Can I retire at age 30 with 6,400,000?

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 $6,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$528,506$523,798$519,205$514,722$510,345$501,066
2 years$261,637$256,764$252,041$247,463$243,021$233,706
3 years$172,692$167,798$163,088$158,552$154,183$145,121
4 years$128,228$123,349$118,686$114,228$109,964$101,227
5 years$101,557$96,707$92,105$87,738$83,593$75,204
6 years$83,782$78,969$74,435$70,165$66,144$58,114
7 years$71,090$66,318$61,856$57,686$53,793$46,123
8 years$61,576$56,847$52,458$48,392$44,627$37,315
9 years$54,180$49,495$45,182$41,219$37,582$30,624
10 years$48,267$43,628$39,391$35,531$32,022$25,412
11 years$43,432$38,839$34,679$30,923$27,540$21,270
12 years$39,405$34,860$30,777$27,123$23,865$17,928
13 years$36,001$31,503$27,497$23,946$20,811$15,196
14 years$33,086$28,636$24,706$21,256$18,243$12,940
15 years$30,561$26,159$22,306$18,957$16,062$11,061
16 years$28,354$24,000$20,224$16,974$14,196$9,486
17 years$26,409$22,104$18,403$15,251$12,587$8,157
18 years$24,682$20,425$16,800$13,744$11,192$7,030
19 years$23,139$18,929$15,379$12,419$9,976$6,071
20 years$21,752$17,590$14,114$11,248$8,910$5,251
21 years$20,498$16,384$12,982$10,208$7,974$4,548
22 years$19,360$15,294$11,965$9,282$7,147$3,945
23 years$18,322$14,304$11,048$8,453$6,416$3,424
24 years$17,373$13,402$10,217$7,709$5,767$2,976
25 years$16,500$12,577$9,463$7,041$5,189$2,588
26 years$15,696$11,821$8,777$6,438$4,674$2,252
27 years$14,953$11,125$8,150$5,893$4,214$1,961
28 years$14,264$10,483$7,577$5,399$3,803$1,708
29 years$13,624$9,889$7,051$4,951$3,434$1,489
30 years$13,028$9,339$6,567$4,544$3,103$1,298
31 years$12,471$8,829$6,123$4,173$2,805$1,132
32 years$11,950$8,354$5,712$3,835$2,537$987
33 years$11,461$7,911$5,334$3,527$2,296$862
34 years$11,003$7,498$4,984$3,245$2,079$752
35 years$10,571$7,112$4,659$2,987$1,883$657
36 years$10,165$6,750$4,359$2,751$1,706$573
37 years$9,781$6,411$4,080$2,535$1,546$501
38 years$9,418$6,093$3,820$2,336$1,402$437
39 years$9,075$5,794$3,579$2,154$1,271$382
40 years$8,750$5,512$3,355$1,987$1,153$334
41 years$8,441$5,247$3,146$1,833$1,046$291
42 years$8,148$4,997$2,951$1,692$949$255
43 years$7,869$4,761$2,769$1,562$861$222
44 years$7,604$4,538$2,599$1,442$782$194
45 years$7,351$4,328$2,441$1,332$710$170
46 years$7,110$4,129$2,292$1,230$645$148
47 years$6,880$3,940$2,153$1,137$585$130
48 years$6,660$3,761$2,024$1,050$532$113
49 years$6,450$3,592$1,902$971$483$99
50 years$6,249$3,431$1,788$897$438$87

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $6,400,000, adding $3,435 every year, while hoping to spend $27,021 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: 48/40/12 Blend
29$6,400,000$6,400,000$6,400,000$6,400,000
30$7,056,343$6,717,143$6,617,943$7,371,537
31$7,747,340$7,017,533$6,810,894$7,889,364
32$8,507,913$7,331,736$7,009,403$8,448,201
33$9,345,130$7,660,402$7,213,628$9,054,359
34$10,266,780$8,004,208$7,423,731$9,712,263
35$11,281,444$8,363,867$7,639,879$10,426,771
36$12,398,579$8,740,123$7,862,242$11,203,220
37$13,628,604$9,133,759$8,090,997$12,047,470
