Can I retire at age 30 with 12,300,000?

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 $12,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$1,015,723$1,006,675$997,848$989,232$980,819$962,197
2 years$502,833$493,468$484,392$475,592$467,057$448,368
3 years$331,892$322,487$313,434$304,717$296,320$278,147
4 years$246,438$237,062$228,100$219,531$211,338$193,820
5 years$195,180$185,859$177,015$168,621$160,656$143,844
6 years$161,018$151,768$143,054$134,848$127,121$111,034
7 years$136,627$127,455$118,879$110,866$103,384$88,025
8 years$118,342$109,252$100,818$93,002$85,767$71,132
9 years$104,127$95,124$86,835$79,217$72,228$58,308
10 years$92,762$83,847$75,705$68,286$61,542$48,325
11 years$83,470$74,644$66,649$59,429$52,928$40,398
12 years$75,732$66,996$59,149$52,128$45,866$34,005
13 years$69,189$60,545$52,846$46,021$39,996$28,785
14 years$63,586$55,034$47,482$40,852$35,061$24,479
15 years$58,735$50,274$42,870$36,433$30,870$20,896
16 years$54,494$46,126$38,868$32,622$27,283$17,895
17 years$50,755$42,480$35,369$29,310$24,191$15,366
18 years$47,436$39,254$32,287$26,415$21,510$13,224
19 years$44,470$36,380$29,557$23,868$19,172$11,403
20 years$41,804$33,806$27,126$21,617$17,125$9,848
21 years$39,395$31,489$24,951$19,619$15,325$8,517
22 years$37,207$29,394$22,996$17,838$13,736$7,375
23 years$35,213$27,491$21,233$16,245$12,331$6,393
24 years$33,388$25,758$19,637$14,817$11,083$5,546
25 years$31,711$24,172$18,187$13,531$9,973$4,815
26 years$30,166$22,718$16,868$12,372$8,983$4,184
27 years$28,738$21,380$15,663$11,325$8,099$3,637
28 years$27,414$20,147$14,561$10,376$7,308$3,163
29 years$26,184$19,006$13,550$9,515$6,599$2,752
30 years$25,037$17,949$12,622$8,732$5,963$2,396
31 years$23,967$16,968$11,767$8,020$5,391$2,086
32 years$22,966$16,055$10,979$7,371$4,876$1,817
33 years$22,027$15,204$10,251$6,778$4,413$1,583
34 years$21,146$14,410$9,578$6,236$3,996$1,379
35 years$20,317$13,668$8,955$5,741$3,619$1,202
36 years$19,535$12,973$8,377$5,287$3,279$1,048
37 years$18,798$12,321$7,841$4,871$2,972$913
38 years$18,101$11,710$7,342$4,490$2,694$796
39 years$17,441$11,135$6,879$4,140$2,443$694
40 years$16,816$10,594$6,448$3,819$2,216$605
41 years$16,223$10,084$6,046$3,523$2,010$528
42 years$15,660$9,604$5,671$3,251$1,824$461
43 years$15,124$9,151$5,322$3,001$1,656$402
44 years$14,614$8,722$4,995$2,771$1,503$350
45 years$14,128$8,318$4,690$2,559$1,364$306
46 years$13,665$7,935$4,405$2,364$1,239$267
47 years$13,223$7,572$4,139$2,184$1,125$233
48 years$12,800$7,229$3,889$2,018$1,022$203
49 years$12,396$6,903$3,656$1,865$928$177
50 years$12,009$6,594$3,437$1,724$843$154

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $12,300,000, adding $2,181 every year, while hoping to spend $55,991 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: 52/38/10 Blend
29$12,300,000$12,300,000$12,300,000$12,300,000
30$13,556,850$12,904,950$12,714,300$14,226,642
31$14,880,074$13,477,718$13,080,655$15,255,720
32$16,336,391$14,076,676$13,457,406$16,368,083
33$17,939,317$14,703,047$13,844,843$17,576,494
34$19,703,744$15,358,113$14,243,262$18,890,030
35$21,646,084$16,043,218$14,652,969$20,318,663
36$23,784,418$16,759,769$15,074,277$21,873,346
37$26,138,670$17,509,239$15,507,507$23,566,120
