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%17.1%
1 years$520,248$515,614$511,093$506,680$502,371$487,854
2 years$257,549$252,752$248,103$243,596$239,224$224,714
3 years$169,994$165,176$160,539$156,074$151,774$137,725
4 years$126,225$121,422$116,831$112,443$108,246$94,766
5 years$99,970$95,196$90,666$86,367$82,287$69,413
6 years$82,473$77,735$73,272$69,068$65,111$52,855
7 years$69,980$65,282$60,889$56,785$52,953$41,314
8 years$60,614$55,958$51,639$47,635$43,929$32,902
9 years$53,333$48,722$44,476$40,575$36,995$26,567
10 years$47,512$42,946$38,776$34,976$31,521$21,679
11 years$42,753$38,232$34,137$30,439$27,110$17,837
12 years$38,789$34,315$30,296$26,700$23,493$14,771
13 years$35,438$31,011$27,068$23,572$20,486$12,296
14 years$32,569$28,188$24,320$20,924$17,958$10,279
15 years$30,084$25,750$21,958$18,661$15,812$8,623
16 years$27,911$23,625$19,908$16,709$13,974$7,254
17 years$25,997$21,758$18,116$15,013$12,391$6,117
18 years$24,297$20,106$16,537$13,529$11,017$5,169
19 years$22,777$18,634$15,139$12,225$9,820$4,374
20 years$21,412$17,315$13,894$11,072$8,771$3,707
21 years$20,178$16,128$12,780$10,049$7,849$3,145
22 years$19,057$15,055$11,778$9,136$7,036$2,671
23 years$18,036$14,081$10,875$8,321$6,316$2,271
24 years$17,101$13,193$10,058$7,589$5,677$1,931
25 years$16,242$12,381$9,316$6,931$5,108$1,644
26 years$15,451$11,636$8,640$6,337$4,601$1,400
27 years$14,719$10,951$8,023$5,801$4,148$1,192
28 years$14,041$10,319$7,458$5,315$3,743$1,016
29 years$13,411$9,735$6,940$4,874$3,380$866
30 years$12,824$9,193$6,465$4,473$3,054$739
31 years$12,276$8,691$6,027$4,108$2,761$630
32 years$11,763$8,223$5,623$3,775$2,498$537
33 years$11,282$7,788$5,250$3,472$2,260$458
34 years$10,831$7,381$4,906$3,194$2,047$391
35 years$10,406$7,001$4,586$2,940$1,854$334
36 years$10,006$6,645$4,291$2,708$1,679$285
37 years$9,628$6,311$4,016$2,495$1,522$243
38 years$9,271$5,998$3,761$2,300$1,380$208
39 years$8,933$5,703$3,523$2,121$1,251$177
40 years$8,613$5,426$3,302$1,956$1,135$151
41 years$8,309$5,165$3,097$1,805$1,030$129
42 years$8,021$4,919$2,905$1,665$934$110
43 years$7,746$4,687$2,726$1,537$848$94
44 years$7,485$4,468$2,559$1,419$770$80
45 years$7,236$4,260$2,402$1,311$699$69
46 years$6,999$4,064$2,256$1,211$634$59
47 years$6,773$3,878$2,120$1,119$576$50
48 years$6,556$3,702$1,992$1,034$523$43
49 years$6,349$3,536$1,872$955$475$36
50 years$6,151$3,377$1,760$883$432$31

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 $2,409 every year, while hoping to spend $56,753 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: 65/6/29 Blend
29$6,300,000$6,300,000$6,300,000$6,300,000
30$6,945,085$6,611,185$6,513,535$7,342,880
31$7,593,099$6,874,748$6,671,354$7,875,906
32$8,305,308$7,149,324$6,832,557$8,451,808
33$9,088,201$7,435,392$6,997,199$9,080,100
34$9,948,924$7,733,453$7,165,332$9,765,948
35$10,895,354$8,044,032$7,337,010$10,515,043
36$11,936,167$8,367,676$7,512,287$11,333,650
37$13,080,921$8,704,957$7,691,213$12,228,668
38$14,340,149$9,056,474$7,873,843$13,207,695
39$15,725,454$9,422,852$8,060,227$14,279,099
