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%11.1%
1 years$602,827$597,458$592,219$587,105$582,112$579,416
2 years$298,429$292,871$287,485$282,262$277,196$274,475
3 years$196,977$191,395$186,022$180,848$175,865$173,202
4 years$146,260$140,695$135,376$130,291$125,428$122,845
5 years$115,838$110,307$105,057$100,076$95,349$92,852
6 years$95,564$90,074$84,902$80,031$75,446$73,040
7 years$81,087$75,644$70,554$65,798$61,358$59,043
8 years$70,235$64,841$59,835$55,197$50,902$48,679
9 years$61,799$56,456$51,536$47,015$42,867$40,735
10 years$55,054$49,763$44,930$40,528$36,525$34,483
11 years$49,539$44,301$39,556$35,271$31,413$29,460
12 years$44,947$39,762$35,105$30,938$27,221$25,356
13 years$41,064$35,933$31,364$27,313$23,738$21,958
14 years$37,738$32,662$28,181$24,246$20,808$19,112
15 years$34,859$29,838$25,443$21,623$18,321$16,707
16 years$32,342$27,376$23,068$19,361$16,192$14,657
17 years$30,123$25,212$20,991$17,396$14,357$12,899
18 years$28,153$23,297$19,162$15,677$12,766$11,382
19 years$26,393$21,591$17,542$14,165$11,378$10,067
20 years$24,810$20,064$16,099$12,830$10,163$8,922
21 years$23,381$18,689$14,808$11,644$9,095$7,921
22 years$22,082$17,445$13,648$10,587$8,153$7,043
23 years$20,899$16,316$12,602$9,642$7,318$6,270
24 years$19,816$15,287$11,654$8,794$6,578$5,589
25 years$18,821$14,346$10,794$8,031$5,919$4,988
26 years$17,904$13,483$10,011$7,343$5,332$4,455
27 years$17,056$12,689$9,296$6,721$4,807$3,982
28 years$16,270$11,957$8,642$6,158$4,337$3,562
29 years$15,540$11,280$8,042$5,647$3,916$3,189
30 years$14,860$10,653$7,491$5,183$3,539$2,856
31 years$14,225$10,070$6,984$4,760$3,199$2,559
32 years$13,630$9,529$6,516$4,374$2,894$2,294
33 years$13,073$9,024$6,084$4,023$2,619$2,058
34 years$12,550$8,552$5,684$3,701$2,371$1,846
35 years$12,058$8,112$5,314$3,407$2,148$1,657
36 years$11,594$7,699$4,972$3,138$1,946$1,488
37 years$11,156$7,313$4,653$2,891$1,764$1,336
38 years$10,743$6,950$4,358$2,665$1,599$1,200
39 years$10,351$6,608$4,083$2,457$1,450$1,078
40 years$9,980$6,287$3,827$2,266$1,315$969
41 years$9,628$5,985$3,588$2,091$1,193$871
42 years$9,294$5,700$3,366$1,930$1,083$783
43 years$8,976$5,431$3,158$1,781$983$704
44 years$8,673$5,177$2,965$1,645$892$633
45 years$8,385$4,936$2,784$1,519$810$569
46 years$8,110$4,709$2,615$1,403$735$512
47 years$7,848$4,494$2,456$1,296$668$460
48 years$7,597$4,290$2,308$1,198$606$414
49 years$7,357$4,097$2,170$1,107$551$372
50 years$7,127$3,913$2,040$1,023$500$335

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 $4,348 every year, while hoping to spend $52,778 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: 69/14/17 Blend
29$7,300,000$7,300,000$7,300,000$7,300,000
30$8,049,085$7,662,185$7,549,035$8,571,587
31$8,813,936$7,981,477$7,745,772$9,239,651
32$9,655,033$8,314,645$7,947,331$9,963,693
33$10,580,098$8,662,313$8,153,818$10,754,583
34$11,597,637$9,025,136$8,365,340$11,618,902
35$12,717,024$9,403,795$8,582,007$12,563,900
36$13,948,585$9,799,006$8,803,929$13,597,552
37$15,303,700$10,211,517$9,031,220$14,728,641
38$16,794,907$10,642,110$9,263,995$15,966,835
