Can I retire at age 30 with 12,400,000?

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 $12,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$1,023,980$1,014,859$1,005,960$997,275$988,793$983,799
2 years$506,921$497,480$488,330$479,459$470,854$465,814
3 years$334,590$325,109$315,982$307,194$298,729$293,799
4 years$248,442$238,989$229,954$221,316$213,056$208,274
5 years$196,766$187,371$178,454$169,992$161,962$157,342
6 years$162,327$153,002$144,217$135,944$128,155$123,703
7 years$137,738$128,491$119,845$111,767$104,224$99,943
8 years$119,304$110,140$101,638$93,759$86,464$82,353
9 years$104,974$95,897$87,541$79,861$72,815$68,874
10 years$93,517$84,529$76,320$68,841$62,042$58,268
11 years$84,149$75,251$67,191$59,913$53,358$49,750
12 years$76,348$67,541$59,630$52,551$46,239$42,793
13 years$69,752$61,037$53,276$46,395$40,322$37,034
14 years$64,103$55,481$47,869$41,184$35,346$32,214
15 years$59,212$50,683$43,219$36,729$31,121$28,141
16 years$54,937$46,501$39,184$32,887$27,505$24,672
17 years$51,168$42,826$35,656$29,549$24,388$21,697
18 years$47,822$39,573$32,549$26,629$21,684$19,133
19 years$44,832$36,676$29,797$24,062$19,328$16,910
20 years$42,144$34,081$27,347$21,793$17,264$14,975
21 years$39,715$31,745$25,154$19,778$15,449$13,285
22 years$37,510$29,633$23,183$17,983$13,848$11,804
23 years$35,499$27,715$21,405$16,377$12,431$10,501
24 years$33,659$25,967$19,796$14,937$11,173$9,354
25 years$31,969$24,369$18,335$13,641$10,054$8,341
26 years$30,411$22,903$17,005$12,473$9,056$7,444
27 years$28,972$21,554$15,791$11,417$8,165$6,649
28 years$27,637$20,310$14,680$10,460$7,368$5,943
29 years$26,397$19,160$13,661$9,592$6,653$5,316
30 years$25,241$18,095$12,724$8,803$6,011$4,757
31 years$24,162$17,106$11,863$8,085$5,435$4,259
32 years$23,153$16,186$11,068$7,431$4,916$3,816
33 years$22,207$15,328$10,334$6,833$4,449$3,419
34 years$21,318$14,527$9,656$6,287$4,028$3,065
35 years$20,482$13,779$9,027$5,787$3,648$2,749
36 years$19,694$13,078$8,445$5,330$3,306$2,466
37 years$18,951$12,421$7,904$4,911$2,996$2,212
38 years$18,248$11,805$7,402$4,527$2,716$1,986
39 years$17,583$11,225$6,935$4,174$2,463$1,782
40 years$16,953$10,680$6,500$3,850$2,234$1,600
41 years$16,355$10,166$6,095$3,552$2,027$1,437
42 years$15,787$9,682$5,717$3,278$1,839$1,291
43 years$15,247$9,225$5,365$3,026$1,669$1,159
44 years$14,733$8,793$5,036$2,794$1,515$1,041
45 years$14,243$8,385$4,729$2,580$1,375$936
46 years$13,776$7,999$4,441$2,383$1,249$841
47 years$13,330$7,634$4,172$2,202$1,134$755
48 years$12,904$7,287$3,921$2,035$1,030$679
49 years$12,497$6,959$3,685$1,880$935$610
50 years$12,107$6,648$3,465$1,738$850$548

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $12,400,000, adding $4,025 every year, while hoping to spend $42,749 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: 60/15/25 Blend
29$12,400,000$12,400,000$12,400,000$12,400,000
30$13,668,952$13,011,752$12,819,552$14,397,242
31$15,017,700$13,603,843$13,203,522$15,485,227
32$16,502,588$14,223,514$13,598,923$16,666,812
33$18,137,457$14,872,071$14,006,091$17,955,154
34$19,937,558$15,550,883$14,425,376$19,360,641
35$21,919,697$16,261,384$14,857,134$20,894,705
36$24,102,392$17,005,077$15,301,733$22,569,921
