Can I retire at age 30 with 6,200,000?

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 $6,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$511,990$507,430$502,980$498,637$494,397$482,249
2 years$253,460$248,740$244,165$239,729$235,427$223,263
3 years$167,295$162,554$157,991$153,597$149,365$137,565
4 years$124,221$119,495$114,977$110,658$106,528$95,184
5 years$98,383$93,685$89,227$84,996$80,981$70,124
6 years$81,164$76,501$72,109$67,972$64,077$53,718
7 years$68,869$64,245$59,923$55,883$52,112$42,251
8 years$59,652$55,070$50,819$46,879$43,232$33,866
9 years$52,487$47,949$43,770$39,931$36,408$27,528
10 years$46,758$42,264$38,160$34,421$31,021$22,618
11 years$42,074$37,625$33,596$29,956$26,679$18,741
12 years$38,174$33,771$29,815$26,276$23,120$15,632
13 years$34,876$30,519$26,638$23,198$20,161$13,110
14 years$32,052$27,741$23,934$20,592$17,673$11,043
15 years$29,606$25,342$21,609$18,365$15,561$9,335
16 years$27,468$23,250$19,592$16,443$13,752$7,915
17 years$25,584$21,413$17,828$14,774$12,194$6,728
18 years$23,911$19,786$16,275$13,315$10,842$5,731
19 years$22,416$18,338$14,899$12,031$9,664$4,891
20 years$21,072$17,040$13,673$10,896$8,632$4,180
21 years$19,857$15,872$12,577$9,889$7,725$3,576
22 years$18,755$14,816$11,591$8,991$6,924$3,064
23 years$17,750$13,857$10,703$8,189$6,215$2,627
24 years$16,830$12,984$9,898$7,469$5,587$2,254
25 years$15,985$12,184$9,168$6,821$5,027$1,935
26 years$15,206$11,451$8,503$6,237$4,528$1,662
27 years$14,486$10,777$7,895$5,708$4,083$1,429
28 years$13,818$10,155$7,340$5,230$3,684$1,229
29 years$13,198$9,580$6,830$4,796$3,326$1,057
30 years$12,621$9,048$6,362$4,402$3,006$909
31 years$12,081$8,553$5,931$4,043$2,717$783
32 years$11,576$8,093$5,534$3,715$2,458$674
33 years$11,103$7,664$5,167$3,416$2,224$580
34 years$10,659$7,264$4,828$3,143$2,014$500
35 years$10,241$6,890$4,514$2,894$1,824$430
36 years$9,847$6,539$4,222$2,665$1,653$371
37 years$9,475$6,211$3,952$2,455$1,498$319
38 years$9,124$5,902$3,701$2,263$1,358$275
39 years$8,791$5,613$3,467$2,087$1,232$237
40 years$8,476$5,340$3,250$1,925$1,117$204
41 years$8,177$5,083$3,047$1,776$1,013$176
42 years$7,894$4,841$2,859$1,639$920$152
43 years$7,624$4,612$2,682$1,513$835$131
44 years$7,366$4,397$2,518$1,397$758$113
45 years$7,122$4,193$2,364$1,290$688$97
46 years$6,888$4,000$2,221$1,192$624$84
47 years$6,665$3,817$2,086$1,101$567$72
48 years$6,452$3,644$1,960$1,017$515$62
49 years$6,248$3,480$1,843$940$468$54
50 years$6,053$3,324$1,732$869$425$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $6,200,000, adding $6,604 every year, while hoping to spend $32,155 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: 44/26/30 Blend
29$6,200,000$6,200,000$6,200,000$6,200,000
30$6,839,212$6,510,612$6,414,512$7,080,260
31$7,502,599$6,795,419$6,595,186$7,538,395
32$8,232,574$7,093,105$6,780,834$8,031,169
33$9,035,894$7,404,265$6,971,590$8,564,768
34$9,920,007$7,729,525$7,167,589$9,143,015
35$10,893,116$8,069,540$7,368,972$9,770,111
36$11,964,262$8,424,996$7,575,881$10,450,670
37$13,143,407$8,796,611$7,788,463$11,189,765
