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%
1 years$685,406$679,301$673,344$667,531$661,854$656,308
2 years$339,310$332,991$326,866$320,928$315,168$309,579
3 years$223,960$217,613$211,504$205,622$199,956$194,496
4 years$166,296$159,969$153,921$148,139$142,610$137,322
5 years$131,707$125,417$119,449$113,785$108,410$103,309
6 years$108,655$102,413$96,532$90,995$85,781$80,874
7 years$92,195$86,006$80,219$74,812$69,763$65,052
8 years$79,857$73,723$68,032$62,758$57,875$53,360
9 years$70,265$64,189$58,596$53,456$48,739$44,418
10 years$62,596$56,580$51,085$46,079$41,528$37,399
11 years$56,325$50,370$44,975$40,103$35,716$31,775
12 years$51,104$45,209$39,914$35,176$30,950$27,195
13 years$46,689$40,856$35,660$31,055$26,989$23,415
14 years$42,908$37,137$32,041$27,567$23,659$20,261
15 years$39,634$33,925$28,929$24,585$20,831$17,605
16 years$36,772$31,126$26,228$22,013$18,411$15,351
17 years$34,250$28,665$23,867$19,779$16,324$13,426
18 years$32,010$26,488$21,787$17,824$14,515$11,772
19 years$30,008$24,549$19,945$16,106$12,937$10,345
20 years$28,209$22,812$18,305$14,587$11,556$9,109
21 years$26,583$21,249$16,837$13,239$10,341$8,033
22 years$25,107$19,835$15,518$12,037$9,269$7,095
23 years$23,762$18,551$14,328$10,962$8,321$6,274
24 years$22,530$17,381$13,251$9,998$7,479$5,555
25 years$21,399$16,311$12,273$9,131$6,730$4,922
26 years$20,356$15,330$11,382$8,349$6,062$4,366
27 years$19,392$14,427$10,570$7,642$5,465$3,875
28 years$18,499$13,595$9,826$7,002$4,931$3,442
29 years$17,669$12,825$9,144$6,421$4,453$3,059
30 years$16,895$12,112$8,517$5,893$4,024$2,720
31 years$16,173$11,450$7,940$5,412$3,638$2,419
32 years$15,497$10,834$7,408$4,974$3,291$2,153
33 years$14,864$10,260$6,917$4,574$2,978$1,917
34 years$14,269$9,724$6,463$4,208$2,696$1,707
35 years$13,710$9,223$6,042$3,874$2,442$1,520
36 years$13,182$8,754$5,653$3,568$2,213$1,355
37 years$12,685$8,314$5,291$3,287$2,005$1,207
38 years$12,214$7,902$4,955$3,030$1,818$1,076
39 years$11,769$7,514$4,642$2,794$1,649$960
40 years$11,347$7,149$4,351$2,577$1,495$856
41 years$10,947$6,805$4,080$2,377$1,357$763
42 years$10,567$6,481$3,827$2,194$1,231$681
43 years$10,206$6,175$3,591$2,025$1,117$607
44 years$9,862$5,886$3,371$1,870$1,014$542
45 years$9,534$5,613$3,165$1,727$921$483
46 years$9,221$5,354$2,973$1,595$836$431
47 years$8,923$5,110$2,793$1,474$759$385
48 years$8,637$4,878$2,624$1,362$689$343
49 years$8,365$4,658$2,467$1,259$626$306
50 years$8,104$4,450$2,319$1,163$569$273

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 $4,092 every year, while hoping to spend $23,625 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: 47/41/12 Blend
29$8,300,000$8,300,000$8,300,000$8,300,000
30$9,150,821$8,710,921$8,582,271$9,550,125
31$10,059,068$9,112,619$8,844,640$10,227,963
32$11,059,164$9,533,209$9,115,007$10,960,433
33$12,160,453$9,973,591$9,393,614$11,754,850
34$13,373,232$10,434,709$9,680,713$12,616,985
35$14,708,845$10,917,553$9,976,560$13,553,172
36$16,179,794$11,423,160$10,281,421$14,570,366
37$17,799,855$11,952,616$10,595,571$15,676,202
38$19,584,208$12,507,063$10,919,291$16,879,068
