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

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 $6,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$561,538$556,536$551,656$546,893$542,242$528,704
2 years$277,989$272,812$267,794$262,929$258,210$244,657
3 years$183,485$178,285$173,280$168,461$163,819$150,674
4 years$136,242$131,059$126,104$121,367$116,837$104,202
5 years$107,904$102,752$97,862$93,221$88,818$76,727
6 years$89,018$83,904$79,087$74,550$70,279$58,744
7 years$75,534$70,463$65,722$61,292$57,155$46,178
8 years$65,425$60,400$55,737$51,416$47,416$36,992
9 years$57,566$52,589$48,006$43,795$39,931$30,051
10 years$51,283$46,354$41,853$37,752$34,023$24,676
11 years$46,146$41,267$36,847$32,855$29,261$20,432
12 years$41,868$37,039$32,701$28,819$25,357$17,032
13 years$38,251$33,472$29,216$25,442$22,112$14,274
14 years$35,153$30,425$26,250$22,585$19,383$12,015
15 years$32,471$27,794$23,701$20,142$17,066$10,150
16 years$30,127$25,500$21,488$18,035$15,083$8,601
17 years$28,060$23,485$19,553$16,204$13,374$7,306
18 years$26,225$21,701$17,850$14,603$11,891$6,218
19 years$24,585$20,112$16,341$13,195$10,599$5,302
20 years$23,111$18,689$14,997$11,951$9,467$4,528
21 years$21,779$17,408$13,794$10,846$8,472$3,871
22 years$20,570$16,250$12,713$9,862$7,594$3,314
23 years$19,467$15,198$11,738$8,981$6,817$2,839
24 years$18,458$14,240$10,856$8,191$6,127$2,434
25 years$17,531$13,364$10,055$7,481$5,514$2,088
26 years$16,677$12,560$9,325$6,840$4,966$1,792
27 years$15,888$11,820$8,659$6,261$4,478$1,539
28 years$15,156$11,138$8,050$5,736$4,040$1,323
29 years$14,476$10,507$7,491$5,260$3,648$1,137
30 years$13,842$9,923$6,978$4,828$3,296$977
31 years$13,250$9,381$6,505$4,434$2,980$840
32 years$12,697$8,876$6,070$4,075$2,696$723
33 years$12,178$8,406$5,667$3,747$2,440$622
34 years$11,690$7,967$5,295$3,448$2,209$535
35 years$11,232$7,556$4,950$3,174$2,001$461
36 years$10,800$7,172$4,631$2,923$1,813$396
37 years$10,392$6,812$4,335$2,693$1,643$341
38 years$10,007$6,474$4,059$2,482$1,489$294
39 years$9,642$6,156$3,803$2,289$1,351$253
40 years$9,297$5,857$3,565$2,111$1,225$218
41 years$8,969$5,575$3,342$1,948$1,111$187
42 years$8,657$5,309$3,135$1,798$1,009$161
43 years$8,361$5,059$2,942$1,659$915$139
44 years$8,079$4,822$2,762$1,532$831$120
45 years$7,811$4,598$2,593$1,415$754$103
46 years$7,555$4,387$2,435$1,307$685$89
47 years$7,310$4,186$2,288$1,208$622$76
48 years$7,076$3,996$2,150$1,116$565$66
49 years$6,853$3,816$2,021$1,031$513$57
50 years$6,639$3,645$1,900$953$466$49

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 $3,069 every year, while hoping to spend $24,131 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: 64/25/11 Blend
29$6,800,000$6,800,000$6,800,000$6,800,000
30$7,496,766$7,136,366$7,030,966$7,957,889
31$8,235,761$7,460,372$7,240,828$8,590,259
32$9,049,324$7,799,447$7,456,912$9,277,602
33$9,945,037$8,154,301$7,679,400$10,027,752
34$10,931,252$8,525,683$7,908,481$10,846,818
35$12,017,173$8,914,376$8,144,349$11,741,518
36$13,212,943$9,321,198$8,387,203$12,719,243
37$14,529,737$9,747,010$8,637,247$13,788,124
38$15,979,870$10,192,713$8,894,695$14,957,106
