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%19.2%
1 years$726,696$720,223$713,907$707,743$701,724$675,752
2 years$359,750$353,050$346,557$340,261$334,154$308,281
3 years$237,451$230,722$224,245$218,009$212,001$187,041
4 years$176,314$169,605$163,193$157,063$151,201$127,343
5 years$139,641$132,973$126,645$120,639$114,941$92,248
6 years$115,200$108,582$102,348$96,476$90,949$69,437
7 years$97,749$91,187$85,051$79,318$73,966$53,629
8 years$84,667$78,164$72,130$66,538$61,362$42,183
9 years$74,498$68,056$62,126$56,676$51,675$33,627
10 years$66,367$59,988$54,163$48,855$44,030$27,080
11 years$59,718$53,404$47,684$42,519$37,867$21,979
12 years$54,182$47,932$42,318$37,295$32,815$17,949
13 years$49,501$43,317$37,809$32,925$28,615$14,730
14 years$45,493$39,374$33,971$29,228$25,084$12,135
15 years$42,022$35,969$30,671$26,066$22,086$10,030
16 years$38,987$33,001$27,808$23,339$19,520$8,311
17 years$36,313$30,392$25,304$20,970$17,307$6,901
18 years$33,938$28,084$23,100$18,898$15,389$5,740
19 years$31,816$26,028$21,147$17,076$13,717$4,781
20 years$29,908$24,186$19,407$15,466$12,252$3,988
21 years$28,185$22,529$17,851$14,036$10,964$3,329
22 years$26,620$21,030$16,452$12,762$9,828$2,781
23 years$25,193$19,669$15,191$11,623$8,822$2,325
24 years$23,887$18,428$14,049$10,601$7,929$1,945
25 years$22,688$17,294$13,012$9,681$7,135$1,628
26 years$21,582$16,254$12,068$8,852$6,427$1,363
27 years$20,560$15,296$11,206$8,102$5,795$1,141
28 years$19,613$14,414$10,418$7,423$5,229$956
29 years$18,733$13,598$9,695$6,807$4,721$801
30 years$17,913$12,842$9,030$6,248$4,266$671
31 years$17,147$12,140$8,419$5,738$3,857$563
32 years$16,431$11,487$7,855$5,273$3,489$472
33 years$15,760$10,878$7,334$4,849$3,157$396
34 years$15,129$10,310$6,852$4,462$2,859$332
35 years$14,536$9,779$6,407$4,107$2,589$278
36 years$13,976$9,281$5,993$3,783$2,346$233
37 years$13,449$8,815$5,609$3,485$2,126$196
38 years$12,950$8,378$5,253$3,212$1,928$164
39 years$12,478$7,966$4,922$2,962$1,748$138
40 years$12,031$7,579$4,613$2,732$1,585$115
41 years$11,607$7,215$4,325$2,521$1,438$97
42 years$11,204$6,871$4,057$2,326$1,305$81
43 years$10,820$6,547$3,807$2,147$1,185$68
44 years$10,456$6,240$3,574$1,983$1,075$57
45 years$10,108$5,951$3,356$1,831$976$48
46 years$9,777$5,677$3,152$1,691$886$40
47 years$9,460$5,417$2,961$1,563$805$34
48 years$9,158$5,172$2,783$1,444$731$28
49 years$8,869$4,939$2,615$1,335$664$24
50 years$8,592$4,718$2,459$1,233$603$20

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 $5,642 every year, while hoping to spend $31,883 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: 50/40/10 Blend
29$8,800,000$8,800,000$8,800,000$8,800,000
30$9,703,420$9,237,020$9,100,620$10,162,556
31$10,659,245$9,655,710$9,371,567$10,895,840
32$11,711,496$10,093,848$9,650,523$11,688,383
33$12,869,975$10,552,353$9,937,721$12,548,856
34$14,145,481$11,032,187$10,233,404$13,483,641
35$15,549,917$11,534,360$10,537,819$14,499,745
36$17,096,395$12,059,931$10,851,222$15,604,864
37$18,799,365$12,610,006$11,173,877$16,807,451
38$20,674,752$13,185,748$11,506,053$18,116,796
