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

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 $4,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$388,122$384,664$381,291$377,999$374,785$360,342
2 years$192,139$188,561$185,093$181,730$178,469$164,090
3 years$126,821$123,227$119,767$116,436$113,228$99,366
4 years$94,168$90,585$87,160$83,886$80,755$67,515
5 years$74,581$71,019$67,640$64,432$61,389$48,805
6 years$61,527$57,993$54,663$51,527$48,575$36,656
7 years$52,207$48,702$45,425$42,363$39,504$28,246
8 years$45,220$41,747$38,524$35,538$32,773$22,165
9 years$39,788$36,348$33,181$30,270$27,599$17,626
10 years$35,446$32,039$28,928$26,093$23,516$14,158
11 years$31,895$28,522$25,468$22,709$20,225$11,461
12 years$28,938$25,600$22,602$19,919$17,526$9,335
13 years$26,438$23,135$20,193$17,585$15,283$7,640
14 years$24,297$21,029$18,144$15,610$13,397$6,276
15 years$22,443$19,211$16,381$13,922$11,796$5,172
16 years$20,823$17,625$14,852$12,465$10,425$4,274
17 years$19,394$16,232$13,515$11,200$9,244$3,538
18 years$18,126$14,999$12,337$10,093$8,219$2,934
19 years$16,993$13,901$11,294$9,120$7,326$2,437
20 years$15,974$12,918$10,365$8,260$6,544$2,026
21 years$15,053$12,032$9,534$7,497$5,856$1,686
22 years$14,217$11,232$8,787$6,816$5,249$1,404
23 years$13,455$10,505$8,113$6,208$4,712$1,170
24 years$12,758$9,842$7,503$5,662$4,235$976
25 years$12,117$9,237$6,950$5,171$3,811$814
26 years$11,527$8,681$6,445$4,728$3,433$679
27 years$10,981$8,170$5,985$4,327$3,095$567
28 years$10,475$7,698$5,564$3,965$2,793$474
29 years$10,005$7,262$5,178$3,636$2,522$396
30 years$9,567$6,859$4,823$3,337$2,278$330
31 years$9,158$6,484$4,496$3,065$2,060$276
32 years$8,776$6,135$4,195$2,816$1,863$231
33 years$8,417$5,810$3,917$2,590$1,686$193
34 years$8,080$5,506$3,660$2,383$1,527$161
35 years$7,763$5,223$3,422$2,194$1,383$135
36 years$7,465$4,957$3,201$2,020$1,253$113
37 years$7,183$4,708$2,996$1,861$1,136$94
38 years$6,917$4,474$2,806$1,716$1,030$79
39 years$6,664$4,255$2,629$1,582$934$66
40 years$6,426$4,048$2,464$1,459$847$55
41 years$6,199$3,853$2,310$1,346$768$46
42 years$5,984$3,670$2,167$1,242$697$38
43 years$5,779$3,497$2,033$1,147$633$32
44 years$5,584$3,333$1,909$1,059$574$27
45 years$5,399$3,178$1,792$978$521$22
46 years$5,222$3,032$1,683$903$473$19
47 years$5,053$2,893$1,581$835$430$16
48 years$4,891$2,762$1,486$771$390$13
49 years$4,737$2,638$1,397$713$355$11
50 years$4,589$2,520$1,313$659$322$9

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 $2,207 every year, while hoping to spend $51,339 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: 75/10/15 Blend
29$4,700,000$4,700,000$4,700,000$4,700,000
30$5,181,677$4,932,577$4,859,727$5,553,265
31$5,655,583$5,119,648$4,967,903$5,986,261
32$6,176,108$5,314,166$5,077,983$6,454,093
33$6,747,951$5,516,441$5,189,975$6,965,455
34$7,376,291$5,726,796$5,303,889$7,524,662
35$8,066,834$5,945,570$5,419,730$8,136,467
36$8,825,864$6,173,115$5,537,504$8,806,101
37$9,660,306$6,409,802$5,657,214$9,539,327
38$10,577,788$6,656,013$5,778,862$10,342,491
