Can I retire at age 30 with 8,700,000?

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 $8,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$718,438$712,038$705,795$699,701$693,750$686,791
2 years$355,662$349,038$342,619$336,395$330,357$323,348
3 years$234,753$228,100$221,697$215,531$209,592$202,750
4 years$174,310$167,678$161,339$155,278$149,483$142,861
5 years$138,054$131,462$125,205$119,269$113,635$107,252
6 years$113,891$107,348$101,185$95,380$89,915$83,780
7 years$96,638$90,151$84,085$78,417$73,125$67,240
8 years$83,705$77,276$71,311$65,782$60,664$55,029
9 years$73,651$67,283$61,420$56,032$51,088$45,700
10 years$65,612$59,306$53,547$48,300$43,530$38,386
11 years$59,040$52,797$47,142$42,035$37,437$32,533
12 years$53,566$47,388$41,837$36,871$32,442$27,774
13 years$48,939$42,825$37,379$32,551$28,290$23,852
14 years$44,976$38,926$33,585$28,895$24,799$20,584
15 years$41,544$35,560$30,323$25,770$21,835$17,838
16 years$38,544$32,626$27,492$23,074$19,298$15,512
17 years$35,900$30,047$25,017$20,732$17,111$13,528
18 years$33,553$27,765$22,837$18,683$15,214$11,829
19 years$31,454$25,732$20,906$16,882$13,561$10,365
20 years$29,569$23,911$19,187$15,290$12,113$9,099
21 years$27,864$22,273$17,648$13,877$10,839$8,001
22 years$26,317$20,791$16,265$12,617$9,716$7,045
23 years$24,907$19,445$15,018$11,491$8,722$6,211
24 years$23,616$18,219$13,889$10,480$7,839$5,482
25 years$22,430$17,097$12,864$9,571$7,054$4,843
26 years$21,337$16,069$11,931$8,751$6,354$4,282
27 years$20,327$15,123$11,079$8,010$5,729$3,788
28 years$19,390$14,250$10,299$7,339$5,169$3,354
29 years$18,520$13,443$9,584$6,730$4,668$2,971
30 years$17,709$12,696$8,928$6,177$4,217$2,633
31 years$16,953$12,002$8,323$5,673$3,813$2,335
32 years$16,244$11,356$7,765$5,213$3,449$2,071
33 years$15,580$10,754$7,251$4,794$3,121$1,838
34 years$14,957$10,193$6,775$4,411$2,826$1,631
35 years$14,370$9,668$6,334$4,061$2,560$1,448
36 years$13,818$9,176$5,925$3,740$2,319$1,286
37 years$13,296$8,715$5,546$3,446$2,102$1,142
38 years$12,803$8,282$5,193$3,176$1,906$1,015
39 years$12,336$7,876$4,866$2,928$1,728$901
40 years$11,894$7,493$4,561$2,701$1,567$801
41 years$11,475$7,133$4,276$2,492$1,422$712
42 years$11,076$6,793$4,011$2,300$1,290$633
43 years$10,697$6,472$3,764$2,123$1,171$563
44 years$10,337$6,169$3,533$1,960$1,063$500
45 years$9,993$5,883$3,318$1,810$965$445
46 years$9,665$5,612$3,116$1,672$876$395
47 years$9,353$5,356$2,927$1,545$796$352
48 years$9,054$5,113$2,751$1,428$723$313
49 years$8,768$4,883$2,586$1,319$656$278
50 years$8,494$4,664$2,431$1,219$596$247

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $8,700,000, adding $2,991 every year, while hoping to spend $37,930 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: 42/39/19 Blend
29$8,700,000$8,700,000$8,700,000$8,700,000
30$9,590,485$9,129,385$8,994,535$9,939,784
31$10,528,357$9,536,368$9,255,495$10,594,581
32$11,560,621$9,962,021$9,523,926$11,299,290
33$12,696,865$10,407,221$9,800,037$12,061,633
34$13,947,653$10,872,882$10,084,046$12,886,916
35$15,324,626$11,359,966$10,376,174$13,780,964
36$16,840,611$11,869,477$10,676,649$14,750,170
37$18,509,742$12,402,470$10,985,706$15,801,553
