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%17.7%
1 years$553,280$548,351$543,543$538,850$534,267$517,580
2 years$273,901$268,800$263,856$259,063$254,413$237,749
3 years$180,787$175,664$170,732$165,984$161,410$145,292
4 years$134,239$129,131$124,249$119,582$115,119$99,671
5 years$106,317$101,241$96,423$91,850$87,512$72,776
6 years$87,709$82,671$77,924$73,454$69,245$55,233
7 years$74,423$69,427$64,755$60,390$56,315$43,026
8 years$64,463$59,511$54,917$50,660$46,718$34,144
9 years$56,720$51,815$47,300$43,151$39,344$27,470
10 years$50,529$45,673$41,238$37,197$33,523$22,332
11 years$45,467$40,660$36,305$32,372$28,831$18,303
12 years$41,252$36,494$32,220$28,395$24,984$15,097
13 years$37,689$32,980$28,786$25,068$21,787$12,516
14 years$34,636$29,978$25,864$22,253$19,098$10,420
15 years$31,994$27,385$23,352$19,846$16,815$8,704
16 years$29,684$25,125$21,172$17,770$14,862$7,291
17 years$27,647$23,140$19,266$15,966$13,177$6,121
18 years$25,839$21,382$17,587$14,388$11,717$5,149
19 years$24,224$19,817$16,100$13,001$10,443$4,338
20 years$22,771$18,415$14,776$11,775$9,328$3,660
21 years$21,459$17,152$13,591$10,687$8,348$3,091
22 years$20,267$16,011$12,526$9,717$7,482$2,613
23 years$19,181$14,975$11,566$8,849$6,717$2,210
24 years$18,187$14,031$10,696$8,071$6,037$1,871
25 years$17,274$13,167$9,907$7,371$5,432$1,585
26 years$16,432$12,375$9,188$6,739$4,893$1,343
27 years$15,654$11,646$8,532$6,169$4,412$1,139
28 years$14,933$10,974$7,932$5,652$3,981$966
29 years$14,263$10,353$7,381$5,183$3,595$819
30 years$13,638$9,777$6,875$4,757$3,248$695
31 years$13,055$9,243$6,410$4,369$2,936$590
32 years$12,510$8,745$5,980$4,015$2,656$501
33 years$11,999$8,282$5,584$3,692$2,404$425
34 years$11,519$7,850$5,217$3,397$2,176$361
35 years$11,067$7,445$4,878$3,127$1,971$306
36 years$10,641$7,067$4,563$2,880$1,786$260
37 years$10,239$6,712$4,271$2,654$1,619$221
38 years$9,860$6,378$3,999$2,446$1,468$188
39 years$9,500$6,065$3,747$2,255$1,331$159
40 years$9,160$5,771$3,512$2,080$1,207$135
41 years$8,837$5,493$3,293$1,919$1,095$115
42 years$8,530$5,231$3,089$1,771$994$98
43 years$8,238$4,984$2,899$1,635$902$83
44 years$7,961$4,751$2,721$1,510$819$70
45 years$7,696$4,531$2,555$1,394$743$60
46 years$7,444$4,322$2,400$1,288$675$51
47 years$7,203$4,125$2,254$1,190$613$43
48 years$6,972$3,938$2,119$1,099$556$37
49 years$6,752$3,760$1,991$1,016$505$31
50 years$6,542$3,592$1,872$939$459$27

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 $4,685 every year, while hoping to spend $25,193 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: 84/6/10 Blend
29$6,700,000$6,700,000$6,700,000$6,700,000
30$7,388,233$7,033,133$6,929,283$7,997,501
31$8,115,027$7,350,951$7,134,608$8,714,414
32$8,915,110$7,683,498$7,345,968$9,497,887
33$9,795,931$8,031,469$7,563,538$10,357,713
34$10,765,697$8,395,592$7,787,497$11,301,553
35$11,833,453$8,776,630$8,018,033$12,337,846
36$13,009,164$9,175,384$8,255,336$13,475,889
37$14,303,811$9,592,690$8,499,602$14,725,919
38$15,729,495$10,029,428$8,751,034$16,099,213
39$17,299,550$10,486,516$9,009,840$17,608,195
