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%15.5%
1 years$602,827$597,458$592,219$587,105$582,112$568,964
2 years$298,429$292,871$287,485$282,262$277,196$264,021
3 years$196,977$191,395$186,022$180,848$175,865$163,073
4 years$146,260$140,695$135,376$130,291$125,428$113,118
5 years$115,838$110,307$105,057$100,076$95,349$83,555
6 years$95,564$90,074$84,902$80,031$75,446$64,182
7 years$81,087$75,644$70,554$65,798$61,358$50,624
8 years$70,235$64,841$59,835$55,197$50,902$40,696
9 years$61,799$56,456$51,536$47,015$42,867$33,180
10 years$55,054$49,763$44,930$40,528$36,525$27,346
11 years$49,539$44,301$39,556$35,271$31,413$22,730
12 years$44,947$39,762$35,105$30,938$27,221$19,022
13 years$41,064$35,933$31,364$27,313$23,738$16,006
14 years$37,738$32,662$28,181$24,246$20,808$13,529
15 years$34,859$29,838$25,443$21,623$18,321$11,477
16 years$32,342$27,376$23,068$19,361$16,192$9,766
17 years$30,123$25,212$20,991$17,396$14,357$8,332
18 years$28,153$23,297$19,162$15,677$12,766$7,123
19 years$26,393$21,591$17,542$14,165$11,378$6,101
20 years$24,810$20,064$16,099$12,830$10,163$5,234
21 years$23,381$18,689$14,808$11,644$9,095$4,496
22 years$22,082$17,445$13,648$10,587$8,153$3,866
23 years$20,899$16,316$12,602$9,642$7,318$3,327
24 years$19,816$15,287$11,654$8,794$6,578$2,866
25 years$18,821$14,346$10,794$8,031$5,919$2,471
26 years$17,904$13,483$10,011$7,343$5,332$2,131
27 years$17,056$12,689$9,296$6,721$4,807$1,839
28 years$16,270$11,957$8,642$6,158$4,337$1,588
29 years$15,540$11,280$8,042$5,647$3,916$1,372
30 years$14,860$10,653$7,491$5,183$3,539$1,185
31 years$14,225$10,070$6,984$4,760$3,199$1,024
32 years$13,630$9,529$6,516$4,374$2,894$885
33 years$13,073$9,024$6,084$4,023$2,619$766
34 years$12,550$8,552$5,684$3,701$2,371$662
35 years$12,058$8,112$5,314$3,407$2,148$573
36 years$11,594$7,699$4,972$3,138$1,946$495
37 years$11,156$7,313$4,653$2,891$1,764$429
38 years$10,743$6,950$4,358$2,665$1,599$371
39 years$10,351$6,608$4,083$2,457$1,450$321
40 years$9,980$6,287$3,827$2,266$1,315$278
41 years$9,628$5,985$3,588$2,091$1,193$240
42 years$9,294$5,700$3,366$1,930$1,083$208
43 years$8,976$5,431$3,158$1,781$983$180
44 years$8,673$5,177$2,965$1,645$892$156
45 years$8,385$4,936$2,784$1,519$810$135
46 years$8,110$4,709$2,615$1,403$735$117
47 years$7,848$4,494$2,456$1,296$668$101
48 years$7,597$4,290$2,308$1,198$606$87
49 years$7,357$4,097$2,170$1,107$551$76
50 years$7,127$3,913$2,040$1,023$500$66

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 $6,052 every year, while hoping to spend $26,348 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: 68/20/12 Blend
29$7,300,000$7,300,000$7,300,000$7,300,000
30$8,050,843$7,663,943$7,550,793$8,576,805
31$8,843,995$8,011,442$7,775,710$9,274,812
32$9,717,165$8,375,085$8,007,279$10,034,216
33$10,678,488$8,755,636$8,245,695$10,864,076
34$11,736,926$9,153,895$8,491,158$11,771,303
35$12,902,355$9,570,699$8,743,875$12,763,497
36$14,185,659$10,006,927$9,004,059$13,849,025
37$15,598,829$10,463,499$9,271,927$15,037,093
38$17,155,078$10,941,379$9,547,705$16,337,834
