Can I retire at age 30 with 8,200,000?

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 $8,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$677,148$671,117$665,232$659,488$653,880$644,907
2 years$335,222$328,979$322,928$317,062$311,371$302,347
3 years$221,261$214,991$208,956$203,144$197,547$188,752
4 years$164,292$158,041$152,066$146,354$140,892$132,394
5 years$130,120$123,906$118,010$112,414$107,104$98,928
6 years$107,345$101,179$95,369$89,898$84,748$76,903
7 years$91,085$84,970$79,252$73,910$68,922$61,412
8 years$78,894$72,835$67,212$62,002$57,178$50,001
9 years$69,418$63,416$57,890$52,812$48,152$41,305
10 years$61,842$55,898$50,470$45,524$41,028$34,505
11 years$55,647$49,763$44,433$39,620$35,285$29,082
12 years$50,488$44,664$39,433$34,752$30,578$24,685
13 years$46,126$40,363$35,231$30,681$26,664$21,076
14 years$42,391$36,689$31,655$27,235$23,374$18,080
15 years$39,156$33,516$28,580$24,289$20,580$15,572
16 years$36,329$30,751$25,912$21,748$18,189$13,458
17 years$33,837$28,320$23,579$19,540$16,127$11,663
18 years$31,624$26,169$21,525$17,610$14,340$10,132
19 years$29,647$24,253$19,705$15,912$12,781$8,820
20 years$27,869$22,537$18,084$14,411$11,416$7,692
21 years$26,263$20,993$16,634$13,079$10,216$6,718
22 years$24,805$19,596$15,331$11,892$9,158$5,876
23 years$23,475$18,328$14,155$10,830$8,220$5,145
24 years$22,259$17,172$13,091$9,878$7,389$4,509
25 years$21,141$16,115$12,125$9,021$6,649$3,955
26 years$20,111$15,145$11,245$8,248$5,989$3,472
27 years$19,159$14,254$10,442$7,550$5,400$3,050
28 years$18,276$13,431$9,707$6,917$4,872$2,681
29 years$17,456$12,671$9,034$6,343$4,399$2,358
30 years$16,692$11,966$8,414$5,822$3,975$2,074
31 years$15,978$11,312$7,845$5,347$3,594$1,825
32 years$15,311$10,703$7,319$4,914$3,251$1,607
33 years$14,685$10,136$6,834$4,519$2,942$1,415
34 years$14,097$9,607$6,385$4,157$2,664$1,247
35 years$13,544$9,112$5,970$3,827$2,413$1,099
36 years$13,023$8,649$5,585$3,525$2,186$968
37 years$12,532$8,214$5,227$3,248$1,981$853
38 years$12,067$7,806$4,895$2,993$1,796$752
39 years$11,627$7,423$4,586$2,760$1,629$663
40 years$11,211$7,062$4,298$2,546$1,477$585
41 years$10,815$6,723$4,031$2,349$1,340$516
42 years$10,440$6,403$3,781$2,168$1,216$455
43 years$10,083$6,100$3,548$2,001$1,104$401
44 years$9,743$5,815$3,330$1,848$1,002$354
45 years$9,419$5,545$3,127$1,706$910$312
46 years$9,110$5,290$2,937$1,576$826$276
47 years$8,815$5,048$2,759$1,456$750$243
48 years$8,533$4,819$2,593$1,346$681$214
49 years$8,264$4,602$2,437$1,244$619$189
50 years$8,006$4,396$2,291$1,149$562$167

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $8,200,000, adding $5,078 every year, while hoping to spend $54,669 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: 80/5/15 Blend
29$8,200,000$8,200,000$8,200,000$8,200,000
30$9,041,638$8,607,038$8,479,938$9,736,683
31$9,905,718$8,970,615$8,705,848$10,558,195
32$10,856,101$9,350,176$8,937,495$11,452,035
33$11,901,534$9,746,445$9,175,011$12,431,462
34$13,051,651$10,160,182$9,418,535$13,505,032
35$14,317,069$10,592,180$9,668,206$14,682,167
36$15,709,486$11,043,273$9,924,166$15,973,247
37$17,241,790$11,514,329$10,186,562$17,389,701
