Can I retire at age 30 with 6,600,000?

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 $6,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$545,022$540,167$535,431$530,807$526,293$515,878
2 years$269,813$264,788$259,918$255,196$250,616$240,167
3 years$178,088$173,042$168,184$163,506$159,001$148,844
4 years$132,235$127,204$122,395$117,797$113,401$103,614
5 years$104,731$99,729$94,983$90,480$86,206$76,816
6 years$86,400$81,437$76,761$72,357$68,211$59,231
7 years$73,312$68,390$63,789$59,489$55,474$46,904
8 years$63,500$58,623$54,098$49,904$46,021$37,858
9 years$55,873$51,042$46,594$42,507$38,757$30,996
10 years$49,775$44,991$40,622$36,641$33,022$25,657
11 years$44,789$40,053$35,763$31,889$28,400$21,422
12 years$40,637$35,949$31,739$27,971$24,611$18,009
13 years$37,126$32,488$28,356$24,694$21,461$15,224
14 years$34,119$29,530$25,478$21,921$18,813$12,929
15 years$31,516$26,977$23,004$19,549$16,564$11,022
16 years$29,240$24,750$20,856$17,504$14,640$9,425
17 years$27,235$22,794$18,978$15,728$12,981$8,082
18 years$25,454$21,063$17,325$14,174$11,542$6,945
19 years$23,862$19,521$15,860$12,807$10,287$5,979
20 years$22,431$18,140$14,555$11,599$9,189$5,156
21 years$21,139$16,896$13,388$10,527$8,223$4,453
22 years$19,965$15,772$12,339$9,572$7,371$3,850
23 years$18,895$14,751$11,393$8,717$6,616$3,332
24 years$17,915$13,821$10,537$7,950$5,947$2,886
25 years$17,016$12,970$9,759$7,261$5,351$2,502
26 years$16,187$12,190$9,051$6,639$4,820$2,170
27 years$15,420$11,472$8,405$6,077$4,346$1,883
28 years$14,710$10,810$7,813$5,568$3,921$1,635
29 years$14,050$10,198$7,271$5,106$3,541$1,421
30 years$13,435$9,631$6,773$4,686$3,199$1,235
31 years$12,861$9,105$6,314$4,303$2,893$1,073
32 years$12,323$8,615$5,891$3,955$2,617$933
33 years$11,820$8,158$5,500$3,637$2,368$812
34 years$11,347$7,732$5,139$3,346$2,144$706
35 years$10,902$7,334$4,805$3,080$1,942$614
36 years$10,482$6,961$4,495$2,837$1,759$534
37 years$10,087$6,611$4,207$2,614$1,595$465
38 years$9,713$6,283$3,940$2,409$1,446$405
39 years$9,359$5,975$3,691$2,221$1,311$352
40 years$9,023$5,684$3,460$2,049$1,189$307
41 years$8,705$5,411$3,244$1,890$1,079$267
42 years$8,403$5,153$3,043$1,745$979$233
43 years$8,115$4,910$2,856$1,611$888$203
44 years$7,842$4,680$2,680$1,487$806$176
45 years$7,581$4,463$2,517$1,373$732$154
46 years$7,332$4,258$2,364$1,269$665$134
47 years$7,095$4,063$2,221$1,172$604$116
48 years$6,868$3,879$2,087$1,083$548$101
49 years$6,651$3,704$1,962$1,001$498$88
50 years$6,444$3,538$1,844$925$452$77

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $6,600,000, adding $4,832 every year, while hoping to spend $41,992 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: 74/13/13 Blend
29$6,600,000$6,600,000$6,600,000$6,600,000
30$7,278,184$6,928,384$6,826,084$7,796,726
31$7,975,880$7,223,196$7,010,079$8,434,888
32$8,743,333$7,531,046$7,198,830$9,128,194
33$9,587,615$7,852,529$7,392,452$9,886,668
34$10,516,516$8,188,267$7,591,064$10,716,767
35$11,538,620$8,538,912$7,794,784$11,625,594
36$12,663,385$8,905,145$8,003,736$12,620,972
37$13,901,234$9,287,680$8,218,044$13,711,514
