Can I retire at age 30 with 8,400,000?

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 $8,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$693,664$687,485$681,457$675,573$669,828$649,687
2 years$343,398$337,003$330,804$324,795$318,966$298,844
3 years$226,658$220,235$214,052$208,099$202,365$182,893
4 years$168,299$161,896$155,775$149,924$144,328$125,656
5 years$133,293$126,928$120,888$115,156$109,716$91,893
6 years$109,964$103,647$97,695$92,091$86,815$69,857
7 years$93,306$87,042$81,185$75,713$70,604$54,511
8 years$80,819$74,611$68,852$63,514$58,572$43,335
9 years$71,111$64,963$59,302$54,100$49,326$34,928
10 years$63,350$57,261$51,701$46,634$42,029$28,448
11 years$57,004$50,976$45,517$40,586$36,146$23,361
12 years$51,719$45,754$40,395$35,599$31,323$19,307
13 years$47,251$41,348$36,090$31,429$27,315$16,040
14 years$43,425$37,584$32,427$27,899$23,944$13,381
15 years$40,111$34,334$29,277$24,881$21,082$11,201
16 years$37,215$31,501$26,544$22,278$18,632$9,403
17 years$34,662$29,011$24,154$20,017$16,521$7,912
18 years$32,396$26,807$22,050$18,039$14,689$6,670
19 years$30,370$24,845$20,185$16,300$13,093$5,632
20 years$28,549$23,087$18,525$14,763$11,695$4,762
21 years$26,904$21,505$17,040$13,398$10,466$4,031
22 years$25,410$20,074$15,705$12,182$9,381$3,416
23 years$24,048$18,775$14,500$11,094$8,421$2,897
24 years$22,802$17,591$13,410$10,119$7,569$2,458
25 years$21,656$16,508$12,421$9,241$6,811$2,087
26 years$20,601$15,515$11,520$8,449$6,135$1,773
27 years$19,626$14,601$10,697$7,734$5,531$1,506
28 years$18,722$13,759$9,944$7,086$4,991$1,281
29 years$17,882$12,980$9,254$6,498$4,507$1,089
30 years$17,099$12,258$8,620$5,964$4,072$926
31 years$16,368$11,588$8,036$5,477$3,682$788
32 years$15,684$10,964$7,498$5,034$3,330$671
33 years$15,043$10,383$7,001$4,629$3,014$571
34 years$14,441$9,841$6,541$4,259$2,729$486
35 years$13,875$9,334$6,115$3,921$2,471$413
36 years$13,341$8,860$5,721$3,611$2,239$352
37 years$12,837$8,415$5,354$3,327$2,030$300
38 years$12,361$7,997$5,014$3,066$1,840$255
39 years$11,911$7,604$4,698$2,827$1,669$217
40 years$11,484$7,235$4,403$2,608$1,513$185
41 years$11,079$6,887$4,129$2,406$1,373$158
42 years$10,694$6,559$3,873$2,221$1,246$134
43 years$10,329$6,249$3,634$2,050$1,131$114
44 years$9,980$5,957$3,411$1,893$1,026$97
45 years$9,649$5,680$3,203$1,748$932$83
46 years$9,332$5,419$3,009$1,615$846$71
47 years$9,030$5,171$2,826$1,492$768$60
48 years$8,741$4,937$2,656$1,378$698$51
49 years$8,465$4,714$2,497$1,274$634$44
50 years$8,201$4,503$2,347$1,177$575$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $8,400,000, adding $6,690 every year, while hoping to spend $38,933 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: 43/39/18 Blend
29$8,400,000$8,400,000$8,400,000$8,400,000
30$9,263,701$8,818,501$8,688,301$9,613,243
31$10,167,174$9,209,183$8,937,934$10,250,968
32$11,161,496$9,617,704$9,194,626$10,937,110
33$12,255,894$10,044,896$9,458,571$11,679,664
34$13,460,531$10,491,632$9,729,969$12,483,842
35$14,786,610$10,958,826$10,009,027$13,355,363
36$16,246,471$11,447,436$10,295,957$14,300,508
37$17,853,714$11,958,463$10,590,975$15,326,170
