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

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 $12,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$1,015,723$1,006,675$997,848$989,232$980,819$949,803
2 years$502,833$493,468$484,392$475,592$467,057$436,089
3 years$331,892$322,487$313,434$304,717$296,320$266,373
4 years$246,438$237,062$228,100$219,531$211,338$182,641
5 years$195,180$185,859$177,015$168,621$160,656$133,286
6 years$161,018$151,768$143,054$134,848$127,121$101,102
7 years$136,627$127,455$118,879$110,866$103,384$78,713
8 years$118,342$109,252$100,818$93,002$85,767$62,427
9 years$104,127$95,124$86,835$79,217$72,228$50,194
10 years$92,762$83,847$75,705$68,286$61,542$40,780
11 years$83,470$74,644$66,649$59,429$52,928$33,400
12 years$75,732$66,996$59,149$52,128$45,866$27,532
13 years$69,189$60,545$52,846$46,021$39,996$22,810
14 years$63,586$55,034$47,482$40,852$35,061$18,977
15 years$58,735$50,274$42,870$36,433$30,870$15,841
16 years$54,494$46,126$38,868$32,622$27,283$13,259
17 years$50,755$42,480$35,369$29,310$24,191$11,124
18 years$47,436$39,254$32,287$26,415$21,510$9,350
19 years$44,470$36,380$29,557$23,868$19,172$7,871
20 years$41,804$33,806$27,126$21,617$17,125$6,635
21 years$39,395$31,489$24,951$19,619$15,325$5,600
22 years$37,207$29,394$22,996$17,838$13,736$4,730
23 years$35,213$27,491$21,233$16,245$12,331$3,998
24 years$33,388$25,758$19,637$14,817$11,083$3,382
25 years$31,711$24,172$18,187$13,531$9,973$2,862
26 years$30,166$22,718$16,868$12,372$8,983$2,424
27 years$28,738$21,380$15,663$11,325$8,099$2,053
28 years$27,414$20,147$14,561$10,376$7,308$1,740
29 years$26,184$19,006$13,550$9,515$6,599$1,474
30 years$25,037$17,949$12,622$8,732$5,963$1,250
31 years$23,967$16,968$11,767$8,020$5,391$1,060
32 years$22,966$16,055$10,979$7,371$4,876$899
33 years$22,027$15,204$10,251$6,778$4,413$762
34 years$21,146$14,410$9,578$6,236$3,996$647
35 years$20,317$13,668$8,955$5,741$3,619$549
36 years$19,535$12,973$8,377$5,287$3,279$466
37 years$18,798$12,321$7,841$4,871$2,972$395
38 years$18,101$11,710$7,342$4,490$2,694$335
39 years$17,441$11,135$6,879$4,140$2,443$285
40 years$16,816$10,594$6,448$3,819$2,216$241
41 years$16,223$10,084$6,046$3,523$2,010$205
42 years$15,660$9,604$5,671$3,251$1,824$174
43 years$15,124$9,151$5,322$3,001$1,656$148
44 years$14,614$8,722$4,995$2,771$1,503$125
45 years$14,128$8,318$4,690$2,559$1,364$106
46 years$13,665$7,935$4,405$2,364$1,239$90
47 years$13,223$7,572$4,139$2,184$1,125$77
48 years$12,800$7,229$3,889$2,018$1,022$65
49 years$12,396$6,903$3,656$1,865$928$55
50 years$12,009$6,594$3,437$1,724$843$47

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 $4,061 every year, while hoping to spend $27,537 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: 65/20/15 Blend
29$12,300,000$12,300,000$12,300,000$12,300,000
30$13,558,789$12,906,889$12,716,239$14,391,021
31$14,912,486$13,510,027$13,112,934$15,551,427
32$16,403,338$14,141,797$13,521,995$16,815,359
33$18,045,304$14,803,571$13,943,808$18,195,808
34$19,853,769$15,496,789$14,378,769$19,704,159
35$21,845,685$16,222,963$14,827,289$21,352,933
36$24,039,731$16,983,675$15,289,789$23,155,909
37$26,456,492$17,780,583$15,766,706$25,128,248
