Can I retire at age 30 with 8,000,000?

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 $8,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$660,633$654,748$649,007$643,403$637,931$624,031
2 years$327,046$320,955$315,052$309,328$303,777$289,843
3 years$215,865$209,748$203,859$198,190$192,728$179,195
4 years$160,285$154,187$148,357$142,785$137,456$124,427
5 years$126,946$120,884$115,131$109,672$104,492$92,005
6 years$104,727$98,711$93,043$87,706$82,681$70,750
7 years$88,863$82,897$77,319$72,108$67,241$55,868
8 years$76,970$71,058$65,573$60,489$55,783$44,963
9 years$67,725$61,869$56,478$51,524$46,978$36,703
10 years$60,333$54,535$49,239$44,414$40,027$30,288
11 years$54,289$48,549$43,349$38,653$34,425$25,207
12 years$49,256$43,575$38,471$33,904$29,832$21,122
13 years$45,001$39,379$34,371$29,932$26,014$17,797
14 years$41,357$35,794$30,883$26,571$22,804$15,063
15 years$38,201$32,699$27,883$23,696$20,078$12,796
16 years$35,443$30,001$25,280$21,217$17,745$10,904
17 years$33,012$27,629$23,004$19,064$15,734$9,316
18 years$30,853$25,531$21,000$17,180$13,990$7,977
19 years$28,924$23,662$19,224$15,524$12,470$6,842
20 years$27,189$21,988$17,643$14,060$11,138$5,878
21 years$25,622$20,481$16,228$12,760$9,967$5,057
22 years$24,200$19,118$14,957$11,602$8,934$4,355
23 years$22,903$17,881$13,810$10,566$8,020$3,755
24 years$21,716$16,753$12,772$9,637$7,208$3,240
25 years$20,625$15,722$11,829$8,801$6,487$2,797
26 years$19,620$14,776$10,971$8,047$5,843$2,417
27 years$18,691$13,906$10,188$7,366$5,268$2,089
28 years$17,830$13,103$9,471$6,749$4,753$1,806
29 years$17,030$12,362$8,813$6,189$4,292$1,563
30 years$16,285$11,674$8,209$5,680$3,878$1,352
31 years$15,589$11,036$7,653$5,216$3,506$1,171
32 years$14,937$10,442$7,141$4,794$3,172$1,014
33 years$14,327$9,889$6,667$4,408$2,870$878
34 years$13,753$9,373$6,229$4,056$2,599$761
35 years$13,214$8,890$5,824$3,734$2,354$659
36 years$12,706$8,438$5,448$3,439$2,133$571
37 years$12,226$8,014$5,100$3,168$1,933$495
38 years$11,773$7,616$4,775$2,920$1,752$429
39 years$11,344$7,242$4,474$2,693$1,589$372
40 years$10,937$6,890$4,194$2,484$1,441$322
41 years$10,552$6,559$3,932$2,291$1,308$279
42 years$10,185$6,246$3,689$2,115$1,187$242
43 years$9,837$5,952$3,461$1,952$1,077$210
44 years$9,505$5,673$3,249$1,803$977$182
45 years$9,189$5,410$3,051$1,665$887$158
46 years$8,888$5,161$2,865$1,538$806$137
47 years$8,600$4,925$2,692$1,421$732$119
48 years$8,325$4,702$2,530$1,313$664$103
49 years$8,062$4,490$2,378$1,213$603$89
50 years$7,811$4,289$2,235$1,121$548$77

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $8,000,000, adding $5,094 every year, while hoping to spend $41,005 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: 67/12/21 Blend
29$8,000,000$8,000,000$8,000,000$8,000,000
30$8,821,254$8,397,254$8,273,254$9,365,290
31$9,677,393$8,765,091$8,506,779$10,098,370
32$10,619,484$9,149,577$8,746,753$10,894,547
33$11,656,251$9,551,485$8,993,349$11,764,260
34$12,797,305$9,971,625$9,246,743$12,714,748
35$14,053,239$10,410,843$9,507,117$13,753,976
36$15,435,722$10,870,027$9,774,658$14,890,712
37$16,957,613$11,350,106$10,049,557$16,134,611
