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

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 $7,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$586,311$581,089$575,993$571,020$566,164$546,076
2 years$290,253$284,847$279,608$274,529$269,602$249,578
3 years$191,580$186,151$180,925$175,893$171,047$151,715
4 years$142,253$136,841$131,667$126,721$121,992$103,501
5 years$112,665$107,285$102,179$97,334$92,736$75,135
6 years$92,945$87,606$82,576$77,839$73,379$56,681
7 years$78,866$73,571$68,621$63,996$59,677$43,877
8 years$68,311$63,064$58,196$53,684$49,508$34,594
9 years$60,106$54,909$50,124$45,727$41,693$27,645
10 years$53,546$48,399$43,699$39,417$35,524$22,319
11 years$48,182$43,087$38,472$34,305$30,552$18,162
12 years$43,715$38,673$34,143$30,090$26,476$14,872
13 years$39,939$34,949$30,505$26,565$23,087$12,238
14 years$36,704$31,768$27,409$23,581$20,238$10,111
15 years$33,904$29,020$24,746$21,030$17,819$8,380
16 years$31,456$26,625$22,436$18,830$15,749$6,964
17 years$29,298$24,521$20,416$16,919$13,964$5,800
18 years$27,382$22,659$18,637$15,247$12,416$4,839
19 years$25,670$21,000$17,061$13,777$11,067$4,043
20 years$24,131$19,514$15,658$12,478$9,885$3,382
21 years$22,740$18,177$14,402$11,325$8,846$2,832
22 years$21,477$16,967$13,274$10,297$7,929$2,373
23 years$20,326$15,869$12,256$9,377$7,118$1,991
24 years$19,273$14,868$11,335$8,553$6,398$1,670
25 years$18,305$13,953$10,498$7,811$5,757$1,402
26 years$17,413$13,114$9,737$7,142$5,186$1,178
27 years$16,589$12,341$9,041$6,537$4,675$990
28 years$15,824$11,629$8,405$5,989$4,218$832
29 years$15,114$10,971$7,822$5,492$3,809$699
30 years$14,453$10,361$7,286$5,041$3,442$588
31 years$13,835$9,794$6,792$4,629$3,112$495
32 years$13,257$9,268$6,337$4,255$2,815$416
33 years$12,715$8,777$5,917$3,912$2,547$350
34 years$12,206$8,318$5,529$3,600$2,306$294
35 years$11,728$7,890$5,169$3,314$2,089$248
36 years$11,276$7,488$4,835$3,052$1,893$208
37 years$10,851$7,112$4,526$2,812$1,715$175
38 years$10,448$6,759$4,238$2,592$1,555$148
39 years$10,068$6,427$3,971$2,390$1,410$124
40 years$9,707$6,115$3,722$2,204$1,279$105
41 years$9,364$5,821$3,490$2,034$1,161$88
42 years$9,039$5,544$3,274$1,877$1,053$74
43 years$8,730$5,282$3,072$1,733$956$62
44 years$8,436$5,035$2,883$1,600$867$52
45 years$8,155$4,801$2,707$1,477$788$44
46 years$7,888$4,580$2,543$1,365$715$37
47 years$7,633$4,371$2,389$1,261$649$31
48 years$7,389$4,173$2,245$1,165$590$26
49 years$7,155$3,985$2,110$1,077$536$22
50 years$6,932$3,806$1,984$995$486$19

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 $3,885 every year, while hoping to spend $21,324 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: 58/37/5 Blend
29$7,100,000$7,100,000$7,100,000$7,100,000
30$7,828,207$7,451,907$7,341,857$8,274,860
31$8,603,996$7,794,362$7,565,121$8,917,275
32$9,458,200$8,152,883$7,795,149$9,614,344
33$10,398,796$8,528,234$8,032,146$10,373,525
34$11,434,573$8,921,216$8,276,322$11,200,758
35$12,575,214$9,332,670$8,527,894$12,102,570
36$13,831,391$9,763,477$8,787,084$13,086,135
37$15,214,864$10,214,558$9,054,122$14,159,339
38$16,738,590$10,686,882$9,329,246$15,330,852
