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

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 $9,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$809,275$802,066$795,033$788,169$781,466$772,983
2 years$400,631$393,170$385,938$378,927$372,127$363,586
3 years$264,434$256,941$249,728$242,782$236,092$227,758
4 years$196,349$188,879$181,738$174,911$168,383$160,320
5 years$155,509$148,083$141,036$134,348$128,002$120,234
6 years$128,291$120,921$113,978$107,440$101,284$93,819
7 years$108,857$101,549$94,716$88,332$82,371$75,213
8 years$94,288$87,047$80,327$74,099$68,335$61,484
9 years$82,963$75,790$69,186$63,116$57,548$51,001
10 years$73,908$66,805$60,318$54,407$49,033$42,787
11 years$66,505$59,472$53,103$47,350$42,170$36,219
12 years$60,339$53,379$47,127$41,533$36,544$30,881
13 years$55,126$48,239$42,105$36,667$31,867$26,485
14 years$50,662$43,848$37,832$32,549$27,934$22,827
15 years$46,797$40,056$34,157$29,028$24,596$19,755
16 years$43,418$36,751$30,968$25,991$21,738$17,155
17 years$40,439$33,846$28,180$23,353$19,274$14,941
18 years$37,795$31,275$25,725$21,046$17,138$13,045
19 years$35,431$28,986$23,550$19,017$15,275$11,414
20 years$33,307$26,935$21,613$17,223$13,644$10,006
21 years$31,388$25,089$19,879$15,631$12,210$8,785
22 years$29,645$23,419$18,322$14,212$10,944$7,724
23 years$28,056$21,904$16,917$12,943$9,824$6,799
24 years$26,602$20,522$15,645$11,805$8,830$5,992
25 years$25,266$19,259$14,491$10,781$7,946$5,285
26 years$24,035$18,101$13,440$9,858$7,157$4,665
27 years$22,897$17,035$12,480$9,023$6,453$4,121
28 years$21,842$16,052$11,602$8,267$5,823$3,643
29 years$20,862$15,143$10,796$7,581$5,258$3,222
30 years$19,949$14,301$10,056$6,958$4,751$2,850
31 years$19,096$13,519$9,375$6,390$4,295$2,523
32 years$18,298$12,792$8,747$5,872$3,885$2,234
33 years$17,550$12,114$8,167$5,400$3,516$1,979
34 years$16,848$11,481$7,631$4,969$3,183$1,754
35 years$16,187$10,890$7,135$4,574$2,883$1,554
36 years$15,565$10,336$6,674$4,213$2,612$1,378
37 years$14,977$9,817$6,247$3,881$2,368$1,222
38 years$14,422$9,330$5,850$3,577$2,147$1,084
39 years$13,896$8,872$5,481$3,299$1,947$961
40 years$13,398$8,441$5,137$3,042$1,766$853
41 years$12,926$8,035$4,817$2,807$1,602$757
42 years$12,477$7,652$4,519$2,591$1,454$671
43 years$12,050$7,291$4,240$2,391$1,319$596
44 years$11,644$6,950$3,980$2,208$1,197$529
45 years$11,257$6,627$3,737$2,039$1,087$469
46 years$10,888$6,322$3,510$1,884$987$417
47 years$10,535$6,033$3,298$1,740$896$370
48 years$10,198$5,759$3,099$1,608$814$328
49 years$9,876$5,500$2,913$1,486$739$291
50 years$9,568$5,254$2,738$1,374$671$259

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 $6,795 every year, while hoping to spend $58,696 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: 75/5/20 Blend
29$9,800,000$9,800,000$9,800,000$9,800,000
30$10,806,609$10,287,209$10,135,309$11,565,595
31$11,846,431$10,728,830$10,412,390$12,511,392
32$12,990,348$11,190,124$10,696,786$13,539,987
33$14,248,915$11,671,991$10,988,679$14,665,975
34$15,633,762$12,175,377$11,288,258$15,899,057
35$17,157,705$12,701,270$11,595,714$17,249,915
36$18,834,863$13,250,704$11,911,243$18,730,314
37$20,680,794$13,824,764$12,235,045$20,353,212
