Can I retire at age 30 with 12,200,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $12,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$1,007,465$998,491$989,735$981,190$972,845$963,086
2 years$498,745$489,456$480,454$471,726$463,260$453,430
3 years$329,194$319,865$310,886$302,239$293,911$284,316
4 years$244,435$235,135$226,245$217,746$209,620$200,334
5 years$193,593$184,348$175,575$167,250$159,350$150,399
6 years$159,709$150,534$141,891$133,751$126,088$117,484
7 years$135,516$126,419$117,912$109,964$102,543$94,290
8 years$117,379$108,364$99,999$92,246$85,069$77,167
9 years$103,281$94,350$86,129$78,573$71,641$64,085
10 years$92,008$83,165$75,089$67,731$61,042$53,829
11 years$82,791$74,037$66,107$58,946$52,498$45,622
12 years$75,116$66,452$58,669$51,704$45,493$38,947
13 years$68,627$60,053$52,416$45,647$39,671$33,447
14 years$63,069$54,586$47,096$40,520$34,776$28,865
15 years$58,257$49,866$42,522$36,137$30,619$25,014
16 years$54,051$45,751$38,552$32,357$27,061$21,752
17 years$50,343$42,135$35,081$29,072$23,994$18,971
18 years$47,051$38,934$32,024$26,200$21,335$16,587
19 years$44,109$36,084$29,317$23,674$19,016$14,535
20 years$41,464$33,531$26,906$21,441$16,986$12,760
21 years$39,074$31,233$24,748$19,459$15,200$11,220
22 years$36,905$29,155$22,809$17,693$13,625$9,880
23 years$34,927$27,268$21,060$16,113$12,230$8,710
24 years$33,116$25,548$19,477$14,696$10,993$7,688
25 years$31,453$23,976$18,040$13,421$9,892$6,791
26 years$29,921$22,533$16,731$12,272$8,910$6,004
27 years$28,504$21,206$15,536$11,233$8,033$5,312
28 years$27,191$19,983$14,443$10,292$7,249$4,703
29 years$25,971$18,851$13,440$9,438$6,545$4,166
30 years$24,834$17,803$12,519$8,661$5,914$3,693
31 years$23,772$16,830$11,671$7,955$5,347$3,274
32 years$22,779$15,925$10,889$7,311$4,837$2,904
33 years$21,848$15,081$10,167$6,723$4,377$2,577
34 years$20,974$14,293$9,500$6,186$3,963$2,287
35 years$20,152$13,557$8,882$5,694$3,590$2,030
36 years$19,376$12,867$8,309$5,244$3,252$1,803
37 years$18,645$12,221$7,777$4,832$2,948$1,601
38 years$17,954$11,614$7,283$4,454$2,672$1,423
39 years$17,299$11,044$6,823$4,106$2,423$1,264
40 years$16,679$10,508$6,395$3,788$2,198$1,123
41 years$16,091$10,002$5,997$3,495$1,994$998
42 years$15,532$9,526$5,625$3,225$1,809$887
43 years$15,001$9,076$5,278$2,977$1,642$789
44 years$14,495$8,651$4,955$2,749$1,491$701
45 years$14,013$8,250$4,652$2,539$1,353$624
46 years$13,554$7,870$4,370$2,345$1,229$554
47 years$13,115$7,511$4,105$2,166$1,116$493
48 years$12,696$7,170$3,858$2,002$1,013$438
49 years$12,295$6,847$3,626$1,850$920$390
50 years$11,911$6,540$3,409$1,710$836$347

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $12,200,000, adding $5,600 every year, while hoping to spend $21,464 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 50/30/20 Blend
29$12,200,000$12,200,000$12,200,000$12,200,000
30$13,450,176$12,803,576$12,614,476$14,047,327
31$14,799,257$13,408,114$13,014,224$15,065,618
32$16,285,224$14,041,555$13,426,643$16,169,029
33$17,922,018$14,705,292$13,852,137$17,367,783
34$19,725,000$15,400,787$14,291,119$18,670,891
35$21,711,096$16,129,572$14,744,018$20,088,250
36$23,898,959$16,893,252$15,211,274$21,630,734
37$26,309,145$17,693,513$15,693,343$23,310,293
