Can I retire at age 30 with 7,500,000?

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 $7,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$619,343$613,826$608,444$603,190$598,061$585,268
2 years$306,605$300,895$295,361$289,995$284,791$271,965
3 years$202,373$196,638$191,118$185,803$180,683$168,224
4 years$150,267$144,550$139,085$133,860$128,865$116,868
5 years$119,012$113,329$107,936$102,818$97,961$86,461
6 years$98,182$92,542$87,228$82,224$77,513$66,523
7 years$83,309$77,716$72,487$67,601$63,039$52,559
8 years$72,160$66,617$61,475$56,709$52,297$42,325
9 years$63,492$58,002$52,948$48,303$44,041$34,570
10 years$56,562$51,126$46,161$41,638$37,526$28,545
11 years$50,896$45,515$40,640$36,237$32,273$23,772
12 years$46,178$40,851$36,067$31,785$27,967$19,933
13 years$42,189$36,918$32,223$28,062$24,388$16,806
14 years$38,772$33,557$28,953$24,910$21,378$14,234
15 years$35,814$30,655$26,140$22,215$18,823$12,100
16 years$33,228$28,126$23,700$19,891$16,636$10,319
17 years$30,948$25,903$21,566$17,872$14,751$8,822
18 years$28,925$23,935$19,687$16,106$13,116$7,559
19 years$27,116$22,183$18,023$14,554$11,690$6,489
20 years$25,490$20,613$16,540$13,181$10,442$5,579
21 years$24,021$19,201$15,214$11,963$9,344$4,803
22 years$22,687$17,923$14,022$10,877$8,376$4,140
23 years$21,471$16,763$12,947$9,906$7,519$3,572
24 years$20,358$15,706$11,974$9,035$6,758$3,084
25 years$19,336$14,739$11,090$8,251$6,081$2,665
26 years$18,394$13,852$10,285$7,544$5,478$2,304
27 years$17,523$13,037$9,551$6,905$4,939$1,993
28 years$16,716$12,284$8,879$6,327$4,456$1,725
29 years$15,966$11,589$8,262$5,802$4,024$1,494
30 years$15,267$10,945$7,696$5,325$3,636$1,294
31 years$14,614$10,346$7,175$4,890$3,287$1,121
32 years$14,004$9,790$6,694$4,494$2,973$971
33 years$13,431$9,271$6,251$4,133$2,691$842
34 years$12,894$8,787$5,840$3,803$2,436$730
35 years$12,388$8,334$5,460$3,500$2,207$633
36 years$11,912$7,910$5,108$3,224$1,999$549
37 years$11,462$7,513$4,781$2,970$1,812$476
38 years$11,037$7,140$4,477$2,738$1,643$413
39 years$10,635$6,789$4,194$2,524$1,490$358
40 years$10,254$6,460$3,931$2,328$1,351$311
41 years$9,892$6,149$3,686$2,148$1,226$270
42 years$9,549$5,856$3,458$1,983$1,112$234
43 years$9,222$5,580$3,245$1,830$1,010$203
44 years$8,911$5,319$3,046$1,690$916$176
45 years$8,615$5,072$2,860$1,561$832$153
46 years$8,332$4,838$2,686$1,442$755$133
47 years$8,063$4,617$2,524$1,332$686$115
48 years$7,805$4,408$2,372$1,231$623$100
49 years$7,558$4,209$2,229$1,137$566$87
50 years$7,323$4,021$2,096$1,051$514$75

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $7,500,000, adding $4,924 every year, while hoping to spend $31,553 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: 32/43/25 Blend
29$7,500,000$7,500,000$7,500,000$7,500,000
30$8,270,079$7,872,579$7,756,329$8,471,171
31$9,080,055$8,224,763$7,982,594$8,976,522
32$9,971,591$8,593,147$8,215,381$9,517,292
33$10,952,973$8,978,491$8,454,876$10,099,130
34$12,033,330$9,381,591$8,701,269$10,725,666
35$13,222,724$9,803,283$8,954,755$11,400,872
36$14,532,238$10,244,440$9,215,536$12,129,106
37$15,974,088$10,705,979$9,483,818$12,915,140
