Can I retire at age 30 with 16,400,000?

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 $16,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$1,354,297$1,342,233$1,330,464$1,318,976$1,307,759$1,261,359
2 years$670,444$657,958$645,856$634,123$622,742$576,489
3 years$442,523$429,982$417,912$406,289$395,093$350,441
4 years$328,585$316,083$304,133$292,708$281,784$239,074
5 years$260,239$247,813$236,019$224,828$214,208$173,552
6 years$214,691$202,358$190,739$179,797$169,495$130,924
7 years$182,169$169,940$158,505$147,821$137,845$101,350
8 years$157,789$145,670$134,425$124,003$114,356$79,907
9 years$138,836$126,832$115,780$105,623$96,304$63,857
10 years$123,683$111,796$100,940$91,048$82,056$51,555
11 years$111,293$99,525$88,866$79,239$70,571$41,953
12 years$100,976$89,329$78,866$69,503$61,155$34,352
13 years$92,252$80,727$70,462$61,361$53,328$28,268
14 years$84,782$73,379$63,310$54,470$46,747$23,354
15 years$78,313$67,033$57,160$48,577$41,160$19,357
16 years$72,658$61,501$51,824$43,496$36,377$16,086
17 years$67,674$56,640$47,158$39,081$32,255$13,396
18 years$63,249$52,338$43,049$35,219$28,679$11,176
19 years$59,294$48,506$39,409$31,824$25,563$9,338
20 years$55,738$45,075$36,168$28,823$22,833$7,812
21 years$52,526$41,985$33,268$26,158$20,433$6,541
22 years$49,610$39,192$30,661$23,784$18,315$5,482
23 years$46,951$36,655$28,310$21,660$16,441$4,598
24 years$44,517$34,343$26,182$19,756$14,777$3,858
25 years$42,282$32,230$24,250$18,042$13,297$3,240
26 years$40,222$30,291$22,491$16,497$11,978$2,721
27 years$38,317$28,507$20,885$15,100$10,799$2,286
28 years$36,552$26,862$19,415$13,835$9,744$1,922
29 years$34,912$25,341$18,067$12,687$8,799$1,615
30 years$33,383$23,932$16,829$11,643$7,950$1,358
31 years$31,956$22,624$15,689$10,693$7,188$1,142
32 years$30,621$21,407$14,638$9,827$6,502$961
33 years$29,370$20,273$13,668$9,037$5,884$808
34 years$28,195$19,214$12,770$8,315$5,327$680
35 years$27,089$18,224$11,939$7,654$4,825$572
36 years$26,047$17,297$11,169$7,049$4,372$481
37 years$25,064$16,428$10,454$6,495$3,962$405
38 years$24,134$15,613$9,790$5,987$3,592$341
39 years$23,255$14,846$9,172$5,520$3,258$287
40 years$22,421$14,125$8,597$5,091$2,955$241
41 years$21,631$13,446$8,061$4,698$2,681$203
42 years$20,880$12,805$7,562$4,335$2,432$171
43 years$20,165$12,201$7,096$4,002$2,208$144
44 years$19,486$11,630$6,660$3,695$2,004$121
45 years$18,838$11,090$6,254$3,413$1,819$102
46 years$18,220$10,580$5,874$3,152$1,652$86
47 years$17,630$10,096$5,518$2,912$1,500$72
48 years$17,067$9,638$5,186$2,691$1,362$61
49 years$16,528$9,204$4,874$2,487$1,237$51
50 years$16,012$8,792$4,582$2,299$1,124$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $16,400,000, adding $2,467 every year, while hoping to spend $49,215 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: 51/35/14 Blend
29$16,400,000$16,400,000$16,400,000$16,400,000
30$18,075,345$17,206,145$16,951,945$18,928,530
31$19,866,665$17,996,881$17,467,470$20,304,254
32$21,839,052$18,824,715$17,998,617$21,793,687
33$24,010,919$19,691,410$18,545,855$23,411,833
34$26,402,563$20,598,819$19,109,671$25,170,848
35$29,036,344$21,548,881$19,690,564$27,084,084
36$31,936,903$22,543,628$20,289,050$29,166,210
37$35,131,393$23,585,192$20,905,659$31,433,347
