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%14.4%
1 years$726,696$720,223$713,907$707,743$701,724$688,966
2 years$359,750$353,050$346,557$340,261$334,154$321,346
3 years$237,451$230,722$224,245$218,009$212,001$199,542
4 years$176,314$169,605$163,193$157,063$151,201$139,187
5 years$139,641$132,973$126,645$120,639$114,941$103,406
6 years$115,200$108,582$102,348$96,476$90,949$79,906
7 years$97,749$91,187$85,051$79,318$73,966$63,419
8 years$84,667$78,164$72,130$66,538$61,362$51,308
9 years$74,498$68,056$62,126$56,676$51,675$42,108
10 years$66,367$59,988$54,163$48,855$44,030$34,941
11 years$59,718$53,404$47,684$42,519$37,867$29,246
12 years$54,182$47,932$42,318$37,295$32,815$24,650
13 years$49,501$43,317$37,809$32,925$28,615$20,894
14 years$45,493$39,374$33,971$29,228$25,084$17,792
15 years$42,022$35,969$30,671$26,066$22,086$15,209
16 years$38,987$33,001$27,808$23,339$19,520$13,043
17 years$36,313$30,392$25,304$20,970$17,307$11,216
18 years$33,938$28,084$23,100$18,898$15,389$9,667
19 years$31,816$26,028$21,147$17,076$13,717$8,347
20 years$29,908$24,186$19,407$15,466$12,252$7,220
21 years$28,185$22,529$17,851$14,036$10,964$6,254
22 years$26,620$21,030$16,452$12,762$9,828$5,424
23 years$25,193$19,669$15,191$11,623$8,822$4,709
24 years$23,887$18,428$14,049$10,601$7,929$4,092
25 years$22,688$17,294$13,012$9,681$7,135$3,558
26 years$21,582$16,254$12,068$8,852$6,427$3,096
27 years$20,560$15,296$11,206$8,102$5,795$2,696
28 years$19,613$14,414$10,418$7,423$5,229$2,349
29 years$18,733$13,598$9,695$6,807$4,721$2,047
30 years$17,913$12,842$9,030$6,248$4,266$1,785
31 years$17,147$12,140$8,419$5,738$3,857$1,556
32 years$16,431$11,487$7,855$5,273$3,489$1,358
33 years$15,760$10,878$7,334$4,849$3,157$1,185
34 years$15,129$10,310$6,852$4,462$2,859$1,034
35 years$14,536$9,779$6,407$4,107$2,589$903
36 years$13,976$9,281$5,993$3,783$2,346$788
37 years$13,449$8,815$5,609$3,485$2,126$688
38 years$12,950$8,378$5,253$3,212$1,928$601
39 years$12,478$7,966$4,922$2,962$1,748$525
40 years$12,031$7,579$4,613$2,732$1,585$459
41 years$11,607$7,215$4,325$2,521$1,438$401
42 years$11,204$6,871$4,057$2,326$1,305$350
43 years$10,820$6,547$3,807$2,147$1,185$306
44 years$10,456$6,240$3,574$1,983$1,075$267
45 years$10,108$5,951$3,356$1,831$976$234
46 years$9,777$5,677$3,152$1,691$886$204
47 years$9,460$5,417$2,961$1,563$805$178
48 years$9,158$5,172$2,783$1,444$731$156
49 years$8,869$4,939$2,615$1,335$664$136
50 years$8,592$4,718$2,459$1,233$603$119

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 $2,113 every year, while hoping to spend $49,458 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: 47/35/18 Blend
29$8,800,000$8,800,000$8,800,000$8,800,000
30$9,699,780$9,233,380$9,096,980$10,106,095
31$10,636,534$9,633,192$9,349,105$10,788,870
32$11,667,180$10,050,938$9,608,020$11,524,342
33$12,801,242$10,487,444$9,873,898$12,321,564
34$14,049,215$10,943,574$10,146,920$13,186,323
35$15,422,661$11,420,236$10,427,268$14,124,974
36$16,934,323$11,918,378$10,715,132$15,144,502
37$18,598,238$12,438,993$11,010,703$16,252,577
38$20,429,876$12,983,121$11,314,179$17,457,630
