Can I retire at age 30 with 12,300,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $12,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$1,015,723$1,006,675$997,848$989,232$980,819$967,360
2 years$502,833$493,468$484,392$475,592$467,057$453,521
3 years$331,892$322,487$313,434$304,717$296,320$283,128
4 years$246,438$237,062$228,100$219,531$211,338$198,591
5 years$195,180$185,859$177,015$168,621$160,656$148,392
6 years$161,018$151,768$143,054$134,848$127,121$115,354
7 years$136,627$127,455$118,879$110,866$103,384$92,118
8 years$118,342$109,252$100,818$93,002$85,767$75,001
9 years$104,127$95,124$86,835$79,217$72,228$61,957
10 years$92,762$83,847$75,705$68,286$61,542$51,758
11 years$83,470$74,644$66,649$59,429$52,928$43,622
12 years$75,732$66,996$59,149$52,128$45,866$37,028
13 years$69,189$60,545$52,846$46,021$39,996$31,613
14 years$63,586$55,034$47,482$40,852$35,061$27,120
15 years$58,735$50,274$42,870$36,433$30,870$23,358
16 years$54,494$46,126$38,868$32,622$27,283$20,186
17 years$50,755$42,480$35,369$29,310$24,191$17,494
18 years$47,436$39,254$32,287$26,415$21,510$15,198
19 years$44,470$36,380$29,557$23,868$19,172$13,231
20 years$41,804$33,806$27,126$21,617$17,125$11,538
21 years$39,395$31,489$24,951$19,619$15,325$10,078
22 years$37,207$29,394$22,996$17,838$13,736$8,814
23 years$35,213$27,491$21,233$16,245$12,331$7,717
24 years$33,388$25,758$19,637$14,817$11,083$6,764
25 years$31,711$24,172$18,187$13,531$9,973$5,933
26 years$30,166$22,718$16,868$12,372$8,983$5,208
27 years$28,738$21,380$15,663$11,325$8,099$4,575
28 years$27,414$20,147$14,561$10,376$7,308$4,021
29 years$26,184$19,006$13,550$9,515$6,599$3,536
30 years$25,037$17,949$12,622$8,732$5,963$3,111
31 years$23,967$16,968$11,767$8,020$5,391$2,738
32 years$22,966$16,055$10,979$7,371$4,876$2,411
33 years$22,027$15,204$10,251$6,778$4,413$2,123
34 years$21,146$14,410$9,578$6,236$3,996$1,870
35 years$20,317$13,668$8,955$5,741$3,619$1,648
36 years$19,535$12,973$8,377$5,287$3,279$1,452
37 years$18,798$12,321$7,841$4,871$2,972$1,280
38 years$18,101$11,710$7,342$4,490$2,694$1,128
39 years$17,441$11,135$6,879$4,140$2,443$995
40 years$16,816$10,594$6,448$3,819$2,216$877
41 years$16,223$10,084$6,046$3,523$2,010$774
42 years$15,660$9,604$5,671$3,251$1,824$682
43 years$15,124$9,151$5,322$3,001$1,656$602
44 years$14,614$8,722$4,995$2,771$1,503$531
45 years$14,128$8,318$4,690$2,559$1,364$468
46 years$13,665$7,935$4,405$2,364$1,239$413
47 years$13,223$7,572$4,139$2,184$1,125$365
48 years$12,800$7,229$3,889$2,018$1,022$322
49 years$12,396$6,903$3,656$1,865$928$284
50 years$12,009$6,594$3,437$1,724$843$250

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $12,300,000, adding $2,338 every year, while hoping to spend $43,314 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: 34/37/29 Blend
29$12,300,000$12,300,000$12,300,000$12,300,000
30$13,557,012$12,905,112$12,714,462$13,898,966
31$14,893,741$13,491,376$13,094,310$14,744,238
32$16,365,365$14,104,916$13,485,432$15,651,075
33$17,985,598$14,747,022$13,888,159$16,628,161
34$19,769,549$15,419,047$14,302,833$17,681,785
35$21,733,870$16,122,408$14,729,805$18,818,842
36$23,896,909$16,858,589$15,169,438$20,046,891
