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

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 $6,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$569,796$564,720$559,768$554,935$550,216$539,769
2 years$282,077$276,824$271,732$266,796$262,007$251,523
3 years$186,183$180,907$175,829$170,939$166,228$156,033
4 years$138,246$132,986$127,958$123,152$118,555$108,728
5 years$109,491$104,263$99,301$94,592$90,124$80,693
6 years$90,327$85,138$80,250$75,646$71,312$62,287
7 years$76,644$71,499$66,688$62,193$57,996$49,380
8 years$66,387$61,288$56,557$52,172$48,113$39,903
9 years$58,413$53,362$48,712$44,439$40,518$32,710
10 years$52,037$47,036$42,468$38,307$34,524$27,109
11 years$46,825$41,873$37,389$33,338$29,691$22,662
12 years$42,484$37,583$33,181$29,242$25,730$19,076
13 years$38,814$33,964$29,645$25,817$22,437$16,148
14 years$35,670$30,873$26,637$22,917$19,668$13,732
15 years$32,949$28,203$24,049$20,438$17,317$11,722
16 years$30,570$25,875$21,804$18,300$15,305$10,039
17 years$28,473$23,830$19,841$16,442$13,571$8,620
18 years$26,611$22,020$18,112$14,818$12,066$7,418
19 years$24,947$20,408$16,581$13,389$10,755$6,397
20 years$23,451$18,964$15,217$12,127$9,607$5,525
21 years$22,099$17,665$13,997$11,006$8,597$4,778
22 years$20,872$16,489$12,900$10,007$7,706$4,137
23 years$19,754$15,422$11,911$9,113$6,917$3,586
24 years$18,730$14,449$11,016$8,312$6,217$3,111
25 years$17,789$13,560$10,203$7,591$5,595$2,701
26 years$16,922$12,744$9,463$6,941$5,039$2,347
27 years$16,121$11,994$8,787$6,353$4,543$2,040
28 years$15,379$11,302$8,168$5,821$4,100$1,774
29 years$14,688$10,662$7,601$5,338$3,702$1,544
30 years$14,045$10,069$7,080$4,899$3,345$1,344
31 years$13,445$9,519$6,601$4,499$3,024$1,170
32 years$12,883$9,006$6,159$4,135$2,736$1,019
33 years$12,357$8,529$5,750$3,802$2,476$888
34 years$11,862$8,084$5,373$3,498$2,241$774
35 years$11,397$7,667$5,023$3,220$2,030$674
36 years$10,959$7,277$4,699$2,966$1,839$588
37 years$10,545$6,912$4,398$2,733$1,667$512
38 years$10,154$6,569$4,119$2,519$1,511$447
39 years$9,784$6,246$3,859$2,322$1,371$389
40 years$9,433$5,943$3,617$2,142$1,243$340
41 years$9,101$5,657$3,392$1,976$1,128$296
42 years$8,785$5,388$3,181$1,824$1,023$258
43 years$8,484$5,133$2,985$1,684$929$225
44 years$8,198$4,893$2,802$1,555$843$197
45 years$7,926$4,666$2,631$1,436$765$171
46 years$7,666$4,451$2,471$1,326$695$150
47 years$7,418$4,248$2,322$1,225$631$130
48 years$7,180$4,055$2,182$1,132$573$114
49 years$6,954$3,872$2,051$1,046$520$99
50 years$6,737$3,699$1,928$967$473$87

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 $6,296 every year, while hoping to spend $49,567 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: 58/19/23 Blend
29$6,900,000$6,900,000$6,900,000$6,900,000
30$7,610,294$7,244,594$7,137,644$8,004,275
31$8,333,805$7,546,841$7,324,017$8,575,769
32$9,129,453$7,862,236$7,514,971$9,192,694
33$10,004,544$8,191,371$7,710,609$9,864,251
34$10,967,126$8,534,867$7,911,033$10,595,734
35$12,026,068$8,893,371$8,116,348$11,392,964
36$13,191,142$9,267,561$8,326,660$12,262,348
37$14,473,113$9,658,146$8,542,078$13,210,934