38$17,561,732$11,188,860$9,759,813$13,764,210
39$19,310,003$11,694,088$10,043,741$14,682,054
40$21,235,242$12,222,717$10,335,824$15,674,970
41$23,355,457$12,775,850$10,636,295$16,749,866
42$25,690,492$13,354,645$10,945,389$17,914,322
43$28,262,213$13,960,314$11,263,351$19,176,658
44$31,094,715$14,594,126$11,590,430$20,546,009
45$34,214,550$15,257,412$11,926,883$22,032,406
46$37,650,975$15,951,566$12,272,975$23,646,862
47$41,436,232$16,678,051$12,628,977$25,401,477
48$45,605,849$17,438,396$12,995,168$27,309,541
49$50,198,974$18,234,206$13,371,835$29,385,660
50$55,258,750$19,067,162$13,759,272$31,645,880
51$60,832,717$19,939,028$14,157,782$34,107,839
52$66,973,262$20,851,648$14,567,676$36,790,925
53$73,738,114$21,806,958$14,989,272$39,716,450
54$81,190,889$22,806,986$15,422,900$42,907,848
55$89,401,688$23,853,858$15,868,896$46,390,885
56$98,447,763$24,949,800$16,327,607$50,193,897
57$108,414,242$26,097,146$16,799,389$54,348,049
58$119,394,933$27,298,345$17,284,606$58,887,619
59$131,493,211$28,555,958$17,783,636$63,850,316
60$144,822,993$29,872,675$18,296,862$69,277,623
61$159,509,813$31,251,311$18,824,682$75,215,182
62$175,692,008$32,694,820$19,367,503$81,713,212
63$193,522,021$34,206,294$19,925,742$88,826,975
64$213,167,842$35,788,977$20,499,829$96,617,285
65$234,814,594$37,446,269$21,090,206$105,151,072
66$258,666,279$39,181,732$21,697,324$114,501,998
67$284,947,704$40,999,102$22,321,649$124,751,146
68$313,906,605$42,902,293$22,963,660$135,987,765
69$345,815,983$44,895,410$23,623,846$148,310,105
70$380,976,680$46,982,752$24,302,712$161,826,326
71$419,720,224$49,168,829$25,000,776$176,655,506
72$462,411,953$51,458,368$25,718,568$192,928,746
73$509,454,467$53,856,322$26,456,634$210,790,395
74$561,291,426$56,367,886$27,215,535$230,399,394
75$618,411,742$58,998,503$27,995,846$251,930,757
76$681,354,192$61,753,881$28,798,159$275,577,205
77$750,712,501$64,640,003$29,623,079$301,550,966
78$827,140,954$67,663,141$30,471,230$330,085,757
79$911,360,565$70,829,869$31,343,250$361,438,967
80$1,004,165,891$74,147,081$32,239,797$395,894,069
81$1,106,432,527$77,622,003$33,161,545$433,763,265
82$1,219,125,373$81,262,210$34,109,186$475,390,414
83$1,343,307,747$85,075,643$35,083,429$521,154,251
84$1,480,151,418$89,070,631$36,085,004$571,471,934
85$1,630,947,671$93,255,900$37,114,661$626,802,951
86$1,797,119,497$97,640,603$38,173,166$687,653,433
87$1,980,235,027$102,234,334$39,261,308$754,580,898
88$2,182,022,336$107,047,152$40,379,898$828,199,481
89$2,404,385,755$112,089,603$41,529,765$909,185,698
90$2,649,423,853$117,372,745$42,711,763$998,284,794
91$2,919,449,245$122,908,169$43,926,767$1,096,317,748
92$3,217,010,429$128,708,029$45,175,674$1,204,188,976
93$3,544,915,840$134,785,070$46,459,406$1,322,894,830
94$3,906,260,369$141,152,652$47,778,909$1,453,532,966
95$4,304,454,577$147,824,783$49,135,154$1,597,312,653
96$4,743,256,899$154,816,152$50,529,136$1,755,566,148
97$5,226,809,117$162,142,158$51,961,877$1,929,761,221
98$5,759,675,473$169,818,949$53,434,425$2,121,514,961
99$6,346,885,749$177,863,455$54,947,857$2,332,608,986
100$6,993,982,759$186,293,429$56,503,274$2,565,006,206