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%13.5%
1 years$734,954$728,407$722,020$715,786$709,698$699,382
2 years$363,838$357,062$350,495$344,128$337,952$327,579
3 years$240,150$233,344$226,794$220,486$214,410$204,305
4 years$178,317$171,533$165,048$158,848$152,919$143,159
5 years$141,228$134,484$128,084$122,010$116,247$106,859
6 years$116,509$109,816$103,511$97,573$91,982$82,979
7 years$98,860$92,223$86,018$80,220$74,806$66,190
8 years$85,629$79,052$72,950$67,294$62,059$53,829
9 years$75,344$68,829$62,832$57,320$52,263$44,414
10 years$67,121$60,670$54,778$49,410$44,530$37,058
11 years$60,397$54,011$48,226$43,002$38,298$31,194
12 years$54,798$48,477$42,799$37,718$33,188$26,445
13 years$50,064$43,809$38,238$33,300$28,940$22,548
14 years$46,010$39,821$34,357$29,560$25,369$19,317
15 years$42,499$36,377$31,020$26,362$22,337$16,615
16 years$39,430$33,376$28,124$23,604$19,741$14,339
17 years$36,726$30,738$25,592$21,208$17,504$12,409
18 years$34,324$28,403$23,362$19,113$15,564$10,765
19 years$32,178$26,324$21,387$17,270$13,872$9,358
20 years$30,248$24,461$19,628$15,642$12,391$8,149
21 years$28,505$22,785$18,054$14,196$11,089$7,106
22 years$26,922$21,269$16,639$12,907$9,939$6,206
23 years$25,479$19,892$15,363$11,755$8,922$5,425
24 years$24,159$18,638$14,209$10,721$8,019$4,747
25 years$22,946$17,490$13,160$9,791$7,216$4,158
26 years$21,828$16,438$12,205$8,952$6,500$3,644
27 years$20,794$15,470$11,334$8,194$5,860$3,196
28 years$19,836$14,578$10,536$7,508$5,288$2,805
29 years$18,946$13,752$9,805$6,885$4,775$2,462
30 years$18,117$12,988$9,133$6,319$4,314$2,163
31 years$17,342$12,278$8,514$5,803$3,901$1,900
32 years$16,618$11,617$7,944$5,333$3,528$1,670
33 years$15,939$11,002$7,417$4,904$3,193$1,469
34 years$15,301$10,427$6,930$4,512$2,891$1,291
35 years$14,701$9,890$6,479$4,154$2,619$1,136
36 years$14,135$9,387$6,061$3,826$2,373$999
37 years$13,602$8,915$5,673$3,525$2,150$879
38 years$13,097$8,473$5,313$3,249$1,949$774
39 years$12,620$8,057$4,977$2,996$1,768$681
40 years$12,168$7,665$4,665$2,763$1,604$600
41 years$11,739$7,297$4,375$2,549$1,455$528
42 years$11,331$6,949$4,104$2,353$1,320$465
43 years$10,943$6,621$3,851$2,172$1,198$409
44 years$10,574$6,311$3,614$2,005$1,087$360
45 years$10,223$6,018$3,394$1,852$987$317
46 years$9,888$5,741$3,188$1,711$896$280
47 years$9,568$5,479$2,995$1,580$814$246
48 years$9,262$5,230$2,814$1,460$739$217
49 years$8,969$4,995$2,645$1,350$671$191
50 years$8,690$4,771$2,487$1,248$610$168

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 $4,505 every year, while hoping to spend $21,962 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: 39/49/12 Blend
29$8,900,000$8,900,000$8,900,000$8,900,000
30$9,812,447$9,340,747$9,202,797$10,159,447
31$10,789,949$9,775,076$9,487,723$10,840,043
32$11,866,420$10,229,951$9,781,458$11,572,978
33$13,051,933$10,706,356$10,084,275$12,364,971
34$14,357,584$11,205,322$10,396,452$13,221,357
35$15,795,604$11,727,929$10,718,279$14,147,982
36$17,379,468$12,275,310$11,050,055$15,151,258
37$19,124,027$12,848,654$11,392,085$16,238,216
38$21,045,645$13,449,205$11,744,686$17,416,568