38$15,263,647$9,687,264$8,437,836$14,906,702
39$16,763,278$10,104,679$8,663,242$16,216,979
40$18,414,068$10,540,743$8,894,396$17,653,843
41$20,231,378$10,996,314$9,131,433$19,229,957
42$22,232,134$11,472,289$9,374,492$20,959,264
43$24,434,987$11,969,608$9,623,713$22,857,121
44$26,860,490$12,489,252$9,879,242$24,940,441
45$29,531,288$13,032,254$10,141,224$27,227,853
46$32,472,334$13,599,689$10,409,810$29,739,872
47$35,711,126$14,192,688$10,685,153$32,499,096
48$39,277,964$14,812,432$10,967,408$35,530,417
49$43,206,234$15,460,159$11,256,734$38,861,251
50$47,532,728$16,137,165$11,553,293$42,521,800
51$52,297,988$16,844,808$11,857,250$46,545,332
52$57,546,687$17,584,508$12,168,772$50,968,494
53$63,328,054$18,357,753$12,488,031$55,831,658
54$69,696,336$19,166,104$12,815,200$61,179,296
55$76,711,310$20,011,191$13,150,458$67,060,403
56$84,438,850$20,894,725$13,493,984$73,528,954
57$92,951,542$21,818,497$13,845,962$80,644,413
58$102,329,377$22,784,380$14,206,579$88,472,290
59$112,660,499$23,794,341$14,576,026$97,084,759
60$124,042,042$24,850,436$14,954,495$106,561,338
61$136,581,043$25,954,820$15,342,183$116,989,633
62$150,395,454$27,109,750$15,739,290$128,466,167
63$165,615,253$28,317,591$16,146,019$141,097,286
64$182,383,675$29,580,819$16,562,577$155,000,158
65$200,858,559$30,902,028$16,989,173$170,303,883
66$221,213,842$32,283,937$17,426,020$187,150,701
67$243,641,196$33,729,393$17,873,334$205,697,335
68$268,351,842$35,241,377$18,331,335$226,116,467
69$295,578,540$36,823,015$18,800,245$248,598,366
70$325,577,788$38,477,579$19,280,290$273,352,676
71$358,632,242$40,208,500$19,771,699$300,610,397
72$395,053,384$42,019,370$20,274,704$330,626,059
73$435,184,463$43,913,952$20,789,540$363,680,119
74$479,403,734$45,896,192$21,316,446$400,081,607
75$528,128,030$47,970,221$21,855,662$440,171,039
76$581,816,696$50,140,369$22,407,433$484,323,623
77$640,975,923$52,411,171$22,972,007$532,952,802
78$706,163,531$54,787,381$23,549,632$586,514,148
79$777,994,228$57,273,980$24,140,561$645,509,658
80$857,145,419$59,876,185$24,745,051$710,492,488
81$944,363,599$62,599,466$25,363,357$782,072,170
82$1,040,471,398$65,449,552$25,995,742$860,920,361
83$1,146,375,348$68,432,447$26,642,466$947,777,172
84$1,263,074,441$71,554,444$27,303,796$1,043,458,156
85$1,391,669,559$74,822,136$27,979,998$1,148,861,997
86$1,533,373,866$78,242,434$28,671,341$1,264,978,985
87$1,689,524,265$81,822,577$29,378,095$1,392,900,359
88$1,861,594,011$85,570,155$30,100,532$1,533,828,605
89$2,051,206,627$89,493,119$30,838,927$1,689,088,794
90$2,260,151,226$93,599,805$31,593,554$1,860,141,085
91$2,490,399,402$97,898,946$32,364,688$2,048,594,503
92$2,744,123,843$102,399,696$33,152,608$2,256,222,119
93$3,023,718,844$107,111,651$33,957,589$2,484,977,777
94$3,331,822,908$112,044,863$34,779,910$2,737,014,534
95$3,671,343,655$117,209,872$35,619,848$3,014,704,972
96$4,045,485,276$122,617,724$36,477,680$3,320,663,586
97$4,457,778,775$128,279,993$37,353,684$3,657,771,459
98$4,912,115,313$134,208,815$38,248,135$4,029,203,446
99$5,412,782,935$140,416,908$39,161,307$4,438,458,134
100$5,964,507,058$146,917,600$40,093,475$4,889,390,862