Can I retire at age 30 with 7,400,000?

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 $7,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$611,085$605,642$600,331$595,148$590,086$578,172
2 years$302,517$296,883$291,423$286,129$280,994$269,042
3 years$199,675$194,016$188,570$183,325$178,274$166,659
4 years$148,264$142,623$137,231$132,076$127,146$115,957
5 years$117,425$111,818$106,497$101,447$96,655$85,922
6 years$96,873$91,308$86,065$81,128$76,480$66,216
7 years$82,198$76,680$71,520$66,700$62,198$52,405
8 years$71,197$65,729$60,655$55,953$51,600$42,275
9 years$62,646$57,229$52,242$47,659$43,454$34,591
10 years$55,808$50,444$45,546$41,083$37,025$28,616
11 years$50,218$44,908$40,098$35,754$31,843$23,876
12 years$45,562$40,307$35,586$31,361$27,594$20,059
13 years$41,626$36,426$31,794$27,687$24,063$16,946
14 years$38,255$33,110$28,567$24,578$21,093$14,382
15 years$35,336$30,246$25,792$21,919$18,572$12,252
16 years$32,785$27,751$23,384$19,626$16,414$10,470
17 years$30,536$25,557$21,279$17,634$14,554$8,971
18 years$28,539$23,616$19,425$15,892$12,941$7,703
19 years$26,754$21,887$17,782$14,360$11,534$6,628
20 years$25,150$20,339$16,320$13,005$10,303$5,711
21 years$23,701$18,945$15,011$11,803$9,220$4,928
22 years$22,385$17,684$13,835$10,732$8,264$4,257
23 years$21,185$16,540$12,774$9,774$7,418$3,682
24 years$20,087$15,496$11,814$8,914$6,668$3,187
25 years$19,078$14,543$10,942$8,141$6,000$2,760
26 years$18,149$13,668$10,148$7,444$5,405$2,392
27 years$17,289$12,863$9,423$6,813$4,873$2,075
28 years$16,493$12,121$8,760$6,242$4,397$1,800
29 years$15,753$11,434$8,152$5,724$3,970$1,562
30 years$15,063$10,799$7,594$5,254$3,587$1,357
31 years$14,419$10,208$7,079$4,825$3,243$1,178
32 years$13,817$9,659$6,605$4,434$2,934$1,024
33 years$13,252$9,147$6,167$4,078$2,655$889
34 years$12,722$8,670$5,762$3,752$2,404$773
35 years$12,223$8,223$5,387$3,454$2,177$672
36 years$11,753$7,805$5,040$3,181$1,973$584
37 years$11,309$7,413$4,717$2,931$1,788$508
38 years$10,890$7,045$4,417$2,701$1,621$442
39 years$10,493$6,699$4,139$2,491$1,470$384
40 years$10,117$6,373$3,879$2,297$1,333$334
41 years$9,760$6,067$3,637$2,120$1,210$291
42 years$9,421$5,778$3,412$1,956$1,098$253
43 years$9,099$5,505$3,202$1,806$996$220
44 years$8,792$5,248$3,005$1,667$904$191
45 years$8,500$5,004$2,822$1,540$821$167
46 years$8,221$4,774$2,650$1,422$745$145
47 years$7,955$4,556$2,490$1,314$677$126
48 years$7,701$4,349$2,340$1,214$615$110
49 years$7,458$4,153$2,199$1,122$558$96
50 years$7,225$3,967$2,068$1,037$507$83

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $7,400,000, adding $4,236 every year, while hoping to spend $29,815 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: 38/47/15 Blend
29$7,400,000$7,400,000$7,400,000$7,400,000
30$8,159,169$7,766,969$7,652,269$8,432,084
31$8,959,682$8,115,828$7,876,898$8,976,539
32$9,840,847$8,480,781$8,108,051$9,561,370
33$10,810,861$8,862,587$8,345,918$10,192,758
34$11,878,752$9,262,037$8,590,690$10,874,907
35$13,054,472$9,679,964$8,842,566$11,612,422
36$14,348,984$10,117,238$9,101,747$12,410,356
37$15,774,369$10,574,772$9,368,445$13,274,251
