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%17.2%
1 years$660,633$654,748$649,007$643,403$637,931$619,248
2 years$327,046$320,955$315,052$309,328$303,777$285,105
3 years$215,865$209,748$203,859$198,190$192,728$174,653
4 years$160,285$154,187$148,357$142,785$137,456$120,116
5 years$126,946$120,884$115,131$109,672$104,492$87,934
6 years$104,727$98,711$93,043$87,706$82,681$66,921
7 years$88,863$82,897$77,319$72,108$67,241$52,279
8 years$76,970$71,058$65,573$60,489$55,783$41,610
9 years$67,725$61,869$56,478$51,524$46,978$33,578
10 years$60,333$54,535$49,239$44,414$40,027$27,383
11 years$54,289$48,549$43,349$38,653$34,425$22,515
12 years$49,256$43,575$38,471$33,904$29,832$18,633
13 years$45,001$39,379$34,371$29,932$26,014$15,500
14 years$41,357$35,794$30,883$26,571$22,804$12,949
15 years$38,201$32,699$27,883$23,696$20,078$10,855
16 years$35,443$30,001$25,280$21,217$17,745$9,125
17 years$33,012$27,629$23,004$19,064$15,734$7,689
18 years$30,853$25,531$21,000$17,180$13,990$6,492
19 years$28,924$23,662$19,224$15,524$12,470$5,490
20 years$27,189$21,988$17,643$14,060$11,138$4,649
21 years$25,622$20,481$16,228$12,760$9,967$3,942
22 years$24,200$19,118$14,957$11,602$8,934$3,345
23 years$22,903$17,881$13,810$10,566$8,020$2,841
24 years$21,716$16,753$12,772$9,637$7,208$2,415
25 years$20,625$15,722$11,829$8,801$6,487$2,054
26 years$19,620$14,776$10,971$8,047$5,843$1,747
27 years$18,691$13,906$10,188$7,366$5,268$1,487
28 years$17,830$13,103$9,471$6,749$4,753$1,266
29 years$17,030$12,362$8,813$6,189$4,292$1,079
30 years$16,285$11,674$8,209$5,680$3,878$919
31 years$15,589$11,036$7,653$5,216$3,506$783
32 years$14,937$10,442$7,141$4,794$3,172$667
33 years$14,327$9,889$6,667$4,408$2,870$569
34 years$13,753$9,373$6,229$4,056$2,599$485
35 years$13,214$8,890$5,824$3,734$2,354$414
36 years$12,706$8,438$5,448$3,439$2,133$353
37 years$12,226$8,014$5,100$3,168$1,933$301
38 years$11,773$7,616$4,775$2,920$1,752$257
39 years$11,344$7,242$4,474$2,693$1,589$219
40 years$10,937$6,890$4,194$2,484$1,441$187
41 years$10,552$6,559$3,932$2,291$1,308$159
42 years$10,185$6,246$3,689$2,115$1,187$136
43 years$9,837$5,952$3,461$1,952$1,077$116
44 years$9,505$5,673$3,249$1,803$977$99
45 years$9,189$5,410$3,051$1,665$887$84
46 years$8,888$5,161$2,865$1,538$806$72
47 years$8,600$4,925$2,692$1,421$732$61
48 years$8,325$4,702$2,530$1,313$664$52
49 years$8,062$4,490$2,378$1,213$603$45
50 years$7,811$4,289$2,235$1,121$548$38

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 $5,873 every year, while hoping to spend $25,291 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: 37/36/27 Blend
29$8,000,000$8,000,000$8,000,000$8,000,000
30$8,822,058$8,398,058$8,274,058$9,076,993
31$9,694,998$8,782,653$8,524,330$9,650,125
32$10,656,131$9,185,246$8,782,137$10,266,047
33$11,714,425$9,606,692$9,047,708$10,930,873
34$12,879,763$10,047,887$9,321,273$11,649,036
35$14,163,036$10,509,769$9,603,072$12,425,397
36$15,576,242$10,993,325$9,893,351$13,265,291
37$17,132,606$11,499,585$10,192,365$14,174,569
38$18,846,697$12,029,630$10,500,376$15,159,653
