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%13.3%
1 years$495,474$491,061$486,755$482,552$478,448$471,883
2 years$245,284$240,716$236,289$231,996$227,833$221,230
3 years$161,899$157,311$152,895$148,642$144,546$138,111
4 years$120,214$115,640$111,268$107,088$103,092$96,874
5 years$95,210$90,663$86,349$82,254$78,369$72,386
6 years$78,545$74,033$69,782$65,779$62,010$56,270
7 years$66,647$62,173$57,990$54,081$50,431$44,936
8 years$57,728$53,294$49,180$45,367$41,837$36,586
9 years$50,794$46,402$42,359$38,643$35,233$30,223
10 years$45,250$40,901$36,929$33,310$30,020$25,248
11 years$40,717$36,412$32,512$28,990$25,819$21,279
12 years$36,942$32,681$28,853$25,428$22,374$18,062
13 years$33,751$29,534$25,779$22,449$19,510$15,421
14 years$31,018$26,846$23,162$19,928$17,103$13,229
15 years$28,651$24,524$20,912$17,772$15,059$11,394
16 years$26,582$22,500$18,960$15,913$13,309$9,847
17 years$24,759$20,722$17,253$14,298$11,801$8,534
18 years$23,140$19,148$15,750$12,885$10,492$7,414
19 years$21,693$17,746$14,418$11,643$9,352$6,454
20 years$20,392$16,491$13,232$10,545$8,354$5,628
21 years$19,217$15,360$12,171$9,570$7,475$4,916
22 years$18,150$14,338$11,218$8,701$6,701$4,299
23 years$17,177$13,410$10,357$7,925$6,015$3,764
24 years$16,287$12,565$9,579$7,228$5,406$3,299
25 years$15,469$11,791$8,872$6,601$4,865$2,894
26 years$14,715$11,082$8,228$6,035$4,382$2,541
27 years$14,018$10,429$7,641$5,524$3,951$2,232
28 years$13,373$9,828$7,103$5,061$3,565$1,962
29 years$12,773$9,271$6,610$4,641$3,219$1,725
30 years$12,213$8,756$6,157$4,260$2,909$1,518
31 years$11,691$8,277$5,740$3,912$2,630$1,336
32 years$11,203$7,832$5,355$3,595$2,379$1,176
33 years$10,745$7,417$5,000$3,306$2,153$1,036
34 years$10,315$7,029$4,672$3,042$1,949$912
35 years$9,911$6,667$4,368$2,800$1,765$804
36 years$9,529$6,328$4,086$2,579$1,599$708
37 years$9,170$6,010$3,825$2,376$1,450$624
38 years$8,830$5,712$3,582$2,190$1,314$550
39 years$8,508$5,432$3,356$2,020$1,192$485
40 years$8,203$5,168$3,145$1,863$1,081$428
41 years$7,914$4,919$2,949$1,719$981$377
42 years$7,639$4,685$2,766$1,586$890$333
43 years$7,378$4,464$2,596$1,464$808$294
44 years$7,129$4,255$2,437$1,352$733$259
45 years$6,892$4,057$2,288$1,248$666$229
46 years$6,666$3,871$2,149$1,153$604$202
47 years$6,450$3,694$2,019$1,065$549$178
48 years$6,244$3,526$1,897$985$498$157
49 years$6,047$3,367$1,783$910$453$138
50 years$5,858$3,217$1,677$841$411$122

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 $5,309 every year, while hoping to spend $50,487 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: 33/45/22 Blend
29$6,000,000$6,000,000$6,000,000$6,000,000
30$6,617,476$6,299,476$6,206,476$6,791,000
31$7,238,741$6,554,433$6,360,675$7,176,076
32$7,921,683$6,820,190$6,518,348$7,585,842
33$8,672,539$7,097,224$6,679,558$8,026,437
34$9,498,182$7,386,032$6,844,367$8,500,608
35$10,406,184$7,687,135$7,012,841$9,011,371
36$11,404,887$8,001,076$7,185,042$9,562,029
37$12,503,481$8,328,425$7,361,037$10,156,209
38$13,712,093$8,669,775$7,540,889$10,797,889
