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%16.5%
1 years$726,696$720,223$713,907$707,743$701,724$683,098
2 years$359,750$353,050$346,557$340,261$334,154$315,519
3 years$237,451$230,722$224,245$218,009$212,001$193,939
4 years$176,314$169,605$163,193$157,063$151,201$133,852
5 years$139,641$132,973$126,645$120,639$114,941$98,352
6 years$115,200$108,582$102,348$96,476$90,949$75,136
7 years$97,749$91,187$85,051$79,318$73,966$58,931
8 years$84,667$78,164$72,130$66,538$61,362$47,097
9 years$74,498$68,056$62,126$56,676$51,675$38,168
10 years$66,367$59,988$54,163$48,855$44,030$31,263
11 years$59,718$53,404$47,684$42,519$37,867$25,820
12 years$54,182$47,932$42,318$37,295$32,815$21,467
13 years$49,501$43,317$37,809$32,925$28,615$17,943
14 years$45,493$39,374$33,971$29,228$25,084$15,062
15 years$42,022$35,969$30,671$26,066$22,086$12,688
16 years$38,987$33,001$27,808$23,339$19,520$10,720
17 years$36,313$30,392$25,304$20,970$17,307$9,080
18 years$33,938$28,084$23,100$18,898$15,389$7,706
19 years$31,816$26,028$21,147$17,076$13,717$6,551
20 years$29,908$24,186$19,407$15,466$12,252$5,577
21 years$28,185$22,529$17,851$14,036$10,964$4,754
22 years$26,620$21,030$16,452$12,762$9,828$4,057
23 years$25,193$19,669$15,191$11,623$8,822$3,464
24 years$23,887$18,428$14,049$10,601$7,929$2,961
25 years$22,688$17,294$13,012$9,681$7,135$2,532
26 years$21,582$16,254$12,068$8,852$6,427$2,167
27 years$20,560$15,296$11,206$8,102$5,795$1,855
28 years$19,613$14,414$10,418$7,423$5,229$1,588
29 years$18,733$13,598$9,695$6,807$4,721$1,361
30 years$17,913$12,842$9,030$6,248$4,266$1,166
31 years$17,147$12,140$8,419$5,738$3,857$999
32 years$16,431$11,487$7,855$5,273$3,489$857
33 years$15,760$10,878$7,334$4,849$3,157$735
34 years$15,129$10,310$6,852$4,462$2,859$630
35 years$14,536$9,779$6,407$4,107$2,589$540
36 years$13,976$9,281$5,993$3,783$2,346$463
37 years$13,449$8,815$5,609$3,485$2,126$398
38 years$12,950$8,378$5,253$3,212$1,928$341
39 years$12,478$7,966$4,922$2,962$1,748$293
40 years$12,031$7,579$4,613$2,732$1,585$251
41 years$11,607$7,215$4,325$2,521$1,438$215
42 years$11,204$6,871$4,057$2,326$1,305$185
43 years$10,820$6,547$3,807$2,147$1,185$159
44 years$10,456$6,240$3,574$1,983$1,075$136
45 years$10,108$5,951$3,356$1,831$976$117
46 years$9,777$5,677$3,152$1,691$886$100
47 years$9,460$5,417$2,961$1,563$805$86
48 years$9,158$5,172$2,783$1,444$731$74
49 years$8,869$4,939$2,615$1,335$664$63
50 years$8,592$4,718$2,459$1,233$603$54

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 $5,363 every year, while hoping to spend $43,328 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: 66/24/10 Blend
29$8,800,000$8,800,000$8,800,000$8,800,000
30$9,703,132$9,236,732$9,100,332$10,322,785
31$10,646,751$9,643,231$9,359,092$11,142,437
32$11,685,166$10,068,197$9,625,069$12,032,295
33$12,828,003$10,512,488$9,898,458$13,003,736
34$14,085,863$10,977,004$10,179,461$14,064,718
35$15,470,432$11,462,687$10,468,283$15,223,999
36$16,994,582$11,970,525$10,765,137$16,491,213
37$18,672,500$12,501,552$11,070,240$17,876,960
38$20,519,817$13,056,849$11,383,814$19,392,904
