Can I retire at age 30 with 5,800,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $5,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$478,959$474,692$470,530$466,467$462,500$459,971
2 years$237,108$232,692$228,413$224,263$220,238$217,686
3 years$156,502$152,067$147,798$143,688$139,728$137,232
4 years$116,207$111,785$107,559$103,519$99,655$97,235
5 years$92,036$87,641$83,470$79,512$75,756$73,418
6 years$75,927$71,566$67,456$63,587$59,943$57,691
7 years$64,426$60,101$56,057$52,278$48,750$46,584
8 years$55,803$51,517$47,540$43,855$40,443$38,364
9 years$49,101$44,855$40,947$37,355$34,059$32,066
10 years$43,742$39,538$35,698$32,200$29,020$27,112
11 years$39,360$35,198$31,428$28,024$24,958$23,134
12 years$35,711$31,592$27,892$24,580$21,628$19,887
13 years$32,626$28,550$24,919$21,701$18,860$17,200
14 years$29,984$25,951$22,390$19,264$16,533$14,951
15 years$27,696$23,707$20,215$17,180$14,557$13,052
16 years$25,696$21,750$18,328$15,383$12,865$11,435
17 years$23,933$20,031$16,678$13,821$11,407$10,050
18 years$22,368$18,510$15,225$12,456$10,143$8,856
19 years$20,970$17,155$13,938$11,255$9,040$7,821
20 years$19,712$15,941$12,791$10,193$8,075$6,921
21 years$18,576$14,848$11,765$9,251$7,226$6,136
22 years$17,545$13,860$10,844$8,411$6,477$5,448
23 years$16,605$12,963$10,012$7,660$5,814$4,843
24 years$15,744$12,146$9,260$6,987$5,226$4,310
25 years$14,953$11,398$8,576$6,381$4,703$3,841
26 years$14,225$10,713$7,954$5,834$4,236$3,425
27 years$13,551$10,082$7,386$5,340$3,819$3,057
28 years$12,927$9,500$6,866$4,893$3,446$2,730
29 years$12,347$8,962$6,390$4,487$3,112$2,440
30 years$11,806$8,464$5,952$4,118$2,812$2,182
31 years$11,302$8,001$5,549$3,782$2,542$1,952
32 years$10,830$7,571$5,177$3,476$2,299$1,747
33 years$10,387$7,170$4,834$3,196$2,081$1,564
34 years$9,971$6,795$4,516$2,941$1,884$1,401
35 years$9,580$6,445$4,222$2,707$1,706$1,256
36 years$9,212$6,117$3,950$2,493$1,546$1,125
37 years$8,864$5,810$3,697$2,297$1,401$1,009
38 years$8,535$5,522$3,462$2,117$1,270$905
39 years$8,224$5,250$3,244$1,952$1,152$811
40 years$7,930$4,995$3,040$1,801$1,045$728
41 years$7,650$4,755$2,851$1,661$948$653
42 years$7,384$4,529$2,674$1,533$860$586
43 years$7,132$4,315$2,509$1,415$781$526
44 years$6,891$4,113$2,355$1,307$709$472
45 years$6,662$3,922$2,212$1,207$643$424
46 years$6,444$3,742$2,077$1,115$584$380
47 years$6,235$3,571$1,952$1,030$530$341
48 years$6,036$3,409$1,834$952$482$307
49 years$5,845$3,255$1,724$880$437$275
50 years$5,663$3,109$1,621$813$397$247

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $5,800,000, adding $4,976 every year, while hoping to spend $34,031 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: 79/15/6 Blend
29$5,800,000$5,800,000$5,800,000$5,800,000
30$6,396,733$6,089,333$5,999,433$6,898,587
31$7,012,991$6,351,501$6,164,205$7,490,277
32$7,690,967$6,625,376$6,333,357$8,134,195
33$8,436,919$6,911,493$6,506,998$8,839,501
34$9,257,746$7,210,417$6,685,243$9,612,293
35$10,161,045$7,522,736$6,868,208$10,459,289
36$11,155,189$7,849,068$7,056,010$11,387,881
37$12,249,404$8,190,058$7,248,772$12,406,211
