Can I retire at age 30 with 7,200,000?

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 $7,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$594,569$589,273$584,106$579,063$574,138$566,964
2 years$294,341$288,859$283,547$278,396$273,399$266,180
3 years$194,278$188,773$183,473$178,371$173,456$166,416
4 years$144,257$138,768$133,522$128,506$123,710$116,905
5 years$114,251$108,796$103,618$98,705$94,042$87,491
6 years$94,255$88,840$83,739$78,935$74,413$68,123
7 years$79,977$74,608$69,587$64,897$60,517$54,491
8 years$69,273$63,953$59,016$54,440$50,205$44,442
9 years$60,953$55,682$50,830$46,371$42,280$36,778
10 years$54,300$49,081$44,315$39,972$36,025$30,780
11 years$48,860$43,694$39,014$34,788$30,982$25,990
12 years$44,331$39,217$34,624$30,514$26,849$22,104
13 years$40,501$35,441$30,934$26,939$23,413$18,908
14 years$37,221$32,215$27,795$23,913$20,523$16,253
15 years$34,381$29,429$25,095$21,327$18,070$14,028
16 years$31,899$27,000$22,752$19,096$15,971$12,148
17 years$29,711$24,866$20,704$17,157$14,161$10,550
18 years$27,768$22,978$18,900$15,462$12,591$9,185
19 years$26,031$21,296$17,302$13,971$11,223$8,014
20 years$24,471$19,789$15,879$12,654$10,024$7,004
21 years$23,060$18,433$14,605$11,484$8,971$6,131
22 years$21,780$17,206$13,461$10,442$8,041$5,375
23 years$20,613$16,092$12,429$9,509$7,218$4,717
24 years$19,544$15,078$11,495$8,673$6,488$4,144
25 years$18,563$14,150$10,646$7,921$5,838$3,643
26 years$17,658$13,298$9,874$7,242$5,259$3,206
27 years$16,822$12,515$9,169$6,629$4,741$2,823
28 years$16,047$11,793$8,524$6,074$4,278$2,487
29 years$15,327$11,125$7,932$5,570$3,863$2,193
30 years$14,656$10,507$7,388$5,112$3,490$1,934
31 years$14,030$9,932$6,888$4,695$3,156$1,706
32 years$13,444$9,398$6,427$4,314$2,854$1,506
33 years$12,894$8,900$6,000$3,968$2,583$1,329
34 years$12,378$8,435$5,606$3,650$2,339$1,174
35 years$11,893$8,001$5,242$3,360$2,118$1,037
36 years$11,435$7,594$4,903$3,095$1,919$916
37 years$11,004$7,212$4,590$2,852$1,740$810
38 years$10,596$6,854$4,298$2,628$1,577$716
39 years$10,209$6,518$4,027$2,423$1,430$633
40 years$9,844$6,201$3,774$2,235$1,297$559
41 years$9,496$5,903$3,539$2,062$1,177$495
42 years$9,167$5,622$3,320$1,903$1,068$437
43 years$8,853$5,356$3,115$1,757$969$387
44 years$8,555$5,106$2,924$1,622$880$342
45 years$8,270$4,869$2,746$1,498$799$303
46 years$7,999$4,645$2,579$1,384$725$268
47 years$7,740$4,432$2,423$1,279$658$237
48 years$7,493$4,231$2,277$1,181$598$209
49 years$7,256$4,041$2,140$1,092$543$185
50 years$7,030$3,860$2,012$1,009$493$164

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $7,200,000, adding $5,467 every year, while hoping to spend $57,640 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: 42/41/17 Blend
29$7,200,000$7,200,000$7,200,000$7,200,000
30$7,940,039$7,558,439$7,446,839$8,233,762
31$8,688,595$7,867,474$7,634,980$8,750,788
32$9,511,571$8,189,720$7,827,491$9,304,245
33$10,416,498$8,525,763$8,024,459$9,902,353
34$11,411,672$8,876,217$8,225,970$10,549,232
35$12,506,234$9,241,723$8,432,111$11,249,402
36$13,710,254$9,622,952$8,642,971$12,007,831
37$15,034,829$10,020,605$8,858,639$12,829,970
