Can I retire at age 30 with 4,900,000?

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 $4,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$404,637$401,033$397,517$394,084$390,733$381,908
2 years$200,316$196,585$192,969$189,464$186,063$177,219
3 years$132,217$128,470$124,864$121,391$118,046$109,460
4 years$98,175$94,439$90,869$87,456$84,192$75,929
5 years$77,754$74,042$70,518$67,174$64,001$56,085
6 years$64,145$60,461$56,989$53,720$50,642$43,081
7 years$54,429$50,775$47,358$44,166$41,185$33,981
8 years$47,144$43,523$40,163$37,050$34,167$27,316
9 years$41,482$37,895$34,593$31,558$28,774$22,271
10 years$36,954$33,402$30,159$27,203$24,517$18,356
11 years$33,252$29,736$26,551$23,675$21,085$15,257
12 years$30,170$26,690$23,564$20,766$18,272$12,768
13 years$27,563$24,120$21,053$18,334$15,934$10,744
14 years$25,331$21,924$18,916$16,274$13,967$9,081
15 years$23,398$20,028$17,078$14,514$12,298$7,704
16 years$21,709$18,375$15,484$12,996$10,869$6,555
17 years$20,220$16,923$14,090$11,676$9,637$5,592
18 years$18,897$15,638$12,862$10,523$8,569$4,781
19 years$17,716$14,493$11,775$9,508$7,638$4,095
20 years$16,654$13,467$10,806$8,612$6,822$3,513
21 years$15,694$12,544$9,940$7,816$6,105$3,018
22 years$14,822$11,710$9,161$7,106$5,472$2,595
23 years$14,028$10,952$8,459$6,472$4,912$2,234
24 years$13,301$10,261$7,823$5,903$4,415$1,924
25 years$12,633$9,630$7,245$5,391$3,973$1,659
26 years$12,017$9,050$6,720$4,929$3,579$1,431
27 years$11,448$8,517$6,240$4,512$3,227$1,235
28 years$10,921$8,026$5,801$4,134$2,911$1,066
29 years$10,431$7,571$5,398$3,791$2,629$921
30 years$9,974$7,150$5,028$3,479$2,375$795
31 years$9,548$6,760$4,688$3,195$2,148$687
32 years$9,149$6,396$4,374$2,936$1,943$594
33 years$8,775$6,057$4,084$2,700$1,758$514
34 years$8,424$5,741$3,816$2,484$1,592$444
35 years$8,094$5,445$3,567$2,287$1,442$384
36 years$7,782$5,168$3,337$2,106$1,306$332
37 years$7,489$4,908$3,123$1,941$1,184$288
38 years$7,211$4,665$2,925$1,789$1,073$249
39 years$6,948$4,436$2,740$1,649$973$215
40 years$6,699$4,220$2,569$1,521$883$186
41 years$6,463$4,017$2,408$1,404$801$161
42 years$6,238$3,826$2,259$1,295$727$140
43 years$6,025$3,645$2,120$1,196$660$121
44 years$5,822$3,475$1,990$1,104$599$105
45 years$5,628$3,314$1,869$1,020$544$91
46 years$5,444$3,161$1,755$942$493$78
47 years$5,268$3,017$1,649$870$448$68
48 years$5,099$2,880$1,549$804$407$59
49 years$4,938$2,750$1,456$743$370$51
50 years$4,784$2,627$1,369$687$336$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $4,900,000, adding $4,234 every year, while hoping to spend $20,059 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: 61/18/21 Blend
29$4,900,000$4,900,000$4,900,000$4,900,000
30$5,404,167$5,144,467$5,068,517$5,703,872
31$5,934,050$5,375,204$5,216,970$6,137,864
32$6,517,308$5,616,574$5,369,724$6,608,723
33$7,159,365$5,869,077$5,526,901$7,122,171
34$7,866,197$6,133,239$5,688,629$7,682,353
35$8,644,387$6,409,606$5,855,036$8,293,826
36$9,501,192$6,698,754$6,026,257$8,961,604
37$10,444,606$7,001,285$6,202,429$9,691,207
38$11,483,438$7,317,830$6,383,693$10,488,705
