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%13.5%
1 years$611,085$605,642$600,331$595,148$590,086$581,508
2 years$302,517$296,883$291,423$286,129$280,994$272,369
3 years$199,675$194,016$188,570$183,325$178,274$169,871
4 years$148,264$142,623$137,231$132,076$127,146$119,031
5 years$117,425$111,818$106,497$101,447$96,655$88,849
6 years$96,873$91,308$86,065$81,128$76,480$68,994
7 years$82,198$76,680$71,520$66,700$62,198$55,034
8 years$71,197$65,729$60,655$55,953$51,600$44,756
9 years$62,646$57,229$52,242$47,659$43,454$36,929
10 years$55,808$50,444$45,546$41,083$37,025$30,812
11 years$50,218$44,908$40,098$35,754$31,843$25,937
12 years$45,562$40,307$35,586$31,361$27,594$21,988
13 years$41,626$36,426$31,794$27,687$24,063$18,748
14 years$38,255$33,110$28,567$24,578$21,093$16,062
15 years$35,336$30,246$25,792$21,919$18,572$13,815
16 years$32,785$27,751$23,384$19,626$16,414$11,922
17 years$30,536$25,557$21,279$17,634$14,554$10,318
18 years$28,539$23,616$19,425$15,892$12,941$8,951
19 years$26,754$21,887$17,782$14,360$11,534$7,781
20 years$25,150$20,339$16,320$13,005$10,303$6,775
21 years$23,701$18,945$15,011$11,803$9,220$5,909
22 years$22,385$17,684$13,835$10,732$8,264$5,160
23 years$21,185$16,540$12,774$9,774$7,418$4,511
24 years$20,087$15,496$11,814$8,914$6,668$3,947
25 years$19,078$14,543$10,942$8,141$6,000$3,457
26 years$18,149$13,668$10,148$7,444$5,405$3,030
27 years$17,289$12,863$9,423$6,813$4,873$2,657
28 years$16,493$12,121$8,760$6,242$4,397$2,332
29 years$15,753$11,434$8,152$5,724$3,970$2,047
30 years$15,063$10,799$7,594$5,254$3,587$1,798
31 years$14,419$10,208$7,079$4,825$3,243$1,580
32 years$13,817$9,659$6,605$4,434$2,934$1,389
33 years$13,252$9,147$6,167$4,078$2,655$1,221
34 years$12,722$8,670$5,762$3,752$2,404$1,074
35 years$12,223$8,223$5,387$3,454$2,177$945
36 years$11,753$7,805$5,040$3,181$1,973$831
37 years$11,309$7,413$4,717$2,931$1,788$731
38 years$10,890$7,045$4,417$2,701$1,621$644
39 years$10,493$6,699$4,139$2,491$1,470$566
40 years$10,117$6,373$3,879$2,297$1,333$499
41 years$9,760$6,067$3,637$2,120$1,210$439
42 years$9,421$5,778$3,412$1,956$1,098$387
43 years$9,099$5,505$3,202$1,806$996$340
44 years$8,792$5,248$3,005$1,667$904$300
45 years$8,500$5,004$2,822$1,540$821$264
46 years$8,221$4,774$2,650$1,422$745$232
47 years$7,955$4,556$2,490$1,314$677$205
48 years$7,701$4,349$2,340$1,214$615$180
49 years$7,458$4,153$2,199$1,122$558$159
50 years$7,225$3,967$2,068$1,037$507$140

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 $4,206 every year, while hoping to spend $38,624 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: 68/15/17 Blend
29$7,400,000$7,400,000$7,400,000$7,400,000
30$8,159,138$7,766,938$7,652,238$8,680,362
31$8,950,275$8,106,423$7,867,493$9,368,189
32$9,820,813$8,461,247$8,088,664$10,115,333
33$10,778,810$8,832,123$8,315,908$10,931,611
34$11,833,146$9,219,794$8,549,389$11,823,823
35$12,993,604$9,625,041$8,789,270$12,799,451
36$14,270,962$10,048,679$9,035,721$13,866,733
37$15,677,100$10,491,563$9,288,917$15,034,734
38$17,225,104$10,954,590$9,549,036$16,313,434
