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

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 $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%18.4%
1 years$495,474$491,061$486,755$482,552$478,448$462,209
2 years$245,284$240,716$236,289$231,996$227,833$211,634
3 years$161,899$157,311$152,895$148,642$144,546$128,898
4 years$120,214$115,640$111,268$107,088$103,092$88,113
5 years$95,210$90,663$86,349$82,254$78,369$64,099
6 years$78,545$74,033$69,782$65,779$62,010$48,461
7 years$66,647$62,173$57,990$54,081$50,431$37,601
8 years$57,728$53,294$49,180$45,367$41,837$29,716
9 years$50,794$46,402$42,359$38,643$35,233$23,805
10 years$45,250$40,901$36,929$33,310$30,020$19,267
11 years$40,717$36,412$32,512$28,990$25,819$15,720
12 years$36,942$32,681$28,853$25,428$22,374$12,906
13 years$33,751$29,534$25,779$22,449$19,510$10,649
14 years$31,018$26,846$23,162$19,928$17,103$8,823
15 years$28,651$24,524$20,912$17,772$15,059$7,333
16 years$26,582$22,500$18,960$15,913$13,309$6,112
17 years$24,759$20,722$17,253$14,298$11,801$5,105
18 years$23,140$19,148$15,750$12,885$10,492$4,272
19 years$21,693$17,746$14,418$11,643$9,352$3,580
20 years$20,392$16,491$13,232$10,545$8,354$3,004
21 years$19,217$15,360$12,171$9,570$7,475$2,523
22 years$18,150$14,338$11,218$8,701$6,701$2,121
23 years$17,177$13,410$10,357$7,925$6,015$1,785
24 years$16,287$12,565$9,579$7,228$5,406$1,503
25 years$15,469$11,791$8,872$6,601$4,865$1,266
26 years$14,715$11,082$8,228$6,035$4,382$1,066
27 years$14,018$10,429$7,641$5,524$3,951$899
28 years$13,373$9,828$7,103$5,061$3,565$758
29 years$12,773$9,271$6,610$4,641$3,219$639
30 years$12,213$8,756$6,157$4,260$2,909$539
31 years$11,691$8,277$5,740$3,912$2,630$455
32 years$11,203$7,832$5,355$3,595$2,379$384
33 years$10,745$7,417$5,000$3,306$2,153$324
34 years$10,315$7,029$4,672$3,042$1,949$274
35 years$9,911$6,667$4,368$2,800$1,765$231
36 years$9,529$6,328$4,086$2,579$1,599$195
37 years$9,170$6,010$3,825$2,376$1,450$165
38 years$8,830$5,712$3,582$2,190$1,314$139
39 years$8,508$5,432$3,356$2,020$1,192$117
40 years$8,203$5,168$3,145$1,863$1,081$99
41 years$7,914$4,919$2,949$1,719$981$84
42 years$7,639$4,685$2,766$1,586$890$71
43 years$7,378$4,464$2,596$1,464$808$60
44 years$7,129$4,255$2,437$1,352$733$50
45 years$6,892$4,057$2,288$1,248$666$43
46 years$6,666$3,871$2,149$1,153$604$36
47 years$6,450$3,694$2,019$1,065$549$30
48 years$6,244$3,526$1,897$985$498$26
49 years$6,047$3,367$1,783$910$453$22
50 years$5,858$3,217$1,677$841$411$18

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 $3,758 every year, while hoping to spend $46,155 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: 63/29/8 Blend
29$6,000,000$6,000,000$6,000,000$6,000,000
30$6,615,876$6,297,876$6,204,876$7,021,720
31$7,241,587$6,557,364$6,363,631$7,552,490
32$7,929,574$6,828,019$6,526,157$8,126,031
33$8,686,139$7,110,341$6,692,532$8,751,054
34$9,518,228$7,404,851$6,862,835$9,432,548
35$10,433,493$7,712,093$7,037,145$10,175,995
36$11,440,363$8,032,640$7,215,544$10,987,430
37$12,548,127$8,367,087$7,398,112$11,873,491
