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%13.7%
1 years$619,343$613,826$608,444$603,190$598,061$588,880
2 years$306,605$300,895$295,361$289,995$284,791$275,564
3 years$202,373$196,638$191,118$185,803$180,683$171,697
4 years$150,267$144,550$139,085$133,860$128,865$120,188
5 years$119,012$113,329$107,936$102,818$97,961$89,619
6 years$98,182$92,542$87,228$82,224$77,513$69,516
7 years$83,309$77,716$72,487$67,601$63,039$55,389
8 years$72,160$66,617$61,475$56,709$52,297$44,993
9 years$63,492$58,002$52,948$48,303$44,041$37,080
10 years$56,562$51,126$46,161$41,638$37,526$30,901
11 years$50,896$45,515$40,640$36,237$32,273$25,979
12 years$46,178$40,851$36,067$31,785$27,967$21,995
13 years$42,189$36,918$32,223$28,062$24,388$18,730
14 years$38,772$33,557$28,953$24,910$21,378$16,025
15 years$35,814$30,655$26,140$22,215$18,823$13,764
16 years$33,228$28,126$23,700$19,891$16,636$11,862
17 years$30,948$25,903$21,566$17,872$14,751$10,251
18 years$28,925$23,935$19,687$16,106$13,116$8,880
19 years$27,116$22,183$18,023$14,554$11,690$7,708
20 years$25,490$20,613$16,540$13,181$10,442$6,702
21 years$24,021$19,201$15,214$11,963$9,344$5,836
22 years$22,687$17,923$14,022$10,877$8,376$5,088
23 years$21,471$16,763$12,947$9,906$7,519$4,442
24 years$20,358$15,706$11,974$9,035$6,758$3,881
25 years$19,336$14,739$11,090$8,251$6,081$3,393
26 years$18,394$13,852$10,285$7,544$5,478$2,969
27 years$17,523$13,037$9,551$6,905$4,939$2,600
28 years$16,716$12,284$8,879$6,327$4,456$2,278
29 years$15,966$11,589$8,262$5,802$4,024$1,997
30 years$15,267$10,945$7,696$5,325$3,636$1,751
31 years$14,614$10,346$7,175$4,890$3,287$1,536
32 years$14,004$9,790$6,694$4,494$2,973$1,348
33 years$13,431$9,271$6,251$4,133$2,691$1,183
34 years$12,894$8,787$5,840$3,803$2,436$1,039
35 years$12,388$8,334$5,460$3,500$2,207$912
36 years$11,912$7,910$5,108$3,224$1,999$801
37 years$11,462$7,513$4,781$2,970$1,812$704
38 years$11,037$7,140$4,477$2,738$1,643$618
39 years$10,635$6,789$4,194$2,524$1,490$543
40 years$10,254$6,460$3,931$2,328$1,351$477
41 years$9,892$6,149$3,686$2,148$1,226$420
42 years$9,549$5,856$3,458$1,983$1,112$369
43 years$9,222$5,580$3,245$1,830$1,010$324
44 years$8,911$5,319$3,046$1,690$916$285
45 years$8,615$5,072$2,860$1,561$832$251
46 years$8,332$4,838$2,686$1,442$755$220
47 years$8,063$4,617$2,524$1,332$686$194
48 years$7,805$4,408$2,372$1,231$623$170
49 years$7,558$4,209$2,229$1,137$566$150
50 years$7,323$4,021$2,096$1,051$514$132

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 $6,490 every year, while hoping to spend $52,332 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: 53/42/5 Blend
29$7,500,000$7,500,000$7,500,000$7,500,000
30$8,271,694$7,874,194$7,757,944$8,700,759
31$9,059,726$8,204,349$7,962,155$9,321,790
32$9,926,384$8,548,927$8,171,452$9,990,733
33$10,879,631$8,908,581$8,385,952$10,717,165
34$11,928,243$9,283,991$8,605,771$11,506,517
35$13,081,889$9,675,872$8,831,029$12,364,757
36$14,351,221$10,084,969$9,061,848$13,298,442
37$15,747,976$10,512,063$9,298,351$14,314,778
38$17,285,088$10,957,973$9,540,664$15,421,686