39$11,586,716$6,912,151$5,902,447$11,222,583
40$12,696,349$7,178,635$6,027,967$12,187,298
41$13,916,890$7,455,901$6,155,418$13,245,115
42$15,259,580$7,744,407$6,284,791$14,405,371
43$16,736,804$8,044,630$6,416,079$15,678,352
44$18,362,208$8,357,067$6,549,268$17,075,387
45$20,150,829$8,682,239$6,684,343$18,608,955
46$22,119,232$9,020,688$6,821,288$20,292,803
47$24,285,673$9,372,980$6,960,080$22,142,075
48$26,670,265$9,739,709$7,100,696$24,173,453
49$29,295,169$10,121,493$7,243,107$26,405,315
50$32,184,807$10,518,977$7,387,281$28,857,907
51$35,366,086$10,932,835$7,533,184$31,553,535
52$38,868,656$11,363,774$7,680,775$34,516,771
53$42,725,188$11,812,527$7,830,010$37,774,690
54$46,971,682$12,279,866$7,980,840$41,357,117
55$51,647,807$12,766,593$8,133,212$45,296,917
56$56,797,275$13,273,547$8,287,065$49,630,296
57$62,468,252$13,801,606$8,442,337$54,397,146
58$68,713,815$14,351,686$8,598,957$59,641,420
59$75,592,450$14,924,745$8,756,848$65,411,546
60$83,168,605$15,521,783$8,915,928$71,760,884
61$91,513,299$16,143,846$9,076,107$78,748,225
62$100,704,789$16,792,027$9,237,290$86,438,349
63$110,829,310$17,467,469$9,399,371$94,902,636
64$121,981,890$18,171,366$9,562,241$104,219,732
65$134,267,245$18,904,965$9,725,778$114,476,299
66$147,800,767$19,669,571$9,889,855$125,767,825
67$162,709,614$20,466,549$10,054,334$138,199,528
68$179,133,907$21,297,323$10,219,067$151,887,347
69$197,228,058$22,163,384$10,383,898$166,959,034
70$217,162,221$23,066,291$10,548,660$183,555,360
71$239,123,901$24,007,673$10,713,173$201,831,442
72$263,319,723$24,989,233$10,877,249$221,958,204
73$289,977,383$26,012,753$11,040,684$244,123,994
74$319,347,793$27,080,095$11,203,264$268,536,353
75$351,707,456$28,193,208$11,364,762$295,423,981
76$387,361,069$29,354,128$11,524,934$325,038,885
77$426,644,404$30,564,986$11,683,525$357,658,767
78$469,927,473$31,828,009$11,840,263$393,589,632
79$517,618,023$33,145,530$11,994,859$433,168,684
80$570,165,384$34,519,984$12,147,010$476,767,505
81$628,064,712$35,953,921$12,296,394$524,795,557
82$691,861,658$37,450,009$12,442,669$577,704,050
83$762,157,525$39,011,037$12,585,476$635,990,198
84$839,614,939$40,639,924$12,724,435$700,201,909
85$924,964,105$42,339,723$12,859,146$770,942,956
86$1,019,009,702$44,113,628$12,989,186$848,878,678
87$1,122,638,476$45,964,980$13,114,108$934,742,252
88$1,236,827,614$47,897,278$13,233,444$1,029,341,617
89$1,362,653,964$49,914,178$13,346,698$1,133,567,097
90$1,501,304,205$52,019,509$13,453,349$1,248,399,802
91$1,654,086,046$54,217,277$13,552,848$1,374,920,891
92$1,822,440,572$56,511,673$13,644,618$1,514,321,772
93$2,007,955,849$58,907,083$13,728,051$1,667,915,347
94$2,212,381,914$61,408,099$13,802,509$1,837,148,406
95$2,437,647,296$64,019,523$13,867,320$2,023,615,280
96$2,685,877,224$66,746,383$13,921,779$2,229,072,887
97$2,959,413,686$69,593,941$13,965,144$2,455,457,322
98$3,260,837,543$72,567,705$13,996,637$2,704,902,121
99$3,592,992,888$75,673,438$14,015,440$2,979,758,408
100$3,959,013,901$78,917,175$14,020,696$3,282,617,083