Can I retire at age 30 with 7,300,000?

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 $7,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$602,827$597,458$592,219$587,105$582,112$571,060
2 years$298,429$292,871$287,485$282,262$277,196$266,104
3 years$196,977$191,395$186,022$180,848$175,865$165,079
4 years$146,260$140,695$135,376$130,291$125,428$115,032
5 years$115,838$110,307$105,057$100,076$95,349$85,371
6 years$95,564$90,074$84,902$80,031$75,446$65,898
7 years$81,087$75,644$70,554$65,798$61,358$52,242
8 years$70,235$64,841$59,835$55,197$50,902$42,217
9 years$61,799$56,456$51,536$47,015$42,867$34,606
10 years$55,054$49,763$44,930$40,528$36,525$28,680
11 years$49,539$44,301$39,556$35,271$31,413$23,976
12 years$44,947$39,762$35,105$30,938$27,221$20,182
13 years$41,064$35,933$31,364$27,313$23,738$17,084
14 years$37,738$32,662$28,181$24,246$20,808$14,528
15 years$34,859$29,838$25,443$21,623$18,321$12,402
16 years$32,342$27,376$23,068$19,361$16,192$10,621
17 years$30,123$25,212$20,991$17,396$14,357$9,120
18 years$28,153$23,297$19,162$15,677$12,766$7,848
19 years$26,393$21,591$17,542$14,165$11,378$6,767
20 years$24,810$20,064$16,099$12,830$10,163$5,845
21 years$23,381$18,689$14,808$11,644$9,095$5,055
22 years$22,082$17,445$13,648$10,587$8,153$4,377
23 years$20,899$16,316$12,602$9,642$7,318$3,794
24 years$19,816$15,287$11,654$8,794$6,578$3,292
25 years$18,821$14,346$10,794$8,031$5,919$2,858
26 years$17,904$13,483$10,011$7,343$5,332$2,483
27 years$17,056$12,689$9,296$6,721$4,807$2,158
28 years$16,270$11,957$8,642$6,158$4,337$1,877
29 years$15,540$11,280$8,042$5,647$3,916$1,633
30 years$14,860$10,653$7,491$5,183$3,539$1,422
31 years$14,225$10,070$6,984$4,760$3,199$1,238
32 years$13,630$9,529$6,516$4,374$2,894$1,078
33 years$13,073$9,024$6,084$4,023$2,619$939
34 years$12,550$8,552$5,684$3,701$2,371$818
35 years$12,058$8,112$5,314$3,407$2,148$713
36 years$11,594$7,699$4,972$3,138$1,946$622
37 years$11,156$7,313$4,653$2,891$1,764$542
38 years$10,743$6,950$4,358$2,665$1,599$473
39 years$10,351$6,608$4,083$2,457$1,450$412
40 years$9,980$6,287$3,827$2,266$1,315$359
41 years$9,628$5,985$3,588$2,091$1,193$313
42 years$9,294$5,700$3,366$1,930$1,083$273
43 years$8,976$5,431$3,158$1,781$983$238
44 years$8,673$5,177$2,965$1,645$892$208
45 years$8,385$4,936$2,784$1,519$810$181
46 years$8,110$4,709$2,615$1,403$735$158
47 years$7,848$4,494$2,456$1,296$668$138
48 years$7,597$4,290$2,308$1,198$606$120
49 years$7,357$4,097$2,170$1,107$551$105
50 years$7,127$3,913$2,040$1,023$500$92

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $7,300,000, adding $4,793 every year, while hoping to spend $23,380 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: 36/41/23 Blend
29$7,300,000$7,300,000$7,300,000$7,300,000
30$8,049,544$7,662,644$7,549,494$8,283,275
31$8,845,721$8,013,237$7,777,526$8,806,050
32$9,722,325$8,380,226$8,012,413$9,367,538
33$10,687,534$8,764,389$8,254,361$9,973,245
34$11,750,361$9,166,543$8,503,580$10,627,147
35$12,920,736$9,587,542$8,760,289$11,333,601
36$14,209,602$10,028,282$9,024,709$12,097,390
37$15,629,018$10,489,704$9,297,073$12,923,755
