Can I retire at age 30 with 5,600,000?

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 $5,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$462,443$458,324$454,305$450,382$446,552$429,173
2 years$228,932$224,668$220,536$216,530$212,644$195,345
3 years$151,105$146,823$142,702$138,733$134,910$118,236
4 years$112,200$107,931$103,850$99,949$96,219$80,296
5 years$88,862$84,619$80,592$76,771$73,144$58,013
6 years$73,309$69,098$65,130$61,394$57,876$43,548
7 years$62,204$58,028$54,124$50,475$47,069$33,538
8 years$53,879$49,741$45,901$42,343$39,048$26,301
9 years$47,408$43,308$39,535$36,066$32,884$20,902
10 years$42,233$38,174$34,467$31,090$28,019$16,780
11 years$38,003$33,984$30,344$27,057$24,097$13,575
12 years$34,480$30,502$26,930$23,733$20,882$11,049
13 years$31,501$27,565$24,060$20,953$18,210$9,036
14 years$28,950$25,056$21,618$18,599$15,963$7,418
15 years$26,741$22,889$19,518$16,587$14,055$6,109
16 years$24,810$21,000$17,696$14,852$12,422$5,044
17 years$23,108$19,341$16,103$13,345$11,014$4,173
18 years$21,597$17,872$14,700$12,026$9,793$3,458
19 years$20,247$16,563$13,457$10,867$8,729$2,869
20 years$19,033$15,391$12,350$9,842$7,797$2,384
21 years$17,936$14,336$11,360$8,932$6,977$1,982
22 years$16,940$13,383$10,470$8,121$6,254$1,650
23 years$16,032$12,516$9,667$7,396$5,614$1,374
24 years$15,201$11,727$8,940$6,746$5,046$1,145
25 years$14,438$11,005$8,280$6,161$4,541$954
26 years$13,734$10,343$7,680$5,633$4,090$796
27 years$13,084$9,734$7,131$5,156$3,687$664
28 years$12,481$9,172$6,629$4,724$3,327$554
29 years$11,921$8,653$6,169$4,332$3,004$462
30 years$11,399$8,172$5,746$3,976$2,715$386
31 years$10,912$7,725$5,357$3,651$2,454$322
32 years$10,456$7,310$4,998$3,356$2,220$269
33 years$10,029$6,922$4,667$3,086$2,009$224
34 years$9,627$6,561$4,361$2,839$1,819$187
35 years$9,250$6,223$4,077$2,614$1,648$157
36 years$8,894$5,906$3,814$2,407$1,493$131
37 years$8,558$5,610$3,570$2,218$1,353$109
38 years$8,241$5,331$3,343$2,044$1,227$91
39 years$7,941$5,069$3,132$1,885$1,112$76
40 years$7,656$4,823$2,936$1,739$1,009$64
41 years$7,386$4,591$2,753$1,604$915$53
42 years$7,130$4,372$2,582$1,480$831$44
43 years$6,886$4,166$2,423$1,367$754$37
44 years$6,654$3,971$2,274$1,262$684$31
45 years$6,432$3,787$2,135$1,165$621$26
46 years$6,221$3,613$2,006$1,076$564$22
47 years$6,020$3,447$1,884$994$512$18
48 years$5,828$3,291$1,771$919$465$15
49 years$5,644$3,143$1,664$849$422$13
50 years$5,468$3,002$1,565$785$384$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $5,600,000, adding $5,510 every year, while hoping to spend $45,549 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: 73/22/5 Blend
29$5,600,000$5,600,000$5,600,000$5,600,000
30$6,176,884$5,880,084$5,793,284$6,624,935
31$6,758,462$6,119,744$5,938,895$7,160,331
32$7,397,835$6,369,621$6,087,857$7,740,178
33$8,100,849$6,630,167$6,240,235$8,373,865
34$8,873,946$6,901,856$6,396,094$9,066,686
35$9,724,223$7,185,182$6,555,498$9,824,469
36$10,659,501$7,480,663$6,718,514$10,653,628
37$11,688,394$7,788,840$6,885,209$11,561,221
38$12,820,396$8,110,278$7,055,649$12,555,020
