Can I retire at age 30 with 7,000,000?

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 $7,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$578,053$572,904$567,881$562,978$558,190$555,137
2 years$286,165$280,836$275,670$270,662$265,805$262,725
3 years$188,882$183,529$178,377$173,416$168,637$165,625
4 years$140,249$134,913$129,813$124,936$120,274$117,352
5 years$111,078$105,774$100,740$95,963$91,430$88,608
6 years$91,636$86,372$81,413$76,743$72,346$69,627
7 years$77,755$72,535$67,655$63,094$58,836$56,222
8 years$67,349$62,176$57,376$52,928$48,810$46,301
9 years$59,259$54,135$49,418$45,083$41,105$38,700
10 years$52,792$47,718$43,084$38,862$35,024$32,722
11 years$47,503$42,480$37,930$33,822$30,122$27,921
12 years$43,099$38,128$33,662$29,666$26,103$24,001
13 years$39,376$34,457$30,075$26,191$22,762$20,758
14 years$36,187$31,320$27,023$23,249$19,953$18,045
15 years$33,426$28,611$24,398$20,734$17,568$15,752
16 years$31,013$26,250$22,120$18,565$15,527$13,801
17 years$28,885$24,176$20,128$16,681$13,767$12,129
18 years$26,996$22,339$18,375$15,033$12,241$10,688
19 years$25,308$20,704$16,821$13,583$10,911$9,439
20 years$23,791$19,239$15,438$12,302$9,746$8,354
21 years$22,420$17,921$14,200$11,165$8,721$7,405
22 years$21,175$16,728$13,087$10,152$7,817$6,575
23 years$20,040$15,645$12,084$9,245$7,017$5,845
24 years$19,001$14,659$11,175$8,432$6,307$5,202
25 years$18,047$13,757$10,351$7,701$5,676$4,635
26 years$17,168$12,929$9,600$7,041$5,112$4,134
27 years$16,355$12,168$8,914$6,445$4,609$3,689
28 years$15,601$11,466$8,287$5,905$4,159$3,295
29 years$14,901$10,816$7,712$5,415$3,756$2,945
30 years$14,249$10,215$7,183$4,970$3,393$2,633
31 years$13,640$9,657$6,697$4,564$3,068$2,356
32 years$13,070$9,137$6,248$4,195$2,775$2,109
33 years$12,536$8,653$5,834$3,857$2,512$1,888
34 years$12,034$8,201$5,451$3,549$2,274$1,691
35 years$11,562$7,779$5,096$3,267$2,060$1,515
36 years$11,118$7,383$4,767$3,009$1,866$1,358
37 years$10,698$7,012$4,462$2,772$1,691$1,218
38 years$10,301$6,664$4,179$2,555$1,533$1,092
39 years$9,926$6,337$3,915$2,356$1,390$979
40 years$9,570$6,029$3,669$2,173$1,261$878
41 years$9,233$5,739$3,441$2,005$1,144$788
42 years$8,912$5,466$3,228$1,850$1,038$707
43 years$8,607$5,208$3,029$1,708$942$635
44 years$8,317$4,964$2,843$1,577$855$570
45 years$8,041$4,734$2,669$1,457$776$511
46 years$7,777$4,516$2,507$1,345$705$459
47 years$7,525$4,309$2,355$1,243$640$412
48 years$7,285$4,114$2,213$1,149$581$370
49 years$7,055$3,928$2,080$1,062$528$332
50 years$6,834$3,753$1,956$981$480$298

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $7,000,000, adding $4,462 every year, while hoping to spend $40,059 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: 62/32/6 Blend
29$7,000,000$7,000,000$7,000,000$7,000,000
30$7,718,603$7,347,603$7,239,103$8,188,625
31$8,463,278$7,665,013$7,438,990$8,820,182
32$9,282,567$7,996,633$7,644,231$9,504,108
33$10,184,039$8,343,118$7,854,963$10,249,517
34$11,176,032$8,705,153$8,071,326$11,062,346
35$12,267,735$9,083,453$8,293,463$11,949,124
36$13,469,272$9,478,770$8,521,522$12,917,027
37$14,791,798$9,891,890$8,755,653$13,973,951