39$22,740,101$13,788,373$11,848,030$19,543,106
40$25,014,745$14,419,158$12,200,093$21,097,599
41$27,519,991$15,079,438$12,562,538$22,792,606
42$30,279,315$15,770,615$12,935,668$24,641,682
43$33,318,586$16,494,157$13,319,794$26,659,730
44$36,666,313$17,251,601$13,715,238$28,863,135
45$40,353,909$18,044,562$14,122,331$31,269,917
46$44,415,990$18,874,728$14,541,411$33,899,896
47$48,890,702$19,743,870$14,972,829$36,774,867
48$53,820,079$20,653,845$15,416,944$39,918,808
49$59,250,442$21,606,599$15,874,127$43,358,098
50$65,232,835$22,604,170$16,344,758$47,121,755
51$71,823,505$23,648,695$16,829,229$51,241,709
52$79,084,437$24,742,416$17,327,942$55,753,097
53$87,083,935$25,887,679$17,841,313$60,694,581
54$95,897,267$27,086,946$18,369,768$66,108,711
55$105,607,378$28,342,796$18,913,745$72,042,319
56$116,305,671$29,657,934$19,473,696$78,546,947
57$128,092,870$31,035,193$20,050,085$85,679,333
58$141,079,969$32,477,544$20,643,390$93,501,931
59$155,389,284$33,988,102$21,254,102$102,083,493
60$171,155,603$35,570,131$21,882,726$111,499,710
61$188,527,459$37,227,052$22,529,782$121,833,915
62$207,668,536$38,962,453$23,195,805$133,177,856
63$228,759,207$40,780,094$23,881,345$145,632,555
64$251,998,244$42,683,916$24,586,968$159,309,248
65$277,604,689$44,678,052$25,313,256$174,330,420
66$305,819,924$46,766,833$26,060,806$190,830,953
67$336,909,949$48,954,801$26,830,236$208,959,383
68$371,167,893$51,246,716$27,622,178$228,879,286
69$408,916,780$53,647,567$28,437,284$250,770,811
70$450,512,582$56,162,588$29,276,223$274,832,361
71$496,347,574$58,797,264$30,139,685$301,282,455
72$546,854,040$61,557,343$31,028,378$330,361,767
73$602,508,355$64,448,856$31,943,032$362,335,385
74$663,835,479$67,478,121$32,884,395$397,495,290
75$731,413,914$70,651,766$33,853,239$436,163,099
76$805,881,167$73,976,736$34,850,356$478,693,075
77$887,939,766$77,460,316$35,876,562$525,475,450
78$978,363,891$81,110,140$36,932,696$576,940,090
79$1,078,006,687$84,934,216$38,019,620$633,560,525
80$1,187,808,312$88,940,936$39,138,221$695,858,398
81$1,308,804,819$93,139,101$40,289,411$764,408,360
82$1,442,137,932$97,537,938$41,474,127$839,843,470
83$1,589,065,825$102,147,121$42,693,334$922,861,142
84$1,750,975,003$106,976,794$43,948,025$1,014,229,699
85$1,929,393,388$112,037,591$45,239,218$1,114,795,593
86$2,126,004,744$117,340,663$46,567,962$1,225,491,367
87$2,342,664,575$122,897,703$47,935,337$1,347,344,421
88$2,581,417,641$128,720,970$49,342,449$1,481,486,677
89$2,844,517,260$134,823,317$50,790,441$1,629,165,224
90$3,134,446,582$141,218,221$52,280,483$1,791,754,056
91$3,453,942,036$147,919,816$53,813,781$1,970,766,999
92$3,806,019,156$154,942,919$55,391,575$2,167,871,959
93$4,194,001,055$162,303,068$57,015,138$2,384,906,623
94$4,621,549,798$170,016,554$58,685,781$2,623,895,761
95$5,092,700,973$178,100,461$60,404,850$2,887,070,290
96$5,611,901,791$186,572,702$62,173,731$3,176,888,281
97$6,184,053,070$195,452,060$63,993,847$3,496,058,117
98$6,814,555,503$204,758,231$65,866,661$3,847,563,995
99$7,509,360,649$214,511,870$67,793,679$4,234,694,045
100$8,275,027,116$224,734,631$69,776,448$4,661,071,309