38$17,343,940$11,053,521$9,642,873$14,210,186
39$19,072,366$11,554,487$9,925,253$15,224,832
40$20,975,811$12,078,720$10,215,812$16,325,510
41$23,072,085$12,627,320$10,514,784$17,520,259
42$25,380,817$13,201,438$10,822,409$18,817,901
43$27,923,635$13,802,282$11,138,933$20,228,129
44$30,724,370$14,431,118$11,464,612$21,761,585
45$33,809,284$15,089,272$11,799,705$23,429,961
46$37,207,317$15,778,132$12,144,481$25,246,102
47$40,950,358$16,499,155$12,499,216$27,224,123
48$45,073,548$17,253,867$12,864,193$29,379,536
49$49,615,610$18,043,867$13,239,704$31,729,390
50$54,619,217$18,870,831$13,626,048$34,292,428
51$60,131,390$19,736,514$14,023,533$37,089,254
52$66,203,946$20,642,758$14,432,477$40,142,524
53$72,893,987$21,591,492$14,853,203$43,477,150
54$80,264,434$22,584,736$15,286,046$47,120,532
55$88,384,628$23,624,610$15,731,350$51,102,803
56$97,330,979$24,713,334$16,189,469$55,457,110
57$107,187,687$25,853,236$16,660,764$60,219,919
58$118,047,541$27,046,754$17,145,610$65,431,345
59$130,012,792$28,296,447$17,644,390$71,135,527
60$143,196,118$29,604,993$18,157,498$77,381,032
61$157,721,686$30,975,202$18,685,338$84,221,306
62$173,726,328$32,410,017$19,228,327$91,715,163
63$191,360,830$33,912,525$19,786,893$99,927,335
64$210,791,356$35,485,960$20,361,474$108,929,067
65$232,201,014$37,133,712$20,952,524$118,798,780
66$255,791,589$38,859,335$21,560,505$129,622,797
67$281,785,444$40,666,556$22,185,895$141,496,147
68$310,427,621$42,559,278$22,829,184$154,523,443
69$341,988,151$44,541,596$23,490,874$168,819,862
70$376,764,608$46,617,799$24,171,484$184,512,210
71$415,084,914$48,792,388$24,871,545$201,740,109
72$457,310,437$51,070,076$25,591,603$220,657,296
73$503,839,399$53,455,807$26,332,219$241,433,053
74$555,110,638$55,954,763$27,093,969$264,253,793
75$611,607,753$58,572,375$27,877,447$289,324,798
76$673,863,661$61,314,339$28,683,259$316,872,136
77$742,465,638$64,186,625$29,512,031$347,144,772
78$818,060,855$67,195,491$30,364,406$380,416,904
79$901,362,491$70,347,499$31,241,042$416,990,519
80$993,156,465$73,649,527$32,142,618$457,198,225
81$1,094,308,858$77,108,788$33,069,829$501,406,367
82$1,205,774,084$80,732,840$34,023,390$550,018,452
83$1,328,603,902$84,529,612$35,004,036$603,478,938
84$1,463,957,350$88,507,412$36,012,520$662,277,398
85$1,613,111,678$92,674,954$37,049,618$726,953,109
86$1,777,474,414$97,041,371$38,116,126$798,100,115
87$1,958,596,648$101,616,242$39,212,859$876,372,799
88$2,158,187,674$106,409,606$40,340,658$962,492,026
89$2,378,131,132$111,431,992$41,500,385$1,057,251,912
90$2,620,502,784$116,694,436$42,692,925$1,161,527,285
91$2,887,590,116$122,208,512$43,919,186$1,276,281,898
92$3,181,913,932$127,986,353$45,180,103$1,402,577,491
93$3,506,252,150$134,040,681$46,476,633$1,541,583,766
94$3,863,666,031$140,384,836$47,809,762$1,694,589,387
95$4,257,529,076$147,032,803$49,180,499$1,863,014,093
96$4,691,558,880$153,999,248$50,589,884$2,048,422,055
97$5,169,852,221$161,299,546$52,038,980$2,252,536,588
98$5,696,923,744$168,949,821$53,528,883$2,477,256,364
99$6,277,748,581$176,966,977$55,060,715$2,724,673,276
100$6,917,809,317$185,368,740$56,635,630$2,997,092,133