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

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 $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%12.6%
1 years$801,017$793,882$786,921$780,126$773,492$765,096
2 years$396,543$389,158$382,000$375,061$368,329$359,876
3 years$261,736$254,319$247,180$240,305$233,683$225,434
4 years$194,346$186,951$179,883$173,126$166,665$158,684
5 years$153,922$146,572$139,597$132,978$126,696$119,007
6 years$126,982$119,687$112,815$106,343$100,250$92,862
7 years$107,746$100,513$93,750$87,431$81,530$74,446
8 years$93,326$86,158$79,507$73,343$67,637$60,857
9 years$82,117$75,016$68,480$62,472$56,960$50,481
10 years$73,154$66,123$59,702$53,852$48,533$42,350
11 years$65,826$58,866$52,561$46,867$41,740$35,849
12 years$59,723$52,835$46,646$41,109$36,171$30,566
13 years$54,564$47,747$41,675$36,293$31,542$26,215
14 years$50,145$43,401$37,446$32,217$27,649$22,594
15 years$46,319$39,647$33,808$28,732$24,345$19,553
16 years$42,975$36,376$30,652$25,726$21,516$16,980
17 years$40,027$33,501$27,892$23,115$19,078$14,788
18 years$37,409$30,956$25,462$20,831$16,963$12,912
19 years$35,070$28,690$23,309$18,823$15,119$11,298
20 years$32,967$26,660$21,392$17,047$13,505$9,903
21 years$31,067$24,833$19,677$15,472$12,085$8,695
22 years$29,342$23,180$18,135$14,067$10,833$7,645
23 years$27,770$21,680$16,744$12,811$9,724$6,730
24 years$26,330$20,313$15,486$11,685$8,740$5,931
25 years$25,008$19,063$14,343$10,671$7,865$5,231
26 years$23,790$17,916$13,302$9,757$7,084$4,618
27 years$22,663$16,861$12,352$8,931$6,387$4,079
28 years$21,619$15,888$11,483$8,183$5,763$3,605
29 years$20,649$14,988$10,686$7,504$5,204$3,189
30 years$19,745$14,155$9,954$6,887$4,702$2,821
31 years$18,901$13,381$9,280$6,325$4,251$2,497
32 years$18,111$12,661$8,658$5,813$3,846$2,212
33 years$17,371$11,990$8,084$5,345$3,480$1,959
34 years$16,676$11,364$7,553$4,918$3,151$1,736
35 years$16,022$10,779$7,062$4,527$2,854$1,539
36 years$15,406$10,231$6,606$4,170$2,586$1,364
37 years$14,824$9,717$6,183$3,842$2,344$1,209
38 years$14,275$9,234$5,790$3,541$2,125$1,073
39 years$13,754$8,781$5,425$3,265$1,927$951
40 years$13,261$8,354$5,085$3,011$1,748$844
41 years$12,794$7,953$4,768$2,778$1,586$749
42 years$12,350$7,574$4,472$2,564$1,439$664
43 years$11,927$7,216$4,197$2,367$1,306$590
44 years$11,525$6,879$3,939$2,186$1,185$523
45 years$11,142$6,559$3,699$2,018$1,076$464
46 years$10,776$6,257$3,474$1,864$977$412
47 years$10,428$5,971$3,264$1,723$887$366
48 years$10,094$5,701$3,067$1,592$806$325
49 years$9,776$5,444$2,883$1,471$732$288
50 years$9,471$5,200$2,710$1,360$665$256

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 $4,270 every year, while hoping to spend $31,369 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: 51/27/22 Blend
29$9,700,000$9,700,000$9,700,000$9,700,000
30$10,693,805$10,179,705$10,029,355$11,173,384
31$11,751,196$10,645,134$10,331,962$11,971,030
32$12,915,390$11,132,317$10,643,654$12,834,262
33$14,197,248$11,642,289$10,964,705$13,772,207
34$15,608,737$12,176,130$11,295,391$14,791,961
35$17,163,043$12,734,976$11,636,002$15,901,322
36$18,874,698$13,320,015$11,986,834$17,108,862
37$20,759,715$13,932,493$12,348,190$18,424,002
