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%20%
1 years$685,406$679,301$673,344$667,531$661,854$635,343
2 years$339,310$332,991$326,866$320,928$315,168$288,792
3 years$223,960$217,613$211,504$205,622$199,956$174,545
4 years$166,296$159,969$153,921$148,139$142,610$118,357
5 years$131,707$125,417$119,449$113,785$108,410$85,377
6 years$108,655$102,413$96,532$90,995$85,781$63,983
7 years$92,195$86,006$80,219$74,812$69,763$49,191
8 years$79,857$73,723$68,032$62,758$57,875$38,508
9 years$70,265$64,189$58,596$53,456$48,739$30,547
10 years$62,596$56,580$51,085$46,079$41,528$24,475
11 years$56,325$50,370$44,975$40,103$35,716$19,762
12 years$51,104$45,209$39,914$35,176$30,950$16,052
13 years$46,689$40,856$35,660$31,055$26,989$13,101
14 years$42,908$37,137$32,041$27,567$23,659$10,733
15 years$39,634$33,925$28,929$24,585$20,831$8,820
16 years$36,772$31,126$26,228$22,013$18,411$7,266
17 years$34,250$28,665$23,867$19,779$16,324$5,998
18 years$32,010$26,488$21,787$17,824$14,515$4,959
19 years$30,008$24,549$19,945$16,106$12,937$4,106
20 years$28,209$22,812$18,305$14,587$11,556$3,403
21 years$26,583$21,249$16,837$13,239$10,341$2,823
22 years$25,107$19,835$15,518$12,037$9,269$2,344
23 years$23,762$18,551$14,328$10,962$8,321$1,947
24 years$22,530$17,381$13,251$9,998$7,479$1,619
25 years$21,399$16,311$12,273$9,131$6,730$1,346
26 years$20,356$15,330$11,382$8,349$6,062$1,120
27 years$19,392$14,427$10,570$7,642$5,465$932
28 years$18,499$13,595$9,826$7,002$4,931$776
29 years$17,669$12,825$9,144$6,421$4,453$646
30 years$16,895$12,112$8,517$5,893$4,024$538
31 years$16,173$11,450$7,940$5,412$3,638$448
32 years$15,497$10,834$7,408$4,974$3,291$373
33 years$14,864$10,260$6,917$4,574$2,978$311
34 years$14,269$9,724$6,463$4,208$2,696$259
35 years$13,710$9,223$6,042$3,874$2,442$215
36 years$13,182$8,754$5,653$3,568$2,213$180
37 years$12,685$8,314$5,291$3,287$2,005$150
38 years$12,214$7,902$4,955$3,030$1,818$125
39 years$11,769$7,514$4,642$2,794$1,649$104
40 years$11,347$7,149$4,351$2,577$1,495$87
41 years$10,947$6,805$4,080$2,377$1,357$72
42 years$10,567$6,481$3,827$2,194$1,231$60
43 years$10,206$6,175$3,591$2,025$1,117$50
44 years$9,862$5,886$3,371$1,870$1,014$42
45 years$9,534$5,613$3,165$1,727$921$35
46 years$9,221$5,354$2,973$1,595$836$29
47 years$8,923$5,110$2,793$1,474$759$24
48 years$8,637$4,878$2,624$1,362$689$20
49 years$8,365$4,658$2,467$1,259$626$17
50 years$8,104$4,450$2,319$1,163$569$14

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 $2,049 every year, while hoping to spend $43,885 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: 40/48/12 Blend
29$8,300,000$8,300,000$8,300,000$8,300,000
30$9,148,714$8,708,814$8,580,164$9,481,782
31$10,035,189$9,088,852$8,820,906$10,097,090
32$11,010,614$9,486,042$9,068,242$10,757,825
33$12,084,016$9,901,176$9,322,347$11,471,627
34$13,265,339$10,335,088$9,583,399$12,243,320
35$14,565,543$10,788,647$9,851,582$13,078,196
36$15,996,703$11,262,765$10,127,085$13,982,061
37$17,572,123$11,758,397$10,410,099$14,961,284
38$19,306,465$12,276,544$10,700,822$16,022,856
