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%17.2%
1 years$801,017$793,882$786,921$780,126$773,492$750,838
2 years$396,543$389,158$382,000$375,061$368,329$345,690
3 years$261,736$254,319$247,180$240,305$233,683$211,767
4 years$194,346$186,951$179,883$173,126$166,665$145,640
5 years$153,922$146,572$139,597$132,978$126,696$106,620
6 years$126,982$119,687$112,815$106,343$100,250$81,142
7 years$107,746$100,513$93,750$87,431$81,530$63,389
8 years$93,326$86,158$79,507$73,343$67,637$50,452
9 years$82,117$75,016$68,480$62,472$56,960$40,713
10 years$73,154$66,123$59,702$53,852$48,533$33,202
11 years$65,826$58,866$52,561$46,867$41,740$27,299
12 years$59,723$52,835$46,646$41,109$36,171$22,592
13 years$54,564$47,747$41,675$36,293$31,542$18,794
14 years$50,145$43,401$37,446$32,217$27,649$15,701
15 years$46,319$39,647$33,808$28,732$24,345$13,162
16 years$42,975$36,376$30,652$25,726$21,516$11,065
17 years$40,027$33,501$27,892$23,115$19,078$9,323
18 years$37,409$30,956$25,462$20,831$16,963$7,872
19 years$35,070$28,690$23,309$18,823$15,119$6,657
20 years$32,967$26,660$21,392$17,047$13,505$5,637
21 years$31,067$24,833$19,677$15,472$12,085$4,779
22 years$29,342$23,180$18,135$14,067$10,833$4,056
23 years$27,770$21,680$16,744$12,811$9,724$3,445
24 years$26,330$20,313$15,486$11,685$8,740$2,928
25 years$25,008$19,063$14,343$10,671$7,865$2,490
26 years$23,790$17,916$13,302$9,757$7,084$2,118
27 years$22,663$16,861$12,352$8,931$6,387$1,803
28 years$21,619$15,888$11,483$8,183$5,763$1,535
29 years$20,649$14,988$10,686$7,504$5,204$1,308
30 years$19,745$14,155$9,954$6,887$4,702$1,114
31 years$18,901$13,381$9,280$6,325$4,251$950
32 years$18,111$12,661$8,658$5,813$3,846$809
33 years$17,371$11,990$8,084$5,345$3,480$690
34 years$16,676$11,364$7,553$4,918$3,151$588
35 years$16,022$10,779$7,062$4,527$2,854$502
36 years$15,406$10,231$6,606$4,170$2,586$428
37 years$14,824$9,717$6,183$3,842$2,344$365
38 years$14,275$9,234$5,790$3,541$2,125$311
39 years$13,754$8,781$5,425$3,265$1,927$265
40 years$13,261$8,354$5,085$3,011$1,748$226
41 years$12,794$7,953$4,768$2,778$1,586$193
42 years$12,350$7,574$4,472$2,564$1,439$165
43 years$11,927$7,216$4,197$2,367$1,306$140
44 years$11,525$6,879$3,939$2,186$1,185$120
45 years$11,142$6,559$3,699$2,018$1,076$102
46 years$10,776$6,257$3,474$1,864$977$87
47 years$10,428$5,971$3,264$1,723$887$74
48 years$10,094$5,701$3,067$1,592$806$63
49 years$9,776$5,444$2,883$1,471$732$54
50 years$9,471$5,200$2,710$1,360$665$46

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 $5,837 every year, while hoping to spend $32,266 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: 80/13/7 Blend
29$9,700,000$9,700,000$9,700,000$9,700,000
30$10,695,421$10,181,321$10,030,971$11,542,657
31$11,752,023$10,645,875$10,332,678$12,562,980
32$12,915,317$11,132,110$10,643,410$13,677,425
33$14,196,152$11,641,056$10,963,437$14,899,267
34$15,606,481$12,173,790$11,293,034$16,239,211
35$17,159,477$12,731,440$11,632,485$17,709,044
36$18,869,654$13,315,191$11,982,084$19,321,744
37$20,753,007$13,926,284$12,342,131$21,091,604
38$22,827,159$14,566,017$12,712,938$23,034,360
