Can I retire at age 30 with 8,500,000?

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 $8,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$701,922$695,670$689,570$683,616$677,802$650,909
2 years$347,486$341,015$334,743$328,661$322,763$296,002
3 years$229,356$222,857$216,601$210,577$204,774$178,988
4 years$170,303$163,823$157,630$151,709$146,047$121,432
5 years$134,880$128,439$122,327$116,527$111,022$87,641
6 years$111,273$104,880$98,859$93,187$87,848$65,716
7 years$94,417$88,078$82,152$76,614$71,444$50,552
8 years$81,781$75,500$69,671$64,270$59,270$39,597
9 years$71,958$65,736$60,008$54,744$49,914$31,430
10 years$64,104$57,943$52,316$47,190$42,529$25,199
11 years$57,683$51,583$46,058$41,069$36,576$20,359
12 years$52,335$46,298$40,876$36,023$31,696$16,549
13 years$47,814$41,840$36,520$31,803$27,640$13,515
14 years$43,942$38,032$32,813$28,231$24,229$11,080
15 years$40,589$34,743$29,626$25,177$21,333$9,112
16 years$37,658$31,876$26,860$22,544$18,854$7,512
17 years$35,075$29,356$24,442$20,255$16,717$6,205
18 years$32,781$27,126$22,312$18,254$14,864$5,135
19 years$30,731$25,141$20,426$16,494$13,249$4,254
20 years$28,889$23,362$18,746$14,939$11,834$3,529
21 years$27,224$21,761$17,242$13,558$10,590$2,930
22 years$25,712$20,313$15,892$12,327$9,493$2,435
23 years$24,334$18,998$14,673$11,226$8,521$2,024
24 years$23,073$17,800$13,570$10,239$7,659$1,684
25 years$21,914$16,704$12,569$9,351$6,892$1,401
26 years$20,847$15,699$11,657$8,550$6,208$1,167
27 years$19,860$14,775$10,824$7,826$5,597$972
28 years$18,945$13,922$10,063$7,170$5,050$809
29 years$18,094$13,134$9,364$6,575$4,560$674
30 years$17,302$12,404$8,722$6,035$4,121$562
31 years$16,563$11,726$8,132$5,542$3,725$468
32 years$15,871$11,095$7,587$5,093$3,370$390
33 years$15,222$10,507$7,084$4,684$3,050$325
34 years$14,613$9,958$6,619$4,310$2,761$271
35 years$14,040$9,445$6,188$3,967$2,501$226
36 years$13,500$8,965$5,789$3,654$2,266$189
37 years$12,990$8,515$5,418$3,366$2,054$157
38 years$12,509$8,092$5,074$3,103$1,862$131
39 years$12,053$7,695$4,754$2,861$1,688$109
40 years$11,621$7,321$4,456$2,639$1,531$91
41 years$11,211$6,969$4,178$2,435$1,389$76
42 years$10,822$6,637$3,919$2,247$1,261$63
43 years$10,452$6,324$3,678$2,074$1,144$53
44 years$10,099$6,028$3,452$1,915$1,039$44
45 years$9,763$5,748$3,241$1,769$943$37
46 years$9,443$5,483$3,044$1,634$856$31
47 years$9,138$5,233$2,860$1,509$777$26
48 years$8,846$4,995$2,688$1,395$706$21
49 years$8,566$4,770$2,526$1,289$641$18
50 years$8,299$4,557$2,375$1,191$582$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $8,500,000, adding $6,273 every year, while hoping to spend $40,531 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: 46/49/5 Blend
29$8,500,000$8,500,000$8,500,000$8,500,000
30$9,373,471$8,922,971$8,791,221$9,791,912
31$10,286,440$9,317,071$9,042,602$10,473,878
32$11,291,174$9,729,125$9,301,046$11,208,451
33$12,396,989$10,159,968$9,566,747$12,004,300
34$13,614,152$10,610,476$9,839,903$12,867,090
35$14,953,975$11,081,569$10,120,719$13,803,039
36$16,428,922$11,574,208$10,409,405$14,818,970
37$18,052,728$12,089,399$10,706,175$15,922,374
