Can I retire at age 30 with 9,800,000?

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 $9,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$809,275$802,066$795,033$788,169$781,466$766,001
2 years$400,631$393,170$385,938$378,927$372,127$356,611
3 years$264,434$256,941$249,728$242,782$236,092$221,010
4 years$196,349$188,879$181,738$174,911$168,383$153,851
5 years$155,509$148,083$141,036$134,348$128,002$114,061
6 years$128,291$120,921$113,978$107,440$101,284$87,948
7 years$108,857$101,549$94,716$88,332$82,371$69,645
8 years$94,288$87,047$80,327$74,099$68,335$56,214
9 years$82,963$75,790$69,186$63,116$57,548$46,025
10 years$73,908$66,805$60,318$54,407$49,033$38,097
11 years$66,505$59,472$53,103$47,350$42,170$31,808
12 years$60,339$53,379$47,127$41,533$36,544$26,740
13 years$55,126$48,239$42,105$36,667$31,867$22,605
14 years$50,662$43,848$37,832$32,549$27,934$19,197
15 years$46,797$40,056$34,157$29,028$24,596$16,365
16 years$43,418$36,751$30,968$25,991$21,738$13,995
17 years$40,439$33,846$28,180$23,353$19,274$12,000
18 years$37,795$31,275$25,725$21,046$17,138$10,312
19 years$35,431$28,986$23,550$19,017$15,275$8,879
20 years$33,307$26,935$21,613$17,223$13,644$7,657
21 years$31,388$25,089$19,879$15,631$12,210$6,612
22 years$29,645$23,419$18,322$14,212$10,944$5,717
23 years$28,056$21,904$16,917$12,943$9,824$4,947
24 years$26,602$20,522$15,645$11,805$8,830$4,285
25 years$25,266$19,259$14,491$10,781$7,946$3,715
26 years$24,035$18,101$13,440$9,858$7,157$3,222
27 years$22,897$17,035$12,480$9,023$6,453$2,797
28 years$21,842$16,052$11,602$8,267$5,823$2,428
29 years$20,862$15,143$10,796$7,581$5,258$2,110
30 years$19,949$14,301$10,056$6,958$4,751$1,833
31 years$19,096$13,519$9,375$6,390$4,295$1,594
32 years$18,298$12,792$8,747$5,872$3,885$1,386
33 years$17,550$12,114$8,167$5,400$3,516$1,205
34 years$16,848$11,481$7,631$4,969$3,183$1,048
35 years$16,187$10,890$7,135$4,574$2,883$912
36 years$15,565$10,336$6,674$4,213$2,612$794
37 years$14,977$9,817$6,247$3,881$2,368$691
38 years$14,422$9,330$5,850$3,577$2,147$601
39 years$13,896$8,872$5,481$3,299$1,947$523
40 years$13,398$8,441$5,137$3,042$1,766$456
41 years$12,926$8,035$4,817$2,807$1,602$397
42 years$12,477$7,652$4,519$2,591$1,454$345
43 years$12,050$7,291$4,240$2,391$1,319$301
44 years$11,644$6,950$3,980$2,208$1,197$262
45 years$11,257$6,627$3,737$2,039$1,087$228
46 years$10,888$6,322$3,510$1,884$987$199
47 years$10,535$6,033$3,298$1,740$896$173
48 years$10,198$5,759$3,099$1,608$814$151
49 years$9,876$5,500$2,913$1,486$739$131
50 years$9,568$5,254$2,738$1,374$671$114

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $9,800,000, adding $2,234 every year, while hoping to spend $49,641 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: 71/11/18 Blend
29$9,800,000$9,800,000$9,800,000$9,800,000
30$10,801,904$10,282,504$10,130,604$11,522,527
31$11,850,881$10,733,529$10,417,162$12,453,241
32$13,005,189$11,204,991$10,711,656$13,465,721
33$14,275,521$11,697,838$11,014,298$14,572,968
34$15,673,657$12,213,064$11,325,310$15,784,355
35$17,212,576$12,751,711$11,644,914$17,110,200
36$18,906,581$13,314,867$11,973,341$18,561,861
37$20,771,432$13,903,676$12,310,828$20,151,847
