Can I retire at age 30 with 8,800,000?

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 $8,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$726,696$720,223$713,907$707,743$701,724$677,366
2 years$359,750$353,050$346,557$340,261$334,154$309,865
3 years$237,451$230,722$224,245$218,009$212,001$188,545
4 years$176,314$169,605$163,193$157,063$151,201$128,757
5 years$139,641$132,973$126,645$120,639$114,941$93,567
6 years$115,200$108,582$102,348$96,476$90,949$70,663
7 years$97,749$91,187$85,051$79,318$73,966$54,764
8 years$84,667$78,164$72,130$66,538$61,362$43,229
9 years$74,498$68,056$62,126$56,676$51,675$34,588
10 years$66,367$59,988$54,163$48,855$44,030$27,960
11 years$59,718$53,404$47,684$42,519$37,867$22,782
12 years$54,182$47,932$42,318$37,295$32,815$18,679
13 years$49,501$43,317$37,809$32,925$28,615$15,392
14 years$45,493$39,374$33,971$29,228$25,084$12,734
15 years$42,022$35,969$30,671$26,066$22,086$10,569
16 years$38,987$33,001$27,808$23,339$19,520$8,796
17 years$36,313$30,392$25,304$20,970$17,307$7,336
18 years$33,938$28,084$23,100$18,898$15,389$6,130
19 years$31,816$26,028$21,147$17,076$13,717$5,129
20 years$29,908$24,186$19,407$15,466$12,252$4,297
21 years$28,185$22,529$17,851$14,036$10,964$3,604
22 years$26,620$21,030$16,452$12,762$9,828$3,025
23 years$25,193$19,669$15,191$11,623$8,822$2,541
24 years$23,887$18,428$14,049$10,601$7,929$2,136
25 years$22,688$17,294$13,012$9,681$7,135$1,796
26 years$21,582$16,254$12,068$8,852$6,427$1,511
27 years$20,560$15,296$11,206$8,102$5,795$1,272
28 years$19,613$14,414$10,418$7,423$5,229$1,071
29 years$18,733$13,598$9,695$6,807$4,721$902
30 years$17,913$12,842$9,030$6,248$4,266$759
31 years$17,147$12,140$8,419$5,738$3,857$640
32 years$16,431$11,487$7,855$5,273$3,489$539
33 years$15,760$10,878$7,334$4,849$3,157$454
34 years$15,129$10,310$6,852$4,462$2,859$383
35 years$14,536$9,779$6,407$4,107$2,589$322
36 years$13,976$9,281$5,993$3,783$2,346$272
37 years$13,449$8,815$5,609$3,485$2,126$229
38 years$12,950$8,378$5,253$3,212$1,928$193
39 years$12,478$7,966$4,922$2,962$1,748$163
40 years$12,031$7,579$4,613$2,732$1,585$137
41 years$11,607$7,215$4,325$2,521$1,438$116
42 years$11,204$6,871$4,057$2,326$1,305$98
43 years$10,820$6,547$3,807$2,147$1,185$82
44 years$10,456$6,240$3,574$1,983$1,075$69
45 years$10,108$5,951$3,356$1,831$976$58
46 years$9,777$5,677$3,152$1,691$886$49
47 years$9,460$5,417$2,961$1,563$805$42
48 years$9,158$5,172$2,783$1,444$731$35
49 years$8,869$4,939$2,615$1,335$664$30
50 years$8,592$4,718$2,459$1,233$603$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $8,800,000, adding $6,316 every year, while hoping to spend $37,235 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: 44/43/13 Blend
29$8,800,000$8,800,000$8,800,000$8,800,000
30$9,704,115$9,237,715$9,101,315$10,094,536
31$10,654,317$9,650,745$9,366,591$10,780,461
32$11,700,192$10,082,766$9,639,506$11,519,211
33$12,851,458$10,534,669$9,920,277$12,319,090
34$14,118,826$11,007,387$10,209,125$13,185,742
35$15,514,096$11,501,898$10,506,281$14,125,360
36$17,050,270$12,019,228$10,811,978$15,144,744
37$18,741,677$12,560,449$11,126,458$16,251,357
