Can I retire at age 30 with 8,900,000?

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 $8,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$734,954$728,407$722,020$715,786$709,698$699,093
2 years$363,838$357,062$350,495$344,128$337,952$327,291
3 years$240,150$233,344$226,794$220,486$214,410$204,026
4 years$178,317$171,533$165,048$158,848$152,919$142,891
5 years$141,228$134,484$128,084$122,010$116,247$106,603
6 years$116,509$109,816$103,511$97,573$91,982$82,735
7 years$98,860$92,223$86,018$80,220$74,806$65,959
8 years$85,629$79,052$72,950$67,294$62,059$53,610
9 years$75,344$68,829$62,832$57,320$52,263$44,208
10 years$67,121$60,670$54,778$49,410$44,530$36,863
11 years$60,397$54,011$48,226$43,002$38,298$31,011
12 years$54,798$48,477$42,799$37,718$33,188$26,272
13 years$50,064$43,809$38,238$33,300$28,940$22,386
14 years$46,010$39,821$34,357$29,560$25,369$19,166
15 years$42,499$36,377$31,020$26,362$22,337$16,474
16 years$39,430$33,376$28,124$23,604$19,741$14,207
17 years$36,726$30,738$25,592$21,208$17,504$12,286
18 years$34,324$28,403$23,362$19,113$15,564$10,651
19 years$32,178$26,324$21,387$17,270$13,872$9,252
20 years$30,248$24,461$19,628$15,642$12,391$8,050
21 years$28,505$22,785$18,054$14,196$11,089$7,015
22 years$26,922$21,269$16,639$12,907$9,939$6,121
23 years$25,479$19,892$15,363$11,755$8,922$5,347
24 years$24,159$18,638$14,209$10,721$8,019$4,676
25 years$22,946$17,490$13,160$9,791$7,216$4,092
26 years$21,828$16,438$12,205$8,952$6,500$3,583
27 years$20,794$15,470$11,334$8,194$5,860$3,140
28 years$19,836$14,578$10,536$7,508$5,288$2,753
29 years$18,946$13,752$9,805$6,885$4,775$2,415
30 years$18,117$12,988$9,133$6,319$4,314$2,120
31 years$17,342$12,278$8,514$5,803$3,901$1,861
32 years$16,618$11,617$7,944$5,333$3,528$1,634
33 years$15,939$11,002$7,417$4,904$3,193$1,436
34 years$15,301$10,427$6,930$4,512$2,891$1,262
35 years$14,701$9,890$6,479$4,154$2,619$1,109
36 years$14,135$9,387$6,061$3,826$2,373$975
37 years$13,602$8,915$5,673$3,525$2,150$857
38 years$13,097$8,473$5,313$3,249$1,949$754
39 years$12,620$8,057$4,977$2,996$1,768$663
40 years$12,168$7,665$4,665$2,763$1,604$583
41 years$11,739$7,297$4,375$2,549$1,455$513
42 years$11,331$6,949$4,104$2,353$1,320$451
43 years$10,943$6,621$3,851$2,172$1,198$397
44 years$10,574$6,311$3,614$2,005$1,087$349
45 years$10,223$6,018$3,394$1,852$987$307
46 years$9,888$5,741$3,188$1,711$896$270
47 years$9,568$5,479$2,995$1,580$814$238
48 years$9,262$5,230$2,814$1,460$739$209
49 years$8,969$4,995$2,645$1,350$671$184
50 years$8,690$4,771$2,487$1,248$610$162

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $8,900,000, adding $5,199 every year, while hoping to spend $25,861 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: 66/8/26 Blend
29$8,900,000$8,900,000$8,900,000$8,900,000
30$9,813,163$9,341,463$9,203,513$10,393,892
31$10,786,589$9,771,679$9,484,315$11,216,072
32$11,858,439$10,222,108$9,773,656$12,111,268
33$13,038,723$10,693,715$10,071,797$13,089,474
34$14,338,474$11,187,508$10,379,003$14,158,871
35$15,769,848$11,704,546$10,695,550$15,328,463
36$17,346,241$12,245,937$11,021,719$16,608,162
37$19,082,414$12,812,844$11,357,803$18,008,880
