Can I retire at age 30 with 12,400,000?

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 $12,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$1,023,980$1,014,859$1,005,960$997,275$988,793$980,099
2 years$506,921$497,480$488,330$479,459$470,854$462,093
3 years$334,590$325,109$315,982$307,194$298,729$290,173
4 years$248,442$238,989$229,954$221,316$213,056$204,770
5 years$196,766$187,371$178,454$169,992$161,962$153,971
6 years$162,327$153,002$144,217$135,944$128,155$120,469
7 years$137,738$128,491$119,845$111,767$104,224$96,847
8 years$119,304$110,140$101,638$93,759$86,464$79,395
9 years$104,974$95,897$87,541$79,861$72,815$66,052
10 years$93,517$84,529$76,320$68,841$62,042$55,581
11 years$84,149$75,251$67,191$59,913$53,358$47,194
12 years$76,348$67,541$59,630$52,551$46,239$40,366
13 years$69,752$61,037$53,276$46,395$40,322$34,733
14 years$64,103$55,481$47,869$41,184$35,346$30,034
15 years$59,212$50,683$43,219$36,729$31,121$26,079
16 years$54,937$46,501$39,184$32,887$27,505$22,725
17 years$51,168$42,826$35,656$29,549$24,388$19,861
18 years$47,822$39,573$32,549$26,629$21,684$17,403
19 years$44,832$36,676$29,797$24,062$19,328$15,282
20 years$42,144$34,081$27,347$21,793$17,264$13,446
21 years$39,715$31,745$25,154$19,778$15,449$11,849
22 years$37,510$29,633$23,183$17,983$13,848$10,458
23 years$35,499$27,715$21,405$16,377$12,431$9,241
24 years$33,659$25,967$19,796$14,937$11,173$8,175
25 years$31,969$24,369$18,335$13,641$10,054$7,238
26 years$30,411$22,903$17,005$12,473$9,056$6,415
27 years$28,972$21,554$15,791$11,417$8,165$5,689
28 years$27,637$20,310$14,680$10,460$7,368$5,049
29 years$26,397$19,160$13,661$9,592$6,653$4,483
30 years$25,241$18,095$12,724$8,803$6,011$3,983
31 years$24,162$17,106$11,863$8,085$5,435$3,540
32 years$23,153$16,186$11,068$7,431$4,916$3,148
33 years$22,207$15,328$10,334$6,833$4,449$2,800
34 years$21,318$14,527$9,656$6,287$4,028$2,492
35 years$20,482$13,779$9,027$5,787$3,648$2,218
36 years$19,694$13,078$8,445$5,330$3,306$1,974
37 years$18,951$12,421$7,904$4,911$2,996$1,758
38 years$18,248$11,805$7,402$4,527$2,716$1,566
39 years$17,583$11,225$6,935$4,174$2,463$1,395
40 years$16,953$10,680$6,500$3,850$2,234$1,243
41 years$16,355$10,166$6,095$3,552$2,027$1,107
42 years$15,787$9,682$5,717$3,278$1,839$987
43 years$15,247$9,225$5,365$3,026$1,669$879
44 years$14,733$8,793$5,036$2,794$1,515$784
45 years$14,243$8,385$4,729$2,580$1,375$699
46 years$13,776$7,999$4,441$2,383$1,249$623
47 years$13,330$7,634$4,172$2,202$1,134$555
48 years$12,904$7,287$3,921$2,035$1,030$495
49 years$12,497$6,959$3,685$1,880$935$442
50 years$12,107$6,648$3,465$1,738$850$394

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $12,400,000, adding $4,543 every year, while hoping to spend $20,023 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: 51/21/28 Blend
29$12,400,000$12,400,000$12,400,000$12,400,000
30$13,669,486$13,012,286$12,820,086$14,258,542
31$15,042,469$13,628,584$13,228,255$15,285,929
32$16,554,826$14,274,409$13,649,426$16,400,099
33$18,220,750$14,951,187$14,084,014$17,611,280
34$20,055,885$15,660,414$14,532,447$18,928,717
35$22,077,467$16,403,656$14,995,166$20,362,570
36$24,304,491$17,182,557$15,472,626$21,924,008
37$26,757,888$17,998,841$15,965,297$23,625,310
