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%15.9%
1 years$660,633$654,748$649,007$643,403$637,931$622,509
2 years$327,046$320,955$315,052$309,328$303,777$288,332
3 years$215,865$209,748$203,859$198,190$192,728$177,744
4 years$160,285$154,187$148,357$142,785$137,456$123,046
5 years$126,946$120,884$115,131$109,672$104,492$90,698
6 years$104,727$98,711$93,043$87,706$82,681$69,516
7 years$88,863$82,897$77,319$72,108$67,241$54,708
8 years$76,970$71,058$65,573$60,489$55,783$43,876
9 years$67,725$61,869$56,478$51,524$46,978$35,687
10 years$60,333$54,535$49,239$44,414$40,027$29,340
11 years$54,289$48,549$43,349$38,653$34,425$24,325
12 years$49,256$43,575$38,471$33,904$29,832$20,304
13 years$45,001$39,379$34,371$29,932$26,014$17,039
14 years$41,357$35,794$30,883$26,571$22,804$14,362
15 years$38,201$32,699$27,883$23,696$20,078$12,150
16 years$35,443$30,001$25,280$21,217$17,745$10,310
17 years$33,012$27,629$23,004$19,064$15,734$8,770
18 years$30,853$25,531$21,000$17,180$13,990$7,476
19 years$28,924$23,662$19,224$15,524$12,470$6,384
20 years$27,189$21,988$17,643$14,060$11,138$5,460
21 years$25,622$20,481$16,228$12,760$9,967$4,676
22 years$24,200$19,118$14,957$11,602$8,934$4,008
23 years$22,903$17,881$13,810$10,566$8,020$3,439
24 years$21,716$16,753$12,772$9,637$7,208$2,953
25 years$20,625$15,722$11,829$8,801$6,487$2,538
26 years$19,620$14,776$10,971$8,047$5,843$2,182
27 years$18,691$13,906$10,188$7,366$5,268$1,877
28 years$17,830$13,103$9,471$6,749$4,753$1,615
29 years$17,030$12,362$8,813$6,189$4,292$1,391
30 years$16,285$11,674$8,209$5,680$3,878$1,197
31 years$15,589$11,036$7,653$5,216$3,506$1,031
32 years$14,937$10,442$7,141$4,794$3,172$889
33 years$14,327$9,889$6,667$4,408$2,870$766
34 years$13,753$9,373$6,229$4,056$2,599$660
35 years$13,214$8,890$5,824$3,734$2,354$569
36 years$12,706$8,438$5,448$3,439$2,133$491
37 years$12,226$8,014$5,100$3,168$1,933$423
38 years$11,773$7,616$4,775$2,920$1,752$365
39 years$11,344$7,242$4,474$2,693$1,589$315
40 years$10,937$6,890$4,194$2,484$1,441$271
41 years$10,552$6,559$3,932$2,291$1,308$234
42 years$10,185$6,246$3,689$2,115$1,187$202
43 years$9,837$5,952$3,461$1,952$1,077$174
44 years$9,505$5,673$3,249$1,803$977$150
45 years$9,189$5,410$3,051$1,665$887$130
46 years$8,888$5,161$2,865$1,538$806$112
47 years$8,600$4,925$2,692$1,421$732$96
48 years$8,325$4,702$2,530$1,313$664$83
49 years$8,062$4,490$2,378$1,213$603$72
50 years$7,811$4,289$2,235$1,121$548$62

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 $4,527 every year, while hoping to spend $20,429 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: 47/31/22 Blend
29$8,000,000$8,000,000$8,000,000$8,000,000
30$8,820,670$8,396,670$8,272,670$9,179,718
31$9,698,642$8,786,370$8,528,068$9,821,113
32$10,665,482$9,194,481$8,791,337$10,514,500
33$11,730,234$9,621,884$9,062,720$11,266,719
34$12,902,862$10,069,500$9,342,465$12,083,287
35$14,194,347$10,538,298$9,630,830$12,970,266
36$15,616,788$11,029,293$9,928,081$13,934,312
37$17,183,518$11,543,546$10,234,490$14,982,739
38$18,909,231$12,082,173$10,550,338$16,123,583
