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%20%
1 years$1,023,980$1,014,859$1,005,960$997,275$988,793$949,187
2 years$506,921$497,480$488,330$479,459$470,854$431,449
3 years$334,590$325,109$315,982$307,194$298,729$260,766
4 years$248,442$238,989$229,954$221,316$213,056$176,823
5 years$196,766$187,371$178,454$169,992$161,962$127,551
6 years$162,327$153,002$144,217$135,944$128,155$95,589
7 years$137,738$128,491$119,845$111,767$104,224$73,490
8 years$119,304$110,140$101,638$93,759$86,464$57,530
9 years$104,974$95,897$87,541$79,861$72,815$45,636
10 years$93,517$84,529$76,320$68,841$62,042$36,565
11 years$84,149$75,251$67,191$59,913$53,358$29,523
12 years$76,348$67,541$59,630$52,551$46,239$23,981
13 years$69,752$61,037$53,276$46,395$40,322$19,572
14 years$64,103$55,481$47,869$41,184$35,346$16,035
15 years$59,212$50,683$43,219$36,729$31,121$13,177
16 years$54,937$46,501$39,184$32,887$27,505$10,855
17 years$51,168$42,826$35,656$29,549$24,388$8,960
18 years$47,822$39,573$32,549$26,629$21,684$7,409
19 years$44,832$36,676$29,797$24,062$19,328$6,134
20 years$42,144$34,081$27,347$21,793$17,264$5,084
21 years$39,715$31,745$25,154$19,778$15,449$4,218
22 years$37,510$29,633$23,183$17,983$13,848$3,502
23 years$35,499$27,715$21,405$16,377$12,431$2,910
24 years$33,659$25,967$19,796$14,937$11,173$2,418
25 years$31,969$24,369$18,335$13,641$10,054$2,011
26 years$30,411$22,903$17,005$12,473$9,056$1,673
27 years$28,972$21,554$15,791$11,417$8,165$1,392
28 years$27,637$20,310$14,680$10,460$7,368$1,159
29 years$26,397$19,160$13,661$9,592$6,653$965
30 years$25,241$18,095$12,724$8,803$6,011$803
31 years$24,162$17,106$11,863$8,085$5,435$669
32 years$23,153$16,186$11,068$7,431$4,916$557
33 years$22,207$15,328$10,334$6,833$4,449$464
34 years$21,318$14,527$9,656$6,287$4,028$386
35 years$20,482$13,779$9,027$5,787$3,648$322
36 years$19,694$13,078$8,445$5,330$3,306$268
37 years$18,951$12,421$7,904$4,911$2,996$223
38 years$18,248$11,805$7,402$4,527$2,716$186
39 years$17,583$11,225$6,935$4,174$2,463$155
40 years$16,953$10,680$6,500$3,850$2,234$129
41 years$16,355$10,166$6,095$3,552$2,027$108
42 years$15,787$9,682$5,717$3,278$1,839$90
43 years$15,247$9,225$5,365$3,026$1,669$75
44 years$14,733$8,793$5,036$2,794$1,515$62
45 years$14,243$8,385$4,729$2,580$1,375$52
46 years$13,776$7,999$4,441$2,383$1,249$43
47 years$13,330$7,634$4,172$2,202$1,134$36
48 years$12,904$7,287$3,921$2,035$1,030$30
49 years$12,497$6,959$3,685$1,880$935$25
50 years$12,107$6,648$3,465$1,738$850$21

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 $2,330 every year, while hoping to spend $59,460 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: 27/47/26 Blend
29$12,400,000$12,400,000$12,400,000$12,400,000
30$13,667,203$13,010,003$12,817,803$13,924,991
31$14,997,993$13,584,229$13,183,935$14,706,341
32$16,462,531$14,184,598$13,560,339$15,539,361
33$18,074,395$14,812,330$13,947,297$16,432,547
34$19,848,550$15,468,700$14,345,097$17,391,058
35$21,801,481$16,155,045$14,754,037$18,420,538
36$23,951,355$16,872,766$15,174,420$19,527,164
37$26,318,189$17,623,327$15,606,559$20,717,699
38$28,924,040$18,408,265$16,050,774$21,999,549
