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

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 $8,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$701,922$695,670$689,570$683,616$677,802$672,685
2 years$347,486$341,015$334,743$328,661$322,763$317,604
3 years$229,356$222,857$216,601$210,577$204,774$199,733
4 years$170,303$163,823$157,630$151,709$146,047$141,162
5 years$134,880$128,439$122,327$116,527$111,022$106,309
6 years$111,273$104,880$98,859$93,187$87,848$83,312
7 years$94,417$88,078$82,152$76,614$71,444$67,087
8 years$81,781$75,500$69,671$64,270$59,270$55,092
9 years$71,958$65,736$60,008$54,744$49,914$45,914
10 years$64,104$57,943$52,316$47,190$42,529$38,705
11 years$57,683$51,583$46,058$41,069$36,576$32,925
12 years$52,335$46,298$40,876$36,023$31,696$28,215
13 years$47,814$41,840$36,520$31,803$27,640$24,324
14 years$43,942$38,032$32,813$28,231$24,229$21,075
15 years$40,589$34,743$29,626$25,177$21,333$18,337
16 years$37,658$31,876$26,860$22,544$18,854$16,011
17 years$35,075$29,356$24,442$20,255$16,717$14,023
18 years$32,781$27,126$22,312$18,254$14,864$12,313
19 years$30,731$25,141$20,426$16,494$13,249$10,836
20 years$28,889$23,362$18,746$14,939$11,834$9,555
21 years$27,224$21,761$17,242$13,558$10,590$8,439
22 years$25,712$20,313$15,892$12,327$9,493$7,465
23 years$24,334$18,998$14,673$11,226$8,521$6,611
24 years$23,073$17,800$13,570$10,239$7,659$5,862
25 years$21,914$16,704$12,569$9,351$6,892$5,203
26 years$20,847$15,699$11,657$8,550$6,208$4,622
27 years$19,860$14,775$10,824$7,826$5,597$4,108
28 years$18,945$13,922$10,063$7,170$5,050$3,655
29 years$18,094$13,134$9,364$6,575$4,560$3,253
30 years$17,302$12,404$8,722$6,035$4,121$2,897
31 years$16,563$11,726$8,132$5,542$3,725$2,582
32 years$15,871$11,095$7,587$5,093$3,370$2,301
33 years$15,222$10,507$7,084$4,684$3,050$2,052
34 years$14,613$9,958$6,619$4,310$2,761$1,831
35 years$14,040$9,445$6,188$3,967$2,501$1,633
36 years$13,500$8,965$5,789$3,654$2,266$1,458
37 years$12,990$8,515$5,418$3,366$2,054$1,301
38 years$12,509$8,092$5,074$3,103$1,862$1,162
39 years$12,053$7,695$4,754$2,861$1,688$1,038
40 years$11,621$7,321$4,456$2,639$1,531$927
41 years$11,211$6,969$4,178$2,435$1,389$828
42 years$10,822$6,637$3,919$2,247$1,261$740
43 years$10,452$6,324$3,678$2,074$1,144$661
44 years$10,099$6,028$3,452$1,915$1,039$591
45 years$9,763$5,748$3,241$1,769$943$528
46 years$9,443$5,483$3,044$1,634$856$472
47 years$9,138$5,233$2,860$1,509$777$422
48 years$8,846$4,995$2,688$1,395$706$377
49 years$8,566$4,770$2,526$1,289$641$337
50 years$8,299$4,557$2,375$1,191$582$301

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 $2,042 every year, while hoping to spend $20,268 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: 82/11/7 Blend
29$8,500,000$8,500,000$8,500,000$8,500,000
30$9,369,106$8,918,606$8,786,856$10,130,910
31$10,303,190$9,334,053$9,059,651$11,044,822
32$11,331,871$9,769,177$9,340,905$12,044,998
33$12,464,777$10,224,922$9,630,880$13,142,368
34$13,712,517$10,702,275$9,929,847$14,346,652
35$15,086,780$11,202,274$10,238,084$15,668,553
36$16,600,449$11,726,003$10,555,877$17,119,859
37$18,267,720$12,274,601$10,883,524$18,713,550