39$18,976,806$11,423,553$9,788,916$16,627,870
40$20,838,832$11,909,698$10,043,236$17,942,905
41$22,888,466$12,417,346$10,303,757$19,377,312
42$25,144,770$12,947,477$10,570,613$20,942,667
43$27,628,750$13,501,117$10,843,943$22,651,696
44$30,363,552$14,079,341$11,123,884$24,518,398
45$33,374,679$14,683,273$11,410,578$26,558,173
46$36,690,233$15,314,090$11,704,169$28,787,958
47$40,341,180$15,973,024$12,004,803$31,226,392
48$44,361,643$16,661,365$12,312,627$33,893,980
49$48,789,222$17,380,463$12,627,791$36,813,285
50$53,665,349$18,131,732$12,950,448$40,009,136
51$59,035,679$18,916,651$13,280,752$43,508,861
52$64,950,521$19,736,770$13,618,860$47,342,532
53$71,465,312$20,593,710$13,964,931$51,543,252
54$78,641,143$21,489,170$14,319,125$56,147,457
55$86,545,329$22,424,929$14,681,604$61,195,257
56$95,252,049$23,402,848$15,052,535$66,730,805
57$104,843,047$24,424,876$15,432,084$72,802,712
58$115,408,398$25,493,055$15,820,419$79,464,497
59$127,047,363$26,609,523$16,217,711$86,775,083
60$139,869,322$27,776,518$16,624,133$94,799,352
61$153,994,810$28,996,384$17,039,858$103,608,745
62$169,556,650$30,271,577$17,465,063$113,281,929
63$186,701,211$31,604,666$17,899,925$123,905,536
64$205,589,785$32,998,345$18,344,623$135,574,964
65$226,400,113$34,455,434$18,799,337$148,395,278
66$249,328,059$35,978,885$19,264,250$162,482,185
67$274,589,462$37,571,792$19,739,544$177,963,120
68$302,422,172$39,237,394$20,225,403$194,978,440
69$333,088,293$40,979,086$20,722,013$213,682,733
70$366,876,658$42,800,420$21,229,560$234,246,271
71$404,105,558$44,705,121$21,748,231$256,856,606
72$445,125,741$46,697,088$22,278,213$281,720,325
73$490,323,727$48,780,406$22,819,693$309,064,987
74$540,125,455$50,959,354$23,372,861$339,141,263
75$595,000,304$53,238,415$23,937,905$372,225,282
76$655,465,522$55,622,284$24,515,011$408,621,229
77$722,091,111$58,115,882$25,104,370$448,664,195
78$795,505,205$60,724,361$25,706,167$492,723,330
79$876,400,002$63,453,120$26,320,590$541,205,307
80$965,538,296$66,307,817$26,947,823$594,558,147
81$1,063,760,679$69,294,377$27,588,052$653,275,426
82$1,171,993,476$72,419,009$28,241,460$717,900,920
83$1,291,257,488$75,688,218$28,908,226$789,033,713
84$1,422,677,631$79,108,820$29,588,530$867,333,836
85$1,567,493,552$82,687,955$30,282,549$953,528,475
86$1,727,071,336$86,433,106$30,990,456$1,048,418,809
87$1,902,916,397$90,352,113$31,712,421$1,152,887,556
88$2,096,687,693$94,453,191$32,448,611$1,267,907,275
89$2,310,213,387$98,744,946$33,199,189$1,394,549,524
90$2,545,508,104$103,236,400$33,964,313$1,533,994,947
91$2,804,791,950$107,937,003$34,744,137$1,687,544,394
92$3,090,511,472$112,856,659$35,538,808$1,856,631,165
93$3,405,362,753$118,005,746$36,348,469$2,042,834,516
94$3,752,316,867$123,395,141$37,173,256$2,247,894,532
95$4,134,647,925$129,036,240$38,013,298$2,473,728,518
96$4,555,963,984$134,940,987$38,868,715$2,722,449,068
97$5,020,241,114$141,121,899$39,739,620$2,996,383,963
98$5,531,860,929$147,592,093$40,626,118$3,298,098,117
99$6,095,651,954$154,365,316$41,528,304$3,630,417,739
100$6,716,935,212$161,455,975$42,446,260$3,996,456,979