39$18,436,018$11,091,605$9,502,370$17,322,780
40$20,242,256$11,560,857$9,746,463$18,808,196
41$22,230,392$12,050,765$9,996,395$20,435,988
42$24,418,905$12,562,266$10,252,288$22,220,368
43$26,828,159$13,096,342$10,514,265$24,176,985
44$29,480,590$13,654,022$10,782,452$26,323,073
45$32,400,922$14,236,381$11,056,975$28,677,613
46$35,616,397$14,844,544$11,337,965$31,261,505
47$39,157,034$15,479,691$11,625,551$34,097,773
48$43,055,910$16,143,055$11,919,866$37,211,773
49$47,349,475$16,835,927$12,221,043$40,631,433
50$52,077,892$17,559,658$12,529,219$44,387,515
51$57,285,418$18,315,663$12,844,530$48,513,904
52$63,020,824$19,105,423$13,167,114$53,047,925
53$69,337,848$19,930,488$13,497,112$58,030,693
54$76,295,708$20,792,482$13,834,666$63,507,501
55$83,959,661$21,693,104$14,179,917$69,528,241
56$92,401,613$22,634,133$14,533,011$76,147,877
57$101,700,803$23,617,432$14,894,093$83,426,962
58$111,944,549$24,644,950$15,263,309$91,432,200
59$123,229,070$25,718,730$15,640,807$100,237,083
60$135,660,398$26,840,909$16,026,736$109,922,575
61$149,355,372$28,013,727$16,421,245$120,577,873
62$164,442,748$29,239,529$16,824,486$132,301,253
63$181,064,410$30,520,767$17,236,608$145,200,987
64$199,376,710$31,860,015$17,657,764$159,396,366
65$219,551,942$33,259,963$18,088,107$175,018,822
66$241,779,970$34,723,431$18,527,788$192,213,166
67$266,270,019$36,253,371$18,976,961$211,138,948
68$293,252,651$37,852,876$19,435,779$231,971,965
69$322,981,938$39,525,184$19,904,395$254,905,911
70$355,737,865$41,273,687$20,382,961$280,154,206
71$391,828,966$43,101,937$20,871,629$307,952,004
72$431,595,244$45,013,656$21,370,553$338,558,407
73$475,411,374$47,012,740$21,879,881$372,258,911
74$523,690,242$49,103,271$22,399,764$409,368,092
75$576,886,841$51,289,527$22,930,351$450,232,574
76$635,502,570$53,575,985$23,471,789$495,234,293
77$700,089,962$55,967,337$24,024,223$544,794,100
78$771,257,900$58,468,499$24,587,797$599,375,726
79$849,677,369$61,084,618$25,162,652$659,490,154
80$936,087,786$63,821,090$25,748,925$725,700,440
81$1,031,303,979$66,683,563$26,346,754$798,627,019
82$1,136,223,885$69,677,957$26,956,270$878,953,554
83$1,251,837,018$72,810,474$27,577,602$967,433,388
84$1,379,233,817$76,087,610$28,210,875$1,064,896,645
85$1,519,615,937$79,516,173$28,856,209$1,172,258,061
86$1,674,307,591$83,103,295$29,513,721$1,290,525,610
87$1,844,768,055$86,856,446$30,183,521$1,420,810,014
88$2,032,605,441$90,783,456$30,865,713$1,564,335,217
89$2,239,591,878$94,892,527$31,560,396$1,722,449,934
90$2,467,680,243$99,192,255$32,267,663$1,896,640,373
91$2,719,022,596$103,691,643$32,987,598$2,088,544,255
92$2,995,990,497$108,400,130$33,720,278$2,299,966,267
93$3,301,197,393$113,327,601$34,465,773$2,532,895,087
94$3,637,523,292$118,484,418$35,224,141$2,789,522,149
95$4,008,141,951$123,881,438$35,995,433$3,072,262,319
96$4,416,550,839$129,530,038$36,779,689$3,383,776,680
97$4,866,604,153$135,442,138$37,576,937$3,726,997,644
98$5,362,549,207$141,630,233$38,387,195$4,105,156,622
99$5,909,066,526$148,107,415$39,210,466$4,521,814,517
100$6,511,314,037$154,887,404$40,046,742$4,980,895,327