Can I retire at age 30 with 6,900,000?

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 $6,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$569,796$564,720$559,768$554,935$550,216$534,747
2 years$282,077$276,824$271,732$266,796$262,007$246,541
3 years$186,183$180,907$175,829$170,939$166,228$151,248
4 years$138,246$132,986$127,958$123,152$118,555$104,177
5 years$109,491$104,263$99,301$94,592$90,124$76,386
6 years$90,327$85,138$80,250$75,646$71,312$58,228
7 years$76,644$71,499$66,688$62,193$57,996$45,566
8 years$66,387$61,288$56,557$52,172$48,113$36,330
9 years$58,413$53,362$48,712$44,439$40,518$29,371
10 years$52,037$47,036$42,468$38,307$34,524$23,997
11 years$46,825$41,873$37,389$33,338$29,691$19,769
12 years$42,484$37,583$33,181$29,242$25,730$16,393
13 years$38,814$33,964$29,645$25,817$22,437$13,665
14 years$35,670$30,873$26,637$22,917$19,668$11,439
15 years$32,949$28,203$24,049$20,438$17,317$9,610
16 years$30,570$25,875$21,804$18,300$15,305$8,096
17 years$28,473$23,830$19,841$16,442$13,571$6,837
18 years$26,611$22,020$18,112$14,818$12,066$5,785
19 years$24,947$20,408$16,581$13,389$10,755$4,904
20 years$23,451$18,964$15,217$12,127$9,607$4,162
21 years$22,099$17,665$13,997$11,006$8,597$3,537
22 years$20,872$16,489$12,900$10,007$7,706$3,008
23 years$19,754$15,422$11,911$9,113$6,917$2,561
24 years$18,730$14,449$11,016$8,312$6,217$2,182
25 years$17,789$13,560$10,203$7,591$5,595$1,860
26 years$16,922$12,744$9,463$6,941$5,039$1,586
27 years$16,121$11,994$8,787$6,353$4,543$1,354
28 years$15,379$11,302$8,168$5,821$4,100$1,155
29 years$14,688$10,662$7,601$5,338$3,702$987
30 years$14,045$10,069$7,080$4,899$3,345$843
31 years$13,445$9,519$6,601$4,499$3,024$720
32 years$12,883$9,006$6,159$4,135$2,736$615
33 years$12,357$8,529$5,750$3,802$2,476$526
34 years$11,862$8,084$5,373$3,498$2,241$449
35 years$11,397$7,667$5,023$3,220$2,030$384
36 years$10,959$7,277$4,699$2,966$1,839$328
37 years$10,545$6,912$4,398$2,733$1,667$281
38 years$10,154$6,569$4,119$2,519$1,511$240
39 years$9,784$6,246$3,859$2,322$1,371$205
40 years$9,433$5,943$3,617$2,142$1,243$176
41 years$9,101$5,657$3,392$1,976$1,128$150
42 years$8,785$5,388$3,181$1,824$1,023$128
43 years$8,484$5,133$2,985$1,684$929$110
44 years$8,198$4,893$2,802$1,555$843$94
45 years$7,926$4,666$2,631$1,436$765$80
46 years$7,666$4,451$2,471$1,326$695$69
47 years$7,418$4,248$2,322$1,225$631$59
48 years$7,180$4,055$2,182$1,132$573$50
49 years$6,954$3,872$2,051$1,046$520$43
50 years$6,737$3,699$1,928$967$473$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $6,900,000, adding $3,996 every year, while hoping to spend $36,296 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: 44/27/29 Blend
29$6,900,000$6,900,000$6,900,000$6,900,000
30$7,607,922$7,242,222$7,135,272$7,878,412
31$8,345,311$7,558,472$7,335,685$8,388,495
32$9,156,698$7,889,002$7,541,595$8,937,333
33$10,049,591$8,234,473$7,753,149$9,531,617
34$11,032,265$8,595,578$7,970,495$10,175,602
35$12,113,837$8,973,042$8,193,787$10,873,958
36$13,304,351$9,367,625$8,423,182$11,631,819
37$14,614,878$9,780,121$8,658,842$12,454,826
