Can I retire at age 30 with 6,000,000?

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 $6,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$495,474$491,061$486,755$482,552$478,448$460,010
2 years$245,284$240,716$236,289$231,996$227,833$209,477
3 years$161,899$157,311$152,895$148,642$144,546$126,850
4 years$120,214$115,640$111,268$107,088$103,092$86,190
5 years$95,210$90,663$86,349$82,254$78,369$62,304
6 years$78,545$74,033$69,782$65,779$62,010$46,795
7 years$66,647$62,173$57,990$54,081$50,431$36,059
8 years$57,728$53,294$49,180$45,367$41,837$28,295
9 years$50,794$46,402$42,359$38,643$35,233$22,501
10 years$45,250$40,901$36,929$33,310$30,020$18,074
11 years$40,717$36,412$32,512$28,990$25,819$14,632
12 years$36,942$32,681$28,853$25,428$22,374$11,917
13 years$33,751$29,534$25,779$22,449$19,510$9,753
14 years$31,018$26,846$23,162$19,928$17,103$8,012
15 years$28,651$24,524$20,912$17,772$15,059$6,603
16 years$26,582$22,500$18,960$15,913$13,309$5,456
17 years$24,759$20,722$17,253$14,298$11,801$4,517
18 years$23,140$19,148$15,750$12,885$10,492$3,746
19 years$21,693$17,746$14,418$11,643$9,352$3,111
20 years$20,392$16,491$13,232$10,545$8,354$2,586
21 years$19,217$15,360$12,171$9,570$7,475$2,152
22 years$18,150$14,338$11,218$8,701$6,701$1,793
23 years$17,177$13,410$10,357$7,925$6,015$1,494
24 years$16,287$12,565$9,579$7,228$5,406$1,246
25 years$15,469$11,791$8,872$6,601$4,865$1,039
26 years$14,715$11,082$8,228$6,035$4,382$867
27 years$14,018$10,429$7,641$5,524$3,951$724
28 years$13,373$9,828$7,103$5,061$3,565$605
29 years$12,773$9,271$6,610$4,641$3,219$505
30 years$12,213$8,756$6,157$4,260$2,909$422
31 years$11,691$8,277$5,740$3,912$2,630$352
32 years$11,203$7,832$5,355$3,595$2,379$294
33 years$10,745$7,417$5,000$3,306$2,153$246
34 years$10,315$7,029$4,672$3,042$1,949$206
35 years$9,911$6,667$4,368$2,800$1,765$172
36 years$9,529$6,328$4,086$2,579$1,599$144
37 years$9,170$6,010$3,825$2,376$1,450$120
38 years$8,830$5,712$3,582$2,190$1,314$100
39 years$8,508$5,432$3,356$2,020$1,192$84
40 years$8,203$5,168$3,145$1,863$1,081$70
41 years$7,914$4,919$2,949$1,719$981$59
42 years$7,639$4,685$2,766$1,586$890$49
43 years$7,378$4,464$2,596$1,464$808$41
44 years$7,129$4,255$2,437$1,352$733$34
45 years$6,892$4,057$2,288$1,248$666$29
46 years$6,666$3,871$2,149$1,153$604$24
47 years$6,450$3,694$2,019$1,065$549$20
48 years$6,244$3,526$1,897$985$498$17
49 years$6,047$3,367$1,783$910$453$14
50 years$5,858$3,217$1,677$841$411$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $6,000,000, adding $2,946 every year, while hoping to spend $32,927 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: 59/12/29 Blend
29$6,000,000$6,000,000$6,000,000$6,000,000
30$6,615,039$6,297,039$6,204,039$6,952,850
31$7,254,739$6,570,560$6,376,840$7,457,877
32$7,958,584$6,856,379$6,554,327$8,004,762
33$8,733,084$7,155,066$6,736,620$8,600,647
34$9,585,408$7,467,214$6,923,847$9,250,308
35$10,523,459$7,793,446$7,116,135$9,958,999
36$11,555,941$8,134,414$7,313,614$10,732,502
37$12,692,447$8,490,801$7,516,421$11,577,179
38$13,943,548$8,863,322$7,724,693$12,500,036
