Can I retire at age 30 with 6,300,000?

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 $6,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$520,248$515,614$511,093$506,680$502,371$490,824
2 years$257,549$252,752$248,103$243,596$239,224$227,655
3 years$169,994$165,176$160,539$156,074$151,774$140,543
4 years$126,225$121,422$116,831$112,443$108,246$97,441
5 years$99,970$95,196$90,666$86,367$82,287$71,937
6 years$82,473$77,735$73,272$69,068$65,111$55,228
7 years$69,980$65,282$60,889$56,785$52,953$43,537
8 years$60,614$55,958$51,639$47,635$43,929$34,978
9 years$53,333$48,722$44,476$40,575$36,995$28,501
10 years$47,512$42,946$38,776$34,976$31,521$23,475
11 years$42,753$38,232$34,137$30,439$27,110$19,501
12 years$38,789$34,315$30,296$26,700$23,493$16,309
13 years$35,438$31,011$27,068$23,572$20,486$13,714
14 years$32,569$28,188$24,320$20,924$17,958$11,583
15 years$30,084$25,750$21,958$18,661$15,812$9,819
16 years$27,911$23,625$19,908$16,709$13,974$8,350
17 years$25,997$21,758$18,116$15,013$12,391$7,118
18 years$24,297$20,106$16,537$13,529$11,017$6,081
19 years$22,777$18,634$15,139$12,225$9,820$5,205
20 years$21,412$17,315$13,894$11,072$8,771$4,462
21 years$20,178$16,128$12,780$10,049$7,849$3,829
22 years$19,057$15,055$11,778$9,136$7,036$3,290
23 years$18,036$14,081$10,875$8,321$6,316$2,830
24 years$17,101$13,193$10,058$7,589$5,677$2,436
25 years$16,242$12,381$9,316$6,931$5,108$2,098
26 years$15,451$11,636$8,640$6,337$4,601$1,808
27 years$14,719$10,951$8,023$5,801$4,148$1,559
28 years$14,041$10,319$7,458$5,315$3,743$1,345
29 years$13,411$9,735$6,940$4,874$3,380$1,161
30 years$12,824$9,193$6,465$4,473$3,054$1,002
31 years$12,276$8,691$6,027$4,108$2,761$865
32 years$11,763$8,223$5,623$3,775$2,498$748
33 years$11,282$7,788$5,250$3,472$2,260$646
34 years$10,831$7,381$4,906$3,194$2,047$558
35 years$10,406$7,001$4,586$2,940$1,854$482
36 years$10,006$6,645$4,291$2,708$1,679$417
37 years$9,628$6,311$4,016$2,495$1,522$360
38 years$9,271$5,998$3,761$2,300$1,380$311
39 years$8,933$5,703$3,523$2,121$1,251$269
40 years$8,613$5,426$3,302$1,956$1,135$233
41 years$8,309$5,165$3,097$1,805$1,030$201
42 years$8,021$4,919$2,905$1,665$934$174
43 years$7,746$4,687$2,726$1,537$848$151
44 years$7,485$4,468$2,559$1,419$770$130
45 years$7,236$4,260$2,402$1,311$699$113
46 years$6,999$4,064$2,256$1,211$634$97
47 years$6,773$3,878$2,120$1,119$576$84
48 years$6,556$3,702$1,992$1,034$523$73
49 years$6,349$3,536$1,872$955$475$63
50 years$6,151$3,377$1,760$883$432$55

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $6,300,000, adding $2,264 every year, while hoping to spend $28,049 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: 51/19/30 Blend
29$6,300,000$6,300,000$6,300,000$6,300,000
30$6,944,935$6,611,035$6,513,385$7,240,146
31$7,623,475$6,905,132$6,701,740$7,740,812
32$8,370,285$7,212,700$6,895,464$8,281,967
33$9,192,301$7,534,368$7,094,708$8,869,913
34$10,097,161$7,870,798$7,299,627$9,509,123
35$11,093,286$8,222,682$7,510,379$10,204,516
36$12,189,951$8,590,743$7,727,127$10,961,501
37$13,397,379$8,975,742$7,950,038$11,786,025
