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%19.2%
1 years$734,954$728,407$722,020$715,786$709,698$683,431
2 years$363,838$357,062$350,495$344,128$337,952$311,784
3 years$240,150$233,344$226,794$220,486$214,410$189,166
4 years$178,317$171,533$165,048$158,848$152,919$128,790
5 years$141,228$134,484$128,084$122,010$116,247$93,296
6 years$116,509$109,816$103,511$97,573$91,982$70,226
7 years$98,860$92,223$86,018$80,220$74,806$54,239
8 years$85,629$79,052$72,950$67,294$62,059$42,662
9 years$75,344$68,829$62,832$57,320$52,263$34,009
10 years$67,121$60,670$54,778$49,410$44,530$27,388
11 years$60,397$54,011$48,226$43,002$38,298$22,229
12 years$54,798$48,477$42,799$37,718$33,188$18,153
13 years$50,064$43,809$38,238$33,300$28,940$14,897
14 years$46,010$39,821$34,357$29,560$25,369$12,273
15 years$42,499$36,377$31,020$26,362$22,337$10,144
16 years$39,430$33,376$28,124$23,604$19,741$8,405
17 years$36,726$30,738$25,592$21,208$17,504$6,979
18 years$34,324$28,403$23,362$19,113$15,564$5,805
19 years$32,178$26,324$21,387$17,270$13,872$4,836
20 years$30,248$24,461$19,628$15,642$12,391$4,033
21 years$28,505$22,785$18,054$14,196$11,089$3,367
22 years$26,922$21,269$16,639$12,907$9,939$2,813
23 years$25,479$19,892$15,363$11,755$8,922$2,352
24 years$24,159$18,638$14,209$10,721$8,019$1,967
25 years$22,946$17,490$13,160$9,791$7,216$1,646
26 years$21,828$16,438$12,205$8,952$6,500$1,378
27 years$20,794$15,470$11,334$8,194$5,860$1,154
28 years$19,836$14,578$10,536$7,508$5,288$967
29 years$18,946$13,752$9,805$6,885$4,775$810
30 years$18,117$12,988$9,133$6,319$4,314$679
31 years$17,342$12,278$8,514$5,803$3,901$569
32 years$16,618$11,617$7,944$5,333$3,528$477
33 years$15,939$11,002$7,417$4,904$3,193$400
34 years$15,301$10,427$6,930$4,512$2,891$336
35 years$14,701$9,890$6,479$4,154$2,619$281
36 years$14,135$9,387$6,061$3,826$2,373$236
37 years$13,602$8,915$5,673$3,525$2,150$198
38 years$13,097$8,473$5,313$3,249$1,949$166
39 years$12,620$8,057$4,977$2,996$1,768$139
40 years$12,168$7,665$4,665$2,763$1,604$117
41 years$11,739$7,297$4,375$2,549$1,455$98
42 years$11,331$6,949$4,104$2,353$1,320$82
43 years$10,943$6,621$3,851$2,172$1,198$69
44 years$10,574$6,311$3,614$2,005$1,087$58
45 years$10,223$6,018$3,394$1,852$987$48
46 years$9,888$5,741$3,188$1,711$896$41
47 years$9,568$5,479$2,995$1,580$814$34
48 years$9,262$5,230$2,814$1,460$739$29
49 years$8,969$4,995$2,645$1,350$671$24
50 years$8,690$4,771$2,487$1,248$610$20

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 $4,251 every year, while hoping to spend $49,870 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: 65/25/10 Blend
29$8,900,000$8,900,000$8,900,000$8,900,000
30$9,812,185$9,340,485$9,202,535$10,428,733
31$10,759,966$9,745,107$9,457,759$11,244,823
32$11,802,750$10,167,885$9,719,861$12,129,868
33$12,950,174$10,609,654$9,989,019$13,095,581
34$14,212,857$11,071,292$10,265,416$14,149,816
35$15,602,498$11,553,716$10,549,238$15,301,215
36$17,131,991$12,057,886$10,840,676$16,559,285
37$18,815,541$12,584,809$11,139,925$17,934,484
38$20,668,799$13,135,538$11,447,185$19,438,322
