Can I retire at age 30 with 6,200,000?

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 $6,200,000?

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$511,990$507,430$502,980$498,637$494,397$475,344
2 years$253,460$248,740$244,165$239,729$235,427$216,459
3 years$167,295$162,554$157,991$153,597$149,365$131,078
4 years$124,221$119,495$114,977$110,658$106,528$89,063
5 years$98,383$93,685$89,227$84,996$80,981$64,381
6 years$81,164$76,501$72,109$67,972$64,077$48,354
7 years$68,869$64,245$59,923$55,883$52,112$37,261
8 years$59,652$55,070$50,819$46,879$43,232$29,238
9 years$52,487$47,949$43,770$39,931$36,408$23,251
10 years$46,758$42,264$38,160$34,421$31,021$18,677
11 years$42,074$37,625$33,596$29,956$26,679$15,119
12 years$38,174$33,771$29,815$26,276$23,120$12,314
13 years$34,876$30,519$26,638$23,198$20,161$10,078
14 years$32,052$27,741$23,934$20,592$17,673$8,279
15 years$29,606$25,342$21,609$18,365$15,561$6,823
16 years$27,468$23,250$19,592$16,443$13,752$5,637
17 years$25,584$21,413$17,828$14,774$12,194$4,667
18 years$23,911$19,786$16,275$13,315$10,842$3,871
19 years$22,416$18,338$14,899$12,031$9,664$3,214
20 years$21,072$17,040$13,673$10,896$8,632$2,673
21 years$19,857$15,872$12,577$9,889$7,725$2,224
22 years$18,755$14,816$11,591$8,991$6,924$1,852
23 years$17,750$13,857$10,703$8,189$6,215$1,544
24 years$16,830$12,984$9,898$7,469$5,587$1,287
25 years$15,985$12,184$9,168$6,821$5,027$1,074
26 years$15,206$11,451$8,503$6,237$4,528$896
27 years$14,486$10,777$7,895$5,708$4,083$748
28 years$13,818$10,155$7,340$5,230$3,684$625
29 years$13,198$9,580$6,830$4,796$3,326$522
30 years$12,621$9,048$6,362$4,402$3,006$436
31 years$12,081$8,553$5,931$4,043$2,717$364
32 years$11,576$8,093$5,534$3,715$2,458$304
33 years$11,103$7,664$5,167$3,416$2,224$254
34 years$10,659$7,264$4,828$3,143$2,014$213
35 years$10,241$6,890$4,514$2,894$1,824$178
36 years$9,847$6,539$4,222$2,665$1,653$148
37 years$9,475$6,211$3,952$2,455$1,498$124
38 years$9,124$5,902$3,701$2,263$1,358$104
39 years$8,791$5,613$3,467$2,087$1,232$87
40 years$8,476$5,340$3,250$1,925$1,117$73
41 years$8,177$5,083$3,047$1,776$1,013$61
42 years$7,894$4,841$2,859$1,639$920$51
43 years$7,624$4,612$2,682$1,513$835$42
44 years$7,366$4,397$2,518$1,397$758$35
45 years$7,122$4,193$2,364$1,290$688$30
46 years$6,888$4,000$2,221$1,192$624$25
47 years$6,665$3,817$2,086$1,101$567$21
48 years$6,452$3,644$1,960$1,017$515$17
49 years$6,248$3,480$1,843$940$468$14
50 years$6,053$3,324$1,732$869$425$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $6,200,000, adding $6,532 every year, while hoping to spend $36,667 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: 80/15/5 Blend
29$6,200,000$6,200,000$6,200,000$6,200,000
30$6,839,138$6,510,538$6,414,438$7,384,672
31$7,497,716$6,790,541$6,590,308$8,022,568
32$8,222,241$7,083,035$6,770,841$8,716,774
33$9,019,400$7,388,594$6,956,154$9,477,319
34$9,896,561$7,707,817$7,146,368$10,310,802
35$10,861,844$8,041,334$7,341,605$11,224,486
36$11,924,195$8,389,802$7,541,991$12,226,366
37$13,093,470$8,753,910$7,747,655$13,325,249
38$14,380,531$9,134,378$7,958,729$14,530,831
