Can I retire at age 30 with 9,700,000?

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 $9,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$801,017$793,882$786,921$780,126$773,492$752,656
2 years$396,543$389,158$382,000$375,061$368,329$347,487
3 years$261,736$254,319$247,180$240,305$233,683$213,486
4 years$194,346$186,951$179,883$173,126$166,665$147,268
5 years$153,922$146,572$139,597$132,978$126,696$108,153
6 years$126,982$119,687$112,815$106,343$100,250$82,579
7 years$107,746$100,513$93,750$87,431$81,530$64,731
8 years$93,326$86,158$79,507$73,343$67,637$51,702
9 years$82,117$75,016$68,480$62,472$56,960$41,874
10 years$73,154$66,123$59,702$53,852$48,533$34,277
11 years$65,826$58,866$52,561$46,867$41,740$28,292
12 years$59,723$52,835$46,646$41,109$36,171$23,507
13 years$54,564$47,747$41,675$36,293$31,542$19,634
14 years$50,145$43,401$37,446$32,217$27,649$16,470
15 years$46,319$39,647$33,808$28,732$24,345$13,865
16 years$42,975$36,376$30,652$25,726$21,516$11,706
17 years$40,027$33,501$27,892$23,115$19,078$9,908
18 years$37,409$30,956$25,462$20,831$16,963$8,402
19 years$35,070$28,690$23,309$18,823$15,119$7,138
20 years$32,967$26,660$21,392$17,047$13,505$6,072
21 years$31,067$24,833$19,677$15,472$12,085$5,172
22 years$29,342$23,180$18,135$14,067$10,833$4,410
23 years$27,770$21,680$16,744$12,811$9,724$3,763
24 years$26,330$20,313$15,486$11,685$8,740$3,213
25 years$25,008$19,063$14,343$10,671$7,865$2,746
26 years$23,790$17,916$13,302$9,757$7,084$2,348
27 years$22,663$16,861$12,352$8,931$6,387$2,008
28 years$21,619$15,888$11,483$8,183$5,763$1,718
29 years$20,649$14,988$10,686$7,504$5,204$1,471
30 years$19,745$14,155$9,954$6,887$4,702$1,259
31 years$18,901$13,381$9,280$6,325$4,251$1,078
32 years$18,111$12,661$8,658$5,813$3,846$924
33 years$17,371$11,990$8,084$5,345$3,480$791
34 years$16,676$11,364$7,553$4,918$3,151$678
35 years$16,022$10,779$7,062$4,527$2,854$581
36 years$15,406$10,231$6,606$4,170$2,586$498
37 years$14,824$9,717$6,183$3,842$2,344$427
38 years$14,275$9,234$5,790$3,541$2,125$366
39 years$13,754$8,781$5,425$3,265$1,927$314
40 years$13,261$8,354$5,085$3,011$1,748$269
41 years$12,794$7,953$4,768$2,778$1,586$231
42 years$12,350$7,574$4,472$2,564$1,439$198
43 years$11,927$7,216$4,197$2,367$1,306$170
44 years$11,525$6,879$3,939$2,186$1,185$145
45 years$11,142$6,559$3,699$2,018$1,076$125
46 years$10,776$6,257$3,474$1,864$977$107
47 years$10,428$5,971$3,264$1,723$887$92
48 years$10,094$5,701$3,067$1,592$806$79
49 years$9,776$5,444$2,883$1,471$732$67
50 years$9,471$5,200$2,710$1,360$665$58

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $9,700,000, adding $4,652 every year, while hoping to spend $31,360 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: 64/28/8 Blend
29$9,700,000$9,700,000$9,700,000$9,700,000
30$10,694,199$10,180,099$10,029,749$11,361,371
31$11,751,640$10,645,557$10,332,378$12,272,016
32$12,915,889$11,132,771$10,644,095$13,262,101
33$14,197,808$11,642,775$10,965,170$14,342,646
34$15,609,364$12,176,650$11,295,883$15,522,433
35$17,163,746$12,735,532$11,636,521$16,811,120
36$18,875,484$13,320,610$11,987,381$18,219,330
37$20,760,592$13,933,129$12,348,767$19,758,748
