Can I retire at age 30 with 4,700,000?

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 $4,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$388,122$384,664$381,291$377,999$374,785$364,101
2 years$192,139$188,561$185,093$181,730$178,469$167,788
3 years$126,821$123,227$119,767$116,436$113,228$102,885
4 years$94,168$90,585$87,160$83,886$80,755$70,830
5 years$74,581$71,019$67,640$64,432$61,389$51,908
6 years$61,527$57,993$54,663$51,527$48,575$39,547
7 years$52,207$48,702$45,425$42,363$39,504$30,929
8 years$45,220$41,747$38,524$35,538$32,773$24,646
9 years$39,788$36,348$33,181$30,270$27,599$19,913
10 years$35,446$32,039$28,928$26,093$23,516$16,260
11 years$31,895$28,522$25,468$22,709$20,225$13,386
12 years$28,938$25,600$22,602$19,919$17,526$11,093
13 years$26,438$23,135$20,193$17,585$15,283$9,240
14 years$24,297$21,029$18,144$15,610$13,397$7,730
15 years$22,443$19,211$16,381$13,922$11,796$6,489
16 years$20,823$17,625$14,852$12,465$10,425$5,463
17 years$19,394$16,232$13,515$11,200$9,244$4,610
18 years$18,126$14,999$12,337$10,093$8,219$3,898
19 years$16,993$13,901$11,294$9,120$7,326$3,301
20 years$15,974$12,918$10,365$8,260$6,544$2,800
21 years$15,053$12,032$9,534$7,497$5,856$2,378
22 years$14,217$11,232$8,787$6,816$5,249$2,021
23 years$13,455$10,505$8,113$6,208$4,712$1,719
24 years$12,758$9,842$7,503$5,662$4,235$1,463
25 years$12,117$9,237$6,950$5,171$3,811$1,246
26 years$11,527$8,681$6,445$4,728$3,433$1,062
27 years$10,981$8,170$5,985$4,327$3,095$906
28 years$10,475$7,698$5,564$3,965$2,793$772
29 years$10,005$7,262$5,178$3,636$2,522$659
30 years$9,567$6,859$4,823$3,337$2,278$562
31 years$9,158$6,484$4,496$3,065$2,060$480
32 years$8,776$6,135$4,195$2,816$1,863$410
33 years$8,417$5,810$3,917$2,590$1,686$350
34 years$8,080$5,506$3,660$2,383$1,527$299
35 years$7,763$5,223$3,422$2,194$1,383$255
36 years$7,465$4,957$3,201$2,020$1,253$218
37 years$7,183$4,708$2,996$1,861$1,136$186
38 years$6,917$4,474$2,806$1,716$1,030$159
39 years$6,664$4,255$2,629$1,582$934$136
40 years$6,426$4,048$2,464$1,459$847$116
41 years$6,199$3,853$2,310$1,346$768$99
42 years$5,984$3,670$2,167$1,242$697$85
43 years$5,779$3,497$2,033$1,147$633$72
44 years$5,584$3,333$1,909$1,059$574$62
45 years$5,399$3,178$1,792$978$521$53
46 years$5,222$3,032$1,683$903$473$45
47 years$5,053$2,893$1,581$835$430$39
48 years$4,891$2,762$1,486$771$390$33
49 years$4,737$2,638$1,397$713$355$28
50 years$4,589$2,520$1,313$659$322$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $4,700,000, adding $3,703 every year, while hoping to spend $59,030 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: 70/11/19 Blend
29$4,700,000$4,700,000$4,700,000$4,700,000
30$5,183,220$4,934,120$4,861,270$5,521,949
31$5,649,101$5,113,084$4,961,315$5,927,166
32$6,160,523$5,298,839$5,062,733$6,363,191
33$6,722,070$5,491,656$5,165,508$6,838,969
34$7,338,789$5,691,815$5,269,621$7,358,421
35$8,016,242$5,899,611$5,375,050$7,925,870
36$8,760,556$6,115,349$5,481,771$8,546,070
37$9,578,480$6,339,348$5,589,757$9,224,261