39$18,416,849$11,181,461$9,612,698$16,610,206
40$20,265,374$11,699,359$9,904,729$18,007,884
41$22,301,503$12,241,689$10,205,599$19,535,413
42$24,544,344$12,809,619$10,515,574$21,205,472
43$27,014,948$13,404,372$10,834,927$23,032,008
44$29,736,518$14,027,231$11,163,942$25,030,360
45$32,734,618$14,679,541$11,502,909$27,217,407
46$36,037,421$15,362,710$11,852,128$29,611,718
47$39,675,972$16,078,216$12,211,909$32,233,725
48$43,684,481$16,827,609$12,582,567$35,105,912
49$48,100,647$17,612,511$12,964,433$38,253,021
50$52,966,013$18,434,624$13,357,841$41,702,283
51$58,326,358$19,295,732$13,763,140$45,483,669
52$64,232,129$20,197,706$14,180,688$49,630,167
53$70,738,918$21,142,506$14,610,854$54,178,088
54$77,907,986$22,132,186$15,054,015$59,167,406
55$85,806,840$23,168,903$15,510,564$64,642,126
56$94,509,873$24,254,914$15,980,903$70,650,693
57$104,099,063$25,392,588$16,465,447$77,246,447
58$114,664,750$26,584,408$16,964,622$84,488,114
59$126,306,486$27,832,975$17,478,868$92,440,356
60$139,133,975$29,141,019$18,008,638$101,174,376
61$153,268,112$30,511,400$18,554,399$110,768,578
62$168,842,119$31,947,118$19,116,630$121,309,301
63$186,002,805$33,451,317$19,695,827$132,891,628
64$204,911,953$35,027,293$20,292,499$145,620,268
65$225,747,845$36,678,504$20,907,171$159,610,541
66$248,706,947$38,408,572$21,540,383$174,989,455
67$274,005,761$40,221,297$22,192,691$191,896,893
68$301,882,871$42,120,663$22,864,669$210,486,925
69$332,601,195$44,110,847$23,556,906$230,929,248
70$366,450,465$46,196,227$24,270,011$253,410,779
71$403,749,966$48,381,395$25,004,610$278,137,407
72$444,851,544$50,671,165$25,761,346$305,335,920
73$490,142,934$53,070,585$26,540,884$335,256,135
74$540,051,418$55,584,948$27,343,907$368,173,245
75$595,047,854$58,219,802$28,171,120$404,390,393
76$655,651,129$60,980,967$29,023,247$444,241,528
77$722,433,053$63,874,543$29,901,034$488,094,534
78$796,023,757$66,906,928$30,805,251$536,354,688
79$877,117,642$70,084,829$31,736,689$589,468,469
80$966,479,936$73,415,281$32,696,163$647,927,752
81$1,064,953,918$76,905,658$33,684,513$712,274,434
82$1,173,468,877$80,563,694$34,702,603$783,105,524
83$1,293,048,885$84,397,498$35,751,323$861,078,763
84$1,424,822,469$88,415,573$36,831,590$946,918,809
85$1,570,033,261$92,626,835$37,944,348$1,041,424,049
86$1,730,051,738$97,040,635$39,090,569$1,145,474,120
87$1,906,388,165$101,666,777$40,271,253$1,260,038,177
88$2,100,706,850$106,515,540$41,487,431$1,386,184,025
89$2,314,841,853$111,597,706$42,740,165$1,525,088,160
90$2,550,814,308$116,924,580$44,030,546$1,678,046,856
91$2,810,851,499$122,508,016$45,359,701$1,846,488,361
92$3,097,407,889$128,360,445$46,728,788$2,031,986,357
93$3,413,188,291$134,494,904$48,139,000$2,236,274,774
94$3,761,173,405$140,925,063$49,591,565$2,461,264,124
95$4,144,647,957$147,665,257$51,087,747$2,709,059,504
96$4,567,231,713$154,730,518$52,628,851$2,981,980,424
97$5,032,913,645$162,136,611$54,216,215$3,282,582,666
98$5,546,089,601$169,900,069$55,851,222$3,613,682,366
99$6,111,603,795$178,038,227$57,535,292$3,978,382,557
100$6,734,794,547$186,569,266$59,269,890$4,380,102,411