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%13.8%
1 years$528,506$523,798$519,205$514,722$510,345$502,304
2 years$261,637$256,764$252,041$247,463$243,021$234,941
3 years$172,692$167,798$163,088$158,552$154,183$146,314
4 years$128,228$123,349$118,686$114,228$109,964$102,369
5 years$101,557$96,707$92,105$87,738$83,593$76,292
6 years$83,782$78,969$74,435$70,165$66,144$59,147
7 years$71,090$66,318$61,856$57,686$53,793$47,101
8 years$61,576$56,847$52,458$48,392$44,627$38,238
9 years$54,180$49,495$45,182$41,219$37,582$31,494
10 years$48,267$43,628$39,391$35,531$32,022$26,230
11 years$43,432$38,839$34,679$30,923$27,540$22,038
12 years$39,405$34,860$30,777$27,123$23,865$18,647
13 years$36,001$31,503$27,497$23,946$20,811$15,868
14 years$33,086$28,636$24,706$21,256$18,243$13,567
15 years$30,561$26,159$22,306$18,957$16,062$11,645
16 years$28,354$24,000$20,224$16,974$14,196$10,029
17 years$26,409$22,104$18,403$15,251$12,587$8,661
18 years$24,682$20,425$16,800$13,744$11,192$7,497
19 years$23,139$18,929$15,379$12,419$9,976$6,503
20 years$21,752$17,590$14,114$11,248$8,910$5,650
21 years$20,498$16,384$12,982$10,208$7,974$4,916
22 years$19,360$15,294$11,965$9,282$7,147$4,283
23 years$18,322$14,304$11,048$8,453$6,416$3,736
24 years$17,373$13,402$10,217$7,709$5,767$3,261
25 years$16,500$12,577$9,463$7,041$5,189$2,850
26 years$15,696$11,821$8,777$6,438$4,674$2,492
27 years$14,953$11,125$8,150$5,893$4,214$2,180
28 years$14,264$10,483$7,577$5,399$3,803$1,908
29 years$13,624$9,889$7,051$4,951$3,434$1,671
30 years$13,028$9,339$6,567$4,544$3,103$1,464
31 years$12,471$8,829$6,123$4,173$2,805$1,284
32 years$11,950$8,354$5,712$3,835$2,537$1,125
33 years$11,461$7,911$5,334$3,527$2,296$987
34 years$11,003$7,498$4,984$3,245$2,079$866
35 years$10,571$7,112$4,659$2,987$1,883$760
36 years$10,165$6,750$4,359$2,751$1,706$667
37 years$9,781$6,411$4,080$2,535$1,546$585
38 years$9,418$6,093$3,820$2,336$1,402$514
39 years$9,075$5,794$3,579$2,154$1,271$451
40 years$8,750$5,512$3,355$1,987$1,153$396
41 years$8,441$5,247$3,146$1,833$1,046$348
42 years$8,148$4,997$2,951$1,692$949$305
43 years$7,869$4,761$2,769$1,562$861$268
44 years$7,604$4,538$2,599$1,442$782$236
45 years$7,351$4,328$2,441$1,332$710$207
46 years$7,110$4,129$2,292$1,230$645$182
47 years$6,880$3,940$2,153$1,137$585$160
48 years$6,660$3,761$2,024$1,050$532$140
49 years$6,450$3,592$1,902$971$483$123
50 years$6,249$3,431$1,788$897$438$108

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 $6,821 every year, while hoping to spend $38,221 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: 57/27/16 Blend
29$6,400,000$6,400,000$6,400,000$6,400,000
30$7,059,836$6,720,636$6,621,436$7,432,432
31$7,739,272$7,009,280$6,802,587$7,974,581
32$8,486,730$7,310,787$6,988,526$8,560,330
33$9,309,107$7,625,746$7,179,372$9,197,764
34$10,214,004$7,954,776$7,375,249$9,891,852
35$11,209,795$8,298,522$7,576,282$10,648,057
36$12,305,705$8,657,661$7,782,599$11,472,389
37$13,511,903$9,032,902$7,994,332$12,371,457
38$14,839,590$9,424,987$8,211,615$13,352,529