38$16,492,183$10,435,416$9,079,205$13,721,810
39$18,095,786$10,868,152$9,304,759$14,689,931
40$19,860,482$11,319,617$9,535,394$15,741,564
41$21,802,622$11,790,650$9,771,201$16,884,656
42$23,940,227$12,282,129$10,012,274$18,127,942
43$26,293,150$12,794,973$10,258,705$19,481,021
44$28,883,268$13,330,143$10,510,588$20,954,450
45$31,734,687$13,888,646$10,768,019$22,559,835
46$34,873,969$14,471,533$11,031,091$24,309,939
47$38,330,381$15,079,906$11,299,900$26,218,799
48$42,136,175$15,714,916$11,574,541$28,301,854
49$46,326,886$16,377,768$11,855,109$30,576,088
50$50,941,673$17,069,723$12,141,700$33,060,184
51$56,023,686$17,792,103$12,434,410$35,774,698
52$61,620,473$18,546,286$12,733,333$38,742,247
53$67,784,426$19,333,719$13,038,565$41,987,720
54$74,573,281$20,155,915$13,350,200$45,538,507
55$82,050,656$21,014,455$13,668,332$49,424,750
56$90,286,657$21,910,997$13,993,056$53,679,626
57$99,358,535$22,847,276$14,324,462$58,339,652
58$109,351,419$23,825,104$14,662,644$63,445,026
59$120,359,113$24,846,384$15,007,692$69,039,999
60$132,484,988$25,913,102$15,359,695$75,173,285
61$145,842,953$27,027,341$15,718,742$81,898,517
62$160,558,533$28,191,279$16,084,918$89,274,746
63$176,770,049$29,407,198$16,458,309$97,366,988
64$194,629,928$30,677,484$16,838,996$106,246,834
65$214,306,138$32,004,639$17,227,060$115,993,117
66$235,983,777$33,391,279$17,622,579$126,692,647
67$259,866,815$34,840,144$18,025,628$138,441,021
68$286,180,023$36,354,104$18,436,279$151,343,519
69$315,171,091$37,936,161$18,854,601$165,516,087
70$347,112,971$39,589,462$19,280,659$181,086,422
71$382,306,448$41,317,299$19,714,514$198,195,167
72$421,082,979$43,123,120$20,156,224$216,997,227
73$463,807,827$45,010,537$20,605,842$237,663,223
74$510,883,502$46,983,330$21,063,414$260,381,088
75$562,753,565$49,045,459$21,528,985$285,357,831
76$619,906,814$51,201,071$22,002,590$312,821,476
77$682,881,893$53,454,508$22,484,262$343,023,205
78$752,272,385$55,810,318$22,974,023$376,239,712
79$828,732,408$58,273,264$23,471,893$412,775,800
80$912,982,794$60,848,333$23,977,881$452,967,247
81$1,005,817,888$63,540,751$24,491,990$497,183,956
82$1,108,113,054$66,355,989$25,014,212$545,833,433
83$1,220,832,931$69,299,779$25,544,535$599,364,615
84$1,345,040,545$72,378,123$26,082,931$658,272,091
85$1,481,907,339$75,597,309$26,629,368$723,100,750
86$1,632,724,235$78,963,925$27,183,799$794,450,909
87$1,798,913,819$82,484,868$27,746,168$872,983,953
88$1,982,043,768$86,167,367$28,316,405$959,428,565
89$2,183,841,656$90,018,991$28,894,428$1,054,587,577
90$2,406,211,255$94,047,672$29,480,141$1,159,345,526
91$2,651,250,513$98,261,718$30,073,436$1,274,676,980
92$2,921,271,354$102,669,831$30,674,185$1,401,655,713
93$3,218,821,511$107,281,131$31,282,248$1,541,464,814
94$3,546,708,568$112,105,169$31,897,466$1,695,407,828
95$3,908,026,473$117,151,954$32,519,663$1,864,921,031
96$4,306,184,745$122,431,971$33,148,643$2,051,586,961
97$4,744,940,656$127,956,205$33,784,190$2,257,149,323
98$5,228,434,710$133,736,167$34,426,068$2,483,529,416
99$5,761,229,726$139,783,914$35,074,017$2,732,844,238
100$6,348,353,917$146,112,084$35,727,754$3,007,426,431