38$16,247,605$10,323,636$8,996,011$15,128,580
39$17,850,235$10,774,869$9,242,752$16,390,467
40$19,614,614$11,246,492$9,496,038$17,770,120
41$21,557,183$11,739,449$9,756,035$19,279,104
42$23,696,065$12,254,730$10,022,911$20,930,140
43$26,051,223$12,793,372$10,296,838$22,737,229
44$28,644,660$13,356,460$10,577,994$24,715,778
45$31,500,618$13,945,129$10,866,560$26,882,744
46$34,645,811$14,560,570$11,162,720$29,256,789
47$38,109,676$15,204,030$11,466,663$31,858,458
48$41,924,650$15,876,815$11,778,583$34,710,361
49$46,126,477$16,580,291$12,098,678$37,837,394
50$50,754,543$17,315,891$12,427,150$41,266,958
51$55,852,253$18,085,116$12,764,205$45,029,227
52$61,467,431$18,889,535$13,110,055$49,157,418
53$67,652,783$19,730,797$13,464,915$53,688,105
54$74,466,385$20,610,623$13,829,008$58,661,563
55$81,972,234$21,530,822$14,202,557$64,122,137
56$90,240,853$22,493,283$14,585,795$70,118,661
57$99,349,957$23,499,990$14,978,955$76,704,912
58$109,385,181$24,553,019$15,382,279$83,940,113
59$120,440,897$25,654,544$15,796,013$91,889,487
60$132,621,096$26,806,845$16,220,407$100,624,866
61$146,040,376$28,012,308$16,655,718$110,225,365
62$160,825,017$29,273,434$17,102,207$120,778,121
63$177,114,180$30,592,844$17,560,143$132,379,109
64$195,061,216$31,973,282$18,029,797$145,134,044
65$214,835,114$33,417,626$18,511,449$159,159,368
66$236,622,094$34,928,889$19,005,382$174,583,347
67$260,627,372$36,510,229$19,511,886$191,547,267
68$287,077,087$38,164,954$20,031,258$210,206,766
69$316,220,444$39,896,530$20,563,798$230,733,294
70$348,332,060$41,708,591$21,109,816$253,315,719
71$383,714,561$43,604,942$21,669,626$278,162,104
72$422,701,434$45,589,573$22,243,546$305,501,660
73$465,660,180$47,666,662$22,831,905$335,586,903
74$512,995,780$49,840,589$23,435,035$368,696,021
75$565,154,515$52,115,944$24,053,274$405,135,496
76$622,628,186$54,497,536$24,686,970$445,242,981
77$685,958,751$56,990,405$25,336,473$489,390,477
78$755,743,442$59,599,833$26,002,143$537,987,832
79$832,640,403$62,331,355$26,684,345$591,486,600
80$917,374,906$65,190,773$27,383,452$650,384,284
81$1,010,746,190$68,184,165$28,099,842$715,229,022
82$1,113,635,016$71,317,903$28,833,901$786,624,748
83$1,227,011,973$74,598,665$29,586,021$865,236,873
84$1,351,946,643$78,033,449$30,356,603$951,798,555
85$1,489,617,703$81,629,591$31,146,051$1,047,117,599
86$1,641,324,045$85,394,777$31,954,780$1,152,084,066
87$1,808,497,042$89,337,065$32,783,209$1,267,678,661
88$1,992,714,059$93,464,900$33,631,766$1,394,981,964
89$2,195,713,348$97,787,135$34,500,885$1,535,184,616
90$2,419,410,451$102,313,046$35,391,006$1,689,598,536
91$2,665,916,291$107,052,359$36,302,578$1,859,669,282
92$2,937,557,094$112,015,266$37,236,057$2,046,989,677
93$3,236,896,356$117,212,452$38,191,902$2,253,314,818
94$3,566,759,038$122,655,116$39,170,585$2,480,578,622
95$3,930,258,240$128,354,997$40,172,580$2,730,912,053
96$4,330,824,589$134,324,401$41,198,370$3,006,663,215
97$4,772,238,625$140,576,225$42,248,443$3,310,419,484
98$5,258,666,496$147,123,991$43,323,298$3,645,031,910
99$5,794,699,286$153,981,873$44,423,435$4,013,642,094
100$6,385,396,357$161,164,729$45,549,364$4,419,711,816