38$20,104,233$12,849,263$11,221,328$20,463,921
39$22,127,227$13,451,239$11,569,604$22,386,715
40$24,355,696$14,081,842$11,928,678$24,499,270
41$26,810,571$14,742,445$12,298,882$26,820,685
42$29,514,916$15,434,492$12,680,562$29,371,992
43$32,494,149$16,159,494$13,074,073$32,176,360
44$35,776,279$16,919,036$13,479,780$35,259,308
45$39,392,169$17,714,778$13,898,063$38,648,945
46$43,375,831$18,548,463$14,329,309$42,376,235
47$47,764,745$19,421,917$14,773,920$46,475,285
48$52,600,213$20,337,055$15,232,310$50,983,669
49$57,927,747$21,295,883$15,704,905$55,942,777
50$63,797,503$22,300,507$16,192,145$61,398,204
51$70,264,749$23,353,133$16,694,482$67,400,183
52$77,390,392$24,456,074$17,212,385$74,004,049
53$85,241,547$25,611,757$17,746,335$81,270,769
54$93,892,175$26,822,724$18,296,828$89,267,505
55$103,423,782$28,091,642$18,864,377$98,068,252
56$113,926,182$29,421,307$19,449,508$107,754,533
57$125,498,353$30,814,651$20,052,767$118,416,165
58$138,249,363$32,274,747$20,674,713$130,152,102
59$152,299,407$33,804,819$21,315,924$143,071,370
60$167,780,936$35,408,245$21,976,998$157,294,092
61$184,839,912$37,088,569$22,658,548$172,952,617
62$203,637,181$38,849,507$23,361,207$190,192,767
63$224,349,995$40,694,954$24,085,628$209,175,211
64$247,173,683$42,628,995$24,832,485$230,076,976
65$272,323,497$44,655,914$25,602,472$253,093,118
66$300,036,642$46,780,202$26,396,303$278,438,553
67$330,574,516$49,006,569$27,214,716$306,350,091
68$364,225,179$51,339,954$28,058,471$337,088,656
69$401,306,069$53,785,533$28,928,352$370,941,754
70$442,167,003$56,348,739$29,825,167$408,226,179
71$487,193,476$59,035,265$30,749,748$449,290,995
72$536,810,299$61,851,083$31,702,954$494,520,833
73$591,485,616$64,802,452$32,685,669$544,339,511
74$651,735,316$67,895,940$33,698,806$599,214,031
75$718,127,908$71,138,430$34,743,306$659,658,984
76$791,289,886$74,537,144$35,820,138$726,241,397
77$871,911,642$78,099,652$36,930,300$799,586,084
78$960,753,988$81,833,894$38,074,824$880,381,535
79$1,058,655,336$85,748,196$39,254,772$969,386,410
80$1,166,539,611$89,851,288$40,471,237$1,067,436,693
81$1,285,424,977$94,152,327$41,725,349$1,175,453,574
82$1,416,433,448$98,660,914$43,018,272$1,294,452,144
83$1,560,801,479$103,387,118$44,351,203$1,425,550,961
84$1,719,891,641$108,341,499$45,725,380$1,569,982,607
85$1,895,205,486$113,535,129$47,142,077$1,729,105,315
86$2,088,397,716$118,979,621$48,602,607$1,904,415,775
87$2,301,291,814$124,687,153$50,108,326$2,097,563,263
88$2,535,897,252$130,670,497$51,660,628$2,310,365,193
89$2,794,428,466$136,943,045$53,260,953$2,544,824,267
90$3,079,325,758$143,518,844$54,910,784$2,803,147,370
91$3,393,278,341$150,412,622$56,611,650$3,087,766,391
92$3,739,249,720$157,639,829$58,365,129$3,401,361,170
93$4,120,505,674$165,216,664$60,172,844$3,746,884,782
94$4,540,645,090$173,160,116$62,036,470$4,127,591,407
95$5,003,633,932$181,488,005$63,957,735$4,547,067,031
96$5,513,842,692$190,219,016$65,938,418$5,009,263,291
97$6,076,087,646$199,372,747$67,980,354$5,518,534,760
98$6,695,676,324$208,969,751$70,085,435$6,079,680,044
99$7,378,457,622$219,031,581$72,255,609$6,697,987,068
100$8,130,877,014$229,580,844$74,492,888$7,379,282,974