Can I retire at age 30 with 6,800,000?

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 $6,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$561,538$556,536$551,656$546,893$542,242$526,360
2 years$277,989$272,812$267,794$262,929$258,210$242,339
3 years$183,485$178,285$173,280$168,461$163,819$148,455
4 years$136,242$131,059$126,104$121,367$116,837$102,098
5 years$107,904$102,752$97,862$93,221$88,818$74,744
6 years$89,018$83,904$79,087$74,550$70,279$56,883
7 years$75,534$70,463$65,722$61,292$57,155$44,437
8 years$65,425$60,400$55,737$51,416$47,416$35,368
9 years$57,566$52,589$48,006$43,795$39,931$28,541
10 years$51,283$46,354$41,853$37,752$34,023$23,276
11 years$46,146$41,267$36,847$32,855$29,261$19,138
12 years$41,868$37,039$32,701$28,819$25,357$15,838
13 years$38,251$33,472$29,216$25,442$22,112$13,175
14 years$35,153$30,425$26,250$22,585$19,383$11,007
15 years$32,471$27,794$23,701$20,142$17,066$9,227
16 years$30,127$25,500$21,488$18,035$15,083$7,757
17 years$28,060$23,485$19,553$16,204$13,374$6,536
18 years$26,225$21,701$17,850$14,603$11,891$5,518
19 years$24,585$20,112$16,341$13,195$10,599$4,667
20 years$23,111$18,689$14,997$11,951$9,467$3,952
21 years$21,779$17,408$13,794$10,846$8,472$3,351
22 years$20,570$16,250$12,713$9,862$7,594$2,843
23 years$19,467$15,198$11,738$8,981$6,817$2,415
24 years$18,458$14,240$10,856$8,191$6,127$2,053
25 years$17,531$13,364$10,055$7,481$5,514$1,745
26 years$16,677$12,560$9,325$6,840$4,966$1,485
27 years$15,888$11,820$8,659$6,261$4,478$1,264
28 years$15,156$11,138$8,050$5,736$4,040$1,076
29 years$14,476$10,507$7,491$5,260$3,648$917
30 years$13,842$9,923$6,978$4,828$3,296$781
31 years$13,250$9,381$6,505$4,434$2,980$666
32 years$12,697$8,876$6,070$4,075$2,696$567
33 years$12,178$8,406$5,667$3,747$2,440$484
34 years$11,690$7,967$5,295$3,448$2,209$412
35 years$11,232$7,556$4,950$3,174$2,001$352
36 years$10,800$7,172$4,631$2,923$1,813$300
37 years$10,392$6,812$4,335$2,693$1,643$256
38 years$10,007$6,474$4,059$2,482$1,489$218
39 years$9,642$6,156$3,803$2,289$1,351$186
40 years$9,297$5,857$3,565$2,111$1,225$159
41 years$8,969$5,575$3,342$1,948$1,111$135
42 years$8,657$5,309$3,135$1,798$1,009$115
43 years$8,361$5,059$2,942$1,659$915$98
44 years$8,079$4,822$2,762$1,532$831$84
45 years$7,811$4,598$2,593$1,415$754$72
46 years$7,555$4,387$2,435$1,307$685$61
47 years$7,310$4,186$2,288$1,208$622$52
48 years$7,076$3,996$2,150$1,116$565$45
49 years$6,853$3,816$2,021$1,031$513$38
50 years$6,639$3,645$1,900$953$466$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $6,800,000, adding $2,247 every year, while hoping to spend $31,851 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: 63/9/28 Blend
29$6,800,000$6,800,000$6,800,000$6,800,000
30$7,495,918$7,135,518$7,030,118$7,911,975
31$8,226,612$7,451,269$7,231,738$8,510,247
32$9,030,770$7,781,424$7,439,044$9,159,786
33$9,915,851$8,126,656$7,652,194$9,868,622
34$10,890,074$8,487,669$7,871,349$10,642,577
35$11,962,496$8,865,199$8,096,674$11,488,056
36$13,143,097$9,260,020$8,328,339$12,412,108
37$14,442,872$9,672,941$8,566,518$13,422,496
38$15,873,939$10,104,809$8,811,390$14,527,762