38$20,994,633$13,406,486$11,704,102$19,542,631
39$23,100,821$14,028,139$12,060,925$21,222,641
40$25,420,729$14,679,143$12,428,591$23,063,473
41$27,976,122$15,360,900$12,807,428$25,081,164
42$30,790,984$16,074,881$13,197,773$27,293,370
43$33,891,742$16,822,628$13,599,976$29,719,538
44$37,307,520$17,605,757$14,014,396$32,381,081
45$41,070,410$18,425,962$14,441,401$35,301,582
46$45,215,777$19,285,019$14,881,373$38,507,014
47$49,782,591$20,184,790$15,334,704$42,025,983
48$54,813,796$21,127,226$15,801,798$45,889,996
49$60,356,716$22,114,372$16,283,071$50,133,754
50$66,463,500$23,148,375$16,778,952$54,795,482
51$73,191,612$24,231,481$17,289,882$59,917,284
52$80,604,380$25,366,047$17,816,317$65,545,539
53$88,771,588$26,554,545$18,358,725$71,731,335
54$97,770,137$27,799,564$18,917,589$78,530,950
55$107,684,769$29,103,820$19,493,406$86,006,383
56$118,608,868$30,470,161$20,086,688$94,225,929
57$130,645,344$31,901,570$20,697,964$103,264,829
58$143,907,599$33,401,177$21,327,775$113,205,971
59$158,520,602$34,972,262$21,976,683$124,140,673
60$174,622,065$36,618,264$22,645,264$136,169,542
61$192,363,747$38,342,791$23,334,112$149,403,415
62$211,912,883$40,149,621$24,043,838$163,964,407
63$233,453,763$42,042,719$24,775,073$179,987,061
64$257,189,475$44,026,241$25,528,466$197,619,608
65$283,343,818$46,104,543$26,304,686$217,025,366
66$312,163,416$48,282,193$27,104,422$238,384,280
67$343,920,046$50,563,983$27,928,382$261,894,612
68$378,913,206$52,954,933$28,777,297$287,774,809
69$417,472,937$55,460,309$29,651,921$316,265,562
70$459,962,944$58,085,631$30,553,027$347,632,073
71$506,784,026$60,836,689$31,481,416$382,166,551
72$558,377,863$63,719,552$32,437,909$420,190,968
73$615,231,179$66,740,585$33,423,353$462,060,093
74$677,880,344$69,906,459$34,438,621$508,164,832
75$746,916,436$73,224,172$35,484,611$558,935,915
76$822,990,816$76,701,060$36,562,249$614,847,958
77$906,821,284$80,344,816$37,672,489$676,423,930
78$999,198,849$84,163,507$38,816,312$744,240,090
79$1,100,995,203$88,165,590$39,994,729$818,931,419
80$1,213,170,944$92,359,934$41,208,783$901,197,604
81$1,336,784,649$96,755,839$42,459,546$991,809,637
82$1,473,002,865$101,363,057$43,748,123$1,091,617,088
83$1,623,111,124$106,191,814$45,075,651$1,201,556,113
84$1,788,526,077$111,252,831$46,443,304$1,322,658,288
85$1,970,808,870$116,557,353$47,852,289$1,456,060,331
86$2,171,679,882$122,117,171$49,303,848$1,603,014,834
87$2,393,034,966$127,944,648$50,799,262$1,764,902,069
88$2,636,963,345$134,052,749$52,339,850$1,943,243,015
89$2,905,767,342$140,455,069$53,926,971$2,139,713,702
90$3,201,984,109$147,165,865$55,562,023$2,356,161,024
91$3,528,409,584$154,200,089$57,246,446$2,594,620,167
92$3,888,124,886$161,573,417$58,981,726$2,857,333,801
93$4,284,525,399$169,302,290$60,769,389$3,146,773,253
94$4,721,352,837$177,403,948$62,611,010$3,465,661,812
95$5,202,730,556$185,896,472$64,508,209$3,817,000,433
96$5,733,202,495$194,798,821$66,462,656$4,204,096,052
97$6,317,776,065$204,130,879$68,476,070$4,630,592,792
98$6,961,969,426$213,913,494$70,550,221$5,100,506,346
99$7,671,863,587$224,168,535$72,686,933$5,618,261,879
100$8,454,159,810$234,918,930$74,888,083$6,188,735,784