38$22,712,641$14,424,582$12,567,324$22,132,879
39$24,949,291$15,051,348$12,908,290$24,085,032
40$27,411,559$15,706,304$13,258,158$26,226,982
41$30,122,377$16,390,752$13,617,146$28,577,798
42$33,107,017$17,106,056$13,985,477$31,158,484
43$36,393,322$17,853,642$14,363,380$33,992,176
44$40,011,976$18,635,006$14,751,089$37,104,360
45$43,996,789$19,451,713$15,148,841$40,523,111
46$48,385,016$20,305,401$15,556,882$44,279,359
47$53,217,710$21,197,788$15,975,459$48,407,174
48$58,540,107$22,130,670$16,404,828$52,944,092
49$64,402,055$23,105,930$16,845,247$57,931,465
50$70,858,484$24,125,541$17,296,983$63,414,851
51$77,969,923$25,191,566$17,760,305$69,444,441
52$85,803,071$26,306,168$18,235,491$76,075,532
53$94,431,426$27,471,612$18,722,822$83,369,050
54$103,935,982$28,690,271$19,222,587$91,392,119
55$114,405,988$29,964,630$19,735,079$100,218,694
56$125,939,793$31,297,291$20,260,598$109,930,262
57$138,645,774$32,690,981$20,799,451$120,616,602
58$152,643,360$34,148,556$21,351,949$132,376,635
59$168,064,154$35,673,007$21,918,412$145,319,356
60$185,053,182$37,267,468$22,499,162$159,564,859
61$203,770,254$38,935,222$23,094,532$175,245,470
62$224,391,480$40,679,708$23,704,858$192,506,993
63$247,110,925$42,504,528$24,330,486$211,510,085
64$272,142,447$44,413,457$24,971,764$232,431,767
65$299,721,709$46,410,449$25,629,051$255,467,100
66$330,108,410$48,499,647$26,302,710$280,831,015
67$363,588,729$50,685,391$26,993,112$308,760,346
68$400,478,032$52,972,228$27,700,634$339,516,059
69$441,123,846$55,364,922$28,425,660$373,385,715
70$485,909,141$57,868,466$29,168,583$410,686,182
71$535,255,942$60,488,089$29,929,798$451,766,620
72$589,629,314$63,229,272$30,709,713$497,011,778
73$649,541,755$66,097,757$31,508,739$546,845,622
74$715,558,027$69,099,560$32,327,295$601,735,331
75$788,300,494$72,240,987$33,165,808$662,195,708
76$868,454,993$75,528,643$34,024,710$728,794,033
77$956,777,307$78,969,452$34,904,443$802,155,417
78$1,054,100,305$82,570,667$35,805,454$882,968,699
79$1,161,341,797$86,339,891$36,728,198$971,992,944
80$1,279,513,204$90,285,089$37,673,137$1,070,064,603
81$1,409,729,103$94,414,611$38,640,739$1,178,105,410
82$1,553,217,748$98,737,204$39,631,481$1,297,131,076
83$1,711,332,668$103,262,036$40,645,845$1,428,260,873
84$1,885,565,441$107,998,717$41,684,322$1,572,728,198
85$2,077,559,778$112,957,315$42,747,408$1,731,892,207
86$2,289,127,036$118,148,385$43,835,607$1,907,250,648
87$2,522,263,324$123,582,987$44,949,430$2,100,453,990
88$2,779,168,342$129,272,711$46,089,395$2,313,321,000
89$3,062,266,147$135,229,708$47,256,024$2,547,855,910
90$3,374,228,041$141,466,711$48,449,848$2,806,267,328
91$3,717,997,787$147,997,066$49,671,403$3,090,989,086
92$4,096,819,399$154,834,760$50,921,234$3,404,703,209
93$4,514,267,770$161,994,455$52,199,887$3,750,365,228
94$4,974,282,418$169,491,519$53,507,918$4,131,232,078
95$5,481,204,678$177,342,057$54,845,887$4,550,892,834
96$6,039,818,691$185,562,954$56,214,360$5,013,302,592
97$6,655,396,564$194,171,905$57,613,908$5,522,819,795
98$7,333,748,146$203,187,461$59,045,106$6,084,247,376
99$8,081,275,875$212,629,064$60,508,535$6,702,878,093
100$8,905,035,222$222,517,097$62,004,779$7,384,544,483