40$19,028,668$10,964,919$9,276,234$19,266,547
41$20,933,040$11,465,649$9,550,436$21,089,344
42$23,030,507$11,989,762$9,832,672$23,093,190
43$25,340,728$12,538,369$10,123,176$25,296,377
44$27,885,366$13,112,633$10,422,186$27,719,057
45$30,688,294$13,713,773$10,729,949$30,383,431
46$33,775,817$14,343,064$11,046,720$33,313,954
47$37,176,922$15,001,847$11,372,757$36,537,573
48$40,923,554$15,691,523$11,708,330$40,083,972
49$45,050,911$16,413,562$12,053,714$43,985,856
50$49,597,783$17,169,506$12,409,192$48,279,259
51$54,606,914$17,960,969$12,775,057$53,003,878
52$60,125,406$18,789,643$13,151,609$58,203,454
53$66,205,165$19,657,304$13,539,155$63,926,177
54$72,903,389$20,565,808$13,938,014$70,225,146
55$80,283,109$21,517,107$14,348,512$77,158,863
56$88,413,783$22,513,242$14,770,983$84,791,788
57$97,371,952$23,556,354$15,205,774$93,194,943
58$107,241,963$24,648,687$15,653,240$102,446,586
59$118,116,764$25,792,594$16,113,744$112,632,942
60$130,098,783$26,990,540$16,587,664$123,849,021
61$143,300,892$28,245,110$17,075,384$136,199,509
62$157,847,476$29,559,013$17,577,302$149,799,757
63$173,875,602$30,935,088$18,093,825$164,776,870
64$191,536,320$32,376,314$18,625,375$181,270,898
65$210,996,081$33,885,810$19,172,381$199,436,167
66$232,438,314$35,466,847$19,735,289$219,442,723
67$256,065,154$37,122,855$20,314,553$241,477,943
68$282,099,354$38,857,429$20,910,645$265,748,298
69$310,786,382$40,674,337$21,524,045$292,481,302
70$342,396,743$42,577,529$22,155,251$321,927,655
71$377,228,530$44,571,148$22,804,771$354,363,611
72$415,610,240$46,659,534$23,473,131$390,093,579
73$457,903,874$48,847,240$24,160,870$429,452,998
74$504,508,352$51,139,038$24,868,542$472,811,501
75$555,863,282$53,539,929$25,596,716$520,576,396
76$612,453,110$56,055,159$26,345,980$573,196,517
77$674,811,692$58,690,226$27,116,934$631,166,452
78$743,527,332$61,450,895$27,910,200$695,031,210
79$819,248,340$64,343,209$28,726,412$765,391,364
80$902,689,150$67,373,505$29,566,225$842,908,718
81$994,637,063$70,548,427$30,430,314$928,312,550
82$1,095,959,682$73,874,938$31,319,368$1,022,406,493
83$1,207,613,101$77,360,342$32,234,099$1,126,076,117
84$1,330,650,934$81,012,295$33,175,237$1,240,297,288
85$1,466,234,257$84,838,825$34,143,535$1,366,145,375
86$1,615,642,571$88,848,348$35,139,764$1,504,805,398
87$1,780,285,885$93,049,689$36,164,718$1,657,583,210
88$1,961,718,022$97,452,100$37,219,212$1,825,917,821
89$2,161,651,291$102,065,283$38,304,086$2,011,394,979
90$2,381,972,651$106,899,410$39,420,201$2,215,762,135
91$2,624,761,526$111,965,147$40,568,444$2,440,944,934
92$2,892,309,439$117,273,676$41,749,723$2,689,065,389
93$3,187,141,639$122,836,724$42,964,976$2,962,461,910
94$3,512,040,948$128,666,585$44,215,165$3,263,711,372
95$3,870,074,028$134,776,151$45,501,276$3,595,653,437
96$4,264,620,337$141,178,940$46,824,327$3,961,417,359
97$4,699,404,030$147,889,127$48,185,361$4,364,451,513
98$5,178,529,122$154,921,575$49,585,451$4,808,555,950
99$5,706,518,228$162,291,867$51,025,699$5,297,918,262
100$6,288,355,265$170,016,347$52,507,238$5,837,153,106