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

Use the below retirement simulation to view the chances of a successful retirement.
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%11%
1 years$693,664$687,485$681,457$675,573$669,828$667,005
2 years$343,398$337,003$330,804$324,795$318,966$316,116
3 years$226,658$220,235$214,052$208,099$202,365$199,577
4 years$168,299$161,896$155,775$149,924$144,328$141,623
5 years$133,293$126,928$120,888$115,156$109,716$107,101
6 years$109,964$103,647$97,695$92,091$86,815$84,294
7 years$93,306$87,042$81,185$75,713$70,604$68,178
8 years$80,819$74,611$68,852$63,514$58,572$56,243
9 years$71,111$64,963$59,302$54,100$49,326$47,092
10 years$63,350$57,261$51,701$46,634$42,029$39,888
11 years$57,004$50,976$45,517$40,586$36,146$34,098
12 years$51,719$45,754$40,395$35,599$31,323$29,366
13 years$47,251$41,348$36,090$31,429$27,315$25,447
14 years$43,425$37,584$32,427$27,899$23,944$22,163
15 years$40,111$34,334$29,277$24,881$21,082$19,387
16 years$37,215$31,501$26,544$22,278$18,632$17,020
17 years$34,662$29,011$24,154$20,017$16,521$14,989
18 years$32,396$26,807$22,050$18,039$14,689$13,235
19 years$30,370$24,845$20,185$16,300$13,093$11,714
20 years$28,549$23,087$18,525$14,763$11,695$10,389
21 years$26,904$21,505$17,040$13,398$10,466$9,230
22 years$25,410$20,074$15,705$12,182$9,381$8,213
23 years$24,048$18,775$14,500$11,094$8,421$7,318
24 years$22,802$17,591$13,410$10,119$7,569$6,528
25 years$21,656$16,508$12,421$9,241$6,811$5,830
26 years$20,601$15,515$11,520$8,449$6,135$5,211
27 years$19,626$14,601$10,697$7,734$5,531$4,662
28 years$18,722$13,759$9,944$7,086$4,991$4,174
29 years$17,882$12,980$9,254$6,498$4,507$3,739
30 years$17,099$12,258$8,620$5,964$4,072$3,351
31 years$16,368$11,588$8,036$5,477$3,682$3,006
32 years$15,684$10,964$7,498$5,034$3,330$2,697
33 years$15,043$10,383$7,001$4,629$3,014$2,421
34 years$14,441$9,841$6,541$4,259$2,729$2,174
35 years$13,875$9,334$6,115$3,921$2,471$1,953
36 years$13,341$8,860$5,721$3,611$2,239$1,755
37 years$12,837$8,415$5,354$3,327$2,030$1,577
38 years$12,361$7,997$5,014$3,066$1,840$1,418
39 years$11,911$7,604$4,698$2,827$1,669$1,275
40 years$11,484$7,235$4,403$2,608$1,513$1,146
41 years$11,079$6,887$4,129$2,406$1,373$1,031
42 years$10,694$6,559$3,873$2,221$1,246$928
43 years$10,329$6,249$3,634$2,050$1,131$835
44 years$9,980$5,957$3,411$1,893$1,026$751
45 years$9,649$5,680$3,203$1,748$932$676
46 years$9,332$5,419$3,009$1,615$846$608
47 years$9,030$5,171$2,826$1,492$768$548
48 years$8,741$4,937$2,656$1,378$698$493
49 years$8,465$4,714$2,497$1,274$634$444
50 years$8,201$4,503$2,347$1,177$575$400

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 $2,225 every year, while hoping to spend $21,788 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: 51/24/25 Blend
29$8,400,000$8,400,000$8,400,000$8,400,000
30$9,259,095$8,813,895$8,683,695$9,666,267
31$10,180,341$9,222,594$8,951,417$10,357,930
32$11,194,823$9,650,588$9,227,377$11,107,195
33$12,312,029$10,098,801$9,511,828$11,921,479
34$13,542,413$10,568,200$9,805,031$12,806,968
35$14,897,495$11,059,798$10,107,256$13,770,461
36$16,389,969$11,574,657$10,418,778$14,819,431