38$29,460,722$18,854,314$16,473,665$25,479,979
39$32,438,412$19,750,872$16,998,229$27,502,861
40$35,718,967$20,690,501$17,539,506$29,710,285
41$39,333,250$21,675,285$18,098,028$32,120,212
42$43,315,276$22,707,408$18,674,346$34,752,397
43$47,702,524$23,789,161$19,269,027$37,628,574
44$52,536,298$24,922,946$19,882,655$40,772,654
45$57,862,112$26,111,282$20,515,836$44,210,949
46$63,730,124$27,356,811$21,169,193$47,972,409
47$70,195,604$28,662,302$21,843,368$52,088,895
48$77,319,461$30,030,660$22,539,027$56,595,469
49$85,168,814$31,464,931$23,256,852$61,530,724
50$93,817,629$32,968,308$23,997,552$66,937,137
51$103,347,412$34,544,141$24,761,856$72,861,467
52$113,847,986$36,195,941$25,550,516$79,355,187
53$125,418,332$37,927,393$26,364,309$86,474,961
54$138,167,524$39,742,359$27,204,036$94,283,177
55$152,215,765$41,644,888$28,070,525$102,848,520
56$167,695,514$43,639,228$28,964,628$112,246,619
57$184,752,740$45,729,834$29,887,227$122,560,746
58$203,548,300$47,921,376$30,839,229$133,882,600
59$224,259,457$50,218,753$31,821,574$146,313,156
60$247,081,552$52,627,103$32,835,227$159,963,611
61$272,229,852$55,151,813$33,881,188$174,956,425
62$299,941,576$57,798,531$34,960,488$191,426,464
63$330,478,142$60,573,184$36,074,189$209,522,261
64$364,127,626$63,481,983$37,223,388$229,407,409
65$401,207,490$66,531,447$38,409,218$251,262,090
66$442,067,575$69,728,408$39,632,847$275,284,765
67$487,093,400$73,080,033$40,895,480$301,694,032
68$536,709,811$76,593,838$42,198,363$330,730,678
69$591,384,981$80,277,706$43,542,777$362,659,935
70$651,634,837$84,139,902$44,930,049$397,773,967
71$718,027,930$88,189,096$46,361,544$436,394,618
72$791,190,798$92,434,381$47,838,675$478,876,425
73$871,813,884$96,885,291$49,362,896$525,609,954
74$960,658,057$101,551,827$50,935,710$577,025,464
75$1,058,561,789$106,444,476$52,558,666$633,596,955
76$1,166,449,075$111,574,239$54,233,364$695,846,616
77$1,285,338,154$116,952,650$55,961,456$764,349,736
78$1,416,351,124$122,591,809$57,744,643$839,740,115
79$1,560,724,535$128,504,404$59,584,685$922,716,022
80$1,719,821,060$134,703,742$61,483,394$1,014,046,765
81$1,895,142,363$141,203,780$63,442,643$1,114,579,924
82$2,088,343,275$148,019,156$65,464,362$1,225,249,332
83$2,301,247,416$155,165,221$67,550,545$1,347,083,858
84$2,535,864,413$162,658,078$69,703,249$1,481,217,094
85$2,794,408,871$170,514,612$71,924,596$1,628,898,029
86$3,079,321,282$178,752,534$74,216,776$1,791,502,802
87$3,393,291,064$187,390,419$76,582,049$1,970,547,666
88$3,739,281,952$196,447,750$79,022,748$2,167,703,268
89$4,120,559,981$205,944,959$81,541,279$2,384,810,379
90$4,540,724,313$215,903,476$84,140,126$2,623,897,244
91$5,003,741,224$226,345,777$86,821,851$2,887,198,681
92$5,513,981,545$237,295,437$89,589,100$3,177,177,142
93$6,076,261,929$248,777,180$92,444,601$3,496,545,921
94$6,695,890,322$260,816,937$95,391,171$3,848,294,716
95$7,378,716,075$273,441,908$98,431,716$4,235,717,812
96$8,131,185,171$286,680,617$101,569,234$4,662,445,134
97$8,960,401,076$300,562,985$104,806,822$5,132,476,458
98$9,874,191,807$315,120,393$108,147,671$5,650,219,124
99$10,881,183,831$330,385,752$111,595,078$6,220,529,582
100$11,990,883,513$346,393,585$115,152,444$6,848,759,190