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%13.2%
1 years$578,053$572,904$567,881$562,978$558,190$550,758
2 years$286,165$280,836$275,670$270,662$265,805$258,329
3 years$188,882$183,529$178,377$173,416$168,637$161,351
4 years$140,249$134,913$129,813$124,936$120,274$113,232
5 years$111,078$105,774$100,740$95,963$91,430$84,653
6 years$91,636$86,372$81,413$76,743$72,346$65,842
7 years$77,755$72,535$67,655$63,094$58,836$52,608
8 years$67,349$62,176$57,376$52,928$48,810$42,858
9 years$59,259$54,135$49,418$45,083$41,105$35,425
10 years$52,792$47,718$43,084$38,862$35,024$29,612
11 years$47,503$42,480$37,930$33,822$30,122$24,972
12 years$43,099$38,128$33,662$29,666$26,103$21,211
13 years$39,376$34,457$30,075$26,191$22,762$18,121
14 years$36,187$31,320$27,023$23,249$19,953$15,556
15 years$33,426$28,611$24,398$20,734$17,568$13,407
16 years$31,013$26,250$22,120$18,565$15,527$11,595
17 years$28,885$24,176$20,128$16,681$13,767$10,056
18 years$26,996$22,339$18,375$15,033$12,241$8,742
19 years$25,308$20,704$16,821$13,583$10,911$7,616
20 years$23,791$19,239$15,438$12,302$9,746$6,647
21 years$22,420$17,921$14,200$11,165$8,721$5,810
22 years$21,175$16,728$13,087$10,152$7,817$5,085
23 years$20,040$15,645$12,084$9,245$7,017$4,456
24 years$19,001$14,659$11,175$8,432$6,307$3,908
25 years$18,047$13,757$10,351$7,701$5,676$3,431
26 years$17,168$12,929$9,600$7,041$5,112$3,014
27 years$16,355$12,168$8,914$6,445$4,609$2,650
28 years$15,601$11,466$8,287$5,905$4,159$2,331
29 years$14,901$10,816$7,712$5,415$3,756$2,052
30 years$14,249$10,215$7,183$4,970$3,393$1,806
31 years$13,640$9,657$6,697$4,564$3,068$1,591
32 years$13,070$9,137$6,248$4,195$2,775$1,402
33 years$12,536$8,653$5,834$3,857$2,512$1,236
34 years$12,034$8,201$5,451$3,549$2,274$1,089
35 years$11,562$7,779$5,096$3,267$2,060$961
36 years$11,118$7,383$4,767$3,009$1,866$847
37 years$10,698$7,012$4,462$2,772$1,691$748
38 years$10,301$6,664$4,179$2,555$1,533$660
39 years$9,926$6,337$3,915$2,356$1,390$582
40 years$9,570$6,029$3,669$2,173$1,261$514
41 years$9,233$5,739$3,441$2,005$1,144$453
42 years$8,912$5,466$3,228$1,850$1,038$400
43 years$8,607$5,208$3,029$1,708$942$353
44 years$8,317$4,964$2,843$1,577$855$312
45 years$8,041$4,734$2,669$1,457$776$275
46 years$7,777$4,516$2,507$1,345$705$243
47 years$7,525$4,309$2,355$1,243$640$215
48 years$7,285$4,114$2,213$1,149$581$190
49 years$7,055$3,928$2,080$1,062$528$168
50 years$6,834$3,753$1,956$981$480$148

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 $4,456 every year, while hoping to spend $27,056 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: 63/24/13 Blend
29$7,000,000$7,000,000$7,000,000$7,000,000
30$7,718,596$7,347,596$7,239,096$8,180,783
31$8,477,106$7,678,841$7,452,819$8,822,178
32$9,312,076$8,025,410$7,672,794$9,518,744
33$10,231,279$8,388,026$7,899,203$10,278,696
34$11,243,275$8,767,445$8,132,232$11,108,193
35$12,357,499$9,164,460$8,372,072$12,014,011
36$13,584,348$9,579,902$8,618,920$13,003,603
37$14,935,276$10,014,642$8,872,979$14,085,167
38$16,422,907$10,469,593$9,134,457$15,267,727
