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%16.7%
1 years$569,796$564,720$559,768$554,935$550,216$535,178
2 years$282,077$276,824$271,732$266,796$262,007$246,967
3 years$186,183$180,907$175,829$170,939$166,228$151,656
4 years$138,246$132,986$127,958$123,152$118,555$104,564
5 years$109,491$104,263$99,301$94,592$90,124$76,751
6 years$90,327$85,138$80,250$75,646$71,312$58,570
7 years$76,644$71,499$66,688$62,193$57,996$45,885
8 years$66,387$61,288$56,557$52,172$48,113$36,628
9 years$58,413$53,362$48,712$44,439$40,518$29,648
10 years$52,037$47,036$42,468$38,307$34,524$24,254
11 years$46,825$41,873$37,389$33,338$29,691$20,006
12 years$42,484$37,583$33,181$29,242$25,730$16,611
13 years$38,814$33,964$29,645$25,817$22,437$13,865
14 years$35,670$30,873$26,637$22,917$19,668$11,623
15 years$32,949$28,203$24,049$20,438$17,317$9,778
16 years$30,570$25,875$21,804$18,300$15,305$8,249
17 years$28,473$23,830$19,841$16,442$13,571$6,977
18 years$26,611$22,020$18,112$14,818$12,066$5,912
19 years$24,947$20,408$16,581$13,389$10,755$5,019
20 years$23,451$18,964$15,217$12,127$9,607$4,266
21 years$22,099$17,665$13,997$11,006$8,597$3,631
22 years$20,872$16,489$12,900$10,007$7,706$3,093
23 years$19,754$15,422$11,911$9,113$6,917$2,638
24 years$18,730$14,449$11,016$8,312$6,217$2,251
25 years$17,789$13,560$10,203$7,591$5,595$1,922
26 years$16,922$12,744$9,463$6,941$5,039$1,642
27 years$16,121$11,994$8,787$6,353$4,543$1,403
28 years$15,379$11,302$8,168$5,821$4,100$1,200
29 years$14,688$10,662$7,601$5,338$3,702$1,026
30 years$14,045$10,069$7,080$4,899$3,345$878
31 years$13,445$9,519$6,601$4,499$3,024$751
32 years$12,883$9,006$6,159$4,135$2,736$643
33 years$12,357$8,529$5,750$3,802$2,476$550
34 years$11,862$8,084$5,373$3,498$2,241$471
35 years$11,397$7,667$5,023$3,220$2,030$403
36 years$10,959$7,277$4,699$2,966$1,839$345
37 years$10,545$6,912$4,398$2,733$1,667$296
38 years$10,154$6,569$4,119$2,519$1,511$253
39 years$9,784$6,246$3,859$2,322$1,371$217
40 years$9,433$5,943$3,617$2,142$1,243$186
41 years$9,101$5,657$3,392$1,976$1,128$159
42 years$8,785$5,388$3,181$1,824$1,023$136
43 years$8,484$5,133$2,985$1,684$929$117
44 years$8,198$4,893$2,802$1,555$843$100
45 years$7,926$4,666$2,631$1,436$765$86
46 years$7,666$4,451$2,471$1,326$695$74
47 years$7,418$4,248$2,322$1,225$631$63
48 years$7,180$4,055$2,182$1,132$573$54
49 years$6,954$3,872$2,051$1,046$520$46
50 years$6,737$3,699$1,928$967$473$40

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 $2,631 every year, while hoping to spend $31,191 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: 53/27/20 Blend
29$6,900,000$6,900,000$6,900,000$6,900,000
30$7,606,514$7,240,814$7,133,864$7,967,845
31$8,349,191$7,562,427$7,339,661$8,537,898
32$9,166,576$7,898,753$7,551,308$9,154,383
33$10,066,257$8,250,482$7,768,966$9,824,540
34$11,056,592$8,618,332$7,992,803$10,553,491
35$12,146,794$9,003,060$8,222,992$11,346,865
36$13,347,013$9,405,456$8,459,708$12,210,853
37$14,668,434$9,826,349$8,703,134$13,152,258
38$16,123,380$10,266,607$8,953,455$14,178,563
39$17,725,433$10,727,138$9,210,863$15,297,996
