Can I retire at age 30 with 4,200,000?

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 $4,200,000?

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$346,832$343,743$340,729$337,787$334,914$321,499
2 years$171,699$168,501$165,402$162,397$159,483$146,136
3 years$113,329$110,117$107,026$104,050$101,182$88,324
4 years$84,150$80,948$77,888$74,962$72,164$59,892
5 years$66,647$63,464$60,444$57,578$54,858$43,203
6 years$54,982$51,823$48,848$46,046$43,407$32,377
7 years$46,653$43,521$40,593$37,857$35,302$24,892
8 years$40,409$37,306$34,426$31,757$29,286$19,486
9 years$35,556$32,481$29,651$27,050$24,663$15,457
10 years$31,675$28,631$25,850$23,317$21,014$12,385
11 years$28,502$25,488$22,758$20,293$18,073$10,000
12 years$25,860$22,877$20,197$17,800$15,662$8,123
13 years$23,626$20,674$18,045$15,714$13,657$6,629
14 years$21,712$18,792$16,214$13,950$11,972$5,431
15 years$20,056$17,167$14,639$12,441$10,541$4,463
16 years$18,608$15,750$13,272$11,139$9,316$3,677
17 years$17,331$14,505$12,077$10,008$8,260$3,035
18 years$16,198$13,404$11,025$9,020$7,345$2,509
19 years$15,185$12,422$10,093$8,150$6,547$2,078
20 years$14,274$11,543$9,263$7,381$5,847$1,722
21 years$13,452$10,752$8,520$6,699$5,233$1,429
22 years$12,705$10,037$7,852$6,091$4,690$1,186
23 years$12,024$9,387$7,250$5,547$4,210$985
24 years$11,401$8,795$6,705$5,059$3,784$819
25 years$10,828$8,254$6,210$4,621$3,405$681
26 years$10,301$7,757$5,760$4,225$3,067$567
27 years$9,813$7,301$5,348$3,867$2,766$472
28 years$9,361$6,879$4,972$3,543$2,495$392
29 years$8,941$6,490$4,627$3,249$2,253$327
30 years$8,549$6,129$4,310$2,982$2,036$272
31 years$8,184$5,794$4,018$2,739$1,841$227
32 years$7,842$5,482$3,749$2,517$1,665$189
33 years$7,522$5,192$3,500$2,314$1,507$157
34 years$7,221$4,921$3,270$2,129$1,364$131
35 years$6,937$4,667$3,058$1,960$1,236$109
36 years$6,671$4,430$2,860$1,805$1,120$91
37 years$6,419$4,207$2,677$1,663$1,015$76
38 years$6,181$3,998$2,507$1,533$920$63
39 years$5,956$3,802$2,349$1,414$834$53
40 years$5,742$3,617$2,202$1,304$757$44
41 years$5,540$3,443$2,064$1,203$687$36
42 years$5,347$3,279$1,937$1,110$623$30
43 years$5,164$3,125$1,817$1,025$565$25
44 years$4,990$2,978$1,706$946$513$21
45 years$4,824$2,840$1,602$874$466$18
46 years$4,666$2,709$1,504$807$423$15
47 years$4,515$2,586$1,413$746$384$12
48 years$4,371$2,468$1,328$689$349$10
49 years$4,233$2,357$1,248$637$317$8
50 years$4,101$2,252$1,174$589$288$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $4,200,000, adding $5,011 every year, while hoping to spend $50,487 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: 24/50/26 Blend
29$4,200,000$4,200,000$4,200,000$4,200,000
30$4,633,569$4,410,969$4,345,869$4,706,520
31$5,052,475$4,573,389$4,437,738$4,930,584
32$5,512,418$4,742,075$4,530,992$5,165,862
33$6,017,529$4,917,281$4,625,625$5,416,879
34$6,572,361$5,099,272$4,721,628$5,684,976
35$7,181,929$5,288,324$4,818,989$5,971,621
36$7,851,758$5,484,723$4,917,697$6,278,423
37$8,587,933$5,688,770$5,017,736$6,607,145