38$15,883,844$10,065,869$8,762,711$14,246,478
39$17,436,406$10,491,506$8,988,671$15,377,516
40$19,145,200$10,935,870$9,220,072$16,613,443
41$21,026,095$11,399,812$9,457,029$17,964,597
42$23,096,575$11,884,222$9,699,659$19,442,360
43$25,375,908$12,390,031$9,948,080$21,059,260
44$27,885,323$12,918,215$10,202,412$22,829,089
45$30,648,212$13,469,793$10,462,779$24,767,032
46$33,690,350$14,045,834$10,729,303$26,889,806
47$37,040,142$14,647,456$11,002,111$29,215,817
48$40,728,884$15,275,829$11,281,329$31,765,333
49$44,791,063$15,932,177$11,567,086$34,560,673
50$49,264,680$16,617,783$11,859,512$37,626,411
51$54,191,612$17,333,989$12,158,741$40,989,612
52$59,618,002$18,082,200$12,464,904$44,680,081
53$65,594,698$18,863,887$12,778,138$48,730,644
54$72,177,729$19,680,590$13,098,578$53,177,452
55$79,428,840$20,533,921$13,426,362$58,060,323
56$87,416,067$21,425,568$13,761,630$63,423,115
57$96,214,383$22,357,299$14,104,523$69,314,132
58$105,906,407$23,330,964$14,455,182$75,786,584
59$116,583,180$24,348,500$14,813,749$82,899,081
60$128,345,024$25,411,936$15,180,370$90,716,184
61$141,302,493$26,523,398$15,555,189$99,309,013
62$155,577,412$27,685,108$15,938,352$108,755,911
63$171,304,027$28,899,398$16,330,005$119,143,183
64$188,630,275$30,168,705$16,730,298$130,565,906
65$207,719,177$31,495,586$17,139,377$143,128,822
66$228,750,379$32,882,715$17,557,392$156,947,321
67$251,921,844$34,332,895$17,984,491$172,148,529
68$277,451,725$35,849,060$18,420,825$188,872,499
69$305,580,421$37,434,283$18,866,541$207,273,535
70$336,572,844$39,091,784$19,321,791$227,521,635
71$370,720,927$40,824,934$19,786,724$249,804,098
72$408,346,369$42,637,264$20,261,487$274,327,283
73$449,803,683$44,532,473$20,746,230$301,318,551
74$495,483,530$46,514,436$21,241,101$331,028,406
75$545,816,418$48,587,211$21,746,246$363,732,855
76$601,276,758$50,755,050$22,261,810$399,736,005
77$662,387,345$53,022,405$22,787,939$439,372,929
78$729,724,293$55,393,942$23,324,774$483,012,819
79$803,922,474$57,874,548$23,872,456$531,062,468
80$885,681,507$60,469,341$24,431,124$583,970,099
81$975,772,368$63,183,687$25,000,915$642,229,591
82$1,075,044,665$66,023,202$25,581,960$706,385,130
83$1,184,434,656$68,993,775$26,174,392$777,036,341
84$1,304,974,093$72,101,572$26,778,336$854,843,938
85$1,437,799,956$75,353,055$27,393,916$940,535,951
86$1,584,165,190$78,754,993$28,021,250$1,034,914,590
87$1,745,450,532$82,314,480$28,660,454$1,138,863,809
88$1,923,177,544$86,038,947$29,311,637$1,253,357,638
89$2,119,022,979$89,936,181$29,974,903$1,379,469,367
90$2,334,834,611$94,014,342$30,650,350$1,518,381,670
91$2,572,648,675$98,281,978$31,338,071$1,671,397,753
92$2,834,709,093$102,748,048$32,038,149$1,839,953,647
93$3,123,488,656$107,421,938$32,750,662$2,025,631,753
94$3,441,712,370$112,313,485$33,475,681$2,230,175,763
95$3,792,383,182$117,432,995$34,213,266$2,455,507,109
96$4,178,810,325$122,791,270$34,963,469$2,703,743,087
97$4,604,640,564$128,399,629$35,726,331$2,977,216,831
98$5,073,892,622$134,269,932$36,501,885$3,278,499,320
99$5,590,995,121$140,414,609$37,290,149$3,610,423,634
100$6,160,828,386$146,846,687$38,091,131$3,976,111,681