38$16,057,613$10,211,365$8,900,931$13,349,177
39$17,645,996$10,662,228$9,149,618$14,321,688
40$19,394,835$11,133,624$9,405,077$15,379,849
41$21,320,447$11,626,510$9,667,486$16,531,897
42$23,440,813$12,141,890$9,937,027$17,786,889
43$25,775,745$12,680,811$10,213,887$19,154,785
44$28,347,075$13,244,375$10,498,256$20,646,539
45$31,178,860$13,833,733$10,790,331$22,274,201
46$34,297,609$14,450,091$11,090,313$24,051,028
47$37,732,534$15,094,714$11,398,407$25,991,603
48$41,515,823$15,768,926$11,714,824$28,111,971
49$45,682,946$16,474,112$12,039,780$30,429,790
50$50,272,990$17,211,727$12,373,496$32,964,489
51$55,329,025$17,983,293$12,716,198$35,737,452
52$60,898,514$18,790,402$13,068,119$38,772,213
53$67,033,758$19,634,727$13,429,497$42,094,676
54$73,792,390$20,518,018$13,800,573$45,733,356
55$81,237,919$21,442,106$14,181,598$49,719,642
56$89,440,332$22,408,915$14,572,827$54,088,088
57$98,476,750$23,420,455$14,974,521$58,876,737
58$108,432,158$24,478,837$15,386,946$64,127,476
59$119,400,206$25,586,268$15,810,378$69,886,420
60$131,484,097$26,745,065$16,245,095$76,204,351
61$144,797,554$27,957,653$16,691,385$83,137,184
62$159,465,900$29,226,573$17,149,541$90,746,493
63$175,627,235$30,554,488$17,619,864$99,100,085
64$193,433,744$31,944,189$18,102,661$108,272,635
65$213,053,132$33,398,600$18,598,246$118,346,380
66$234,670,206$34,920,786$19,106,941$129,411,896
67$258,488,619$36,513,957$19,629,076$141,568,938
68$284,732,795$38,181,478$20,164,987$154,927,379
69$313,650,045$39,926,875$20,715,019$169,608,236
70$345,512,901$41,753,843$21,279,523$185,744,808
71$380,621,690$43,666,255$21,858,861$203,483,924
72$419,307,370$45,668,169$22,453,401$222,987,316
73$461,934,651$47,763,839$23,063,519$244,433,144
74$508,905,440$49,957,721$23,689,601$268,017,663
75$560,662,632$52,254,487$24,332,040$293,957,065
76$617,694,297$54,659,032$24,991,239$322,489,513
77$680,538,280$57,176,490$25,667,610$353,877,375
78$749,787,282$59,812,236$26,361,574$388,409,688
79$826,094,458$62,571,908$27,073,559$426,404,880
80$910,179,574$65,461,413$27,804,004$468,213,757
81$1,002,835,812$68,486,943$28,553,360$514,222,805
82$1,104,937,251$71,654,990$29,322,084$564,857,824
83$1,217,447,120$74,972,354$30,110,643$620,587,931
84$1,341,426,894$78,446,167$30,919,517$681,929,977
85$1,478,046,309$82,083,901$31,749,193$749,453,408
86$1,628,594,412$85,893,392$32,600,171$823,785,625
87$1,794,491,725$89,882,850$33,472,959$905,617,890
88$1,977,303,654$94,060,883$34,368,076$995,711,832
89$2,178,755,274$98,436,514$35,286,054$1,094,906,618
90$2,400,747,609$103,019,200$36,227,434$1,204,126,860
91$2,645,375,579$107,818,855$37,192,767$1,324,391,316
92$2,914,947,782$112,845,873$38,182,619$1,456,822,491
93$3,212,008,282$118,111,147$39,197,563$1,602,657,211
94$3,539,360,632$123,626,098$40,238,186$1,763,258,273
95$3,900,094,337$129,402,698$41,305,086$1,940,127,287
96$4,297,614,027$135,453,497$42,398,874$2,134,918,827
97$4,735,671,592$141,791,653$43,520,171$2,349,456,024
98$5,218,401,608$148,430,958$44,669,610$2,585,747,747
99$5,750,360,369$155,385,871$45,847,838$2,846,007,543
100$6,336,568,899$162,671,552$47,055,514$3,132,674,497