Can I retire at age 30 with 5,800,000?

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 $5,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$478,959$474,692$470,530$466,467$462,500$444,501
2 years$237,108$232,692$228,413$224,263$220,238$202,322
3 years$156,502$152,067$147,798$143,688$139,728$122,458
4 years$116,207$111,785$107,559$103,519$99,655$83,164
5 years$92,036$87,641$83,470$79,512$75,756$60,085
6 years$75,927$71,566$67,456$63,587$59,943$45,103
7 years$64,426$60,101$56,057$52,278$48,750$34,736
8 years$55,803$51,517$47,540$43,855$40,443$27,241
9 years$49,101$44,855$40,947$37,355$34,059$21,649
10 years$43,742$39,538$35,698$32,200$29,020$17,379
11 years$39,360$35,198$31,428$28,024$24,958$14,060
12 years$35,711$31,592$27,892$24,580$21,628$11,443
13 years$32,626$28,550$24,919$21,701$18,860$9,359
14 years$29,984$25,951$22,390$19,264$16,533$7,683
15 years$27,696$23,707$20,215$17,180$14,557$6,327
16 years$25,696$21,750$18,328$15,383$12,865$5,224
17 years$23,933$20,031$16,678$13,821$11,407$4,322
18 years$22,368$18,510$15,225$12,456$10,143$3,581
19 years$20,970$17,155$13,938$11,255$9,040$2,972
20 years$19,712$15,941$12,791$10,193$8,075$2,469
21 years$18,576$14,848$11,765$9,251$7,226$2,053
22 years$17,545$13,860$10,844$8,411$6,477$1,709
23 years$16,605$12,963$10,012$7,660$5,814$1,423
24 years$15,744$12,146$9,260$6,987$5,226$1,186
25 years$14,953$11,398$8,576$6,381$4,703$988
26 years$14,225$10,713$7,954$5,834$4,236$824
27 years$13,551$10,082$7,386$5,340$3,819$687
28 years$12,927$9,500$6,866$4,893$3,446$574
29 years$12,347$8,962$6,390$4,487$3,112$479
30 years$11,806$8,464$5,952$4,118$2,812$399
31 years$11,302$8,001$5,549$3,782$2,542$333
32 years$10,830$7,571$5,177$3,476$2,299$278
33 years$10,387$7,170$4,834$3,196$2,081$232
34 years$9,971$6,795$4,516$2,941$1,884$194
35 years$9,580$6,445$4,222$2,707$1,706$162
36 years$9,212$6,117$3,950$2,493$1,546$135
37 years$8,864$5,810$3,697$2,297$1,401$113
38 years$8,535$5,522$3,462$2,117$1,270$94
39 years$8,224$5,250$3,244$1,952$1,152$79
40 years$7,930$4,995$3,040$1,801$1,045$66
41 years$7,650$4,755$2,851$1,661$948$55
42 years$7,384$4,529$2,674$1,533$860$46
43 years$7,132$4,315$2,509$1,415$781$38
44 years$6,891$4,113$2,355$1,307$709$32
45 years$6,662$3,922$2,212$1,207$643$27
46 years$6,444$3,742$2,077$1,115$584$22
47 years$6,235$3,571$1,952$1,030$530$19
48 years$6,036$3,409$1,834$952$482$16
49 years$5,845$3,255$1,724$880$437$13
50 years$5,663$3,109$1,621$813$397$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $5,800,000, adding $6,662 every year, while hoping to spend $27,783 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: 68/23/9 Blend
29$5,800,000$5,800,000$5,800,000$5,800,000
30$6,398,472$6,091,072$6,001,172$6,821,976
31$7,021,555$6,359,973$6,172,650$7,372,765
32$7,707,262$6,641,120$6,348,942$7,970,914
33$8,461,950$6,935,082$6,530,179$8,624,309
34$9,292,625$7,242,458$6,716,497$9,338,358
35$10,207,008$7,563,873$6,908,034$10,119,009
36$11,213,603$7,899,984$7,104,934$10,972,808
37$12,321,784$8,251,476$7,307,342$11,906,956
38$13,541,877$8,619,070$7,515,410$12,929,382
