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%13.7%
1 years$801,017$793,882$786,921$780,126$773,492$761,618
2 years$396,543$389,158$382,000$375,061$368,329$356,396
3 years$261,736$254,319$247,180$240,305$233,683$222,061
4 years$194,346$186,951$179,883$173,126$166,665$155,444
5 years$153,922$146,572$139,597$132,978$126,696$115,908
6 years$126,982$119,687$112,815$106,343$100,250$89,908
7 years$107,746$100,513$93,750$87,431$81,530$71,637
8 years$93,326$86,158$79,507$73,343$67,637$58,191
9 years$82,117$75,016$68,480$62,472$56,960$47,957
10 years$73,154$66,123$59,702$53,852$48,533$39,965
11 years$65,826$58,866$52,561$46,867$41,740$33,599
12 years$59,723$52,835$46,646$41,109$36,171$28,447
13 years$54,564$47,747$41,675$36,293$31,542$24,224
14 years$50,145$43,401$37,446$32,217$27,649$20,725
15 years$46,319$39,647$33,808$28,732$24,345$17,802
16 years$42,975$36,376$30,652$25,726$21,516$15,341
17 years$40,027$33,501$27,892$23,115$19,078$13,258
18 years$37,409$30,956$25,462$20,831$16,963$11,485
19 years$35,070$28,690$23,309$18,823$15,119$9,969
20 years$32,967$26,660$21,392$17,047$13,505$8,668
21 years$31,067$24,833$19,677$15,472$12,085$7,548
22 years$29,342$23,180$18,135$14,067$10,833$6,581
23 years$27,770$21,680$16,744$12,811$9,724$5,744
24 years$26,330$20,313$15,486$11,685$8,740$5,019
25 years$25,008$19,063$14,343$10,671$7,865$4,389
26 years$23,790$17,916$13,302$9,757$7,084$3,840
27 years$22,663$16,861$12,352$8,931$6,387$3,363
28 years$21,619$15,888$11,483$8,183$5,763$2,946
29 years$20,649$14,988$10,686$7,504$5,204$2,582
30 years$19,745$14,155$9,954$6,887$4,702$2,264
31 years$18,901$13,381$9,280$6,325$4,251$1,986
32 years$18,111$12,661$8,658$5,813$3,846$1,743
33 years$17,371$11,990$8,084$5,345$3,480$1,530
34 years$16,676$11,364$7,553$4,918$3,151$1,343
35 years$16,022$10,779$7,062$4,527$2,854$1,180
36 years$15,406$10,231$6,606$4,170$2,586$1,036
37 years$14,824$9,717$6,183$3,842$2,344$910
38 years$14,275$9,234$5,790$3,541$2,125$800
39 years$13,754$8,781$5,425$3,265$1,927$703
40 years$13,261$8,354$5,085$3,011$1,748$617
41 years$12,794$7,953$4,768$2,778$1,586$543
42 years$12,350$7,574$4,472$2,564$1,439$477
43 years$11,927$7,216$4,197$2,367$1,306$419
44 years$11,525$6,879$3,939$2,186$1,185$369
45 years$11,142$6,559$3,699$2,018$1,076$324
46 years$10,776$6,257$3,474$1,864$977$285
47 years$10,428$5,971$3,264$1,723$887$250
48 years$10,094$5,701$3,067$1,592$806$220
49 years$9,776$5,444$2,883$1,471$732$194
50 years$9,471$5,200$2,710$1,360$665$170

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 $2,336 every year, while hoping to spend $34,034 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: 60/15/25 Blend
29$9,700,000$9,700,000$9,700,000$9,700,000
30$10,691,810$10,177,710$10,027,360$11,261,521
31$11,746,162$10,640,205$10,327,064$12,111,840
32$12,906,918$11,124,223$10,635,668$13,035,315
33$14,184,895$11,630,781$10,953,434$14,042,213
34$15,592,011$12,160,946$11,280,631$15,140,653
35$17,141,401$12,715,838$11,617,538$16,339,566
36$18,847,538$13,296,628$11,964,439$17,648,781
37$20,726,369$13,904,544$12,321,630$19,079,112
38$22,795,467$14,540,875$12,689,412$20,642,457
