Can I retire at age 30 with 8,300,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $8,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$685,406$679,301$673,344$667,531$661,854$643,506
2 years$339,310$332,991$326,866$320,928$315,168$296,820
3 years$223,960$217,613$211,504$205,622$199,956$182,181
4 years$166,296$159,969$153,921$148,139$142,610$125,546
5 years$131,707$125,417$119,449$113,785$108,410$92,104
6 years$108,655$102,413$96,532$90,995$85,781$70,248
7 years$92,195$86,006$80,219$74,812$69,763$55,003
8 years$79,857$73,723$68,032$62,758$57,875$43,880
9 years$70,265$64,189$58,596$53,456$48,739$35,496
10 years$62,596$56,580$51,085$46,079$41,528$29,020
11 years$56,325$50,370$44,975$40,103$35,716$23,922
12 years$51,104$45,209$39,914$35,176$30,950$19,850
13 years$46,689$40,856$35,660$31,055$26,989$16,557
14 years$42,908$37,137$32,041$27,567$23,659$13,870
15 years$39,634$33,925$28,929$24,585$20,831$11,660
16 years$36,772$31,126$26,228$22,013$18,411$9,830
17 years$34,250$28,665$23,867$19,779$16,324$8,308
18 years$32,010$26,488$21,787$17,824$14,515$7,035
19 years$30,008$24,549$19,945$16,106$12,937$5,967
20 years$28,209$22,812$18,305$14,587$11,556$5,069
21 years$26,583$21,249$16,837$13,239$10,341$4,311
22 years$25,107$19,835$15,518$12,037$9,269$3,670
23 years$23,762$18,551$14,328$10,962$8,321$3,126
24 years$22,530$17,381$13,251$9,998$7,479$2,666
25 years$21,399$16,311$12,273$9,131$6,730$2,274
26 years$20,356$15,330$11,382$8,349$6,062$1,941
27 years$19,392$14,427$10,570$7,642$5,465$1,658
28 years$18,499$13,595$9,826$7,002$4,931$1,416
29 years$17,669$12,825$9,144$6,421$4,453$1,210
30 years$16,895$12,112$8,517$5,893$4,024$1,034
31 years$16,173$11,450$7,940$5,412$3,638$884
32 years$15,497$10,834$7,408$4,974$3,291$756
33 years$14,864$10,260$6,917$4,574$2,978$647
34 years$14,269$9,724$6,463$4,208$2,696$553
35 years$13,710$9,223$6,042$3,874$2,442$473
36 years$13,182$8,754$5,653$3,568$2,213$405
37 years$12,685$8,314$5,291$3,287$2,005$347
38 years$12,214$7,902$4,955$3,030$1,818$297
39 years$11,769$7,514$4,642$2,794$1,649$254
40 years$11,347$7,149$4,351$2,577$1,495$217
41 years$10,947$6,805$4,080$2,377$1,357$186
42 years$10,567$6,481$3,827$2,194$1,231$159
43 years$10,206$6,175$3,591$2,025$1,117$136
44 years$9,862$5,886$3,371$1,870$1,014$117
45 years$9,534$5,613$3,165$1,727$921$100
46 years$9,221$5,354$2,973$1,595$836$85
47 years$8,923$5,110$2,793$1,474$759$73
48 years$8,637$4,878$2,624$1,362$689$63
49 years$8,365$4,658$2,467$1,259$626$54
50 years$8,104$4,450$2,319$1,163$569$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $8,300,000, adding $4,106 every year, while hoping to spend $50,024 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: 55/29/16 Blend
29$8,300,000$8,300,000$8,300,000$8,300,000
30$9,150,835$8,710,935$8,582,285$9,615,121
31$10,030,995$9,084,546$8,816,567$10,305,331
32$10,999,255$9,474,787$9,057,020$11,050,797
33$12,064,548$9,882,420$9,303,799$11,861,415
34$13,236,717$10,308,244$9,557,061$12,743,421
35$14,526,607$10,753,093$9,816,968$13,703,668
36$15,946,168$11,217,841$10,083,683$14,749,693
37$17,508,566$11,703,405$10,357,375$15,889,781