38$9,397,159$5,900,777$5,119,087$6,959,719
39$10,286,825$6,121,071$5,221,732$7,338,264
40$11,265,067$6,349,990$5,325,646$7,745,106
41$12,340,853$6,587,889$5,430,805$8,182,794
42$13,524,063$6,835,137$5,537,179$8,654,128
43$14,825,579$7,092,121$5,644,737$9,162,180
44$16,257,395$7,359,242$5,753,442$9,710,324
45$17,832,724$7,636,920$5,863,257$10,302,263
46$19,566,125$7,925,591$5,974,139$10,942,067
47$21,473,637$8,225,713$6,086,041$11,634,204
48$23,572,937$8,537,762$6,198,912$12,383,587
49$25,883,499$8,862,234$6,312,697$13,195,610
50$28,426,780$9,199,648$6,427,337$14,076,207
51$31,226,426$9,550,546$6,542,768$15,031,896
52$34,308,490$9,915,490$6,658,918$16,069,846
53$37,701,678$10,295,072$6,775,715$17,197,939
54$41,437,624$10,689,905$6,893,076$18,424,841
55$45,551,184$11,100,632$7,010,916$19,760,085
56$50,080,764$11,527,923$7,129,141$21,214,157
57$55,068,688$11,972,477$7,247,653$22,798,588
58$60,561,589$12,435,023$7,366,345$24,526,069
59$66,610,858$12,916,326$7,485,103$26,410,560
60$73,273,119$13,417,180$7,603,808$28,467,422
61$80,610,772$13,938,416$7,722,330$30,713,561
62$88,692,574$14,480,902$7,840,532$33,167,580
63$97,594,295$15,045,545$7,958,268$35,849,954
64$107,399,426$15,633,290$8,075,384$38,783,221
65$118,199,972$16,245,125$8,191,713$41,992,188
66$130,097,317$16,882,084$8,307,083$45,504,163
67$143,203,180$17,545,243$8,421,307$49,349,211
68$157,640,674$18,235,729$8,534,190$53,560,430
69$173,545,461$18,954,718$8,645,524$58,174,262
70$191,067,037$19,703,439$8,755,089$63,230,831
71$210,370,143$20,483,175$8,862,652$68,774,319
72$231,636,314$21,295,268$8,967,968$74,853,375
73$255,065,601$22,141,118$9,070,777$81,521,576
74$280,878,450$23,022,190$9,170,806$88,837,918
75$309,317,788$23,940,014$9,267,764$96,867,377
76$340,651,315$24,896,188$9,361,347$105,681,510
77$375,174,030$25,892,382$9,451,233$115,359,129
78$413,211,015$26,930,343$9,537,083$125,987,037
79$455,120,504$28,011,894$9,618,541$137,660,840
80$501,297,262$29,138,944$9,695,228$150,485,845
81$552,176,315$30,313,484$9,766,751$164,578,049
82$608,237,053$31,537,600$9,832,691$180,065,221
83$670,007,758$32,813,467$9,892,612$197,088,105
84$738,070,586$34,143,364$9,946,051$215,801,742
85$813,067,067$35,529,670$9,992,525$236,376,922
86$895,704,157$36,974,873$10,031,524$259,001,789
87$986,760,914$38,481,575$10,062,513$283,883,610
88$1,087,095,851$40,052,495$10,084,931$311,250,720
89$1,197,655,039$41,690,479$10,098,187$341,354,670
90$1,319,481,040$43,398,499$10,101,663$374,472,591
91$1,453,722,746$45,179,665$10,094,709$410,909,799
92$1,601,646,227$47,037,230$10,076,643$451,002,667
93$1,764,646,682$48,974,594$10,046,750$495,121,790
94$1,944,261,608$50,995,314$10,004,281$543,675,469
95$2,142,185,317$53,103,109$9,948,449$597,113,557
96$2,360,284,929$55,301,871$9,878,432$655,931,689
97$2,600,617,998$57,595,669$9,793,365$720,675,950
98$2,865,451,935$59,988,758$9,692,344$791,948,016
99$3,157,285,418$62,485,593$9,574,423$870,410,818
100$3,478,871,974$65,090,830$9,438,609$956,794,787