38$10,477,449$6,571,940$5,698,978$9,966,209
39$11,465,654$6,813,471$5,809,400$10,778,268
40$12,552,121$7,064,301$5,920,985$11,667,435
41$13,746,792$7,324,807$6,033,692$12,641,413
42$15,060,622$7,595,379$6,147,478$13,708,690
43$16,505,680$7,876,427$6,262,292$14,878,615
44$18,095,262$8,168,375$6,378,083$16,161,483
45$19,844,022$8,471,668$6,494,791$17,568,636
46$21,768,101$8,786,768$6,612,355$19,112,570
47$23,885,285$9,114,158$6,730,707$20,807,046
48$26,215,173$9,454,341$6,849,775$22,667,225
49$28,779,357$9,807,840$6,969,479$24,709,812
50$31,601,631$10,175,203$7,089,735$26,953,205
51$34,708,210$10,557,001$7,210,454$29,417,677
52$38,127,981$10,953,828$7,331,538$32,125,561
53$41,892,774$11,366,304$7,452,884$35,101,462
54$46,037,662$11,795,078$7,574,381$38,372,488
55$50,601,291$12,240,824$7,695,910$41,968,506
56$55,626,245$12,704,248$7,817,345$45,922,422
57$61,159,449$13,186,083$7,938,553$50,270,493
58$67,252,608$13,687,096$8,059,390$55,052,664
59$73,962,699$14,208,089$8,179,705$60,312,952
60$81,352,505$14,749,895$8,299,335$66,099,850
61$89,491,207$15,313,387$8,418,109$72,466,793
62$98,455,040$15,899,473$8,535,846$79,472,660
63$108,328,010$16,509,103$8,652,353$87,182,322
64$119,202,686$17,143,267$8,767,425$95,667,263
65$131,181,072$17,803,000$8,880,847$105,006,246
66$144,375,575$18,489,381$8,992,389$115,286,063
67$158,910,060$19,203,536$9,101,809$126,602,344
68$174,921,019$19,946,643$9,208,853$139,060,467
69$192,558,863$20,719,929$9,313,250$152,776,548
70$211,989,339$21,524,676$9,414,716$167,878,535
71$233,395,091$22,362,225$9,512,948$184,507,418
72$256,977,389$23,233,973$9,607,631$202,818,555
73$282,958,026$24,141,381$9,698,430$222,983,141
74$311,581,409$25,085,974$9,784,992$245,189,818
75$343,116,870$26,069,344$9,866,946$269,646,461
76$377,861,204$27,093,155$9,943,902$296,582,133
77$416,141,472$28,159,144$10,015,448$326,249,250
78$458,318,088$29,269,128$10,081,151$358,925,959
79$504,788,219$30,425,002$10,140,556$394,918,767
80$555,989,537$31,628,746$10,193,184$434,565,427
81$612,404,346$32,882,431$10,238,532$478,238,130
82$674,564,138$34,188,219$10,276,072$526,347,016
83$743,054,607$35,548,369$10,305,247$579,344,040
84$818,521,179$36,965,241$10,325,475$637,727,244
85$901,675,104$38,441,302$10,336,143$702,045,451
86$993,300,170$39,979,131$10,336,609$772,903,446
87$1,094,260,099$41,581,421$10,326,197$850,967,685
88$1,205,506,706$43,250,987$10,304,202$936,972,583
89$1,328,088,877$44,990,772$10,269,879$1,031,727,448
90$1,463,162,475$46,803,852$10,222,452$1,136,124,114
91$1,612,001,248$48,693,442$10,161,106$1,251,145,362
92$1,776,008,857$50,662,902$10,084,984$1,377,874,198
93$1,956,732,121$52,715,745$9,993,192$1,517,504,068
94$2,155,875,625$54,855,644$9,884,791$1,671,350,129
95$2,375,317,806$57,086,438$9,758,799$1,840,861,659
96$2,617,128,690$59,412,141$9,614,187$2,027,635,739
97$2,883,589,431$61,836,951$9,449,877$2,233,432,323
98$3,177,213,846$64,365,255$9,264,741$2,460,190,858
99$3,500,772,148$67,001,642$9,057,600$2,710,048,584
100$3,857,317,096$69,750,910$8,827,217$2,985,360,711