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

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 $6,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$553,280$548,351$543,543$538,850$534,267$528,908
2 years$273,901$268,800$263,856$259,063$254,413$249,015
3 years$180,787$175,664$170,732$165,984$161,410$156,141
4 years$134,239$129,131$124,249$119,582$115,119$110,019
5 years$106,317$101,241$96,423$91,850$87,512$82,596
6 years$87,709$82,671$77,924$73,454$69,245$64,520
7 years$74,423$69,427$64,755$60,390$56,315$51,782
8 years$64,463$59,511$54,917$50,660$46,718$42,378
9 years$56,720$51,815$47,300$43,151$39,344$35,194
10 years$50,529$45,673$41,238$37,197$33,523$29,562
11 years$45,467$40,660$36,305$32,372$28,831$25,055
12 years$41,252$36,494$32,220$28,395$24,984$21,389
13 years$37,689$32,980$28,786$25,068$21,787$18,369
14 years$34,636$29,978$25,864$22,253$19,098$15,852
15 years$31,994$27,385$23,352$19,846$16,815$13,737
16 years$29,684$25,125$21,172$17,770$14,862$11,946
17 years$27,647$23,140$19,266$15,966$13,177$10,418
18 years$25,839$21,382$17,587$14,388$11,717$9,109
19 years$24,224$19,817$16,100$13,001$10,443$7,982
20 years$22,771$18,415$14,776$11,775$9,328$7,007
21 years$21,459$17,152$13,591$10,687$8,348$6,162
22 years$20,267$16,011$12,526$9,717$7,482$5,426
23 years$19,181$14,975$11,566$8,849$6,717$4,784
24 years$18,187$14,031$10,696$8,071$6,037$4,222
25 years$17,274$13,167$9,907$7,371$5,432$3,730
26 years$16,432$12,375$9,188$6,739$4,893$3,297
27 years$15,654$11,646$8,532$6,169$4,412$2,918
28 years$14,933$10,974$7,932$5,652$3,981$2,583
29 years$14,263$10,353$7,381$5,183$3,595$2,288
30 years$13,638$9,777$6,875$4,757$3,248$2,028
31 years$13,055$9,243$6,410$4,369$2,936$1,798
32 years$12,510$8,745$5,980$4,015$2,656$1,595
33 years$11,999$8,282$5,584$3,692$2,404$1,415
34 years$11,519$7,850$5,217$3,397$2,176$1,256
35 years$11,067$7,445$4,878$3,127$1,971$1,115
36 years$10,641$7,067$4,563$2,880$1,786$990
37 years$10,239$6,712$4,271$2,654$1,619$879
38 years$9,860$6,378$3,999$2,446$1,468$781
39 years$9,500$6,065$3,747$2,255$1,331$694
40 years$9,160$5,771$3,512$2,080$1,207$617
41 years$8,837$5,493$3,293$1,919$1,095$548
42 years$8,530$5,231$3,089$1,771$994$487
43 years$8,238$4,984$2,899$1,635$902$433
44 years$7,961$4,751$2,721$1,510$819$385
45 years$7,696$4,531$2,555$1,394$743$342
46 years$7,444$4,322$2,400$1,288$675$304
47 years$7,203$4,125$2,254$1,190$613$271
48 years$6,972$3,938$2,119$1,099$556$241
49 years$6,752$3,760$1,991$1,016$505$214
50 years$6,542$3,592$1,872$939$459$190

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 $5,097 every year, while hoping to spend $34,741 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: 59/32/9 Blend
29$6,700,000$6,700,000$6,700,000$6,700,000
30$7,388,658$7,033,558$6,929,708$7,809,134
31$8,105,336$7,341,238$7,124,889$8,399,871
32$8,893,952$7,662,830$7,325,444$9,039,312
33$9,761,806$7,998,979$7,531,517$9,735,674
34$10,716,942$8,350,360$7,743,254$10,494,429
35$11,768,223$8,717,682$7,960,807$11,321,590
36$12,925,417$9,101,684$8,184,329$12,223,771
37$14,199,286$9,503,142$8,413,980$13,208,245