39$20,810,115$12,646,342$10,875,917$17,365,676
40$22,904,012$13,237,278$11,211,526$18,718,725
41$25,210,581$13,856,265$11,557,472$20,193,399
42$27,751,486$14,504,648$11,914,074$21,801,430
43$30,550,601$15,183,839$12,281,658$23,555,715
44$33,634,233$15,895,317$12,660,564$25,470,438
45$37,031,369$16,640,633$13,051,138$27,561,198
46$40,773,957$17,421,412$13,453,739$29,845,149
47$44,897,199$18,239,360$13,868,737$32,341,164
48$49,439,887$19,096,262$14,296,513$35,070,003
49$54,444,768$19,993,992$14,737,460$38,054,504
50$59,958,951$20,934,514$15,191,981$41,319,797
51$66,034,347$21,919,888$15,660,495$44,893,534
52$72,728,159$22,952,271$16,143,431$48,806,143
53$80,103,428$24,033,929$16,641,232$53,091,111
54$88,229,619$25,167,233$17,154,355$57,785,294
55$97,183,284$26,354,671$17,683,270$62,929,256
56$107,048,782$27,598,853$18,228,462$68,567,650
57$117,919,073$28,902,513$18,790,432$74,749,626
58$129,896,601$30,268,518$19,369,694$81,529,293
59$143,094,255$31,699,876$19,966,779$88,966,220
60$157,636,439$33,199,739$20,582,235$97,125,990
61$173,660,241$34,771,412$21,216,626$106,080,811
62$191,316,736$36,418,361$21,870,533$115,910,188
63$210,772,402$38,144,220$22,544,555$126,701,666
64$232,210,698$39,952,799$23,239,309$138,551,646
65$255,833,796$41,848,092$23,955,432$151,566,283
66$281,864,485$43,834,290$24,693,580$165,862,481
67$310,548,276$45,915,784$25,454,429$181,568,981
68$342,155,722$48,097,180$26,238,675$198,827,572
69$376,984,972$50,383,307$27,047,036$217,794,408
70$415,364,579$52,779,230$27,880,253$238,641,478
71$457,656,612$55,290,258$28,739,087$261,558,209
72$504,260,065$57,921,959$29,624,324$286,753,247
73$555,614,627$60,680,171$30,536,775$314,456,409
74$612,204,837$63,571,017$31,477,275$344,920,835
75$674,564,649$66,600,916$32,446,682$378,425,367
76$743,282,483$69,776,600$33,445,885$415,277,160
77$819,006,771$73,105,128$34,475,797$455,814,567
78$902,452,084$76,593,902$35,537,359$500,410,316
79$994,405,878$80,250,685$36,631,543$549,475,005
80$1,095,735,926$84,083,616$37,759,347$603,460,964
81$1,207,398,508$88,101,231$38,921,803$662,866,498
82$1,330,447,446$92,312,482$40,119,974$728,240,577
83$1,466,044,046$96,726,753$41,354,953$800,187,989
84$1,615,468,064$101,353,889$42,627,869$879,375,028
85$1,780,129,788$106,204,212$43,939,885$966,535,761
86$1,961,583,355$111,288,547$45,292,199$1,062,478,929
87$2,161,541,415$116,618,243$46,686,046$1,168,095,556
88$2,381,891,309$122,205,207$48,122,698$1,284,367,330
89$2,624,712,881$128,061,921$49,603,467$1,412,375,846
90$2,892,298,117$134,201,477$51,129,705$1,553,312,777
91$3,187,172,778$140,637,603$52,702,804$1,708,491,100
92$3,512,120,254$147,384,698$54,324,200$1,879,357,450
93$3,870,207,831$154,457,859$55,995,372$2,067,505,745
94$4,264,815,657$161,872,922$57,717,844$2,274,692,196
95$4,699,668,651$169,646,491$59,493,188$2,502,851,843
96$5,178,871,666$177,795,982$61,323,023$2,754,116,787
97$5,706,948,249$186,339,658$63,209,017$3,030,836,270
98$6,288,883,340$195,296,671$65,152,889$3,335,598,815
99$6,930,170,342$204,687,109$67,156,412$3,671,256,608
100$7,636,862,976$214,532,037$69,221,411$4,040,952,379