39$22,446,282$13,551,852$11,625,763$18,768,927
40$24,666,236$14,146,327$11,945,660$20,196,653
41$27,110,435$14,767,739$12,274,082$21,752,005
42$29,801,681$15,417,341$12,611,246$23,447,294
43$32,765,104$16,096,441$12,957,373$25,296,056
44$36,028,390$16,806,412$13,312,690$27,313,179
45$39,622,050$17,548,691$13,677,430$29,515,037
46$43,579,705$18,324,783$14,051,830$31,919,638
47$47,938,402$19,136,264$14,436,133$34,546,796
48$52,738,962$19,984,784$14,830,587$37,418,307
49$58,026,372$20,872,074$15,235,447$40,558,152
50$63,850,200$21,799,944$15,650,973$43,992,719
51$70,265,071$22,770,292$16,077,431$47,751,047
52$77,331,176$23,785,104$16,515,093$51,865,091
53$85,114,844$24,846,463$16,964,237$56,370,023
54$93,689,168$25,956,549$17,425,148$61,304,552
55$103,134,689$27,117,646$17,898,117$66,711,289
56$113,540,164$28,332,147$18,383,440$72,637,138
57$125,003,399$29,602,560$18,881,423$79,133,734
58$137,632,170$30,931,511$19,392,376$86,257,921
59$151,545,247$32,321,750$19,916,616$94,072,283
60$166,873,508$33,776,161$20,454,468$102,645,726
61$183,761,176$35,297,763$21,006,263$112,054,122
62$202,367,183$36,889,721$21,572,340$122,381,011
63$222,866,668$38,555,349$22,153,046$133,718,386
64$245,452,628$40,298,122$22,748,733$146,167,551
65$270,337,743$42,121,677$23,359,762$159,840,064
66$297,756,382$44,029,828$23,986,503$174,858,782
67$327,966,814$46,026,570$24,629,332$191,359,012
68$361,253,647$48,116,091$25,288,633$209,489,771
69$397,930,515$50,302,775$25,964,799$229,415,188
70$438,343,037$52,591,221$26,658,229$251,316,035
71$482,872,080$54,986,244$27,369,333$275,391,422
72$531,937,355$57,492,892$28,098,527$301,860,665
73$586,001,375$60,116,453$28,846,238$330,965,342
74$645,573,827$62,862,472$29,612,899$362,971,554
75$711,216,379$65,736,755$30,398,953$398,172,427
76$783,547,983$68,745,389$31,204,851$436,890,861
77$863,250,718$71,894,754$32,031,055$479,482,560
78$951,076,229$75,191,534$32,878,032$526,339,372
79$1,047,852,821$78,642,736$33,746,263$577,892,972
80$1,154,493,279$82,255,701$34,636,233$634,618,915
81$1,272,003,488$86,038,124$35,548,442$697,041,106
82$1,401,491,923$89,998,072$36,483,394$765,736,725
83$1,544,180,117$94,143,995$37,441,605$841,341,653
84$1,701,414,191$98,484,752$38,423,601$924,556,451
85$1,874,677,563$103,029,630$39,429,916$1,016,152,949
86$2,065,604,951$107,788,359$40,461,095$1,116,981,507
87$2,275,997,807$112,771,139$41,517,693$1,227,979,019
88$2,507,841,321$117,988,662$42,600,273$1,350,177,723
89$2,763,323,162$123,452,134$43,709,408$1,484,714,925
90$3,044,854,135$129,173,299$44,845,684$1,632,843,697
91$3,355,090,936$135,164,469$46,009,694$1,795,944,679
92$3,696,961,234$141,438,550$47,202,040$1,975,539,080
93$4,073,691,309$148,009,068$48,423,338$2,173,303,000
94$4,488,836,512$154,890,203$49,674,210$2,391,083,222
95$4,946,314,830$162,096,816$50,955,289$2,630,914,601
96$5,450,443,872$169,644,489$52,267,221$2,895,039,242
97$6,005,981,631$177,549,554$53,610,657$3,185,927,618
98$6,618,171,405$185,829,129$54,986,261$3,506,301,852
99$7,292,791,295$194,501,163$56,394,708$3,859,161,370
100$8,036,208,755$203,584,468$57,836,679$4,247,811,166