39$22,553,755$13,637,552$11,706,089$21,051,882
40$24,793,294$14,244,848$12,037,299$22,868,020
41$27,259,347$14,879,982$12,377,685$24,856,868
42$29,974,956$15,544,257$12,727,494$27,035,539
43$32,965,515$16,239,040$13,086,978$29,422,872
44$36,259,004$16,965,759$13,456,399$32,039,605
45$39,886,256$17,725,915$13,836,022$34,908,567
46$43,881,246$18,521,076$14,226,120$38,054,895
47$48,281,412$19,352,888$14,626,974$41,506,259
48$53,128,010$20,223,074$15,038,872$45,293,131
49$58,466,501$21,133,438$15,462,108$49,449,060
50$64,346,980$22,085,872$15,896,984$54,010,989
51$70,824,650$23,082,358$16,343,812$59,019,598
52$77,960,343$24,124,972$16,802,907$64,519,688
53$85,821,090$25,215,888$17,274,597$70,560,595
54$94,480,761$26,357,386$17,759,216$77,196,652
55$104,020,754$27,551,854$18,257,105$84,487,701
56$114,530,771$28,801,794$18,768,617$92,499,648
57$126,109,655$30,109,828$19,294,112$101,305,082
58$138,866,333$31,478,703$19,833,958$110,983,959
59$152,920,838$32,911,298$20,388,534$121,624,343
60$168,405,441$34,410,629$20,958,228$133,323,239
61$185,465,904$35,979,858$21,543,437$146,187,500
62$204,262,853$37,622,297$22,144,568$160,334,828
63$224,973,292$39,341,418$22,762,039$175,894,879
64$247,792,278$41,140,858$23,396,278$193,010,482
65$272,934,759$43,024,429$24,047,722$211,838,979
66$300,637,605$44,996,126$24,716,822$232,553,703
67$331,161,842$47,060,138$25,404,036$255,345,604
68$364,795,116$49,220,850$26,109,837$280,425,048
69$401,854,409$51,482,863$26,834,708$308,023,790
70$442,689,030$53,850,995$27,579,143$338,397,154
71$487,683,916$56,330,298$28,343,648$371,826,437
72$537,263,259$58,926,066$29,128,744$408,621,548
73$591,894,515$61,643,848$29,934,961$449,123,932
74$652,092,818$64,489,459$30,762,844$493,709,775
75$718,425,837$67,468,994$31,612,951$542,793,546
76$791,519,140$70,588,842$32,485,852$596,831,903
77$872,062,096$73,855,699$33,382,133$656,327,984
78$960,814,386$77,276,585$34,302,390$721,836,149
79$1,058,613,171$80,858,855$35,247,238$793,967,198
80$1,166,380,998$84,610,222$36,217,304$873,394,125
81$1,285,134,505$88,538,768$37,213,229$960,858,452
82$1,415,994,023$92,652,967$38,235,671$1,057,177,221
83$1,560,194,150$96,961,699$39,285,302$1,163,250,686
84$1,719,095,405$101,474,273$40,362,812$1,280,070,793
85$1,894,197,074$106,200,450$41,468,903$1,408,730,535
86$2,087,151,362$111,150,459$42,604,298$1,550,434,244
87$2,299,778,992$116,335,022$43,769,733$1,706,508,944
88$2,534,086,393$121,765,383$44,965,964$1,878,416,861
89$2,792,284,643$127,453,324$46,193,761$2,067,769,203
90$3,076,810,339$133,411,200$47,453,915$2,276,341,347
91$3,390,348,606$139,651,960$48,747,233$2,506,089,583
92$3,735,858,439$146,189,182$50,074,540$2,759,169,553
93$4,116,600,645$153,037,097$51,436,683$3,037,956,577
94$4,536,168,622$160,210,626$52,834,523$3,345,068,051
95$4,998,522,287$167,725,412$54,268,944$3,683,388,133
96$5,508,025,455$175,597,853$55,740,850$4,056,094,936
97$6,069,487,045$183,845,141$57,251,161$4,466,690,506
98$6,688,206,471$192,485,300$58,800,823$4,919,033,850
99$7,370,023,679$201,537,227$60,390,798$5,417,377,335
100$8,121,374,276$211,020,734$62,022,072$5,966,406,797