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%16.1%
1 years$693,664$687,485$681,457$675,573$669,828$653,105
2 years$343,398$337,003$330,804$324,795$318,966$302,223
3 years$226,658$220,235$214,052$208,099$202,365$186,127
4 years$168,299$161,896$155,775$149,924$144,328$128,720
5 years$133,293$126,928$120,888$115,156$109,716$94,780
6 years$109,964$103,647$97,695$92,091$86,815$72,566
7 years$93,306$87,042$81,185$75,713$70,604$57,044
8 years$80,819$74,611$68,852$63,514$58,572$45,696
9 years$71,111$64,963$59,302$54,100$49,326$37,122
10 years$63,350$57,261$51,701$46,634$42,029$30,482
11 years$57,004$50,976$45,517$40,586$36,146$25,240
12 years$51,719$45,754$40,395$35,599$31,323$21,040
13 years$47,251$41,348$36,090$31,429$27,315$17,633
14 years$43,425$37,584$32,427$27,899$23,944$14,842
15 years$40,111$34,334$29,277$24,881$21,082$12,539
16 years$37,215$31,501$26,544$22,278$18,632$10,624
17 years$34,662$29,011$24,154$20,017$16,521$9,024
18 years$32,396$26,807$22,050$18,039$14,689$7,682
19 years$30,370$24,845$20,185$16,300$13,093$6,550
20 years$28,549$23,087$18,525$14,763$11,695$5,593
21 years$26,904$21,505$17,040$13,398$10,466$4,782
22 years$25,410$20,074$15,705$12,182$9,381$4,093
23 years$24,048$18,775$14,500$11,094$8,421$3,507
24 years$22,802$17,591$13,410$10,119$7,569$3,007
25 years$21,656$16,508$12,421$9,241$6,811$2,579
26 years$20,601$15,515$11,520$8,449$6,135$2,214
27 years$19,626$14,601$10,697$7,734$5,531$1,902
28 years$18,722$13,759$9,944$7,086$4,991$1,634
29 years$17,882$12,980$9,254$6,498$4,507$1,404
30 years$17,099$12,258$8,620$5,964$4,072$1,207
31 years$16,368$11,588$8,036$5,477$3,682$1,038
32 years$15,684$10,964$7,498$5,034$3,330$893
33 years$15,043$10,383$7,001$4,629$3,014$768
34 years$14,441$9,841$6,541$4,259$2,729$661
35 years$13,875$9,334$6,115$3,921$2,471$569
36 years$13,341$8,860$5,721$3,611$2,239$490
37 years$12,837$8,415$5,354$3,327$2,030$421
38 years$12,361$7,997$5,014$3,066$1,840$363
39 years$11,911$7,604$4,698$2,827$1,669$312
40 years$11,484$7,235$4,403$2,608$1,513$269
41 years$11,079$6,887$4,129$2,406$1,373$232
42 years$10,694$6,559$3,873$2,221$1,246$199
43 years$10,329$6,249$3,634$2,050$1,131$172
44 years$9,980$5,957$3,411$1,893$1,026$148
45 years$9,649$5,680$3,203$1,748$932$127
46 years$9,332$5,419$3,009$1,615$846$110
47 years$9,030$5,171$2,826$1,492$768$94
48 years$8,741$4,937$2,656$1,378$698$81
49 years$8,465$4,714$2,497$1,274$634$70
50 years$8,201$4,503$2,347$1,177$575$60

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 $4,987 every year, while hoping to spend $55,714 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: 64/17/19 Blend
29$8,400,000$8,400,000$8,400,000$8,400,000
30$9,261,944$8,816,744$8,686,544$9,809,876
31$10,147,383$9,189,485$8,918,264$10,551,483
32$11,121,270$9,578,624$9,155,879$11,354,549
33$12,192,566$9,984,903$9,399,529$12,230,564
34$13,371,149$10,409,104$9,649,353$13,186,658
35$14,667,897$10,852,041$9,905,498$14,230,679
36$16,094,800$11,314,569$10,168,109$15,371,264
37$17,665,066$11,797,579$10,437,338$16,617,918
38$19,393,250$12,302,008$10,713,336$17,981,103
