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%18.6%
1 years$677,148$671,117$665,232$659,488$653,880$631,182
2 years$335,222$328,979$322,928$317,062$311,371$288,738
3 years$221,261$214,991$208,956$203,144$197,547$175,690
4 years$164,292$158,041$152,066$146,354$140,892$119,978
5 years$130,120$123,906$118,010$112,414$107,104$87,188
6 years$107,345$101,179$95,369$89,898$84,748$65,845
7 years$91,085$84,970$79,252$73,910$68,922$51,030
8 years$78,894$72,835$67,212$62,002$57,178$40,281
9 years$69,418$63,416$57,890$52,812$48,152$32,230
10 years$61,842$55,898$50,470$45,524$41,028$26,053
11 years$55,647$49,763$44,433$39,620$35,285$21,229
12 years$50,488$44,664$39,433$34,752$30,578$17,406
13 years$46,126$40,363$35,231$30,681$26,664$14,342
14 years$42,391$36,689$31,655$27,235$23,374$11,866
15 years$39,156$33,516$28,580$24,289$20,580$9,849
16 years$36,329$30,751$25,912$21,748$18,189$8,196
17 years$33,837$28,320$23,579$19,540$16,127$6,836
18 years$31,624$26,169$21,525$17,610$14,340$5,712
19 years$29,647$24,253$19,705$15,912$12,781$4,780
20 years$27,869$22,537$18,084$14,411$11,416$4,004
21 years$26,263$20,993$16,634$13,079$10,216$3,358
22 years$24,805$19,596$15,331$11,892$9,158$2,819
23 years$23,475$18,328$14,155$10,830$8,220$2,368
24 years$22,259$17,172$13,091$9,878$7,389$1,990
25 years$21,141$16,115$12,125$9,021$6,649$1,674
26 years$20,111$15,145$11,245$8,248$5,989$1,408
27 years$19,159$14,254$10,442$7,550$5,400$1,185
28 years$18,276$13,431$9,707$6,917$4,872$998
29 years$17,456$12,671$9,034$6,343$4,399$840
30 years$16,692$11,966$8,414$5,822$3,975$708
31 years$15,978$11,312$7,845$5,347$3,594$596
32 years$15,311$10,703$7,319$4,914$3,251$502
33 years$14,685$10,136$6,834$4,519$2,942$423
34 years$14,097$9,607$6,385$4,157$2,664$357
35 years$13,544$9,112$5,970$3,827$2,413$300
36 years$13,023$8,649$5,585$3,525$2,186$253
37 years$12,532$8,214$5,227$3,248$1,981$213
38 years$12,067$7,806$4,895$2,993$1,796$180
39 years$11,627$7,423$4,586$2,760$1,629$152
40 years$11,211$7,062$4,298$2,546$1,477$128
41 years$10,815$6,723$4,031$2,349$1,340$108
42 years$10,440$6,403$3,781$2,168$1,216$91
43 years$10,083$6,100$3,548$2,001$1,104$77
44 years$9,743$5,815$3,330$1,848$1,002$65
45 years$9,419$5,545$3,127$1,706$910$54
46 years$9,110$5,290$2,937$1,576$826$46
47 years$8,815$5,048$2,759$1,456$750$39
48 years$8,533$4,819$2,593$1,346$681$33
49 years$8,264$4,602$2,437$1,244$619$28
50 years$8,006$4,396$2,291$1,149$562$23

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 $2,862 every year, while hoping to spend $22,698 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: 61/29/10 Blend
29$8,200,000$8,200,000$8,200,000$8,200,000
30$9,039,352$8,604,752$8,477,652$9,570,015
31$9,937,216$9,002,235$8,737,503$10,323,512
32$10,925,900$9,418,433$9,005,298$11,142,475
33$12,014,646$9,854,240$9,281,280$12,035,514
34$13,213,635$10,310,592$9,565,697$13,009,784
35$14,534,085$10,788,471$9,858,808$14,073,153
36$15,988,360$11,288,905$10,160,876$15,234,270
37$17,590,083$11,812,971$10,472,176$16,502,650
38$19,354,266$12,361,801$10,792,988$17,888,757
