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

Use the below retirement simulation to view the chances of a successful retirement.
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%12.9%
1 years$660,633$654,748$649,007$643,403$637,931$630,221
2 years$327,046$320,955$315,052$309,328$303,777$296,017
3 years$215,865$209,748$203,859$198,190$192,728$185,161
4 years$160,285$154,187$148,357$142,785$137,456$130,138
5 years$126,946$120,884$115,131$109,672$104,492$97,445
6 years$104,727$98,711$93,043$87,706$82,681$75,915
7 years$88,863$82,897$77,319$72,108$67,241$60,758
8 years$76,970$71,058$65,573$60,489$55,783$49,582
9 years$67,725$61,869$56,478$51,524$46,978$41,056
10 years$60,333$54,535$49,239$44,414$40,027$34,381
11 years$54,289$48,549$43,349$38,653$34,425$29,049
12 years$49,256$43,575$38,471$33,904$29,832$24,720
13 years$45,001$39,379$34,371$29,932$26,014$21,161
14 years$41,357$35,794$30,883$26,571$22,804$18,202
15 years$38,201$32,699$27,883$23,696$20,078$15,720
16 years$35,443$30,001$25,280$21,217$17,745$13,623
17 years$33,012$27,629$23,004$19,064$15,734$11,839
18 years$30,853$25,531$21,000$17,180$13,990$10,315
19 years$28,924$23,662$19,224$15,524$12,470$9,006
20 years$27,189$21,988$17,643$14,060$11,138$7,877
21 years$25,622$20,481$16,228$12,760$9,967$6,901
22 years$24,200$19,118$14,957$11,602$8,934$6,053
23 years$22,903$17,881$13,810$10,566$8,020$5,317
24 years$21,716$16,753$12,772$9,637$7,208$4,674
25 years$20,625$15,722$11,829$8,801$6,487$4,113
26 years$19,620$14,776$10,971$8,047$5,843$3,622
27 years$18,691$13,906$10,188$7,366$5,268$3,192
28 years$17,830$13,103$9,471$6,749$4,753$2,815
29 years$17,030$12,362$8,813$6,189$4,292$2,483
30 years$16,285$11,674$8,209$5,680$3,878$2,192
31 years$15,589$11,036$7,653$5,216$3,506$1,935
32 years$14,937$10,442$7,141$4,794$3,172$1,710
33 years$14,327$9,889$6,667$4,408$2,870$1,511
34 years$13,753$9,373$6,229$4,056$2,599$1,335
35 years$13,214$8,890$5,824$3,734$2,354$1,180
36 years$12,706$8,438$5,448$3,439$2,133$1,044
37 years$12,226$8,014$5,100$3,168$1,933$923
38 years$11,773$7,616$4,775$2,920$1,752$817
39 years$11,344$7,242$4,474$2,693$1,589$723
40 years$10,937$6,890$4,194$2,484$1,441$639
41 years$10,552$6,559$3,932$2,291$1,308$566
42 years$10,185$6,246$3,689$2,115$1,187$501
43 years$9,837$5,952$3,461$1,952$1,077$443
44 years$9,505$5,673$3,249$1,803$977$392
45 years$9,189$5,410$3,051$1,665$887$347
46 years$8,888$5,161$2,865$1,538$806$307
47 years$8,600$4,925$2,692$1,421$732$272
48 years$8,325$4,702$2,530$1,313$664$241
49 years$8,062$4,490$2,378$1,213$603$213
50 years$7,811$4,289$2,235$1,121$548$189

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 $3,236 every year, while hoping to spend $44,082 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: 51/20/29 Blend
29$8,000,000$8,000,000$8,000,000$8,000,000
30$8,819,338$8,395,338$8,271,338$9,196,791
31$9,672,007$8,759,807$8,501,525$9,825,059
32$10,610,172$9,140,657$8,737,946$10,503,193
33$11,642,505$9,538,645$8,980,762$11,239,767
34$12,778,564$9,954,562$9,230,142$12,040,370
35$14,028,880$10,389,238$9,486,254$12,911,144
36$15,405,055$10,843,540$9,749,273$13,858,845
37$16,919,875$11,318,378$10,019,378$14,890,903
