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%15.5%
1 years$685,406$679,301$673,344$667,531$661,854$646,905
2 years$339,310$332,991$326,866$320,928$315,168$300,188
3 years$223,960$217,613$211,504$205,622$199,956$185,411
4 years$166,296$159,969$153,921$148,139$142,610$128,614
5 years$131,707$125,417$119,449$113,785$108,410$95,001
6 years$108,655$102,413$96,532$90,995$85,781$72,974
7 years$92,195$86,006$80,219$74,812$69,763$57,559
8 years$79,857$73,723$68,032$62,758$57,875$46,270
9 years$70,265$64,189$58,596$53,456$48,739$37,725
10 years$62,596$56,580$51,085$46,079$41,528$31,092
11 years$56,325$50,370$44,975$40,103$35,716$25,844
12 years$51,104$45,209$39,914$35,176$30,950$21,628
13 years$46,689$40,856$35,660$31,055$26,989$18,199
14 years$42,908$37,137$32,041$27,567$23,659$15,382
15 years$39,634$33,925$28,929$24,585$20,831$13,049
16 years$36,772$31,126$26,228$22,013$18,411$11,104
17 years$34,250$28,665$23,867$19,779$16,324$9,473
18 years$32,010$26,488$21,787$17,824$14,515$8,099
19 years$30,008$24,549$19,945$16,106$12,937$6,937
20 years$28,209$22,812$18,305$14,587$11,556$5,951
21 years$26,583$21,249$16,837$13,239$10,341$5,111
22 years$25,107$19,835$15,518$12,037$9,269$4,395
23 years$23,762$18,551$14,328$10,962$8,321$3,783
24 years$22,530$17,381$13,251$9,998$7,479$3,259
25 years$21,399$16,311$12,273$9,131$6,730$2,809
26 years$20,356$15,330$11,382$8,349$6,062$2,423
27 years$19,392$14,427$10,570$7,642$5,465$2,091
28 years$18,499$13,595$9,826$7,002$4,931$1,806
29 years$17,669$12,825$9,144$6,421$4,453$1,560
30 years$16,895$12,112$8,517$5,893$4,024$1,347
31 years$16,173$11,450$7,940$5,412$3,638$1,165
32 years$15,497$10,834$7,408$4,974$3,291$1,007
33 years$14,864$10,260$6,917$4,574$2,978$870
34 years$14,269$9,724$6,463$4,208$2,696$753
35 years$13,710$9,223$6,042$3,874$2,442$651
36 years$13,182$8,754$5,653$3,568$2,213$563
37 years$12,685$8,314$5,291$3,287$2,005$487
38 years$12,214$7,902$4,955$3,030$1,818$422
39 years$11,769$7,514$4,642$2,794$1,649$365
40 years$11,347$7,149$4,351$2,577$1,495$316
41 years$10,947$6,805$4,080$2,377$1,357$273
42 years$10,567$6,481$3,827$2,194$1,231$236
43 years$10,206$6,175$3,591$2,025$1,117$205
44 years$9,862$5,886$3,371$1,870$1,014$177
45 years$9,534$5,613$3,165$1,727$921$153
46 years$9,221$5,354$2,973$1,595$836$133
47 years$8,923$5,110$2,793$1,474$759$115
48 years$8,637$4,878$2,624$1,362$689$99
49 years$8,365$4,658$2,467$1,259$626$86
50 years$8,104$4,450$2,319$1,163$569$75

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 $2,541 every year, while hoping to spend $30,286 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: 52/21/27 Blend
29$8,300,000$8,300,000$8,300,000$8,300,000
30$9,149,221$8,709,321$8,580,671$9,555,650
31$10,050,218$9,103,854$8,835,899$10,232,610
32$11,042,101$9,516,703$9,098,663$10,965,342
33$12,134,109$9,948,736$9,369,182$11,761,841
34$13,336,422$10,400,858$9,647,683$12,628,205
35$14,660,256$10,874,019$9,934,401$13,571,136
36$16,117,973$11,369,217$10,229,574$14,598,003
37$17,723,192$11,887,494$10,533,450$15,716,910
38$19,490,920$12,429,944$10,846,283$16,936,768
