Can I retire at age 30 with 4,800,000?

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 $4,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$396,380$392,849$389,404$386,042$382,759$380,826
2 years$196,227$192,573$189,031$185,597$182,266$180,315
3 years$129,519$125,849$122,316$118,914$115,637$113,729
4 years$96,171$92,512$89,014$85,671$82,473$80,622
5 years$76,168$72,531$69,079$65,803$62,695$60,907
6 years$62,836$59,227$55,826$52,623$49,608$47,885
7 years$53,318$49,738$46,392$43,265$40,345$38,687
8 years$46,182$42,635$39,344$36,294$33,470$31,879
9 years$40,635$37,121$33,887$30,914$28,187$26,661
10 years$36,200$32,721$29,543$26,648$24,016$22,556
11 years$32,574$29,129$26,009$23,192$20,655$19,258
12 years$29,554$26,145$23,083$20,342$17,899$16,565
13 years$27,001$23,627$20,623$17,959$15,608$14,336
14 years$24,814$21,477$18,530$15,942$13,682$12,470
15 years$22,921$19,619$16,730$14,218$12,047$10,893
16 years$21,266$18,000$15,168$12,730$10,647$9,550
17 years$19,807$16,578$13,802$11,438$9,440$8,399
18 years$18,512$15,318$12,600$10,308$8,394$7,406
19 years$17,354$14,197$11,534$9,314$7,482$6,546
20 years$16,314$13,193$10,586$8,436$6,683$5,797
21 years$15,373$12,288$9,737$7,656$5,980$5,143
22 years$14,520$11,471$8,974$6,961$5,361$4,569
23 years$13,742$10,728$8,286$6,340$4,812$4,065
24 years$13,029$10,052$7,663$5,782$4,325$3,621
25 years$12,375$9,433$7,098$5,281$3,892$3,229
26 years$11,772$8,866$6,583$4,828$3,506$2,881
27 years$11,215$8,344$6,113$4,419$3,161$2,574
28 years$10,698$7,862$5,682$4,049$2,852$2,301
29 years$10,218$7,417$5,288$3,713$2,575$2,058
30 years$9,771$7,005$4,926$3,408$2,327$1,841
31 years$9,353$6,622$4,592$3,130$2,104$1,649
32 years$8,962$6,265$4,284$2,876$1,903$1,477
33 years$8,596$5,933$4,000$2,645$1,722$1,324
34 years$8,252$5,624$3,738$2,434$1,559$1,187
35 years$7,928$5,334$3,494$2,240$1,412$1,064
36 years$7,624$5,063$3,269$2,063$1,280$955
37 years$7,336$4,808$3,060$1,901$1,160$856
38 years$7,064$4,570$2,865$1,752$1,051$769
39 years$6,806$4,345$2,684$1,616$953$690
40 years$6,562$4,134$2,516$1,490$865$619
41 years$6,331$3,935$2,359$1,375$785$556
42 years$6,111$3,748$2,213$1,269$712$500
43 years$5,902$3,571$2,077$1,171$646$449
44 years$5,703$3,404$1,949$1,082$586$403
45 years$5,513$3,246$1,830$999$532$362
46 years$5,333$3,096$1,719$923$483$325
47 years$5,160$2,955$1,615$852$439$292
48 years$4,995$2,821$1,518$788$399$263
49 years$4,837$2,694$1,427$728$362$236
50 years$4,686$2,573$1,341$673$329$212

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $4,800,000, adding $5,846 every year, while hoping to spend $47,194 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: 81/7/12 Blend
29$4,800,000$4,800,000$4,800,000$4,800,000
30$5,295,630$5,041,230$4,966,830$5,712,606
31$5,785,570$5,238,036$5,083,005$6,183,862
32$6,323,903$5,442,904$5,201,490$6,694,269
33$6,915,513$5,656,179$5,322,312$7,253,144
34$7,565,786$5,878,222$5,445,499$7,865,324
35$8,280,649$6,109,408$5,571,077$8,536,132
36$9,066,639$6,350,132$5,699,072$9,271,433
37$9,930,952$6,600,805$5,829,506$10,077,686
