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%12%
1 years$734,954$728,407$722,020$715,786$709,698$703,752
2 years$363,838$357,062$350,495$344,128$337,952$331,959
3 years$240,150$233,344$226,794$220,486$214,410$208,556
4 years$178,317$171,533$165,048$158,848$152,919$147,249
5 years$141,228$134,484$128,084$122,010$116,247$110,777
6 years$116,509$109,816$103,511$97,573$91,982$86,720
7 years$98,860$92,223$86,018$80,220$74,806$69,754
8 years$85,629$79,052$72,950$67,294$62,059$57,217
9 years$75,344$68,829$62,832$57,320$52,263$47,629
10 years$67,121$60,670$54,778$49,410$44,530$40,103
11 years$60,397$54,011$48,226$43,002$38,298$34,072
12 years$54,798$48,477$42,799$37,718$33,188$29,161
13 years$50,064$43,809$38,238$33,300$28,940$25,108
14 years$46,010$39,821$34,357$29,560$25,369$21,726
15 years$42,499$36,377$31,020$26,362$22,337$18,878
16 years$39,430$33,376$28,124$23,604$19,741$16,461
17 years$36,726$30,738$25,592$21,208$17,504$14,396
18 years$34,324$28,403$23,362$19,113$15,564$12,623
19 years$32,178$26,324$21,387$17,270$13,872$11,093
20 years$30,248$24,461$19,628$15,642$12,391$9,767
21 years$28,505$22,785$18,054$14,196$11,089$8,614
22 years$26,922$21,269$16,639$12,907$9,939$7,608
23 years$25,479$19,892$15,363$11,755$8,922$6,728
24 years$24,159$18,638$14,209$10,721$8,019$5,956
25 years$22,946$17,490$13,160$9,791$7,216$5,278
26 years$21,828$16,438$12,205$8,952$6,500$4,681
27 years$20,794$15,470$11,334$8,194$5,860$4,155
28 years$19,836$14,578$10,536$7,508$5,288$3,690
29 years$18,946$13,752$9,805$6,885$4,775$3,280
30 years$18,117$12,988$9,133$6,319$4,314$2,916
31 years$17,342$12,278$8,514$5,803$3,901$2,594
32 years$16,618$11,617$7,944$5,333$3,528$2,309
33 years$15,939$11,002$7,417$4,904$3,193$2,055
34 years$15,301$10,427$6,930$4,512$2,891$1,830
35 years$14,701$9,890$6,479$4,154$2,619$1,630
36 years$14,135$9,387$6,061$3,826$2,373$1,453
37 years$13,602$8,915$5,673$3,525$2,150$1,295
38 years$13,097$8,473$5,313$3,249$1,949$1,154
39 years$12,620$8,057$4,977$2,996$1,768$1,029
40 years$12,168$7,665$4,665$2,763$1,604$917
41 years$11,739$7,297$4,375$2,549$1,455$818
42 years$11,331$6,949$4,104$2,353$1,320$730
43 years$10,943$6,621$3,851$2,172$1,198$651
44 years$10,574$6,311$3,614$2,005$1,087$581
45 years$10,223$6,018$3,394$1,852$987$518
46 years$9,888$5,741$3,188$1,711$896$462
47 years$9,568$5,479$2,995$1,580$814$413
48 years$9,262$5,230$2,814$1,460$739$368
49 years$8,969$4,995$2,645$1,350$671$329
50 years$8,690$4,771$2,487$1,248$610$293

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 $2,463 every year, while hoping to spend $32,535 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: 30/47/23 Blend
29$8,900,000$8,900,000$8,900,000$8,900,000
30$9,810,341$9,338,641$9,200,691$10,034,423
31$10,776,378$9,761,617$9,474,297$10,629,652
32$11,839,862$10,204,229$9,755,978$11,266,484
33$13,010,695$10,667,404$10,045,971$11,950,923
34$14,299,794$11,152,114$10,344,519$12,687,113
35$15,719,183$11,659,379$10,651,871$13,479,592
36$17,282,116$12,190,264$10,968,285$14,333,329
37$19,003,195$12,745,890$11,294,026$15,253,767
38$20,898,511$13,327,429$11,629,365$16,246,866
