Can I retire at age 30 with 7,100,000?

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 $7,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$586,311$581,089$575,993$571,020$566,164$552,253
2 years$290,253$284,847$279,608$274,529$269,602$255,673
3 years$191,580$186,151$180,925$175,893$171,047$157,535
4 years$142,253$136,841$131,667$126,721$121,992$109,001
5 years$112,665$107,285$102,179$97,334$92,736$80,303
6 years$92,945$87,606$82,576$77,839$73,379$61,515
7 years$78,866$73,571$68,621$63,996$59,677$48,384
8 years$68,311$63,064$58,196$53,684$49,508$38,782
9 years$60,106$54,909$50,124$45,727$41,693$31,524
10 years$53,546$48,399$43,699$39,417$35,524$25,901
11 years$48,182$43,087$38,472$34,305$30,552$21,461
12 years$43,715$38,673$34,143$30,090$26,476$17,901
13 years$39,939$34,949$30,505$26,565$23,087$15,013
14 years$36,704$31,768$27,409$23,581$20,238$12,645
15 years$33,904$29,020$24,746$21,030$17,819$10,690
16 years$31,456$26,625$22,436$18,830$15,749$9,064
17 years$29,298$24,521$20,416$16,919$13,964$7,705
18 years$27,382$22,659$18,637$15,247$12,416$6,563
19 years$25,670$21,000$17,061$13,777$11,067$5,601
20 years$24,131$19,514$15,658$12,478$9,885$4,786
21 years$22,740$18,177$14,402$11,325$8,846$4,096
22 years$21,477$16,967$13,274$10,297$7,929$3,508
23 years$20,326$15,869$12,256$9,377$7,118$3,008
24 years$19,273$14,868$11,335$8,553$6,398$2,581
25 years$18,305$13,953$10,498$7,811$5,757$2,216
26 years$17,413$13,114$9,737$7,142$5,186$1,904
27 years$16,589$12,341$9,041$6,537$4,675$1,636
28 years$15,824$11,629$8,405$5,989$4,218$1,407
29 years$15,114$10,971$7,822$5,492$3,809$1,210
30 years$14,453$10,361$7,286$5,041$3,442$1,041
31 years$13,835$9,794$6,792$4,629$3,112$896
32 years$13,257$9,268$6,337$4,255$2,815$772
33 years$12,715$8,777$5,917$3,912$2,547$664
34 years$12,206$8,318$5,529$3,600$2,306$572
35 years$11,728$7,890$5,169$3,314$2,089$493
36 years$11,276$7,488$4,835$3,052$1,893$424
37 years$10,851$7,112$4,526$2,812$1,715$366
38 years$10,448$6,759$4,238$2,592$1,555$315
39 years$10,068$6,427$3,971$2,390$1,410$271
40 years$9,707$6,115$3,722$2,204$1,279$234
41 years$9,364$5,821$3,490$2,034$1,161$202
42 years$9,039$5,544$3,274$1,877$1,053$174
43 years$8,730$5,282$3,072$1,733$956$150
44 years$8,436$5,035$2,883$1,600$867$129
45 years$8,155$4,801$2,707$1,477$788$111
46 years$7,888$4,580$2,543$1,365$715$96
47 years$7,633$4,371$2,389$1,261$649$83
48 years$7,389$4,173$2,245$1,165$590$71
49 years$7,155$3,985$2,110$1,077$536$61
50 years$6,932$3,806$1,984$995$486$53

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $7,100,000, adding $4,514 every year, while hoping to spend $56,561 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: 77/16/7 Blend
29$7,100,000$7,100,000$7,100,000$7,100,000
30$7,828,856$7,452,556$7,342,506$8,424,715
31$8,567,219$7,757,551$7,528,300$9,121,630
32$9,378,999$8,075,595$7,718,422$9,877,761
33$10,271,626$8,407,267$7,912,957$10,705,105
34$11,253,283$8,753,175$8,111,993$11,610,716
35$12,332,989$9,113,951$8,315,615$12,602,358
36$13,520,678$9,490,260$8,523,913$13,688,579
37$14,827,299$9,882,794$8,736,976$14,878,792
