Can I retire at age 30 with 16,800,000?

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 $16,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$1,387,328$1,374,971$1,362,914$1,351,146$1,339,656$1,314,220
2 years$686,796$674,005$661,609$649,590$637,931$612,404
3 years$453,316$440,470$428,105$416,198$404,730$379,907
4 years$336,599$323,792$311,551$299,847$288,657$264,730
5 years$266,587$253,857$241,776$230,312$219,432$196,470
6 years$219,927$207,293$195,391$184,182$173,629$151,656
7 years$186,612$174,085$162,371$151,426$141,207$120,229
8 years$161,637$149,223$137,703$127,028$117,145$97,156
9 years$142,223$129,925$118,604$108,199$98,653$79,641
10 years$126,700$114,523$103,402$93,269$84,057$66,004
11 years$114,008$101,953$91,033$81,172$72,292$55,177
12 years$103,439$91,507$80,790$71,199$62,647$46,446
13 years$94,503$82,696$72,180$62,858$54,629$39,316
14 years$86,849$75,168$64,854$55,798$47,888$33,435
15 years$80,223$68,668$58,555$49,762$42,164$28,542
16 years$74,430$63,001$53,088$44,557$37,265$24,442
17 years$69,325$58,022$48,308$40,034$33,041$20,988
18 years$64,791$53,615$44,099$36,078$29,379$18,062
19 years$60,740$49,690$40,371$32,600$26,186$15,574
20 years$57,098$46,174$37,050$29,526$23,390$13,451
21 years$53,807$43,009$34,079$26,796$20,931$11,633
22 years$50,820$40,148$31,409$24,364$18,762$10,074
23 years$48,096$37,549$29,001$22,189$16,842$8,732
24 years$45,603$35,181$26,821$20,237$15,138$7,575
25 years$43,313$33,016$24,841$18,482$13,622$6,577
26 years$41,203$31,029$23,039$16,899$12,270$5,714
27 years$39,252$29,202$21,394$15,468$11,062$4,967
28 years$37,444$27,517$19,888$14,172$9,982$4,320
29 years$35,763$25,959$18,508$12,996$9,013$3,759
30 years$34,198$24,516$17,239$11,927$8,144$3,272
31 years$32,736$23,176$16,072$10,954$7,363$2,849
32 years$31,368$21,929$14,995$10,067$6,660$2,481
33 years$30,086$20,767$14,001$9,258$6,028$2,162
34 years$28,882$19,682$13,082$8,518$5,457$1,884
35 years$27,750$18,668$12,231$7,841$4,943$1,642
36 years$26,682$17,719$11,441$7,221$4,479$1,431
37 years$25,675$16,829$10,709$6,654$4,059$1,247
38 years$24,723$15,994$10,028$6,133$3,680$1,088
39 years$23,822$15,208$9,396$5,655$3,337$948
40 years$22,968$14,469$8,807$5,216$3,027$827
41 years$22,158$13,774$8,258$4,812$2,746$721
42 years$21,389$13,117$7,746$4,441$2,492$629
43 years$20,657$12,498$7,269$4,100$2,261$549
44 years$19,961$11,913$6,823$3,785$2,053$479
45 years$19,297$11,361$6,406$3,496$1,863$418
46 years$18,664$10,838$6,017$3,229$1,692$364
47 years$18,060$10,342$5,653$2,983$1,536$318
48 years$17,483$9,873$5,312$2,757$1,395$277
49 years$16,931$9,428$4,993$2,548$1,267$242
50 years$16,403$9,006$4,694$2,355$1,151$211

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $16,800,000, adding $6,161 every year, while hoping to spend $33,271 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: 71/17/12 Blend
29$16,800,000$16,800,000$16,800,000$16,800,000
30$18,519,955$17,629,555$17,369,155$19,787,846
31$20,373,590$18,458,003$17,915,622$21,457,217
32$22,415,181$19,325,930$18,479,280$23,279,375
33$24,663,865$20,235,235$19,060,670$25,273,148
34$27,140,727$21,187,910$19,660,351$27,455,458
35$29,869,005$22,186,042$20,278,897$29,844,930
36$32,874,306$23,231,820$20,916,902$32,462,063
37$36,184,845$24,327,539$21,574,978$35,329,419
