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%19.7%
1 years$511,990$507,430$502,980$498,637$494,397$475,156
2 years$253,460$248,740$244,165$239,729$235,427$216,275
3 years$167,295$162,554$157,991$153,597$149,365$130,904
4 years$124,221$119,495$114,977$110,658$106,528$88,899
5 years$98,383$93,685$89,227$84,996$80,981$64,229
6 years$81,164$76,501$72,109$67,972$64,077$48,214
7 years$68,869$64,245$59,923$55,883$52,112$37,131
8 years$59,652$55,070$50,819$46,879$43,232$29,119
9 years$52,487$47,949$43,770$39,931$36,408$23,142
10 years$46,758$42,264$38,160$34,421$31,021$18,577
11 years$42,074$37,625$33,596$29,956$26,679$15,029
12 years$38,174$33,771$29,815$26,276$23,120$12,232
13 years$34,876$30,519$26,638$23,198$20,161$10,004
14 years$32,052$27,741$23,934$20,592$17,673$8,213
15 years$29,606$25,342$21,609$18,365$15,561$6,764
16 years$27,468$23,250$19,592$16,443$13,752$5,584
17 years$25,584$21,413$17,828$14,774$12,194$4,620
18 years$23,911$19,786$16,275$13,315$10,842$3,828
19 years$22,416$18,338$14,899$12,031$9,664$3,177
20 years$21,072$17,040$13,673$10,896$8,632$2,639
21 years$19,857$15,872$12,577$9,889$7,725$2,195
22 years$18,755$14,816$11,591$8,991$6,924$1,827
23 years$17,750$13,857$10,703$8,189$6,215$1,521
24 years$16,830$12,984$9,898$7,469$5,587$1,267
25 years$15,985$12,184$9,168$6,821$5,027$1,056
26 years$15,206$11,451$8,503$6,237$4,528$881
27 years$14,486$10,777$7,895$5,708$4,083$735
28 years$13,818$10,155$7,340$5,230$3,684$613
29 years$13,198$9,580$6,830$4,796$3,326$512
30 years$12,621$9,048$6,362$4,402$3,006$427
31 years$12,081$8,553$5,931$4,043$2,717$356
32 years$11,576$8,093$5,534$3,715$2,458$298
33 years$11,103$7,664$5,167$3,416$2,224$249
34 years$10,659$7,264$4,828$3,143$2,014$208
35 years$10,241$6,890$4,514$2,894$1,824$173
36 years$9,847$6,539$4,222$2,665$1,653$145
37 years$9,475$6,211$3,952$2,455$1,498$121
38 years$9,124$5,902$3,701$2,263$1,358$101
39 years$8,791$5,613$3,467$2,087$1,232$84
40 years$8,476$5,340$3,250$1,925$1,117$70
41 years$8,177$5,083$3,047$1,776$1,013$59
42 years$7,894$4,841$2,859$1,639$920$49
43 years$7,624$4,612$2,682$1,513$835$41
44 years$7,366$4,397$2,518$1,397$758$34
45 years$7,122$4,193$2,364$1,290$688$29
46 years$6,888$4,000$2,221$1,192$624$24
47 years$6,665$3,817$2,086$1,101$567$20
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 $3,109 every year, while hoping to spend $30,039 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: 39/31/30 Blend
29$6,200,000$6,200,000$6,200,000$6,200,000
30$6,835,607$6,507,007$6,410,907$7,041,314
31$7,500,878$6,793,889$6,593,711$7,479,490
32$8,232,999$7,093,822$6,781,632$7,950,007
33$9,038,758$7,407,412$6,974,810$8,458,245
34$9,925,634$7,735,298$7,173,389$9,007,670
35$10,901,866$8,078,145$7,377,515$9,602,087
36$11,976,534$8,436,651$7,587,339$10,245,671
37$13,159,642$8,811,549$7,803,017$10,943,007
38$14,462,215$9,203,604$8,024,707$11,699,133
39$15,896,399$9,613,619$8,252,573$12,519,581
40$17,475,580$10,042,434$8,486,782$13,410,428