39$21,297,449$12,936,578$11,123,601$19,404,101
40$23,437,863$13,538,543$11,464,316$21,061,345
41$25,795,593$14,169,000$11,815,438$22,874,418
42$28,392,774$14,829,312$12,177,286$24,858,648
43$31,253,798$15,520,909$12,550,186$27,030,900
44$34,405,542$16,245,290$12,934,474$29,409,734
45$37,877,625$17,004,027$13,330,497$32,015,574
46$41,702,687$17,798,769$13,738,612$34,870,897
47$45,916,694$18,631,241$14,159,189$38,000,446
48$50,559,280$19,503,255$14,592,604$41,431,454
49$55,674,120$20,416,709$15,039,251$45,193,898
50$61,309,345$21,373,592$15,499,530$49,320,778
51$67,517,992$22,375,991$15,973,858$53,848,426
52$74,358,506$23,426,094$16,462,661$58,816,838
53$81,895,293$24,526,192$16,966,380$64,270,054
54$90,199,327$25,678,690$17,485,468$70,256,561
55$99,348,821$26,886,108$18,020,394$76,829,751
56$109,429,961$28,151,088$18,571,637$84,048,413
57$120,537,726$29,476,400$19,139,696$91,977,289
58$132,776,779$30,864,949$19,725,081$100,687,671
59$146,262,458$32,319,779$20,328,319$110,258,073
60$161,121,864$33,844,082$20,949,952$120,774,961
61$177,495,058$35,441,207$21,590,540$132,333,565
62$195,536,390$37,114,662$22,250,658$145,038,768
63$215,415,948$38,868,126$22,930,901$159,006,088
64$237,321,168$40,705,458$23,631,880$174,362,759
65$261,458,603$42,630,702$24,354,225$191,248,928
66$288,055,874$44,648,099$25,098,584$209,818,961
67$317,363,813$46,762,096$25,865,627$230,242,897
68$349,658,839$48,977,356$26,656,043$252,708,038
69$385,245,561$51,298,767$27,470,541$277,420,711
70$424,459,657$53,731,455$28,309,852$304,608,198
71$467,671,040$56,280,794$29,174,730$334,520,877
72$515,287,354$58,952,421$30,065,952$367,434,569
73$567,757,819$61,752,245$30,984,316$403,653,129
74$625,577,473$64,686,461$31,930,647$443,511,301
75$689,291,845$67,761,567$32,905,793$487,377,866
76$759,502,105$70,984,375$33,910,629$535,659,104
77$836,870,740$74,362,030$34,946,055$588,802,621
78$922,127,807$77,902,021$36,013,000$647,301,549
79$1,016,077,827$81,612,204$37,112,419$711,699,192
80$1,119,607,378$85,500,815$38,245,298$782,594,133
81$1,233,693,467$89,576,491$39,412,651$860,645,868
82$1,359,412,749$93,848,288$40,615,524$946,581,011
83$1,497,951,699$98,325,703$41,854,993$1,041,200,132
84$1,650,617,805$103,018,696$43,132,168$1,145,385,298
85$1,818,851,918$107,937,708$44,448,193$1,260,108,371
86$2,004,241,849$113,093,692$45,804,243$1,386,440,165
87$2,208,537,366$118,498,131$47,201,533$1,525,560,525
88$2,433,666,705$124,163,067$48,641,312$1,678,769,445
89$2,681,754,779$130,101,128$50,124,867$1,847,499,309
90$2,955,143,241$136,325,557$51,653,524$2,033,328,388
91$3,256,412,584$142,850,242$53,228,650$2,237,995,708
92$3,588,406,510$149,689,746$54,851,651$2,463,417,437
93$3,954,258,771$156,859,340$56,523,978$2,711,704,944
94$4,357,422,758$164,375,041$58,247,124$2,985,184,693
95$4,801,704,105$172,253,643$60,022,628$3,286,420,176
96$5,291,296,611$180,512,760$61,852,074$3,618,236,072
97$5,830,821,843$189,170,862$63,737,096$3,983,744,877
98$6,425,372,756$198,247,320$65,679,374$4,386,376,245
99$7,080,561,786$207,762,447$67,680,642$4,829,909,328
100$7,802,573,829$217,737,548$69,742,684$5,318,508,401