39$25,074,195$15,206,968$13,068,098$22,351,914
40$27,583,892$15,904,239$13,458,008$24,221,896
41$30,348,069$16,634,167$13,859,472$26,268,269
42$33,392,638$17,398,307$14,272,830$28,508,496
43$36,746,148$18,198,285$14,698,431$30,961,802
44$40,440,061$19,035,807$15,136,634$33,649,349
45$44,509,046$19,912,660$15,587,810$36,594,439
46$48,991,307$20,830,718$16,052,340$39,822,724
47$53,928,941$21,791,945$16,530,615$43,362,452
48$59,368,341$22,798,398$17,023,038$47,244,722
49$65,360,628$23,852,235$17,530,026$51,503,785
50$71,962,134$24,955,717$18,052,003$56,177,353
51$79,234,937$26,111,213$18,589,411$61,306,959
52$87,247,445$27,321,207$19,142,701$66,938,341
53$96,075,042$28,588,303$19,712,339$73,121,874
54$105,800,796$29,915,230$20,298,802$79,913,036
55$116,516,250$31,304,848$20,902,584$87,372,931
56$128,322,278$32,760,157$21,524,192$95,568,863
57$141,330,045$34,284,299$22,164,147$104,574,961
58$155,662,049$35,880,569$22,822,985$114,472,879
59$171,453,282$37,552,421$23,501,259$125,352,560
60$188,852,503$39,303,476$24,199,537$137,313,079
61$208,023,640$41,137,528$24,918,403$150,463,576
62$229,147,341$43,058,556$25,658,460$164,924,275
63$252,422,675$45,070,732$26,420,324$180,827,619
64$278,069,017$47,178,426$27,204,634$198,319,509
65$306,328,112$49,386,224$28,012,044$217,560,678
66$337,466,359$51,698,929$28,843,227$238,728,200
67$371,777,331$54,121,580$29,698,878$262,017,157
68$409,584,538$56,659,456$30,579,710$287,642,470
69$451,244,486$59,318,095$31,486,456$315,840,921
70$497,150,042$62,103,300$32,419,871$346,873,384
71$547,734,142$65,021,157$33,380,732$381,027,272
72$603,473,876$68,078,045$34,369,838$418,619,249
73$664,894,994$71,280,653$35,388,010$459,998,206
74$732,576,870$74,635,991$36,436,095$505,548,547
75$807,157,969$78,151,413$37,514,963$555,693,806
76$889,341,876$81,834,626$38,625,508$610,900,639
77$979,903,935$85,693,711$39,768,650$671,683,213
78$1,079,698,574$89,737,140$40,945,337$738,608,054
79$1,189,667,365$93,973,797$42,156,543$812,299,379
80$1,310,847,919$98,412,995$43,403,270$893,444,981
81$1,444,383,676$103,064,501$44,686,548$982,802,706
82$1,591,534,701$107,938,552$46,007,438$1,081,207,595
83$1,753,689,584$113,045,884$47,367,031$1,189,579,753
84$1,932,378,543$118,397,754$48,766,447$1,308,933,024
85$2,129,287,873$124,005,962$50,206,842$1,440,384,540
86$2,346,275,866$129,882,885$51,689,401$1,585,165,260
87$2,585,390,354$136,041,496$53,215,346$1,744,631,566
88$2,848,888,043$142,495,401$54,785,932$1,920,278,058
89$3,139,255,813$149,258,866$56,402,451$2,113,751,641
90$3,459,234,204$156,346,848$58,066,231$2,326,867,057
91$3,811,843,280$163,775,032$59,778,638$2,561,623,993
92$4,200,411,149$171,559,863$61,541,077$2,820,225,945
93$4,628,605,376$179,718,586$63,354,992$3,105,100,996
94$5,100,467,612$188,269,284$65,221,872$3,418,924,713
95$5,620,451,746$197,230,917$67,143,243$3,764,645,389
96$6,193,465,961$206,623,368$69,120,677$4,145,511,848
97$6,824,919,061$216,467,485$71,155,792$4,565,104,092
98$7,520,771,544$226,785,131$73,250,250$5,027,367,070
99$8,287,591,869$237,599,229$75,405,761$5,536,647,898
100$9,132,618,468$248,933,820$77,624,082$6,097,736,865