38$18,587,427$11,814,703$10,296,752$16,015,490
39$20,423,234$12,333,512$10,581,582$17,241,596
40$22,444,400$12,875,850$10,874,060$18,579,109
41$24,669,771$13,442,809$11,174,384$20,038,911
42$27,120,115$14,035,534$11,482,753$21,632,975
43$29,818,316$14,655,225$11,799,375$23,374,474
44$32,789,591$15,303,137$12,124,460$25,277,908
45$36,061,724$15,980,586$12,458,225$27,359,233
46$39,665,334$16,688,949$12,800,889$29,636,014
47$43,634,159$17,429,669$13,152,681$32,127,581
48$48,005,379$18,204,258$13,513,830$34,855,218
49$52,819,959$19,014,298$13,884,575$37,842,352
50$58,123,044$19,861,448$14,265,158$41,114,775
51$63,964,381$20,747,445$14,655,827$44,700,886
52$70,398,787$21,674,109$15,056,837$48,631,950
53$77,486,669$22,643,346$15,468,446$52,942,395
54$85,294,592$23,657,152$15,890,921$57,670,132
55$93,895,907$24,717,620$16,324,535$62,856,905
56$103,371,447$25,826,941$16,769,564$68,548,688
57$113,810,283$26,987,410$17,226,293$74,796,107
58$125,310,572$28,201,433$17,695,014$81,654,921
59$137,980,477$29,471,530$18,176,024$89,186,537
60$151,939,192$30,800,341$18,669,626$97,458,591
61$167,318,064$32,190,631$19,176,133$106,545,574
62$184,261,834$33,645,300$19,695,861$116,529,540
63$202,930,005$35,167,383$20,229,136$127,500,865
64$223,498,343$36,760,063$20,776,290$139,559,102
65$246,160,540$38,426,672$21,337,662$152,813,911
66$271,130,041$40,170,705$21,913,599$167,386,088
67$298,642,056$41,995,820$22,504,455$183,408,701
68$328,955,784$43,905,854$23,110,593$201,028,339
69$362,356,858$45,904,825$23,732,382$220,406,487
70$399,160,040$47,996,944$24,370,200$241,721,045
71$439,712,195$50,186,625$25,024,432$265,168,000
72$484,395,561$52,478,492$25,695,472$290,963,265
73$533,631,361$54,877,391$26,383,724$319,344,715
74$587,883,777$57,388,400$27,089,596$350,574,417
75$647,664,334$60,016,843$27,813,509$384,941,102
76$713,536,724$62,768,297$28,555,890$422,762,874
77$786,122,133$65,648,607$29,317,175$464,390,210
78$866,105,101$68,663,898$30,097,810$510,209,253
79$954,239,984$71,820,592$30,898,250$560,645,453
80$1,051,358,079$75,125,417$31,718,958$616,167,563
81$1,158,375,466$78,585,426$32,560,406$677,292,063
82$1,276,301,660$82,208,009$33,423,076$744,588,014
83$1,406,249,142$86,000,913$34,307,461$818,682,426
84$1,549,443,854$89,972,258$35,214,062$900,266,159
85$1,707,236,783$94,130,554$36,143,388$990,100,431
86$1,881,116,704$98,484,721$37,095,961$1,089,023,993
87$2,072,724,243$103,044,108$38,072,311$1,197,961,030
88$2,283,867,361$107,818,514$39,072,978$1,317,929,871
89$2,516,538,422$112,818,211$40,098,513$1,450,052,584
90$2,772,933,003$118,053,966$41,149,476$1,595,565,556
91$3,055,470,624$123,537,064$42,226,437$1,755,831,144
92$3,366,817,582$129,279,335$43,329,978$1,932,350,517
93$3,709,912,133$135,293,180$44,460,690$2,126,777,813
94$4,087,992,222$141,591,597$45,619,174$2,340,935,730
95$4,504,626,054$148,188,211$46,806,042$2,576,832,714
96$4,963,745,784$155,097,306$48,021,917$2,836,681,898
97$5,469,684,635$162,333,854$49,267,431$3,122,921,972
98$6,027,217,807$169,913,552$50,543,230$3,438,240,180
99$6,641,607,560$177,852,854$51,849,965$3,785,597,667
100$7,318,652,895$186,169,007$53,188,303$4,168,257,406