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%16.9%
1 years$578,053$572,904$567,881$562,978$558,190$542,497
2 years$286,165$280,836$275,670$270,662$265,805$250,114
3 years$188,882$183,529$178,377$173,416$168,637$153,440
4 years$140,249$134,913$129,813$124,936$120,274$105,687
5 years$111,078$105,774$100,740$95,963$91,430$77,493
6 years$91,636$86,372$81,413$76,743$72,346$59,072
7 years$77,755$72,535$67,655$63,094$58,836$46,226
8 years$67,349$62,176$57,376$52,928$48,810$36,857
9 years$59,259$54,135$49,418$45,083$41,105$29,797
10 years$52,792$47,718$43,084$38,862$35,024$24,345
11 years$47,503$42,480$37,930$33,822$30,122$20,056
12 years$43,099$38,128$33,662$29,666$26,103$16,630
13 years$39,376$34,457$30,075$26,191$22,762$13,863
14 years$36,187$31,320$27,023$23,249$19,953$11,605
15 years$33,426$28,611$24,398$20,734$17,568$9,749
16 years$31,013$26,250$22,120$18,565$15,527$8,213
17 years$28,885$24,176$20,128$16,681$13,767$6,936
18 years$26,996$22,339$18,375$15,033$12,241$5,869
19 years$25,308$20,704$16,821$13,583$10,911$4,975
20 years$23,791$19,239$15,438$12,302$9,746$4,222
21 years$22,420$17,921$14,200$11,165$8,721$3,588
22 years$21,175$16,728$13,087$10,152$7,817$3,052
23 years$20,040$15,645$12,084$9,245$7,017$2,598
24 years$19,001$14,659$11,175$8,432$6,307$2,214
25 years$18,047$13,757$10,351$7,701$5,676$1,887
26 years$17,168$12,929$9,600$7,041$5,112$1,609
27 years$16,355$12,168$8,914$6,445$4,609$1,373
28 years$15,601$11,466$8,287$5,905$4,159$1,172
29 years$14,901$10,816$7,712$5,415$3,756$1,001
30 years$14,249$10,215$7,183$4,970$3,393$855
31 years$13,640$9,657$6,697$4,564$3,068$730
32 years$13,070$9,137$6,248$4,195$2,775$624
33 years$12,536$8,653$5,834$3,857$2,512$533
34 years$12,034$8,201$5,451$3,549$2,274$456
35 years$11,562$7,779$5,096$3,267$2,060$390
36 years$11,118$7,383$4,767$3,009$1,866$333
37 years$10,698$7,012$4,462$2,772$1,691$285
38 years$10,301$6,664$4,179$2,555$1,533$243
39 years$9,926$6,337$3,915$2,356$1,390$208
40 years$9,570$6,029$3,669$2,173$1,261$178
41 years$9,233$5,739$3,441$2,005$1,144$152
42 years$8,912$5,466$3,228$1,850$1,038$130
43 years$8,607$5,208$3,029$1,708$942$111
44 years$8,317$4,964$2,843$1,577$855$95
45 years$8,041$4,734$2,669$1,457$776$81
46 years$7,777$4,516$2,507$1,345$705$70
47 years$7,525$4,309$2,355$1,243$640$60
48 years$7,285$4,114$2,213$1,149$581$51
49 years$7,055$3,928$2,080$1,062$528$44
50 years$6,834$3,753$1,956$981$480$37

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 $6,268 every year, while hoping to spend $27,440 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: 52/20/28 Blend
29$7,000,000$7,000,000$7,000,000$7,000,000
30$7,720,465$7,349,465$7,240,965$8,060,977
31$8,478,757$7,680,393$7,454,342$8,629,259
32$9,313,475$8,026,617$7,673,947$9,243,839
33$10,232,385$8,388,857$7,899,960$9,911,882
34$11,244,045$8,767,868$8,132,565$10,638,502
35$12,357,886$9,164,442$8,371,954$11,429,326
36$13,584,297$9,579,406$8,618,321$12,290,537
37$14,934,728$10,013,630$8,871,868$13,228,937
38$16,421,795$10,468,022$9,132,801$14,252,006
39$18,059,400$10,943,538$9,401,332$15,367,973