39$18,868,967$11,441,578$9,831,625$17,762,399
40$20,756,541$11,965,154$10,123,924$19,323,063
41$22,835,481$12,513,219$10,424,847$21,033,339
42$25,125,268$13,086,935$10,734,648$22,908,101
43$27,647,371$13,687,521$11,053,585$24,963,725
44$30,425,448$14,316,254$11,381,924$27,218,240
45$33,485,567$14,974,474$11,719,942$29,691,496
46$36,856,455$15,663,583$12,067,920$32,405,349
47$40,569,767$16,385,052$12,426,149$35,383,866
48$44,660,387$17,140,423$12,794,929$38,653,546
49$49,166,753$17,931,311$13,174,566$42,243,572
50$54,131,226$18,759,410$13,565,378$46,186,081
51$59,600,483$19,626,493$13,967,690$50,516,465
52$65,625,962$20,534,421$14,381,838$55,273,701
53$72,264,347$21,485,144$14,808,165$60,500,716
54$79,578,099$22,480,705$15,247,028$66,244,791
55$87,636,052$23,523,246$15,698,790$72,558,002
56$96,514,058$24,615,014$16,163,828$79,497,705
57$106,295,702$25,758,360$16,642,527$87,127,080
58$117,073,096$26,955,752$17,135,284$95,515,718
59$128,947,745$28,209,777$17,642,509$104,740,274
60$142,031,503$29,523,144$18,164,621$114,885,191
61$156,447,634$30,898,695$18,702,053$126,043,486
62$172,331,971$32,339,410$19,255,250$138,317,629
63$189,834,201$33,848,410$19,824,670$151,820,499
64$209,119,275$35,428,968$20,410,783$166,676,452
65$230,368,970$37,084,516$21,014,073$183,022,482
66$253,783,599$38,818,652$21,635,038$201,009,513
67$279,583,906$40,635,145$22,274,192$220,803,816
68$308,013,146$42,537,949$22,932,059$242,588,573
69$339,339,388$44,531,209$23,609,184$266,565,600
70$373,858,036$46,619,269$24,306,122$292,957,242
71$411,894,626$48,806,684$25,023,448$322,008,470
72$453,807,895$51,098,229$25,761,750$353,989,182
73$499,993,169$53,498,910$26,521,637$389,196,744
74$550,886,091$56,013,976$27,303,731$427,958,791
75$606,966,741$58,648,929$28,108,674$470,636,307
76$668,764,160$61,409,538$28,937,127$517,627,029
77$736,861,350$64,301,851$29,789,767$569,369,188
78$811,900,777$67,332,211$30,667,292$626,345,639
79$894,590,431$70,507,264$31,570,422$689,088,406
80$985,710,517$73,833,982$32,499,892$758,183,697
81$1,086,120,815$77,319,672$33,456,464$834,277,426
82$1,196,768,800$80,971,998$34,440,918$918,081,296
83$1,318,698,585$84,798,993$35,454,056$1,010,379,510
84$1,453,060,778$88,809,081$36,496,704$1,112,036,157
85$1,601,123,345$93,011,094$37,569,712$1,224,003,360
86$1,764,283,581$97,414,293$38,673,952$1,347,330,245
87$1,944,081,299$102,028,386$39,810,322$1,483,172,836
88$2,142,213,369$106,863,554$40,979,745$1,632,804,952
89$2,360,549,737$111,930,473$42,183,171$1,797,630,211
90$2,601,151,079$117,240,335$43,421,576$1,979,195,273
91$2,866,288,253$122,804,876$44,695,963$2,179,204,414
92$3,158,463,743$128,636,402$46,007,365$2,399,535,605
93$3,480,435,275$134,747,816$47,356,843$2,642,258,217
94$3,835,241,864$141,152,650$48,745,488$2,909,652,538
95$4,226,232,493$147,865,089$50,174,421$3,204,231,280
96$4,657,097,739$154,900,010$51,644,796$3,528,763,278
97$5,131,904,611$162,273,013$53,157,798$3,886,299,605
98$5,655,134,944$170,000,454$54,714,648$4,280,202,355
99$6,231,727,718$178,099,486$56,316,599$4,714,176,354
100$6,867,125,679$186,588,094$57,964,938$5,192,304,112