38$22,835,737$14,573,716$12,720,385$19,857,100
39$25,122,207$15,245,053$13,103,743$21,419,543
40$27,640,549$15,947,938$13,498,595$23,123,856
41$30,414,373$16,683,874$13,905,286$24,983,809
42$33,469,692$17,454,438$14,324,167$27,014,552
43$36,835,176$18,261,280$14,755,601$29,232,746
44$40,542,414$19,106,132$15,199,963$31,656,720
45$44,626,216$19,990,809$15,657,638$34,306,642
46$49,124,943$20,917,212$16,129,022$37,204,698
47$54,080,866$21,887,334$16,614,524$40,375,303
48$59,540,567$22,903,266$17,114,562$43,845,326
49$65,555,376$23,967,196$17,629,571$47,644,333
50$72,181,857$25,081,423$18,159,995$51,804,866
51$79,482,345$26,248,351$18,706,293$56,362,745
52$87,525,528$27,470,503$19,268,938$61,357,395
53$96,387,098$28,750,525$19,848,414$66,832,217
54$106,150,469$30,091,187$20,445,222$72,834,990
55$116,907,558$31,495,396$21,059,879$79,418,314
56$128,759,657$32,966,199$21,692,912$86,640,099
57$141,818,387$34,506,788$22,344,870$94,564,109
58$156,206,753$36,120,511$23,016,314$103,260,551
59$172,060,303$37,810,877$23,707,822$112,806,730
60$189,528,410$39,581,566$24,419,990$123,287,775
61$208,775,680$41,436,435$25,153,431$134,797,430
62$229,983,505$43,379,526$25,908,777$147,438,930
63$253,351,779$45,415,078$26,686,677$161,325,968
64$279,100,780$47,547,537$27,487,800$176,583,755
65$307,473,253$49,781,560$28,312,835$193,350,196
66$338,736,701$52,122,033$29,162,491$211,777,176
67$373,185,908$54,574,075$30,037,498$232,031,988
68$411,145,722$57,143,057$30,938,606$254,298,894
69$452,974,126$59,834,607$31,866,589$278,780,857
70$499,065,610$62,654,626$32,822,244$305,701,442
71$549,854,901$65,609,302$33,806,388$335,306,913
72$605,821,066$68,705,122$34,819,866$367,868,544
73$667,492,029$71,948,888$35,863,546$403,685,165
74$735,449,563$75,347,730$36,938,322$443,085,965
75$810,334,775$78,909,126$38,045,113$486,433,587
76$892,854,164$82,640,915$39,184,866$534,127,533
77$983,786,286$86,551,317$40,358,556$586,607,917
78$1,083,989,106$90,648,950$41,567,187$644,359,603
79$1,194,408,097$94,942,851$42,811,789$707,916,759
80$1,316,085,166$99,442,493$44,093,427$777,867,884
81$1,450,168,490$104,157,813$45,413,195$854,861,338
82$1,597,923,357$109,099,227$46,772,218$939,611,446
83$1,760,744,107$114,277,657$48,171,655$1,032,905,212
84$1,940,167,300$119,704,555$49,612,699$1,135,609,728
85$2,137,886,218$125,391,932$51,096,578$1,248,680,335
86$2,355,766,854$131,352,378$52,624,555$1,373,169,611
87$2,595,865,526$137,599,098$54,197,931$1,510,237,284
88$2,860,448,292$144,145,937$55,818,044$1,661,161,150
89$3,152,012,342$151,007,411$57,486,272$1,827,349,105
90$3,473,309,572$158,198,746$59,204,033$2,010,352,404
91$3,827,372,566$165,735,902$60,972,786$2,211,880,275
92$4,217,543,227$173,635,620$62,794,034$2,433,816,014
93$4,647,504,322$181,915,452$64,669,320$2,678,234,736
94$5,121,314,258$190,593,804$66,600,237$2,947,422,921
95$5,643,445,389$199,689,977$68,588,421$3,243,899,960
96$6,218,826,242$209,224,210$70,635,558$3,570,441,901
97$6,852,888,050$219,217,727$72,743,380$3,930,107,611
98$7,551,616,020$229,692,785$74,913,672$4,326,267,606
99$8,321,605,845$240,672,722$77,148,271$4,762,635,826
100$9,170,125,970$252,182,014$79,449,066$5,243,304,644