39$21,295,389$12,828,834$10,996,260$19,472,335
40$23,389,153$13,379,081$11,286,269$21,104,289
41$25,694,013$13,953,822$11,583,525$22,890,922
42$28,231,422$14,554,179$11,888,193$24,847,597
43$31,025,020$15,181,327$12,200,440$26,991,230
44$34,100,856$15,836,495$12,520,439$29,340,445
45$37,487,632$16,520,973$12,848,363$31,915,750
46$41,216,977$17,236,107$13,184,389$34,739,727
47$45,323,742$17,983,310$13,528,700$37,837,243
48$49,846,330$18,764,058$13,881,478$41,235,683
49$54,827,059$19,579,900$14,242,910$44,965,205
50$60,312,558$20,432,454$14,613,186$49,059,025
51$66,354,212$21,323,417$14,992,501$53,553,721
52$73,008,642$22,254,566$15,381,051$58,489,585
53$80,338,243$23,227,759$15,779,036$63,910,992
54$88,411,769$24,244,944$16,186,658$69,866,822
55$97,304,984$25,308,161$16,604,126$76,410,913
56$107,101,376$26,419,545$17,031,648$83,602,570
57$117,892,946$27,581,331$17,469,437$91,507,120
58$129,781,073$28,795,864$17,917,710$100,196,526
59$142,877,475$30,065,594$18,376,686$109,750,059
60$157,305,261$31,393,091$18,846,588$120,255,048
61$173,200,090$32,781,045$19,327,642$131,807,696
62$190,711,457$34,232,274$19,820,076$144,513,987
63$210,004,100$35,749,730$20,324,123$158,490,678
64$231,259,555$37,336,503$20,840,017$173,866,401
65$254,677,870$38,995,832$21,367,998$190,782,871
66$280,479,493$40,731,108$21,908,306$209,396,217
67$308,907,353$42,545,884$22,461,186$229,878,456
68$340,229,151$44,443,881$23,026,884$252,419,103
69$374,739,890$46,428,997$23,605,651$277,226,962
70$412,764,657$48,505,315$24,197,738$304,532,090
71$454,661,691$50,677,114$24,803,400$334,587,958
72$500,825,765$52,948,875$25,422,897$367,673,844
73$551,691,916$55,325,293$26,056,486$404,097,457
74$607,739,545$57,811,285$26,704,432$444,197,838
75$669,496,946$60,412,006$27,366,998$488,348,556
76$737,546,292$63,132,852$28,044,450$536,961,221
77$812,529,133$65,979,481$28,737,059$590,489,365
78$895,152,447$68,957,818$29,445,092$649,432,718
79$986,195,318$72,074,072$30,168,824$714,341,912
80$1,086,516,286$75,334,748$30,908,525$785,823,674
81$1,197,061,459$78,746,661$31,664,472$864,546,544
82$1,318,873,435$82,316,955$32,436,939$951,247,174
83$1,453,101,151$86,053,112$33,226,203$1,046,737,277
84$1,601,010,727$89,962,973$34,032,539$1,151,911,274
85$1,763,997,418$94,054,755$34,856,226$1,267,754,731
86$1,943,598,784$98,337,068$35,697,539$1,395,353,649
87$2,141,509,209$102,818,934$36,556,756$1,535,904,707
88$2,359,595,893$107,509,806$37,434,152$1,690,726,544
89$2,599,916,481$112,419,592$38,330,002$1,861,272,199
90$2,864,738,484$117,558,675$39,244,580$2,049,142,808
91$3,156,560,694$122,937,935$40,178,158$2,256,102,712
92$3,478,136,764$128,568,773$41,131,005$2,484,096,096
93$3,832,501,210$134,463,139$42,103,390$2,735,265,327
94$4,222,998,056$140,633,555$43,095,576$3,011,971,165
95$4,653,312,405$147,093,146$44,107,825$3,316,815,032
96$5,127,505,226$153,855,666$45,140,393$3,652,663,552
97$5,650,051,696$160,935,531$46,193,533$4,022,675,600
98$6,225,883,446$168,347,849$47,267,493$4,430,332,100
99$6,860,435,118$176,108,454$48,362,515$4,879,468,869
100$7,559,695,675$184,233,943$49,478,834$5,374,312,810