Can I retire at age 30 with 6,700,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $6,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$553,280$548,351$543,543$538,850$534,267$520,718
2 years$273,901$268,800$263,856$259,063$254,413$240,850
3 years$180,787$175,664$170,732$165,984$161,410$148,258
4 years$134,239$129,131$124,249$119,582$115,119$102,479
5 years$106,317$101,241$96,423$91,850$87,512$75,418
6 years$87,709$82,671$77,924$73,454$69,245$57,711
7 years$74,423$69,427$64,755$60,390$56,315$45,340
8 years$64,463$59,511$54,917$50,660$46,718$36,299
9 years$56,720$51,815$47,300$43,151$39,344$29,471
10 years$50,529$45,673$41,238$37,197$33,523$24,184
11 years$45,467$40,660$36,305$32,372$28,831$20,013
12 years$41,252$36,494$32,220$28,395$24,984$16,671
13 years$37,689$32,980$28,786$25,068$21,787$13,962
14 years$34,636$29,978$25,864$22,253$19,098$11,745
15 years$31,994$27,385$23,352$19,846$16,815$9,915
16 years$29,684$25,125$21,172$17,770$14,862$8,395
17 years$27,647$23,140$19,266$15,966$13,177$7,126
18 years$25,839$21,382$17,587$14,388$11,717$6,061
19 years$24,224$19,817$16,100$13,001$10,443$5,164
20 years$22,771$18,415$14,776$11,775$9,328$4,407
21 years$21,459$17,152$13,591$10,687$8,348$3,765
22 years$20,267$16,011$12,526$9,717$7,482$3,220
23 years$19,181$14,975$11,566$8,849$6,717$2,756
24 years$18,187$14,031$10,696$8,071$6,037$2,361
25 years$17,274$13,167$9,907$7,371$5,432$2,024
26 years$16,432$12,375$9,188$6,739$4,893$1,736
27 years$15,654$11,646$8,532$6,169$4,412$1,490
28 years$14,933$10,974$7,932$5,652$3,981$1,279
29 years$14,263$10,353$7,381$5,183$3,595$1,098
30 years$13,638$9,777$6,875$4,757$3,248$944
31 years$13,055$9,243$6,410$4,369$2,936$811
32 years$12,510$8,745$5,980$4,015$2,656$697
33 years$11,999$8,282$5,584$3,692$2,404$599
34 years$11,519$7,850$5,217$3,397$2,176$515
35 years$11,067$7,445$4,878$3,127$1,971$443
36 years$10,641$7,067$4,563$2,880$1,786$381
37 years$10,239$6,712$4,271$2,654$1,619$327
38 years$9,860$6,378$3,999$2,446$1,468$282
39 years$9,500$6,065$3,747$2,255$1,331$242
40 years$9,160$5,771$3,512$2,080$1,207$208
41 years$8,837$5,493$3,293$1,919$1,095$179
42 years$8,530$5,231$3,089$1,771$994$154
43 years$8,238$4,984$2,899$1,635$902$133
44 years$7,961$4,751$2,721$1,510$819$114
45 years$7,696$4,531$2,555$1,394$743$98
46 years$7,444$4,322$2,400$1,288$675$85
47 years$7,203$4,125$2,254$1,190$613$73
48 years$6,972$3,938$2,119$1,099$556$63
49 years$6,752$3,760$1,991$1,016$505$54
50 years$6,542$3,592$1,872$939$459$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $6,700,000, adding $7,000 every year, while hoping to spend $27,470 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: 76/19/5 Blend
29$6,700,000$6,700,000$6,700,000$6,700,000
30$7,390,621$7,035,521$6,931,671$7,949,597
31$8,115,236$7,351,033$7,134,654$8,633,077
32$8,912,841$7,681,085$7,343,516$9,377,745
33$9,790,853$8,026,360$7,558,426$10,193,103
34$10,757,442$8,387,574$7,779,555$11,086,148
35$11,821,613$8,765,477$8,007,082$12,064,579
36$12,993,287$9,160,855$8,241,188$13,136,872
37$14,283,397$9,574,531$8,482,063$14,312,357
38$15,703,989$10,007,368$8,729,897$15,601,304
