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%19.4%
1 years$561,538$556,536$551,656$546,893$542,242$521,758
2 years$277,989$272,812$267,794$262,929$258,210$237,811
3 years$183,485$178,285$173,280$168,461$163,819$144,147
4 years$136,242$131,059$126,104$121,367$116,837$98,041
5 years$107,904$102,752$97,862$93,221$88,818$70,946
6 years$89,018$83,904$79,087$74,550$70,279$53,344
7 years$75,534$70,463$65,722$61,292$57,155$41,153
8 years$65,425$60,400$55,737$51,416$47,416$32,331
9 years$57,566$52,589$48,006$43,795$39,931$25,742
10 years$51,283$46,354$41,853$37,752$34,023$20,704
11 years$46,146$41,267$36,847$32,855$29,261$16,782
12 years$41,868$37,039$32,701$28,819$25,357$13,687
13 years$38,251$33,472$29,216$25,442$22,112$11,216
14 years$35,153$30,425$26,250$22,585$19,383$9,228
15 years$32,471$27,794$23,701$20,142$17,066$7,616
16 years$30,127$25,500$21,488$18,035$15,083$6,301
17 years$28,060$23,485$19,553$16,204$13,374$5,225
18 years$26,225$21,701$17,850$14,603$11,891$4,339
19 years$24,585$20,112$16,341$13,195$10,599$3,609
20 years$23,111$18,689$14,997$11,951$9,467$3,005
21 years$21,779$17,408$13,794$10,846$8,472$2,505
22 years$20,570$16,250$12,713$9,862$7,594$2,090
23 years$19,467$15,198$11,738$8,981$6,817$1,744
24 years$18,458$14,240$10,856$8,191$6,127$1,457
25 years$17,531$13,364$10,055$7,481$5,514$1,217
26 years$16,677$12,560$9,325$6,840$4,966$1,017
27 years$15,888$11,820$8,659$6,261$4,478$851
28 years$15,156$11,138$8,050$5,736$4,040$712
29 years$14,476$10,507$7,491$5,260$3,648$595
30 years$13,842$9,923$6,978$4,828$3,296$498
31 years$13,250$9,381$6,505$4,434$2,980$417
32 years$12,697$8,876$6,070$4,075$2,696$349
33 years$12,178$8,406$5,667$3,747$2,440$292
34 years$11,690$7,967$5,295$3,448$2,209$244
35 years$11,232$7,556$4,950$3,174$2,001$205
36 years$10,800$7,172$4,631$2,923$1,813$171
37 years$10,392$6,812$4,335$2,693$1,643$143
38 years$10,007$6,474$4,059$2,482$1,489$120
39 years$9,642$6,156$3,803$2,289$1,351$101
40 years$9,297$5,857$3,565$2,111$1,225$84
41 years$8,969$5,575$3,342$1,948$1,111$71
42 years$8,657$5,309$3,135$1,798$1,009$59
43 years$8,361$5,059$2,942$1,659$915$49
44 years$8,079$4,822$2,762$1,532$831$41
45 years$7,811$4,598$2,593$1,415$754$35
46 years$7,555$4,387$2,435$1,307$685$29
47 years$7,310$4,186$2,288$1,208$622$24
48 years$7,076$3,996$2,150$1,116$565$20
49 years$6,853$3,816$2,021$1,031$513$17
50 years$6,639$3,645$1,900$953$466$14

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 $2,081 every year, while hoping to spend $32,254 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: 64/20/16 Blend
29$6,800,000$6,800,000$6,800,000$6,800,000
30$7,495,747$7,135,347$7,029,947$7,945,895
31$8,225,995$7,450,661$7,231,132$8,563,279
32$9,029,647$7,780,344$7,437,976$9,233,537
33$9,914,157$8,125,067$7,650,634$9,964,942
34$10,887,737$8,485,531$7,869,266$10,763,459
35$11,959,435$8,862,471$8,094,035$11,635,652
36$13,139,223$9,256,657$8,325,111$12,588,742
37$14,438,087$9,668,897$8,562,665$13,630,676
38$15,868,133$10,100,034$8,806,876$14,770,199
39$17,442,700$10,550,953$9,057,924$16,016,934
