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%15.2%
1 years$545,022$540,167$535,431$530,807$526,293$515,036
2 years$269,813$264,788$259,918$255,196$250,616$239,329
3 years$178,088$173,042$168,184$163,506$159,001$148,037
4 years$132,235$127,204$122,395$117,797$113,401$102,844
5 years$104,731$99,729$94,983$90,480$86,206$76,086
6 years$86,400$81,437$76,761$72,357$68,211$58,540
7 years$73,312$68,390$63,789$59,489$55,474$46,252
8 years$63,500$58,623$54,098$49,904$46,021$37,246
9 years$55,873$51,042$46,594$42,507$38,757$30,422
10 years$49,775$44,991$40,622$36,641$33,022$25,120
11 years$44,789$40,053$35,763$31,889$28,400$20,920
12 years$40,637$35,949$31,739$27,971$24,611$17,541
13 years$37,126$32,488$28,356$24,694$21,461$14,789
14 years$34,119$29,530$25,478$21,921$18,813$12,526
15 years$31,516$26,977$23,004$19,549$16,564$10,648
16 years$29,240$24,750$20,856$17,504$14,640$9,080
17 years$27,235$22,794$18,978$15,728$12,981$7,763
18 years$25,454$21,063$17,325$14,174$11,542$6,652
19 years$23,862$19,521$15,860$12,807$10,287$5,710
20 years$22,431$18,140$14,555$11,599$9,189$4,910
21 years$21,139$16,896$13,388$10,527$8,223$4,227
22 years$19,965$15,772$12,339$9,572$7,371$3,643
23 years$18,895$14,751$11,393$8,717$6,616$3,143
24 years$17,915$13,821$10,537$7,950$5,947$2,714
25 years$17,016$12,970$9,759$7,261$5,351$2,345
26 years$16,187$12,190$9,051$6,639$4,820$2,028
27 years$15,420$11,472$8,405$6,077$4,346$1,754
28 years$14,710$10,810$7,813$5,568$3,921$1,518
29 years$14,050$10,198$7,271$5,106$3,541$1,315
30 years$13,435$9,631$6,773$4,686$3,199$1,139
31 years$12,861$9,105$6,314$4,303$2,893$986
32 years$12,323$8,615$5,891$3,955$2,617$855
33 years$11,820$8,158$5,500$3,637$2,368$741
34 years$11,347$7,732$5,139$3,346$2,144$642
35 years$10,902$7,334$4,805$3,080$1,942$557
36 years$10,482$6,961$4,495$2,837$1,759$483
37 years$10,087$6,611$4,207$2,614$1,595$419
38 years$9,713$6,283$3,940$2,409$1,446$363
39 years$9,359$5,975$3,691$2,221$1,311$315
40 years$9,023$5,684$3,460$2,049$1,189$274
41 years$8,705$5,411$3,244$1,890$1,079$237
42 years$8,403$5,153$3,043$1,745$979$206
43 years$8,115$4,910$2,856$1,611$888$179
44 years$7,842$4,680$2,680$1,487$806$155
45 years$7,581$4,463$2,517$1,373$732$135
46 years$7,332$4,258$2,364$1,269$665$117
47 years$7,095$4,063$2,221$1,172$604$101
48 years$6,868$3,879$2,087$1,083$548$88
49 years$6,651$3,704$1,962$1,001$498$76
50 years$6,444$3,538$1,844$925$452$66

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 $2,979 every year, while hoping to spend $20,817 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: 75/8/17 Blend
29$6,600,000$6,600,000$6,600,000$6,600,000
30$7,276,273$6,926,473$6,824,173$7,793,818
31$7,996,304$7,243,721$7,030,634$8,453,992
32$8,789,080$7,575,816$7,243,313$9,174,518
33$9,661,999$7,923,465$7,462,397$9,963,715
34$10,623,214$8,287,406$7,688,079$10,828,416
35$11,681,708$8,668,414$7,920,555$11,776,146
36$12,847,377$9,067,302$8,160,029$12,815,189
37$14,131,131$9,484,921$8,406,711$13,954,669
38$15,544,987$9,922,162$8,660,816$15,204,631
39$17,102,189$10,379,962$8,922,567$16,576,140
