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%16.8%
1 years$611,085$605,642$600,331$595,148$590,086$573,728
2 years$302,517$296,883$291,423$286,129$280,994$264,635
3 years$199,675$194,016$188,570$183,325$178,274$162,427
4 years$148,264$142,623$137,231$132,076$127,146$111,933
5 years$117,425$111,818$106,497$101,447$96,655$82,117
6 years$96,873$91,308$86,065$81,128$76,480$62,630
7 years$82,198$76,680$71,520$66,700$62,198$49,039
8 years$71,197$65,729$60,655$55,953$51,600$39,122
9 years$62,646$57,229$52,242$47,659$43,454$31,647
10 years$55,808$50,444$45,546$41,083$37,025$25,873
11 years$50,218$44,908$40,098$35,754$31,843$21,328
12 years$45,562$40,307$35,586$31,361$27,594$17,697
13 years$41,626$36,426$31,794$27,687$24,063$14,762
14 years$38,255$33,110$28,567$24,578$21,093$12,366
15 years$35,336$30,246$25,792$21,919$18,572$10,396
16 years$32,785$27,751$23,384$19,626$16,414$8,764
17 years$30,536$25,557$21,279$17,634$14,554$7,407
18 years$28,539$23,616$19,425$15,892$12,941$6,272
19 years$26,754$21,887$17,782$14,360$11,534$5,320
20 years$25,150$20,339$16,320$13,005$10,303$4,519
21 years$23,701$18,945$15,011$11,803$9,220$3,843
22 years$22,385$17,684$13,835$10,732$8,264$3,272
23 years$21,185$16,540$12,774$9,774$7,418$2,787
24 years$20,087$15,496$11,814$8,914$6,668$2,377
25 years$19,078$14,543$10,942$8,141$6,000$2,028
26 years$18,149$13,668$10,148$7,444$5,405$1,731
27 years$17,289$12,863$9,423$6,813$4,873$1,478
28 years$16,493$12,121$8,760$6,242$4,397$1,263
29 years$15,753$11,434$8,152$5,724$3,970$1,079
30 years$15,063$10,799$7,594$5,254$3,587$922
31 years$14,419$10,208$7,079$4,825$3,243$789
32 years$13,817$9,659$6,605$4,434$2,934$674
33 years$13,252$9,147$6,167$4,078$2,655$577
34 years$12,722$8,670$5,762$3,752$2,404$493
35 years$12,223$8,223$5,387$3,454$2,177$422
36 years$11,753$7,805$5,040$3,181$1,973$361
37 years$11,309$7,413$4,717$2,931$1,788$309
38 years$10,890$7,045$4,417$2,701$1,621$264
39 years$10,493$6,699$4,139$2,491$1,470$226
40 years$10,117$6,373$3,879$2,297$1,333$194
41 years$9,760$6,067$3,637$2,120$1,210$166
42 years$9,421$5,778$3,412$1,956$1,098$142
43 years$9,099$5,505$3,202$1,806$996$121
44 years$8,792$5,248$3,005$1,667$904$104
45 years$8,500$5,004$2,822$1,540$821$89
46 years$8,221$4,774$2,650$1,422$745$76
47 years$7,955$4,556$2,490$1,314$677$65
48 years$7,701$4,349$2,340$1,214$615$56
49 years$7,458$4,153$2,199$1,122$558$48
50 years$7,225$3,967$2,068$1,037$507$41

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 $3,835 every year, while hoping to spend $28,476 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: 53/24/23 Blend
29$7,400,000$7,400,000$7,400,000$7,400,000
30$8,158,756$7,766,556$7,651,856$8,539,105
31$8,960,651$8,116,819$7,877,895$9,151,891
32$9,843,384$8,483,290$8,110,552$9,815,097
33$10,815,172$8,866,734$8,350,018$10,536,210
34$11,885,068$9,267,952$8,596,491$11,320,766
35$13,063,044$9,687,781$8,850,173$12,174,850
36$14,360,094$10,127,102$9,111,274$13,105,153
37$15,788,329$10,586,835$9,380,006$14,119,031
38$17,361,094$11,067,946$9,656,592$15,224,575