38$14,726,831$9,378,473$8,179,284$12,684,631
39$16,190,720$9,799,770$8,415,042$13,664,515
40$17,802,720$10,240,506$8,657,493$14,733,592
41$19,577,902$10,701,595$8,906,823$15,900,573
42$21,532,871$11,183,996$9,163,224$17,175,040
43$23,685,924$11,688,712$9,426,892$18,567,539
44$26,057,224$12,216,795$9,698,030$20,089,673
45$28,668,990$12,769,347$9,976,843$21,754,213
46$31,545,705$13,347,523$10,263,545$23,575,216
47$34,714,348$13,952,533$10,558,355$25,568,154
48$38,204,649$14,585,644$10,861,497$27,750,058
49$42,049,367$15,248,185$11,173,201$30,139,675
50$46,284,604$15,941,547$11,493,705$32,757,646
51$50,950,140$16,667,190$11,823,251$35,626,696
52$56,089,813$17,426,641$12,162,088$38,771,842
53$61,751,930$18,221,502$12,510,474$42,220,634
54$67,989,723$19,053,451$12,868,670$46,003,406
55$74,861,851$19,924,247$13,236,948$50,153,559
56$82,432,959$20,835,733$13,615,584$54,707,879
57$90,774,277$21,789,841$14,004,863$59,706,872
58$99,964,305$22,788,595$14,405,077$65,195,149
59$110,089,544$23,834,116$14,816,527$71,221,844
60$121,245,316$24,928,627$15,239,520$77,841,067
61$133,536,667$26,074,458$15,674,372$85,112,418
62$147,079,352$27,274,051$16,121,409$93,101,543
63$162,000,932$28,529,966$16,580,962$101,880,745
64$178,441,977$29,844,884$17,053,374$111,529,670
65$196,557,392$31,221,617$17,538,996$122,136,046
66$216,517,881$32,663,111$18,038,187$133,796,512
67$238,511,557$34,172,456$18,551,318$146,617,520
68$262,745,717$35,752,887$19,078,768$160,716,339
69$289,448,799$37,407,797$19,620,926$176,222,152
70$318,872,540$39,140,743$20,178,191$193,277,275
71$351,294,352$40,955,452$20,750,973$212,038,488
72$387,019,939$42,855,832$21,339,693$232,678,511
73$426,386,182$44,845,978$21,944,783$255,387,631
74$469,764,324$46,930,182$22,566,685$280,375,484
75$517,563,469$49,112,945$23,205,853$307,873,035
76$570,234,448$51,398,984$23,862,753$338,134,743
77$628,274,070$53,793,243$24,537,864$371,440,961
78$692,229,819$56,300,905$25,231,676$408,100,569
79$762,705,015$58,927,405$25,944,692$448,453,885
80$840,364,516$61,678,437$26,677,429$492,875,868
81$925,940,989$64,559,973$27,430,415$541,779,647
82$1,020,241,830$67,578,271$28,204,194$595,620,409
83$1,124,156,785$70,739,895$28,999,323$654,899,691
84$1,238,666,350$74,051,722$29,816,373$720,170,100
85$1,364,851,025$77,520,964$30,655,929$792,040,518
86$1,503,901,520$81,155,182$31,518,593$871,181,840
87$1,657,129,989$84,962,300$32,404,980$958,333,295
88$1,825,982,424$88,950,628$33,315,722$1,054,309,410
89$2,012,052,300$93,128,878$34,251,468$1,160,007,690
90$2,217,095,622$97,506,181$35,212,880$1,276,417,070
91$2,443,047,505$102,092,113$36,200,640$1,404,627,242
92$2,692,040,435$106,896,711$37,215,446$1,545,838,925
93$2,966,424,410$111,930,500$38,258,014$1,701,375,185
94$3,268,789,120$117,204,515$39,329,078$1,872,693,905
95$3,601,988,396$122,730,323$40,429,388$2,061,401,536
96$3,969,167,157$128,520,053$41,559,717$2,269,268,241
97$4,373,791,094$134,586,422$42,720,854$2,498,244,588
98$4,819,679,392$140,942,763$43,913,610$2,750,479,945
99$5,311,040,787$147,603,055$45,138,813$3,028,342,749
100$5,852,513,298$154,581,956$46,397,314$3,334,442,846