39$31,793,211$19,229,190$16,507,395$23,380,828
40$34,952,484$20,087,785$16,976,758$24,870,425
41$38,431,368$20,985,818$17,459,210$26,478,085
42$42,262,381$21,925,136$17,955,107$28,214,490
43$46,481,354$22,907,678$18,464,813$30,091,356
44$51,127,771$23,935,473$18,988,703$32,121,530
45$56,245,140$25,010,648$19,527,161$34,319,112
46$61,881,404$26,135,429$20,080,581$36,699,569
47$68,089,394$27,312,152$20,649,367$39,279,880
48$74,927,326$28,543,261$21,233,935$42,078,685
49$82,459,350$29,831,318$21,834,708$45,116,448
50$90,756,158$31,179,007$22,452,125$48,415,644
51$99,895,648$32,589,140$23,086,634$52,000,958
52$109,963,661$34,064,664$23,738,692$55,899,506
53$121,054,788$35,608,667$24,408,772$60,141,084
54$133,273,268$37,224,383$25,097,357$64,758,430
55$146,733,965$38,915,202$25,804,943$69,787,527
56$161,563,459$40,684,676$26,532,038$75,267,925
57$177,901,234$42,536,527$27,279,163$81,243,101
58$195,900,999$44,474,656$28,046,854$87,760,857
59$215,732,135$46,503,148$28,835,658$94,873,754
60$237,581,298$48,626,288$29,646,138$102,639,591
61$261,654,177$50,848,563$30,478,870$111,121,937
62$288,177,437$53,174,676$31,334,446$120,390,713
63$317,400,857$55,609,557$32,213,472$130,522,831
64$349,599,690$58,158,370$33,116,568$141,602,902
65$385,077,257$60,826,530$34,044,373$153,724,020
66$424,167,817$63,619,709$34,997,538$166,988,610
67$467,239,712$66,543,853$35,976,734$181,509,382
68$514,698,855$69,605,193$36,982,646$197,410,368
69$566,992,552$72,810,262$38,015,979$214,828,068
70$624,613,730$76,165,902$39,077,452$233,912,717
71$688,105,588$79,679,289$40,167,804$254,829,674
72$758,066,725$83,357,942$41,287,793$277,760,958
73$835,156,791$87,209,741$42,438,194$302,906,934
74$920,102,713$91,242,947$43,619,802$330,488,180
75$1,013,705,556$95,466,217$44,833,432$360,747,531
76$1,116,848,088$99,888,628$46,079,918$393,952,347
77$1,230,503,113$104,519,690$47,360,115$430,396,995
78$1,355,742,651$109,369,375$48,674,899$470,405,595
79$1,493,748,060$114,448,134$50,025,167$514,335,043
80$1,645,821,191$119,766,921$51,411,838$562,578,339
81$1,813,396,672$125,337,219$52,835,854$615,568,259
82$1,998,055,456$131,171,067$54,298,179$673,781,394
83$2,201,539,744$137,281,081$55,799,800$737,742,604
84$2,425,769,433$143,680,488$57,341,728$808,029,930
85$2,672,860,237$150,383,155$58,924,998$885,279,996
86$2,945,143,667$157,403,615$60,550,672$970,193,970
87$3,245,189,035$164,757,106$62,219,833$1,063,544,132
88$3,575,827,713$172,459,601$63,933,594$1,166,181,100
89$3,940,179,863$180,527,844$65,693,092$1,279,041,811
90$4,341,683,889$188,979,389$67,499,491$1,403,158,296
91$4,784,128,906$197,832,638$69,353,983$1,539,667,361
92$5,271,690,501$207,106,885$71,257,789$1,689,821,251
93$5,808,970,164$216,822,354$73,212,156$1,854,999,401
94$6,401,038,720$227,000,248$75,218,363$2,036,721,382
95$7,053,484,207$237,662,798$77,277,716$2,236,661,171
96$7,772,464,629$248,833,308$79,391,552$2,456,662,871
97$8,564,766,092$260,536,212$81,561,240$2,698,758,035
98$9,437,866,872$272,797,125$83,788,181$2,965,184,755
99$10,400,008,013$285,642,904$86,073,805$3,258,408,699
100$11,460,271,130$299,101,706$88,419,577$3,581,146,285