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%14.1%
1 years$701,922$695,670$689,570$683,616$677,802$666,299
2 years$347,486$341,015$334,743$328,661$322,763$311,209
3 years$229,356$222,857$216,601$210,577$204,774$193,529
4 years$170,303$163,823$157,630$151,709$146,047$135,198
5 years$134,880$128,439$122,327$116,527$111,022$100,600
6 years$111,273$104,880$98,859$93,187$87,848$77,865
7 years$94,417$88,078$82,152$76,614$71,444$61,903
8 years$81,781$75,500$69,671$64,270$59,270$50,168
9 years$71,958$65,736$60,008$54,744$49,914$41,247
10 years$64,104$57,943$52,316$47,190$42,529$34,289
11 years$57,683$51,583$46,058$41,069$36,576$28,755
12 years$52,335$46,298$40,876$36,023$31,696$24,283
13 years$47,814$41,840$36,520$31,803$27,640$20,624
14 years$43,942$38,032$32,813$28,231$24,229$17,598
15 years$40,589$34,743$29,626$25,177$21,333$15,074
16 years$37,658$31,876$26,860$22,544$18,854$12,954
17 years$35,075$29,356$24,442$20,255$16,717$11,163
18 years$32,781$27,126$22,312$18,254$14,864$9,642
19 years$30,731$25,141$20,426$16,494$13,249$8,345
20 years$28,889$23,362$18,746$14,939$11,834$7,234
21 years$27,224$21,761$17,242$13,558$10,590$6,280
22 years$25,712$20,313$15,892$12,327$9,493$5,459
23 years$24,334$18,998$14,673$11,226$8,521$4,751
24 years$23,073$17,800$13,570$10,239$7,659$4,138
25 years$21,914$16,704$12,569$9,351$6,892$3,607
26 years$20,847$15,699$11,657$8,550$6,208$3,146
27 years$19,860$14,775$10,824$7,826$5,597$2,746
28 years$18,945$13,922$10,063$7,170$5,050$2,398
29 years$18,094$13,134$9,364$6,575$4,560$2,095
30 years$17,302$12,404$8,722$6,035$4,121$1,831
31 years$16,563$11,726$8,132$5,542$3,725$1,601
32 years$15,871$11,095$7,587$5,093$3,370$1,400
33 years$15,222$10,507$7,084$4,684$3,050$1,225
34 years$14,613$9,958$6,619$4,310$2,761$1,072
35 years$14,040$9,445$6,188$3,967$2,501$938
36 years$13,500$8,965$5,789$3,654$2,266$821
37 years$12,990$8,515$5,418$3,366$2,054$719
38 years$12,509$8,092$5,074$3,103$1,862$629
39 years$12,053$7,695$4,754$2,861$1,688$551
40 years$11,621$7,321$4,456$2,639$1,531$483
41 years$11,211$6,969$4,178$2,435$1,389$423
42 years$10,822$6,637$3,919$2,247$1,261$370
43 years$10,452$6,324$3,678$2,074$1,144$324
44 years$10,099$6,028$3,452$1,915$1,039$284
45 years$9,763$5,748$3,241$1,769$943$249
46 years$9,443$5,483$3,044$1,634$856$218
47 years$9,138$5,233$2,860$1,509$777$191
48 years$8,846$4,995$2,688$1,395$706$167
49 years$8,566$4,770$2,526$1,289$641$147
50 years$8,299$4,557$2,375$1,191$582$129

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 $3,238 every year, while hoping to spend $50,830 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: 45/32/23 Blend
29$8,500,000$8,500,000$8,500,000$8,500,000
30$9,370,340$8,919,840$8,788,090$9,729,705
31$10,272,032$9,302,829$9,028,408$10,366,519
32$11,263,993$9,702,882$9,275,074$11,051,474
33$12,355,377$10,120,779$9,528,245$11,793,273
34$13,556,269$10,557,341$9,788,085$12,597,231
35$14,877,782$11,013,425$10,054,760$13,469,187
36$16,332,161$11,489,928$10,328,440$14,415,555
37$17,932,898$11,987,791$10,609,299$15,443,383
38$19,694,858$12,507,997$10,897,514$16,560,413
