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

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 $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%15.8%
1 years$346,832$343,743$340,729$337,787$334,914$326,950
2 years$171,699$168,501$165,402$162,397$159,483$151,506
3 years$113,329$110,117$107,026$104,050$101,182$93,442
4 years$84,150$80,948$77,888$74,962$72,164$64,720
5 years$66,647$63,464$60,444$57,578$54,858$47,730
6 years$54,982$51,823$48,848$46,046$43,407$36,603
7 years$46,653$43,521$40,593$37,857$35,302$28,822
8 years$40,409$37,306$34,426$31,757$29,286$23,129
9 years$35,556$32,481$29,651$27,050$24,663$18,823
10 years$31,675$28,631$25,850$23,317$21,014$15,485
11 years$28,502$25,488$22,758$20,293$18,073$12,847
12 years$25,860$22,877$20,197$17,800$15,662$10,730
13 years$23,626$20,674$18,045$15,714$13,657$9,011
14 years$21,712$18,792$16,214$13,950$11,972$7,600
15 years$20,056$17,167$14,639$12,441$10,541$6,434
16 years$18,608$15,750$13,272$11,139$9,316$5,463
17 years$17,331$14,505$12,077$10,008$8,260$4,651
18 years$16,198$13,404$11,025$9,020$7,345$3,968
19 years$15,185$12,422$10,093$8,150$6,547$3,391
20 years$14,274$11,543$9,263$7,381$5,847$2,902
21 years$13,452$10,752$8,520$6,699$5,233$2,487
22 years$12,705$10,037$7,852$6,091$4,690$2,134
23 years$12,024$9,387$7,250$5,547$4,210$1,832
24 years$11,401$8,795$6,705$5,059$3,784$1,575
25 years$10,828$8,254$6,210$4,621$3,405$1,354
26 years$10,301$7,757$5,760$4,225$3,067$1,165
27 years$9,813$7,301$5,348$3,867$2,766$1,003
28 years$9,361$6,879$4,972$3,543$2,495$864
29 years$8,941$6,490$4,627$3,249$2,253$744
30 years$8,549$6,129$4,310$2,982$2,036$642
31 years$8,184$5,794$4,018$2,739$1,841$553
32 years$7,842$5,482$3,749$2,517$1,665$477
33 years$7,522$5,192$3,500$2,314$1,507$411
34 years$7,221$4,921$3,270$2,129$1,364$355
35 years$6,937$4,667$3,058$1,960$1,236$306
36 years$6,671$4,430$2,860$1,805$1,120$264
37 years$6,419$4,207$2,677$1,663$1,015$228
38 years$6,181$3,998$2,507$1,533$920$197
39 years$5,956$3,802$2,349$1,414$834$170
40 years$5,742$3,617$2,202$1,304$757$147
41 years$5,540$3,443$2,064$1,203$687$127
42 years$5,347$3,279$1,937$1,110$623$109
43 years$5,164$3,125$1,817$1,025$565$94
44 years$4,990$2,978$1,706$946$513$81
45 years$4,824$2,840$1,602$874$466$70
46 years$4,666$2,709$1,504$807$423$61
47 years$4,515$2,586$1,413$746$384$52
48 years$4,371$2,468$1,328$689$349$45
49 years$4,233$2,357$1,248$637$317$39
50 years$4,101$2,252$1,174$589$288$34

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 $6,035 every year, while hoping to spend $48,295 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: 57/35/8 Blend
29$4,200,000$4,200,000$4,200,000$4,200,000
30$4,634,625$4,412,025$4,346,925$4,889,987
31$5,055,971$4,576,829$4,441,162$5,227,442
32$5,518,676$4,748,089$4,536,936$5,589,009
33$6,026,907$4,926,072$4,634,250$5,981,772
34$6,585,256$5,111,053$4,733,101$6,408,716
35$7,198,780$5,303,323$4,833,488$6,873,125
36$7,873,050$5,503,180$4,935,405$7,378,608
37$8,614,206$5,710,941$5,038,846$7,929,137
