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

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 $6,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$520,248$515,614$511,093$506,680$502,371$483,585
2 years$257,549$252,752$248,103$243,596$239,224$220,513
3 years$169,994$165,176$160,539$156,074$151,774$133,726
4 years$126,225$121,422$116,831$112,443$108,246$90,999
5 years$99,970$95,196$90,666$86,367$82,287$65,885
6 years$82,473$77,735$73,272$69,068$65,111$49,566
7 years$69,980$65,282$60,889$56,785$52,953$38,260
8 years$60,614$55,958$51,639$47,635$43,929$30,076
9 years$53,333$48,722$44,476$40,575$36,995$23,961
10 years$47,512$42,946$38,776$34,976$31,521$19,284
11 years$42,753$38,232$34,137$30,439$27,110$15,641
12 years$38,789$34,315$30,296$26,700$23,493$12,765
13 years$35,438$31,011$27,068$23,572$20,486$10,468
14 years$32,569$28,188$24,320$20,924$17,958$8,618
15 years$30,084$25,750$21,958$18,661$15,812$7,118
16 years$27,911$23,625$19,908$16,709$13,974$5,894
17 years$25,997$21,758$18,116$15,013$12,391$4,890
18 years$24,297$20,106$16,537$13,529$11,017$4,065
19 years$22,777$18,634$15,139$12,225$9,820$3,383
20 years$21,412$17,315$13,894$11,072$8,771$2,819
21 years$20,178$16,128$12,780$10,049$7,849$2,352
22 years$19,057$15,055$11,778$9,136$7,036$1,963
23 years$18,036$14,081$10,875$8,321$6,316$1,640
24 years$17,101$13,193$10,058$7,589$5,677$1,371
25 years$16,242$12,381$9,316$6,931$5,108$1,146
26 years$15,451$11,636$8,640$6,337$4,601$959
27 years$14,719$10,951$8,023$5,801$4,148$803
28 years$14,041$10,319$7,458$5,315$3,743$672
29 years$13,411$9,735$6,940$4,874$3,380$562
30 years$12,824$9,193$6,465$4,473$3,054$471
31 years$12,276$8,691$6,027$4,108$2,761$394
32 years$11,763$8,223$5,623$3,775$2,498$330
33 years$11,282$7,788$5,250$3,472$2,260$277
34 years$10,831$7,381$4,906$3,194$2,047$232
35 years$10,406$7,001$4,586$2,940$1,854$194
36 years$10,006$6,645$4,291$2,708$1,679$163
37 years$9,628$6,311$4,016$2,495$1,522$136
38 years$9,271$5,998$3,761$2,300$1,380$114
39 years$8,933$5,703$3,523$2,121$1,251$96
40 years$8,613$5,426$3,302$1,956$1,135$80
41 years$8,309$5,165$3,097$1,805$1,030$67
42 years$8,021$4,919$2,905$1,665$934$56
43 years$7,746$4,687$2,726$1,537$848$47
44 years$7,485$4,468$2,559$1,419$770$40
45 years$7,236$4,260$2,402$1,311$699$33
46 years$6,999$4,064$2,256$1,211$634$28
47 years$6,773$3,878$2,120$1,119$576$23
48 years$6,556$3,702$1,992$1,034$523$20
49 years$6,349$3,536$1,872$955$475$16
50 years$6,151$3,377$1,760$883$432$14

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 $6,988 every year, while hoping to spend $26,433 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: 49/35/16 Blend
29$6,300,000$6,300,000$6,300,000$6,300,000
30$6,949,808$6,615,908$6,518,258$7,259,125
31$7,630,564$6,911,963$6,708,495$7,769,435
32$8,379,871$7,221,639$6,904,219$8,320,172
33$9,204,694$7,545,575$7,105,587$8,917,857
34$10,112,706$7,884,441$7,312,757$9,566,906
35$11,112,362$8,238,940$7,525,895$10,272,170
36$12,212,981$8,609,806$7,745,170$11,038,978
37$13,424,829$8,997,809$7,970,757$11,873,185
38$14,759,218$9,403,758$8,202,834$12,781,226