39$21,437,695$12,997,713$11,168,335$18,267,380
40$23,581,741$13,592,001$11,499,875$19,719,528
41$25,943,137$14,214,068$11,841,179$21,305,075
42$28,544,012$14,865,232$12,192,533$23,037,068
43$31,408,748$15,546,875$12,554,230$24,929,869
44$34,564,214$16,260,446$12,926,571$26,999,276
45$38,040,019$17,007,463$13,309,866$29,262,678
46$41,868,789$17,789,516$13,704,435$31,739,211
47$46,086,477$18,608,274$14,110,605$34,449,936
48$50,732,702$19,465,484$14,528,714$37,418,036
49$55,851,123$20,362,978$14,959,111$40,669,029
50$61,489,848$21,302,674$15,402,152$44,231,006
51$67,701,893$22,286,586$15,858,205$48,134,894
52$74,545,680$23,316,823$16,327,648$52,414,741
53$82,085,586$24,395,594$16,810,871$57,108,033
54$90,392,554$25,525,216$17,308,274$62,256,046
55$99,544,761$26,708,118$17,820,268$67,904,227
56$109,628,357$27,946,846$18,347,277$74,102,624
57$120,738,275$29,244,068$18,889,737$80,906,347
58$132,979,132$30,602,580$19,448,095$88,376,086
59$146,466,211$32,025,314$20,022,814$96,578,678
60$161,326,553$33,515,343$20,614,367$105,587,732
61$177,700,155$35,075,888$21,223,242$115,484,317
62$195,741,290$36,710,326$21,849,940$126,357,723
63$215,619,966$38,422,196$22,494,978$138,306,294
64$237,523,529$40,215,210$23,158,886$151,438,353
65$261,658,431$42,093,257$23,842,210$165,873,215
66$288,252,179$44,060,415$24,545,512$181,742,305
67$317,555,483$46,120,958$25,269,369$199,190,394
68$349,844,625$48,279,367$26,014,375$218,376,954
69$385,424,061$50,540,340$26,781,141$239,477,658
70$424,629,301$52,908,803$27,570,295$262,686,025
71$467,830,073$55,389,917$28,382,483$288,215,244
72$515,433,815$57,989,097$29,218,370$316,300,169
73$567,889,517$60,712,017$30,078,639$347,199,533
74$625,691,968$63,564,625$30,963,993$381,198,374
75$689,386,416$66,553,159$31,875,155$418,610,719
76$759,573,725$69,684,158$32,812,867$459,782,533
77$836,916,041$72,964,478$33,777,894$505,094,978
78$922,143,046$76,401,306$34,771,022$554,967,994
79$1,016,058,844$80,002,179$35,793,060$609,864,249
80$1,119,549,557$83,774,996$36,844,837$670,293,499
81$1,233,591,682$87,728,041$37,927,210$736,817,382
82$1,359,261,318$91,870,000$39,041,056$810,054,702
83$1,497,744,321$96,209,978$40,187,280$890,687,261
84$1,650,347,498$100,757,523$41,366,810$979,466,275
85$1,818,510,947$105,522,645$42,580,602$1,077,219,449
86$2,003,821,649$110,515,841$43,829,638$1,184,858,774
87$2,208,028,455$115,748,114$45,114,928$1,303,389,118
88$2,433,058,590$121,231,005$46,437,511$1,433,917,690
89$2,681,035,853$126,976,611$47,798,454$1,577,664,474
90$2,954,300,663$132,997,618$49,198,855$1,735,973,728
91$3,255,432,157$139,307,327$50,639,843$1,910,326,644
92$3,587,272,537$145,919,687$52,122,579$2,102,355,314
93$3,952,953,905$152,849,320$53,648,254$2,313,858,113
94$4,355,927,829$160,111,563$55,218,096$2,546,816,649
95$4,799,997,930$167,722,492$56,833,365$2,803,414,443
96$5,289,355,794$175,698,969$58,495,358$3,086,057,517
97$5,828,620,540$184,058,673$60,205,407$3,397,397,078
98$6,422,882,429$192,820,142$61,964,882$3,740,354,516
99$7,077,750,922$202,002,815$63,775,191$4,118,148,953
100$7,799,407,638$211,627,075$65,637,782$4,534,327,598