38$20,604,105$13,126,688$11,449,971$17,453,395
39$22,654,949$13,719,121$11,782,771$18,759,860
40$24,913,380$14,338,984$12,125,120$20,180,638
41$27,400,522$14,987,571$12,477,288$21,726,593
42$30,139,650$15,666,237$12,839,552$23,409,659
43$33,156,414$16,376,402$13,212,197$25,242,951
44$36,479,077$17,119,555$13,595,514$27,240,886
45$40,138,784$17,897,254$13,989,805$29,419,308
46$44,169,854$18,711,134$14,395,378$31,795,637
47$48,610,107$19,562,907$14,812,551$34,389,024
48$53,501,215$20,454,368$15,241,649$37,220,532
49$58,889,103$21,387,395$15,683,007$40,313,319
50$64,824,374$22,363,960$16,136,971$43,692,857
51$71,362,793$23,386,126$16,603,892$47,387,166
52$78,565,810$24,456,059$17,084,135$51,427,065
53$86,501,141$25,576,024$17,578,072$55,846,463
54$95,243,407$26,748,399$18,086,087$60,682,664
55$104,874,837$27,975,674$18,608,573$65,976,716
56$115,486,046$29,260,457$19,145,936$71,773,789
57$127,176,889$30,605,486$19,698,591$78,123,589
58$140,057,403$32,013,625$20,266,965$85,080,822
59$154,248,845$33,487,881$20,851,496$92,705,699
60$169,884,841$35,031,401$21,452,635$101,064,491
61$187,112,641$36,647,486$22,070,844$110,230,150
62$206,094,513$38,339,594$22,706,599$120,282,978
63$227,009,271$40,111,352$23,360,388$131,311,382
64$250,053,967$41,966,559$24,032,712$143,412,690
65$275,445,750$43,909,199$24,724,086$156,694,058
66$303,423,913$45,943,446$25,435,039$171,273,469
67$334,252,153$48,073,675$26,166,114$187,280,832
68$368,221,062$50,304,475$26,917,868$204,859,193
69$405,650,868$52,640,652$27,690,875$224,166,071
70$446,894,459$55,087,247$28,485,722$245,374,925
71$492,340,713$57,649,541$29,303,013$268,676,780
72$542,418,171$60,333,073$30,143,368$294,282,008
73$597,599,078$63,143,647$31,007,425$322,422,295
74$658,403,846$66,087,349$31,895,836$353,352,812
75$725,405,966$69,170,556$32,809,273$387,354,600
76$799,237,416$72,399,955$33,748,426$424,737,202
77$880,594,636$75,782,557$34,714,002$465,841,565
78$970,245,095$79,325,708$35,706,728$511,043,232
79$1,069,034,540$83,037,113$36,727,348$560,755,864
80$1,177,894,978$86,924,847$37,776,629$615,435,118
81$1,297,853,477$90,997,375$38,855,357$675,582,924
82$1,430,041,859$95,263,574$39,964,339$741,752,191
83$1,575,707,386$99,732,747$41,104,402$814,552,002
84$1,736,224,537$104,414,649$42,276,397$894,653,327
85$1,913,107,980$109,319,506$43,481,196$982,795,330
86$2,108,026,873$114,458,041$44,719,695$1,079,792,308
87$2,322,820,622$119,841,493$45,992,813$1,186,541,348
88$2,559,516,247$125,481,647$47,301,493$1,304,030,753
89$2,820,347,514$131,390,858$48,646,704$1,433,349,335
90$3,107,776,030$137,582,080$50,029,438$1,575,696,656
91$3,424,514,477$144,068,893$51,450,715$1,732,394,303
92$3,773,552,221$150,865,537$52,911,582$1,904,898,326
93$4,158,183,540$157,986,940$54,413,112$2,094,812,931
94$4,582,038,716$165,448,756$55,956,407$2,303,905,579
95$5,049,118,314$173,267,394$57,542,596$2,534,123,620
96$5,563,830,949$181,460,063$59,172,839$2,787,612,619
97$6,131,034,903$190,044,803$60,848,327$3,066,736,560
98$6,756,083,996$199,040,532$62,570,279$3,374,100,100
99$7,444,878,128$208,467,082$64,339,947$3,712,573,097
100$8,203,918,979$218,345,251$66,158,617$4,085,317,641