38$19,840,525$12,628,199$11,011,251$17,121,476
39$21,808,990$13,191,712$11,324,859$18,425,310
40$23,976,497$13,781,096$11,647,232$19,843,797
41$26,363,294$14,397,564$11,978,609$21,387,837
42$28,991,692$15,042,387$12,319,235$23,069,407
43$31,886,276$15,716,895$12,669,360$24,901,665
44$35,074,137$16,422,484$13,029,244$26,899,074
45$38,585,127$17,160,613$13,399,152$29,077,534
46$42,452,140$17,932,813$13,779,354$31,454,518
47$46,711,426$18,740,688$14,170,129$34,049,241
48$51,402,927$19,585,918$14,571,765$36,882,830
49$56,570,660$20,470,263$14,984,553$39,978,518
50$62,263,128$21,395,566$15,408,797$43,361,854
51$68,533,779$22,363,761$15,844,803$47,060,942
52$75,441,510$23,376,871$16,292,890$51,106,696
53$83,051,225$24,437,018$16,753,382$55,533,124
54$91,434,443$25,546,425$17,226,613$60,377,640
55$100,669,976$26,707,420$17,712,925$65,681,412
56$110,844,675$27,922,445$18,212,669$71,489,737
57$122,054,243$29,194,056$18,726,205$77,852,463
58$134,404,145$30,524,934$19,253,902$84,824,449
59$148,010,598$31,917,886$19,796,138$92,466,072
60$163,001,672$33,375,856$20,353,302$100,843,785
61$179,518,497$34,901,927$20,925,792$110,030,735
62$197,716,593$36,499,331$21,514,015$120,107,442
63$217,767,343$38,171,455$22,118,392$131,162,546
64$239,859,603$39,921,848$22,739,350$143,293,628
65$264,201,495$41,754,230$23,377,330$156,608,125
66$291,022,360$43,672,500$24,032,782$171,224,321
67$320,574,930$45,680,742$24,706,171$187,272,456
68$353,137,715$47,783,240$25,397,969$204,895,938
69$389,017,623$49,984,480$26,108,663$224,252,676
70$428,552,868$52,289,167$26,838,750$245,516,563
71$472,116,155$54,702,231$27,588,742$268,879,089
72$520,118,200$57,228,837$28,359,162$294,551,139
73$573,011,609$59,874,403$29,150,547$322,764,959
74$631,295,148$62,644,603$29,963,445$353,776,331
75$695,518,453$65,545,389$30,798,421$387,866,964
76$766,287,218$68,582,996$31,656,051$425,347,131
77$844,268,913$71,763,961$32,536,927$466,558,576
78$930,199,083$75,095,136$33,441,654$511,877,718
79$1,024,888,294$78,583,703$34,370,855$561,719,172
80$1,129,229,786$82,237,190$35,325,164$616,539,640
81$1,244,207,901$86,063,489$36,305,234$676,842,198
82$1,370,907,378$90,070,872$37,311,731$743,181,008
83$1,510,523,596$94,268,010$38,345,340$816,166,524
84$1,664,373,854$98,663,993$39,406,760$896,471,219
85$1,833,909,809$103,268,351$40,496,708$984,835,905
86$2,020,731,180$108,091,071$41,615,918$1,082,076,683
87$2,226,600,853$113,142,626$42,765,144$1,189,092,616
88$2,453,461,518$118,433,992$43,945,154$1,306,874,176
89$2,703,454,012$123,976,677$45,156,736$1,436,512,554
90$2,978,937,533$129,782,746$46,400,699$1,579,209,915
91$3,282,511,906$135,864,845$47,677,867$1,736,290,709
92$3,617,042,132$142,236,234$48,989,086$1,909,214,119
93$3,985,685,432$148,910,812$50,335,223$2,099,587,797
94$4,391,921,056$155,903,152$51,717,164$2,309,182,978
95$4,839,583,129$163,228,532$53,135,814$2,539,951,159
96$5,332,896,846$170,902,968$54,592,101$2,794,042,457
97$5,876,518,364$178,943,253$56,086,976$3,073,825,852
98$6,475,578,757$187,366,992$57,621,410$3,381,911,488
99$7,135,732,459$196,192,643$59,196,396$3,721,175,251
100$7,863,210,645$205,439,558$60,812,951$4,094,785,848