38$18,633,082$11,852,054$10,332,010$17,496,299
39$20,477,741$12,376,889$10,622,217$18,987,475
40$22,508,795$12,925,681$10,920,385$20,621,020
41$24,745,198$13,499,546$11,226,724$22,411,119
42$27,207,841$14,099,656$11,541,452$24,373,388
43$29,919,741$14,727,239$11,864,791$26,525,025
44$32,906,260$15,383,579$12,196,967$28,884,967
45$36,195,348$16,070,024$12,538,214$31,474,071
46$39,817,800$16,787,982$12,888,772$34,315,305
47$43,807,555$17,538,932$13,248,884$37,433,965
48$48,202,007$18,324,422$13,618,804$40,857,912
49$53,042,365$19,146,072$13,998,787$44,617,830
50$58,374,038$20,005,581$14,389,098$48,747,518
51$64,247,064$20,904,728$14,790,006$53,284,205
52$70,716,583$21,845,378$15,201,790$58,268,898
53$77,843,357$22,829,484$15,624,733$63,746,767
54$85,694,343$23,859,093$16,059,125$69,767,571
55$94,343,325$24,936,347$16,505,264$76,386,121
56$103,871,610$26,063,494$16,963,457$83,662,799
57$114,368,796$27,242,887$17,434,014$91,664,123
58$125,933,617$28,476,992$17,917,258$100,463,373
59$138,674,875$29,768,394$18,413,514$110,141,278
60$152,712,465$31,119,799$18,923,121$120,786,776
61$168,178,512$32,534,044$19,446,420$132,497,851
62$185,218,611$34,014,103$19,983,766$145,382,453
63$203,993,205$35,563,090$20,535,518$159,559,515
64$224,679,101$37,184,270$21,102,047$175,160,071
65$247,471,133$38,881,063$21,683,729$192,328,489
66$272,584,008$40,657,054$22,280,953$211,223,829
67$300,254,326$42,516,000$22,894,115$232,021,345
68$330,742,820$44,461,836$23,523,620$254,914,127
69$364,336,811$46,498,689$24,169,885$280,114,927
70$401,352,922$48,630,882$24,833,333$307,858,157
71$442,140,071$50,862,945$25,514,400$338,402,102
72$487,082,756$53,199,628$26,213,530$372,031,348
73$536,604,694$55,645,907$26,931,181$409,059,467
74$591,172,814$58,206,997$27,667,817$449,831,970
75$651,301,668$60,888,366$28,423,915$494,729,561
76$717,558,284$63,695,743$29,199,962$544,171,731
77$790,567,527$66,635,132$29,996,459$598,620,704
78$871,017,989$69,712,828$30,813,915$658,585,800
79$959,668,495$72,935,427$31,652,851$724,628,233
80$1,057,355,262$76,309,843$32,513,802$797,366,404
81$1,164,999,797$79,843,324$33,397,313$877,481,728
82$1,283,617,596$83,543,466$34,303,942$965,725,064
83$1,414,327,726$87,418,232$35,234,260$1,062,923,791
84$1,558,363,395$91,475,966$36,188,849$1,169,989,615
85$1,717,083,591$95,725,419$37,168,305$1,287,927,159
86$1,891,985,912$100,175,758$38,173,238$1,417,843,449
87$2,084,720,703$104,836,599$39,204,269$1,560,958,346
88$2,297,106,638$109,718,015$40,262,036$1,718,616,056
89$2,531,147,887$114,830,570$41,347,186$1,892,297,811
90$2,789,053,040$120,185,336$42,460,385$2,083,635,837
91$3,073,255,952$125,793,920$43,602,310$2,294,428,758
92$3,386,438,726$131,668,489$44,773,654$2,526,658,558
93$3,731,557,029$137,821,798$45,975,125$2,782,509,286
94$4,111,867,997$144,267,217$47,207,443$3,064,387,656
95$4,530,960,988$151,018,765$48,471,347$3,374,945,759
96$4,992,791,460$158,091,137$49,767,588$3,717,106,082
97$5,501,718,323$165,499,736$51,096,936$4,094,089,090
98$6,062,545,083$173,260,714$52,460,175$4,509,443,607
99$6,680,565,194$181,391,002$53,858,104$4,967,080,309
100$7,361,612,033$189,908,351$55,291,540$5,471,308,621