39$12,627,396$7,649,051$6,570,194$11,360,780
40$13,887,176$7,995,640$6,762,081$12,314,785
41$15,274,565$8,358,324$6,959,507$13,358,816
42$16,802,550$8,737,862$7,162,631$14,501,779
43$18,485,445$9,135,051$7,371,614$15,753,482
44$20,339,020$9,550,728$7,586,622$17,124,720
45$22,380,652$9,985,767$7,807,827$18,627,379
46$24,629,494$10,441,084$8,035,404$20,274,541
47$27,106,647$10,917,642$8,269,534$22,080,615
48$29,835,365$11,416,447$8,510,404$24,061,461
49$32,841,274$11,938,554$8,758,204$26,234,548
50$36,152,610$12,485,069$9,013,130$28,619,107
51$39,800,491$13,057,152$9,275,384$31,236,319
52$43,819,205$13,656,017$9,545,174$34,109,508
53$48,246,539$14,282,937$9,822,712$37,264,362
54$53,124,131$14,939,245$10,108,218$40,729,169
55$58,497,865$15,626,341$10,401,916$44,535,088
56$64,418,305$16,345,689$10,704,038$48,716,435
57$70,941,170$17,098,826$11,014,821$53,311,007
58$78,127,861$17,887,361$11,334,510$58,360,437
59$86,046,042$18,712,980$11,663,354$63,910,582
60$94,770,275$19,577,453$12,001,614$70,011,955
61$104,382,727$20,482,632$12,349,552$76,720,197
62$114,973,945$21,430,461$12,707,441$84,096,602
63$126,643,708$22,422,974$13,075,562$92,208,690
64$139,501,974$23,462,307$13,454,200$101,130,839
65$153,669,912$24,550,697$13,843,653$110,944,991
66$169,281,049$25,690,488$14,244,222$121,741,413
67$186,482,533$26,884,138$14,656,219$133,619,553
68$205,436,514$28,134,223$15,079,965$146,688,967
69$226,321,683$29,443,445$15,515,789$161,070,357
70$249,334,955$30,814,634$15,964,028$176,896,701
71$274,693,327$32,250,758$16,425,030$194,314,504
72$302,635,929$33,754,927$16,899,151$213,485,179
73$333,426,278$35,330,403$17,386,757$234,586,564
74$367,354,769$36,980,604$17,888,224$257,814,595
75$404,741,416$38,709,114$18,403,940$283,385,151
76$445,938,869$40,519,689$18,934,300$311,536,088
77$491,335,748$42,416,268$19,479,714$342,529,476
78$541,360,308$44,402,980$20,040,598$376,654,067
79$596,484,486$46,484,152$20,617,385$414,228,017
80$657,228,351$48,664,322$21,210,514$455,601,880
81$724,165,017$50,948,248$21,820,440$501,161,911
82$797,926,053$53,340,917$22,447,630$551,333,708
83$879,207,445$55,847,557$23,092,560$606,586,217
84$968,776,167$58,473,649$23,755,723$667,436,155
85$1,067,477,419$61,224,942$24,437,624$734,452,878
86$1,176,242,611$64,107,459$25,138,779$808,263,748
87$1,296,098,152$67,127,519$25,859,722$889,560,046
88$1,428,175,139$70,291,743$26,600,999$979,103,488
89$1,573,720,041$73,607,076$27,363,170$1,077,733,408
90$1,734,106,460$77,080,798$28,146,811$1,186,374,670
91$1,910,848,104$80,720,542$28,952,514$1,306,046,387
92$2,105,613,073$84,534,311$29,780,886$1,437,871,534
93$2,320,239,611$88,530,497$30,632,550$1,583,087,534
94$2,556,753,457$92,717,896$31,508,146$1,743,057,930
95$2,817,386,971$97,105,735$32,408,331$1,919,285,245
96$3,104,600,211$101,703,684$33,333,778$2,113,425,150
97$3,421,104,153$106,521,886$34,285,181$2,327,302,085
98$3,769,886,292$111,570,974$35,263,250$2,562,926,464
99$4,154,238,838$116,862,096$36,268,713$2,822,513,643
100$4,577,789,805$122,406,944$37,302,320$3,108,504,813