39$21,549,582$13,087,694$11,252,871$18,188,179
40$23,714,409$13,695,760$11,596,612$19,613,657
41$26,099,002$14,332,576$11,950,822$21,166,625
42$28,725,743$14,999,515$12,315,818$22,859,308
43$31,619,299$15,698,021$12,691,927$24,705,142
44$34,806,848$16,429,605$13,079,488$26,718,896
45$38,318,342$17,195,851$13,478,846$28,916,808
46$42,186,786$17,998,421$13,890,361$31,316,731
47$46,448,551$18,839,056$14,314,401$33,938,299
48$51,143,715$19,719,582$14,751,345$36,803,101
49$56,316,445$20,641,912$15,201,585$39,934,885
50$62,015,409$21,608,053$15,665,525$43,359,771
51$68,294,240$22,620,107$16,143,580$47,106,494
52$75,212,039$23,680,279$16,636,177$51,206,667
53$82,833,935$24,790,881$17,143,757$55,695,070
54$91,231,698$25,954,336$17,666,774$60,609,975
55$100,484,418$27,173,184$18,205,697$65,993,497
56$110,679,247$28,450,089$18,761,007$71,891,981
57$121,912,230$29,787,843$19,333,201$78,356,434
58$134,289,204$31,189,374$19,922,789$85,442,996
59$147,926,800$32,657,750$20,530,300$93,213,462
60$162,953,543$34,196,190$21,156,275$101,735,851
61$179,511,068$35,808,067$21,801,273$111,085,040
62$197,755,453$37,496,918$22,465,872$121,343,463
63$217,858,694$39,266,452$23,150,664$132,601,872
64$240,010,330$41,120,557$23,856,260$144,960,184
65$264,419,229$43,063,309$24,583,290$158,528,413
66$291,315,563$45,098,984$25,332,403$173,427,692
67$320,952,979$47,232,062$26,104,266$189,791,406
68$353,610,992$49,467,243$26,899,569$207,766,434
69$389,597,628$51,809,453$27,719,020$227,514,522
70$429,252,329$54,263,859$28,563,349$249,213,791
71$472,949,154$56,835,876$29,433,309$273,060,408
72$521,100,318$59,531,184$30,329,675$299,270,411
73$574,160,077$62,355,738$31,253,246$328,081,740
74$632,629,018$65,315,783$32,204,843$359,756,456
75$697,058,787$68,417,865$33,185,314$394,583,199
76$768,057,293$71,668,850$34,195,531$432,879,892
77$846,294,449$75,075,936$35,236,394$474,996,717
78$932,508,498$78,646,672$36,308,828$521,319,399
79$1,027,512,978$82,388,972$37,413,787$572,272,828
80$1,132,204,406$86,311,136$38,552,254$628,325,035
81$1,247,570,741$90,421,867$39,725,239$689,991,593
82$1,374,700,709$94,730,291$40,933,787$757,840,452
83$1,514,794,082$99,245,976$42,178,970$832,497,270
84$1,669,173,008$103,978,958$43,461,895$914,651,294
85$1,839,294,487$108,939,759$44,783,701$1,005,061,829
86$2,026,764,130$114,139,413$46,145,560$1,104,565,378
87$2,233,351,318$119,589,491$47,548,683$1,214,083,499
88$2,461,005,902$125,302,126$48,994,313$1,334,631,472
89$2,711,876,615$131,290,041$50,483,734$1,467,327,844
90$2,988,331,356$137,566,580$52,018,266$1,613,404,947
91$3,292,979,546$144,145,734$53,599,269$1,774,220,490
92$3,628,696,761$151,042,175$55,228,146$1,951,270,335
93$3,998,651,880$158,271,292$56,906,338$2,146,202,568
94$4,406,337,005$165,849,218$58,635,334$2,360,833,012
95$4,855,600,426$173,792,876$60,416,664$2,597,162,319
96$5,350,682,953$182,120,011$62,251,906$2,857,394,802
97$5,896,257,953$190,849,230$64,142,683$3,143,959,190
98$6,497,475,471$200,000,049$66,090,670$3,459,531,498
99$7,160,010,851$209,592,933$68,097,589$3,807,060,231
100$7,890,118,315$219,649,345$70,165,216$4,189,794,150