38$9,429,011$5,926,933$5,143,802$8,529,080
39$10,324,914$6,151,496$5,250,264$9,183,240
40$11,310,125$6,384,989$5,358,217$9,896,905
41$12,393,687$6,627,784$5,467,647$10,675,890
42$13,585,566$6,880,268$5,578,536$11,526,597
43$14,896,740$7,142,847$5,690,863$12,456,068
44$16,339,305$7,415,944$5,804,604$13,472,055
45$17,926,589$7,700,000$5,919,734$14,583,091
46$19,673,277$7,995,476$6,036,221$15,798,566
47$21,595,550$8,302,854$6,154,033$17,128,818
48$23,711,237$8,622,634$6,273,134$18,585,227
49$26,039,981$8,955,340$6,393,482$20,180,322
50$28,603,428$9,301,521$6,515,032$21,927,896
51$31,425,429$9,661,747$6,637,737$23,843,137
52$34,532,264$10,036,614$6,761,543$25,942,768
53$37,952,891$10,426,745$6,886,391$28,245,202
54$41,719,221$10,832,790$7,012,220$30,770,717
55$45,866,412$11,255,428$7,138,960$33,541,642
56$50,433,210$11,695,367$7,266,539$36,582,568
57$55,462,307$12,153,350$7,394,877$39,920,578
58$61,000,746$12,630,148$7,523,890$43,585,499
59$67,100,366$13,126,569$7,653,484$47,610,182
60$73,818,291$13,643,458$7,783,563$52,030,810
61$81,217,464$14,181,695$7,914,020$56,887,237
62$89,367,249$14,742,202$8,044,744$62,223,362
63$98,344,079$15,325,941$8,175,613$68,087,538
64$108,232,179$15,933,915$8,306,500$74,533,029
65$119,124,360$16,567,176$8,437,266$81,618,508
66$131,122,898$17,226,821$8,567,768$89,408,610
67$144,340,494$17,913,995$8,697,848$97,974,536
68$158,901,341$18,629,897$8,827,343$107,394,722
69$174,942,295$19,375,780$8,956,076$117,755,579
70$192,614,166$20,152,950$9,083,862$129,152,301
71$212,083,143$20,962,777$9,210,503$141,689,766
72$233,532,359$21,806,688$9,335,790$155,483,513
73$257,163,621$22,686,178$9,459,501$170,660,838
74$283,199,318$23,602,808$9,581,402$187,361,985
75$311,884,514$24,558,211$9,701,244$205,741,467
76$343,489,264$25,554,093$9,818,766$225,969,524
77$378,311,164$26,592,238$9,933,689$248,233,718
78$416,678,155$27,674,511$10,045,720$272,740,705
79$458,951,627$28,802,861$10,154,552$299,718,178
80$505,529,820$29,979,329$10,259,856$329,417,010
81$556,851,590$31,206,044$10,361,290$362,113,618
82$613,400,549$32,485,237$10,458,490$398,112,569
83$675,709,630$33,819,239$10,551,075$437,749,442
84$744,366,118$35,210,487$10,638,641$481,393,998
85$820,017,191$36,661,530$10,720,765$529,453,657
86$903,376,035$38,175,035$10,797,000$582,377,341
87$995,228,568$39,753,790$10,866,878$640,659,704
88$1,096,440,868$41,400,712$10,929,904$704,845,793
89$1,207,967,341$43,118,851$10,985,560$775,536,187
90$1,330,859,733$44,911,398$11,033,300$853,392,657
91$1,466,277,060$46,781,691$11,072,550$939,144,407
92$1,615,496,548$48,733,222$11,102,708$1,033,594,946
93$1,779,925,690$50,769,643$11,123,143$1,137,629,666
94$1,961,115,532$52,894,777$11,133,189$1,252,224,190
95$2,160,775,316$55,112,621$11,132,151$1,378,453,573
96$2,380,788,617$57,427,359$11,119,297$1,517,502,440
97$2,623,231,123$59,843,366$11,093,861$1,670,676,157
98$2,890,390,230$62,365,223$11,055,037$1,839,413,145
99$3,184,786,636$64,997,722$11,001,983$2,025,298,447
100$3,509,198,138$67,745,875$10,933,815$2,230,078,677