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%14.9%
1 years$396,380$392,849$389,404$386,042$382,759$375,031
2 years$196,227$192,573$189,031$185,597$182,266$174,514
3 years$129,519$125,849$122,316$118,914$115,637$108,103
4 years$96,171$92,512$89,014$85,671$82,473$75,215
5 years$76,168$72,531$69,079$65,803$62,695$55,733
6 years$62,836$59,227$55,826$52,623$49,608$42,951
7 years$53,318$49,738$46,392$43,265$40,345$33,993
8 years$46,182$42,635$39,344$36,294$33,470$27,421
9 years$40,635$37,121$33,887$30,914$28,187$22,438
10 years$36,200$32,721$29,543$26,648$24,016$18,561
11 years$32,574$29,129$26,009$23,192$20,655$15,487
12 years$29,554$26,145$23,083$20,342$17,899$13,011
13 years$27,001$23,627$20,623$17,959$15,608$10,992
14 years$24,814$21,477$18,530$15,942$13,682$9,329
15 years$22,921$19,619$16,730$14,218$12,047$7,947
16 years$21,266$18,000$15,168$12,730$10,647$6,791
17 years$19,807$16,578$13,802$11,438$9,440$5,819
18 years$18,512$15,318$12,600$10,308$8,394$4,997
19 years$17,354$14,197$11,534$9,314$7,482$4,299
20 years$16,314$13,193$10,586$8,436$6,683$3,704
21 years$15,373$12,288$9,737$7,656$5,980$3,197
22 years$14,520$11,471$8,974$6,961$5,361$2,762
23 years$13,742$10,728$8,286$6,340$4,812$2,388
24 years$13,029$10,052$7,663$5,782$4,325$2,067
25 years$12,375$9,433$7,098$5,281$3,892$1,790
26 years$11,772$8,866$6,583$4,828$3,506$1,552
27 years$11,215$8,344$6,113$4,419$3,161$1,346
28 years$10,698$7,862$5,682$4,049$2,852$1,168
29 years$10,218$7,417$5,288$3,713$2,575$1,013
30 years$9,771$7,005$4,926$3,408$2,327$880
31 years$9,353$6,622$4,592$3,130$2,104$764
32 years$8,962$6,265$4,284$2,876$1,903$664
33 years$8,596$5,933$4,000$2,645$1,722$577
34 years$8,252$5,624$3,738$2,434$1,559$501
35 years$7,928$5,334$3,494$2,240$1,412$436
36 years$7,624$5,063$3,269$2,063$1,280$379
37 years$7,336$4,808$3,060$1,901$1,160$330
38 years$7,064$4,570$2,865$1,752$1,051$287
39 years$6,806$4,345$2,684$1,616$953$249
40 years$6,562$4,134$2,516$1,490$865$217
41 years$6,331$3,935$2,359$1,375$785$189
42 years$6,111$3,748$2,213$1,269$712$164
43 years$5,902$3,571$2,077$1,171$646$143
44 years$5,703$3,404$1,949$1,082$586$124
45 years$5,513$3,246$1,830$999$532$108
46 years$5,333$3,096$1,719$923$483$94
47 years$5,160$2,955$1,615$852$439$82
48 years$4,995$2,821$1,518$788$399$71
49 years$4,837$2,694$1,427$728$362$62
50 years$4,686$2,573$1,341$673$329$54

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 $6,093 every year, while hoping to spend $44,289 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: 54/30/16 Blend
29$4,800,000$4,800,000$4,800,000$4,800,000
30$5,295,885$5,041,485$4,967,085$5,558,915
31$5,788,942$5,241,395$5,086,359$5,938,972
32$6,330,807$5,449,615$5,208,145$6,347,202
33$6,926,410$5,666,508$5,332,479$6,790,564
34$7,581,186$5,892,449$5,459,399$7,272,418
35$8,301,120$6,127,831$5,588,942$7,796,455
36$9,092,806$6,373,068$5,721,143$8,366,735
37$9,963,512$6,628,587$5,856,041$8,987,723
38$10,921,241$6,894,839$5,993,669$9,664,330