38$38,649,734$24,675,805$21,540,938$33,903,209
39$42,524,896$25,817,809$22,195,449$36,595,267
40$46,793,211$27,013,657$22,869,772$39,530,925
41$51,494,714$28,265,922$23,564,505$42,733,714
42$56,673,521$29,577,298$24,280,261$46,229,508
43$62,378,245$30,950,611$25,017,676$50,046,757
44$68,662,459$32,388,823$25,777,400$54,216,752
45$75,585,194$33,895,040$26,560,107$58,773,907
46$83,211,501$35,472,514$27,366,488$63,756,077
47$91,613,065$37,124,658$28,197,257$69,204,907
48$100,868,879$38,855,048$29,053,147$75,166,211
49$111,065,992$40,667,433$29,934,914$81,690,399
50$122,300,328$42,565,741$30,843,338$88,832,937
51$134,677,593$44,554,094$31,779,221$96,654,863
52$148,314,271$46,636,808$32,743,389$105,223,350
53$163,338,727$48,818,412$33,736,693$114,612,325
54$179,892,414$51,103,651$34,760,009$124,903,158
55$198,131,210$53,497,501$35,814,240$136,185,414
56$218,226,892$56,005,176$36,900,315$148,557,683
57$240,368,752$58,632,147$38,019,192$162,128,498
58$264,765,387$61,384,144$39,171,858$177,017,343
59$291,646,668$64,267,179$40,359,326$193,355,763
60$321,265,909$67,287,551$41,582,644$211,288,591
61$353,902,257$70,451,867$42,842,889$230,975,294
62$389,863,331$73,767,053$44,141,170$252,591,464
63$429,488,121$77,240,368$45,478,628$276,330,452
64$473,150,188$80,879,425$46,856,442$302,405,171
65$521,261,197$84,692,206$48,275,822$331,050,092
66$574,274,794$88,687,079$49,738,016$362,523,426
67$632,690,893$92,872,817$51,244,311$397,109,542
68$697,060,397$97,258,617$52,796,028$435,121,627
69$767,990,394$101,854,126$54,394,531$476,904,617
70$846,149,890$106,669,454$56,041,224$522,838,420
71$932,276,126$111,715,205$57,737,552$573,341,485
72$1,027,181,535$117,002,494$59,485,004$628,874,711
73$1,131,761,413$122,542,977$61,285,113$689,945,775
74$1,247,002,370$128,348,876$63,139,458$757,113,887
75$1,373,991,646$134,433,005$65,049,663$830,995,037
76$1,513,927,371$140,808,800$67,017,404$912,267,776
77$1,668,129,881$147,490,348$69,044,405$1,001,679,580
78$1,838,054,176$154,492,424$71,132,441$1,100,053,869
79$2,025,303,664$161,830,514$73,283,339$1,208,297,744
80$2,231,645,291$169,520,862$75,498,984$1,327,410,497
81$2,459,026,224$177,580,498$77,781,313$1,458,493,012
82$2,709,592,235$186,027,279$80,132,324$1,602,758,099
83$2,985,707,958$194,879,930$82,554,071$1,761,541,903
84$3,289,979,210$204,158,087$85,048,673$1,936,316,462
85$3,625,277,594$213,882,337$87,618,308$2,128,703,550
86$3,994,767,609$224,074,273$90,265,222$2,340,489,929
87$4,401,936,524$234,756,531$92,991,726$2,573,644,163
88$4,850,627,301$245,952,853$95,800,200$2,830,335,133
89$5,345,074,875$257,688,132$98,693,096$3,112,952,453
90$5,889,946,135$269,988,472$101,672,937$3,424,128,958
91$6,490,383,982$282,881,249$104,742,322$3,766,765,488
92$7,152,055,884$296,395,166$107,903,926$4,144,058,201
93$7,881,207,382$310,560,327$111,160,505$4,559,528,667
94$8,684,721,049$325,408,298$114,514,896$5,017,057,031
95$9,570,181,472$340,972,180$117,970,021$5,520,918,559
96$10,545,946,852$357,286,687$121,528,887$6,075,823,908
97$11,621,227,918$374,388,221$125,194,591$6,686,963,506
98$12,806,174,878$392,314,957$128,970,323$7,360,056,452
99$14,111,973,253$411,106,926$132,859,365$8,101,404,405
100$15,550,949,470$430,806,111$136,865,100$8,917,950,968