37$26,278,882$17,629,149$15,622,102$21,374,222
38$28,902,068$18,435,717$16,088,183$22,809,932
39$31,791,015$19,280,003$16,568,073$24,363,998
40$34,972,775$20,163,799$17,062,180$26,047,375
41$38,477,154$21,088,982$17,570,919$27,872,084
42$42,337,001$22,057,520$18,094,722$29,851,325
43$46,588,511$23,071,473$18,634,031$31,999,593
44$51,271,568$24,133,004$19,189,300$34,332,807
45$56,430,124$25,244,378$19,760,997$36,868,455
46$62,112,612$26,407,968$20,349,606$39,625,749
47$68,372,402$27,626,262$20,955,622$42,625,800
48$75,268,307$28,901,868$21,579,554$45,891,809
49$82,865,134$30,237,519$22,221,929$49,449,278
50$91,234,300$31,636,081$22,883,287$53,326,238
51$100,454,504$33,100,554$23,564,183$57,553,509
52$110,612,470$34,634,088$24,265,189$62,164,977
53$121,803,764$36,239,980$24,986,895$67,197,906
54$134,133,698$37,921,689$25,729,906$72,693,278
55$147,718,323$39,682,839$26,494,845$78,696,170
56$162,685,523$41,527,230$27,282,354$85,256,163
57$179,176,226$43,458,844$28,093,092$92,427,804
58$197,345,728$45,481,855$28,927,738$100,271,104
59$217,365,167$47,600,640$29,786,992$108,852,092
60$239,423,128$49,819,785$30,671,570$118,243,424
61$263,727,433$52,144,101$31,582,214$128,525,054
62$290,507,096$54,578,627$32,519,683$139,784,975
63$320,014,489$57,128,648$33,484,761$152,120,030
64$352,527,718$59,799,703$34,478,252$165,636,812
65$388,353,257$62,597,601$35,500,985$180,452,654
66$427,828,834$65,528,428$36,553,813$196,696,714
67$471,326,622$68,598,568$37,637,612$214,511,178
68$519,256,750$71,814,710$38,753,285$234,052,581
69$572,071,178$75,183,870$39,901,760$255,493,264
70$630,267,960$78,713,402$41,083,991$279,022,979
71$694,395,948$82,411,014$42,300,960$304,850,656
72$765,059,971$86,284,791$43,553,679$333,206,354
73$842,926,548$90,343,205$44,843,186$364,343,403
74$928,730,174$94,595,140$46,170,551$398,540,775
75$1,023,280,261$99,049,912$47,536,875$436,105,684
76$1,127,468,776$103,717,285$48,943,288$477,376,462
77$1,242,278,657$108,607,498$50,390,954$522,725,721
78$1,368,793,100$113,731,286$51,881,071$572,563,837
79$1,508,205,780$119,099,903$53,414,871$627,342,794
80$1,661,832,121$124,725,149$54,993,620$687,560,415
81$1,831,121,713$130,619,397$56,618,622$753,765,026
82$2,017,671,999$136,795,619$58,291,217$826,560,594
83$2,223,243,354$143,267,415$60,012,784$906,612,389
84$2,449,775,705$150,049,047$61,784,741$994,653,222
85$2,699,406,844$157,155,468$63,608,547$1,091,490,324
86$2,974,492,610$164,602,354$65,485,702$1,198,012,915
87$3,277,629,133$172,406,145$67,417,749$1,315,200,555
88$3,611,677,336$180,584,078$69,406,275$1,444,132,344
89$3,979,789,951$189,154,225$71,452,912$1,585,997,050
90$4,385,441,282$198,135,538$73,559,341$1,742,104,284
91$4,832,460,000$207,547,887$75,727,286$1,913,896,803
92$5,325,065,295$217,412,107$77,958,524$2,102,964,074
93$5,867,906,702$227,750,048$80,254,882$2,311,057,212
94$6,466,108,002$238,584,617$82,618,237$2,540,105,450
95$7,125,315,592$249,939,836$85,050,521$2,792,234,284
96$7,851,751,789$261,840,895$87,553,721$3,069,785,464
97$8,652,273,580$274,314,208$90,129,879$3,375,339,030
98$9,534,437,352$287,387,471$92,781,097$3,711,737,590
99$10,506,570,232$301,089,727$95,509,534$4,082,113,073
100$11,577,848,705$315,451,432$98,317,412$4,489,916,211