40$19,489,554$11,208,895$9,475,555$16,519,608
41$21,432,235$11,712,877$9,747,732$17,853,353
42$23,571,643$12,240,128$10,027,601$19,310,184
43$25,927,800$12,791,744$10,315,375$20,902,147
44$28,522,769$13,368,872$10,611,273$22,642,499
45$31,380,860$13,972,715$10,915,519$24,545,825
46$34,528,862$14,604,533$11,228,344$26,628,178
47$37,996,296$15,265,645$11,549,984$28,907,220
48$41,815,691$15,957,435$11,880,681$31,402,394
49$46,022,893$16,681,351$12,220,686$34,135,097
50$50,657,404$17,438,912$12,570,254$37,128,884
51$55,762,749$18,231,710$12,929,648$40,409,682
52$61,386,896$19,061,410$13,299,138$44,006,035
53$67,582,701$19,929,761$13,679,000$47,949,366
54$74,408,410$20,838,592$14,069,520$52,274,271
55$81,928,208$21,789,823$14,470,989$57,018,843
56$90,212,824$22,785,464$14,883,706$62,225,023
57$99,340,201$23,827,621$15,307,980$67,938,994
58$109,396,230$24,918,502$15,744,125$74,211,613
59$120,475,558$26,060,421$16,192,466$81,098,882
60$132,682,487$27,255,804$16,653,335$88,662,475
61$146,131,952$28,507,190$17,127,074$96,970,312
62$160,950,612$29,817,243$17,614,032$106,097,195
63$177,278,042$31,188,755$18,114,569$116,125,510
64$195,268,049$32,624,651$18,629,054$127,145,995
65$215,090,127$34,127,996$19,157,864$139,258,591
66$236,931,057$35,702,005$19,701,390$152,573,380
67$260,996,666$37,350,045$20,260,028$167,211,613
68$287,513,775$39,075,646$20,834,187$183,306,853
69$316,732,335$40,882,508$21,424,288$201,006,220
70$348,927,792$42,774,509$22,030,760$220,471,779
71$384,403,681$44,755,714$22,654,044$241,882,056
72$423,494,496$46,830,384$23,294,595$265,433,715
73$466,568,846$49,002,984$23,952,875$291,343,408
74$514,032,933$51,278,195$24,629,362$319,849,805
75$566,334,391$53,660,925$25,324,544$351,215,843
76$623,966,506$56,156,317$26,038,923$385,731,191
77$687,472,875$58,769,763$26,773,012$423,714,976
78$757,452,541$61,506,913$27,527,340$465,518,784
79$834,565,641$64,373,693$28,302,448$511,529,966
80$919,539,645$67,376,313$29,098,888$562,175,282
81$1,013,176,220$70,521,283$29,917,232$617,924,915
82$1,116,358,796$73,815,428$30,758,061$679,296,895
83$1,230,060,911$77,265,902$31,621,974$746,861,977
84$1,355,355,398$80,880,204$32,509,583$821,249,011
85$1,493,424,512$84,666,199$33,421,519$903,150,862
86$1,645,571,097$88,632,127$34,358,424$993,330,938
87$1,813,230,878$92,786,630$35,320,960$1,092,630,371
88$1,997,986,019$97,138,767$36,309,804$1,201,975,948
89$2,201,580,062$101,698,035$37,325,651$1,322,388,834
90$2,425,934,379$106,474,390$38,369,212$1,454,994,196
91$2,673,166,322$111,478,271$39,441,216$1,601,031,799
92$2,945,609,201$116,720,621$40,542,412$1,761,867,692
93$3,245,834,322$122,212,913$41,673,564$1,939,007,080
94$3,576,675,254$127,967,177$42,835,460$2,134,108,508
95$3,941,254,584$133,996,023$44,028,902$2,348,999,492
96$4,343,013,398$140,312,674$45,254,717$2,585,693,749
97$4,785,743,762$146,930,993$46,513,747$2,846,410,174
98$5,273,624,528$153,865,514$47,806,860$3,133,593,764
99$5,811,260,781$161,131,475$49,134,941$3,449,938,664
100$6,403,727,319$168,744,855$50,498,900$3,798,413,575