41$19,214,506$10,490,931$8,727,507$14,378,353
42$21,129,430$10,960,031$8,974,922$15,430,696
43$23,238,260$11,450,700$9,229,210$16,575,524
44$25,560,730$11,963,952$9,490,556$17,821,705
45$28,118,585$12,500,846$9,759,151$19,178,988
46$30,935,787$13,062,494$10,035,189$20,658,094
47$34,038,741$13,650,060$10,318,871$22,270,812
48$37,456,542$14,264,762$10,610,403$24,030,107
49$41,221,253$14,907,880$10,909,995$25,950,239
50$45,368,206$15,580,750$11,217,864$28,046,897
51$49,936,332$16,284,777$11,534,232$30,337,336
52$54,968,536$17,021,428$11,859,327$32,840,546
53$60,512,093$17,792,245$12,193,381$35,577,417
54$66,619,101$18,598,840$12,536,634$38,570,938
55$73,346,970$19,442,903$12,889,331$41,846,410
56$80,758,961$20,326,206$13,251,724$45,431,675
57$88,924,790$21,250,605$13,624,072$49,357,378
58$97,921,278$22,218,044$14,006,638$53,657,252
59$107,833,082$23,230,562$14,399,694$58,368,426
60$118,753,491$24,290,294$14,803,518$63,531,775
61$130,785,307$25,399,478$15,218,396$69,192,298
62$144,041,816$26,560,459$15,644,619$75,399,537
63$158,647,854$27,775,696$16,082,488$82,208,035
64$174,740,993$29,047,762$16,532,309$89,677,851
65$192,472,831$30,379,359$16,994,397$97,875,115
66$212,010,425$31,773,313$17,469,075$106,872,644
67$233,537,874$33,232,591$17,956,674$116,750,627
68$257,258,047$34,760,298$18,457,533$127,597,370
69$283,394,506$36,359,691$18,971,999$139,510,120
70$312,193,613$38,034,183$19,500,428$152,595,980
71$343,926,853$39,787,350$20,043,184$166,972,906
72$378,893,404$41,622,941$20,600,642$182,770,812
73$417,422,951$43,544,886$21,173,184$200,132,788
74$459,878,809$45,557,302$21,761,202$219,216,440
75$506,661,344$47,664,506$22,365,099$240,195,366
76$558,211,756$49,871,022$22,985,285$263,260,785
77$615,016,246$52,181,593$23,622,183$288,623,327
78$677,610,601$54,601,188$24,276,224$316,515,015
79$746,585,255$57,135,019$24,947,850$347,191,437
80$822,590,862$59,788,547$25,637,514$380,934,148
81$906,344,440$62,567,495$26,345,681$418,053,313
82$998,636,136$65,477,865$27,072,824$458,890,621
83$1,100,336,688$68,525,947$27,819,430$503,822,494
84$1,212,405,647$71,718,335$28,585,997$553,263,626
85$1,335,900,429$75,061,940$29,373,034$607,670,880
86$1,471,986,306$78,564,008$30,181,064$667,547,584
87$1,621,947,399$82,232,134$31,010,619$733,448,265
88$1,787,198,805$86,074,281$31,862,247$805,983,861
89$1,969,299,958$90,098,795$32,736,507$885,827,474
90$2,169,969,345$94,314,427$33,633,971$973,720,699
91$2,391,100,734$98,730,350$34,555,225$1,070,480,604
92$2,634,781,053$103,356,180$35,500,869$1,177,007,423
93$2,903,310,087$108,202,000$36,471,515$1,294,293,026
94$3,199,222,195$113,278,378$37,467,790$1,423,430,262
95$3,525,310,235$118,596,394$38,490,337$1,565,623,248
96$3,884,651,927$124,167,666$39,539,811$1,722,198,709
97$4,280,638,913$130,004,371$40,616,885$1,894,618,472
98$4,717,008,776$136,119,278$41,722,244$2,084,493,241
99$5,197,880,322$142,525,774$42,856,590$2,293,597,770
100$5,727,792,470$149,237,892$44,020,641$2,523,887,580