38$15,601,686$9,922,869$8,649,922$14,283,008
39$17,145,685$10,361,716$8,892,321$15,456,858
40$18,845,679$10,820,575$9,141,348$16,739,471
41$20,717,533$11,300,378$9,397,178$18,141,491
42$22,778,729$11,802,104$9,659,991$19,674,629
43$25,048,529$12,326,776$9,929,970$21,351,771
44$27,548,159$12,875,469$10,207,304$23,187,095
45$30,301,009$13,449,304$10,492,186$25,196,204
46$33,332,852$14,049,460$10,784,815$27,396,269
47$36,672,089$14,677,170$11,085,392$29,806,188
48$40,350,016$15,333,725$11,394,126$32,446,762
49$44,401,118$16,020,478$11,711,230$35,340,888
50$48,863,398$16,738,847$12,036,922$38,513,771
51$53,778,732$17,490,318$12,371,426$41,993,155
52$59,193,264$18,276,445$12,714,971$45,809,589
53$65,157,846$19,098,860$13,067,791$49,996,702
54$71,728,511$19,959,269$13,430,127$54,591,524
55$78,967,008$20,859,462$13,802,225$59,634,825
56$86,941,380$21,801,313$14,184,337$65,171,498
57$95,726,611$22,786,787$14,576,722$71,250,980
58$105,405,326$23,817,941$14,979,644$77,927,709
59$116,068,581$24,896,932$15,393,373$85,261,635
60$127,816,713$26,026,018$15,818,188$93,318,780
61$140,760,292$27,207,567$16,254,372$102,171,856
62$155,021,164$28,444,060$16,702,215$111,900,945
63$170,733,600$29,738,096$17,162,016$122,594,247
64$188,045,563$31,092,398$17,634,079$134,348,908
65$207,120,105$32,509,821$18,118,716$147,271,928
66$228,136,909$33,993,355$18,616,246$161,481,168
67$251,293,979$35,546,135$19,126,996$177,106,448
68$276,809,514$37,171,445$19,651,300$194,290,771
69$304,923,966$38,872,727$20,189,499$213,191,662
70$335,902,307$40,653,588$20,741,945$233,982,643
71$370,036,537$42,517,808$21,308,994$256,854,870
72$407,648,432$44,469,349$21,891,014$282,018,920
73$449,092,588$46,512,363$22,488,379$309,706,771
74$494,759,765$48,651,201$23,101,472$340,173,986
75$545,080,574$50,890,424$23,730,685$373,702,107
76$600,529,549$53,234,811$24,376,419$410,601,308
77$661,629,618$55,689,371$25,039,084$451,213,306
78$728,957,045$58,259,356$25,719,099$495,914,579
79$803,146,867$60,950,269$26,416,893$545,119,903
80$884,898,892$63,767,876$27,132,903$599,286,256
81$974,984,301$66,718,224$27,867,577$658,917,115
82$1,074,252,932$69,807,649$28,621,373$724,567,199
83$1,183,641,301$73,042,794$29,394,759$796,847,685
84$1,304,181,442$76,430,619$30,188,212$876,431,963
85$1,437,010,653$79,978,423$31,002,220$964,061,977
86$1,583,382,228$83,693,854$31,837,284$1,060,555,207
87$1,744,677,294$87,584,931$32,693,911$1,166,812,374
88$1,922,417,843$91,660,059$33,572,622$1,283,825,918
89$2,118,281,108$95,928,046$34,473,950$1,412,689,349
90$2,334,115,390$100,398,129$35,398,436$1,554,607,546
91$2,571,957,511$105,079,989$36,346,635$1,710,908,112
92$2,834,052,043$109,983,775$37,319,113$1,883,053,883
93$3,122,872,495$115,120,124$38,316,448$2,072,656,711
94$3,441,144,669$120,500,189$39,339,228$2,281,492,655
95$3,791,872,389$126,135,661$40,388,055$2,511,518,724
96$4,178,365,861$132,038,797$41,463,544$2,764,891,319
97$4,604,272,925$138,222,445$42,566,319$3,043,986,566
98$5,073,613,494$144,700,075$43,697,021$3,351,422,710
99$5,590,817,499$151,485,808$44,856,300$3,690,084,809
100$6,160,766,719$158,594,447$46,044,821$4,063,151,928