39$23,162,353$14,078,268$12,108,186$18,694,775
40$25,494,022$14,737,212$12,482,919$20,082,121
41$28,062,548$15,427,471$12,869,232$21,588,799
42$30,892,060$16,150,549$13,267,484$23,225,996
43$34,009,147$16,908,023$13,678,041$25,005,994
44$37,443,108$17,701,545$14,101,284$26,942,283
45$41,226,233$18,532,848$14,537,605$29,049,679
46$45,394,099$19,403,749$14,987,405$31,344,458
47$49,985,916$20,316,151$15,451,102$33,844,500
48$55,044,890$21,272,052$15,929,124$36,569,455
49$60,618,631$22,273,546$16,421,913$39,540,915
50$66,759,608$23,322,826$16,929,923$42,782,615
51$73,525,637$24,422,194$17,453,625$46,320,645
52$80,980,433$25,574,062$17,993,502$50,183,687
53$89,194,206$26,780,960$18,550,053$54,403,280
54$98,244,328$28,045,540$19,123,793$59,014,102
55$108,216,060$29,370,582$19,715,250$64,054,292
56$119,203,359$30,759,001$20,324,972$69,565,798
57$131,309,765$32,213,855$20,953,522$75,594,759
58$144,649,375$33,738,348$21,601,479$82,191,933
59$159,347,925$35,335,841$22,269,442$89,413,159
60$175,543,973$37,009,857$22,958,028$97,319,875
61$193,390,208$38,764,090$23,667,872$105,979,681
62$213,054,893$40,602,414$24,399,630$115,466,965
63$234,723,451$42,528,891$25,153,976$125,863,591
64$258,600,216$44,547,779$25,931,607$137,259,652
65$284,910,362$46,663,545$26,733,240$149,754,309
66$313,902,031$48,880,870$27,559,615$163,456,706
67$345,848,670$51,204,665$28,411,494$178,486,984
68$381,051,618$53,640,078$29,289,664$194,977,397
69$419,842,948$56,192,506$30,194,932$213,073,537
70$462,588,602$58,867,612$31,128,136$232,935,694
71$509,691,846$61,671,331$32,090,134$254,740,340
72$561,597,075$64,609,888$33,081,815$278,681,777
73$618,794,012$67,689,808$34,104,091$304,973,947
74$681,822,329$70,917,936$35,157,906$333,852,425
75$751,276,741$74,301,450$36,244,231$365,576,618
76$827,812,623$77,847,874$37,364,066$400,432,184
77$912,152,192$81,565,102$38,518,444$438,733,703
78$1,005,091,331$85,461,408$39,708,427$480,827,617
79$1,107,507,101$89,545,471$40,935,114$527,095,463
80$1,220,366,018$93,826,391$42,199,632$577,957,451
81$1,344,733,179$98,313,712$43,503,148$633,876,388
82$1,481,782,321$103,017,441$44,846,861$695,362,015
83$1,632,806,895$107,948,073$46,232,008$762,975,779
84$1,799,232,284$113,116,614$47,659,866$837,336,097
85$1,982,629,253$118,534,604$49,131,747$919,124,149
86$2,184,728,784$124,214,148$50,649,008$1,009,090,265
87$2,407,438,415$130,167,936$52,213,045$1,108,060,963
88$2,652,860,248$136,409,279$53,825,297$1,216,946,707
89$2,923,310,797$142,952,137$55,487,247$1,336,750,445
90$3,221,342,853$149,811,147$57,200,425$1,468,577,032
91$3,549,769,592$157,001,661$58,966,407$1,613,643,600
92$3,911,691,125$164,539,777$60,786,817$1,773,290,992
93$4,310,523,773$172,442,380$62,663,329$1,948,996,360
94$4,750,032,317$180,727,175$64,597,669$2,142,387,048
95$5,234,365,538$189,412,731$66,591,615$2,355,255,884
96$5,768,095,390$198,518,522$68,647,002$2,589,578,039
97$6,356,260,161$208,064,971$70,765,717$2,847,529,603
98$7,004,412,038$218,073,496$72,949,710$3,131,508,044
99$7,718,669,527$228,566,558$75,200,986$3,444,154,768
100$8,505,775,215$239,567,716$77,521,616$3,788,379,972