39$15,041,882$9,025,749$7,724,664$11,491,435
40$16,505,140$9,396,997$7,912,427$12,241,640
41$18,115,414$9,784,200$8,104,242$13,053,765
42$19,887,628$10,188,068$8,300,177$13,933,590
43$21,838,229$10,609,345$8,500,295$14,887,460
44$23,985,335$11,048,810$8,704,662$15,922,348
45$26,348,914$11,507,276$8,913,342$17,045,913
46$28,950,965$11,985,595$9,126,402$18,266,574
47$31,815,732$12,484,658$9,343,904$19,593,581
48$34,969,925$13,005,395$9,565,914$21,037,102
49$38,442,980$13,548,781$9,792,494$22,608,317
50$42,267,328$14,115,836$10,023,707$24,319,516
51$46,478,710$14,707,626$10,259,616$26,184,213
52$51,116,507$15,325,268$10,500,281$28,217,270
53$56,224,113$15,969,929$10,745,763$30,435,034
54$61,849,347$16,642,830$10,996,121$32,855,485
55$68,044,902$17,345,250$11,251,413$35,498,401
56$74,868,842$18,078,527$11,511,695$38,385,544
57$82,385,149$18,844,061$11,777,022$41,540,853
58$90,664,330$19,643,315$12,047,448$44,990,674
59$99,784,078$20,477,824$12,323,024$48,763,996
60$109,830,008$21,349,191$12,603,799$52,892,722
61$120,896,463$22,259,096$12,889,820$57,411,964
62$133,087,406$23,209,296$13,181,133$62,360,371
63$146,517,400$24,201,629$13,477,779$67,780,481
64$161,312,688$25,238,022$13,779,798$73,719,123
65$177,612,387$26,320,490$14,087,226$80,227,847
66$195,569,797$27,451,141$14,400,095$87,363,406
67$215,353,854$28,632,184$14,718,436$95,188,285
68$237,150,716$29,865,930$15,042,272$103,771,278
69$261,165,528$31,154,799$15,371,627$113,188,137
70$287,624,351$32,501,324$15,706,516$123,522,270
71$316,776,303$33,908,157$16,046,952$134,865,527
72$348,895,903$35,378,074$16,392,942$147,319,052
73$384,285,667$36,913,982$16,744,488$160,994,231
74$423,278,962$38,518,924$17,101,586$176,013,731
75$466,243,153$40,196,088$17,464,225$192,512,652
76$513,583,067$41,948,809$17,832,390$210,639,785
77$565,744,821$43,780,582$18,206,056$230,559,008
78$623,220,027$45,695,064$18,585,193$252,450,822
79$686,550,435$47,696,087$18,969,761$276,514,039
80$756,333,046$49,787,662$19,359,715$302,967,648
81$833,225,749$51,973,990$19,754,998$332,052,868
82$917,953,530$54,259,470$20,155,545$364,035,409
83$1,011,315,315$56,648,709$20,561,281$399,207,967
84$1,114,191,514$59,146,532$20,972,120$437,892,971
85$1,227,552,329$61,757,994$21,387,967$480,445,609
86$1,352,466,916$64,488,384$21,808,713$527,257,164
87$1,490,113,474$67,343,248$22,234,239$578,758,689
88$1,641,790,372$70,328,391$22,664,409$635,425,060
89$1,808,928,402$73,449,894$23,099,078$697,779,437
90$1,993,104,285$76,714,125$23,538,084$766,398,181
91$2,196,055,562$80,127,757$23,981,250$841,916,276
92$2,419,696,991$83,697,779$24,428,383$925,033,297
93$2,666,138,624$87,431,509$24,879,273$1,016,519,996
94$2,937,705,728$91,336,618$25,333,694$1,117,225,547
95$3,236,960,737$95,421,137$25,791,397$1,228,085,542
96$3,566,727,442$99,693,482$26,252,119$1,350,130,794
97$3,930,117,647$104,162,469$26,715,570$1,484,497,037
98$4,330,560,549$108,837,332$27,181,444$1,632,435,624
99$4,771,835,110$113,727,746$27,649,407$1,795,325,305
100$5,258,105,734$118,843,849$28,119,106$1,974,685,211