38$17,192,270$10,972,792$9,577,617$13,818,447
39$18,914,000$11,478,577$9,866,586$14,787,777
40$20,810,342$12,008,142$10,164,231$15,838,671
41$22,899,076$12,562,619$10,470,812$16,978,731
42$25,199,792$13,143,198$10,786,594$18,216,304
43$27,734,078$13,751,122$11,111,852$19,560,555
44$30,525,725$14,387,698$11,446,870$21,021,551
45$33,600,947$15,054,293$11,791,939$22,610,349
46$36,988,632$15,752,342$12,147,357$24,339,098
47$40,720,613$16,483,348$12,513,434$26,221,147
48$44,831,970$17,248,885$12,890,488$28,271,165
49$49,361,356$18,050,607$13,278,845$30,505,275
50$54,351,371$18,890,243$13,678,843$32,941,203
51$59,848,955$19,769,609$14,090,828$35,598,433
52$65,905,836$20,690,607$14,515,158$38,498,390
53$72,579,015$21,655,231$14,952,200$41,664,633
54$79,931,308$22,665,571$15,402,332$45,123,071
55$88,031,936$23,723,818$15,865,945$48,902,200
56$96,957,179$24,832,270$16,343,439$53,033,365
57$106,791,095$25,993,335$16,835,228$57,551,049
58$117,626,315$27,209,537$17,341,737$62,493,187
59$129,564,917$28,483,523$17,863,403$67,901,517
60$142,719,390$29,818,066$18,400,678$73,821,967
61$157,213,692$31,216,076$18,954,025$80,305,074
62$173,184,426$32,680,602$19,523,923$87,406,457
63$190,782,126$34,214,839$20,110,863$95,187,328
64$210,172,677$35,822,141$20,715,351$103,715,058
65$231,538,884$37,506,019$21,337,909$113,063,804
66$255,082,194$39,270,158$21,979,073$123,315,198
67$281,024,603$41,118,420$22,639,396$134,559,101
68$309,610,743$43,054,854$23,319,447$146,894,441
69$341,110,201$45,083,704$24,019,811$160,430,134
70$375,820,057$47,209,422$24,741,090$175,286,094
71$414,067,693$49,436,673$25,483,906$191,594,354
72$456,213,877$51,770,350$26,248,897$209,500,297
73$502,656,178$54,215,582$27,036,720$229,164,006
74$553,832,711$56,777,748$27,848,053$250,761,766
75$610,226,277$59,462,487$28,683,592$274,487,705
76$672,368,919$62,275,711$29,544,054$300,555,607
77$740,846,946$65,223,619$30,430,178$329,200,916
78$816,306,470$68,312,711$31,342,724$360,682,933
79$899,459,498$71,549,802$32,282,474$395,287,243
80$991,090,663$74,942,038$33,250,233$433,328,391
81$1,092,064,625$78,496,912$34,246,830$475,152,824
82$1,203,334,237$82,222,281$35,273,118$521,142,141
83$1,325,949,538$86,126,382$36,329,977$571,716,664
84$1,461,067,669$90,217,853$37,418,309$627,339,386
85$1,609,963,794$94,505,751$38,539,046$688,520,305
86$1,774,043,142$98,999,574$39,693,145$755,821,217
87$1,954,854,270$103,709,280$40,881,592$829,860,983
88$2,154,103,682$108,645,311$42,105,402$911,321,340
89$2,373,671,944$113,818,618$43,365,620$1,000,953,305
90$2,615,631,433$119,240,681$44,663,319$1,099,584,224
91$2,882,265,907$124,923,542$45,999,608$1,208,125,552
92$3,176,092,059$130,879,825$47,375,624$1,327,581,412
93$3,499,883,282$137,122,770$48,792,541$1,459,058,037
94$3,856,695,850$143,666,258$50,251,564$1,603,774,170
95$4,249,897,770$150,524,848$51,753,935$1,763,072,525
96$4,683,200,583$157,713,806$53,300,932$1,938,432,413
97$5,160,694,400$165,249,140$54,893,870$2,131,483,661
98$5,686,886,518$173,147,637$56,534,104$2,344,021,946
99$6,266,743,972$181,426,901$58,223,026$2,578,025,693
100$6,905,740,431$190,105,393$59,962,071$2,835,674,696