39$16,301,109$9,834,693$8,434,585$14,423,601
40$17,910,062$10,262,832$8,663,383$15,593,470
41$19,681,434$10,710,257$8,898,153$16,871,816
42$21,631,740$11,177,859$9,139,040$18,269,287
43$23,779,175$11,666,571$9,386,195$19,797,602
44$26,143,789$12,177,372$9,639,771$21,469,659
45$28,747,677$12,711,285$9,899,925$23,299,652
46$31,615,185$13,269,382$10,166,817$25,303,203
47$34,773,138$13,852,786$10,440,610$27,497,508
48$38,251,098$14,462,673$10,721,470$29,901,497
49$42,081,640$15,100,274$11,009,570$32,536,008
50$46,300,659$15,766,878$11,305,081$35,423,982
51$50,947,708$16,463,837$11,608,184$38,590,677
52$56,066,374$17,192,565$11,919,058$42,063,903
53$61,704,687$17,954,544$12,237,889$45,874,279
54$67,915,574$18,751,326$12,564,867$50,055,521
55$74,757,357$19,584,535$12,900,185$54,644,757
56$82,294,305$20,455,875$13,244,039$59,682,872
57$90,597,241$21,367,129$13,596,630$65,214,890
58$99,744,206$22,320,166$13,958,165$71,290,397
59$109,821,203$23,316,941$14,328,851$77,964,003
60$120,923,001$24,359,507$14,708,902$85,295,851
61$133,154,033$25,450,008$15,098,537$93,352,186
62$146,629,382$26,590,697$15,497,976$102,205,970
63$161,475,867$27,783,928$15,907,445$111,937,566
64$177,833,237$29,032,173$16,327,176$122,635,497
65$195,855,494$30,338,016$16,757,404$134,397,267
66$215,712,344$31,704,168$17,198,366$147,330,284
67$237,590,800$33,133,469$17,650,308$161,552,863
68$261,696,946$34,628,894$18,113,478$177,195,336
69$288,257,883$36,193,558$18,588,128$194,401,281
70$317,523,873$37,830,729$19,074,516$213,328,864
71$349,770,700$39,543,826$19,572,905$234,152,330
72$385,302,274$41,336,437$20,083,560$257,063,636
73$424,453,501$43,212,316$20,606,754$282,274,258
74$467,593,439$45,175,402$21,142,762$310,017,180
75$515,128,791$47,229,817$21,691,865$340,549,080
76$567,507,734$49,379,884$22,254,349$374,152,750
77$625,224,157$51,630,133$22,830,504$411,139,752
78$688,822,321$53,985,309$23,420,625$451,853,351
79$758,901,994$56,450,385$24,025,012$496,671,744
80$836,124,117$59,030,574$24,643,970$546,011,622
81$921,217,041$61,731,337$25,277,808$600,332,089
82$1,014,983,405$64,558,398$25,926,839$660,138,988
83$1,118,307,707$67,517,754$26,591,384$725,989,661
84$1,232,164,662$70,615,693$27,271,764$798,498,199
85$1,357,628,398$73,858,802$27,968,308$878,341,225
86$1,495,882,598$77,253,987$28,681,350$966,264,269
87$1,648,231,673$80,808,482$29,411,225$1,063,088,790
88$1,816,113,079$84,529,873$30,158,276$1,169,719,917
89$2,001,110,884$88,426,108$30,922,850$1,287,154,975
90$2,204,970,725$92,505,518$31,705,296$1,416,492,886
91$2,429,616,285$96,776,835$32,505,970$1,558,944,525
92$2,677,167,457$101,249,211$33,325,231$1,715,844,134
93$2,949,960,353$105,932,238$34,163,442$1,888,661,896
94$3,250,569,362$110,835,970$35,020,970$2,079,017,796
95$3,581,831,451$115,970,947$35,898,186$2,288,696,894
96$3,946,872,949$121,348,213$36,795,465$2,519,666,153
97$4,349,139,063$126,979,349$37,713,187$2,774,092,989
98$4,792,426,400$132,876,490$38,651,731$3,054,365,703
99$5,280,918,813$139,052,358$39,611,484$3,363,116,008
100$5,819,226,897$145,520,288$40,592,834$3,703,243,846