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

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 $6,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$511,990$507,430$502,980$498,637$494,397$479,724
2 years$253,460$248,740$244,165$239,729$235,427$220,766
3 years$167,295$162,554$157,991$153,597$149,365$135,174
4 years$124,221$119,495$114,977$110,658$106,528$92,918
5 years$98,383$93,685$89,227$84,996$80,981$67,987
6 years$81,164$76,501$72,109$67,972$64,077$51,712
7 years$68,869$64,245$59,923$55,883$52,112$40,375
8 years$59,652$55,070$50,819$46,879$43,232$32,116
9 years$52,487$47,949$43,770$39,931$36,408$25,901
10 years$46,758$42,264$38,160$34,421$31,021$21,109
11 years$42,074$37,625$33,596$29,956$26,679$17,345
12 years$38,174$33,771$29,815$26,276$23,120$14,345
13 years$34,876$30,519$26,638$23,198$20,161$11,925
14 years$32,052$27,741$23,934$20,592$17,673$9,956
15 years$29,606$25,342$21,609$18,365$15,561$8,340
16 years$27,468$23,250$19,592$16,443$13,752$7,006
17 years$25,584$21,413$17,828$14,774$12,194$5,899
18 years$23,911$19,786$16,275$13,315$10,842$4,977
19 years$22,416$18,338$14,899$12,031$9,664$4,206
20 years$21,072$17,040$13,673$10,896$8,632$3,559
21 years$19,857$15,872$12,577$9,889$7,725$3,015
22 years$18,755$14,816$11,591$8,991$6,924$2,557
23 years$17,750$13,857$10,703$8,189$6,215$2,170
24 years$16,830$12,984$9,898$7,469$5,587$1,843
25 years$15,985$12,184$9,168$6,821$5,027$1,566
26 years$15,206$11,451$8,503$6,237$4,528$1,331
27 years$14,486$10,777$7,895$5,708$4,083$1,132
28 years$13,818$10,155$7,340$5,230$3,684$963
29 years$13,198$9,580$6,830$4,796$3,326$820
30 years$12,621$9,048$6,362$4,402$3,006$698
31 years$12,081$8,553$5,931$4,043$2,717$594
32 years$11,576$8,093$5,534$3,715$2,458$506
33 years$11,103$7,664$5,167$3,416$2,224$431
34 years$10,659$7,264$4,828$3,143$2,014$367
35 years$10,241$6,890$4,514$2,894$1,824$313
36 years$9,847$6,539$4,222$2,665$1,653$267
37 years$9,475$6,211$3,952$2,455$1,498$227
38 years$9,124$5,902$3,701$2,263$1,358$194
39 years$8,791$5,613$3,467$2,087$1,232$165
40 years$8,476$5,340$3,250$1,925$1,117$141
41 years$8,177$5,083$3,047$1,776$1,013$120
42 years$7,894$4,841$2,859$1,639$920$102
43 years$7,624$4,612$2,682$1,513$835$87
44 years$7,366$4,397$2,518$1,397$758$74
45 years$7,122$4,193$2,364$1,290$688$63
46 years$6,888$4,000$2,221$1,192$624$54
47 years$6,665$3,817$2,086$1,101$567$46
48 years$6,452$3,644$1,960$1,017$515$39
49 years$6,248$3,480$1,843$940$468$33
50 years$6,053$3,324$1,732$869$425$28

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 $3,665 every year, while hoping to spend $54,727 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: 88/6/6 Blend
29$6,200,000$6,200,000$6,200,000$6,200,000
30$6,836,180$6,507,580$6,411,480$7,436,259
31$7,475,242$6,768,223$6,568,036$8,087,981
32$8,177,653$7,039,802$6,728,002$8,796,338
33$8,949,818$7,322,797$6,891,435$9,573,278
34$9,798,793$7,617,708$7,058,391$10,425,679
35$10,732,350$7,925,055$7,228,927$11,361,116
36$11,759,053$8,245,386$7,403,099$12,387,930
37$12,888,338$8,579,272$7,580,965$13,515,313
38$14,130,601$8,927,309$7,762,580$14,753,386