38$13,453,855$8,546,383$7,446,618$13,523,241
39$14,779,743$8,918,750$7,649,675$14,748,844
40$16,239,410$9,307,902$7,858,072$16,093,888
41$17,846,455$9,714,614$8,071,942$17,570,343
42$19,615,863$10,139,700$8,291,422$19,191,391
43$21,564,146$10,584,011$8,516,651$20,971,551
44$23,709,500$11,048,439$8,747,769$22,926,811
45$26,071,973$11,533,916$8,984,923$25,074,782
46$28,673,657$12,041,421$9,228,261$27,434,860
47$31,538,897$12,571,977$9,477,935$30,028,409
48$34,694,518$13,126,658$9,734,099$32,878,962
49$38,170,080$13,706,585$9,996,912$36,012,439
50$41,998,156$14,312,935$10,266,537$39,457,393
51$46,214,639$14,946,941$10,543,137$43,245,277
52$50,859,083$15,609,892$10,826,883$47,410,739
53$55,975,073$16,303,140$11,117,947$51,991,945
54$61,610,637$17,028,100$11,416,505$57,030,943
55$67,818,701$17,786,256$11,722,737$62,574,054
56$74,657,587$18,579,161$12,036,826$68,672,308
57$82,191,562$19,408,441$12,358,962$75,381,921
58$90,491,448$20,275,801$12,689,334$82,764,831
59$99,635,287$21,183,027$13,028,138$90,889,273
60$109,709,080$22,131,989$13,375,574$99,830,424
61$120,807,597$23,124,647$13,731,846$109,671,110
62$133,035,269$24,163,052$14,097,161$120,502,584
63$146,507,182$25,249,357$14,471,731$132,425,386
64$161,350,152$26,385,813$14,855,771$145,550,292
65$177,703,931$27,574,782$15,249,503$159,999,350
66$195,722,522$28,818,736$15,653,152$175,907,036
67$215,575,632$30,120,266$16,066,945$193,421,515
68$237,450,275$31,482,089$16,491,116$212,706,041
69$261,552,539$32,907,047$16,925,905$233,940,492
70$288,109,528$34,398,121$17,371,552$257,323,063
71$317,371,506$35,958,436$17,828,305$283,072,139
72$349,614,262$37,591,262$18,296,416$311,428,345
73$385,141,712$39,300,029$18,776,141$342,656,820
74$424,288,765$41,088,329$19,267,741$377,049,712
75$467,424,490$42,959,928$19,771,481$414,928,934
76$514,955,595$44,918,770$20,287,632$456,649,195
77$567,330,266$46,968,991$20,816,469$502,601,346
78$625,042,405$49,114,923$21,358,271$553,216,066
79$688,636,281$51,361,106$21,913,325$608,967,920
80$758,711,679$53,712,297$22,481,918$670,379,833
81$835,929,554$56,173,483$23,064,346$738,028,023
82$921,018,275$58,749,890$23,660,908$812,547,436
83$1,014,780,498$61,446,994$24,271,908$894,637,728
84$1,118,100,747$64,270,534$24,897,654$985,069,871
85$1,231,953,758$67,226,526$25,538,461$1,084,693,419
86$1,357,413,690$70,321,274$26,194,648$1,194,444,522
87$1,495,664,254$73,561,384$26,866,537$1,315,354,759
88$1,648,009,899$76,953,783$27,554,456$1,448,560,864
89$1,815,888,118$80,505,728$28,258,740$1,595,315,456
90$2,000,883,023$84,224,826$28,979,725$1,756,998,850
91$2,204,740,300$88,119,051$29,717,755$1,935,132,079
92$2,429,383,687$92,196,760$30,473,175$2,131,391,248
93$2,676,933,134$96,466,713$31,246,338$2,347,623,348
94$2,949,724,823$100,938,091$32,037,600$2,585,863,676
95$3,250,333,217$105,620,519$32,847,321$2,848,355,046
96$3,581,595,365$110,524,085$33,675,866$3,137,568,947
97$3,946,637,689$115,659,362$34,523,605$3,456,228,868
98$4,348,905,498$121,037,435$35,390,910$3,807,335,993
99$4,792,195,512$126,669,923$36,278,159$4,194,197,524
100$5,280,691,710$132,569,005$37,185,733$4,620,457,888