39$25,111,530$15,235,753$13,094,823$25,167,343
40$27,627,522$15,936,920$13,488,115$27,509,638
41$30,398,715$16,671,015$13,893,153$30,082,262
42$33,451,095$17,439,607$14,310,285$32,908,364
43$36,813,297$18,244,338$14,739,870$36,013,438
44$40,516,875$19,086,931$15,182,277$39,425,564
45$44,596,599$19,969,194$15,637,886$43,175,670
46$49,090,785$20,893,018$16,107,088$47,297,822
47$54,041,657$21,860,387$16,590,287$51,829,543
48$59,495,741$22,873,381$17,087,897$56,812,165
49$65,504,310$23,934,180$17,600,344$62,291,219
50$72,123,862$25,045,068$18,128,069$68,316,857
51$79,416,660$26,208,439$18,671,523$74,944,329
52$87,451,312$27,426,806$19,231,172$82,234,496
53$96,303,424$28,702,798$19,807,494$90,254,407
54$106,056,313$30,039,174$20,400,985$99,077,924
55$116,801,789$31,438,826$21,012,150$108,786,421
56$128,641,027$32,904,784$21,641,512$119,469,543
57$141,685,519$34,440,226$22,289,611$131,226,054
58$156,058,128$36,048,482$22,956,998$144,164,764
59$171,894,244$37,733,045$23,644,245$158,405,553
60$189,343,067$39,497,574$24,351,937$174,080,494
61$208,569,011$41,345,907$25,080,678$191,335,105
62$229,753,260$43,282,066$25,831,091$210,329,709
63$253,095,474$45,310,268$26,603,813$231,240,949
64$278,815,676$47,434,935$27,399,505$254,263,447
65$307,156,329$49,660,702$28,218,843$279,611,642
66$338,384,625$51,992,426$29,062,524$307,521,801
67$372,795,005$54,435,203$29,931,267$338,254,252
68$410,711,940$56,994,373$30,825,809$372,095,831
69$452,492,997$59,675,536$31,746,913$409,362,585
70$498,532,207$62,484,562$32,695,358$450,402,752
71$549,263,791$65,427,605$33,671,952$495,600,039
72$605,166,258$68,511,118$34,677,523$545,377,238
73$666,766,920$71,741,866$35,712,924$600,200,213
74$734,646,871$75,126,943$36,779,032$660,582,288
75$809,446,474$78,673,784$37,876,751$727,089,085
76$891,871,402$82,390,188$39,007,010$800,343,859
77$982,699,308$86,284,330$40,170,768$881,033,371
78$1,082,787,156$90,364,780$41,369,007$969,914,362
79$1,193,079,319$94,640,527$42,602,741$1,067,820,691
80$1,314,616,490$99,120,994$43,873,014$1,175,671,193
81$1,448,545,510$103,816,061$45,180,898$1,294,478,348
82$1,596,130,191$108,736,087$46,527,497$1,425,357,827
83$1,758,763,250$113,891,935$47,913,948$1,569,539,013
84$1,937,979,457$119,294,995$49,341,421$1,728,376,597
85$2,135,470,121$124,957,209$50,811,117$1,903,363,353
86$2,353,099,060$130,891,099$52,324,277$2,096,144,221
87$2,592,920,198$137,109,797$53,882,174$2,308,531,823
88$2,857,196,949$143,627,068$55,486,118$2,542,523,560
89$3,148,423,595$150,457,352$57,137,460$2,800,320,455
90$3,469,348,824$157,615,784$58,837,587$3,084,347,919
91$3,823,001,686$165,118,240$60,587,929$3,397,278,629
92$4,212,720,188$172,981,363$62,389,954$3,742,057,749
93$4,642,182,805$181,222,608$64,245,175$4,121,930,715
94$5,115,443,212$189,860,276$66,155,149$4,540,473,853
95$5,636,968,549$198,913,559$68,121,476$5,001,628,130
96$6,211,681,600$208,402,582$70,145,804$5,509,736,335
97$6,845,007,263$218,348,449$72,229,829$6,069,584,059
98$7,542,923,769$228,773,288$74,375,293$6,686,444,856
99$8,312,019,121$239,700,307$76,583,993$7,366,130,004
100$9,159,553,288$251,153,838$78,857,773$8,115,043,345