38$22,824,494$14,519,332$12,657,616$21,893,925
39$25,084,902$15,163,088$13,013,955$23,803,259
40$27,573,738$15,836,255$13,380,099$25,896,543
41$30,314,236$16,540,209$13,756,310$28,192,164
42$33,331,997$17,276,387$14,142,854$30,710,367
43$36,655,228$18,046,298$14,540,008$33,473,449
44$40,315,016$18,851,521$14,948,052$36,505,965
45$44,345,611$19,693,710$15,367,276$39,834,961
46$48,784,760$20,574,597$15,797,976$43,490,223
47$53,674,052$21,495,999$16,240,455$47,504,560
48$59,059,319$22,459,817$16,695,024$51,914,108
49$64,991,064$23,468,043$17,162,002$56,758,672
50$71,524,940$24,522,765$17,641,716$62,082,097
51$78,722,272$25,626,168$18,134,502$67,932,680
52$86,650,639$26,780,545$18,640,703$74,363,623
53$95,384,507$27,988,295$19,160,669$81,433,536
54$105,005,939$29,251,933$19,694,764$89,206,981
55$115,605,361$30,574,095$20,243,355$97,755,084
56$127,282,422$31,957,539$20,806,821$107,156,201
57$140,146,931$33,405,160$21,385,551$117,496,655
58$154,319,893$34,919,988$21,979,942$128,871,547
59$169,934,653$36,505,199$22,590,402$141,385,652
60$187,138,154$38,164,120$23,217,347$155,154,401
61$206,092,323$39,900,239$23,861,205$170,304,972
62$226,975,598$41,717,209$24,522,413$186,977,483
63$249,984,616$43,618,859$25,201,421$205,326,310
64$275,336,065$45,609,201$25,898,687$225,521,545
65$303,268,732$47,692,440$26,614,681$247,750,592
66$334,045,755$49,872,982$27,349,885$272,219,933
67$367,957,108$52,155,445$28,104,793$299,157,076
68$405,322,338$54,544,666$28,879,908$328,812,692
69$446,493,580$57,045,718$29,675,748$361,462,982
70$491,858,882$59,663,916$30,492,843$397,412,272
71$541,845,868$62,404,827$31,331,733$436,995,890
72$596,925,774$65,274,291$32,192,974$480,583,316
73$657,617,896$68,278,426$33,077,132$528,581,672
74$724,494,495$71,423,641$33,984,789$581,439,551
75$798,186,193$74,716,660$34,916,539$639,651,253
76$879,387,932$78,164,523$35,872,991$703,761,442
77$968,865,531$81,774,615$36,854,766$774,370,276
78$1,067,462,916$85,554,672$37,862,501$852,139,073
79$1,176,110,087$89,512,804$38,896,848$937,796,540
80$1,295,831,897$93,657,513$39,958,474$1,032,145,649
81$1,427,757,727$97,997,707$41,048,059$1,136,071,205
82$1,573,132,147$102,542,727$42,166,301$1,250,548,193
83$1,733,326,667$107,302,361$43,313,913$1,376,650,972
84$1,909,852,681$112,286,871$44,491,624$1,515,563,408
85$2,104,375,740$117,507,014$45,700,178$1,668,590,041
86$2,318,731,271$122,974,062$46,940,340$1,837,168,390
87$2,554,941,906$128,699,836$48,212,886$2,022,882,511
88$2,815,236,577$134,696,725$49,518,614$2,227,477,946
89$3,102,071,558$140,977,715$50,858,338$2,452,878,181
90$3,418,153,654$147,556,420$52,232,889$2,701,202,802
91$3,766,465,753$154,447,112$53,643,118$2,974,787,486
92$4,150,294,991$161,664,751$55,089,893$3,276,206,042
93$4,573,263,777$169,225,021$56,574,102$3,608,294,692
94$5,039,363,999$177,144,363$58,096,651$3,974,178,833
95$5,552,994,703$185,440,013$59,658,465$4,377,302,533
96$6,119,003,630$194,130,041$61,260,491$4,821,461,020
97$6,742,732,977$203,233,389$62,903,694$5,310,836,503
98$7,430,069,832$212,769,918$64,589,060$5,850,037,635
99$8,187,501,757$222,760,446$66,317,595$6,444,143,002
100$9,022,178,030$233,226,801$68,090,328$7,098,749,055