40$18,817,331$10,859,299$9,192,193$18,081,381
41$20,706,496$11,361,202$9,469,928$19,733,771
42$22,787,405$11,886,747$9,756,016$21,548,092
43$25,079,584$12,437,062$10,050,707$23,540,621
44$27,604,554$13,013,330$10,354,258$25,729,288
45$30,386,026$13,616,791$10,666,933$28,133,843
46$33,450,132$14,248,744$10,989,007$30,776,039
47$36,825,665$14,910,553$11,320,758$33,679,839
48$40,544,357$15,603,644$11,662,477$36,871,639
49$44,641,173$16,329,514$12,014,462$40,380,517
50$49,154,645$17,089,733$12,377,019$44,238,504
51$54,127,234$17,885,944$12,750,464$48,480,887
52$59,605,729$18,719,873$13,135,122$53,146,541
53$65,641,693$19,593,326$13,531,328$58,278,291
54$72,291,945$20,508,198$13,939,426$63,923,320
55$79,619,098$21,466,475$14,359,772$70,133,606
56$87,692,152$22,470,238$14,792,731$76,966,417
57$96,587,143$23,521,671$15,238,679$84,484,844
58$106,387,861$24,623,062$15,698,004$92,758,402
59$117,186,639$25,776,809$16,171,104$101,863,675
60$129,085,231$26,985,427$16,658,390$111,885,045
61$142,195,763$28,251,552$17,160,285$122,915,481
62$156,641,801$29,577,948$17,677,225$135,057,419
63$172,559,511$30,967,513$18,209,657$148,423,721
64$190,098,944$32,423,284$18,758,043$163,138,741
65$209,425,457$33,948,446$19,322,859$179,339,499
66$230,721,273$35,546,339$19,904,594$197,176,966
67$254,187,195$37,220,463$20,503,751$216,817,490
68$280,044,511$38,974,487$21,120,848$238,444,364
69$308,537,076$40,812,261$21,756,421$262,259,551
70$339,933,614$42,737,819$22,411,018$288,485,587
71$374,530,261$44,755,390$23,085,205$317,367,683
72$412,653,353$46,869,410$23,779,565$349,176,031
73$454,662,513$49,084,529$24,494,698$384,208,353
74$500,954,040$51,405,621$25,231,221$422,792,711
75$551,964,655$53,837,800$25,989,771$465,290,595
76$608,175,623$56,386,424$26,771,000$512,100,333
77$670,117,291$59,057,115$27,575,584$563,660,850
78$738,374,105$61,855,763$28,404,216$620,455,806
79$813,590,116$64,788,548$29,257,609$683,018,153
80$896,475,068$67,861,947$30,136,500$751,935,169
81$987,811,097$71,082,754$31,041,644$827,853,991
82$1,088,460,111$74,458,091$31,973,822$911,487,722
83$1,199,371,932$77,995,427$32,933,834$1,003,622,156
84$1,321,593,258$81,702,592$33,922,506$1,105,123,193
85$1,456,277,549$85,587,798$34,940,689$1,216,945,007
86$1,604,695,914$89,659,655$35,989,257$1,340,139,045
87$1,768,249,111$93,927,192$37,069,111$1,475,863,949
88$1,948,480,771$98,399,875$38,181,177$1,625,396,490
89$2,147,091,974$103,087,634$39,326,411$1,790,143,610
90$2,365,957,304$108,000,876$40,505,794$1,971,655,699
91$2,607,142,549$113,150,519$41,720,338$2,171,641,226
92$2,872,924,203$118,548,008$42,971,084$2,391,982,856
93$3,165,810,959$124,205,348$44,259,102$2,634,755,221
94$3,488,567,391$130,135,125$45,585,497$2,902,244,491
95$3,844,240,057$136,350,538$46,951,403$3,196,969,953
96$4,236,186,256$142,865,428$48,357,988$3,521,707,784
97$4,668,105,730$149,694,309$49,806,457$3,879,517,249
98$5,144,075,587$156,852,403$51,298,045$4,273,769,573
99$5,668,588,796$164,355,670$52,834,029$4,708,179,759
100$6,246,596,604$172,220,848$54,415,720$5,186,841,648