Can I retire at age 30 with 7,900,000?

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 $7,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$652,375$646,564$640,894$635,360$629,957$612,988
2 years$322,958$316,943$311,114$305,462$299,980$283,005
3 years$213,166$207,126$201,311$195,712$190,319$173,870
4 years$158,282$152,259$146,503$141,000$135,737$119,940
5 years$125,359$119,373$113,692$108,301$103,185$88,083
6 years$103,418$97,477$91,880$86,609$81,647$67,255
7 years$87,752$81,861$76,353$71,206$66,401$52,719
8 years$76,008$70,170$64,753$59,733$55,086$42,108
9 years$66,878$61,096$55,772$50,879$46,390$34,104
10 years$59,579$53,853$48,623$43,859$39,527$27,917
11 years$53,611$47,942$42,807$38,170$33,994$23,042
12 years$48,641$43,030$37,990$33,480$29,459$19,145
13 years$44,439$38,887$33,942$29,558$25,689$15,991
14 years$40,840$35,347$30,497$26,238$22,519$13,414
15 years$37,724$32,290$27,535$23,400$19,827$11,292
16 years$35,000$29,626$24,964$20,952$17,523$9,534
17 years$32,599$27,284$22,716$18,825$15,537$8,069
18 years$30,467$25,212$20,737$16,965$13,815$6,843
19 years$28,562$23,366$18,984$15,330$12,314$5,813
20 years$26,850$21,713$17,422$13,884$10,999$4,945
21 years$25,302$20,225$16,025$12,601$9,843$4,212
22 years$23,897$18,879$14,770$11,457$8,823$3,591
23 years$22,617$17,657$13,637$10,434$7,920$3,065
24 years$21,444$16,544$12,612$9,516$7,118$2,617
25 years$20,367$15,525$11,681$8,691$6,405$2,236
26 years$19,375$14,591$10,834$7,947$5,770$1,912
27 years$18,458$13,732$10,060$7,274$5,202$1,635
28 years$17,607$12,940$9,352$6,664$4,694$1,399
29 years$16,817$12,207$8,703$6,111$4,238$1,198
30 years$16,081$11,528$8,107$5,609$3,830$1,026
31 years$15,394$10,898$7,558$5,151$3,462$878
32 years$14,751$10,312$7,051$4,734$3,132$752
33 years$14,148$9,765$6,584$4,353$2,834$645
34 years$13,582$9,255$6,152$4,005$2,566$552
35 years$13,049$8,779$5,751$3,687$2,324$473
36 years$12,547$8,332$5,380$3,396$2,106$406
37 years$12,073$7,914$5,036$3,129$1,909$348
38 years$11,626$7,521$4,716$2,884$1,730$298
39 years$11,202$7,152$4,418$2,659$1,569$256
40 years$10,801$6,804$4,141$2,453$1,423$219
41 years$10,420$6,477$3,883$2,263$1,291$188
42 years$10,058$6,168$3,642$2,088$1,172$161
43 years$9,714$5,877$3,418$1,928$1,063$138
44 years$9,386$5,602$3,208$1,780$965$118
45 years$9,074$5,342$3,013$1,644$876$102
46 years$8,777$5,096$2,829$1,518$796$87
47 years$8,493$4,863$2,658$1,403$722$75
48 years$8,221$4,643$2,498$1,296$656$64
49 years$7,962$4,434$2,348$1,198$596$55
50 years$7,713$4,235$2,207$1,107$541$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $7,900,000, adding $6,262 every year, while hoping to spend $22,893 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: 49/38/13 Blend
29$7,900,000$7,900,000$7,900,000$7,900,000
30$8,712,259$8,293,559$8,171,109$9,107,782
31$9,576,552$8,675,586$8,420,483$9,762,519
32$10,528,235$9,075,564$8,677,444$10,470,429
33$11,576,198$9,494,350$8,942,222$11,238,876
34$12,730,237$9,932,840$9,215,053$12,073,541
35$14,001,146$10,391,974$9,496,183$12,980,659
36$15,400,819$10,872,737$9,785,861$13,967,079
37$16,942,363$11,376,161$10,084,347$15,040,326
