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%15.8%
1 years$594,569$589,273$584,106$579,063$574,138$560,486
2 years$294,341$288,859$283,547$278,396$273,399$259,725
3 years$194,278$188,773$183,473$178,371$173,456$160,186
4 years$144,257$138,768$133,522$128,506$123,710$110,948
5 years$114,251$108,796$103,618$98,705$94,042$81,823
6 years$94,255$88,840$83,739$78,935$74,413$62,748
7 years$79,977$74,608$69,587$64,897$60,517$49,410
8 years$69,273$63,953$59,016$54,440$50,205$39,650
9 years$60,953$55,682$50,830$46,371$42,280$32,269
10 years$54,300$49,081$44,315$39,972$36,025$26,546
11 years$48,860$43,694$39,014$34,788$30,982$22,023
12 years$44,331$39,217$34,624$30,514$26,849$18,394
13 years$40,501$35,441$30,934$26,939$23,413$15,447
14 years$37,221$32,215$27,795$23,913$20,523$13,029
15 years$34,381$29,429$25,095$21,327$18,070$11,030
16 years$31,899$27,000$22,752$19,096$15,971$9,366
17 years$29,711$24,866$20,704$17,157$14,161$7,973
18 years$27,768$22,978$18,900$15,462$12,591$6,801
19 years$26,031$21,296$17,302$13,971$11,223$5,813
20 years$24,471$19,789$15,879$12,654$10,024$4,975
21 years$23,060$18,433$14,605$11,484$8,971$4,263
22 years$21,780$17,206$13,461$10,442$8,041$3,658
23 years$20,613$16,092$12,429$9,509$7,218$3,141
24 years$19,544$15,078$11,495$8,673$6,488$2,699
25 years$18,563$14,150$10,646$7,921$5,838$2,321
26 years$17,658$13,298$9,874$7,242$5,259$1,997
27 years$16,822$12,515$9,169$6,629$4,741$1,720
28 years$16,047$11,793$8,524$6,074$4,278$1,481
29 years$15,327$11,125$7,932$5,570$3,863$1,276
30 years$14,656$10,507$7,388$5,112$3,490$1,100
31 years$14,030$9,932$6,888$4,695$3,156$948
32 years$13,444$9,398$6,427$4,314$2,854$818
33 years$12,894$8,900$6,000$3,968$2,583$705
34 years$12,378$8,435$5,606$3,650$2,339$608
35 years$11,893$8,001$5,242$3,360$2,118$525
36 years$11,435$7,594$4,903$3,095$1,919$453
37 years$11,004$7,212$4,590$2,852$1,740$391
38 years$10,596$6,854$4,298$2,628$1,577$337
39 years$10,209$6,518$4,027$2,423$1,430$291
40 years$9,844$6,201$3,774$2,235$1,297$251
41 years$9,496$5,903$3,539$2,062$1,177$217
42 years$9,167$5,622$3,320$1,903$1,068$187
43 years$8,853$5,356$3,115$1,757$969$162
44 years$8,555$5,106$2,924$1,622$880$140
45 years$8,270$4,869$2,746$1,498$799$120
46 years$7,999$4,645$2,579$1,384$725$104
47 years$7,740$4,432$2,423$1,279$658$90
48 years$7,493$4,231$2,277$1,181$598$78
49 years$7,256$4,041$2,140$1,092$543$67
50 years$7,030$3,860$2,012$1,009$493$58

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 $2,476 every year, while hoping to spend $21,903 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: 31/42/27 Blend
29$7,200,000$7,200,000$7,200,000$7,200,000
30$7,936,954$7,555,354$7,443,754$8,117,146
31$8,723,219$7,902,262$7,669,815$8,603,255
32$9,588,948$8,265,434$7,902,715$9,124,047
33$10,542,225$8,645,644$8,142,660$9,684,220
34$11,591,955$9,043,704$8,389,862$10,287,234
35$12,747,952$9,460,462$8,644,540$10,936,877
36$14,021,029$9,896,811$8,906,918$11,637,299
37$15,423,103$10,353,684$9,177,229$12,393,046
38$16,967,304$10,832,060$9,455,711$13,209,102
