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%14%
1 years$677,148$671,117$665,232$659,488$653,880$643,047
2 years$335,222$328,979$322,928$317,062$311,371$300,489
3 years$221,261$214,991$208,956$203,144$197,547$186,954
4 years$164,292$158,041$152,066$146,354$140,892$130,670
5 years$130,120$123,906$118,010$112,414$107,104$97,282
6 years$107,345$101,179$95,369$89,898$84,748$75,338
7 years$91,085$84,970$79,252$73,910$68,922$59,927
8 years$78,894$72,835$67,212$62,002$57,178$48,595
9 years$69,418$63,416$57,890$52,812$48,152$39,977
10 years$61,842$55,898$50,470$45,524$41,028$33,254
11 years$55,647$49,763$44,433$39,620$35,285$27,905
12 years$50,488$44,664$39,433$34,752$30,578$23,580
13 years$46,126$40,363$35,231$30,681$26,664$20,040
14 years$42,391$36,689$31,655$27,235$23,374$17,111
15 years$39,156$33,516$28,580$24,289$20,580$14,667
16 years$36,329$30,751$25,912$21,748$18,189$12,614
17 years$33,837$28,320$23,579$19,540$16,127$10,877
18 years$31,624$26,169$21,525$17,610$14,340$9,402
19 years$29,647$24,253$19,705$15,912$12,781$8,143
20 years$27,869$22,537$18,084$14,411$11,416$7,065
21 years$26,263$20,993$16,634$13,079$10,216$6,138
22 years$24,805$19,596$15,331$11,892$9,158$5,339
23 years$23,475$18,328$14,155$10,830$8,220$4,650
24 years$22,259$17,172$13,091$9,878$7,389$4,053
25 years$21,141$16,115$12,125$9,021$6,649$3,536
26 years$20,111$15,145$11,245$8,248$5,989$3,087
27 years$19,159$14,254$10,442$7,550$5,400$2,696
28 years$18,276$13,431$9,707$6,917$4,872$2,356
29 years$17,456$12,671$9,034$6,343$4,399$2,060
30 years$16,692$11,966$8,414$5,822$3,975$1,802
31 years$15,978$11,312$7,845$5,347$3,594$1,577
32 years$15,311$10,703$7,319$4,914$3,251$1,380
33 years$14,685$10,136$6,834$4,519$2,942$1,209
34 years$14,097$9,607$6,385$4,157$2,664$1,058
35 years$13,544$9,112$5,970$3,827$2,413$927
36 years$13,023$8,649$5,585$3,525$2,186$812
37 years$12,532$8,214$5,227$3,248$1,981$712
38 years$12,067$7,806$4,895$2,993$1,796$624
39 years$11,627$7,423$4,586$2,760$1,629$547
40 years$11,211$7,062$4,298$2,546$1,477$479
41 years$10,815$6,723$4,031$2,349$1,340$420
42 years$10,440$6,403$3,781$2,168$1,216$368
43 years$10,083$6,100$3,548$2,001$1,104$323
44 years$9,743$5,815$3,330$1,848$1,002$283
45 years$9,419$5,545$3,127$1,706$910$248
46 years$9,110$5,290$2,937$1,576$826$218
47 years$8,815$5,048$2,759$1,456$750$191
48 years$8,533$4,819$2,593$1,346$681$167
49 years$8,264$4,602$2,437$1,244$619$147
50 years$8,006$4,396$2,291$1,149$562$129

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 $6,389 every year, while hoping to spend $23,691 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: 41/40/19 Blend
29$8,200,000$8,200,000$8,200,000$8,200,000
30$9,042,990$8,608,390$8,481,290$9,362,866
31$9,940,168$9,004,994$8,740,206$9,987,642
32$10,928,064$9,420,238$9,007,002$10,660,672
33$12,015,907$9,855,010$9,281,917$11,388,651
34$13,213,864$10,310,240$9,565,196$12,176,610
35$14,533,142$10,786,905$9,857,094$13,030,072
36$15,986,087$11,286,029$10,157,871$13,955,097
37$17,586,306$11,808,682$10,467,797$14,958,335
38$19,348,790$12,355,988$10,787,150$16,047,084
