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

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 $12,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$1,023,980$1,014,859$1,005,960$997,275$988,793$956,759
2 years$506,921$497,480$488,330$479,459$470,854$438,880
3 years$334,590$325,109$315,982$307,194$298,729$267,820
4 years$248,442$238,989$229,954$221,316$213,056$183,448
5 years$196,766$187,371$178,454$169,992$161,962$133,734
6 years$162,327$153,002$144,217$135,944$128,155$101,330
7 years$137,738$128,491$119,845$111,767$104,224$78,801
8 years$119,304$110,140$101,638$93,759$86,464$62,423
9 years$104,974$95,897$87,541$79,861$72,815$50,129
10 years$93,517$84,529$76,320$68,841$62,042$40,676
11 years$84,149$75,251$67,191$59,913$53,358$33,273
12 years$76,348$67,541$59,630$52,551$46,239$27,390
13 years$69,752$61,037$53,276$46,395$40,322$22,662
14 years$64,103$55,481$47,869$41,184$35,346$18,827
15 years$59,212$50,683$43,219$36,729$31,121$15,694
16 years$54,937$46,501$39,184$32,887$27,505$13,117
17 years$51,168$42,826$35,656$29,549$24,388$10,989
18 years$47,822$39,573$32,549$26,629$21,684$9,223
19 years$44,832$36,676$29,797$24,062$19,328$7,752
20 years$42,144$34,081$27,347$21,793$17,264$6,525
21 years$39,715$31,745$25,154$19,778$15,449$5,498
22 years$37,510$29,633$23,183$17,983$13,848$4,637
23 years$35,499$27,715$21,405$16,377$12,431$3,913
24 years$33,659$25,967$19,796$14,937$11,173$3,305
25 years$31,969$24,369$18,335$13,641$10,054$2,793
26 years$30,411$22,903$17,005$12,473$9,056$2,361
27 years$28,972$21,554$15,791$11,417$8,165$1,996
28 years$27,637$20,310$14,680$10,460$7,368$1,689
29 years$26,397$19,160$13,661$9,592$6,653$1,429
30 years$25,241$18,095$12,724$8,803$6,011$1,210
31 years$24,162$17,106$11,863$8,085$5,435$1,024
32 years$23,153$16,186$11,068$7,431$4,916$867
33 years$22,207$15,328$10,334$6,833$4,449$734
34 years$21,318$14,527$9,656$6,287$4,028$622
35 years$20,482$13,779$9,027$5,787$3,648$527
36 years$19,694$13,078$8,445$5,330$3,306$446
37 years$18,951$12,421$7,904$4,911$2,996$378
38 years$18,248$11,805$7,402$4,527$2,716$320
39 years$17,583$11,225$6,935$4,174$2,463$271
40 years$16,953$10,680$6,500$3,850$2,234$230
41 years$16,355$10,166$6,095$3,552$2,027$195
42 years$15,787$9,682$5,717$3,278$1,839$165
43 years$15,247$9,225$5,365$3,026$1,669$140
44 years$14,733$8,793$5,036$2,794$1,515$118
45 years$14,243$8,385$4,729$2,580$1,375$100
46 years$13,776$7,999$4,441$2,383$1,249$85
47 years$13,330$7,634$4,172$2,202$1,134$72
48 years$12,904$7,287$3,921$2,035$1,030$61
49 years$12,497$6,959$3,685$1,880$935$52
50 years$12,107$6,648$3,465$1,738$850$44

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 $2,356 every year, while hoping to spend $20,836 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: 45/45/10 Blend
29$12,400,000$12,400,000$12,400,000$12,400,000
30$13,667,230$13,010,030$12,817,830$14,243,514
31$15,039,118$13,625,352$13,225,058$15,258,137
32$16,550,241$14,270,127$13,645,230$16,355,343
33$18,214,777$14,945,775$14,078,757$17,544,583
34$20,048,354$15,653,787$14,526,064$18,834,352
35$22,068,188$16,395,725$14,987,590$20,233,973
36$24,293,255$17,173,228$15,463,786$21,753,676
37$26,744,464$17,988,012$15,955,120$23,404,686