39$18,668,102$11,332,963$9,742,610$14,090,930
40$20,541,440$11,857,470$10,038,180$15,044,522
41$22,604,889$12,406,708$10,342,680$16,076,449
42$24,877,808$12,981,857$10,656,380$17,193,920
43$27,381,532$13,584,156$10,979,557$18,404,847
44$30,139,571$14,214,902$11,312,495$19,717,913
45$33,177,831$14,875,456$11,655,487$21,142,648
46$36,524,861$15,567,245$12,008,837$22,689,518
47$40,212,119$16,291,761$12,372,855$24,370,016
48$44,274,271$17,050,574$12,747,862$26,196,764
49$48,749,519$17,845,325$13,134,188$28,183,628
50$53,679,960$18,677,735$13,532,173$30,345,842
51$59,111,982$19,549,610$13,942,167$32,700,148
52$65,096,705$20,462,842$14,364,530$35,264,943
53$71,690,462$21,419,415$14,799,635$38,060,450
54$78,955,330$22,421,407$15,247,864$41,108,896
55$86,959,717$23,470,999$15,709,610$44,434,724
56$95,779,005$24,570,475$16,185,279$48,064,804
57$105,496,267$25,722,232$16,675,290$52,028,689
58$116,203,046$26,928,780$17,180,071$56,358,877
59$128,000,220$28,192,754$17,700,067$61,091,115
60$140,998,956$29,516,912$18,235,733$66,264,723
61$155,321,759$30,904,150$18,787,539$71,922,958
62$171,103,626$32,357,502$19,355,970$78,113,408
63$188,493,324$33,880,147$19,941,522$84,888,437
64$207,654,791$35,475,422$20,544,711$92,305,662
65$228,768,684$37,146,822$21,166,063$100,428,486
66$252,034,087$38,898,014$21,806,124$109,326,688
67$277,670,388$40,732,841$22,465,453$119,077,064
68$305,919,349$42,655,332$23,144,627$129,764,143
69$337,047,392$44,669,712$23,844,242$141,480,966
70$371,348,109$46,780,411$24,564,907$154,329,954
71$409,145,040$48,992,075$25,307,255$168,423,854
72$450,794,718$51,309,571$26,071,933$183,886,795
73$496,690,046$53,738,007$26,859,609$200,855,435
74$547,263,997$56,282,735$27,670,972$219,480,237
75$602,993,705$58,949,369$28,506,730$239,926,870
76$664,404,970$61,743,795$29,367,612$262,377,755
77$732,077,220$64,672,184$30,254,370$287,033,766
78$806,648,982$67,741,007$31,167,777$314,116,102
79$888,823,911$70,957,049$32,108,630$343,868,358
80$979,377,429$74,327,423$33,077,748$376,558,797
81$1,079,164,050$77,859,591$34,075,977$412,482,862
82$1,189,125,446$81,561,373$35,104,185$451,965,933
83$1,310,299,334$85,440,973$36,163,267$495,366,381
84$1,443,829,276$89,506,991$37,254,147$543,078,916
85$1,590,975,474$93,768,445$38,377,772$595,538,286
86$1,753,126,665$98,234,792$39,535,121$653,223,352
87$1,931,813,236$102,915,948$40,727,199$716,661,573
88$2,128,721,669$107,822,312$41,955,042$786,433,957
89$2,345,710,461$112,964,787$43,219,718$863,180,505
90$2,584,827,675$118,354,809$44,522,325$947,606,220
91$2,848,330,269$124,004,365$45,863,994$1,040,487,724
92$3,138,705,407$129,926,030$47,245,889$1,142,680,546
93$3,458,693,942$136,132,989$48,669,210$1,255,127,160
94$3,811,316,286$142,639,067$50,135,190$1,378,865,835
95$4,199,900,928$149,458,763$51,645,100$1,515,040,392
96$4,628,115,862$156,607,281$53,200,250$1,664,910,955
97$5,100,003,207$164,100,565$54,801,985$1,829,865,795
98$5,620,017,376$171,955,335$56,451,694$2,011,434,382
99$6,193,067,127$180,189,125$58,150,805$2,211,301,768
100$6,824,561,904$188,820,322$59,900,786$2,431,324,441