39$20,734,573$12,584,595$10,817,651$16,227,595
40$22,813,926$13,165,667$11,144,469$17,386,133
41$25,104,252$13,774,090$11,481,114$18,643,767
42$27,627,036$14,411,171$11,827,882$20,009,832
43$30,405,951$15,078,276$12,185,073$21,494,582
44$33,467,086$15,776,839$12,553,001$23,109,282
45$36,839,189$16,508,363$12,931,986$24,866,311
46$40,553,937$17,274,424$13,322,358$26,779,274
47$44,646,239$18,076,672$13,724,458$28,863,121
48$49,154,564$18,916,837$14,138,637$31,134,290
49$54,121,302$19,796,735$14,565,253$33,610,850
50$59,593,167$20,718,266$15,004,681$36,312,670
51$65,621,633$21,683,425$15,457,301$39,261,599
52$72,263,426$22,694,300$15,923,507$42,481,665
53$79,581,057$23,753,082$16,403,706$45,999,296
54$87,643,409$24,862,067$16,898,315$49,843,563
55$96,526,391$26,023,663$17,407,763$54,046,445
56$106,313,653$27,240,392$17,932,493$58,643,128
57$117,097,376$28,514,901$18,472,961$63,672,321
58$128,979,139$29,849,962$19,029,636$69,176,624
59$142,070,884$31,248,483$19,603,002$75,202,910
60$156,495,967$32,713,511$20,193,555$81,802,768
61$172,390,324$34,248,242$20,801,808$89,032,973
62$189,903,757$35,856,026$21,428,288$96,956,019
63$209,201,343$37,540,374$22,073,539$105,640,690
64$230,464,996$39,304,968$22,738,118$115,162,708
65$253,895,183$41,153,669$23,422,602$125,605,430
66$279,712,816$43,090,523$24,127,583$137,060,623
67$308,161,337$45,119,773$24,853,672$149,629,322
68$339,509,019$47,245,867$25,601,495$163,422,767
69$374,051,494$49,473,469$26,371,700$178,563,442
70$412,114,546$51,807,470$27,164,952$195,186,213
71$454,057,189$54,252,995$27,981,937$213,439,593
72$500,275,051$56,815,420$28,823,361$233,487,122
73$551,204,111$59,500,381$29,689,949$255,508,898
74$607,324,818$62,313,786$30,582,449$279,703,257
75$669,166,619$65,261,832$31,501,631$306,288,634
76$737,312,967$68,351,014$32,448,288$335,505,598
77$812,406,820$71,588,144$33,423,236$367,619,110
78$895,156,715$74,980,363$34,427,314$402,921,001
79$986,343,459$78,535,159$35,461,388$441,732,704
80$1,086,827,494$82,260,384$36,526,346$484,408,272
81$1,197,557,026$86,164,271$37,623,107$531,337,691
82$1,319,576,974$90,255,452$38,752,612$582,950,538
83$1,454,038,835$94,542,978$39,915,834$639,720,015
84$1,602,211,553$99,036,341$41,113,771$702,167,385
85$1,765,493,502$103,745,492$42,347,453$770,866,866
86$1,945,425,685$108,680,868$43,617,940$846,451,024
87$2,143,706,285$113,853,410$44,926,320$929,616,713
88$2,362,206,691$119,274,592$46,273,717$1,021,131,619
89$2,602,989,174$124,956,448$47,661,287$1,121,841,478
90$2,868,326,348$130,911,592$49,090,219$1,232,678,024
91$3,160,722,631$137,153,255$50,561,736$1,354,667,746
92$3,482,937,885$143,695,310$52,077,100$1,488,941,541
93$3,838,013,473$150,552,304$53,637,607$1,636,745,351
94$4,229,300,973$157,739,493$55,244,592$1,799,451,881
95$4,660,493,817$165,272,873$56,899,431$1,978,573,516
96$5,135,662,162$173,169,219$58,603,537$2,175,776,553
97$5,659,291,314$181,446,122$60,358,367$2,392,896,880
98$6,236,324,075$190,122,029$62,165,419$2,631,957,259
99$6,872,207,407$199,216,285$64,026,237$2,895,186,372
100$7,572,943,854$208,749,175$65,942,408$3,185,039,799