38$39,831,715$25,475,605$22,253,756$38,471,835
39$43,849,181$26,678,540$22,953,888$41,916,648
40$48,275,000$27,938,991$23,676,045$45,693,956
41$53,150,778$29,259,729$24,420,921$49,836,894
42$58,522,364$30,643,663$25,189,229$54,381,942
43$64,440,284$32,093,842$25,981,707$59,369,267
44$70,960,214$33,613,461$26,799,115$64,843,097
45$78,143,508$35,205,872$27,642,237$70,852,130
46$86,057,777$36,874,591$28,511,883$77,449,994
47$94,777,525$38,623,301$29,408,886$84,695,743
48$104,384,856$40,455,866$30,334,107$92,654,414
49$114,970,246$42,376,338$31,288,434$101,397,628
50$126,633,396$44,388,964$32,272,782$111,004,266
51$139,484,178$46,498,198$33,288,096$121,561,204
52$153,643,666$48,708,712$34,335,349$133,164,127
53$169,245,283$51,025,402$35,415,546$145,918,427
54$186,436,058$53,453,403$36,529,723$159,940,187
55$205,378,017$55,998,101$37,678,950$175,357,270
56$226,249,709$58,665,142$38,864,329$192,310,522
57$249,247,892$61,460,447$40,086,997$210,955,088
58$274,589,392$64,390,223$41,348,126$231,461,868
59$302,513,149$67,460,983$42,648,927$254,019,126
60$333,282,471$70,679,553$43,990,647$278,834,253
61$367,187,524$74,053,091$45,374,574$306,135,714
62$404,548,064$77,589,106$46,802,036$336,175,199
63$445,716,463$81,295,468$48,274,400$369,229,983
64$491,081,030$85,180,434$49,793,081$405,605,535
65$541,069,680$89,252,660$51,359,534$445,638,389
66$596,153,972$93,521,225$52,975,262$489,699,308
67$656,853,559$97,995,647$54,641,816$538,196,769
68$723,741,099$102,685,910$56,360,793$591,580,808
69$797,447,654$107,602,483$58,133,843$650,347,256
70$878,668,655$112,756,345$59,962,667$715,042,397
71$968,170,460$118,159,008$61,849,019$786,268,118
72$1,066,797,594$123,822,546$63,794,707$864,687,570
73$1,175,480,718$129,759,621$65,801,600$951,031,411
74$1,295,245,419$135,983,510$67,871,621$1,046,104,686
75$1,427,221,887$142,508,138$70,006,756$1,150,794,409
76$1,572,655,591$149,348,108$72,209,054$1,266,077,919
77$1,732,919,030$156,518,734$74,480,626$1,393,032,079
78$1,909,524,696$164,036,077$76,823,652$1,532,843,427
79$2,104,139,350$171,916,979$79,240,379$1,686,819,354
80$2,318,599,757$180,179,104$81,733,124$1,856,400,420
81$2,554,930,028$188,840,976$84,304,280$2,043,173,929
82$2,815,360,730$197,922,023$86,956,313$2,248,888,893
83$3,102,349,940$207,442,618$89,691,765$2,475,472,509
84$3,418,606,456$217,424,128$92,513,261$2,725,048,331
85$3,767,115,366$227,888,962$95,423,507$2,999,956,284
86$4,151,166,234$238,860,621$98,425,294$3,302,774,726
87$4,574,384,150$250,363,752$101,521,502$3,636,344,753
88$5,040,763,961$262,424,204$104,715,100$4,003,796,992
89$5,554,707,981$275,069,085$108,009,152$4,408,581,116
90$6,121,067,552$288,326,828$111,406,816$4,854,498,375
91$6,745,188,850$302,227,250$114,911,352$5,345,737,444
92$7,432,963,351$316,801,623$118,526,120$5,886,913,929
93$8,190,883,456$332,082,746$122,254,588$6,483,113,891
94$9,026,103,783$348,105,016$126,100,332$7,139,941,827
95$9,946,508,716$364,904,509$130,067,040$7,863,573,526
96$10,960,786,836$382,519,061$134,158,517$8,660,814,329
97$12,078,512,953$400,988,354$138,378,687$9,539,163,321
98$13,310,238,498$420,354,007$142,731,596$10,506,884,079
99$14,667,591,141$440,659,670$147,221,421$11,573,082,626
100$16,163,384,565$461,951,122$151,852,467$12,747,793,343