38$19,623,325$12,492,960$10,894,304$16,439,922
39$21,571,814$13,052,025$11,206,173$17,650,081
40$23,717,377$13,636,812$11,526,818$18,965,785
41$26,080,062$14,248,529$11,856,480$20,397,073
42$28,681,962$14,888,441$12,195,405$21,954,976
43$31,547,421$15,557,873$12,543,850$23,651,621
44$34,703,263$16,258,213$12,902,074$25,500,336
45$38,179,048$16,990,918$13,270,345$27,515,773
46$42,007,349$17,757,511$13,648,940$29,714,041
47$46,224,058$18,559,589$14,038,139$32,112,855
48$50,868,729$19,398,825$14,438,234$34,731,697
49$55,984,945$20,276,974$14,849,521$37,591,990
50$61,620,735$21,195,871$15,272,305$40,717,304
51$67,829,024$22,157,442$15,706,901$44,133,562
52$74,668,131$23,163,704$16,153,629$47,869,285
53$82,202,325$24,216,770$16,612,820$51,955,854
54$90,502,424$25,318,854$17,084,812$56,427,796
55$99,646,471$26,472,278$17,569,953$61,323,106
56$109,720,464$27,679,472$18,068,599$66,683,596
57$120,819,171$28,942,986$18,581,117$72,555,284
58$133,047,024$30,265,489$19,107,881$78,988,820
59$146,519,103$31,649,781$19,649,277$86,039,950
60$161,362,224$33,098,792$20,205,701$93,770,043
61$177,716,136$34,615,599$20,777,557$102,246,652
62$195,734,838$36,203,419$21,365,262$111,544,147
63$215,588,035$37,865,631$21,969,242$121,744,404
64$237,462,738$39,605,770$22,589,935$132,937,570
65$261,565,030$41,427,545$23,227,790$145,222,898
66$288,122,010$43,334,841$23,883,268$158,709,680
67$317,383,938$45,331,732$24,556,840$173,518,256
68$349,626,597$47,422,484$25,248,992$189,781,147
69$385,153,897$49,611,573$25,960,220$207,644,284
70$424,300,741$51,903,687$26,691,034$227,268,380
71$467,436,190$54,303,740$27,441,957$248,830,426
72$514,966,942$56,816,884$28,213,523$272,525,346
73$567,341,177$59,448,519$29,006,284$298,567,828
74$625,052,784$62,204,304$29,820,801$327,194,325
75$688,646,024$65,090,170$30,657,653$358,665,275
76$758,720,666$68,112,336$31,517,432$393,267,541
77$835,937,653$71,277,320$32,400,746$431,317,095
78$921,025,339$74,591,953$33,308,216$473,161,988
79$1,014,786,363$78,063,398$34,240,480$519,185,605
80$1,118,105,229$81,699,162$35,198,194$569,810,273
81$1,231,956,656$85,507,114$36,182,026$625,501,215
82$1,357,414,775$89,495,503$37,192,665$686,770,923
83$1,495,663,277$93,672,978$38,230,814$754,183,969
84$1,648,006,580$98,048,603$39,297,195$828,362,310
85$1,815,882,148$102,631,881$40,392,548$909,991,126
86$2,000,874,060$107,432,776$41,517,630$999,825,266
87$2,204,727,962$112,461,730$42,673,219$1,098,696,341
88$2,429,367,552$117,729,692$43,860,109$1,207,520,542
89$2,676,912,735$123,248,140$45,079,117$1,327,307,255
90$2,949,699,644$129,029,108$46,331,076$1,459,168,557
91$3,250,302,683$135,085,211$47,616,843$1,604,329,678
92$3,581,558,844$141,429,673$48,937,294$1,764,140,527
93$3,946,594,479$148,076,360$50,293,327$1,940,088,399
94$4,348,854,823$155,039,809$51,685,861$2,133,811,972
95$4,792,136,515$162,335,260$53,115,837$2,347,116,730
96$5,280,623,443$169,978,690$54,584,221$2,581,991,968
97$5,818,926,240$177,986,853$56,091,998$2,840,629,519
98$6,412,125,818$186,377,310$57,640,182$3,125,444,396
99$7,065,821,330$195,168,476$59,229,806$3,439,097,543
100$7,786,183,032$204,379,658$60,861,931$3,784,520,891