39$17,576,911$10,659,251$9,159,762$16,236,032
40$19,335,814$11,147,612$9,432,672$17,635,734
41$21,273,056$11,658,834$9,713,655$19,168,130
42$23,406,793$12,194,003$10,002,948$20,846,339
43$25,757,035$12,754,257$10,300,796$22,684,797
44$28,345,827$13,340,791$10,607,447$24,699,396
45$31,197,466$13,954,854$10,923,161$26,907,628
46$34,338,724$14,597,758$11,248,203$29,328,750
47$37,799,102$15,270,877$11,582,846$31,983,959
48$41,611,110$15,975,650$11,927,372$34,896,594
49$45,810,573$16,713,586$12,282,068$38,092,350
50$50,436,968$17,486,268$12,647,234$41,599,518
51$55,533,797$18,295,353$13,023,174$45,449,250
52$61,148,998$19,142,580$13,410,205$49,675,846
53$67,335,399$20,029,769$13,808,650$54,317,079
54$74,151,213$20,958,831$14,218,843$59,414,546
55$81,660,589$21,931,766$14,641,127$65,014,052
56$89,934,220$22,950,673$15,075,854$71,166,047
57$99,050,004$24,017,750$15,523,389$77,926,089
58$109,093,787$25,135,302$15,984,105$85,355,369
59$120,160,167$26,305,746$16,458,387$93,521,285
60$132,353,391$27,531,614$16,946,629$102,498,069
61$145,788,335$28,815,562$17,449,240$112,367,482
62$160,591,593$30,160,372$17,966,637$123,219,587
63$176,902,668$31,568,963$18,499,252$135,153,587
64$194,875,291$33,044,393$19,047,528$148,278,758
65$214,678,871$34,589,868$19,611,920$162,715,473
66$236,500,094$36,208,750$20,192,898$178,596,334
67$260,544,687$37,904,562$20,790,944$196,067,415
68$287,039,359$39,680,999$21,406,554$215,289,634
69$316,233,939$41,541,934$22,040,239$236,440,265
70$348,403,738$43,491,426$22,692,525$259,714,604
71$383,852,146$45,533,733$23,363,951$285,327,804
72$422,913,495$47,673,316$24,055,073$313,516,895
73$465,956,218$49,914,854$24,766,464$344,543,018
74$513,386,322$52,263,253$25,498,711$378,693,877
75$565,651,229$54,723,653$26,252,419$416,286,445
76$623,243,990$57,301,448$27,028,211$457,669,947
77$686,707,947$60,002,289$27,826,726$503,229,147
78$756,641,859$62,832,103$28,648,624$553,387,966
79$833,705,557$65,797,104$29,494,580$608,613,477
80$918,626,167$68,903,806$30,365,292$669,420,296
81$1,012,204,983$72,159,039$31,261,477$736,375,431
82$1,115,325,025$75,569,966$32,183,870$810,103,622
83$1,228,959,379$79,144,095$33,133,230$891,293,221
84$1,354,180,379$82,889,299$34,110,337$980,702,680
85$1,492,169,736$86,813,833$35,115,992$1,079,167,690
86$1,644,229,690$90,926,353$36,151,019$1,187,609,061
87$1,811,795,308$95,235,933$37,216,267$1,307,041,391
88$1,996,448,025$99,752,089$38,312,608$1,438,582,632
89$2,199,930,581$104,484,800$39,440,938$1,583,464,622
90$2,424,163,472$109,444,526$40,602,180$1,743,044,696
91$2,671,263,076$114,642,238$41,797,284$1,918,818,479
92$2,943,561,640$120,089,438$43,027,223$2,112,433,987
93$3,243,629,294$125,798,188$44,293,002$2,325,707,157
94$3,574,298,317$131,781,133$45,595,652$2,560,638,974
95$3,938,689,873$138,051,537$46,936,234$2,819,434,332
96$4,340,243,482$144,623,303$48,315,839$3,104,522,825
97$4,782,749,486$151,511,015$49,735,590$3,418,581,660
98$5,270,384,840$158,729,961$51,196,638$3,764,560,899
99$5,807,752,539$166,296,175$52,700,171$4,145,711,283
100$6,399,925,080$174,226,469$54,247,409$4,565,614,891