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%13.9%
1 years$520,248$515,614$511,093$506,680$502,371$494,252
2 years$257,549$252,752$248,103$243,596$239,224$231,067
3 years$169,994$165,176$160,539$156,074$151,774$143,832
4 years$126,225$121,422$116,831$112,443$108,246$100,581
5 years$99,970$95,196$90,666$86,367$82,287$74,921
6 years$82,473$77,735$73,272$69,068$65,111$58,052
7 years$69,980$65,282$60,889$56,785$52,953$46,203
8 years$60,614$55,958$51,639$47,635$43,929$37,488
9 years$53,333$48,722$44,476$40,575$36,995$30,858
10 years$47,512$42,946$38,776$34,976$31,521$25,684
11 years$42,753$38,232$34,137$30,439$27,110$21,566
12 years$38,789$34,315$30,296$26,700$23,493$18,235
13 years$35,438$31,011$27,068$23,572$20,486$15,508
14 years$32,569$28,188$24,320$20,924$17,958$13,250
15 years$30,084$25,750$21,958$18,661$15,812$11,366
16 years$27,911$23,625$19,908$16,709$13,974$9,781
17 years$25,997$21,758$18,116$15,013$12,391$8,441
18 years$24,297$20,106$16,537$13,529$11,017$7,301
19 years$22,777$18,634$15,139$12,225$9,820$6,328
20 years$21,412$17,315$13,894$11,072$8,771$5,494
21 years$20,178$16,128$12,780$10,049$7,849$4,777
22 years$19,057$15,055$11,778$9,136$7,036$4,159
23 years$18,036$14,081$10,875$8,321$6,316$3,624
24 years$17,101$13,193$10,058$7,589$5,677$3,162
25 years$16,242$12,381$9,316$6,931$5,108$2,760
26 years$15,451$11,636$8,640$6,337$4,601$2,412
27 years$14,719$10,951$8,023$5,801$4,148$2,108
28 years$14,041$10,319$7,458$5,315$3,743$1,844
29 years$13,411$9,735$6,940$4,874$3,380$1,614
30 years$12,824$9,193$6,465$4,473$3,054$1,413
31 years$12,276$8,691$6,027$4,108$2,761$1,237
32 years$11,763$8,223$5,623$3,775$2,498$1,084
33 years$11,282$7,788$5,250$3,472$2,260$950
34 years$10,831$7,381$4,906$3,194$2,047$833
35 years$10,406$7,001$4,586$2,940$1,854$730
36 years$10,006$6,645$4,291$2,708$1,679$640
37 years$9,628$6,311$4,016$2,495$1,522$561
38 years$9,271$5,998$3,761$2,300$1,380$492
39 years$8,933$5,703$3,523$2,121$1,251$432
40 years$8,613$5,426$3,302$1,956$1,135$379
41 years$8,309$5,165$3,097$1,805$1,030$332
42 years$8,021$4,919$2,905$1,665$934$292
43 years$7,746$4,687$2,726$1,537$848$256
44 years$7,485$4,468$2,559$1,419$770$225
45 years$7,236$4,260$2,402$1,311$699$197
46 years$6,999$4,064$2,256$1,211$634$173
47 years$6,773$3,878$2,120$1,119$576$152
48 years$6,556$3,702$1,992$1,034$523$133
49 years$6,349$3,536$1,872$955$475$117
50 years$6,151$3,377$1,760$883$432$103

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 $5,182 every year, while hoping to spend $46,724 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: 38/34/28 Blend
29$6,300,000$6,300,000$6,300,000$6,300,000
30$6,947,945$6,614,045$6,516,395$7,153,855
31$7,606,922$6,888,419$6,684,980$7,580,019
32$8,331,548$7,174,672$6,857,647$8,035,626
33$9,128,470$7,473,336$7,034,483$8,527,145
34$10,005,013$7,784,968$7,215,577$9,057,865
35$10,969,244$8,110,151$7,401,019$9,631,401
36$12,030,054$8,449,495$7,590,900$10,251,719
37$13,197,238$8,803,639$7,785,313$10,923,175
38$14,481,588$9,173,249$7,984,353$11,650,556