39$11,974,814$7,172,293$6,134,064$10,401,960
40$13,133,950$7,461,439$6,277,259$11,206,554
41$14,409,355$7,762,792$6,423,290$12,084,653
42$15,812,827$8,076,887$6,572,188$13,043,451
43$17,357,365$8,404,284$6,723,986$14,090,865
44$19,057,293$8,745,571$6,878,716$15,235,609
45$20,928,392$9,101,359$7,036,408$16,487,271
46$22,988,051$9,472,289$7,197,091$17,856,408
47$25,255,432$9,859,031$7,360,794$19,354,636
48$27,751,648$10,262,285$7,527,542$20,994,745
49$30,499,963$10,682,784$7,697,361$22,790,814
50$33,526,012$11,121,293$7,870,276$24,758,342
51$36,858,042$11,578,613$8,046,307$26,914,394
52$40,527,179$12,055,581$8,225,475$29,277,761
53$44,567,721$12,553,075$8,407,798$31,869,131
54$49,017,461$13,072,008$8,593,292$34,711,284
55$53,918,046$13,613,340$8,781,971$37,829,309
56$59,315,365$14,178,073$8,973,846$41,250,831
57$65,259,988$14,767,254$9,168,925$45,006,273
58$71,807,638$15,381,981$9,367,215$49,129,142
59$79,019,719$16,023,399$9,568,719$53,656,340
60$86,963,895$16,692,710$9,773,435$58,628,510
61$95,714,728$17,391,169$9,981,361$64,090,417
62$105,354,382$18,120,088$10,192,488$70,091,368
63$115,973,399$18,880,842$10,406,806$76,685,673
64$127,671,550$19,674,868$10,624,299$83,933,155
65$140,558,782$20,503,670$10,844,947$91,899,710
66$154,756,251$21,368,824$11,068,726$100,657,927
67$170,397,467$22,271,974$11,295,607$110,287,771
68$187,629,553$23,214,845$11,525,554$120,877,327
69$206,614,636$24,199,241$11,758,529$132,523,636
70$227,531,374$25,227,049$11,994,484$145,333,599
71$250,576,643$26,300,243$12,233,368$159,424,988
72$275,967,397$27,420,892$12,475,123$174,927,548
73$303,942,714$28,591,158$12,719,682$191,984,221
74$334,766,053$29,813,307$12,966,973$210,752,486
75$368,727,740$31,089,708$13,216,916$231,405,843
76$406,147,708$32,422,843$13,469,422$254,135,447
77$447,378,520$33,815,308$13,724,393$279,151,899
78$492,808,693$35,269,822$13,981,724$306,687,239
79$542,866,367$36,789,230$14,241,299$336,997,120
80$598,023,346$38,376,511$14,502,992$370,363,220
81$658,799,552$40,034,785$14,766,667$407,095,894
82$725,767,932$41,767,316$15,032,176$447,537,096
83$799,559,868$43,577,521$15,299,361$492,063,597
84$880,871,135$45,468,981$15,568,050$541,090,538
85$970,468,471$47,445,440$15,838,060$595,075,339
86$1,069,196,812$49,510,824$16,109,192$654,522,006
87$1,177,987,271$51,669,239$16,381,234$719,985,884
88$1,297,865,927$53,924,986$16,653,960$792,078,890
89$1,429,963,511$56,282,569$16,927,127$871,475,276
90$1,575,526,079$58,746,705$17,200,475$958,917,987
91$1,735,926,777$61,322,332$17,473,729$1,055,225,665
92$1,912,678,803$64,014,620$17,746,594$1,161,300,362
93$2,107,449,692$66,828,988$18,018,755$1,278,136,048
94$2,322,077,057$69,771,105$18,289,880$1,406,827,981
95$2,558,585,939$72,846,912$18,559,614$1,548,583,033
96$2,819,207,924$76,062,629$18,827,580$1,704,731,073
97$3,106,402,208$79,424,773$19,093,379$1,876,737,503
98$3,422,878,813$82,940,167$19,356,587$2,066,217,084
99$3,771,624,174$86,615,958$19,616,755$2,274,949,157
100$4,155,929,332$90,459,631$19,873,409$2,504,894,434