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%12.3%
1 years$462,443$458,324$454,305$450,382$446,552$442,257
2 years$228,932$224,668$220,536$216,530$212,644$208,317
3 years$151,105$146,823$142,702$138,733$134,910$130,685
4 years$112,200$107,931$103,850$99,949$96,219$92,130
5 years$88,862$84,619$80,592$76,771$73,144$69,202
6 years$73,309$69,098$65,130$61,394$57,876$54,086
7 years$62,204$58,028$54,124$50,475$47,069$43,432
8 years$53,879$49,741$45,901$42,343$39,048$35,565
9 years$47,408$43,308$39,535$36,066$32,884$29,553
10 years$42,233$38,174$34,467$31,090$28,019$24,838
11 years$38,003$33,984$30,344$27,057$24,097$21,065
12 years$34,480$30,502$26,930$23,733$20,882$17,994
13 years$31,501$27,565$24,060$20,953$18,210$15,463
14 years$28,950$25,056$21,618$18,599$15,963$13,354
15 years$26,741$22,889$19,518$16,587$14,055$11,580
16 years$24,810$21,000$17,696$14,852$12,422$10,076
17 years$23,108$19,341$16,103$13,345$11,014$8,794
18 years$21,597$17,872$14,700$12,026$9,793$7,695
19 years$20,247$16,563$13,457$10,867$8,729$6,748
20 years$19,033$15,391$12,350$9,842$7,797$5,928
21 years$17,936$14,336$11,360$8,932$6,977$5,216
22 years$16,940$13,383$10,470$8,121$6,254$4,597
23 years$16,032$12,516$9,667$7,396$5,614$4,056
24 years$15,201$11,727$8,940$6,746$5,046$3,582
25 years$14,438$11,005$8,280$6,161$4,541$3,167
26 years$13,734$10,343$7,680$5,633$4,090$2,802
27 years$13,084$9,734$7,131$5,156$3,687$2,481
28 years$12,481$9,172$6,629$4,724$3,327$2,199
29 years$11,921$8,653$6,169$4,332$3,004$1,949
30 years$11,399$8,172$5,746$3,976$2,715$1,729
31 years$10,912$7,725$5,357$3,651$2,454$1,534
32 years$10,456$7,310$4,998$3,356$2,220$1,362
33 years$10,029$6,922$4,667$3,086$2,009$1,209
34 years$9,627$6,561$4,361$2,839$1,819$1,074
35 years$9,250$6,223$4,077$2,614$1,648$955
36 years$8,894$5,906$3,814$2,407$1,493$848
37 years$8,558$5,610$3,570$2,218$1,353$754
38 years$8,241$5,331$3,343$2,044$1,227$671
39 years$7,941$5,069$3,132$1,885$1,112$596
40 years$7,656$4,823$2,936$1,739$1,009$530
41 years$7,386$4,591$2,753$1,604$915$472
42 years$7,130$4,372$2,582$1,480$831$420
43 years$6,886$4,166$2,423$1,367$754$373
44 years$6,654$3,971$2,274$1,262$684$332
45 years$6,432$3,787$2,135$1,165$621$296
46 years$6,221$3,613$2,006$1,076$564$263
47 years$6,020$3,447$1,884$994$512$234
48 years$5,828$3,291$1,771$919$465$208
49 years$5,644$3,143$1,664$849$422$186
50 years$5,468$3,002$1,565$785$384$165

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 $6,942 every year, while hoping to spend $47,910 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: 38/44/18 Blend
29$5,600,000$5,600,000$5,600,000$5,600,000
30$6,178,361$5,881,561$5,794,761$6,379,468
31$6,757,578$6,118,781$5,937,909$6,761,999
32$7,394,269$6,366,020$6,084,248$7,170,066
33$8,094,246$6,623,717$6,233,832$7,610,068
34$8,863,913$6,892,333$6,386,719$8,084,911
35$9,710,324$7,172,348$6,542,965$8,597,781
36$10,641,250$7,464,267$6,702,628$9,152,176
37$11,665,256$7,768,614$6,865,764$9,751,936
38$12,791,776$8,085,940$7,032,432$10,401,276