39$18,929,396$11,438,697$9,816,260$17,713,819
40$20,805,867$11,944,865$10,090,778$19,247,985
41$22,872,027$12,474,125$10,372,780$20,929,249
42$25,147,170$13,027,553$10,662,464$22,772,274
43$27,652,556$13,606,279$10,960,032$24,793,204
44$30,411,614$14,211,483$11,265,690$27,009,818
45$33,450,158$14,844,406$11,579,650$29,441,692
46$36,796,636$15,506,343$11,902,130$32,110,387
47$40,482,393$16,198,654$12,233,352$35,039,645
48$44,541,971$16,922,762$12,573,543$38,255,614
49$49,013,432$17,680,158$12,922,937$41,787,092
50$53,938,721$18,472,404$13,281,774$45,665,798
51$59,364,055$19,301,136$13,650,298$49,926,668
52$65,340,366$20,168,069$14,028,760$54,608,181
53$71,923,778$21,074,999$14,417,418$59,752,722
54$79,176,137$22,023,808$14,816,536$65,406,979
55$87,165,595$23,016,466$15,226,381$71,622,379
56$95,967,252$24,055,040$15,647,232$78,455,574
57$105,663,868$25,141,693$16,079,370$85,968,971
58$116,346,639$26,278,692$16,523,086$94,231,317
59$128,116,062$27,468,414$16,978,675$103,318,346
60$141,082,882$28,713,347$17,446,441$113,313,490
61$155,369,134$30,016,100$17,926,696$124,308,665
62$171,109,302$31,379,406$18,419,757$136,405,133
63$188,451,582$32,806,127$18,925,949$149,714,452
64$207,559,282$34,299,266$19,445,607$164,359,533
65$228,612,364$35,861,966$19,979,071$180,475,785
66$251,809,146$37,497,522$20,526,690$198,212,400
67$277,368,166$39,209,388$21,088,821$217,733,749
68$305,530,252$41,001,181$21,665,830$239,220,932
69$336,560,793$42,876,695$22,258,091$262,873,484
70$370,752,243$44,839,901$22,865,985$288,911,250
71$408,426,881$46,894,966$23,489,905$317,576,458
72$449,939,857$49,046,253$24,130,251$349,136,001
73$495,682,539$51,298,336$24,787,431$383,883,946
74$546,086,212$53,656,009$25,461,864$422,144,310
75$601,626,148$56,124,296$26,153,979$464,274,107
76$662,826,091$58,708,462$26,864,213$510,666,717
77$730,263,201$61,414,025$27,593,013$561,755,587
78$804,573,504$64,246,770$28,340,836$618,018,322
79$886,457,898$67,212,758$29,108,150$679,981,181
80$976,688,764$70,318,343$29,895,433$748,224,040
81$1,076,117,261$73,570,184$30,703,173$823,385,860
82$1,185,681,361$76,975,263$31,531,869$906,170,704
83$1,306,414,704$80,540,895$32,382,031$997,354,382
84$1,439,456,354$84,274,749$33,254,179$1,097,791,761
85$1,586,061,554$88,184,864$34,148,846$1,208,424,831
86$1,747,613,574$92,279,664$35,066,574$1,330,291,580
87$1,925,636,774$96,567,983$36,007,920$1,464,535,789
88$2,121,810,988$101,059,078$36,973,448$1,612,417,816
89$2,337,987,390$105,762,653$37,963,739$1,775,326,486
90$2,576,205,962$110,688,881$38,979,383$1,954,792,185
91$2,838,714,759$115,848,426$40,020,982$2,152,501,300
92$3,127,991,132$121,252,466$41,089,152$2,370,312,127
93$3,446,765,110$126,912,719$42,184,521$2,610,272,394
94$3,798,045,178$132,841,469$43,307,729$2,874,638,587
95$4,185,146,679$139,051,594$44,459,431$3,165,897,232
96$4,611,723,112$145,556,594$45,640,293$3,486,788,357
97$5,081,800,621$152,370,619$46,850,996$3,840,331,341
98$5,599,816,013$159,508,507$48,092,232$4,229,853,407
99$6,170,658,633$166,985,811$49,364,709$4,659,021,006
100$6,799,716,534$174,818,837$50,669,147$5,131,874,424