39$15,894,996$9,559,025$8,188,116$12,439,116
40$17,450,565$9,961,696$8,396,697$13,294,632
41$19,162,732$10,382,029$8,610,195$14,223,451
42$21,047,405$10,820,822$8,828,711$15,232,549
43$23,122,111$11,278,913$9,052,344$16,329,594
44$25,406,165$11,757,179$9,281,196$17,523,015
45$27,920,850$12,256,536$9,515,372$18,822,083
46$30,689,614$12,777,945$9,754,975$20,236,989
47$33,738,299$13,322,408$10,000,111$21,778,944
48$37,095,378$13,890,979$10,250,886$23,460,276
49$40,792,226$14,484,755$10,507,410$25,294,550
50$44,863,415$15,104,891$10,769,791$27,296,683
51$49,347,042$15,752,590$11,038,138$29,483,093
52$54,285,088$16,429,114$11,312,563$31,871,840
53$59,723,811$17,135,785$11,593,178$34,482,799
54$65,714,185$17,873,984$11,880,095$37,337,843
55$72,312,382$18,645,159$12,173,428$40,461,043
56$79,580,298$19,450,825$12,473,291$43,878,893
57$87,586,142$20,292,568$12,779,799$47,620,554
58$96,405,074$21,172,049$13,093,068$51,718,127
59$106,119,919$22,091,008$13,413,213$56,206,949
60$116,821,947$23,051,263$13,740,352$61,125,924
61$128,611,732$24,054,721$14,074,600$66,517,882
62$141,600,104$25,103,378$14,416,075$72,429,980
63$155,909,194$26,199,323$14,764,893$78,914,141
64$171,673,587$27,344,745$15,121,172$86,027,538
65$189,041,590$28,541,935$15,485,029$93,833,128
66$208,176,635$29,793,292$15,856,579$102,400,238
67$229,258,817$31,101,329$16,235,940$111,805,217
68$252,486,599$32,468,676$16,623,227$122,132,144
69$278,078,681$33,898,091$17,018,554$133,473,619
70$306,276,067$35,392,457$17,422,036$145,931,626
71$337,344,337$36,954,799$17,833,785$159,618,492
72$371,576,156$38,588,281$18,253,913$174,657,934
73$409,294,035$40,296,218$18,682,531$191,186,221
74$450,853,377$42,082,083$19,119,746$209,353,453
75$496,645,830$43,949,513$19,565,666$229,324,963
76$547,102,983$45,902,318$20,020,394$251,282,874
77$602,700,443$47,944,487$20,484,033$275,427,804
78$663,962,322$50,080,201$20,956,682$301,980,750
79$731,466,185$52,313,837$21,438,438$331,185,163
80$805,848,503$54,649,983$21,929,393$363,309,234
81$887,810,660$57,093,441$22,429,637$398,648,416
82$978,125,574$59,649,246$22,939,256$437,528,194
83$1,077,644,992$62,322,669$23,458,331$480,307,153
84$1,187,307,536$65,119,235$23,986,940$527,380,340
85$1,308,147,556$68,044,728$24,525,153$579,182,987
86$1,441,304,900$71,105,213$25,073,039$636,194,597
87$1,588,035,670$74,307,039$25,630,657$698,943,460
88$1,749,724,086$77,656,862$26,198,061$768,011,621
89$1,927,895,547$81,161,652$26,775,300$844,040,356
90$2,124,231,035$84,828,715$27,362,415$927,736,212
91$2,340,582,981$88,665,703$27,959,437$1,019,877,652
92$2,578,992,759$92,680,636$28,566,391$1,121,322,389
93$2,841,709,948$96,881,915$29,183,293$1,233,015,460
94$3,131,213,579$101,278,344$29,810,149$1,355,998,124
95$3,450,235,530$105,879,149$30,446,955$1,491,417,674
96$3,801,786,322$110,693,996$31,093,696$1,640,538,240
97$4,189,183,538$115,733,013$31,750,347$1,804,752,697
98$4,616,083,143$121,006,815$32,416,867$1,985,595,794
99$5,086,513,999$126,526,524$33,093,208$2,184,758,608
100$5,604,915,899$132,303,796$33,779,302$2,404,104,488