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

Use the below retirement simulation to view the chances of a successful retirement.
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%14.5%
1 years$726,696$720,223$713,907$707,743$701,724$688,683
2 years$359,750$353,050$346,557$340,261$334,154$321,064
3 years$237,451$230,722$224,245$218,009$212,001$199,270
4 years$176,314$169,605$163,193$157,063$151,201$138,927
5 years$139,641$132,973$126,645$120,639$114,941$103,159
6 years$115,200$108,582$102,348$96,476$90,949$79,672
7 years$97,749$91,187$85,051$79,318$73,966$63,197
8 years$84,667$78,164$72,130$66,538$61,362$51,099
9 years$74,498$68,056$62,126$56,676$51,675$41,912
10 years$66,367$59,988$54,163$48,855$44,030$34,757
11 years$59,718$53,404$47,684$42,519$37,867$29,074
12 years$54,182$47,932$42,318$37,295$32,815$24,489
13 years$49,501$43,317$37,809$32,925$28,615$20,744
14 years$45,493$39,374$33,971$29,228$25,084$17,652
15 years$42,022$35,969$30,671$26,066$22,086$15,079
16 years$38,987$33,001$27,808$23,339$19,520$12,923
17 years$36,313$30,392$25,304$20,970$17,307$11,104
18 years$33,938$28,084$23,100$18,898$15,389$9,563
19 years$31,816$26,028$21,147$17,076$13,717$8,252
20 years$29,908$24,186$19,407$15,466$12,252$7,132
21 years$28,185$22,529$17,851$14,036$10,964$6,173
22 years$26,620$21,030$16,452$12,762$9,828$5,350
23 years$25,193$19,669$15,191$11,623$8,822$4,641
24 years$23,887$18,428$14,049$10,601$7,929$4,029
25 years$22,688$17,294$13,012$9,681$7,135$3,501
26 years$21,582$16,254$12,068$8,852$6,427$3,044
27 years$20,560$15,296$11,206$8,102$5,795$2,649
28 years$19,613$14,414$10,418$7,423$5,229$2,305
29 years$18,733$13,598$9,695$6,807$4,721$2,008
30 years$17,913$12,842$9,030$6,248$4,266$1,749
31 years$17,147$12,140$8,419$5,738$3,857$1,524
32 years$16,431$11,487$7,855$5,273$3,489$1,328
33 years$15,760$10,878$7,334$4,849$3,157$1,158
34 years$15,129$10,310$6,852$4,462$2,859$1,010
35 years$14,536$9,779$6,407$4,107$2,589$881
36 years$13,976$9,281$5,993$3,783$2,346$769
37 years$13,449$8,815$5,609$3,485$2,126$671
38 years$12,950$8,378$5,253$3,212$1,928$585
39 years$12,478$7,966$4,922$2,962$1,748$511
40 years$12,031$7,579$4,613$2,732$1,585$446
41 years$11,607$7,215$4,325$2,521$1,438$389
42 years$11,204$6,871$4,057$2,326$1,305$340
43 years$10,820$6,547$3,807$2,147$1,185$297
44 years$10,456$6,240$3,574$1,983$1,075$259
45 years$10,108$5,951$3,356$1,831$976$226
46 years$9,777$5,677$3,152$1,691$886$197
47 years$9,460$5,417$2,961$1,563$805$172
48 years$9,158$5,172$2,783$1,444$731$150
49 years$8,869$4,939$2,615$1,335$664$131
50 years$8,592$4,718$2,459$1,233$603$115

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 $3,822 every year, while hoping to spend $21,961 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: 45/25/30 Blend
29$8,800,000$8,800,000$8,800,000$8,800,000
30$9,701,542$9,235,142$9,098,742$10,053,707
31$10,667,733$9,664,298$9,380,184$10,734,511
32$11,731,740$10,113,746$9,670,318$11,470,026
33$12,903,516$10,584,458$9,969,412$12,267,339
34$14,194,030$11,077,452$10,277,742$13,132,244
35$15,615,368$11,593,795$10,595,594$14,071,102
36$17,180,850$12,134,605$10,923,261$15,090,901
37$18,905,151$12,701,055$11,261,045$16,199,323
