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

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 $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%15.2%
1 years$578,053$572,904$567,881$562,978$558,190$546,250
2 years$286,165$280,836$275,670$270,662$265,805$253,834
3 years$188,882$183,529$178,377$173,416$168,637$157,009
4 years$140,249$134,913$129,813$124,936$120,274$109,077
5 years$111,078$105,774$100,740$95,963$91,430$80,697
6 years$91,636$86,372$81,413$76,743$72,346$62,088
7 years$77,755$72,535$67,655$63,094$58,836$49,056
8 years$67,349$62,176$57,376$52,928$48,810$39,503
9 years$59,259$54,135$49,418$45,083$41,105$32,266
10 years$52,792$47,718$43,084$38,862$35,024$26,642
11 years$47,503$42,480$37,930$33,822$30,122$22,188
12 years$43,099$38,128$33,662$29,666$26,103$18,604
13 years$39,376$34,457$30,075$26,191$22,762$15,686
14 years$36,187$31,320$27,023$23,249$19,953$13,285
15 years$33,426$28,611$24,398$20,734$17,568$11,294
16 years$31,013$26,250$22,120$18,565$15,527$9,631
17 years$28,885$24,176$20,128$16,681$13,767$8,234
18 years$26,996$22,339$18,375$15,033$12,241$7,055
19 years$25,308$20,704$16,821$13,583$10,911$6,056
20 years$23,791$19,239$15,438$12,302$9,746$5,207
21 years$22,420$17,921$14,200$11,165$8,721$4,483
22 years$21,175$16,728$13,087$10,152$7,817$3,864
23 years$20,040$15,645$12,084$9,245$7,017$3,334
24 years$19,001$14,659$11,175$8,432$6,307$2,879
25 years$18,047$13,757$10,351$7,701$5,676$2,487
26 years$17,168$12,929$9,600$7,041$5,112$2,151
27 years$16,355$12,168$8,914$6,445$4,609$1,861
28 years$15,601$11,466$8,287$5,905$4,159$1,610
29 years$14,901$10,816$7,712$5,415$3,756$1,394
30 years$14,249$10,215$7,183$4,970$3,393$1,208
31 years$13,640$9,657$6,697$4,564$3,068$1,046
32 years$13,070$9,137$6,248$4,195$2,775$907
33 years$12,536$8,653$5,834$3,857$2,512$786
34 years$12,034$8,201$5,451$3,549$2,274$681
35 years$11,562$7,779$5,096$3,267$2,060$591
36 years$11,118$7,383$4,767$3,009$1,866$512
37 years$10,698$7,012$4,462$2,772$1,691$444
38 years$10,301$6,664$4,179$2,555$1,533$386
39 years$9,926$6,337$3,915$2,356$1,390$334
40 years$9,570$6,029$3,669$2,173$1,261$290
41 years$9,233$5,739$3,441$2,005$1,144$252
42 years$8,912$5,466$3,228$1,850$1,038$218
43 years$8,607$5,208$3,029$1,708$942$190
44 years$8,317$4,964$2,843$1,577$855$165
45 years$8,041$4,734$2,669$1,457$776$143
46 years$7,777$4,516$2,507$1,345$705$124
47 years$7,525$4,309$2,355$1,243$640$108
48 years$7,285$4,114$2,213$1,149$581$93
49 years$7,055$3,928$2,080$1,062$528$81
50 years$6,834$3,753$1,956$981$480$70

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 $4,396 every year, while hoping to spend $43,733 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: 53/25/22 Blend
29$7,000,000$7,000,000$7,000,000$7,000,000
30$7,718,534$7,347,534$7,239,034$8,080,583
31$8,459,293$7,661,032$7,435,011$8,643,767
32$9,274,144$7,988,425$7,636,086$9,251,374
33$10,170,597$8,330,349$7,842,386$9,911,644
34$11,156,930$8,687,467$8,054,037$10,629,614
35$12,242,259$9,060,476$8,271,170$11,410,821
36$13,436,633$9,450,102$8,493,917$12,261,354
37$14,751,121$9,857,109$8,722,415$13,187,912