38$14,983,000$9,545,592$8,326,325$12,965,962
39$16,474,420$9,976,480$8,568,410$13,965,769
40$18,116,804$10,427,321$8,817,445$15,054,666
41$19,925,513$10,899,055$9,073,625$16,241,200
42$21,917,477$11,392,670$9,337,153$17,534,761
43$24,111,346$11,909,198$9,608,234$18,945,678
44$26,527,677$12,449,721$9,887,083$20,485,302
45$29,189,118$13,015,375$10,173,918$22,166,118
46$32,120,627$13,607,349$10,468,964$24,001,854
47$35,349,709$14,226,886$10,772,452$26,007,610
48$38,906,669$14,875,294$11,084,619$28,199,995
49$42,824,905$15,553,939$11,405,710$30,597,278
50$47,141,219$16,264,255$11,735,974$33,219,558
51$51,896,164$17,007,744$12,075,670$36,088,949
52$57,134,429$17,785,980$12,425,062$39,229,783
53$62,905,260$18,600,613$12,784,421$42,668,836
54$69,262,925$19,453,371$13,154,027$46,435,572
55$76,267,223$20,346,066$13,534,166$50,562,419
56$83,984,053$21,280,596$13,925,134$55,085,069
57$92,486,033$22,258,952$14,327,233$60,042,805
58$101,853,187$23,283,219$14,740,773$65,478,872
59$112,173,698$24,355,583$15,166,076$71,440,871
60$123,544,743$25,478,335$15,603,467$77,981,208
61$136,073,409$26,653,875$16,053,285$85,157,575
62$149,877,702$27,884,720$16,515,876$93,033,494
63$165,087,664$29,173,508$16,991,594$101,678,902
64$181,846,600$30,523,004$17,480,806$111,170,806
65$200,312,426$31,936,104$17,983,887$121,594,002
66$220,659,168$33,415,847$18,501,221$133,041,863
67$243,078,595$34,965,416$19,033,204$145,617,213
68$267,782,038$36,588,148$19,580,243$159,433,289
69$295,002,379$38,287,541$20,142,754$174,614,796
70$324,996,253$40,067,261$20,721,167$191,299,074
71$358,046,465$41,931,151$21,315,921$209,637,385
72$394,464,668$43,883,241$21,927,468$229,796,325
73$434,594,298$45,927,754$22,556,272$251,959,391
74$478,813,818$48,069,115$23,202,809$276,328,689
75$527,540,293$50,311,968$23,867,568$303,126,839
76$581,233,324$52,661,175$24,551,052$332,599,054
77$640,399,387$55,121,836$25,253,776$365,015,446
78$705,596,616$57,699,298$25,976,270$400,673,553
79$777,440,073$60,399,166$26,719,077$439,901,138
80$856,607,549$63,227,314$27,482,755$483,059,259
81$943,845,969$66,189,902$28,267,877$530,545,667
82$1,039,978,437$69,293,386$29,075,030$582,798,533
83$1,145,912,013$72,544,538$29,904,819$640,300,570
84$1,262,646,270$75,950,452$30,757,863$703,583,569
85$1,391,282,736$79,518,570$31,634,797$773,233,393
86$1,533,035,287$83,256,692$32,536,275$849,895,491
87$1,689,241,613$87,172,996$33,462,966$934,280,960
88$1,861,375,840$91,276,056$34,415,558$1,027,173,239
89$2,051,062,453$95,574,860$35,394,757$1,129,435,473
90$2,260,091,629$100,078,834$36,401,287$1,242,018,640
91$2,490,436,136$104,797,858$37,435,891$1,365,970,495
92$2,744,269,961$109,742,291$38,499,332$1,502,445,429
93$3,023,988,829$114,922,996$39,592,392$1,652,715,343
94$3,332,232,827$120,351,361$40,715,875$1,818,181,614
95$3,671,911,323$126,039,325$41,870,604$2,000,388,294
96$4,046,230,434$131,999,408$43,057,426$2,201,036,650
97$4,458,723,296$138,244,736$44,277,206$2,422,001,184
98$4,913,283,415$144,789,071$45,530,836$2,665,347,292
99$5,414,201,433$151,646,845$46,819,229$2,933,350,721
100$5,966,205,627$158,833,188$48,143,320$3,228,519,004