39$22,985,794$13,936,107$11,974,584$17,319,162
40$25,284,582$14,573,214$12,329,969$18,477,817
41$27,816,405$15,240,097$12,695,819$19,730,683
42$30,604,987$15,938,171$13,072,438$21,086,375
43$33,676,471$16,668,916$13,460,139$22,554,340
44$37,059,664$17,433,886$13,859,247$24,144,943
45$40,786,310$18,234,707$14,270,093$25,869,562
46$44,891,392$19,073,085$14,693,018$27,740,682
47$49,413,455$19,950,808$15,128,376$29,772,013
48$54,394,977$20,869,748$15,576,527$31,978,607
49$59,882,768$21,831,868$16,037,843$34,376,995
50$65,928,407$22,839,227$16,512,708$36,985,336
51$72,588,736$23,893,980$17,001,515$39,823,578
52$79,926,391$24,998,389$17,504,670$42,913,641
53$88,010,395$26,154,822$18,022,588$46,279,609
54$96,916,811$27,365,764$18,555,700$49,947,956
55$106,729,455$28,633,816$19,104,446$53,947,780
56$117,540,694$29,961,707$19,669,279$58,311,070
57$129,452,311$31,352,297$20,250,666$63,072,997
58$142,576,471$32,808,584$20,849,088$68,272,235
59$157,036,776$34,333,710$21,465,037$73,951,313
60$172,969,433$35,930,968$22,099,022$80,157,007
61$190,524,542$37,603,811$22,751,566$86,940,765
62$209,867,506$39,355,859$23,423,204$94,359,182
63$231,180,600$41,190,905$24,114,490$102,474,521
64$254,664,689$43,112,927$24,825,993$111,355,284
65$280,541,120$45,126,093$25,558,297$121,076,841
66$309,053,817$47,234,774$26,312,002$131,722,134
67$340,471,580$49,443,552$27,087,728$143,382,432
68$375,090,625$51,757,230$27,886,111$156,158,185
69$413,237,377$54,180,842$28,707,804$170,159,946
70$455,271,555$56,719,668$29,553,480$185,509,401
71$501,589,563$59,379,242$30,423,832$202,340,495
72$552,628,238$62,165,364$31,319,570$220,800,676
73$608,868,969$65,084,118$32,241,426$241,052,263
74$670,842,243$68,141,879$33,190,153$263,273,958
75$739,132,653$71,345,332$34,166,524$287,662,508
76$814,384,416$74,701,486$35,171,336$314,434,537
77$897,307,457$78,217,689$36,205,406$343,828,561
78$988,684,107$81,901,645$37,269,576$376,107,219
79$1,089,376,490$85,761,430$38,364,711$411,559,718
80$1,200,334,665$89,805,513$39,491,702$450,504,532
81$1,322,605,589$94,042,772$40,651,462$493,292,382
82$1,457,343,007$98,482,515$41,844,933$540,309,508
83$1,605,818,337$103,134,502$43,073,083$591,981,284
84$1,769,432,682$108,008,967$44,336,905$648,776,196
85$1,949,730,047$113,116,638$45,637,423$711,210,226
86$2,148,411,923$118,468,764$46,975,688$779,851,682
87$2,367,353,347$124,077,141$48,352,781$855,326,525
88$2,608,620,604$129,954,136$49,769,814$938,324,231
89$2,874,490,733$136,112,717$51,227,931$1,029,604,254
90$3,167,473,026$142,566,478$52,728,305$1,130,003,149
91$3,490,332,717$149,329,678$54,272,145$1,240,442,418
92$3,846,117,085$156,417,263$55,860,693$1,361,937,158
93$4,238,184,228$163,844,909$57,495,227$1,495,605,588
94$4,670,234,760$171,629,050$59,177,057$1,642,679,546
95$5,146,346,752$179,786,921$60,907,536$1,804,516,061
96$5,671,014,231$188,336,590$62,688,048$1,982,610,096
97$6,249,189,606$197,297,006$64,520,021$2,178,608,601
98$6,886,330,425$206,688,039$66,404,921$2,394,325,984
99$7,588,450,897$216,530,521$68,344,255$2,631,761,175
100$8,362,178,672$226,846,301$70,339,571$2,893,116,414