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

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 $8,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$734,954$728,407$722,020$715,786$709,698$685,883
2 years$363,838$357,062$350,495$344,128$337,952$314,193
3 years$240,150$233,344$226,794$220,486$214,410$191,454
4 years$178,317$171,533$165,048$158,848$152,919$130,942
5 years$141,228$134,484$128,084$122,010$116,247$95,306
6 years$116,509$109,816$103,511$97,573$91,982$72,095
7 years$98,860$92,223$86,018$80,220$74,806$55,969
8 years$85,629$79,052$72,950$67,294$62,059$44,258
9 years$75,344$68,829$62,832$57,320$52,263$35,477
10 years$67,121$60,670$54,778$49,410$44,530$28,733
11 years$60,397$54,011$48,226$43,002$38,298$23,457
12 years$54,798$48,477$42,799$37,718$33,188$19,272
13 years$50,064$43,809$38,238$33,300$28,940$15,912
14 years$46,010$39,821$34,357$29,560$25,369$13,192
15 years$42,499$36,377$31,020$26,362$22,337$10,973
16 years$39,430$33,376$28,124$23,604$19,741$9,152
17 years$36,726$30,738$25,592$21,208$17,504$7,650
18 years$34,324$28,403$23,362$19,113$15,564$6,406
19 years$32,178$26,324$21,387$17,270$13,872$5,373
20 years$30,248$24,461$19,628$15,642$12,391$4,512
21 years$28,505$22,785$18,054$14,196$11,089$3,793
22 years$26,922$21,269$16,639$12,907$9,939$3,191
23 years$25,479$19,892$15,363$11,755$8,922$2,687
24 years$24,159$18,638$14,209$10,721$8,019$2,264
25 years$22,946$17,490$13,160$9,791$7,216$1,908
26 years$21,828$16,438$12,205$8,952$6,500$1,609
27 years$20,794$15,470$11,334$8,194$5,860$1,358
28 years$19,836$14,578$10,536$7,508$5,288$1,146
29 years$18,946$13,752$9,805$6,885$4,775$967
30 years$18,117$12,988$9,133$6,319$4,314$817
31 years$17,342$12,278$8,514$5,803$3,901$690
32 years$16,618$11,617$7,944$5,333$3,528$582
33 years$15,939$11,002$7,417$4,904$3,193$492
34 years$15,301$10,427$6,930$4,512$2,891$416
35 years$14,701$9,890$6,479$4,154$2,619$351
36 years$14,135$9,387$6,061$3,826$2,373$297
37 years$13,602$8,915$5,673$3,525$2,150$251
38 years$13,097$8,473$5,313$3,249$1,949$212
39 years$12,620$8,057$4,977$2,996$1,768$179
40 years$12,168$7,665$4,665$2,763$1,604$151
41 years$11,739$7,297$4,375$2,549$1,455$128
42 years$11,331$6,949$4,104$2,353$1,320$108
43 years$10,943$6,621$3,851$2,172$1,198$91
44 years$10,574$6,311$3,614$2,005$1,087$77
45 years$10,223$6,018$3,394$1,852$987$65
46 years$9,888$5,741$3,188$1,711$896$55
47 years$9,568$5,479$2,995$1,580$814$47
48 years$9,262$5,230$2,814$1,460$739$39
49 years$8,969$4,995$2,645$1,350$671$33
50 years$8,690$4,771$2,487$1,248$610$28

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 $3,399 every year, while hoping to spend $49,669 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: 81/12/7 Blend
29$8,900,000$8,900,000$8,900,000$8,900,000
30$9,811,306$9,339,606$9,201,656$10,598,813
31$10,759,212$9,744,399$9,457,064$11,519,485
32$11,802,139$10,167,363$9,719,364$12,522,793
33$12,949,728$10,609,334$9,988,733$13,622,433
34$14,212,600$11,071,191$10,265,355$14,828,009
35$15,602,458$11,553,852$10,549,417$16,150,097
36$17,132,196$12,058,279$10,841,110$17,600,344
37$18,816,025$12,585,478$11,140,632$19,191,572
