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%17.7%
1 years$388,122$384,664$381,291$377,999$374,785$363,078
2 years$192,139$188,561$185,093$181,730$178,469$166,779
3 years$126,821$123,227$119,767$116,436$113,228$101,922
4 years$94,168$90,585$87,160$83,886$80,755$69,919
5 years$74,581$71,019$67,640$64,432$61,389$51,052
6 years$61,527$57,993$54,663$51,527$48,575$38,746
7 years$52,207$48,702$45,425$42,363$39,504$30,182
8 years$45,220$41,747$38,524$35,538$32,773$23,952
9 years$39,788$36,348$33,181$30,270$27,599$19,270
10 years$35,446$32,039$28,928$26,093$23,516$15,666
11 years$31,895$28,522$25,468$22,709$20,225$12,839
12 years$28,938$25,600$22,602$19,919$17,526$10,590
13 years$26,438$23,135$20,193$17,585$15,283$8,780
14 years$24,297$21,029$18,144$15,610$13,397$7,309
15 years$22,443$19,211$16,381$13,922$11,796$6,106
16 years$20,823$17,625$14,852$12,465$10,425$5,115
17 years$19,394$16,232$13,515$11,200$9,244$4,294
18 years$18,126$14,999$12,337$10,093$8,219$3,612
19 years$16,993$13,901$11,294$9,120$7,326$3,043
20 years$15,974$12,918$10,365$8,260$6,544$2,567
21 years$15,053$12,032$9,534$7,497$5,856$2,168
22 years$14,217$11,232$8,787$6,816$5,249$1,833
23 years$13,455$10,505$8,113$6,208$4,712$1,550
24 years$12,758$9,842$7,503$5,662$4,235$1,313
25 years$12,117$9,237$6,950$5,171$3,811$1,112
26 years$11,527$8,681$6,445$4,728$3,433$942
27 years$10,981$8,170$5,985$4,327$3,095$799
28 years$10,475$7,698$5,564$3,965$2,793$677
29 years$10,005$7,262$5,178$3,636$2,522$575
30 years$9,567$6,859$4,823$3,337$2,278$487
31 years$9,158$6,484$4,496$3,065$2,060$414
32 years$8,776$6,135$4,195$2,816$1,863$351
33 years$8,417$5,810$3,917$2,590$1,686$298
34 years$8,080$5,506$3,660$2,383$1,527$253
35 years$7,763$5,223$3,422$2,194$1,383$215
36 years$7,465$4,957$3,201$2,020$1,253$182
37 years$7,183$4,708$2,996$1,861$1,136$155
38 years$6,917$4,474$2,806$1,716$1,030$132
39 years$6,664$4,255$2,629$1,582$934$112
40 years$6,426$4,048$2,464$1,459$847$95
41 years$6,199$3,853$2,310$1,346$768$81
42 years$5,984$3,670$2,167$1,242$697$69
43 years$5,779$3,497$2,033$1,147$633$58
44 years$5,584$3,333$1,909$1,059$574$49
45 years$5,399$3,178$1,792$978$521$42
46 years$5,222$3,032$1,683$903$473$36
47 years$5,053$2,893$1,581$835$430$30
48 years$4,891$2,762$1,486$771$390$26
49 years$4,737$2,638$1,397$713$355$22
50 years$4,589$2,520$1,313$659$322$19

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 $6,819 every year, while hoping to spend $24,340 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: 46/38/16 Blend
29$4,700,000$4,700,000$4,700,000$4,700,000
30$5,186,434$4,937,334$4,864,484$5,401,119
31$5,689,552$5,153,366$5,001,546$5,767,274
32$6,243,173$5,379,167$5,142,385$6,161,272
33$6,852,422$5,615,192$5,287,100$6,588,186
34$7,522,947$5,861,913$5,435,795$7,051,086
35$8,260,969$6,119,829$5,588,576$7,553,342
36$9,073,346$6,389,459$5,745,552$8,098,655
37$9,967,633$6,671,348$5,906,833$8,691,091
38$10,952,155$6,966,067$6,072,536$9,335,116
39$12,036,085$7,274,214$6,242,775$10,035,638