39$17,268,337$10,460,271$8,984,890$17,015,023
40$18,991,069$10,934,186$9,247,245$18,565,963
41$20,888,302$11,430,105$9,517,172$20,267,832
42$22,977,798$11,949,069$9,794,887$22,135,723
43$25,279,127$12,492,167$10,080,609$24,186,257
44$27,813,856$13,060,542$10,374,568$26,437,735
45$30,605,750$13,655,389$10,676,996$28,910,310
46$33,680,995$14,277,962$10,988,135$31,626,179
47$37,068,450$14,929,575$11,308,230$34,609,783
48$40,799,912$15,611,605$11,637,537$37,888,044
49$44,910,424$16,325,494$11,976,315$41,490,610
50$49,438,600$17,072,755$12,324,833$45,450,136
51$54,426,989$17,854,973$12,683,368$49,802,589
52$59,922,482$18,673,806$13,052,201$54,587,588
53$65,976,750$19,530,997$13,431,624$59,848,767
54$72,646,731$20,428,369$13,821,936$65,634,196
55$79,995,172$21,367,833$14,223,445$71,996,821
56$88,091,215$22,351,393$14,636,466$78,994,967
57$97,011,056$23,381,148$15,061,325$86,692,884
58$106,838,658$24,459,299$15,498,354$95,161,350
59$117,666,549$25,588,152$15,947,896$104,478,335
60$129,596,691$26,770,125$16,410,304$114,729,735
61$142,741,443$28,007,752$16,885,940$126,010,179
62$157,224,627$29,303,688$17,375,175$138,423,915
63$173,182,687$30,660,717$17,878,391$152,085,796
64$190,765,985$32,081,756$18,395,982$167,122,353
65$210,140,217$33,569,864$18,928,349$183,672,992
66$231,487,979$35,128,247$19,475,908$201,891,300
67$255,010,486$36,760,264$20,039,084$221,946,491
68$280,929,477$38,469,438$20,618,315$244,025,000
69$309,489,305$40,259,462$21,214,050$268,332,238
70$340,959,243$42,134,205$21,826,749$295,094,522
71$375,636,029$44,097,724$22,456,888$324,561,208
72$413,846,663$46,154,272$23,104,954$357,007,040
73$455,951,499$48,308,307$23,771,446$392,734,734
74$502,347,641$50,564,503$24,456,879$432,077,833
75$553,472,696$52,927,759$25,161,779$475,403,844
76$609,808,902$55,403,211$25,886,691$523,117,705
77$671,887,685$57,996,243$26,632,169$575,665,596
78$740,294,669$60,712,499$27,398,787$633,539,144
79$815,675,210$63,557,897$28,187,131$697,280,059
80$898,740,487$66,538,639$28,997,806$767,485,234
81$990,274,213$69,661,229$29,831,429$844,812,374
82$1,091,140,039$72,932,485$30,688,638$929,986,195
83$1,202,289,702$76,359,556$31,570,086$1,023,805,255
84$1,324,772,011$79,949,934$32,476,444$1,127,149,482
85$1,459,742,753$83,711,477$33,408,401$1,240,988,471
86$1,608,475,595$87,652,421$34,366,664$1,366,390,624
87$1,772,374,119$91,781,403$35,351,961$1,504,533,227
88$1,952,985,064$96,107,476$36,365,036$1,656,713,548
89$2,152,012,931$100,640,133$37,406,655$1,824,361,075
90$2,371,336,078$105,389,328$38,477,606$2,009,050,992
91$2,613,024,448$110,365,494$39,578,696$2,212,519,042
92$2,879,359,111$115,579,574$40,710,752$2,436,677,891
93$3,172,853,806$121,043,038$41,874,627$2,683,635,174
94$3,496,278,660$126,767,913$43,071,194$2,955,713,373
95$3,852,686,354$132,766,811$44,301,349$3,255,471,728
96$4,245,440,932$139,052,954$45,566,014$3,585,730,378
97$4,678,249,564$145,640,207$46,866,132$3,949,596,964
98$5,155,197,547$152,543,104$48,202,675$4,350,495,952
99$5,680,786,870$159,776,889$49,576,638$4,792,200,938
100$6,259,978,718$167,357,544$50,989,043$5,278,870,252