38$29,444,855$18,841,880$16,462,072$25,199,332
39$32,419,817$19,736,720$16,985,139$27,151,146
40$35,697,331$20,674,512$17,524,834$29,274,991
41$39,308,229$21,657,333$18,081,685$31,587,192
42$43,286,485$22,687,359$18,656,239$34,105,682
43$47,669,542$23,766,875$19,249,058$36,850,163
44$52,498,657$24,898,274$19,860,723$39,842,285
45$57,819,297$26,084,066$20,491,834$43,105,844
46$63,681,563$27,326,884$21,143,009$46,666,990
47$70,140,670$28,629,487$21,814,886$50,554,472
48$77,257,458$29,994,772$22,508,125$54,799,898
49$85,098,975$31,425,772$23,223,403$59,438,019
50$93,739,106$32,925,671$23,961,423$64,507,048
51$103,259,272$34,497,806$24,722,908$70,049,014
52$113,749,197$36,145,677$25,508,604$76,110,140
53$125,307,754$37,872,955$26,319,282$82,741,269
54$138,043,903$39,683,487$27,155,736$89,998,333
55$152,077,713$41,581,311$28,018,785$97,942,865
56$167,541,502$43,570,658$28,909,277$106,642,566
57$184,581,082$45,655,966$29,828,084$116,171,930
58$203,357,134$47,841,890$30,776,107$126,612,930
59$224,046,731$50,133,312$31,754,275$138,055,775
60$246,845,002$52,535,348$32,763,548$150,599,746
61$271,966,980$55,053,368$33,804,915$164,354,114
62$299,649,629$57,693,001$34,879,396$179,439,152
63$330,154,082$60,460,148$35,988,047$195,987,251
64$363,768,105$63,361,002$37,131,953$214,144,150
65$400,808,815$66,402,055$38,312,237$234,070,288
66$441,625,673$69,590,115$39,530,056$255,942,296
67$486,603,783$72,932,321$40,786,604$279,954,641
68$536,167,527$76,436,164$42,083,114$306,321,437
69$590,784,573$80,109,494$43,420,856$335,278,438
70$650,970,288$83,960,548$44,801,144$367,085,239
71$717,292,606$87,997,963$46,225,331$402,027,695
72$790,377,386$92,230,797$47,694,813$440,420,590
73$870,914,322$96,668,549$49,211,032$482,610,576
74$959,663,457$101,321,182$50,775,476$528,979,416
75$1,057,462,354$106,199,144$52,389,679$579,947,548
76$1,165,234,005$111,313,393$54,055,223$635,978,019
77$1,283,995,544$116,675,421$55,773,745$697,580,822
78$1,414,867,853$122,297,279$57,546,928$765,317,664
79$1,559,086,136$128,191,608$59,376,513$839,807,231
80$1,718,011,591$134,371,666$61,264,294$921,730,982
81$1,893,144,249$140,851,354$63,212,124$1,011,839,540
82$2,086,137,146$147,645,254$65,221,914$1,110,959,725
83$2,298,811,923$154,768,659$67,295,636$1,220,002,312
84$2,533,176,024$162,237,608$69,435,325$1,339,970,573
85$2,791,441,649$170,068,921$71,643,079$1,471,969,697
86$3,076,046,641$178,280,242$73,921,066$1,617,217,162
87$3,389,677,497$186,890,073$76,271,520$1,777,054,168
88$3,735,294,735$195,917,819$78,696,749$1,952,958,234
89$4,116,160,840$205,383,835$81,199,132$2,146,557,081
90$4,535,871,068$215,309,465$83,781,126$2,359,643,927
91$4,998,387,387$225,717,099$86,445,263$2,594,194,342
92$5,508,075,880$236,630,216$89,194,160$2,852,384,822
93$6,069,747,969$248,073,446$92,030,513$3,136,613,254
94$6,688,705,834$260,072,617$94,957,107$3,449,521,472
95$7,370,792,473$272,654,820$97,976,815$3,794,020,104
96$8,122,446,867$285,848,468$101,092,600$4,173,315,958
97$8,950,764,767$299,683,362$104,307,521$4,590,942,202
98$9,863,565,684$314,190,758$107,624,734$5,050,791,613
99$10,869,466,717$329,403,437$111,047,495$5,557,153,220
100$11,977,963,901$345,355,785$114,579,165$6,114,752,688