40$13,229,529$7,596,415$6,417,672$10,798,049
41$14,543,627$7,933,325$6,597,350$11,628,279
42$15,990,650$8,285,631$6,781,934$12,532,842
43$17,584,122$8,654,052$6,971,555$13,518,902
44$19,338,945$9,039,343$7,166,344$14,594,335
45$21,271,538$9,442,292$7,366,438$15,767,803
46$23,399,997$9,863,727$7,571,976$17,048,831
47$25,744,260$10,304,512$7,783,100$18,447,894
48$28,326,298$10,765,556$7,999,957$19,976,517
49$31,170,321$11,247,810$8,222,696$21,647,375
50$34,303,009$11,752,268$8,451,472$23,474,416
51$37,753,761$12,279,973$8,686,441$25,472,984
52$41,554,972$12,832,020$8,927,765$27,659,963
53$45,742,343$13,409,552$9,175,608$30,053,935
54$50,355,211$14,013,769$9,430,140$32,675,347
55$55,436,927$14,645,929$9,691,534$35,546,704
56$61,035,261$15,307,346$9,959,968$38,692,776
57$67,202,853$15,999,402$10,235,622$42,140,827
58$73,997,713$16,723,542$10,518,684$45,920,870
59$81,483,763$17,481,279$10,809,344$50,065,946
60$89,731,447$18,274,202$11,107,797$54,612,426
61$98,818,390$19,103,972$11,414,243$59,600,358
62$108,830,132$19,972,333$11,728,887$65,073,833
63$119,860,938$20,881,110$12,051,937$71,081,397
64$132,014,685$21,832,216$12,383,609$77,676,505
65$145,405,845$22,827,657$12,724,121$84,918,022
66$160,160,561$23,869,532$13,073,699$92,870,768
67$176,417,842$24,960,043$13,432,573$101,606,123
68$194,330,875$26,101,499$13,800,977$111,202,701
69$214,068,468$27,296,315$14,179,153$121,747,076
70$235,816,644$28,547,027$14,567,347$133,334,600
71$259,780,399$29,856,289$14,965,810$146,070,289
72$286,185,637$31,226,884$15,374,802$160,069,809
73$315,281,299$32,661,729$15,794,586$175,460,562
74$347,341,719$34,163,880$16,225,431$192,382,875
75$382,669,205$35,736,541$16,667,614$210,991,317
76$421,596,902$37,383,070$17,121,417$231,456,152
77$464,491,930$39,106,984$17,587,128$253,964,930
78$511,758,853$40,911,973$18,065,044$278,724,252
79$563,843,499$42,801,902$18,555,465$305,961,708
80$621,237,163$44,780,823$19,058,700$335,928,013
81$684,481,252$46,852,981$19,575,065$368,899,361
82$754,172,392$49,022,830$20,104,883$405,180,022
83$830,968,061$51,295,034$20,648,481$445,105,200
84$915,592,796$53,674,483$21,206,198$489,044,181
85$1,008,845,033$56,166,304$21,778,377$537,403,809
86$1,111,604,643$58,775,870$22,365,370$590,632,310
87$1,224,841,243$61,508,814$22,967,536$649,223,506
88$1,349,623,343$64,371,039$23,585,242$713,721,460
89$1,487,128,438$67,368,734$24,218,861$784,725,598
90$1,638,654,124$70,508,387$24,868,778$862,896,347
91$1,805,630,345$73,796,799$25,535,383$948,961,350
92$1,989,632,896$77,241,098$26,219,074$1,043,722,317
93$2,192,398,297$80,848,757$26,920,259$1,148,062,571
94$2,415,840,189$84,627,612$27,639,353$1,262,955,366
95$2,662,067,397$88,585,874$28,376,781$1,389,473,055
96$2,933,403,844$92,732,154$29,132,975$1,528,797,181
97$3,232,410,483$97,075,477$29,908,377$1,682,229,617
98$3,561,909,482$101,625,305$30,703,437$1,851,204,821
99$3,925,010,863$106,391,559$31,518,616$2,037,303,357
100$4,325,141,863$111,384,637$32,354,381$2,242,266,783