Can I retire at age 30 with 9,600,000?

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 $9,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$792,759$785,698$778,808$772,084$765,517$760,693
2 years$392,455$385,146$378,062$371,194$364,532$359,666
3 years$259,038$251,697$244,631$237,828$231,274$226,516
4 years$192,342$185,024$178,029$171,341$164,947$160,334
5 years$152,335$145,061$138,158$131,607$125,390$120,936
6 years$125,673$118,453$111,652$105,247$99,217$94,928
7 years$106,636$99,477$92,783$86,529$80,690$76,568
8 years$92,364$85,270$78,688$72,587$66,940$62,985
9 years$81,270$74,243$67,774$61,828$56,373$52,584
10 years$72,400$65,441$59,087$53,297$48,033$44,407
11 years$65,147$58,259$52,019$46,384$41,310$37,846
12 years$59,108$52,290$46,165$40,685$35,798$32,492
13 years$54,001$47,255$41,246$35,919$31,217$28,066
14 years$49,628$42,953$37,060$31,885$27,364$24,365
15 years$45,842$39,239$33,460$28,435$24,094$21,242
16 years$42,532$36,001$30,336$25,461$21,294$18,586
17 years$39,614$33,155$27,605$22,876$18,881$16,311
18 years$37,024$30,637$25,200$20,616$16,788$14,353
19 years$34,708$28,394$23,069$18,629$14,963$12,658
20 years$32,627$26,385$21,172$16,872$13,366$11,186
21 years$30,747$24,577$19,474$15,312$11,961$9,902
22 years$29,040$22,941$17,948$13,922$10,721$8,778
23 years$27,483$21,457$16,572$12,679$9,624$7,792
24 years$26,059$20,104$15,326$11,564$8,650$6,925
25 years$24,750$18,866$14,195$10,561$7,784$6,160
26 years$23,544$17,731$13,165$9,657$7,011$5,485
27 years$22,430$16,687$12,225$8,839$6,321$4,888
28 years$21,396$15,724$11,365$8,098$5,704$4,358
29 years$20,436$14,834$10,576$7,426$5,150$3,889
30 years$19,541$14,009$9,851$6,816$4,654$3,472
31 years$18,706$13,243$9,184$6,260$4,207$3,101
32 years$17,925$12,531$8,569$5,753$3,806$2,771
33 years$17,192$11,867$8,001$5,290$3,444$2,477
34 years$16,504$11,247$7,475$4,867$3,118$2,215
35 years$15,857$10,668$6,989$4,481$2,825$1,982
36 years$15,247$10,125$6,538$4,127$2,559$1,773
37 years$14,671$9,617$6,119$3,802$2,319$1,587
38 years$14,127$9,139$5,731$3,504$2,103$1,421
39 years$13,613$8,690$5,369$3,231$1,907$1,272
40 years$13,125$8,268$5,032$2,980$1,730$1,139
41 years$12,662$7,871$4,719$2,750$1,569$1,020
42 years$12,222$7,496$4,426$2,538$1,424$914
43 years$11,804$7,142$4,153$2,343$1,292$819
44 years$11,406$6,808$3,899$2,163$1,173$734
45 years$11,027$6,492$3,661$1,998$1,065$657
46 years$10,665$6,193$3,438$1,845$967$589
47 years$10,320$5,910$3,230$1,705$878$528
48 years$9,990$5,642$3,036$1,575$797$473
49 years$9,675$5,388$2,853$1,456$724$424
50 years$9,373$5,146$2,682$1,346$658$380

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $9,600,000, adding $3,845 every year, while hoping to spend $37,430 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: 56/31/13 Blend
29$9,600,000$9,600,000$9,600,000$9,600,000
30$10,583,166$10,074,366$9,925,566$11,140,412
31$11,622,824$10,528,185$10,218,247$11,972,263
32$12,767,272$11,002,986$10,519,479$12,873,494
33$14,027,160$11,499,759$10,829,508$13,854,295
34$15,414,222$12,019,538$11,148,588$14,922,278
35$16,941,387$12,563,410$11,476,980$16,085,811
36$18,622,903$13,132,512$11,814,953$17,354,091
37$20,474,469$13,728,035$12,162,784$18,737,232