39$21,634,420$13,051,576$11,193,268$17,775,160
40$23,769,635$13,619,607$11,496,747$19,096,980
41$26,120,390$14,213,220$11,808,140$20,536,158
42$28,708,599$14,833,596$12,127,641$22,104,007
43$31,558,408$15,481,975$12,455,450$23,812,963
44$34,696,427$16,159,653$12,791,768$25,676,705
45$38,151,974$16,867,987$13,136,804$27,710,278
46$41,957,356$17,608,400$13,490,768$29,930,230
47$46,148,175$18,382,380$13,853,877$32,354,768
48$50,763,660$19,191,487$14,226,353$35,003,921
49$55,847,037$20,037,354$14,608,420$37,899,728
50$61,445,942$20,921,691$15,000,308$41,066,439
51$67,612,863$21,846,290$15,402,255$44,530,742
52$74,405,644$22,813,026$15,814,498$48,322,008
53$81,888,020$23,823,865$16,237,284$52,472,561
54$90,130,228$24,880,865$16,670,864$57,017,983
55$99,209,664$25,986,180$17,115,491$61,997,439
56$109,211,617$27,142,070$17,571,427$67,454,044
57$120,230,070$28,350,900$18,038,938$73,435,260
58$132,368,590$29,615,146$18,518,295$79,993,344
59$145,741,303$30,937,405$19,009,774$87,185,828
60$160,473,972$32,320,395$19,513,658$95,076,058
61$176,705,187$33,766,963$20,030,235$103,733,784
62$194,587,665$35,280,094$20,559,797$113,235,812
63$214,289,701$36,862,912$21,102,644$123,666,718
64$235,996,748$38,518,692$21,659,080$135,119,641
65$259,913,173$40,250,865$22,229,416$147,697,152
66$286,264,183$42,063,024$22,813,968$161,512,214
67$315,297,952$43,958,935$23,413,059$176,689,235
68$347,287,963$45,942,542$24,027,016$193,365,240
69$382,535,588$48,017,979$24,656,173$211,691,145
70$421,372,934$50,189,576$25,300,871$231,833,179
71$464,165,979$52,461,872$25,961,456$253,974,434
72$511,318,024$54,839,619$26,638,281$278,316,588
73$563,273,503$57,327,800$27,331,703$305,081,793
74$620,522,172$59,931,635$28,042,088$334,514,760
75$683,603,742$62,656,593$28,769,805$366,885,054
76$753,112,963$65,508,405$29,515,233$402,489,627
77$829,705,246$68,493,078$30,278,755$441,655,605
78$914,102,848$71,616,905$31,060,759$484,743,360
79$1,007,101,686$74,886,481$31,861,642$532,149,896
80$1,109,578,856$78,308,717$32,681,806$584,312,581
81$1,222,500,912$81,890,856$33,521,658$641,713,257
82$1,346,932,984$85,640,488$34,381,613$704,882,770
83$1,484,048,843$89,565,566$35,262,092$774,405,963
84$1,635,141,973$93,674,427$36,163,520$850,927,175
85$1,801,637,788$97,975,807$37,086,331$935,156,304
86$1,985,107,082$102,478,862$38,030,963$1,027,875,487
87$2,187,280,865$107,193,186$38,997,861$1,129,946,456
88$2,410,066,699$112,128,838$39,987,475$1,242,318,658
89$2,655,566,708$117,296,357$41,000,262$1,366,038,181
90$2,926,097,424$122,706,791$42,036,682$1,502,257,613
91$3,224,211,655$128,371,717$43,097,205$1,652,246,890
92$3,552,722,585$134,303,272$44,182,302$1,817,405,256
93$3,914,730,332$140,514,176$45,292,453$1,999,274,445
94$4,313,651,215$147,017,760$46,428,139$2,199,553,200
95$4,753,250,008$153,827,999$47,589,851$2,420,113,280
96$5,237,675,479$160,959,541$48,778,080$2,663,017,094
97$5,771,499,557$168,427,738$49,993,326$2,930,537,135
98$6,359,760,498$176,248,684$51,236,089$3,225,177,396
99$7,008,010,447$184,439,247$52,506,876$3,549,696,969
100$7,722,367,854$193,017,112$53,806,197$3,907,136,053