38$10,881,520$6,861,855$5,962,406$10,962,005
39$11,927,080$7,133,731$6,097,792$11,932,225
40$13,077,261$7,416,903$6,235,686$12,996,976
41$14,342,668$7,711,858$6,376,109$14,165,767
42$15,734,991$8,019,110$6,519,079$15,449,069
43$17,267,106$8,339,191$6,664,613$16,858,418
44$18,953,201$8,672,662$6,812,729$18,406,523
45$20,808,911$9,020,106$6,963,439$20,107,384
46$22,851,461$9,382,133$7,116,755$21,976,423
47$25,099,834$9,759,381$7,272,690$24,030,632
48$27,574,942$10,152,515$7,431,250$26,288,730
49$30,299,831$10,562,234$7,592,442$28,771,338
50$33,299,894$10,989,264$7,756,269$31,501,179
51$36,603,113$11,434,367$7,922,734$34,503,283
52$40,240,319$11,898,340$8,091,834$37,805,232
53$44,245,486$12,382,013$8,263,565$41,437,412
54$48,656,050$12,886,256$8,437,919$45,433,302
55$53,513,264$13,411,980$8,614,886$49,829,791
56$58,862,585$13,960,135$8,794,453$54,667,522
57$64,754,101$14,531,714$8,976,600$59,991,278
58$71,243,010$15,127,758$9,161,306$65,850,401
59$78,390,133$15,749,354$9,348,546$72,299,260
60$86,262,493$16,397,639$9,538,289$79,397,761
61$94,933,946$17,073,802$9,730,500$87,211,912
62$104,485,876$17,779,086$9,925,139$95,814,446
63$115,007,966$18,514,792$10,122,162$105,285,504
64$126,599,042$19,282,280$10,321,518$115,713,395
65$139,368,006$20,082,974$10,523,150$127,195,426
66$153,434,864$20,918,361$10,726,997$139,838,817
67$168,931,858$21,789,999$10,932,990$153,761,718
68$186,004,715$22,699,516$11,141,052$169,094,316
69$204,814,020$23,648,616$11,351,102$185,980,069
70$225,536,734$24,639,082$11,563,047$204,577,057
71$248,367,863$25,672,780$11,776,792$225,059,470
72$273,522,298$26,751,659$11,992,227$247,619,255
73$301,236,845$27,877,762$12,209,239$272,467,925
74$331,772,456$29,053,225$12,427,701$299,838,554
75$365,416,697$30,280,284$12,647,480$329,987,977
76$402,486,459$31,561,277$12,868,430$363,199,212
77$443,330,951$32,898,653$13,090,395$399,784,129
78$488,334,994$34,294,973$13,313,209$440,086,396
79$537,922,654$35,752,917$13,536,692$484,484,718
80$592,561,246$37,275,291$13,760,653$533,396,413
81$652,765,745$38,865,032$13,984,887$587,281,348
82$719,103,645$40,525,213$14,209,174$646,646,280
83$792,200,319$42,259,050$14,433,283$712,049,635
84$872,744,918$44,069,910$14,656,965$784,106,782
85$961,496,882$45,961,318$14,879,956$863,495,839
86$1,059,293,103$47,936,962$15,101,974$950,964,068
87$1,167,055,831$50,000,704$15,322,721$1,047,334,936
88$1,285,801,374$52,156,587$15,541,880$1,153,515,879
89$1,416,649,696$54,408,842$15,759,116$1,270,506,867
90$1,560,834,990$56,761,900$15,974,071$1,399,409,849
91$1,719,717,325$59,220,400$16,186,368$1,541,439,144
92$1,894,795,489$61,789,196$16,395,608$1,697,932,907
93$2,087,721,136$64,473,374$16,601,368$1,870,365,760
94$2,300,314,379$67,278,256$16,803,201$2,060,362,709
95$2,534,580,972$70,209,417$17,000,635$2,269,714,482
96$2,792,731,245$73,272,692$17,193,170$2,500,394,430
97$3,077,200,971$76,474,193$17,380,280$2,754,577,158
98$3,390,674,360$79,820,318$17,561,409$3,034,659,047
99$3,736,109,399$83,317,769$17,735,971$3,343,280,877
100$4,116,765,779$86,973,561$17,903,348$3,683,352,752