38$28,730,795$18,293,173$15,952,989$25,410,213
39$31,584,986$19,113,189$16,411,064$27,420,170
40$34,727,900$19,970,979$16,882,080$29,611,978
41$38,188,909$20,868,321$17,366,393$32,003,213
42$42,000,383$21,807,074$17,864,372$34,613,204
43$46,197,988$22,789,186$18,376,394$37,463,204
44$50,821,025$23,816,699$18,902,846$40,576,590
45$55,912,804$24,891,752$19,444,126$43,979,072
46$61,521,047$26,016,585$20,000,641$47,698,934
47$67,698,343$27,193,547$20,572,812$51,767,290
48$74,502,641$28,425,097$21,161,068$56,218,373
49$81,997,798$29,713,815$21,765,851$61,089,849
50$90,254,181$31,062,399$22,387,615$66,423,165
51$99,349,333$32,473,682$23,026,826$72,263,933
52$109,368,701$33,950,628$23,683,960$78,662,348
53$120,406,445$35,496,345$24,359,509$85,673,658
54$132,566,326$37,114,090$25,053,976$93,358,674
55$145,962,685$38,807,274$25,767,878$101,784,330
56$160,721,522$40,579,475$26,501,746$111,024,310
57$176,981,687$42,434,438$27,256,124$121,159,730
58$194,896,185$44,376,091$28,031,570$132,279,894
59$214,633,626$46,408,550$28,828,658$144,483,120
60$236,379,814$48,536,128$29,647,976$157,877,663
61$260,339,501$50,763,343$30,490,129$172,582,717
62$286,738,317$53,094,934$31,355,735$188,729,531
63$315,824,905$55,535,865$32,245,432$206,462,631
64$347,873,261$58,091,339$33,159,870$225,941,171
65$383,185,328$60,766,809$34,099,720$247,340,419
66$422,093,839$63,567,990$35,065,668$270,853,394
67$464,965,462$66,500,873$36,058,420$296,692,672
68$512,204,259$69,571,736$37,078,697$325,092,375
69$564,255,502$72,787,159$38,127,241$356,310,362
70$621,609,873$76,154,039$39,204,813$390,630,641
71$684,808,099$79,679,607$40,312,194$428,366,034
72$754,446,057$83,371,439$41,450,184$469,861,105
73$831,180,393$87,237,478$42,619,603$515,495,391
74$915,734,728$91,286,049$43,821,295$565,686,961
75$1,008,906,484$95,525,879$45,056,122$620,896,339
76$1,111,574,413$99,966,116$46,324,970$681,630,823
77$1,224,706,895$104,616,347$47,628,749$748,449,249
78$1,349,371,075$109,486,624$48,968,388$821,967,238
79$1,486,742,939$114,587,484$50,344,844$902,862,977
80$1,638,118,418$119,929,969$51,759,095$991,883,590
81$1,804,925,618$125,525,659$53,212,146$1,089,852,158
82$1,988,738,305$131,386,691$54,705,027$1,197,675,458
83$2,191,290,760$137,525,786$56,238,793$1,316,352,482
84$2,414,494,151$143,956,283$57,814,526$1,446,983,836
85$2,660,454,578$150,692,165$59,433,336$1,590,782,088
86$2,931,492,952$157,748,088$61,096,360$1,749,083,175
87$3,230,166,908$165,139,419$62,804,764$1,923,358,970
88$3,559,294,951$172,882,269$64,559,741$2,115,231,135
89$3,921,983,061$180,993,525$66,362,518$2,326,486,380
90$4,321,654,019$189,490,894$68,214,348$2,559,093,284
91$4,762,079,718$198,392,937$70,116,518$2,815,220,826
92$5,247,416,774$207,719,116$72,070,346$3,097,258,807
93$5,782,245,765$217,489,833$74,077,183$3,407,840,355
94$6,371,614,476$227,726,477$76,138,411$3,749,866,723
95$7,021,085,554$238,451,476$78,255,450$4,126,534,618
96$7,736,789,024$249,688,342$80,429,751$4,541,366,313
97$8,525,480,159$261,461,726$82,662,802$4,998,242,830
98$9,394,603,258$273,797,473$84,956,128$5,501,440,511
99$10,352,361,923$286,722,681$87,311,291$6,055,671,313
100$11,407,796,509$300,265,762$89,729,889$6,666,127,213