38$19,228,309$12,210,741$10,638,217$17,133,047
39$21,121,383$12,740,854$10,926,384$18,489,514
40$23,205,402$13,294,793$11,222,055$19,970,207
41$25,499,774$13,873,659$11,525,415$21,587,254
42$28,025,886$14,478,604$11,836,652$23,354,000
43$30,807,303$15,110,832$12,155,957$25,285,125
44$33,869,993$15,771,607$12,483,525$27,396,787
45$37,242,567$16,462,251$12,819,559$29,706,761
46$40,956,556$17,184,148$13,164,261$32,234,614
47$45,046,702$17,938,749$13,517,841$35,001,878
48$49,551,289$18,727,571$13,880,512$38,032,256
49$54,512,503$19,552,205$14,252,492$41,351,835
50$59,976,831$20,414,316$14,634,003$44,989,335
51$65,995,499$21,315,648$15,025,273$48,976,373
52$72,624,952$22,258,027$15,426,532$53,347,754
53$79,927,395$23,243,368$15,838,018$58,141,802
54$87,971,369$24,273,673$16,259,972$63,400,709
55$96,832,407$25,351,041$16,692,640$69,170,935
56$106,593,742$26,477,672$17,136,272$75,503,639
57$117,347,093$27,655,867$17,591,126$82,455,153
58$129,193,530$28,888,038$18,057,463$90,087,515
59$142,244,430$30,176,712$18,535,548$98,469,043
60$156,622,527$31,524,536$19,025,654$107,674,975
61$172,463,068$32,934,281$19,528,057$117,788,175
62$189,915,093$34,408,853$20,043,039$128,899,906
63$209,142,840$35,951,295$20,570,888$141,110,686
64$230,327,294$37,564,792$21,111,897$154,531,229
65$253,667,896$39,252,685$21,666,364$169,283,482
66$279,384,428$41,018,473$22,234,593$185,501,769
67$307,719,081$42,865,820$22,816,894$203,334,048
68$338,938,748$44,798,566$23,413,581$222,943,305
69$373,337,540$46,820,735$24,024,975$244,509,076
70$411,239,560$48,936,542$24,651,402$268,229,139
71$453,001,966$51,150,403$25,293,195$294,321,364
72$499,018,341$53,466,947$25,950,692$323,025,767
73$549,722,406$55,891,022$26,624,234$354,606,758
74$605,592,118$58,427,709$27,314,173$389,355,631
75$667,154,179$61,082,331$28,020,862$427,593,298
76$734,989,007$63,860,468$28,744,663$469,673,309
77$809,736,218$66,767,963$29,485,942$515,985,173
78$892,100,663$69,810,944$30,245,071$566,958,026
79$982,859,078$72,995,828$31,022,429$623,064,664
80$1,082,867,423$76,329,342$31,818,399$684,825,994
81$1,193,068,955$79,818,535$32,633,370$752,815,933
82$1,314,503,139$83,470,793$33,467,738$827,666,815
83$1,448,315,455$87,293,858$34,321,904$910,075,336
84$1,595,768,217$91,295,843$35,196,274$1,000,809,122
85$1,758,252,486$95,485,250$36,091,259$1,100,713,947
86$1,937,301,201$99,870,989$37,007,278$1,210,721,709
87$2,134,603,654$104,462,398$37,944,753$1,331,859,198
88$2,352,021,436$109,269,265$38,904,111$1,465,257,773
89$2,591,606,011$114,301,847$39,885,787$1,612,164,018
90$2,855,618,081$119,570,894$40,890,218$1,773,951,490
91$3,146,548,933$125,087,675$41,917,847$1,952,133,659
92$3,467,143,952$130,864,000$42,969,123$2,148,378,170
93$3,820,428,545$136,912,245$44,044,499$2,364,522,564
94$4,209,736,697$143,245,386$45,144,430$2,602,591,592
95$4,638,742,451$149,877,020$46,269,379$2,864,816,306
96$5,111,494,588$156,821,402$47,419,811$3,153,655,086
97$5,632,454,857$164,093,472$48,596,195$3,471,816,820
98$6,206,540,089$171,708,889$49,799,005$3,822,286,445
99$6,839,168,623$179,684,069$51,028,716$4,208,353,087
100$7,536,311,452$188,036,218$52,285,808$4,633,641,081