40$19,176,488$11,022,583$9,315,997$17,381,474
41$21,085,693$11,515,892$9,581,286$18,875,478
42$23,188,164$12,031,901$9,853,989$20,511,779
43$25,503,565$12,571,672$10,134,306$22,304,505
44$28,053,569$13,136,325$10,422,446$24,269,209
45$30,862,055$13,727,027$10,718,620$26,423,013
46$33,955,339$14,345,005$11,023,048$28,784,770
47$37,362,416$14,991,543$11,335,952$31,375,238
48$41,115,239$15,667,985$11,657,563$34,217,271
49$45,249,019$16,375,742$11,988,117$37,336,038
50$49,802,555$17,116,289$12,327,855$40,759,254
51$54,818,603$17,891,175$12,677,025$44,517,438
52$60,344,277$18,702,020$13,035,883$48,644,204
53$66,431,497$19,550,522$13,404,689$53,176,567
54$73,137,475$20,438,463$13,783,711$58,155,296
55$80,525,257$21,367,707$14,173,224$63,625,293
56$88,664,316$22,340,208$14,573,511$69,636,015
57$97,631,213$23,358,014$14,984,860$76,241,932
58$107,510,312$24,423,272$15,407,567$83,503,048
59$118,394,581$25,538,230$15,841,938$91,485,452
60$130,386,469$26,705,244$16,288,285$100,261,946
61$143,598,873$27,926,785$16,746,926$109,912,724
62$158,156,201$29,205,441$17,218,191$120,526,127
63$174,195,550$30,543,923$17,702,416$132,199,471
64$191,867,995$31,945,074$18,199,946$145,039,961
65$211,340,021$33,411,874$18,711,136$159,165,699
66$232,795,091$34,947,444$19,236,347$174,706,792
67$256,435,378$36,555,056$19,775,951$191,806,577
68$282,483,672$38,238,139$20,330,331$210,622,966
69$311,185,487$40,000,288$20,899,877$231,329,935
70$342,811,373$41,845,269$21,484,990$254,119,154
71$377,659,477$43,777,031$22,086,081$279,201,796
72$416,058,349$45,799,711$22,703,571$306,810,520
73$458,370,052$47,917,647$23,337,891$337,201,662
74$504,993,570$50,135,386$23,989,484$370,657,646
75$556,368,586$52,457,691$24,658,803$407,489,645
76$612,979,622$54,889,558$25,346,313$448,040,509
77$675,360,619$57,436,222$26,052,490$492,687,993
78$744,099,975$60,103,170$26,777,822$541,848,315
79$819,846,102$62,896,155$27,522,808$595,980,076
80$903,313,544$65,821,206$28,287,961$655,588,580
81$995,289,724$68,884,643$29,073,806$721,230,594
82$1,096,642,377$72,093,092$29,880,880$793,519,594
83$1,208,327,743$75,453,497$30,709,734$873,131,544
84$1,331,399,594$78,973,140$31,560,931$960,811,270
85$1,467,019,180$82,659,651$32,435,049$1,057,379,476
86$1,616,466,194$86,521,031$33,332,681$1,163,740,480
87$1,781,150,851$90,565,668$34,254,431$1,280,890,739
88$1,962,627,205$94,802,352$35,200,921$1,409,928,244
89$2,162,607,813$99,240,301$36,172,786$1,552,062,866
90$2,382,979,912$103,889,178$37,170,677$1,708,627,771
91$2,625,823,228$108,759,112$38,195,258$1,881,091,984
92$2,893,429,611$113,860,722$39,247,214$2,071,074,242
93$3,188,324,677$119,205,143$40,327,241$2,280,358,263
94$3,513,291,644$124,804,045$41,436,054$2,510,909,564
95$3,871,397,614$130,669,666$42,574,384$2,764,893,998
96$4,266,022,526$136,814,835$43,742,981$3,044,698,184
97$4,700,891,062$143,253,001$44,942,610$3,352,952,016
98$5,180,107,818$149,998,265$46,174,054$3,692,553,471
99$5,708,196,048$157,065,412$47,438,118$4,066,695,945
100$6,290,140,370$164,469,943$48,735,620$4,478,898,379