38$14,441,526$9,185,137$8,006,869$11,992,968
39$15,870,715$9,591,361$8,231,252$12,866,407
40$17,444,300$10,016,110$8,461,770$13,816,818
41$19,176,965$10,460,246$8,698,587$14,851,608
42$21,084,893$10,924,676$8,941,867$15,978,921
43$23,185,914$11,410,347$9,191,781$17,207,715
44$25,499,675$11,918,251$9,448,504$18,547,840
45$28,047,827$12,449,431$9,712,214$20,010,134
46$30,854,227$13,004,975$9,983,094$21,606,519
47$33,945,164$13,586,024$10,261,333$23,350,112
48$37,349,606$14,193,774$10,547,123$25,255,345
49$41,099,475$14,829,478$10,840,661$27,338,098
50$45,229,947$15,494,449$11,142,149$29,615,850
51$49,779,785$16,190,060$11,451,794$32,107,833
52$54,791,702$16,917,752$11,769,809$34,835,218
53$60,312,768$17,679,034$12,096,410$37,821,307
54$66,394,851$18,475,487$12,431,820$41,091,750
55$73,095,106$19,308,767$12,776,266$44,674,783
56$80,476,519$20,180,608$13,129,983$48,601,492
57$88,608,496$21,092,830$13,493,210$52,906,101
58$97,567,521$22,047,337$13,866,191$57,626,292
59$107,437,877$23,046,125$14,249,177$62,803,552
60$118,312,440$24,091,286$14,642,424$68,483,568
61$130,293,560$25,185,010$15,046,197$74,716,645
62$143,494,022$26,329,594$15,460,763$81,558,179
63$158,038,112$27,527,444$15,886,398$89,069,178
64$174,062,792$28,781,081$16,323,385$97,316,827
65$191,718,990$30,093,147$16,772,011$106,375,117
66$211,173,027$31,466,411$17,232,574$116,325,541
67$232,608,184$32,903,774$17,705,374$127,257,854
68$256,226,437$34,408,277$18,190,721$139,270,915
69$282,250,355$35,983,105$18,688,933$152,473,611
70$310,925,212$37,631,597$19,200,332$166,985,882
71$342,521,291$39,357,253$19,725,251$182,939,840
72$377,336,445$41,163,740$20,264,028$200,481,013
73$415,698,900$43,054,901$20,817,011$219,769,708
74$457,970,361$45,034,764$21,384,555$240,982,517
75$504,549,422$47,107,552$21,967,021$264,313,974
76$555,875,328$49,277,687$22,564,782$289,978,383
77$612,432,126$51,549,808$23,178,216$318,211,832
78$674,753,228$53,928,774$23,807,712$349,274,406
79$743,426,454$56,419,681$24,453,667$383,452,641
80$819,099,573$59,027,866$25,116,485$421,062,209
81$902,486,424$61,758,926$25,796,582$462,450,892
82$994,373,653$64,618,727$26,494,381$508,001,850
83$1,095,628,138$67,613,417$27,210,315$558,137,227
84$1,207,205,174$70,749,440$27,944,827$613,322,121
85$1,330,157,491$74,033,552$28,698,368$674,068,962
86$1,465,645,193$77,472,834$29,471,401$740,942,336
87$1,614,946,706$81,074,707$30,264,397$814,564,299
88$1,779,470,854$84,846,951$31,077,838$895,620,231
89$1,960,770,151$88,797,722$31,912,216$984,865,294
90$2,160,555,465$92,935,569$32,768,034$1,083,131,540
91$2,380,712,164$97,269,453$33,645,804$1,191,335,751
92$2,623,317,918$101,808,769$34,546,051$1,310,488,072
93$2,890,662,311$106,563,364$35,469,310$1,441,701,530
94$3,185,268,461$111,543,563$36,416,125$1,586,202,518
95$3,509,916,833$116,760,187$37,387,055$1,745,342,354
96$3,867,671,496$122,224,582$38,382,667$1,920,610,014
97$4,261,909,043$127,948,641$39,403,541$2,113,646,166
98$4,696,350,474$133,944,833$40,450,268$2,326,258,631
99$5,175,096,323$140,226,230$41,523,452$2,560,439,430
100$5,702,665,368$146,806,536$42,623,708$2,818,383,556