40$17,249,624$9,804,745$8,250,418$15,452,093
41$18,926,744$10,202,836$8,444,465$16,736,827
42$20,772,336$10,617,839$8,642,419$18,144,480
43$22,803,503$11,050,502$8,844,330$19,687,364
44$25,039,090$11,501,606$9,050,244$21,379,040
45$27,499,860$11,971,968$9,260,210$23,234,449
46$30,208,692$12,462,441$9,474,273$25,270,046
47$33,190,796$12,973,918$9,692,479$27,503,958
48$36,473,951$13,507,333$9,914,870$29,956,155
49$40,088,764$14,063,663$10,141,489$32,648,637
50$44,068,965$14,643,929$10,372,375$35,605,639
51$48,451,716$15,249,199$10,607,567$38,853,861
52$53,277,972$15,880,590$10,847,102$42,422,719
53$58,592,858$16,539,272$11,091,012$46,344,621
54$64,446,098$17,226,465$11,339,330$50,655,271
55$70,892,488$17,943,449$11,592,085$55,394,007
56$77,992,405$18,691,561$11,849,303$60,604,172
57$85,812,383$19,472,201$12,111,007$66,333,519
58$94,425,739$20,286,832$12,377,219$72,634,663
59$103,913,263$21,136,985$12,647,954$79,565,575
60$114,363,981$22,024,262$12,923,226$87,190,131
61$125,875,997$22,950,341$13,203,044$95,578,710
62$138,557,415$23,916,974$13,487,413$104,808,860
63$152,527,363$24,925,998$13,776,333$114,966,029
64$167,917,115$25,979,332$14,069,800$126,144,366
65$184,871,327$27,078,987$14,367,806$138,447,616
66$203,549,410$28,227,064$14,670,334$151,990,089
67$224,127,025$29,425,765$14,977,365$166,897,748
68$246,797,747$30,677,393$15,288,873$183,309,386
69$271,774,890$31,984,359$15,604,823$201,377,942
70$299,293,521$33,349,185$15,925,177$221,271,942
71$329,612,677$34,774,511$16,249,887$243,177,087
72$363,017,809$36,263,102$16,578,898$267,298,004
73$399,823,482$37,817,849$16,912,147$293,860,179
74$440,376,335$39,441,782$17,249,562$323,112,079
75$485,058,361$41,138,070$17,591,062$355,327,501
76$534,290,509$42,910,030$17,936,558$390,808,154
77$588,536,656$44,761,137$18,285,947$429,886,501
78$648,307,988$46,695,026$18,639,120$472,928,902
79$714,167,825$48,715,504$18,995,953$520,339,065
80$786,736,937$50,826,557$19,356,310$572,561,860
81$866,699,403$53,032,357$19,720,046$630,087,511
82$954,809,073$55,337,274$20,086,998$693,456,228
83$1,051,896,679$57,745,880$20,456,993$763,263,302
84$1,158,877,679$60,262,967$20,829,841$840,164,719
85$1,276,760,898$62,893,548$21,205,336$924,883,356
86$1,406,658,053$65,642,875$21,583,258$1,018,215,801
87$1,549,794,245$68,516,447$21,963,368$1,121,039,870
88$1,707,519,527$71,520,022$22,345,410$1,234,322,891
89$1,881,321,645$74,659,629$22,729,107$1,359,130,834
90$2,072,840,085$77,941,584$23,114,165$1,496,638,374
91$2,283,881,551$81,372,498$23,500,267$1,648,139,974
92$2,516,437,017$84,959,299$23,887,073$1,815,062,105
93$2,772,700,526$88,709,238$24,274,224$1,998,976,709
94$3,055,089,902$92,629,913$24,661,333$2,201,616,036
95$3,366,269,573$96,729,279$25,047,988$2,424,888,995
96$3,709,175,726$101,015,670$25,433,752$2,670,899,170
97$4,087,044,026$105,497,815$25,818,159$2,941,964,679
98$4,503,440,163$110,184,853$26,200,714$3,240,640,055
99$4,962,293,512$115,086,363$26,580,889$3,569,740,353
100$5,467,934,229$120,212,374$26,958,128$3,932,367,732