38$28,964,302$18,532,121$16,190,696$25,140,060
39$31,889,393$19,410,926$16,703,815$27,134,471
40$35,111,920$20,331,871$17,233,202$29,309,396
41$38,662,194$21,296,991$17,779,373$31,682,283
42$42,573,615$22,308,421$18,342,859$34,272,317
43$46,882,990$23,368,399$18,924,211$37,100,596
44$51,630,876$24,479,272$19,523,994$40,190,324
45$56,861,971$25,643,502$20,142,793$43,567,024
46$62,625,527$26,863,668$20,781,211$47,258,771
47$68,975,820$28,142,477$21,439,871$51,296,451
48$75,972,661$29,482,766$22,119,414$55,714,047
49$83,681,961$30,887,510$22,820,503$60,548,947
50$92,176,352$32,359,829$23,543,821$65,842,297
51$101,535,875$33,902,996$24,290,074$71,639,373
52$111,848,732$35,520,440$25,059,989$77,990,004
53$123,212,119$37,215,759$25,854,316$84,949,035
54$135,733,150$38,992,725$26,673,829$92,576,831
55$149,529,857$40,855,294$27,519,328$100,939,838
56$164,732,314$42,807,615$28,391,638$110,111,203
57$181,483,860$44,854,038$29,291,607$120,171,451
58$199,942,452$46,999,124$30,220,114$131,209,233
59$220,282,158$49,247,658$31,178,064$143,322,153
60$242,694,800$51,604,655$32,166,391$156,617,677
61$267,391,763$54,075,377$33,186,059$171,214,133
62$294,605,993$56,665,340$34,238,062$187,241,816
63$324,594,192$59,380,329$35,323,425$204,844,202
64$357,639,247$62,226,413$36,443,207$224,179,289
65$394,052,896$65,209,953$37,598,500$245,421,074
66$434,178,672$68,337,621$38,790,430$268,761,175
67$478,395,146$71,616,415$40,020,160$294,410,628
68$527,119,505$75,053,672$41,288,889$322,601,860
69$580,811,481$78,657,089$42,597,853$353,590,861
70$639,977,702$82,434,736$43,948,331$387,659,587
71$705,176,465$86,395,076$45,341,638$425,118,596
72$777,023,015$90,546,985$46,779,133$466,309,961
73$856,195,348$94,899,772$48,262,219$511,610,478
74$943,440,612$99,463,200$49,792,342$561,435,197
75$1,039,582,163$104,247,505$51,370,994$616,241,318
76$1,145,527,336$109,263,426$52,999,716$676,532,479
77$1,262,276,013$114,522,222$54,680,094$742,863,488
78$1,390,930,059$120,035,703$56,413,770$815,845,527
79$1,532,703,726$125,816,255$58,202,433$896,151,898
80$1,688,935,121$131,876,865$60,047,829$984,524,345
81$1,861,098,829$138,231,158$61,951,757$1,081,780,024
82$2,050,819,844$144,893,419$63,916,075$1,188,819,187
83$2,259,888,904$151,878,632$65,942,699$1,306,633,642
84$2,490,279,399$159,202,512$68,033,607$1,436,316,082
85$2,744,166,002$166,881,540$70,190,837$1,579,070,359
86$3,023,945,199$174,933,000$72,416,495$1,736,222,812
87$3,332,257,914$183,375,021$74,712,752$1,909,234,745
88$3,672,014,439$192,226,616$77,081,848$2,099,716,176
89$4,046,421,917$201,507,724$79,526,094$2,309,440,992
90$4,459,014,610$211,239,261$82,047,876$2,540,363,647
91$4,913,687,274$221,443,158$84,649,654$2,794,637,564
92$5,414,731,925$232,142,422$87,333,966$3,074,635,407
93$5,966,878,360$243,361,179$90,103,432$3,382,971,429
94$6,575,338,810$255,124,734$92,960,754$3,722,526,093
95$7,245,857,150$267,459,627$95,908,721$4,096,473,201
96$7,984,763,124$280,393,694$98,950,208$4,508,309,799
97$8,799,032,108$293,956,130$102,088,185$4,961,889,118
98$9,696,350,956$308,177,554$105,325,713$5,461,456,886
99$10,685,190,581$323,090,081$108,665,951$6,011,691,334
100$11,774,885,920$338,727,395$112,112,160$6,617,747,289