38$22,513,383$14,351,227$12,520,756$20,246,354
39$24,758,708$15,003,397$12,889,161$21,893,685
40$27,231,449$15,685,915$13,268,300$23,692,673
41$29,954,750$16,400,219$13,658,481$25,658,111
42$32,954,117$17,147,813$14,060,024$27,806,271
43$36,257,656$17,930,274$14,473,253$30,155,054
44$39,896,335$18,749,256$14,898,505$32,724,155
45$43,904,282$19,606,490$15,336,126$35,535,244
46$48,319,103$20,503,792$15,786,470$38,612,166
47$53,182,239$21,443,065$16,249,904$41,981,164
48$58,539,353$22,426,301$16,726,802$45,671,117
49$64,440,768$23,455,591$17,217,551$49,713,810
50$70,941,935$24,533,123$17,722,547$54,144,230
51$78,103,959$25,661,193$18,242,199$59,000,886
52$85,994,177$26,842,206$18,776,927$64,326,174
53$94,686,791$28,078,682$19,327,162$70,166,761
54$104,263,570$29,373,264$19,893,348$76,574,028
55$114,814,620$30,728,720$20,475,942$83,604,543
56$126,439,237$32,147,952$21,075,411$91,320,591
57$139,246,840$33,634,003$21,692,239$99,790,751
58$153,358,009$35,190,061$22,326,920$109,090,538
59$168,905,620$36,819,467$22,979,965$119,303,108
60$186,036,097$38,525,725$23,651,898$130,520,032
61$204,910,799$40,312,505$24,343,256$142,842,156
62$225,707,539$42,183,657$25,054,595$156,380,536
63$248,622,266$44,143,215$25,786,482$171,257,485
64$273,870,911$46,195,406$26,539,503$187,607,712
65$301,691,427$48,344,663$27,314,259$205,579,586
66$332,346,034$50,595,634$28,111,368$225,336,522
67$366,123,697$52,953,187$28,931,466$247,058,515
68$403,342,849$55,422,429$29,775,206$270,943,825
69$444,354,404$58,008,711$30,643,259$297,210,839
70$489,545,060$60,717,645$31,536,315$326,100,114
71$539,340,958$63,555,112$32,455,084$357,876,638
72$594,211,700$66,527,277$33,400,293$392,832,315
73$654,674,784$69,640,604$34,372,694$431,288,706
74$721,300,487$72,901,869$35,373,054$473,600,048
75$794,717,252$76,318,175$36,402,167$520,156,582
76$875,617,616$79,896,971$37,460,844$571,388,218
77$964,764,753$83,646,062$38,549,921$627,768,577
78$1,062,999,672$87,573,634$39,670,259$689,819,442
79$1,171,249,165$91,688,267$40,822,738$758,115,661
80$1,290,534,546$95,998,959$42,008,267$833,290,557
81$1,421,981,303$100,515,141$43,227,776$916,041,883
82$1,566,829,714$105,246,701$44,482,225$1,007,138,386
83$1,726,446,562$110,204,006$45,772,596$1,107,427,036
84$1,902,338,035$115,397,927$47,099,902$1,217,841,006
85$2,096,163,947$120,839,857$48,465,181$1,339,408,444
86$2,309,753,406$126,541,747$49,869,502$1,473,262,159
87$2,545,122,083$132,516,123$51,313,960$1,620,650,284
88$2,804,491,241$138,776,118$52,799,683$1,782,948,028
89$3,090,308,705$145,335,505$54,327,829$1,961,670,625
90$3,405,271,969$152,208,721$55,899,588$2,158,487,610
91$3,752,353,667$159,410,905$57,516,181$2,375,238,543
92$4,134,829,633$166,957,932$59,178,866$2,613,950,337
93$4,556,309,828$174,866,443$60,888,930$2,876,856,358
94$5,020,772,422$183,153,890$62,647,701$3,166,417,466
95$5,532,601,349$191,838,570$64,456,538$3,485,345,209
96$6,096,627,695$200,939,669$66,316,841$3,836,627,375
97$6,718,175,310$210,477,303$68,230,045$4,223,556,154
98$7,403,111,068$220,472,567$70,197,628$4,649,759,167
99$8,157,900,251$230,947,577$72,221,103$5,119,233,669
100$8,989,667,595$241,925,527$74,302,028$5,636,384,227