39$19,093,095$11,571,445$9,941,258$16,430,682
40$21,000,538$12,098,392$10,234,236$17,747,139
41$23,101,277$12,649,898$10,535,768$19,184,713
42$25,414,991$13,227,126$10,846,100$20,755,246
43$27,963,361$13,831,297$11,165,485$22,471,771
44$30,770,280$14,463,686$11,494,185$24,348,627
45$33,862,077$15,125,635$11,832,468$26,401,590
46$37,267,763$15,818,546$12,180,610$28,648,026
47$41,019,310$16,543,889$12,538,896$31,107,045
48$45,151,946$17,303,207$12,907,616$33,799,680
49$49,704,495$18,098,114$13,287,071$36,749,085
50$54,719,736$18,930,304$13,677,570$39,980,745
51$60,244,811$19,801,551$14,079,431$43,522,716
52$66,331,669$20,713,714$14,492,979$47,405,886
53$73,037,556$21,668,743$14,918,551$51,664,259
54$80,425,555$22,668,680$15,356,491$56,335,278
55$88,565,183$23,715,666$15,807,154$61,460,166
56$97,533,043$24,811,946$16,270,905$67,084,317
57$107,413,553$25,959,870$16,748,120$73,257,718
58$118,299,737$27,161,906$17,239,184$80,035,413
59$130,294,107$28,420,636$17,744,493$87,478,019
60$143,509,629$29,738,770$18,264,457$95,652,295
61$158,070,787$31,119,146$18,799,492$104,631,762
62$174,114,764$32,564,741$19,350,032$114,497,394
63$191,792,730$34,078,673$19,916,518$125,338,375
64$211,271,274$35,664,214$20,499,407$137,252,934
65$232,733,974$37,324,790$21,099,167$150,349,266
66$256,383,129$39,063,995$21,716,279$164,746,546
67$282,441,673$40,885,595$22,351,238$180,576,046
68$311,155,273$42,793,538$23,004,554$197,982,365
69$342,794,653$44,791,964$23,676,749$217,124,791
70$377,658,149$46,885,211$24,368,362$238,178,788
71$416,074,522$49,077,829$25,079,944$261,337,650
72$458,406,066$51,374,585$25,812,064$286,814,314
73$505,052,023$53,780,478$26,565,307$314,843,359
74$556,452,357$56,300,749$27,340,272$345,683,213
75$613,091,903$58,940,891$28,137,577$379,618,578
76$675,504,947$61,706,665$28,957,856$416,963,111
77$744,280,268$64,604,108$29,801,761$458,062,369
78$820,066,697$67,639,551$30,669,961$503,297,062
79$903,579,242$70,819,631$31,563,147$553,086,632
80$995,605,838$74,151,306$32,482,025$607,893,200
81$1,097,014,784$77,641,870$33,427,323$668,225,917
82$1,208,762,942$81,298,972$34,399,789$734,645,749
83$1,331,904,772$85,130,631$35,400,191$807,770,766
84$1,467,602,280$89,145,253$36,429,319$888,281,955
85$1,617,135,995$93,351,654$37,487,984$976,929,633
86$1,781,917,055$97,759,073$38,577,021$1,074,540,515
87$1,963,500,529$102,377,202$39,697,285$1,182,025,498
88$2,163,600,097$107,216,199$40,849,658$1,300,388,241
89$2,384,104,231$112,286,717$42,035,045$1,430,734,622
90$2,627,094,019$117,599,922$43,254,376$1,574,283,155
91$2,894,862,816$123,167,526$44,508,605$1,732,376,473
92$3,189,937,896$129,001,807$45,798,715$1,906,493,979
93$3,515,104,304$135,115,638$47,125,715$2,098,265,789
94$3,873,431,157$141,522,518$48,490,640$2,309,488,097
95$4,268,300,615$148,236,602$49,894,557$2,542,140,103
96$4,703,439,811$155,272,729$51,338,558$2,798,402,674
97$5,182,956,040$162,646,461$52,823,768$3,080,678,902
98$5,711,375,533$170,374,114$54,351,341$3,391,616,761
99$6,293,686,191$178,472,800$55,922,465$3,734,134,074
100$6,935,384,672$186,960,457$57,538,357$4,111,446,025