40$19,862,863$11,441,175$9,677,680$16,585,888
41$21,849,063$11,961,980$9,962,070$17,915,710
42$24,036,601$12,507,051$10,254,734$19,368,394
43$26,445,975$13,077,537$10,555,907$20,955,996
44$29,099,770$13,674,642$10,865,836$22,691,783
45$32,022,876$14,299,629$11,184,771$24,590,355
46$35,242,719$14,953,821$11,512,971$26,667,781
47$38,789,522$15,638,604$11,850,701$28,941,746
48$42,696,588$16,355,430$12,198,234$31,431,720
49$47,000,617$17,105,823$12,555,852$34,159,132
50$51,742,049$17,891,378$12,923,842$37,147,577
51$56,965,450$18,713,767$13,302,502$40,423,029
52$62,719,927$19,574,743$13,692,138$44,014,083
53$69,059,597$20,476,143$14,093,062$47,952,228
54$76,044,094$21,419,892$14,505,598$52,272,134
55$83,739,133$22,408,008$14,930,076$57,011,977
56$92,217,130$23,442,605$15,366,839$62,213,797
57$101,557,886$24,525,901$15,816,236$67,923,890
58$111,849,338$25,660,219$16,278,629$74,193,240
59$123,188,395$26,847,993$16,754,387$81,077,996
60$135,681,843$28,091,777$17,243,891$88,639,998
61$149,447,362$29,394,245$17,747,532$96,947,356
62$164,614,633$30,758,203$18,265,714$106,075,087
63$181,326,560$32,186,589$18,798,850$116,105,818
64$199,740,622$33,682,485$19,347,364$127,130,559
65$220,030,359$35,249,120$19,911,695$139,249,561
66$242,387,009$36,889,881$20,492,290$152,573,251
67$267,021,315$38,608,316$21,089,613$167,223,271
68$294,165,511$40,408,146$21,704,137$183,333,619
69$324,075,518$42,293,269$22,336,350$201,051,908
70$357,033,357$44,267,776$22,986,754$220,540,749
71$393,349,812$46,335,950$23,655,863$241,979,283
72$433,367,367$48,502,285$24,344,208$265,564,862
73$477,463,432$50,771,491$25,052,333$291,514,905
74$526,053,912$53,148,504$25,780,796$320,068,938
75$579,597,132$55,638,501$26,530,173$351,490,853
76$638,598,160$58,246,908$27,301,055$386,071,383
77$703,613,579$60,979,414$28,094,048$424,130,843
78$775,256,742$63,841,982$28,909,775$466,022,140
79$854,203,556$66,840,866$29,748,879$512,134,093
80$941,198,869$69,982,619$30,612,018$562,895,097
81$1,037,063,501$73,274,115$31,499,868$618,777,151
82$1,142,701,990$76,722,558$32,413,125$680,300,306
83$1,259,111,132$80,335,502$33,352,503$748,037,556
84$1,387,389,392$84,120,867$34,318,737$822,620,242
85$1,528,747,277$88,086,956$35,312,581$904,743,992
86$1,684,518,757$92,242,475$36,334,811$995,175,276
87$1,856,173,864$96,596,550$37,386,221$1,094,758,626
88$2,045,332,570$101,158,753$38,467,631$1,204,424,597
89$2,253,780,076$105,939,115$39,579,880$1,325,198,528
90$2,483,483,670$110,948,159$40,723,833$1,458,210,211
91$2,736,611,300$116,196,913$41,900,376$1,604,704,538
92$3,015,552,034$121,696,944$43,110,421$1,766,053,233
93$3,322,938,625$127,460,377$44,354,903$1,943,767,782
94$3,661,672,356$133,499,928$45,634,784$2,139,513,684
95$4,034,950,439$139,828,927$46,951,052$2,355,126,151
96$4,446,296,193$146,461,353$48,304,721$2,592,627,413
97$4,899,592,309$153,411,864$49,696,834$2,854,245,784
98$5,399,117,507$160,695,828$51,128,461$3,142,436,678
99$5,949,586,929$168,329,360$52,600,700$3,459,905,758
100$6,556,196,654$176,329,357$54,114,682$3,809,634,457