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%19.6%
1 years$1,015,723$1,006,675$997,848$989,232$980,819$943,021
2 years$502,833$493,468$484,392$475,592$467,057$429,427
3 years$331,892$322,487$313,434$304,717$296,320$260,042
4 years$246,438$237,062$228,100$219,531$211,338$176,689
5 years$195,180$185,859$177,015$168,621$160,656$127,724
6 years$161,018$151,768$143,054$134,848$127,121$95,929
7 years$136,627$127,455$118,879$110,866$103,384$73,921
8 years$118,342$109,252$100,818$93,002$85,767$58,005
9 years$104,127$95,124$86,835$79,217$72,228$46,127
10 years$92,762$83,847$75,705$68,286$61,542$37,052
11 years$83,470$74,644$66,649$59,429$52,928$29,995
12 years$75,732$66,996$59,149$52,128$45,866$24,430
13 years$69,189$60,545$52,846$46,021$39,996$19,993
14 years$63,586$55,034$47,482$40,852$35,061$16,425
15 years$58,735$50,274$42,870$36,433$30,870$13,536
16 years$54,494$46,126$38,868$32,622$27,283$11,184
17 years$50,755$42,480$35,369$29,310$24,191$9,259
18 years$47,436$39,254$32,287$26,415$21,510$7,679
19 years$44,470$36,380$29,557$23,868$19,172$6,377
20 years$41,804$33,806$27,126$21,617$17,125$5,302
21 years$39,395$31,489$24,951$19,619$15,325$4,412
22 years$37,207$29,394$22,996$17,838$13,736$3,675
23 years$35,213$27,491$21,233$16,245$12,331$3,063
24 years$33,388$25,758$19,637$14,817$11,083$2,554
25 years$31,711$24,172$18,187$13,531$9,973$2,130
26 years$30,166$22,718$16,868$12,372$8,983$1,778
27 years$28,738$21,380$15,663$11,325$8,099$1,484
28 years$27,414$20,147$14,561$10,376$7,308$1,239
29 years$26,184$19,006$13,550$9,515$6,599$1,035
30 years$25,037$17,949$12,622$8,732$5,963$865
31 years$23,967$16,968$11,767$8,020$5,391$722
32 years$22,966$16,055$10,979$7,371$4,876$604
33 years$22,027$15,204$10,251$6,778$4,413$504
34 years$21,146$14,410$9,578$6,236$3,996$422
35 years$20,317$13,668$8,955$5,741$3,619$352
36 years$19,535$12,973$8,377$5,287$3,279$295
37 years$18,798$12,321$7,841$4,871$2,972$246
38 years$18,101$11,710$7,342$4,490$2,694$206
39 years$17,441$11,135$6,879$4,140$2,443$172
40 years$16,816$10,594$6,448$3,819$2,216$144
41 years$16,223$10,084$6,046$3,523$2,010$120
42 years$15,660$9,604$5,671$3,251$1,824$101
43 years$15,124$9,151$5,322$3,001$1,656$84
44 years$14,614$8,722$4,995$2,771$1,503$70
45 years$14,128$8,318$4,690$2,559$1,364$59
46 years$13,665$7,935$4,405$2,364$1,239$49
47 years$13,223$7,572$4,139$2,184$1,125$41
48 years$12,800$7,229$3,889$2,018$1,022$34
49 years$12,396$6,903$3,656$1,865$928$29
50 years$12,009$6,594$3,437$1,724$843$24

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 $2,343 every year, while hoping to spend $38,383 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: 36/43/21 Blend
29$12,300,000$12,300,000$12,300,000$12,300,000
30$13,557,017$12,905,117$12,714,467$13,958,778
31$14,898,993$13,496,628$13,099,562$14,844,364
32$16,376,565$14,115,837$13,496,272$15,796,036
33$18,003,522$14,764,061$13,904,944$16,822,659
34$19,795,060$15,442,678$14,325,939$17,930,961
35$21,767,923$16,153,137$14,759,624$19,128,318
36$23,940,561$16,896,951$15,206,382$20,422,816
37$26,333,307$17,675,709$15,666,604$21,823,322
38$28,968,563$18,491,078$16,140,694$23,339,563