39$14,885,264$9,003,519$7,729,291$14,048,809
40$16,364,482$9,405,613$7,949,143$15,274,838
41$17,993,349$9,826,178$8,175,130$16,618,039
42$19,787,091$10,266,081$8,407,417$18,090,046
43$21,762,485$10,726,230$8,646,176$19,703,665
44$23,938,019$11,207,575$8,891,583$21,472,996
45$26,334,063$11,711,112$9,143,817$23,413,562
46$28,973,066$12,237,886$9,403,064$25,542,454
47$31,879,764$12,788,988$9,669,512$27,878,490
48$35,081,417$13,365,565$9,943,357$30,442,391
49$38,608,060$13,968,816$10,224,799$33,256,973
50$42,492,794$14,600,000$10,514,041$36,347,363
51$46,772,092$15,260,433$10,811,294$39,741,230
52$51,486,147$15,951,496$11,116,774$43,469,046
53$56,679,249$16,674,634$11,430,702$47,564,370
54$62,400,206$17,431,365$11,753,303$52,064,163
55$68,702,800$18,223,275$12,084,812$57,009,133
56$75,646,298$19,052,028$12,425,466$62,444,116
57$83,296,012$19,919,368$12,775,510$68,418,497
58$91,723,910$20,827,123$13,135,195$74,986,672
59$101,009,303$21,777,206$13,504,778$82,208,557
60$111,239,587$22,771,624$13,884,523$90,150,153
61$122,511,071$23,812,479$14,274,701$98,884,164
62$134,929,885$24,901,976$14,675,588$108,490,675
63$148,612,983$26,042,422$15,087,470$119,057,912
64$163,689,244$27,236,238$15,510,638$130,683,062
65$180,300,693$28,485,960$15,945,390$143,473,193
66$198,603,837$29,794,245$16,392,034$157,546,255
67$218,771,145$31,163,879$16,850,883$173,032,191
68$240,992,674$32,597,782$17,322,260$190,074,157
69$265,477,865$34,099,012$17,806,494$208,829,868
70$292,457,521$35,670,776$18,303,925$229,473,083
71$322,185,979$37,316,436$18,814,898$252,195,239
72$354,943,521$39,039,513$19,339,769$277,207,247
73$391,039,011$40,843,700$19,878,902$304,741,485
74$430,812,816$42,732,867$20,432,671$335,053,978
75$474,640,015$44,711,069$21,001,457$368,426,810
76$522,933,943$46,782,559$21,585,653$405,170,780
77$576,150,093$48,951,792$22,185,660$445,628,329
78$634,790,412$51,223,439$22,801,889$490,176,762
79$699,408,043$53,602,396$23,434,761$539,231,802
80$770,612,547$56,093,797$24,084,709$593,251,509
81$849,075,653$58,703,020$24,752,173$652,740,590
82$935,537,606$61,435,704$25,437,608$718,255,157
83$1,030,814,150$64,297,762$26,141,475$790,407,966
84$1,135,804,230$67,295,389$26,864,252$869,874,189
85$1,251,498,480$70,435,081$27,606,423$957,397,782
86$1,378,988,574$73,723,649$28,368,486$1,053,798,490
87$1,519,477,530$77,168,229$29,150,952$1,159,979,578
88$1,674,291,071$80,776,306$29,954,343$1,276,936,344
89$1,844,890,139$84,555,724$30,779,192$1,405,765,502
90$2,032,884,686$88,514,706$31,626,047$1,547,675,519
91$2,240,048,872$92,661,875$32,495,468$1,703,998,016
92$2,468,337,819$97,006,269$33,388,028$1,876,200,315
93$2,719,906,063$101,557,363$34,304,313$2,065,899,282
94$2,997,127,898$106,325,091$35,244,925$2,274,876,570
95$3,302,619,790$111,319,866$36,210,476$2,505,095,424
96$3,639,265,078$116,552,609$37,201,596$2,758,719,197
97$4,010,241,194$122,034,765$38,218,928$3,038,131,751
98$4,419,049,663$127,778,336$39,263,129$3,345,959,946
99$4,869,549,158$133,795,903$40,334,873$3,685,098,416
100$5,365,991,929$140,100,659$41,434,848$4,058,736,875