38$16,197,921$10,282,293$8,956,802$14,197,857
39$17,790,474$10,726,491$9,197,220$15,299,292
40$19,543,589$11,190,575$9,443,813$16,501,129
41$21,473,584$11,675,462$9,696,730$17,813,172
42$23,598,439$12,182,110$9,956,120$19,246,208
43$25,937,969$12,711,522$10,222,138$20,812,108
44$28,514,003$13,264,748$10,494,942$22,523,935
45$31,350,600$13,842,889$10,774,691$24,396,063
46$34,474,266$14,447,096$11,061,548$26,444,314
47$37,914,213$15,078,575$11,355,681$28,686,104
48$41,702,627$15,738,589$11,657,261$31,140,601
49$45,874,975$16,428,460$11,966,460$33,828,907
50$50,470,342$17,149,574$12,283,455$36,774,253
51$55,531,793$17,903,380$12,608,428$40,002,214
52$61,106,788$18,691,397$12,941,561$43,540,948
53$67,247,620$19,515,216$13,283,044$47,421,459
54$74,011,917$20,376,501$13,633,066$51,677,885
55$81,463,182$21,276,999$13,991,822$56,347,817
56$89,671,390$22,218,535$14,359,512$61,472,649
57$98,713,653$23,203,024$14,736,336$67,097,969
58$108,674,943$24,232,470$15,122,502$73,273,976
59$119,648,899$25,308,973$15,518,217$80,055,961
60$131,738,705$26,434,731$15,923,696$87,504,815
61$145,058,068$27,612,048$16,339,155$95,687,602
62$159,732,291$28,843,338$16,764,816$104,678,190
63$175,899,450$30,131,127$17,200,903$114,557,939
64$193,711,705$31,478,063$17,647,644$125,416,466
65$213,336,731$32,886,921$18,105,272$137,352,483
66$234,959,302$34,360,605$18,574,024$150,474,726
67$258,783,036$35,902,159$19,054,139$164,902,972
68$285,032,314$37,514,773$19,545,861$180,769,166
69$313,954,401$39,201,788$20,049,438$198,218,658
70$345,821,777$40,966,703$20,565,121$217,411,569
71$380,934,713$42,813,186$21,093,167$238,524,294
72$419,624,100$44,745,079$21,633,835$261,751,161
73$462,254,577$46,766,406$22,187,388$287,306,257
74$509,227,971$48,881,387$22,754,092$315,425,440
75$560,987,089$51,094,440$23,334,219$346,368,557
76$618,019,899$53,410,195$23,928,043$380,421,887
77$680,864,139$55,833,504$24,535,842$417,900,838
78$750,112,386$58,369,451$25,157,897$459,152,908
79$826,417,658$61,023,362$25,794,495$504,560,960
80$910,499,572$63,800,821$26,445,924$554,546,826
81$1,003,151,142$66,707,675$27,112,477$609,575,272
82$1,105,246,262$69,750,054$27,794,448$670,158,380
83$1,217,747,955$72,934,381$28,492,136$736,860,368
84$1,341,717,469$76,267,388$29,205,845$810,302,901
85$1,478,324,288$79,756,127$29,935,878$891,170,948
86$1,628,857,179$83,407,991$30,682,544$980,219,235
87$1,794,736,355$87,230,727$31,446,153$1,078,279,356
88$1,977,526,884$91,232,452$32,227,019$1,186,267,603
89$2,178,953,459$95,421,676$33,025,458$1,305,193,607
90$2,400,916,689$99,807,315$33,841,788$1,436,169,846
91$2,645,511,033$104,398,715$34,676,329$1,580,422,136
92$2,915,044,576$109,205,670$35,529,404$1,739,301,179
93$3,212,060,820$114,238,445$36,401,336$1,914,295,299
94$3,539,362,695$119,507,800$37,292,452$2,107,044,472
95$3,900,039,018$125,025,011$38,203,078$2,319,355,785
96$4,297,493,658$130,801,897$39,133,541$2,553,220,476
97$4,735,477,668$136,850,846$40,084,171$2,810,832,709
98$5,218,124,695$143,184,843$41,055,296$3,094,610,264
99$5,749,990,011$149,817,497$42,047,246$3,407,217,336
100$6,336,093,512$156,763,074$43,060,348$3,751,589,663