Can I retire at age 30 with 4,700,000?

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 $4,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$388,122$384,664$381,291$377,999$374,785$369,184
2 years$192,139$188,561$185,093$181,730$178,469$172,839
3 years$126,821$123,227$119,767$116,436$113,228$107,744
4 years$94,168$90,585$87,160$83,886$80,755$75,459
5 years$74,581$71,019$67,640$64,432$61,389$56,296
6 years$61,527$57,993$54,663$51,527$48,575$43,692
7 years$52,207$48,702$45,425$42,363$39,504$34,832
8 years$45,220$41,747$38,524$35,538$32,773$28,311
9 years$39,788$36,348$33,181$30,270$27,599$23,346
10 years$35,446$32,039$28,928$26,093$23,516$19,467
11 years$31,895$28,522$25,468$22,709$20,225$16,376
12 years$28,938$25,600$22,602$19,919$17,526$13,874
13 years$26,438$23,135$20,193$17,585$15,283$11,822
14 years$24,297$21,029$18,144$15,610$13,397$10,121
15 years$22,443$19,211$16,381$13,922$11,796$8,700
16 years$20,823$17,625$14,852$12,465$10,425$7,503
17 years$19,394$16,232$13,515$11,200$9,244$6,488
18 years$18,126$14,999$12,337$10,093$8,219$5,625
19 years$16,993$13,901$11,294$9,120$7,326$4,886
20 years$15,974$12,918$10,365$8,260$6,544$4,251
21 years$15,053$12,032$9,534$7,497$5,856$3,705
22 years$14,217$11,232$8,787$6,816$5,249$3,233
23 years$13,455$10,505$8,113$6,208$4,712$2,824
24 years$12,758$9,842$7,503$5,662$4,235$2,469
25 years$12,117$9,237$6,950$5,171$3,811$2,161
26 years$11,527$8,681$6,445$4,728$3,433$1,892
27 years$10,981$8,170$5,985$4,327$3,095$1,658
28 years$10,475$7,698$5,564$3,965$2,793$1,454
29 years$10,005$7,262$5,178$3,636$2,522$1,276
30 years$9,567$6,859$4,823$3,337$2,278$1,119
31 years$9,158$6,484$4,496$3,065$2,060$983
32 years$8,776$6,135$4,195$2,816$1,863$863
33 years$8,417$5,810$3,917$2,590$1,686$758
34 years$8,080$5,506$3,660$2,383$1,527$666
35 years$7,763$5,223$3,422$2,194$1,383$586
36 years$7,465$4,957$3,201$2,020$1,253$515
37 years$7,183$4,708$2,996$1,861$1,136$453
38 years$6,917$4,474$2,806$1,716$1,030$398
39 years$6,664$4,255$2,629$1,582$934$350
40 years$6,426$4,048$2,464$1,459$847$308
41 years$6,199$3,853$2,310$1,346$768$271
42 years$5,984$3,670$2,167$1,242$697$238
43 years$5,779$3,497$2,033$1,147$633$210
44 years$5,584$3,333$1,909$1,059$574$184
45 years$5,399$3,178$1,792$978$521$162
46 years$5,222$3,032$1,683$903$473$143
47 years$5,053$2,893$1,581$835$430$126
48 years$4,891$2,762$1,486$771$390$111
49 years$4,737$2,638$1,397$713$355$97
50 years$4,589$2,520$1,313$659$322$86

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $4,700,000, adding $5,145 every year, while hoping to spend $46,497 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: 70/9/21 Blend
29$4,700,000$4,700,000$4,700,000$4,700,000
30$5,184,707$4,935,607$4,862,757$5,520,403
31$5,664,075$5,127,979$4,976,187$5,937,505
32$6,190,780$5,328,220$5,091,858$6,387,944
33$6,769,601$5,536,664$5,209,797$6,879,856
34$7,405,804$5,753,664$5,330,029$7,417,341
35$8,105,189$5,979,587$5,452,578$8,004,916
36$8,874,147$6,214,816$5,577,469$8,647,550
37$9,719,719$6,459,751$5,704,723$9,350,718
