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%15.7%
1 years$388,122$384,664$381,291$377,999$374,785$366,022
2 years$192,139$188,561$185,093$181,730$178,469$169,690
3 years$126,821$123,227$119,767$116,436$113,228$104,708
4 years$94,168$90,585$87,160$83,886$80,755$72,559
5 years$74,581$71,019$67,640$64,432$61,389$53,540
6 years$61,527$57,993$54,663$51,527$48,575$41,081
7 years$52,207$48,702$45,425$42,363$39,504$32,367
8 years$45,220$41,747$38,524$35,538$32,773$25,988
9 years$39,788$36,348$33,181$30,270$27,599$21,163
10 years$35,446$32,039$28,928$26,093$23,516$17,421
11 years$31,895$28,522$25,468$22,709$20,225$14,462
12 years$28,938$25,600$22,602$19,919$17,526$12,087
13 years$26,438$23,135$20,193$17,585$15,283$10,157
14 years$24,297$21,029$18,144$15,610$13,397$8,573
15 years$22,443$19,211$16,381$13,922$11,796$7,263
16 years$20,823$17,625$14,852$12,465$10,425$6,171
17 years$19,394$16,232$13,515$11,200$9,244$5,257
18 years$18,126$14,999$12,337$10,093$8,219$4,488
19 years$16,993$13,901$11,294$9,120$7,326$3,838
20 years$15,974$12,918$10,365$8,260$6,544$3,288
21 years$15,053$12,032$9,534$7,497$5,856$2,820
22 years$14,217$11,232$8,787$6,816$5,249$2,421
23 years$13,455$10,505$8,113$6,208$4,712$2,081
24 years$12,758$9,842$7,503$5,662$4,235$1,789
25 years$12,117$9,237$6,950$5,171$3,811$1,540
26 years$11,527$8,681$6,445$4,728$3,433$1,326
27 years$10,981$8,170$5,985$4,327$3,095$1,143
28 years$10,475$7,698$5,564$3,965$2,793$985
29 years$10,005$7,262$5,178$3,636$2,522$849
30 years$9,567$6,859$4,823$3,337$2,278$733
31 years$9,158$6,484$4,496$3,065$2,060$632
32 years$8,776$6,135$4,195$2,816$1,863$546
33 years$8,417$5,810$3,917$2,590$1,686$471
34 years$8,080$5,506$3,660$2,383$1,527$407
35 years$7,763$5,223$3,422$2,194$1,383$351
36 years$7,465$4,957$3,201$2,020$1,253$303
37 years$7,183$4,708$2,996$1,861$1,136$262
38 years$6,917$4,474$2,806$1,716$1,030$226
39 years$6,664$4,255$2,629$1,582$934$195
40 years$6,426$4,048$2,464$1,459$847$169
41 years$6,199$3,853$2,310$1,346$768$146
42 years$5,984$3,670$2,167$1,242$697$126
43 years$5,779$3,497$2,033$1,147$633$109
44 years$5,584$3,333$1,909$1,059$574$94
45 years$5,399$3,178$1,792$978$521$81
46 years$5,222$3,032$1,683$903$473$70
47 years$5,053$2,893$1,581$835$430$61
48 years$4,891$2,762$1,486$771$390$52
49 years$4,737$2,638$1,397$713$355$45
50 years$4,589$2,520$1,313$659$322$39

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 $5,588 every year, while hoping to spend $48,541 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: 36/47/17 Blend
29$4,700,000$4,700,000$4,700,000$4,700,000
30$5,185,164$4,936,064$4,863,214$5,344,751
31$5,662,404$5,126,284$4,974,484$5,651,173
32$6,186,695$5,324,198$5,087,856$5,976,772
33$6,762,785$5,530,131$5,203,346$6,327,251
34$7,395,906$5,744,424$5,320,975$6,704,856
35$8,091,820$5,967,432$5,440,759$7,112,050
36$8,856,875$6,199,526$5,562,714$7,551,540
37$9,698,065$6,441,092$5,686,855$8,026,292
38$10,623,098$6,692,536$5,813,194$8,539,565