38$20,669,598$13,136,506$11,448,182$20,937,903
39$22,710,167$13,712,465$11,763,966$22,854,892
40$24,956,741$14,314,513$12,088,196$24,959,665
41$27,430,265$14,943,860$12,421,087$27,271,087
42$30,153,819$15,601,776$12,762,860$29,809,935
43$33,152,833$16,289,588$13,113,741$32,599,094
44$36,455,332$17,008,687$13,473,960$35,663,770
45$40,092,194$17,760,531$13,843,756$39,031,728
46$44,097,446$18,546,645$14,223,371$42,733,549
47$48,508,583$19,368,629$14,613,051$46,802,921
48$53,366,922$20,228,155$15,013,052$51,276,955
49$58,717,991$21,126,977$15,423,632$56,196,530
50$64,611,960$22,066,933$15,845,057$61,606,678
51$71,104,113$23,049,945$16,277,599$67,557,010
52$78,255,369$24,078,030$16,721,536$74,102,178
53$86,132,862$25,153,298$17,177,152$81,302,392
54$94,810,564$26,277,961$17,644,738$89,223,982
55$104,369,996$27,454,335$18,124,590$97,940,027
56$114,900,985$28,684,846$18,617,014$107,531,038
57$126,502,520$29,972,039$19,122,318$118,085,717
58$139,283,683$31,318,575$19,640,822$129,701,791
59$153,364,680$32,727,245$20,172,850$142,486,932
60$168,877,970$34,200,974$20,718,734$156,559,770
61$185,969,524$35,742,823$21,278,813$172,051,012
62$204,800,196$37,356,001$21,853,433$189,104,668
63$225,547,242$39,043,872$22,442,950$207,879,409
64$248,405,996$40,809,957$23,047,724$228,550,065
65$273,591,711$42,657,947$23,668,125$251,309,267
66$301,341,589$44,591,711$24,304,532$276,369,260
67$331,917,027$46,615,300$24,957,329$303,963,911
68$365,606,075$48,732,961$25,626,910$334,350,903
69$402,726,161$50,949,142$26,313,679$367,814,168
70$443,627,086$53,268,507$27,018,044$404,666,562
71$488,694,326$55,695,941$27,740,425$445,252,815
72$538,352,669$58,236,564$28,481,251$489,952,776
73$593,070,225$60,895,740$29,240,957$539,184,999
74$653,362,848$63,679,091$30,019,989$593,410,683
75$719,799,001$66,592,509$30,818,802$653,138,028
76$793,005,127$69,642,169$31,637,859$718,927,017
77$873,671,555$72,834,541$32,477,633$791,394,705
78$962,559,027$76,176,407$33,338,606$871,221,030
79$1,060,505,869$79,674,872$34,221,271$959,155,234
80$1,168,435,913$83,337,386$35,126,128$1,056,022,918
81$1,287,367,212$87,171,754$36,053,690$1,162,733,840
82$1,418,421,654$91,186,157$37,004,475$1,280,290,488
83$1,562,835,554$95,389,170$37,979,017$1,409,797,537
84$1,721,971,321$99,789,780$38,977,854$1,552,472,274
85$1,897,330,323$104,397,405$40,001,539$1,709,656,074
86$2,090,567,056$109,221,919$41,050,631$1,882,827,061
87$2,303,504,772$114,273,669$42,125,703$2,073,614,048
88$2,538,152,681$119,563,501$43,227,336$2,283,811,905
89$2,796,724,925$125,102,783$44,356,122$2,515,398,494
90$3,081,661,478$130,903,430$45,512,664$2,770,553,330
91$3,395,651,185$136,977,934$46,697,574$3,051,678,145
92$3,741,657,139$143,339,386$47,911,476$3,361,419,551
93$4,122,944,660$150,001,509$49,155,003$3,702,694,012
94$4,543,112,121$156,978,689$50,428,802$4,078,715,366
95$5,006,124,917$164,286,004$51,733,527$4,493,025,151
96$5,516,352,903$171,939,262$53,069,843$4,949,526,023
97$6,078,611,644$179,955,032$54,438,429$5,452,518,592
98$6,698,207,886$188,350,683$55,839,970$6,006,742,000
99$7,380,989,647$197,144,423$57,275,166$6,617,418,649
100$8,133,401,432$206,355,340$58,744,724$7,290,303,487