39$17,449,648$10,556,512$9,063,139$15,737,314
40$19,184,711$11,028,980$9,321,953$17,061,507
41$21,095,340$11,523,188$9,588,027$18,511,745
42$23,199,397$12,040,157$9,861,558$20,100,583
43$25,516,567$12,580,956$10,142,751$21,841,847
44$28,068,539$13,146,704$10,431,815$23,750,761
45$30,879,214$13,738,577$10,728,966$25,844,093
46$33,974,930$14,357,804$11,034,422$28,140,308
47$37,384,710$15,005,673$11,348,412$30,659,742
48$41,140,533$15,683,535$11,671,167$33,424,793
49$45,277,643$16,392,802$12,002,926$36,460,130
50$49,834,871$17,134,959$12,343,933$39,792,925
51$54,855,013$17,911,556$12,694,440$43,453,106
52$60,385,224$18,724,222$13,054,703$47,473,642
53$66,477,469$19,574,661$13,424,988$51,890,847
54$73,189,011$20,464,660$13,805,565$56,744,723
55$80,582,951$21,396,090$14,196,713$62,079,337
56$88,728,827$22,370,913$14,598,717$67,943,233
57$97,703,264$23,391,184$15,011,871$74,389,889
58$107,590,702$24,459,058$15,436,474$81,478,218
59$118,484,193$25,576,791$15,872,835$89,273,125
60$130,486,276$26,746,749$16,321,271$97,846,114
61$143,709,948$27,971,411$16,782,105$107,275,961
62$158,279,727$29,253,375$17,255,670$117,649,458
63$174,332,831$30,595,362$17,742,307$129,062,224
64$192,020,473$32,000,228$18,242,367$141,619,612
65$211,509,283$33,470,961$18,756,208$155,437,692
66$232,982,887$35,010,695$19,284,198$170,644,352
67$256,643,638$36,622,716$19,826,716$187,380,496
68$282,714,526$38,310,466$20,384,147$205,801,375
69$311,441,281$40,077,552$20,956,890$226,078,045
70$343,094,696$41,927,756$21,545,350$248,398,982
71$377,973,181$43,865,042$22,149,945$272,971,856
72$416,405,581$45,893,565$22,771,103$300,025,485
73$458,754,278$48,017,677$23,409,263$329,811,997
74$505,418,615$50,241,944$24,064,874$362,609,200
75$556,838,663$52,571,149$24,738,397$398,723,203
76$613,499,378$55,010,307$25,430,305$438,491,303
77$675,935,176$57,564,673$26,141,082$482,285,158
78$744,734,979$60,239,758$26,871,223$530,514,300
79$820,547,777$63,041,335$27,621,239$583,629,987
80$904,088,749$65,975,460$28,391,649$642,129,464
81$996,146,021$69,048,477$29,182,989$706,560,648
82$1,097,588,102$72,267,039$29,995,806$777,527,297
83$1,209,372,084$75,638,119$30,830,660$855,694,703
84$1,332,552,676$79,169,027$31,688,127$941,795,966
85$1,468,292,165$82,867,425$32,568,796$1,036,638,908
86$1,617,871,384$86,741,347$33,473,269$1,141,113,695
87$1,782,701,806$90,799,214$34,402,164$1,256,201,229
88$1,964,338,869$95,049,854$35,356,115$1,382,982,407
89$2,164,496,658$99,502,522$36,335,770$1,522,648,311
90$2,385,064,092$104,166,920$37,341,793$1,676,511,449
91$2,628,122,750$109,053,220$38,374,864$1,846,018,139
92$2,895,966,529$114,172,085$39,435,679$2,032,762,147
93$3,191,123,293$119,534,696$40,524,953$2,238,499,732
94$3,516,378,745$125,152,772$41,643,415$2,465,166,216
95$3,874,802,720$131,038,601$42,791,813$2,714,894,237
96$4,269,778,172$137,205,067$43,970,912$2,990,033,884
97$4,705,033,105$143,665,674$45,181,497$3,293,174,865
98$5,184,675,774$150,434,585$46,424,370$3,627,170,945
99$5,713,233,468$157,526,645$47,700,352$3,995,166,880
100$6,295,695,251$164,957,420$49,010,283$4,400,628,092