38$16,264,911$10,292,279$8,954,892$16,183,359
39$17,846,804$10,719,473$9,177,753$17,613,691
40$19,587,621$11,165,170$9,405,651$19,182,353
41$21,503,496$11,630,200$9,638,677$20,903,180
42$23,612,204$12,115,432$9,876,925$22,791,410
43$25,933,335$12,621,773$10,120,487$24,863,824
44$28,488,470$13,150,175$10,369,459$27,138,901
45$31,301,392$13,701,632$10,623,934$29,636,996
46$34,398,305$14,277,184$10,884,007$32,380,526
47$37,808,086$14,877,919$11,149,775$35,394,184
48$41,562,550$15,504,976$11,421,331$38,705,164
49$45,696,757$16,159,548$11,698,774$42,343,424
50$50,249,341$16,842,880$11,982,197$46,341,963
51$55,262,872$17,556,279$12,271,698$50,737,127
52$60,784,257$18,301,109$12,567,373$55,568,959
53$66,865,188$19,078,800$12,869,316$60,881,567
54$73,562,623$19,890,847$13,177,624$66,723,540
55$80,939,328$20,738,816$13,492,392$73,148,407
56$89,064,466$21,624,345$13,813,714$80,215,139
57$98,014,252$22,549,148$14,141,684$87,988,702
58$107,872,671$23,515,021$14,476,395$96,540,668
59$118,732,268$24,523,842$14,817,940$105,949,889
60$130,695,027$25,577,578$15,166,408$116,303,238
61$143,873,328$26,678,287$15,521,891$127,696,427
62$158,391,008$27,828,124$15,884,475$140,234,906
63$174,384,534$29,029,345$16,254,248$154,034,856
64$192,004,285$30,284,312$16,631,294$169,224,285
65$211,415,976$31,595,497$17,015,696$185,944,228
66$232,802,217$32,965,488$17,407,533$204,350,079
67$256,364,242$34,396,996$17,806,885$224,613,053
68$282,323,804$35,892,858$18,213,825$246,921,799
69$310,925,269$37,456,045$18,628,425$271,484,175
70$342,437,924$39,089,668$19,050,754$298,529,211
71$377,158,515$40,796,985$19,480,877$328,309,258
72$415,414,051$42,581,405$19,918,855$361,102,375
73$457,564,892$44,446,501$20,364,744$397,214,945
74$504,008,144$46,396,013$20,818,596$436,984,561
75$555,181,415$48,433,858$21,280,459$480,783,211
76$611,566,939$50,564,137$21,750,374$529,020,784
77$673,696,133$52,791,145$22,228,377$582,148,932
78$742,154,609$55,119,382$22,714,499$640,665,328
79$817,587,706$57,553,559$23,208,762$705,118,360
80$900,706,579$60,098,611$23,711,182$776,112,303
81$992,294,913$62,759,705$24,221,769$854,313,013
82$1,093,216,318$65,542,255$24,740,523$940,454,208
83$1,204,422,488$68,451,931$25,267,435$1,035,344,388
84$1,326,962,177$71,494,671$25,802,490$1,139,874,462
85$1,461,991,106$74,676,696$26,345,660$1,255,026,146
86$1,610,782,867$78,004,522$26,896,907$1,381,881,227
87$1,774,740,950$81,484,975$27,456,185$1,521,631,765
88$1,955,411,992$85,125,204$28,023,432$1,675,591,340
89$2,154,500,376$88,932,699$28,598,578$1,845,207,441
90$2,373,884,320$92,915,307$29,181,536$2,032,075,125
91$2,615,633,611$97,081,248$29,772,208$2,237,952,060
92$2,882,029,143$101,439,132$30,370,480$2,464,775,115
93$3,175,584,446$105,997,981$30,976,222$2,714,678,627
94$3,499,069,424$110,767,245$31,589,289$2,990,014,546
95$3,855,536,492$115,756,828$32,209,518$3,293,374,621
96$4,248,349,405$120,977,103$32,836,727$3,627,614,861
97$4,681,215,002$126,438,939$33,470,716$3,995,882,478
98$5,158,218,210$132,153,725$34,111,262$4,401,645,593
99$5,683,860,603$138,133,392$34,758,125$4,848,725,957
100$6,263,102,900$144,390,444$35,411,037$5,341,335,020