39$14,065,965$8,445,570$7,229,902$13,643,579
40$15,436,626$8,795,336$7,408,035$14,836,314
41$16,945,075$9,160,221$7,590,119$16,143,594
42$18,605,305$9,540,904$7,776,220$17,576,835
43$20,432,732$9,938,093$7,966,408$19,148,604
44$22,444,340$10,352,530$8,160,753$20,872,742
45$24,658,848$10,784,989$8,359,323$22,764,488
46$27,096,880$11,236,282$8,562,189$24,840,624
47$29,781,159$11,707,258$8,769,421$27,119,631
48$32,736,728$12,198,804$8,981,087$29,621,862
49$35,991,178$12,711,849$9,197,257$32,369,733
50$39,574,914$13,247,366$9,418,001$35,387,931
51$43,521,439$13,806,371$9,643,388$38,703,646
52$47,867,671$14,389,928$9,873,487$42,346,826
53$52,654,291$14,999,152$10,108,366$46,350,459
54$57,926,126$15,635,208$10,348,093$50,750,878
55$63,732,572$16,299,314$10,592,736$55,588,107
56$70,128,062$16,992,749$10,842,360$60,906,233
57$77,172,578$17,716,846$11,097,032$66,753,819
58$84,932,214$18,473,006$11,356,817$73,184,365
59$93,479,807$19,262,690$11,621,777$80,256,803
60$102,895,617$20,087,431$11,891,976$88,036,057
61$113,268,086$20,948,831$12,167,473$96,593,650
62$124,694,676$21,848,569$12,448,329$106,008,376
63$137,282,786$22,788,402$12,734,601$116,367,041
64$151,150,764$23,770,168$13,026,344$127,765,281
65$166,429,028$24,795,792$13,323,612$140,308,457
66$183,261,292$25,867,289$13,626,457$154,112,651
67$201,805,928$26,986,770$13,934,927$169,305,756
68$222,237,453$28,156,443$14,249,068$186,028,676
69$244,748,185$29,378,621$14,568,924$204,436,661
70$269,550,051$30,655,724$14,894,534$224,700,756
71$296,876,590$31,990,288$15,225,934$247,009,425
72$326,985,158$33,384,968$15,563,159$271,570,312
73$360,159,355$34,842,542$15,906,235$298,612,207
74$396,711,704$36,365,921$16,255,189$328,387,195
75$436,986,599$37,958,153$16,610,039$361,173,033
76$481,363,558$39,622,429$16,970,802$397,275,765
77$530,260,804$41,362,090$17,337,486$437,032,606
78$584,139,210$43,180,637$17,710,096$480,815,121
79$643,506,656$45,081,735$18,088,631$529,032,722
80$708,922,816$47,069,221$18,473,082$582,136,534
81$781,004,448$49,147,117$18,863,434$640,623,637
82$860,431,207$51,319,632$19,259,665$705,041,762
83$947,952,072$53,591,176$19,661,746$775,994,447
84$1,044,392,407$55,966,367$20,069,638$854,146,729
85$1,150,661,757$58,450,043$20,483,295$940,231,415
86$1,267,762,432$61,047,271$20,902,661$1,035,055,991
87$1,396,798,971$63,763,358$21,327,671$1,139,510,237
88$1,538,988,568$66,603,864$21,758,249$1,254,574,615
89$1,695,672,560$69,574,612$22,194,309$1,381,329,520
90$1,868,329,095$72,681,701$22,635,752$1,520,965,463
91$2,058,587,081$75,931,524$23,082,469$1,674,794,308
92$2,268,241,568$79,330,772$23,534,335$1,844,261,638
93$2,499,270,687$82,886,460$23,991,216$2,030,960,395
94$2,753,854,335$86,605,934$24,452,958$2,236,645,904
95$3,034,394,742$90,496,890$24,919,398$2,463,252,434
96$3,343,539,160$94,567,392$25,390,352$2,712,911,445
97$3,684,204,847$98,825,887$25,865,622$2,987,971,695
98$4,059,606,613$103,281,226$26,344,991$3,291,021,402
99$4,473,287,163$107,942,683$26,828,224$3,624,912,659
100$4,929,150,552$112,819,972$27,315,067$3,992,788,352