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%18.2%
1 years$660,633$654,748$649,007$643,403$637,931$616,770
2 years$327,046$320,955$315,052$309,328$303,777$282,663
3 years$215,865$209,748$203,859$198,190$192,728$172,324
4 years$160,285$154,187$148,357$142,785$137,456$117,917
5 years$126,946$120,884$115,131$109,672$104,492$85,871
6 years$104,727$98,711$93,043$87,706$82,681$64,994
7 years$88,863$82,897$77,319$72,108$67,241$50,485
8 years$76,970$71,058$65,573$60,489$55,783$39,946
9 years$67,725$61,869$56,478$51,524$46,978$32,039
10 years$60,333$54,535$49,239$44,414$40,027$25,965
11 years$54,289$48,549$43,349$38,653$34,425$21,211
12 years$49,256$43,575$38,471$33,904$29,832$17,438
13 years$45,001$39,379$34,371$29,932$26,014$14,408
14 years$41,357$35,794$30,883$26,571$22,804$11,954
15 years$38,201$32,699$27,883$23,696$20,078$9,950
16 years$35,443$30,001$25,280$21,217$17,745$8,304
17 years$33,012$27,629$23,004$19,064$15,734$6,947
18 years$30,853$25,531$21,000$17,180$13,990$5,822
19 years$28,924$23,662$19,224$15,524$12,470$4,886
20 years$27,189$21,988$17,643$14,060$11,138$4,106
21 years$25,622$20,481$16,228$12,760$9,967$3,455
22 years$24,200$19,118$14,957$11,602$8,934$2,909
23 years$22,903$17,881$13,810$10,566$8,020$2,451
24 years$21,716$16,753$12,772$9,637$7,208$2,067
25 years$20,625$15,722$11,829$8,801$6,487$1,744
26 years$19,620$14,776$10,971$8,047$5,843$1,472
27 years$18,691$13,906$10,188$7,366$5,268$1,243
28 years$17,830$13,103$9,471$6,749$4,753$1,049
29 years$17,030$12,362$8,813$6,189$4,292$887
30 years$16,285$11,674$8,209$5,680$3,878$749
31 years$15,589$11,036$7,653$5,216$3,506$633
32 years$14,937$10,442$7,141$4,794$3,172$535
33 years$14,327$9,889$6,667$4,408$2,870$452
34 years$13,753$9,373$6,229$4,056$2,599$383
35 years$13,214$8,890$5,824$3,734$2,354$323
36 years$12,706$8,438$5,448$3,439$2,133$274
37 years$12,226$8,014$5,100$3,168$1,933$231
38 years$11,773$7,616$4,775$2,920$1,752$196
39 years$11,344$7,242$4,474$2,693$1,589$165
40 years$10,937$6,890$4,194$2,484$1,441$140
41 years$10,552$6,559$3,932$2,291$1,308$118
42 years$10,185$6,246$3,689$2,115$1,187$100
43 years$9,837$5,952$3,461$1,952$1,077$85
44 years$9,505$5,673$3,249$1,803$977$72
45 years$9,189$5,410$3,051$1,665$887$61
46 years$8,888$5,161$2,865$1,538$806$51
47 years$8,600$4,925$2,692$1,421$732$43
48 years$8,325$4,702$2,530$1,313$664$37
49 years$8,062$4,490$2,378$1,213$603$31
50 years$7,811$4,289$2,235$1,121$548$26

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 $5,736 every year, while hoping to spend $32,585 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: 55/33/12 Blend
29$8,000,000$8,000,000$8,000,000$8,000,000
30$8,821,917$8,397,917$8,273,917$9,279,750
31$9,687,082$8,774,744$8,516,423$9,967,745
32$10,639,402$9,168,945$8,765,961$10,712,438
33$11,687,732$9,581,334$9,022,731$11,522,518
34$12,841,830$10,012,769$9,286,942$12,404,223
35$14,112,447$10,464,145$9,558,805$13,364,405
36$15,511,431$10,936,402$9,838,539$14,410,597
37$17,051,836$11,430,525$10,126,370$15,551,081
38$18,748,047$11,947,544$10,422,526$16,794,961