38$22,836,715$14,574,395$12,720,994$21,442,228
39$25,123,297$15,245,777$13,104,384$23,283,912
40$27,641,764$15,948,710$13,499,271$25,299,361
41$30,415,724$16,684,697$13,905,997$27,505,695
42$33,471,195$17,455,315$14,324,915$29,921,757
43$36,836,846$18,262,214$14,756,389$32,568,280
44$40,544,268$19,107,126$15,200,792$35,468,087
45$44,628,274$19,991,866$15,658,509$38,646,293
46$49,127,226$20,918,336$16,129,938$42,130,547
47$54,083,398$21,888,530$16,615,485$45,951,283
48$59,543,373$22,904,536$17,115,572$50,142,004
49$65,558,485$23,968,546$17,630,632$54,739,593
50$72,185,301$25,082,855$18,161,109$59,784,659
51$79,486,158$26,249,871$18,707,462$65,321,910
52$87,529,748$27,472,117$19,270,163$71,400,575
53$96,391,768$28,752,236$19,849,700$78,074,858
54$106,155,635$30,093,002$20,446,571$85,404,447
55$116,913,271$31,497,321$21,061,292$93,455,069
56$128,765,973$32,968,238$21,694,395$102,299,107
57$141,825,369$34,508,948$22,346,423$112,016,271
58$156,214,469$36,122,799$23,017,941$122,694,349
59$172,068,829$37,813,301$23,709,526$134,430,025
60$189,537,830$39,584,132$24,421,775$147,329,784
61$208,786,084$41,439,150$25,155,300$161,510,907
62$229,994,996$43,382,400$25,910,734$177,102,576
63$253,364,467$45,418,119$26,688,725$194,247,078
64$279,114,789$47,550,753$27,489,944$213,101,138
65$307,488,719$49,784,962$28,315,078$233,837,396
66$338,753,772$52,125,629$29,164,838$256,646,019
67$373,204,750$54,577,877$30,039,952$281,736,487
68$411,166,516$57,147,075$30,941,173$309,339,562
69$452,997,072$59,838,853$31,869,273$339,709,451
70$499,090,929$62,659,113$32,825,049$373,126,195
71$549,882,836$65,614,041$33,809,321$409,898,301
72$605,851,884$68,710,128$34,822,932$450,365,635
73$667,526,026$71,954,174$35,866,750$494,902,624
74$735,487,063$75,353,312$36,941,669$543,921,770
75$810,376,138$78,915,019$38,048,610$597,877,529
76$892,899,785$82,647,135$39,188,519$657,270,588
77$983,836,600$86,557,882$40,362,371$722,652,570
78$1,084,044,593$90,655,878$41,571,170$794,631,227
79$1,194,469,286$94,950,160$42,815,949$873,876,159
80$1,316,152,640$99,450,205$44,097,770$961,125,109
81$1,450,242,892$104,165,948$45,417,728$1,057,190,917
82$1,598,005,395$109,107,806$46,776,949$1,162,969,162
83$1,760,834,561$114,286,705$48,176,593$1,279,446,603
84$1,940,267,029$119,714,096$49,617,852$1,407,710,461
85$2,137,996,171$125,401,992$51,101,954$1,548,958,669
86$2,355,888,074$131,362,984$52,630,164$1,704,511,144
87$2,595,999,166$137,610,277$54,203,782$1,875,822,229
88$2,860,595,619$144,157,720$55,824,148$2,064,494,390
89$3,152,174,754$151,019,830$57,492,638$2,272,293,315
90$3,473,488,610$158,211,832$59,210,673$2,501,164,551
91$3,827,569,928$165,749,692$60,979,710$2,753,251,842
92$4,217,760,783$173,650,149$62,801,252$3,030,917,328
93$4,647,744,134$181,930,758$64,676,846$3,336,763,810
94$5,121,578,598$190,609,927$66,608,083$3,673,659,289
95$5,643,736,761$199,706,960$68,596,600$4,044,763,994
96$6,219,147,407$209,242,097$70,644,082$4,453,560,186
97$6,853,242,048$219,236,565$72,752,264$4,903,884,978
98$7,552,006,202$229,712,622$74,922,930$5,399,966,524
99$8,322,035,905$240,693,610$77,157,918$5,946,463,883
100$9,170,599,977$252,204,007$79,459,118$6,548,510,956