38$29,118,651$18,615,428$16,258,487$27,286,631
39$32,051,203$19,490,035$16,765,597$29,649,419
40$35,281,693$20,406,313$17,288,511$32,236,815
41$38,840,473$21,366,270$17,827,724$35,071,058
42$42,760,990$22,372,006$18,383,741$38,176,626
43$47,080,101$23,425,725$18,957,087$41,580,464
44$51,838,423$24,529,737$19,548,301$45,312,234
45$57,080,712$25,686,464$20,157,939$49,404,588
46$62,856,290$26,898,446$20,786,576$53,893,479
47$69,219,508$28,168,346$21,434,802$58,818,487
48$76,230,258$29,498,955$22,103,228$64,223,194
49$83,954,540$30,893,200$22,792,482$70,155,589
50$92,465,087$32,354,150$23,503,214$76,668,513
51$101,842,045$33,885,023$24,236,091$83,820,155
52$112,173,738$35,489,193$24,991,804$91,674,594
53$123,557,492$37,170,197$25,771,062$100,302,400
54$136,100,564$38,931,744$26,574,600$109,781,292
55$149,921,145$40,777,723$27,403,173$120,196,863
56$165,149,483$42,712,213$28,257,561$131,643,386
57$181,929,108$44,739,488$29,138,566$144,224,694
58$200,418,186$46,864,033$30,047,018$158,055,152
59$220,791,019$49,090,549$30,983,771$173,260,728
60$243,239,682$51,423,964$31,949,706$189,980,178
61$267,975,839$53,869,448$32,945,731$208,366,342
62$295,232,744$56,432,420$33,972,782$228,587,584
63$325,267,440$59,118,565$35,031,826$250,829,363
64$358,363,184$61,933,840$36,123,858$275,295,984
65$394,832,127$64,884,496$37,249,905$302,212,509
66$435,018,252$67,977,084$38,411,025$331,826,873
67$479,300,629$71,218,477$39,608,310$364,412,215
68$528,096,990$74,615,879$40,842,885$400,269,442
69$581,867,672$78,176,847$42,115,911$439,730,059
70$641,119,965$81,909,302$43,428,584$483,159,286
71$706,412,898$85,821,555$44,782,138$530,959,490
72$778,362,519$89,922,316$46,177,845$583,573,972
73$857,647,710$94,220,724$47,617,017$641,491,134
74$945,016,595$98,726,358$49,101,006$705,249,080
75$1,041,293,604$103,449,266$50,631,206$775,440,671
76$1,147,387,255$108,399,983$52,209,055$852,719,113
77$1,264,298,733$113,589,560$53,836,036$937,804,102
78$1,393,131,337$119,029,582$55,513,677$1,031,488,602
79$1,535,100,903$124,732,201$57,243,554$1,134,646,307
80$1,691,547,274$130,710,158$59,027,293$1,248,239,874
81$1,863,946,957$136,976,817$60,866,568$1,373,329,988
82$2,053,927,056$143,546,190$62,763,107$1,511,085,351
83$2,263,280,637$150,432,975$64,718,692$1,662,793,697
84$2,493,983,653$157,652,582$66,735,160$1,829,873,920
85$2,748,213,601$165,221,174$68,814,403$2,013,889,444
86$3,028,370,078$173,155,701$70,958,375$2,216,562,961
87$3,337,097,434$181,473,938$73,169,089$2,439,792,661
88$3,677,309,739$190,194,528$75,448,620$2,685,670,124
89$4,052,218,293$199,337,020$77,799,109$2,956,500,039
90$4,465,361,942$208,921,918$80,222,763$3,254,821,926
91$4,920,640,492$218,970,723$82,721,857$3,583,434,079
92$5,422,351,519$229,505,986$85,298,736$3,945,419,948
93$5,975,230,951$240,551,356$87,955,821$4,344,177,215
94$6,584,497,772$252,131,636$90,695,605$4,783,449,829
95$7,255,903,296$264,272,838$93,520,659$5,267,363,312
96$7,995,785,467$277,002,241$96,433,635$5,800,463,669
97$8,811,128,690$290,348,456$99,437,267$6,387,760,256
98$9,709,629,774$304,341,489$102,534,374$7,034,773,029
99$10,699,770,597$319,012,807$105,727,861$7,747,584,612
100$11,790,898,179$334,395,416$109,020,726$8,532,897,663