39$20,615,914$12,488,540$10,727,248$18,152,247
40$22,672,904$13,054,646$11,040,777$19,633,948
41$24,938,264$13,647,046$11,363,366$21,252,171
42$27,433,201$14,266,986$11,695,273$23,020,233
43$30,181,085$14,915,766$12,036,763$24,952,783
44$33,207,669$15,594,751$12,388,107$27,065,935
45$36,541,330$16,305,373$12,749,588$29,377,418
46$40,213,339$17,049,129$13,121,492$31,906,741
47$44,258,153$17,827,591$13,504,116$34,675,368
48$48,713,745$18,642,403$13,897,764$37,706,923
49$53,621,957$19,495,290$14,302,749$41,027,402
50$59,028,897$20,388,061$14,719,392$44,665,417
51$64,985,377$21,322,608$15,148,024$48,652,461
52$71,547,388$22,300,918$15,588,985$53,023,199
53$78,776,628$23,325,070$16,042,623$57,815,793
54$86,741,091$24,397,245$16,509,297$63,072,250
55$95,515,700$25,519,727$16,989,376$68,838,820
56$105,183,020$26,694,913$17,483,239$75,166,421
57$115,834,035$27,925,311$17,991,275$82,111,115
58$127,569,008$29,213,552$18,513,884$89,734,634
59$140,498,425$30,562,394$19,051,477$98,104,947
60$154,744,040$31,974,727$19,604,477$107,296,903
61$170,440,023$33,453,580$20,173,318$117,392,925
62$187,734,227$35,002,127$20,758,446$128,483,782
63$206,789,584$36,623,697$21,360,320$140,669,435
64$227,785,641$38,321,777$21,979,410$154,059,973
65$250,920,256$40,100,025$22,616,200$168,776,646
66$276,411,467$41,962,271$23,271,188$184,952,994
67$304,499,549$43,912,534$23,944,884$202,736,101
68$335,449,279$45,955,024$24,637,814$222,287,973
69$369,552,441$48,094,156$25,350,516$243,787,054
70$407,130,576$50,334,556$26,083,545$267,429,903
71$448,538,021$52,681,075$26,837,470$293,433,030
72$494,165,249$55,138,798$27,612,875$322,034,937
73$544,442,559$57,713,054$28,410,361$353,498,346
74$599,844,137$60,409,430$29,230,545$388,112,673
75$660,892,532$63,233,785$30,074,062$426,196,741
76$728,163,589$66,192,259$30,941,561$468,101,777
77$802,291,883$69,291,289$31,833,712$514,214,708
78$883,976,716$72,537,622$32,751,202$564,961,803
79$973,988,710$75,938,334$33,694,736$620,812,672
80$1,073,177,088$79,500,842$34,665,039$682,284,687
81$1,182,477,688$83,232,921$35,662,855$749,947,845
82$1,302,921,801$87,142,723$36,688,949$824,430,127
83$1,435,645,902$91,238,794$37,744,106$906,423,407
84$1,581,902,383$95,530,093$38,829,133$996,689,962
85$1,743,071,373$100,026,015$39,944,856$1,096,069,644
86$1,920,673,772$104,736,409$41,092,127$1,205,487,784
87$2,116,385,602$109,671,598$42,271,819$1,325,963,903
88$2,332,053,837$114,842,410$43,484,829$1,458,621,310
89$2,569,713,834$120,260,194$44,732,077$1,604,697,681
90$2,831,608,552$125,936,851$46,014,508$1,765,556,708
91$3,120,209,725$131,884,856$47,333,094$1,942,700,950
92$3,438,241,195$138,117,293$48,688,831$2,137,785,981
93$3,788,704,633$144,647,876$50,082,743$2,352,635,989
94$4,174,907,871$151,490,988$51,515,881$2,589,260,959
95$4,600,496,134$158,661,705$52,989,322$2,849,875,616
96$5,069,486,450$166,175,840$54,504,175$3,136,920,293
97$5,586,305,579$174,049,967$56,061,576$3,453,083,929
98$6,155,831,803$182,301,470$57,662,694$3,801,329,411
99$6,783,440,977$190,948,572$59,308,724$4,184,921,505
100$7,475,057,289$200,010,384$61,000,898$4,607,457,629