39$14,031,206$8,416,821$7,202,687$11,104,826
40$15,395,001$8,761,856$7,376,589$11,867,671
41$16,895,779$9,121,676$7,554,193$12,695,396
42$18,547,447$9,496,936$7,735,557$13,594,138
43$20,365,327$9,888,327$7,920,738$14,570,643
44$22,366,301$10,296,565$8,109,794$15,632,322
45$24,568,971$10,722,404$8,302,779$16,787,323
46$26,993,835$11,166,631$8,499,751$18,044,603
47$29,663,478$11,630,067$8,700,764$19,414,010
48$32,602,787$12,113,575$8,905,874$20,906,375
49$35,839,185$12,618,054$9,115,135$22,533,605
50$39,402,889$13,144,446$9,328,599$24,308,801
51$43,327,197$13,693,736$9,546,320$26,246,369
52$47,648,798$14,266,957$9,768,349$28,362,160
53$52,408,123$14,865,185$9,994,736$30,673,612
54$57,649,721$15,489,549$10,225,530$33,199,911
55$63,422,687$16,141,231$10,460,779$35,962,169
56$69,781,114$16,821,464$10,700,528$38,983,618
57$76,784,614$17,531,543$10,944,822$42,289,825
58$84,498,875$18,272,818$11,193,704$45,908,930
59$92,996,281$19,046,707$11,447,214$49,871,906
60$102,356,595$19,854,689$11,705,389$54,212,846
61$112,667,715$20,698,316$11,968,266$58,969,279
62$124,026,497$21,579,209$12,235,879$64,182,522
63$136,539,675$22,499,065$12,508,256$69,898,058
64$150,324,865$23,459,663$12,785,426$76,165,968
65$165,511,676$24,462,862$13,067,413$83,041,387
66$182,242,933$25,510,608$13,354,237$90,585,030
67$200,676,024$26,604,939$13,645,915$98,863,747
68$220,984,385$27,747,988$13,942,460$107,951,154
69$243,359,141$28,941,988$14,243,881$117,928,318
70$268,010,904$30,189,275$14,550,182$128,884,516
71$295,171,764$31,492,298$14,861,361$140,918,066
72$325,097,480$32,853,617$15,177,413$154,137,253
73$358,069,893$34,275,913$15,498,325$168,661,335
74$394,399,584$35,761,995$15,824,081$184,621,665
75$434,428,810$37,314,802$16,154,657$202,162,918
76$478,534,732$38,937,410$16,490,021$221,444,450
77$527,132,975$40,633,044$16,830,137$242,641,789
78$580,681,551$42,405,076$17,174,960$265,948,281
79$639,685,185$44,257,039$17,524,436$291,576,905
80$704,700,073$46,192,634$17,878,504$319,762,272
81$776,339,140$48,215,733$18,237,094$350,762,825
82$855,277,822$50,330,393$18,600,125$384,863,267
83$942,260,439$52,540,862$18,967,510$422,377,235
84$1,038,107,229$54,851,589$19,339,146$463,650,245
85$1,143,722,082$57,267,233$19,714,923$509,062,943
86$1,260,101,080$59,792,673$20,094,718$559,034,676
87$1,388,341,895$62,433,018$20,478,396$614,027,440
88$1,529,654,153$65,193,621$20,865,808$674,550,220
89$1,685,370,856$68,080,088$21,256,792$741,163,783
90$1,856,960,960$71,098,289$21,651,171$814,485,946
91$2,046,043,246$74,254,373$22,048,753$895,197,393
92$2,254,401,602$77,554,782$22,449,331$984,048,079
93$2,484,001,861$81,006,262$22,852,679$1,081,864,290
94$2,737,010,363$84,615,881$23,258,556$1,189,556,420
95$3,015,814,401$88,391,041$23,666,699$1,308,127,540
96$3,323,044,765$92,339,496$24,076,828$1,438,682,848
97$3,661,600,570$96,469,371$24,488,641$1,582,440,072
98$4,034,676,632$100,789,174$24,901,815$1,740,740,940
99$4,445,793,626$105,307,821$25,316,003$1,915,063,822
100$4,898,831,323$110,034,652$25,730,836$2,107,037,652