37$18,033,822$12,113,891$10,739,884$15,962,094
38$19,844,469$12,678,669$11,070,866$17,207,483
39$21,838,894$13,270,213$11,412,030$18,565,531
40$24,035,815$13,889,807$11,763,687$20,047,160
41$26,455,856$14,538,796$12,126,158$21,664,385
42$29,121,746$15,218,590$12,499,777$23,430,419
43$32,058,530$15,930,666$12,884,885$25,359,798
44$35,293,805$16,676,574$13,281,835$27,468,516
45$38,857,987$17,457,939$13,690,989$29,774,168
46$42,784,587$18,276,464$14,112,723$32,296,115
47$47,110,538$19,133,934$14,547,422$35,055,661
48$51,876,536$20,032,220$14,995,484$38,076,255
49$57,127,429$20,973,285$15,457,319$41,383,700
50$62,912,637$21,959,186$15,933,350$45,006,400
51$69,286,620$22,992,080$16,424,011$48,975,616
52$76,309,391$24,074,228$16,929,751$53,325,764
53$84,047,084$25,208,000$17,451,033$58,094,728
54$92,572,577$26,395,883$17,988,333$63,324,216
55$101,966,180$27,640,482$18,542,142$69,060,147
56$112,316,393$28,944,528$19,112,967$75,353,079
57$123,720,743$30,310,888$19,701,329$82,258,678
58$136,286,701$31,742,563$20,307,765$89,838,243
59$150,132,699$33,242,703$20,932,830$98,159,269
60$165,389,249$34,814,610$21,577,095$107,296,086
61$182,200,172$36,461,746$22,241,147$117,330,547
62$200,723,957$38,187,739$22,925,593$128,352,799
63$221,135,259$39,996,397$23,631,059$140,462,119
64$243,626,544$41,891,708$24,358,187$153,767,848
65$268,409,907$43,877,858$25,107,642$168,390,414
66$295,719,077$45,959,232$25,880,108$184,462,458
67$325,811,621$48,140,432$26,676,289$202,130,077
68$358,971,373$50,426,281$27,496,912$221,554,196
69$395,511,120$52,821,835$28,342,726$242,912,072
70$435,775,548$55,332,399$29,214,501$266,398,962
71$480,144,500$57,963,533$30,113,033$292,229,949
72$529,036,560$60,721,067$31,039,140$320,641,967
73$582,913,006$63,611,116$31,993,668$351,896,020
74$642,282,163$66,640,091$32,977,487$386,279,636
75$707,704,203$69,814,715$33,991,492$424,109,568
76$779,796,432$73,142,037$35,036,608$465,734,767
77$859,239,121$76,629,449$36,113,787$511,539,667
78$946,781,923$80,284,704$37,224,010$561,947,793
79$1,043,250,953$84,115,929$38,368,289$617,425,746
80$1,149,556,589$88,131,647$39,547,665$678,487,591
81$1,266,702,062$92,340,799$40,763,212$745,699,694
82$1,395,792,930$96,752,756$42,016,037$819,686,045
83$1,538,047,515$101,377,347$43,307,281$901,134,135
84$1,694,808,405$106,224,880$44,638,118$990,801,425
85$1,867,555,127$111,306,164$46,009,760$1,089,522,472
86$2,057,918,116$116,632,533$47,423,453$1,198,216,790
87$2,267,694,111$122,215,873$48,880,485$1,317,897,507
88$2,498,863,109$128,068,650$50,382,181$1,449,680,903
89$2,753,607,068$134,203,936$51,929,906$1,594,796,924
90$3,034,330,498$140,635,438$53,525,066$1,754,600,769
91$3,343,683,166$147,377,532$55,169,114$1,930,585,654
92$3,684,585,112$154,445,294$56,863,542$2,124,396,882
93$4,060,254,214$161,854,533$58,609,891$2,337,847,343
94$4,474,236,568$169,621,830$60,409,747$2,572,934,599
95$4,930,439,970$177,764,572$62,264,745$2,831,859,709
96$5,433,170,804$186,300,993$64,176,572$3,117,047,973
97$5,987,174,701$195,250,217$66,146,962$3,431,171,795
98$6,597,681,341$204,632,297$68,177,705$3,777,175,870
99$7,270,453,824$214,468,266$70,270,645$4,158,304,949
100$8,011,843,084$224,780,181$72,427,681$4,578,134,427