39$21,215,882$12,818,252$10,999,458$17,174,449
40$23,318,174$13,384,619$11,306,212$18,424,489
41$25,632,956$13,976,793$11,621,298$19,782,227
42$28,181,841$14,595,979$11,944,935$21,257,822
43$30,988,642$15,243,436$12,277,344$22,862,434
44$34,079,603$15,920,484$12,618,754$24,608,325
45$37,483,641$16,628,506$12,969,401$26,508,966
46$41,232,621$17,368,951$13,329,524$28,579,162
47$45,361,654$18,143,335$13,699,369$30,835,186
48$49,909,432$18,953,248$14,079,188$33,294,925
49$54,918,593$19,800,356$14,469,238$35,978,042
50$60,436,117$20,686,400$14,869,785$38,906,160
51$66,513,777$21,613,210$15,281,099$42,103,052
52$73,208,623$22,582,699$15,703,457$45,594,865
53$80,583,523$23,596,871$16,137,143$49,410,355
54$88,707,752$24,657,828$16,582,448$53,581,154
55$97,657,651$25,767,770$17,039,668$58,142,057
56$107,517,344$26,929,003$17,509,109$63,131,345
57$118,379,531$28,143,942$17,991,083$68,591,137
58$130,346,368$29,415,120$18,485,909$74,567,775
59$143,530,424$30,745,187$18,993,913$81,112,257
60$158,055,748$32,136,922$19,515,430$88,280,704
61$174,059,040$33,593,237$20,050,802$96,134,883
62$191,690,938$35,117,181$20,600,380$104,742,774
63$211,117,443$36,711,953$21,164,522$114,179,204
64$232,521,483$38,380,899$21,743,595$124,526,541
65$256,104,642$40,127,531$22,337,973$135,875,456
66$282,089,061$41,955,526$22,948,041$148,325,769
67$310,719,537$43,868,738$23,574,191$161,987,376
68$342,265,828$45,871,205$24,216,826$176,981,270
69$377,025,208$47,967,159$24,876,354$193,440,671
70$415,325,265$50,161,036$25,553,198$211,512,265
71$457,526,997$52,457,482$26,247,785$231,357,575
72$504,028,220$54,861,368$26,960,556$253,154,464
73$555,267,323$57,377,799$27,691,958$277,098,801
74$611,727,403$60,012,124$28,442,452$303,406,286
75$673,940,830$62,769,950$29,212,506$332,314,469
76$742,494,269$65,657,152$30,002,600$364,084,969
77$818,034,220$68,679,889$30,813,223$399,005,927
78$901,273,121$71,844,614$31,644,876$437,394,698
79$992,996,071$75,158,092$32,498,071$479,600,821
80$1,094,068,245$78,627,412$33,373,331$526,009,303
81$1,205,443,057$82,260,007$34,271,189$577,044,216
82$1,328,171,166$86,063,664$35,192,190$633,172,680
83$1,463,410,388$90,046,547$36,136,892$694,909,241
84$1,612,436,632$94,217,212$37,105,863$762,820,699
85$1,776,655,943$98,584,630$38,099,683$837,531,427
86$1,957,617,773$103,158,200$39,118,946$919,729,232
87$2,157,029,611$107,947,778$40,164,256$1,010,171,811
88$2,376,773,104$112,963,691$41,236,232$1,109,693,873
89$2,618,921,817$118,216,769$42,335,502$1,219,214,975
90$2,885,760,812$123,718,359$43,462,710$1,339,748,169
91$3,179,808,216$129,480,361$44,618,512$1,472,409,516
92$3,503,838,999$135,515,244$45,803,578$1,618,428,588
93$3,860,911,168$141,836,082$47,018,589$1,779,160,021
94$4,254,394,637$148,456,579$48,264,241$1,956,096,260
95$4,688,003,042$155,391,103$49,541,245$2,150,881,599
96$5,165,828,798$162,654,713$50,850,323$2,365,327,649
97$5,692,381,739$170,263,198$52,192,212$2,601,430,386
98$6,272,631,690$178,233,108$53,567,665$2,861,388,935
99$6,912,055,387$186,581,795$54,977,446$3,147,626,276
100$7,616,688,182$195,327,448$56,422,336$3,462,812,046