38$18,640,220$11,903,329$10,391,909$16,208,664
39$20,510,305$12,455,375$10,708,821$17,481,177
40$22,570,156$13,033,488$11,035,366$18,867,848
41$24,839,097$13,638,914$11,371,836$20,379,646
42$27,338,423$14,272,960$11,718,531$22,028,632
43$30,091,602$14,936,994$12,075,761$23,828,065
44$33,124,492$15,632,453$12,443,845$25,792,524
45$36,465,588$16,360,841$12,823,112$27,938,039
46$40,146,292$17,123,736$13,213,900$30,282,242
47$44,201,205$17,922,791$13,616,558$32,844,521
48$48,668,460$18,759,740$14,031,444$35,646,208
49$53,590,074$19,636,398$14,458,929$38,710,764
50$59,012,353$20,554,673$14,899,394$42,064,005
51$64,986,320$21,516,559$15,353,231$45,734,332
52$71,568,206$22,524,151$15,820,845$49,752,995
53$78,819,972$23,579,644$16,302,652$54,154,385
54$86,809,900$24,685,338$16,799,083$58,976,346
55$95,613,235$25,843,644$17,310,577$64,260,532
56$105,312,895$27,057,093$17,837,592$70,052,784
57$116,000,255$28,328,335$18,380,595$76,403,564
58$127,776,007$29,660,149$18,940,071$83,368,415
59$140,751,112$31,055,449$19,516,516$91,008,485
60$155,047,850$32,517,291$20,110,444$99,391,088
61$170,800,969$34,048,877$20,722,382$108,590,332
62$188,158,961$35,653,565$21,352,875$118,687,813
63$207,285,461$37,334,875$22,002,483$129,773,369
64$228,360,795$39,096,501$22,671,782$141,945,921
65$251,583,677$40,942,310$23,361,368$155,314,395
66$277,173,090$42,876,362$24,071,852$169,998,736
67$305,370,352$44,902,910$24,803,866$186,131,032
68$336,441,392$47,026,416$25,558,059$203,856,744
69$370,679,260$49,251,557$26,335,100$223,336,069
70$408,406,897$51,583,236$27,135,678$244,745,437
71$449,980,182$54,026,595$27,960,505$268,279,158
72$495,791,288$56,587,027$28,810,310$294,151,247
73$546,272,391$59,270,183$29,685,846$322,597,425
74$601,899,744$62,081,990$30,587,891$353,877,326
75$663,198,175$65,028,665$31,517,243$388,276,932
76$730,746,043$68,116,724$32,474,725$426,111,253
77$805,180,695$71,352,999$33,461,184$467,727,283
78$887,204,487$74,744,657$34,477,494$513,507,252
79$977,591,409$78,299,210$35,524,555$563,872,216
80$1,077,194,397$82,024,536$36,603,292$619,286,009
81$1,186,953,383$85,928,895$37,714,660$680,259,596
82$1,307,904,169$90,020,951$38,859,641$747,355,874
83$1,441,188,202$94,309,786$40,039,247$821,194,960
84$1,588,063,358$98,804,925$41,254,521$902,460,018
85$1,749,915,810$103,516,355$42,506,537$991,903,679
86$1,928,273,116$108,454,551$43,796,400$1,090,355,119
87$2,124,818,643$113,630,493$45,125,248$1,198,727,853
88$2,341,407,457$119,055,699$46,494,256$1,318,028,327
89$2,580,083,835$124,742,246$47,904,631$1,449,365,388
90$2,843,100,567$130,702,797$49,357,617$1,593,960,712
91$3,132,940,224$136,950,633$50,854,496$1,753,160,304
92$3,452,338,593$143,499,680$52,396,588$1,928,447,164
93$3,804,310,507$150,364,541$53,985,251$2,121,455,245
94$4,192,178,307$157,560,533$55,621,886$2,333,984,839
95$4,619,603,210$165,103,714$57,307,934$2,568,019,525
96$5,090,619,867$173,010,926$59,044,880$2,825,744,848
97$5,609,674,464$181,299,832$60,834,254$3,109,568,904
98$6,181,666,688$189,988,952$62,677,630$3,422,145,022
99$6,811,995,989$199,097,710$64,576,629$3,766,396,758
100$7,506,612,557$208,646,475$66,532,924$4,145,545,441