38$10,649,663$6,714,811$5,834,364$10,120,449
39$11,672,524$6,980,433$5,966,411$10,963,381
40$12,797,721$7,257,072$6,100,884$11,886,825
41$14,035,627$7,545,207$6,237,802$12,898,836
42$15,397,674$7,845,336$6,377,182$14,008,281
43$16,896,458$8,157,979$6,519,039$15,224,929
44$18,545,858$8,483,681$6,663,388$16,559,541
45$20,361,163$8,823,009$6,810,239$18,023,969
46$22,359,225$9,176,559$6,959,605$19,631,269
47$24,558,607$9,544,952$7,111,493$21,395,823
48$26,979,766$9,928,836$7,265,909$23,333,473
49$29,645,243$10,328,890$7,422,858$25,461,674
50$32,579,876$10,745,823$7,582,342$27,799,651
51$35,811,031$11,180,377$7,744,359$30,368,587
52$39,368,867$11,633,326$7,908,905$33,191,817
53$43,286,613$12,105,481$8,075,975$36,295,050
54$47,600,887$12,597,688$8,245,559$39,706,611
55$52,352,035$13,110,833$8,417,644$43,457,705
56$57,584,521$13,645,841$8,592,212$47,582,713
57$63,347,336$14,203,681$8,769,245$52,119,517
58$69,694,467$14,785,365$8,948,719$57,109,853
59$76,685,406$15,391,952$9,130,604$62,599,704
60$84,385,707$16,024,547$9,314,869$68,639,739
61$92,867,608$16,684,308$9,501,476$75,285,783
62$102,210,712$17,372,447$9,690,382$82,599,347
63$112,502,736$18,090,228$9,881,542$90,648,206
64$123,840,342$18,838,976$10,074,901$99,507,039
65$136,330,047$19,620,077$10,270,400$109,258,131
66$150,089,229$20,434,978$10,467,976$119,992,150
67$165,247,234$21,285,195$10,667,556$131,809,002
68$181,946,595$22,172,313$10,869,063$144,818,770
69$200,344,382$23,097,990$11,072,410$159,142,757
70$220,613,679$24,063,962$11,277,506$174,914,622
71$242,945,220$25,072,042$11,484,249$192,281,649
72$267,549,190$26,124,130$11,692,529$211,406,130
73$294,657,208$27,222,212$11,902,229$232,466,897
74$324,524,510$28,368,368$12,113,221$255,661,010
75$357,432,364$29,564,771$12,325,367$281,205,614
76$393,690,719$30,813,699$12,538,520$309,339,987
77$433,641,133$32,117,532$12,752,523$340,327,800
78$477,660,001$33,478,762$12,967,203$374,459,598
79$526,162,097$34,899,998$13,182,382$412,055,550
80$579,604,503$36,383,970$13,397,863$453,468,463
81$638,490,910$37,933,532$13,613,439$499,087,109
82$703,376,384$39,551,676$13,828,890$549,339,902
83$774,872,597$41,241,530$14,043,980$604,698,929
84$853,653,606$43,006,369$14,258,457$665,684,415
85$940,462,214$44,849,622$14,472,056$732,869,623
86$1,036,116,982$46,774,876$14,684,493$806,886,270
87$1,141,519,957$48,785,887$14,895,466$888,430,484
88$1,257,665,185$50,886,588$15,104,656$978,269,375
89$1,385,648,098$53,081,095$15,311,726$1,077,248,275
90$1,526,675,851$55,373,716$15,516,316$1,186,298,713
91$1,682,078,721$57,768,962$15,718,046$1,306,447,210
92$1,853,322,666$60,271,556$15,916,516$1,438,824,963
93$2,042,023,158$62,886,442$16,111,299$1,584,678,525
94$2,249,960,440$65,618,797$16,301,948$1,745,381,567
95$2,479,096,329$68,474,042$16,487,987$1,922,447,843
96$2,731,592,736$71,457,852$16,668,916$2,117,545,481
97$3,009,832,077$74,576,169$16,844,206$2,332,512,722
98$3,316,439,762$77,835,215$17,013,301$2,569,375,276
99$3,654,308,983$81,241,505$17,175,612$2,830,365,440
100$4,026,628,024$84,801,864$17,330,520$3,117,943,165