38$20,804,445$13,294,375$11,609,258$17,404,804
39$22,896,552$13,915,853$11,968,222$18,716,622
40$25,201,110$14,566,840$12,338,267$20,144,971
41$27,739,761$15,248,752$12,719,736$21,701,060
42$30,536,350$15,963,075$13,112,981$23,397,214
43$33,617,156$16,711,364$13,518,364$25,246,984
44$37,011,136$17,495,251$13,936,260$27,265,274
45$40,750,201$18,316,447$14,367,054$29,468,478
46$44,869,514$19,176,746$14,811,143$31,874,626
47$49,407,825$20,078,027$15,268,936$34,503,554
48$54,407,835$21,022,262$15,740,857$37,377,086
49$59,916,599$22,011,517$16,227,341$40,519,234
50$65,985,970$23,047,960$16,728,835$43,956,418
51$72,673,090$24,133,861$17,245,802$47,717,715
52$80,040,928$25,271,603$17,778,720$51,835,123
53$88,158,874$26,463,683$18,328,078$56,343,860
54$97,103,394$27,712,718$18,894,383$61,282,689
55$106,958,753$29,021,454$19,478,158$66,694,280
56$117,817,809$30,392,769$20,079,940$72,625,601
57$129,782,891$31,829,680$20,700,283$79,128,361
58$142,966,763$33,335,351$21,339,759$86,259,487
59$157,493,689$34,913,099$21,998,957$94,081,655
60$173,500,607$36,566,403$22,678,484$102,663,872
61$191,138,422$38,298,910$23,378,966$112,082,122
62$210,573,427$40,114,443$24,101,048$122,420,073
63$231,988,879$42,017,012$24,845,395$133,769,860
64$255,586,720$44,010,821$25,612,691$146,232,942
65$281,589,493$46,100,279$26,403,644$159,921,052
66$310,242,436$48,290,008$27,218,981$174,957,242
67$341,815,800$50,584,853$28,059,452$191,477,033
68$376,607,399$52,989,899$28,925,831$209,629,684
69$414,945,422$55,510,472$29,818,915$229,579,589
70$457,191,532$58,152,162$30,739,525$251,507,817
71$503,744,278$60,920,828$31,688,509$275,613,806
72$555,042,859$63,822,613$32,666,739$302,117,240
73$611,571,270$66,863,960$33,675,114$331,260,098
74$673,862,871$70,051,626$34,714,562$363,308,934
75$742,505,423$73,392,695$35,786,039$398,557,372
76$818,146,634$76,894,595$36,890,529$437,328,866
77$901,500,276$80,565,116$38,029,048$479,979,732
78$993,352,925$84,412,427$39,202,641$526,902,499
79$1,094,571,382$88,445,095$40,412,389$578,529,597
80$1,206,110,860$92,672,102$41,659,401$635,337,415
81$1,329,024,001$97,102,867$42,944,824$697,850,785
82$1,464,470,812$101,747,270$44,269,838$766,647,910
83$1,613,729,617$106,615,670$45,635,660$842,365,807
84$1,778,209,129$111,718,928$47,043,545$925,706,293
85$1,959,461,742$117,068,438$48,494,786$1,017,442,590
86$2,159,198,193$122,676,144$49,990,715$1,118,426,598
87$2,379,303,710$128,554,577$51,532,705$1,229,596,913
88$2,621,855,809$134,716,872$53,122,172$1,351,987,660
89$2,889,143,911$141,176,808$54,760,574$1,486,738,228
90$3,183,690,952$147,948,833$56,449,415$1,635,103,998
91$3,508,277,203$155,048,100$58,190,244$1,798,468,160
92$3,865,966,520$162,490,499$59,984,660$1,978,354,742
93$4,260,135,266$170,292,695$61,834,307$2,176,442,965
94$4,694,504,189$178,472,163$63,740,882$2,394,583,057
95$5,173,173,549$187,047,231$65,706,134$2,634,813,685
96$5,700,661,826$196,037,121$67,731,865$2,899,381,163
97$6,281,948,382$205,461,989$69,819,931$3,190,760,620
98$6,922,520,466$215,342,976$71,972,249$3,511,679,320
99$7,628,425,024$225,702,252$74,190,789$3,865,142,370
100$8,406,325,781$236,563,068$76,477,586$4,254,461,039