38$13,767,021$8,716,058$7,584,933$12,841,478
39$15,108,319$9,080,208$7,776,091$13,899,426
40$16,584,447$9,460,217$7,971,669$15,056,177
41$18,209,096$9,856,803$8,171,755$16,321,460
42$19,997,349$10,270,712$8,376,434$17,705,982
43$21,965,828$10,702,726$8,585,794$19,221,527
44$24,132,847$11,153,665$8,799,923$20,881,069
45$26,518,588$11,624,384$9,018,911$22,698,884
46$29,145,286$12,115,781$9,242,846$24,690,692
47$32,037,444$12,628,793$9,471,820$26,873,797
48$35,222,061$13,164,402$9,705,924$29,267,248
49$38,728,888$13,723,634$9,945,250$31,892,022
50$42,590,708$14,307,566$10,189,889$34,771,214
51$46,843,646$14,917,322$10,439,936$37,930,252
52$51,527,506$15,554,079$10,695,482$41,397,139
53$56,686,153$16,219,071$10,956,623$45,202,710
54$62,367,922$16,913,587$11,223,450$49,380,923
55$68,626,074$17,638,976$11,496,060$53,969,175
56$75,519,302$18,396,654$11,774,546$59,008,649
57$83,112,280$19,188,099$12,059,002$64,544,707
58$91,476,276$20,014,860$12,349,523$70,627,306
59$100,689,827$20,878,559$12,646,203$77,311,471
60$110,839,473$21,780,892$12,949,134$84,657,808
61$122,020,581$22,723,637$13,258,412$92,733,076
62$134,338,239$23,708,655$13,574,128$101,610,808
63$147,908,253$24,737,892$13,896,374$111,372,001
64$162,858,234$25,813,389$14,225,243$122,105,882
65$179,328,809$26,937,280$14,560,823$133,910,737
66$197,474,943$28,111,801$14,903,206$146,894,841
67$217,467,401$29,339,294$15,252,477$161,177,471
68$239,494,366$30,622,209$15,608,725$176,890,025
69$263,763,208$31,963,114$15,972,034$194,177,261
70$290,502,444$33,364,696$16,342,487$213,198,656
71$319,963,898$34,829,770$16,720,164$234,129,902
72$352,425,072$36,361,285$17,105,146$257,164,563
73$388,191,768$37,962,326$17,497,507$282,515,890
74$427,600,976$39,636,128$17,897,321$310,418,833
75$471,024,053$41,386,077$18,304,659$341,132,246
76$518,870,230$43,215,717$18,719,588$374,941,325
77$571,590,470$45,128,764$19,142,172$412,160,293
78$629,681,733$47,129,109$19,572,469$453,135,357
79$693,691,659$49,220,824$20,010,536$498,247,968
80$764,223,742$51,408,179$20,456,423$547,918,410
81$841,943,028$53,695,644$20,910,177$602,609,761
82$927,582,387$56,087,901$21,371,839$662,832,253
83$1,021,949,438$58,589,855$21,841,443$729,148,079
84$1,125,934,168$61,206,645$22,319,018$802,176,687
85$1,240,517,336$63,943,653$22,804,588$882,600,618
86$1,366,779,730$66,806,518$23,298,168$971,171,939
87$1,505,912,371$69,801,147$23,799,765$1,068,719,326
88$1,659,227,757$72,933,727$24,309,382$1,176,155,877
89$1,828,172,251$76,210,742$24,827,008$1,294,487,714
90$2,014,339,736$79,638,984$25,352,628$1,424,823,474
91$2,219,486,662$83,225,567$25,886,215$1,568,384,753
92$2,445,548,630$86,977,948$26,427,731$1,726,517,626
93$2,694,658,659$90,903,937$26,977,129$1,900,705,337
94$2,969,167,330$95,011,717$27,534,351$2,092,582,285
95$3,271,664,970$99,309,864$28,099,324$2,303,949,433
96$3,605,006,110$103,807,361$28,671,964$2,536,791,296
97$3,972,336,433$108,513,621$29,252,175$2,793,294,652
98$4,377,122,470$113,438,509$29,839,843$3,075,869,166
99$4,823,184,325$118,592,359$30,434,842$3,387,170,120
100$5,314,731,744$123,986,002$31,037,026$3,730,123,454