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%12.3%
1 years$1,023,980$1,014,859$1,005,960$997,275$988,793$979,282
2 years$506,921$497,480$488,330$479,459$470,854$461,273
3 years$334,590$325,109$315,982$307,194$298,729$289,375
4 years$248,442$238,989$229,954$221,316$213,056$204,001
5 years$196,766$187,371$178,454$169,992$161,962$153,233
6 years$162,327$153,002$144,217$135,944$128,155$119,762
7 years$137,738$128,491$119,845$111,767$104,224$96,172
8 years$119,304$110,140$101,638$93,759$86,464$78,751
9 years$104,974$95,897$87,541$79,861$72,815$65,440
10 years$93,517$84,529$76,320$68,841$62,042$55,000
11 years$84,149$75,251$67,191$59,913$53,358$46,643
12 years$76,348$67,541$59,630$52,551$46,239$39,844
13 years$69,752$61,037$53,276$46,395$40,322$34,240
14 years$64,103$55,481$47,869$41,184$35,346$29,569
15 years$59,212$50,683$43,219$36,729$31,121$25,641
16 years$54,937$46,501$39,184$32,887$27,505$22,312
17 years$51,168$42,826$35,656$29,549$24,388$19,473
18 years$47,822$39,573$32,549$26,629$21,684$17,039
19 years$44,832$36,676$29,797$24,062$19,328$14,941
20 years$42,144$34,081$27,347$21,793$17,264$13,126
21 years$39,715$31,745$25,154$19,778$15,449$11,551
22 years$37,510$29,633$23,183$17,983$13,848$10,179
23 years$35,499$27,715$21,405$16,377$12,431$8,981
24 years$33,659$25,967$19,796$14,937$11,173$7,932
25 years$31,969$24,369$18,335$13,641$10,054$7,013
26 years$30,411$22,903$17,005$12,473$9,056$6,205
27 years$28,972$21,554$15,791$11,417$8,165$5,495
28 years$27,637$20,310$14,680$10,460$7,368$4,868
29 years$26,397$19,160$13,661$9,592$6,653$4,316
30 years$25,241$18,095$12,724$8,803$6,011$3,828
31 years$24,162$17,106$11,863$8,085$5,435$3,397
32 years$23,153$16,186$11,068$7,431$4,916$3,016
33 years$22,207$15,328$10,334$6,833$4,449$2,678
34 years$21,318$14,527$9,656$6,287$4,028$2,379
35 years$20,482$13,779$9,027$5,787$3,648$2,114
36 years$19,694$13,078$8,445$5,330$3,306$1,879
37 years$18,951$12,421$7,904$4,911$2,996$1,670
38 years$18,248$11,805$7,402$4,527$2,716$1,485
39 years$17,583$11,225$6,935$4,174$2,463$1,320
40 years$16,953$10,680$6,500$3,850$2,234$1,174
41 years$16,355$10,166$6,095$3,552$2,027$1,045
42 years$15,787$9,682$5,717$3,278$1,839$929
43 years$15,247$9,225$5,365$3,026$1,669$827
44 years$14,733$8,793$5,036$2,794$1,515$736
45 years$14,243$8,385$4,729$2,580$1,375$655
46 years$13,776$7,999$4,441$2,383$1,249$583
47 years$13,330$7,634$4,172$2,202$1,134$519
48 years$12,904$7,287$3,921$2,035$1,030$462
49 years$12,497$6,959$3,685$1,880$935$411
50 years$12,107$6,648$3,465$1,738$850$366

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 $5,042 every year, while hoping to spend $41,403 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: 51/42/7 Blend
29$12,400,000$12,400,000$12,400,000$12,400,000
30$13,670,001$13,012,801$12,820,601$14,343,110
31$15,020,288$13,606,376$13,206,038$15,395,092
32$16,506,918$14,227,648$13,603,001$16,533,150
33$18,143,752$14,877,931$14,011,830$17,769,269
34$19,946,067$15,558,602$14,432,878$19,112,667
35$21,930,694$16,271,102$14,866,509$20,573,466
36$24,116,184$17,016,945$15,313,095$22,162,784
37$26,522,972$17,797,713$15,773,021$23,892,833
38$29,173,581$18,615,067$16,246,684$25,777,031