38$18,928,181$12,006,260$10,455,541$18,944,121
39$20,784,308$12,520,019$10,731,254$20,650,374
40$22,827,412$13,056,604$11,013,855$22,523,737
41$25,076,490$13,617,060$11,303,501$24,581,039
42$27,552,475$14,202,479$11,600,352$26,840,814
43$30,278,434$14,814,007$11,904,570$29,323,485
44$33,279,782$15,452,841$12,216,320$32,051,546
45$36,584,525$16,120,236$12,535,773$35,049,781
46$40,223,524$16,817,505$12,863,098$38,345,489
47$44,230,783$17,546,022$13,198,472$41,968,751
48$48,643,773$18,307,227$13,542,071$45,952,702
49$53,503,783$19,102,627$13,894,076$50,333,852
50$58,856,313$19,933,800$14,254,671$55,152,424
51$64,751,497$20,802,396$14,624,043$60,452,732
52$71,244,584$21,710,147$15,002,382$66,283,604
53$78,396,451$22,658,864$15,389,881$72,698,835
54$86,274,183$23,650,442$15,786,736$79,757,698
55$94,951,704$24,686,869$16,193,147$87,525,498
56$104,510,476$25,770,224$16,609,315$96,074,193
57$115,040,264$26,902,684$17,035,447$105,483,067
58$126,639,987$28,086,531$17,471,750$115,839,479
59$139,418,648$29,324,154$17,918,436$127,239,685
60$153,496,366$30,618,053$18,375,719$139,789,745
61$169,005,507$31,970,850$18,843,818$153,606,527
62$186,091,935$33,385,288$19,322,952$168,818,800
63$204,916,387$34,864,241$19,813,345$185,568,458
64$225,655,989$36,410,719$20,315,223$204,011,848
65$248,505,931$38,027,876$20,828,815$224,321,251
66$273,681,309$39,719,015$21,354,352$246,686,504
67$301,419,150$41,487,594$21,892,070$271,316,789
68$331,980,654$43,337,237$22,442,206$298,442,609
69$365,653,660$45,271,740$23,004,999$328,317,956
70$402,755,358$47,295,080$23,580,691$361,222,714
71$443,635,287$49,411,422$24,169,527$397,465,294
72$488,678,634$51,625,130$24,771,754$437,385,542
73$538,309,868$53,940,774$25,387,621$481,357,950
74$592,996,747$56,363,144$26,017,378$529,795,184
75$653,254,734$58,897,258$26,661,280$583,151,981
76$719,651,865$61,548,371$27,319,581$641,929,434
77$792,814,105$64,321,991$27,992,536$706,679,725
78$873,431,262$67,223,888$28,680,405$778,011,332
79$962,263,499$70,260,106$29,383,446$856,594,771
80$1,060,148,504$73,436,979$30,101,920$943,168,923
81$1,168,009,405$76,761,145$30,836,088$1,038,548,006
82$1,286,863,479$80,239,555$31,586,211$1,143,629,258
83$1,417,831,757$83,879,497$32,352,553$1,259,401,403
84$1,562,149,609$87,688,605$33,135,376$1,386,953,985
85$1,721,178,400$91,674,878$33,934,942$1,527,487,644
86$1,896,418,348$95,846,698$34,751,514$1,682,325,455
87$2,089,522,683$100,212,850$35,585,353$1,852,925,405
88$2,302,313,255$104,782,537$36,436,720$2,040,894,164
89$2,536,797,731$109,565,406$37,305,875$2,248,002,236
90$2,795,188,553$114,571,564$38,193,075$2,476,200,682
91$3,079,923,818$119,811,603$39,098,576$2,727,639,524
92$3,393,690,300$125,296,625$40,022,631$3,004,688,045
93$3,739,448,812$131,038,261$40,965,491$3,309,957,148
94$4,120,462,159$137,048,704$41,927,403$3,646,323,999
95$4,540,325,939$143,340,730$42,908,610$4,016,959,187
96$5,003,002,488$149,927,729$43,909,352$4,425,356,649
97$5,512,858,290$156,823,735$44,929,863$4,875,366,649
98$6,074,705,193$164,043,457$45,970,371$5,371,232,123
99$6,693,845,845$171,602,308$47,031,101$5,917,628,726
100$7,376,123,746$179,516,446$48,112,268$6,519,708,973