39$15,797,345$9,531,963$8,175,347$15,853,786
40$17,357,100$9,947,455$8,397,646$17,305,874
41$19,074,325$10,381,680$8,625,768$18,900,040
42$20,965,031$10,835,508$8,859,856$20,650,544
43$23,046,860$11,309,844$9,100,057$22,573,091
44$25,339,253$11,805,640$9,346,523$24,684,976
45$27,863,631$12,323,890$9,599,405$27,005,249
46$30,643,599$12,865,638$9,858,862$29,554,891
47$33,705,166$13,431,974$10,125,054$32,357,015
48$37,076,994$14,024,042$10,398,145$35,437,076
49$40,790,667$14,643,040$10,678,303$38,823,115
50$44,880,987$15,290,221$10,965,698$42,546,020
51$49,386,304$15,966,898$11,260,505$46,639,818
52$54,348,879$16,674,447$11,562,903$51,141,990
53$59,815,279$17,414,310$11,873,075$56,093,827
54$65,836,820$18,187,994$12,191,206$61,540,817
55$72,470,051$18,997,080$12,517,486$67,533,071
56$79,777,284$19,843,225$12,852,110$74,125,795
57$87,827,186$20,728,163$13,195,275$81,379,809
58$96,695,427$21,653,710$13,547,184$89,362,118
59$106,465,388$22,621,770$13,908,043$98,146,545
60$117,228,957$23,634,336$14,278,062$107,814,421
61$129,087,389$24,693,497$14,657,455$118,455,353
62$142,152,265$25,801,441$15,046,442$130,168,066
63$156,546,545$26,960,460$15,445,247$143,061,334
64$172,405,725$28,172,955$15,854,095$157,255,001
65$189,879,122$29,441,443$16,273,220$172,881,112
66$209,131,278$30,768,559$16,702,859$190,085,156
67$230,343,515$32,157,065$17,143,251$209,027,432
68$253,715,646$33,609,855$17,594,643$229,884,566
69$279,467,864$35,129,959$18,057,286$252,851,168
70$307,842,815$36,720,555$18,531,433$278,141,668
71$339,107,891$38,384,972$19,017,345$305,992,337
72$373,557,755$40,126,695$19,515,286$336,663,515
73$411,517,123$41,949,380$20,025,525$370,442,057
74$453,343,826$43,856,856$20,548,336$407,644,045
75$499,432,189$45,853,134$21,083,998$448,617,763
76$550,216,754$47,942,420$21,632,794$493,746,980
77$606,176,384$50,129,119$22,195,013$543,454,569
78$667,838,777$52,417,849$22,770,948$598,206,492
79$735,785,456$54,813,446$23,360,898$658,516,195
80$810,657,250$57,320,983$23,965,166$724,949,448
81$893,160,349$59,945,771$24,584,059$798,129,682
82$984,072,971$62,693,380$25,217,891$878,743,864
83$1,084,252,704$65,569,645$25,866,980$967,548,980
84$1,194,644,605$68,580,682$26,531,649$1,065,379,172
85$1,316,290,120$71,732,902$27,212,225$1,173,153,605
86$1,450,336,918$75,033,020$27,909,041$1,291,885,138
87$1,598,049,724$78,488,078$28,622,434$1,422,689,879
88$1,760,822,257$82,105,455$29,352,746$1,566,797,710
89$1,940,190,390$85,892,885$30,100,325$1,725,563,891
90$2,137,846,646$89,858,472$30,865,523$1,900,481,846
91$2,355,656,180$94,010,714$31,648,695$2,093,197,252
92$2,595,674,387$98,358,515$32,450,202$2,305,523,563
93$2,860,166,300$102,911,208$33,270,409$2,539,459,123
94$3,151,627,982$107,678,577$34,109,688$2,797,206,019
95$3,472,810,084$112,670,875$34,968,410$3,081,190,858
96$3,826,743,817$117,898,852$35,846,956$3,394,087,668
97$4,216,769,563$123,373,773$36,745,706$3,738,843,125
98$4,646,568,420$129,107,449$37,665,048$4,118,704,359
99$5,120,196,942$135,112,258$38,605,371$4,537,249,603
100$5,642,125,448$141,401,176$39,567,069$4,998,421,948