Can I retire at age 30 with 14,700,000?

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 $14,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$1,213,912$1,203,099$1,192,550$1,182,253$1,172,199$1,158,993
2 years$600,947$589,755$578,908$568,391$558,190$544,896
3 years$396,652$385,411$374,592$364,174$354,139$341,168
4 years$294,524$283,318$272,607$262,367$252,575$240,028
5 years$233,263$222,125$211,554$201,523$192,003$179,918
6 years$192,436$181,382$170,967$161,159$151,926$140,316
7 years$163,286$152,324$142,074$132,498$123,556$112,426
8 years$141,433$130,570$120,490$111,149$102,502$91,851
9 years$124,445$113,684$103,778$94,674$86,321$76,146
10 years$110,862$100,207$90,476$81,610$73,550$63,843
11 years$99,757$89,209$79,654$71,025$63,256$54,009
12 years$90,509$80,069$70,691$62,299$54,816$46,020
13 years$82,690$72,359$63,158$55,001$47,801$39,444
14 years$75,993$65,772$56,747$48,823$41,902$33,974
15 years$70,195$60,084$51,235$43,542$36,894$29,381
16 years$65,127$55,126$46,452$38,987$32,607$25,497
17 years$60,659$50,769$42,270$35,029$28,911$22,190
18 years$56,692$46,913$38,587$31,569$25,707$19,361
19 years$53,147$43,478$35,324$28,525$22,913$16,928
20 years$49,961$40,402$32,419$25,835$20,466$14,828
21 years$47,081$37,633$29,819$23,447$18,315$13,010
22 years$44,467$35,129$27,483$21,318$16,417$11,430
23 years$42,084$32,856$25,376$19,415$14,737$10,054
24 years$39,903$30,784$23,468$17,708$13,246$8,853
25 years$37,899$28,889$21,736$16,172$11,919$7,802
26 years$36,052$27,151$20,159$14,787$10,736$6,882
27 years$34,345$25,552$18,720$13,535$9,680$6,074
28 years$32,763$24,078$17,402$12,401$8,734$5,365
29 years$31,293$22,714$16,194$11,372$7,887$4,741
30 years$29,923$21,451$15,084$10,436$7,126$4,191
31 years$28,644$20,279$14,063$9,585$6,443$3,707
32 years$27,447$19,188$13,121$8,809$5,828$3,280
33 years$26,326$18,171$12,251$8,100$5,274$2,903
34 years$25,272$17,222$11,447$7,453$4,775$2,570
35 years$24,281$16,335$10,702$6,861$4,325$2,276
36 years$23,347$15,504$10,011$6,319$3,919$2,016
37 years$22,466$14,725$9,370$5,822$3,552$1,786
38 years$21,633$13,994$8,775$5,366$3,220$1,583
39 years$20,844$13,307$8,221$4,948$2,920$1,403
40 years$20,097$12,661$7,706$4,564$2,648$1,243
41 years$19,388$12,052$7,225$4,211$2,403$1,102
42 years$18,715$11,478$6,778$3,886$2,180$977
43 years$18,075$10,936$6,360$3,587$1,979$866
44 years$17,466$10,424$5,970$3,312$1,796$768
45 years$16,885$9,941$5,606$3,059$1,631$681
46 years$16,331$9,483$5,265$2,825$1,480$604
47 years$15,803$9,050$4,946$2,610$1,344$536
48 years$15,298$8,639$4,648$2,412$1,221$475
49 years$14,815$8,250$4,369$2,229$1,109$422
50 years$14,352$7,881$4,107$2,060$1,007$374

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $14,700,000, adding $6,336 every year, while hoping to spend $28,131 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: 65/5/30 Blend
29$14,700,000$14,700,000$14,700,000$14,700,000
30$16,205,936$15,426,836$15,198,986$17,129,380
31$17,829,010$16,152,819$15,678,220$18,481,526
32$19,616,695$16,913,434$16,172,567$19,955,285
33$21,585,751$17,710,345$16,682,501$21,565,700
34$23,754,648$18,545,302$17,208,515$23,326,244
35$26,143,738$19,420,138$17,751,116$25,251,749
36$28,775,447$20,336,773$18,310,827$27,358,543
37$31,674,490$21,297,222$18,888,187$29,664,600