38$20,347,593$12,960,049$11,303,584$16,942,820
39$22,371,326$13,543,369$11,630,532$18,182,435
40$24,599,850$14,153,643$11,966,804$19,529,698
41$27,054,003$14,792,140$12,312,660$20,994,822
42$29,756,746$15,460,190$12,668,369$22,589,033
43$32,733,380$16,159,186$13,034,206$24,324,664
44$36,011,787$16,890,588$13,410,454$26,215,274
45$39,622,689$17,655,926$13,797,404$28,275,765
46$43,599,941$18,456,804$14,195,354$30,522,520
47$47,980,848$19,294,900$14,604,611$32,973,555
48$52,806,519$20,171,975$15,025,491$35,648,678
49$58,122,255$21,089,873$15,458,316$38,569,673
50$63,977,974$22,050,526$15,903,419$41,760,501
51$70,428,686$23,055,960$16,361,141$45,247,518
52$77,535,005$24,108,295$16,831,833$49,059,718
53$85,363,732$25,209,758$17,315,855$53,228,996
54$93,988,473$26,362,676$17,813,577$57,790,449
55$103,490,343$27,569,493$18,325,378$62,782,692
56$113,958,728$28,832,769$18,851,648$68,248,222
57$125,492,128$30,155,184$19,392,788$74,233,804
58$138,199,088$31,539,551$19,949,209$80,790,907
59$152,199,220$32,988,814$20,521,333$87,976,183
60$167,624,337$34,506,062$21,109,594$95,851,986
61$184,619,690$36,094,530$21,714,436$104,486,957
62$203,345,347$37,757,610$22,336,317$113,956,658
63$223,977,695$39,498,856$22,975,707$124,344,276
64$246,711,113$41,321,993$23,633,086$135,741,395
65$271,759,802$43,230,926$24,308,950$148,248,852
66$299,359,808$45,229,748$25,003,807$161,977,672
67$329,771,251$47,322,748$25,718,176$177,050,105
68$363,280,779$49,514,423$26,452,595$193,600,770
69$400,204,273$51,809,484$27,207,612$211,777,906
70$440,889,832$54,212,873$27,983,791$231,744,757
71$485,721,058$56,729,766$28,781,710$253,681,102
72$535,120,673$59,365,592$29,601,965$277,784,932
73$589,554,515$62,126,039$30,445,164$304,274,303
74$649,535,932$65,017,072$31,311,934$333,389,375
75$715,630,630$68,044,941$32,202,916$365,394,664
76$788,462,011$71,216,199$33,118,770$400,581,515
77$868,717,060$74,537,717$34,060,173$439,270,837
78$957,152,829$78,016,695$35,027,818$481,816,107
79$1,054,603,586$81,660,681$36,022,418$528,606,684
80$1,161,988,687$85,477,590$37,044,705$580,071,466
81$1,280,321,258$89,475,716$38,095,427$636,682,908
82$1,410,717,757$93,663,757$39,175,354$698,961,463
83$1,554,408,516$98,050,829$40,285,277$767,480,461
84$1,712,749,356$102,646,491$41,426,005$842,871,501
85$1,887,234,383$107,460,762$42,598,369$925,830,379
86$2,079,510,098$112,504,147$43,803,222$1,017,123,624
87$2,291,390,937$117,787,659$45,041,438$1,117,595,709
88$2,524,876,401$123,322,843$46,313,916$1,228,176,984
89$2,782,169,936$129,121,805$47,621,574$1,349,892,424
90$3,065,699,730$135,197,234$48,965,357$1,483,871,270
91$3,378,141,640$141,562,435$50,346,234$1,631,357,648
92$3,722,444,451$148,231,359$51,765,197$1,793,722,277
93$4,101,857,719$155,218,629$53,223,264$1,972,475,366
94$4,519,962,443$162,539,579$54,721,481$2,169,280,822
95$4,980,704,880$170,210,286$56,260,918$2,385,971,918
96$5,488,433,793$178,247,604$57,842,674$2,624,568,549
97$6,047,941,510$186,669,208$59,467,874$2,887,296,248
98$6,664,509,170$195,493,625$61,137,674$3,176,607,144
99$7,343,956,577$204,740,284$62,853,257$3,495,203,056
100$8,092,697,145$214,429,555$64,615,838$3,846,060,943