39$15,497,296$9,290,120$7,947,999$16,113,301
40$17,001,042$9,668,359$8,137,280$17,607,341
41$18,655,746$10,062,706$8,330,477$19,249,036
42$20,476,729$10,473,875$8,527,644$21,053,295
43$22,480,872$10,902,612$8,728,837$23,036,538
44$24,686,777$11,349,695$8,934,108$25,216,856
45$27,114,938$11,815,941$9,143,512$27,614,181
46$29,787,941$12,302,201$9,357,098$30,250,470
47$32,730,669$12,809,367$9,574,919$33,149,914
48$35,970,543$13,338,371$9,797,024$36,339,168
49$39,537,776$13,890,189$10,023,462$39,847,595
50$43,465,662$14,465,841$10,254,281$43,707,550
51$47,790,885$15,066,393$10,489,525$47,954,678
52$52,553,871$15,692,962$10,729,239$52,628,254
53$57,799,163$16,346,714$10,973,466$57,771,554
54$63,575,845$17,028,871$11,222,245$63,432,255
55$69,938,007$17,740,711$11,475,616$69,662,894
56$76,945,247$18,483,570$11,733,613$76,521,355
57$84,663,244$19,258,846$11,996,270$84,071,420
58$93,164,368$20,068,002$12,263,618$92,383,365
59$102,528,369$20,912,570$12,535,685$101,534,628
60$112,843,127$21,794,150$12,812,494$111,610,533
61$124,205,481$22,714,419$13,094,069$122,705,099
62$136,722,145$23,675,130$13,380,425$134,921,924
63$150,510,711$24,678,119$13,671,576$148,375,161
64$165,700,763$25,725,306$13,967,533$163,190,596
65$182,435,095$26,818,701$14,268,300$179,506,835
66$200,871,065$27,960,407$14,573,878$197,476,607
67$221,182,072$29,152,625$14,884,262$217,268,209
68$243,559,200$30,397,661$15,199,441$239,067,090
69$268,213,017$31,697,924$15,519,401$263,077,602
70$295,375,562$33,055,941$15,844,119$289,524,926
71$325,302,539$34,474,351$16,173,566$318,657,197
72$358,275,726$35,955,922$16,507,708$350,747,845
73$394,605,636$37,503,548$16,846,503$386,098,175
74$434,634,449$39,120,260$17,189,899$425,040,206
75$478,739,241$40,809,231$17,537,838$467,939,807
76$527,335,542$42,573,782$17,890,254$515,200,150
77$580,881,260$44,417,390$18,247,070$567,265,510
78$639,881,002$46,343,696$18,608,201$624,625,459
79$704,890,839$48,356,511$18,973,550$687,819,486
80$776,523,550$50,459,826$19,343,010$757,442,087
81$855,454,415$52,657,820$19,716,463$834,148,376
82$942,427,580$54,954,868$20,093,780$918,660,265
83$1,038,263,087$57,355,551$20,474,815$1,011,773,279
84$1,143,864,615$59,864,666$20,859,414$1,114,364,060
85$1,260,228,007$62,487,236$21,247,407$1,227,398,647
86$1,388,450,676$65,228,522$21,638,606$1,351,941,583
87$1,529,741,958$68,094,033$22,032,813$1,489,165,973
88$1,685,434,534$71,089,536$22,429,808$1,640,364,547
89$1,856,997,008$74,221,075$22,829,358$1,806,961,865
90$2,046,047,771$77,494,976$23,231,210$1,990,527,761
91$2,254,370,280$80,917,866$23,635,092$2,192,792,161
92$2,483,929,892$84,496,685$24,040,711$2,415,661,411
93$2,736,892,420$88,238,703$24,447,754$2,661,236,268
94$3,015,644,580$92,151,531$24,855,887$2,931,831,732
95$3,322,816,517$96,243,147$25,264,749$3,229,998,895
96$3,661,306,642$100,521,901$25,673,958$3,558,549,023
97$4,034,308,989$104,996,544$26,083,106$3,920,580,089
98$4,445,343,372$109,676,240$26,491,755$4,319,506,017
99$4,898,288,609$114,570,589$26,899,443$4,759,088,909
100$5,397,419,148$119,689,649$27,305,674$5,243,474,556