39$15,320,890$9,252,725$7,938,570$13,508,780
40$16,837,307$9,659,794$8,158,198$14,611,899
41$18,506,939$10,085,351$8,383,725$15,818,734
42$20,345,369$10,530,255$8,615,301$17,139,570
43$22,369,767$10,995,408$8,853,084$18,585,731
44$24,599,052$11,481,751$9,097,231$20,169,684
45$27,054,072$11,990,274$9,347,905$21,905,158
46$29,757,801$12,522,011$9,605,273$23,807,270
47$32,735,553$13,078,046$9,869,506$25,892,666
48$36,015,223$13,659,514$10,140,778$28,179,678
49$39,627,550$14,267,604$10,419,268$30,688,497
50$43,606,405$14,903,562$10,705,159$33,441,355
51$47,989,114$15,568,692$10,998,638$36,462,742
52$52,816,808$16,264,362$11,299,896$39,779,630
53$58,134,809$16,992,003$11,609,130$43,421,726
54$63,993,063$17,753,115$11,926,539$47,421,752
55$70,446,608$18,549,269$12,252,330$51,815,753
56$77,556,090$19,382,112$12,586,712$56,643,430
57$85,388,344$20,253,368$12,929,899$61,948,518
58$94,017,015$21,164,843$13,282,111$67,779,195
59$103,523,262$22,118,432$13,643,573$74,188,533
60$113,996,516$23,116,116$14,014,514$81,234,997
61$125,535,329$24,159,974$14,395,168$88,982,997
62$138,248,303$25,252,183$14,785,777$97,503,488
63$152,255,113$26,395,024$15,186,584$106,874,644
64$167,687,641$27,590,887$15,597,841$117,182,586
65$184,691,216$28,842,276$16,019,804$128,522,197
66$203,425,988$30,151,815$16,452,736$140,998,011
67$224,068,439$31,522,254$16,896,902$154,725,202
68$246,813,050$32,956,474$17,352,578$169,830,661
69$271,874,134$34,457,494$17,820,043$186,454,195
70$299,487,862$36,028,478$18,299,581$204,749,841
71$329,914,492$37,672,742$18,791,485$224,887,318
72$363,440,822$39,393,758$19,296,051$247,053,624
73$400,382,902$41,195,168$19,813,585$271,454,798
74$441,089,015$43,080,788$20,344,397$298,317,860
75$485,942,963$45,054,615$20,888,803$327,892,949
76$535,367,694$47,120,840$21,447,127$360,455,683
77$589,829,292$49,283,855$22,019,699$396,309,751
78$649,841,377$51,548,261$22,606,856$435,789,780
79$715,969,954$53,918,882$23,208,942$479,264,485
80$788,838,755$56,400,773$23,826,308$527,140,147
81$869,135,130$58,999,233$24,459,311$579,864,441
82$957,616,532$61,719,815$25,108,317$637,930,657
83$1,055,117,670$64,568,337$25,773,697$701,882,350
84$1,162,558,389$67,550,902$26,455,832$772,318,467
85$1,280,952,350$70,673,901$27,155,107$849,898,992
86$1,411,416,604$73,944,037$27,871,919$935,351,171
87$1,555,182,137$77,368,334$28,606,667$1,029,476,371
88$1,713,605,487$80,954,155$29,359,762$1,133,157,637
89$1,888,181,554$84,709,215$30,131,621$1,247,368,019
90$2,080,557,711$88,641,606$30,922,670$1,373,179,752
91$2,292,549,358$92,759,805$31,733,340$1,511,774,371
92$2,526,157,058$97,072,701$32,564,072$1,664,453,854
93$2,783,585,425$101,589,610$33,415,315$1,832,652,903
94$3,067,263,936$106,320,299$34,287,526$2,017,952,483
95$3,379,869,869$111,275,005$35,181,169$2,222,094,735
96$3,724,353,574$116,464,459$36,096,717$2,446,999,411
97$4,103,966,333$121,899,911$37,034,651$2,694,781,989
98$4,522,291,046$127,593,154$37,995,459$2,967,773,633
99$4,983,276,065$133,556,550$38,979,639$3,268,543,187
100$5,491,272,462$139,803,061$39,987,696$3,599,921,414