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

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 $8,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$685,406$679,301$673,344$667,531$661,854$655,214
2 years$339,310$332,991$326,866$320,928$315,168$308,481
3 years$223,960$217,613$211,504$205,622$199,956$193,428
4 years$166,296$159,969$153,921$148,139$142,610$136,293
5 years$131,707$125,417$119,449$113,785$108,410$102,321
6 years$108,655$102,413$96,532$90,995$85,781$79,928
7 years$92,195$86,006$80,219$74,812$69,763$64,148
8 years$79,857$73,723$68,032$62,758$57,875$52,499
9 years$70,265$64,189$58,596$53,456$48,739$43,599
10 years$62,596$56,580$51,085$46,079$41,528$36,621
11 years$56,325$50,370$44,975$40,103$35,716$31,038
12 years$51,104$45,209$39,914$35,176$30,950$26,497
13 years$46,689$40,856$35,660$31,055$26,989$22,755
14 years$42,908$37,137$32,041$27,567$23,659$19,638
15 years$39,634$33,925$28,929$24,585$20,831$17,018
16 years$36,772$31,126$26,228$22,013$18,411$14,798
17 years$34,250$28,665$23,867$19,779$16,324$12,906
18 years$32,010$26,488$21,787$17,824$14,515$11,285
19 years$30,008$24,549$19,945$16,106$12,937$9,888
20 years$28,209$22,812$18,305$14,587$11,556$8,681
21 years$26,583$21,249$16,837$13,239$10,341$7,633
22 years$25,107$19,835$15,518$12,037$9,269$6,722
23 years$23,762$18,551$14,328$10,962$8,321$5,926
24 years$22,530$17,381$13,251$9,998$7,479$5,230
25 years$21,399$16,311$12,273$9,131$6,730$4,620
26 years$20,356$15,330$11,382$8,349$6,062$4,085
27 years$19,392$14,427$10,570$7,642$5,465$3,614
28 years$18,499$13,595$9,826$7,002$4,931$3,200
29 years$17,669$12,825$9,144$6,421$4,453$2,834
30 years$16,895$12,112$8,517$5,893$4,024$2,512
31 years$16,173$11,450$7,940$5,412$3,638$2,227
32 years$15,497$10,834$7,408$4,974$3,291$1,976
33 years$14,864$10,260$6,917$4,574$2,978$1,753
34 years$14,269$9,724$6,463$4,208$2,696$1,556
35 years$13,710$9,223$6,042$3,874$2,442$1,381
36 years$13,182$8,754$5,653$3,568$2,213$1,227
37 years$12,685$8,314$5,291$3,287$2,005$1,090
38 years$12,214$7,902$4,955$3,030$1,818$968
39 years$11,769$7,514$4,642$2,794$1,649$860
40 years$11,347$7,149$4,351$2,577$1,495$764
41 years$10,947$6,805$4,080$2,377$1,357$679
42 years$10,567$6,481$3,827$2,194$1,231$604
43 years$10,206$6,175$3,591$2,025$1,117$537
44 years$9,862$5,886$3,371$1,870$1,014$477
45 years$9,534$5,613$3,165$1,727$921$424
46 years$9,221$5,354$2,973$1,595$836$377
47 years$8,923$5,110$2,793$1,474$759$335
48 years$8,637$4,878$2,624$1,362$689$298
49 years$8,365$4,658$2,467$1,259$626$265
50 years$8,104$4,450$2,319$1,163$569$236

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 $4,704 every year, while hoping to spend $25,773 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: 67/22/11 Blend
29$8,300,000$8,300,000$8,300,000$8,300,000
30$9,151,452$8,711,552$8,582,902$9,742,681
31$10,057,478$9,110,996$8,843,007$10,536,062
32$11,055,055$9,529,149$9,110,962$11,399,648
33$12,153,493$9,966,900$9,387,002$12,343,149
34$13,363,053$10,425,182$9,671,370$13,374,382
35$14,695,041$10,904,972$9,964,317$14,501,950
36$16,161,913$11,407,293$10,266,100$15,735,315
37$17,777,397$11,933,220$10,576,983$17,084,891