39$31,871,016$19,344,801$16,629,068$24,982,212
40$35,067,872$20,238,708$17,132,153$26,762,977
41$38,589,105$21,174,715$17,650,391$28,694,711
42$42,467,751$22,154,833$18,184,236$30,791,526
43$46,740,209$23,181,167$18,734,155$33,068,913
44$51,446,591$24,255,925$19,300,630$35,543,886
45$56,631,099$25,381,421$19,884,157$38,235,132
46$62,342,441$26,560,081$20,485,246$41,163,180
47$68,634,291$27,794,446$21,104,423$44,350,583
48$75,565,797$29,087,182$21,742,229$47,822,128
49$83,202,137$30,441,083$22,399,223$51,605,053
50$91,615,135$31,859,076$23,075,977$55,729,297
51$100,883,940$33,344,232$23,773,084$60,227,774
52$111,095,772$34,899,769$24,491,152$65,136,668
53$122,346,743$36,529,060$25,230,807$70,495,769
54$134,742,767$38,235,641$25,992,696$76,348,829
55$148,400,561$40,023,219$26,777,483$82,743,968
56$163,448,742$41,895,680$27,585,852$89,734,113
57$180,029,044$43,857,098$28,418,509$97,377,484
58$198,297,655$45,911,745$29,276,178$105,738,128
59$218,426,693$48,064,098$30,159,606$114,886,509
60$240,605,827$50,318,850$31,069,564$124,900,158
61$265,044,070$52,680,922$32,006,844$135,864,385
62$291,971,753$55,155,475$32,972,260$147,873,072
63$321,642,694$57,747,915$33,966,654$161,029,537
64$354,336,601$60,463,915$34,990,888$175,447,489
65$390,361,706$63,309,419$36,045,855$191,252,087
66$430,057,679$66,290,660$37,132,471$208,581,095
67$473,798,833$69,414,173$38,251,679$227,586,162
68$521,997,655$72,686,808$39,404,451$248,434,234
69$575,108,704$76,115,751$40,591,789$271,309,099
70$633,632,900$79,708,531$41,814,722$296,413,103
71$698,122,252$83,473,045$43,074,311$323,969,033
72$769,185,070$87,417,572$44,371,649$354,222,188
73$847,491,708$91,550,793$45,707,859$387,442,671
74$933,780,889$95,881,810$47,084,100$423,927,906
75$1,028,866,686$100,420,164$48,501,564$464,005,415
76$1,133,646,199$105,175,863$49,961,477$508,035,875
77$1,249,108,028$110,159,397$51,465,103$556,416,490
78$1,376,341,605$115,381,766$53,013,743$609,584,706
79$1,516,547,482$120,854,505$54,608,735$668,022,297
80$1,671,048,657$126,589,708$56,251,460$732,259,879
81$1,841,303,072$132,600,056$57,943,336$802,881,876
82$2,028,917,372$138,898,845$59,685,825$880,531,990
83$2,235,662,074$145,500,019$61,480,430$965,919,237
84$2,463,488,283$152,418,197$63,328,701$1,059,824,591
85$2,714,546,108$159,668,709$65,232,233$1,163,108,305
86$2,991,204,965$167,267,630$67,192,667$1,276,717,980
87$3,296,075,943$175,231,815$69,211,693$1,401,697,457
88$3,632,036,454$183,578,940$71,291,050$1,539,196,616
89$4,002,257,403$192,327,537$73,432,530$1,690,482,165
90$4,410,233,114$201,497,043$75,637,976$1,856,949,541
91$4,859,814,330$211,107,837$77,909,287$2,040,136,016
92$5,355,244,559$221,181,288$80,248,416$2,241,735,137
93$5,901,200,141$231,739,808$82,657,374$2,463,612,648
94$6,502,834,392$242,806,895$85,138,232$2,707,824,022
95$7,165,826,259$254,407,192$87,693,123$2,976,633,791
96$7,896,433,933$266,566,541$90,324,238$3,272,536,836
97$8,701,553,933$279,312,039$93,033,839$3,598,281,859
98$9,588,786,210$292,672,105$95,824,248$3,956,897,235
99$10,566,505,903$306,676,538$98,697,860$4,351,719,512
100$11,643,942,406$321,356,589$101,657,139$4,786,424,806