39$32,092,829$19,470,747$16,734,490$27,830,121
40$35,308,061$20,366,578$17,236,859$30,068,308
41$38,849,413$21,304,469$17,754,223$32,509,401
42$42,750,090$22,286,425$18,287,027$35,172,978
43$47,046,684$23,314,545$18,835,727$38,080,561
44$51,779,518$24,391,030$19,400,796$41,255,816
45$56,993,024$25,518,186$19,982,718$44,724,768
46$62,736,166$26,698,430$20,581,992$48,516,035
47$69,062,898$27,934,296$21,199,132$52,661,096
48$76,032,678$29,228,441$21,834,667$57,194,575
49$83,711,024$30,583,648$22,489,142$62,154,560
50$92,170,137$32,002,835$23,163,116$67,582,956
51$101,489,577$33,489,060$23,857,167$73,525,868
52$111,757,020$35,045,531$24,571,889$80,034,026
53$123,069,081$36,675,606$25,307,892$87,163,255
54$135,532,227$38,382,810$26,065,805$94,974,989
55$149,263,782$40,170,836$26,846,277$103,536,841
56$164,393,034$42,043,553$27,649,974$112,923,228
57$181,062,457$44,005,021$28,477,582$123,216,059
58$199,429,052$46,059,492$29,329,806$134,505,499
59$219,665,835$48,211,427$30,207,374$146,890,803
60$241,963,463$50,465,499$31,111,034$160,481,238
61$266,532,038$52,826,610$32,041,555$175,397,101
62$293,603,089$55,299,897$32,999,730$191,770,837
63$323,431,757$57,890,746$33,986,374$209,748,272
64$356,299,207$60,604,802$35,002,328$229,489,975
65$392,515,274$63,447,986$36,048,454$251,172,750
66$432,421,397$66,426,502$37,125,643$274,991,292
67$476,393,836$69,546,858$38,234,808$301,159,999
68$524,847,226$72,815,872$39,376,893$329,914,977
69$578,238,490$76,240,696$40,552,866$361,516,248
70$637,071,153$79,828,828$41,763,724$396,250,178
71$701,900,097$83,588,127$43,010,495$434,432,159
72$773,336,795$87,526,833$44,294,235$476,409,559
73$852,055,088$91,653,587$45,616,031$522,564,975
74$938,797,541$95,977,447$46,977,002$573,319,817
75$1,034,382,458$100,507,911$48,378,300$629,138,256
76$1,139,711,606$105,254,935$49,821,110$690,531,574
77$1,255,778,724$110,228,961$51,306,652$758,062,964
78$1,383,678,909$115,440,935$52,836,180$832,352,804
79$1,524,618,952$120,902,335$54,410,985$914,084,487
80$1,679,928,730$126,625,194$56,032,398$1,004,010,827
81$1,851,073,763$132,622,131$57,701,786$1,102,961,136
82$2,039,669,046$138,906,375$59,420,555$1,211,849,004
83$2,247,494,300$145,491,799$61,190,155$1,331,680,887
84$2,476,510,769$152,392,947$63,012,075$1,463,565,559
85$2,728,879,736$159,625,071$64,887,849$1,608,724,537
86$3,006,982,933$167,204,162$66,819,055$1,768,503,559
87$3,313,445,015$175,146,990$68,807,317$1,944,385,243
88$3,651,158,349$183,471,134$70,854,304$2,138,003,022
89$4,023,310,314$192,195,034$72,961,737$2,351,156,517
90$4,433,413,395$201,338,019$75,131,384$2,585,828,458
91$4,885,338,341$210,920,362$77,365,065$2,844,203,349
92$5,383,350,710$220,963,318$79,664,653$3,128,688,019
93$5,932,151,138$231,489,177$82,032,075$3,441,934,279
94$6,536,919,718$242,521,310$84,469,313$3,786,863,887
95$7,203,364,901$254,084,226$86,978,408$4,166,696,053
96$7,937,777,394$266,203,626$89,561,457$4,584,977,754
97$8,747,089,543$278,906,458$92,220,620$5,045,617,140
98$9,638,940,784$292,220,983$94,958,119$5,552,920,338
99$10,621,749,768$306,176,835$97,776,240$6,111,632,020
100$11,704,793,835$320,805,090$100,677,334$6,726,980,099