38$19,556,620$12,483,876$10,897,241$18,562,138
39$21,516,251$13,060,442$11,227,154$20,179,667
40$23,674,657$13,664,152$11,567,012$21,951,357
41$26,052,079$14,296,302$11,917,113$23,892,486
42$28,670,819$14,958,249$12,277,765$26,019,869
43$31,555,456$15,651,417$12,649,284$28,352,018
44$34,733,073$16,377,297$13,031,996$30,909,311
45$38,233,514$17,137,452$13,426,235$33,714,181
46$42,089,667$17,933,521$13,832,348$36,791,329
47$46,337,772$18,767,222$14,250,690$40,167,949
48$51,017,764$19,640,356$14,681,628$43,873,986
49$56,173,653$20,554,810$15,125,539$47,942,409
50$61,853,932$21,512,562$15,582,812$52,409,527
51$68,112,043$22,515,688$16,053,845$57,315,320
52$75,006,875$23,566,360$16,539,053$62,703,818
53$82,603,322$24,666,858$17,038,858$68,623,510
54$90,972,899$25,819,572$17,553,697$75,127,797
55$100,194,410$27,027,006$18,084,021$82,275,495
56$110,354,696$28,291,785$18,630,292$90,131,380
57$121,549,456$29,616,664$19,192,988$98,766,799
58$133,884,146$31,004,527$19,772,599$108,260,339
59$147,474,980$32,458,399$20,369,632$118,698,559
60$162,450,020$33,981,452$20,984,606$130,176,804
61$178,950,391$35,577,012$21,618,059$142,800,101
62$197,131,609$37,248,564$22,270,543$156,684,141
63$217,165,052$38,999,763$22,942,625$171,956,368
64$239,239,576$40,834,440$23,634,892$188,757,173
65$263,563,298$42,756,613$24,347,946$207,241,211
66$290,365,560$44,770,493$25,082,407$227,578,859
67$319,899,095$46,880,495$25,838,916$249,957,811
68$352,442,413$49,091,249$26,618,129$274,584,845
69$388,302,427$51,407,608$27,420,725$301,687,766
70$427,817,356$53,834,662$28,247,401$331,517,547
71$471,359,912$56,377,747$29,098,875$364,350,691
72$519,340,823$59,042,456$29,975,886$400,491,828
73$572,212,705$61,834,655$30,879,197$440,276,585
74$630,474,342$64,760,493$31,809,591$484,074,742
75$694,675,388$67,826,421$32,767,875$532,293,711
76$765,421,559$71,039,197$33,754,881$585,382,372
77$843,380,352$74,405,912$34,771,464$643,835,296
78$929,287,345$77,933,998$35,818,504$708,197,408
79$1,023,953,140$81,631,250$36,896,910$779,069,109
80$1,128,271,019$85,505,840$38,007,615$857,111,936
81$1,243,225,373$89,566,336$39,151,580$943,054,794
82$1,369,900,998$93,821,723$40,329,795$1,037,700,816
83$1,509,493,336$98,281,424$41,543,280$1,141,934,936
84$1,663,319,760$102,955,317$42,793,083$1,256,732,221
85$1,832,832,009$107,853,761$44,080,284$1,383,167,063
86$2,019,629,896$112,987,618$45,405,997$1,522,423,303
87$2,225,476,413$118,368,279$46,771,365$1,675,805,384
88$2,452,314,368$124,007,686$48,177,567$1,844,750,653
89$2,702,284,735$129,918,364$49,625,817$2,030,842,903
90$2,977,746,860$136,113,446$51,117,364$2,235,827,308
91$3,281,300,738$142,606,702$52,653,493$2,461,626,873
92$3,615,811,558$149,412,575$54,235,530$2,710,360,564
93$3,984,436,752$156,546,207$55,864,836$2,984,363,292
94$4,390,655,808$164,023,479$57,542,815$3,286,207,925
95$4,838,303,113$171,861,041$59,270,911$3,618,729,552
96$5,331,604,155$180,076,357$61,050,612$3,985,052,220
97$5,875,215,419$188,687,739$62,883,447$4,388,618,398
98$6,474,268,342$197,714,388$64,770,993$4,833,221,443
99$7,134,417,764$207,176,444$66,714,872$5,323,041,382
100$7,861,895,309$217,095,023$68,716,754$5,862,684,335