39$18,061,150$10,945,709$9,403,567$16,561,207
40$19,865,331$11,443,992$9,680,530$17,976,530
41$21,852,340$11,965,493$9,965,573$19,525,717
42$24,040,787$12,511,310$10,258,928$21,221,997
43$26,451,180$13,082,598$10,560,835$23,079,929
44$29,106,118$13,680,562$10,871,541$25,115,540
45$32,030,502$14,306,470$11,191,298$27,346,472
46$35,251,774$14,961,648$11,520,367$29,792,144
47$38,800,171$15,647,485$11,859,015$32,473,936
48$42,709,016$16,365,439$12,207,519$35,415,385
49$47,015,026$17,117,036$12,566,162$38,642,407
50$51,758,664$17,903,877$12,935,234$42,183,535
51$56,984,520$18,727,638$13,315,036$46,070,187
52$62,741,726$19,590,077$13,705,875$50,336,959
53$69,084,428$20,493,037$14,108,068$55,021,949
54$76,072,291$21,438,448$14,521,940$60,167,109
55$83,771,066$22,428,333$14,947,826$65,818,643
56$92,253,207$23,464,813$15,386,070$72,027,433
57$101,598,558$24,550,113$15,837,027$78,849,517
58$111,895,103$25,686,561$16,301,060$86,346,617
59$123,239,801$26,876,599$16,778,543$94,586,712
60$135,739,497$28,122,789$17,269,860$103,644,676
61$149,511,933$29,427,813$17,775,408$113,602,983
62$164,686,858$30,794,484$18,295,592$124,552,473
63$181,407,254$32,225,750$18,830,831$136,593,214
64$199,830,684$33,724,702$19,381,554$149,835,429
65$220,130,780$35,294,579$19,948,203$164,400,541
66$242,498,884$36,938,777$20,531,231$180,422,306
67$267,145,848$38,660,856$21,131,106$198,048,070
68$294,304,034$40,464,547$21,748,307$217,440,156
69$324,229,498$42,353,762$22,383,328$238,777,385
70$357,204,412$44,332,602$23,036,675$262,256,759
71$393,539,728$46,405,365$23,708,869$288,095,312
72$433,578,111$48,576,559$24,400,447$316,532,148
73$477,697,175$50,850,907$25,111,959$347,830,694
74$526,313,048$53,233,362$25,843,970$382,281,175
75$579,884,298$55,729,117$26,597,063$420,203,340
76$638,916,267$58,343,613$27,371,835$461,949,480
77$703,965,835$61,082,560$28,168,900$507,907,735
78$775,646,683$63,951,937$28,988,890$558,505,748
79$854,635,081$66,958,019$29,832,455$614,214,695
80$941,676,278$70,107,381$30,700,261$675,553,716
81$1,037,591,532$73,406,916$31,592,994$743,094,808
82$1,143,285,867$76,863,853$32,511,357$817,468,206
83$1,259,756,614$80,485,771$33,456,076$899,368,323
84$1,388,102,828$84,280,613$34,427,894$989,560,289
85$1,529,535,663$88,256,710$35,427,576$1,088,887,161
86$1,685,389,808$92,422,796$36,455,907$1,198,277,864
87$1,857,136,083$96,788,027$37,513,694$1,318,755,943
88$2,046,395,329$101,362,006$38,601,768$1,451,449,214
89$2,254,953,705$106,154,797$39,720,980$1,597,600,384
90$2,484,779,556$111,176,955$40,872,206$1,758,578,771
91$2,738,041,992$116,439,547$42,056,346$1,935,893,210
92$3,017,131,367$121,954,177$43,274,325$2,131,206,273
93$3,324,681,844$127,733,009$44,527,093$2,346,349,945
94$3,663,596,267$133,788,802$45,815,626$2,583,342,898
95$4,037,073,563$140,134,929$47,140,925$2,844,409,521
96$4,448,638,943$146,785,417$48,504,023$3,132,000,898
97$4,902,177,184$153,754,971$49,905,976$3,448,817,919
98$5,401,969,303$161,059,011$51,347,873$3,797,836,751
99$5,952,732,974$168,713,705$52,830,829$4,182,336,908
100$6,559,667,068$176,736,008$54,355,993$4,605,932,181