39$16,228,613$9,828,498$8,441,584$13,770,173
40$17,846,752$10,272,915$8,687,197$14,847,800
41$19,628,770$10,737,936$8,939,867$16,022,653
42$21,591,345$11,224,536$9,199,794$17,304,128
43$23,752,857$11,733,733$9,467,181$18,702,559
44$26,133,558$12,266,595$9,742,241$20,229,307
45$28,755,764$12,824,242$10,025,190$21,896,871
46$31,644,068$13,407,846$10,316,250$23,718,996
47$34,825,568$14,018,636$10,615,650$25,710,805
48$38,330,126$14,657,899$10,923,624$27,888,934
49$42,190,648$15,326,985$11,240,415$30,271,687
50$46,443,395$16,027,308$11,566,269$32,879,204
51$51,128,326$16,760,350$11,901,443$35,733,649
52$56,289,471$17,527,664$12,246,198$38,859,412
53$61,975,355$18,330,877$12,600,803$42,283,336
54$68,239,445$19,171,694$12,965,534$46,034,965
55$75,140,665$20,051,904$13,340,677$50,146,819
56$82,743,945$20,973,379$13,726,521$54,654,696
57$91,120,836$21,938,083$14,123,367$59,598,002
58$100,350,185$22,948,073$14,531,524$65,020,120
59$110,518,880$24,005,505$14,951,307$70,968,813
60$121,722,672$25,112,641$15,383,042$77,496,666
61$134,067,073$26,271,848$15,827,062$84,661,579
62$147,668,356$27,485,611$16,283,710$92,527,307
63$162,654,653$28,756,530$16,753,339$101,164,052
64$179,167,162$30,087,335$17,236,311$110,649,119
65$197,361,482$31,480,884$17,732,996$121,067,640
66$217,409,080$32,940,173$18,243,778$132,513,367
67$239,498,909$34,468,345$18,769,048$145,089,550
68$263,839,195$36,068,691$19,309,208$158,909,902
69$290,659,399$37,744,663$19,864,673$174,099,663
70$320,212,386$39,499,879$20,435,867$190,796,773
71$352,776,807$41,338,131$21,023,227$209,153,165
72$388,659,736$43,263,395$21,627,200$229,336,184
73$428,199,564$45,279,836$22,248,246$251,530,163
74$471,769,196$47,391,824$22,886,838$275,938,143
75$519,779,568$49,603,938$23,543,461$302,783,784
76$572,683,530$51,920,977$24,218,614$332,313,461
77$630,980,120$54,347,975$24,912,807$364,798,577
78$695,219,272$56,890,206$25,626,566$400,538,109
79$766,007,012$59,553,200$26,360,430$439,861,419
80$844,011,176$62,342,755$27,114,953$483,131,345
81$929,967,715$65,264,949$27,890,703$530,747,612
82$1,024,687,644$68,326,154$28,688,264$583,150,588
83$1,129,064,697$71,533,049$29,508,234$640,825,423
84$1,244,083,766$74,892,638$30,351,230$704,306,613
85$1,370,830,195$78,412,262$31,217,881$774,183,022
86$1,510,500,032$82,099,620$32,108,837$851,103,424
87$1,664,411,314$85,962,780$33,024,762$935,782,609
88$1,834,016,516$90,010,204$33,966,339$1,029,008,101
89$2,020,916,259$94,250,762$34,934,270$1,131,647,579
90$2,226,874,422$98,693,755$35,929,273$1,244,657,034
91$2,453,834,796$103,348,932$36,952,086$1,369,089,778
92$2,703,939,433$108,226,517$38,003,469$1,506,106,355
93$2,979,548,867$113,337,229$39,084,197$1,656,985,470
94$3,283,264,404$118,692,305$40,195,070$1,823,136,035
95$3,617,952,674$124,303,529$41,336,906$2,006,110,435
96$3,986,772,700$130,183,255$42,510,545$2,207,619,154
97$4,393,205,717$136,344,436$43,716,850$2,429,546,889
98$4,841,088,041$142,800,654$44,956,706$2,673,970,307
99$5,334,647,286$149,566,151$46,231,020$2,943,177,614
100$5,878,542,274$156,655,857$47,540,724$3,239,690,117