37$26,506,048$17,783,539$15,759,554$24,400,128
38$29,153,152$18,598,419$16,230,986$26,400,554
39$32,068,480$19,451,448$16,716,431$28,587,957
40$35,279,336$20,344,440$17,216,302$30,980,782
41$38,815,804$21,279,294$17,731,025$33,599,331
42$42,711,039$22,258,002$18,261,037$36,465,953
43$47,001,573$23,282,651$18,806,789$39,605,246
44$51,727,662$24,355,430$19,368,745$43,044,293
45$56,933,668$25,478,630$19,947,382$46,812,910
46$62,668,474$26,654,656$20,543,192$50,943,924
47$68,985,950$27,886,025$21,156,680$55,473,480
48$75,945,454$29,175,378$21,788,367$60,441,377
49$83,612,401$30,525,482$22,438,787$65,891,441
50$92,058,872$31,939,237$23,108,493$71,871,930
51$101,364,301$33,419,683$23,798,051$78,435,991
52$111,616,219$34,970,007$24,508,045$85,642,152
53$122,911,085$36,593,549$25,239,076$93,554,873
54$135,355,192$38,293,810$25,991,762$102,245,146
55$149,065,675$40,074,459$26,766,739$111,791,162
56$164,171,611$41,939,345$27,564,661$122,279,041
57$180,815,241$43,892,498$28,386,203$133,803,644
58$199,153,312$45,938,147$29,232,058$146,469,454
59$219,358,556$48,080,723$30,102,938$160,391,564
60$241,621,321$50,324,871$30,999,579$175,696,753
61$266,151,366$52,675,460$31,922,735$192,524,675
62$293,179,843$55,137,595$32,873,184$211,029,173
63$322,961,477$57,716,627$33,851,726$231,379,719
64$355,776,972$60,418,166$34,859,183$253,763,011
65$391,935,661$63,248,094$35,896,403$278,384,723
66$431,778,423$66,212,575$36,964,258$305,471,442
67$475,680,905$69,318,074$38,063,643$335,272,793
68$524,057,063$72,571,366$39,195,482$368,063,790
69$577,363,077$75,979,556$40,360,723$404,147,421
70$636,101,648$79,550,091$41,560,344$443,857,499
71$700,826,750$83,290,780$42,795,350$487,561,798
72$772,148,859$87,209,809$44,066,775$535,665,521
73$850,740,713$91,315,760$45,375,683$588,615,108
74$937,343,666$95,617,632$46,723,168$646,902,442
75$1,032,774,683$100,124,859$48,110,357$711,069,476
76$1,137,934,055$104,847,332$49,538,408$781,713,338
77$1,253,813,899$109,795,421$51,008,515$859,491,956
78$1,381,507,519$114,979,999$52,521,903$945,130,252
79$1,522,219,734$120,412,467$54,079,835$1,039,426,971
80$1,677,278,245$126,104,777$55,683,608$1,143,262,208
81$1,848,146,177$132,069,461$57,334,559$1,257,605,695
82$2,036,435,881$138,319,659$59,034,061$1,383,525,945
83$2,243,924,168$144,869,150$60,783,529$1,522,200,317
84$2,472,569,073$151,732,377$62,584,417$1,674,926,114
85$2,724,528,344$158,924,489$64,438,220$1,843,132,810
86$3,002,179,813$166,461,367$66,346,479$2,028,395,524
87$3,308,143,844$174,359,664$68,310,776$2,232,449,870
88$3,645,308,069$182,636,841$70,332,740$2,457,208,320
89$4,016,854,652$191,311,206$72,414,047$2,704,778,235
90$4,426,290,329$200,401,958$74,556,420$2,977,481,737
91$4,877,479,515$209,929,226$76,761,632$3,277,877,601
92$5,374,680,786$219,914,119$79,031,508$3,608,785,392
93$5,922,587,086$230,378,770$81,367,923$3,973,312,052
94$6,526,370,027$241,346,388$83,772,807$4,374,881,203
95$7,191,728,718$252,841,310$86,248,144$4,817,265,439
96$7,924,943,568$264,889,055$88,795,978$5,304,621,909
97$8,732,935,576$277,516,383$91,418,407$5,841,531,532
98$9,623,331,673$290,751,354$94,117,592$6,433,042,210
99$10,604,536,728$304,623,394$96,895,755$7,084,716,446
100$11,685,812,892$319,163,358$99,755,181$7,802,683,821