38$34,868,100$22,303,597$19,483,752$32,189,711
39$38,386,286$23,358,114$20,098,098$34,955,668
40$42,262,119$24,463,093$20,731,816$37,986,462
41$46,532,040$25,620,970$21,385,518$41,308,516
42$51,236,208$26,834,297$22,059,832$44,950,923
43$56,418,875$28,105,751$22,755,410$48,945,723
44$62,128,806$29,438,139$23,472,922$53,328,203
45$68,419,738$30,834,402$24,213,059$58,137,223
46$75,350,891$32,297,627$24,976,536$63,415,584
47$82,987,519$33,831,048$25,764,088$69,210,428
48$91,401,536$35,438,059$26,576,474$75,573,678
49$100,672,184$37,122,215$27,414,477$82,562,526
50$110,886,791$38,887,248$28,278,906$90,239,971
51$122,141,588$40,737,068$29,170,594$98,675,407
52$134,542,621$42,675,775$30,090,401$107,945,277
53$148,206,752$44,707,671$31,039,212$118,133,787
54$163,262,758$46,837,265$32,017,943$129,333,705
55$179,852,553$49,069,284$33,027,538$141,647,220
56$198,132,522$51,408,688$34,068,969$155,186,916
57$218,275,001$53,860,675$35,143,241$170,076,820
58$240,469,901$56,430,698$36,251,390$186,453,572
59$264,926,502$59,124,474$37,394,483$204,467,712
60$291,875,430$61,947,998$38,573,623$224,285,093
61$321,570,831$64,907,557$39,789,946$246,088,441
62$354,292,773$68,009,744$41,044,626$270,079,079
63$390,349,886$71,261,472$42,338,872$296,478,818
64$430,082,281$74,669,992$43,673,931$325,532,045
65$473,864,757$78,242,904$45,051,091$357,508,027
66$522,110,340$81,988,184$46,471,679$392,703,444
67$575,274,180$85,914,190$47,937,066$431,445,185
68$633,857,852$90,029,691$49,448,663$474,093,425
69$698,414,088$94,343,881$51,007,929$521,045,021
70$769,551,997$98,866,403$52,616,366$572,737,248
71$847,942,812$103,607,368$54,275,526$629,651,924
72$934,326,230$108,577,381$55,987,008$692,319,946
73$1,029,517,394$113,787,561$57,752,461$761,326,294
74$1,134,414,589$119,249,572$59,573,589$837,315,551
75$1,250,007,719$124,975,644$61,452,147$920,997,972
76$1,377,387,659$130,978,602$63,389,946$1,013,156,183
77$1,517,756,545$137,271,899$65,388,854$1,114,652,562
78$1,672,439,132$143,869,641$67,450,800$1,226,437,365
79$1,842,895,292$150,786,622$69,577,770$1,349,557,695
80$2,030,733,802$158,038,357$71,771,816$1,485,167,366
81$2,237,727,531$165,641,118$74,035,053$1,634,537,795
82$2,465,830,175$173,611,968$76,369,663$1,799,069,986
83$2,717,194,703$181,968,805$78,777,897$1,980,307,748
84$2,994,193,684$190,730,397$81,262,078$2,179,952,257
85$3,299,441,681$199,916,429$83,824,599$2,399,878,099
86$3,635,819,943$209,547,544$86,467,933$2,642,150,962
87$4,006,503,596$219,645,392$89,194,628$2,909,047,115
88$4,414,991,627$230,232,681$92,007,312$3,203,074,890
89$4,865,139,915$241,333,224$94,908,699$3,526,998,342
90$5,361,197,630$252,971,996$97,901,585$3,883,863,331
91$5,907,847,356$265,175,192$100,988,855$4,277,026,258
92$6,510,249,293$277,970,283$104,173,488$4,710,185,741
93$7,174,089,975$291,386,080$107,458,554$5,187,417,507
94$7,905,635,956$305,452,802$110,847,220$5,713,212,858
95$8,711,792,975$320,202,141$114,342,753$6,292,521,048
96$9,600,171,148$335,667,335$117,948,525$6,930,795,992
97$10,579,156,816$351,883,246$121,668,011$7,634,047,735
98$11,657,991,721$368,886,434$125,504,799$8,408,899,166
99$12,846,860,255$386,715,248$129,462,588$9,262,648,524
100$14,156,985,610$405,409,905$133,545,194$10,203,338,276