39$22,709,013$13,711,176$11,762,663$21,083,463
40$24,955,187$14,312,878$12,086,566$22,883,844
41$27,428,261$14,941,853$12,419,111$24,854,805
42$30,151,309$15,599,370$12,760,516$27,013,229
43$33,149,757$16,286,753$13,111,008$29,377,700
44$36,451,622$17,005,394$13,470,817$31,968,674
45$40,087,775$17,756,746$13,840,177$34,808,671
46$44,092,236$18,542,335$14,219,331$37,922,484
47$48,502,490$19,363,755$14,608,525$41,337,408
48$53,359,845$20,222,681$15,008,011$45,083,496
49$58,709,819$21,120,861$15,418,049$49,193,839
50$64,602,569$22,060,131$15,838,902$53,704,874
51$71,093,366$23,042,413$16,270,840$58,656,723
52$78,243,116$24,069,718$16,714,140$64,093,569
53$86,118,935$25,144,156$17,169,086$70,064,071
54$94,794,781$26,267,934$17,635,964$76,621,813
55$104,352,153$27,443,367$18,115,073$83,825,811
56$114,880,857$28,672,877$18,606,713$91,741,060
57$126,479,861$29,959,003$19,111,194$100,439,148
58$139,258,219$31,304,407$19,628,831$109,998,922
59$153,336,108$32,711,873$20,159,947$120,507,230
60$168,845,958$34,184,323$20,704,873$132,059,730
61$185,933,705$35,724,814$21,263,945$144,761,793
62$204,760,164$37,336,550$21,837,508$158,729,488
63$225,502,550$39,022,891$22,425,914$174,090,672
64$248,356,150$40,787,352$23,029,523$190,986,188
65$273,536,166$42,633,622$23,648,700$209,571,191
66$301,279,746$44,565,560$24,283,823$230,016,601
67$331,848,222$46,587,215$24,935,273$252,510,712
68$365,529,578$48,702,825$25,603,442$277,260,959
69$402,641,167$50,916,835$26,288,729$304,495,870
70$443,532,706$53,233,901$26,991,542$334,467,210
71$488,589,580$55,658,899$27,712,296$367,452,354
72$538,236,476$58,196,944$28,451,416$403,756,889
73$592,941,393$60,853,392$29,209,336$443,717,494
74$653,220,064$63,633,856$29,986,497$487,705,106
75$719,640,817$66,544,221$30,783,351$536,128,408
76$792,829,943$69,590,652$31,600,357$589,437,680
77$873,477,613$72,779,609$32,437,984$648,129,031
78$962,344,383$76,117,864$33,296,710$712,749,075
79$1,060,268,384$79,612,513$34,177,024$783,900,077
80$1,168,173,227$83,270,993$35,079,422$862,245,622
81$1,287,076,724$87,101,099$36,004,410$948,516,865
82$1,418,100,497$91,111,000$36,952,505$1,043,519,422
83$1,562,480,566$95,309,258$37,924,232$1,148,140,952
84$1,721,579,017$99,704,845$38,920,128$1,263,359,528
85$1,896,896,862$104,307,168$39,940,737$1,390,252,847
86$2,090,088,205$109,126,082$40,986,615$1,530,008,389
87$2,302,975,864$114,171,922$42,058,328$1,683,934,606
88$2,537,568,571$119,455,515$43,156,451$1,853,473,253
89$2,796,079,943$124,988,213$44,281,571$2,040,212,982
90$3,080,949,376$130,781,914$45,434,282$2,245,904,314
91$3,394,865,073$136,849,089$46,615,191$2,472,476,145
92$3,740,789,425$143,202,809$47,824,914$2,722,053,926
93$4,121,986,977$149,856,777$49,064,079$2,996,979,711
94$4,542,055,246$156,825,356$50,333,323$3,299,834,235
95$5,004,958,684$164,123,602$51,633,292$3,633,461,250
96$5,515,066,108$171,767,296$52,964,646$4,000,994,348
97$6,077,191,940$179,772,983$54,328,051$4,405,886,509
98$6,696,641,664$188,158,005$55,724,187$4,851,942,669
99$7,379,261,908$196,940,542$57,153,741$5,343,355,608
100$8,131,495,645$206,139,651$58,617,414$5,884,745,499