39$11,640,463$6,954,279$5,941,745$9,094,939
40$12,759,514$7,226,762$6,072,517$9,696,344
41$13,990,557$7,510,446$6,205,519$10,348,097
42$15,344,948$7,805,813$6,340,759$11,054,942
43$16,835,199$8,113,364$6,478,240$11,822,090
44$18,475,095$8,433,624$6,617,967$12,655,272
45$20,279,826$8,767,143$6,759,940$13,560,783
46$22,266,128$9,114,492$6,904,157$14,545,545
47$24,452,442$9,476,271$7,050,616$15,617,169
48$26,859,088$9,853,106$7,199,308$16,784,023
49$29,508,455$10,245,648$7,350,225$18,055,311
50$32,425,214$10,654,582$7,503,355$19,441,155
51$35,636,551$11,080,621$7,658,682$20,952,688
52$39,172,418$11,524,511$7,816,187$22,602,160
53$43,065,824$11,987,031$7,975,848$24,403,044
54$47,353,138$12,468,996$8,137,640$26,370,167
55$52,074,439$12,971,257$8,301,531$28,519,843
56$57,273,887$13,494,704$8,467,487$30,870,025
57$63,000,146$14,040,267$8,635,471$33,440,471
58$69,306,840$14,608,919$8,805,439$36,252,926
59$76,253,059$15,201,677$8,977,341$39,331,325
60$83,903,914$15,819,603$9,151,126$42,702,015
61$92,331,158$16,463,808$9,326,733$46,393,999
62$101,613,855$17,135,453$9,504,098$50,439,204
63$111,839,133$17,835,755$9,683,149$54,872,783
64$123,102,999$18,565,982$9,863,810$59,733,436
65$135,511,253$19,327,463$10,045,995$65,063,777
66$149,180,479$20,121,587$10,229,614$70,910,725
67$164,239,148$20,949,805$10,414,567$77,325,948
68$180,828,833$21,813,638$10,600,747$84,366,339
69$199,105,541$22,714,673$10,788,039$92,094,554
70$219,241,186$23,654,572$10,976,318$100,579,591
71$241,425,214$24,635,072$11,165,451$109,897,441
72$265,866,388$25,657,992$11,355,296$120,131,797
73$292,794,759$26,725,233$11,545,698$131,374,834
74$322,463,838$27,838,784$11,736,493$143,728,079
75$355,152,991$29,000,726$11,927,506$157,303,356
76$391,170,069$30,213,234$12,118,550$172,223,836
77$430,854,320$31,478,587$12,309,426$188,625,195
78$474,579,589$32,799,166$12,499,921$206,656,881
79$522,757,847$34,177,465$12,689,808$226,483,522
80$575,843,078$35,616,092$12,878,847$248,286,466
81$634,335,567$37,117,774$13,066,783$272,265,487
82$698,786,618$38,685,369$13,253,344$298,640,659
83$769,803,765$40,321,865$13,438,243$327,654,427
84$848,056,500$42,030,387$13,621,175$359,573,879
85$934,282,596$43,814,208$13,801,817$394,693,262
86$1,029,295,069$45,676,753$13,979,827$433,336,745
87$1,133,989,858$47,621,606$14,154,843$475,861,468
88$1,249,354,276$49,652,517$14,326,482$522,660,901
89$1,376,476,335$51,773,413$14,494,342$574,168,545
90$1,516,555,013$53,988,402$14,657,994$630,862,010
91$1,670,911,576$56,301,785$14,816,989$693,267,512
92$1,841,002,049$58,718,065$14,970,850$761,964,820
93$2,028,430,962$61,241,954$15,119,077$837,592,719
94$2,234,966,494$63,878,384$15,261,141$920,855,023
95$2,462,557,172$66,632,520$15,396,484$1,012,527,199
96$2,713,350,257$69,509,767$15,524,520$1,113,463,671
97$2,989,712,023$72,515,786$15,644,632$1,224,605,871
98$3,294,250,091$75,656,501$15,756,168$1,346,991,101
99$3,629,838,046$78,938,115$15,858,445$1,481,762,308
100$3,999,642,567$82,367,123$15,950,744$1,630,178,856