39$21,290,061$12,929,126$11,116,214$17,229,362
40$23,428,324$13,529,330$11,455,284$18,513,968
41$25,783,641$14,157,895$11,804,663$19,910,570
42$28,378,117$14,816,176$12,164,664$21,429,786
43$31,236,112$15,505,596$12,535,608$23,083,282
44$34,384,471$16,227,646$12,917,826$24,883,878
45$37,852,775$16,983,888$13,311,661$26,845,662
46$41,673,619$17,775,960$13,717,463$28,984,118
47$45,882,926$18,605,579$14,135,595$31,316,267
48$50,520,277$19,474,546$14,566,431$33,860,823
49$55,629,293$20,384,746$15,010,354$36,638,361
50$61,258,041$21,338,159$15,467,761$39,671,507
51$67,459,490$22,336,857$15,939,059$42,985,143
52$74,292,010$23,383,016$16,424,670$46,606,637
53$81,819,925$24,478,913$16,925,026$50,566,093
54$90,114,115$25,626,938$17,440,573$54,896,628
55$99,252,693$26,829,596$17,971,770$59,634,674
56$109,321,735$28,089,513$18,519,091$64,820,317
57$120,416,094$29,409,441$19,083,023$70,497,666
58$132,640,300$30,792,268$19,664,068$76,715,258
59$146,109,540$32,241,019$20,262,744$83,526,509
60$160,950,750$33,758,866$20,879,584$90,990,208
61$177,303,812$35,349,136$21,515,135$99,171,058
62$195,322,874$37,015,316$22,169,964$108,140,281
63$215,177,802$38,761,062$22,844,654$117,976,276
64$237,055,791$40,590,208$23,539,803$128,765,347
65$261,163,126$42,506,772$24,256,030$140,602,505
66$287,727,129$44,514,968$24,993,972$153,592,353
67$316,998,310$46,619,215$25,754,284$167,850,058
68$349,252,726$48,824,145$26,537,641$183,502,425
69$384,794,591$51,134,615$27,344,739$200,689,079
70$423,959,146$53,555,718$28,176,294$219,563,766
71$467,115,825$56,092,794$29,033,045$240,295,790
72$514,671,739$58,751,440$29,915,752$263,071,590
73$567,075,524$61,537,529$30,825,198$288,096,486
74$624,821,574$64,457,215$31,762,189$315,596,597
75$688,454,709$67,516,952$32,727,556$345,820,954
76$758,575,315$70,723,509$33,722,155$379,043,833
77$835,845,017$74,083,981$34,746,867$415,567,319
78$920,992,922$77,605,809$35,802,600$455,724,137
79$1,014,822,502$81,296,796$36,890,290$499,880,771
80$1,118,219,181$85,165,122$38,010,898$548,440,895
81$1,232,158,692$89,219,367$39,165,417$601,849,160
82$1,357,716,289$93,468,527$40,354,869$660,595,361
83$1,496,076,899$97,922,034$41,580,307$725,219,039
84$1,648,546,309$102,589,780$42,842,813$796,314,535
85$1,816,563,490$107,482,136$44,143,504$874,536,579
86$2,001,714,185$112,609,980$45,483,531$960,606,431
87$2,205,745,879$117,984,716$46,864,077$1,055,318,658
88$2,430,584,297$123,618,306$48,286,361$1,159,548,599
89$2,678,351,582$129,523,289$49,751,641$1,274,260,590
90$2,951,386,333$135,712,820$51,261,210$1,400,517,029
91$3,252,265,679$142,200,688$52,816,401$1,539,488,365
92$3,583,829,613$149,001,357$54,418,586$1,692,464,102
93$3,949,207,803$156,129,993$56,069,178$1,860,864,927
94$4,351,849,137$163,602,500$57,769,633$2,046,256,076
95$4,795,554,284$171,435,558$59,521,451$2,250,362,063
96$5,284,511,577$179,646,656$61,326,175$2,475,082,900
97$5,823,336,553$188,254,137$63,185,397$2,722,511,990
98$6,417,115,527$197,277,236$65,100,754$2,994,955,824
99$7,071,453,614$206,736,124$67,073,932$3,294,955,701
100$7,792,527,644$216,651,955$69,106,670$3,625,311,654