Can I retire at age 30 with 6,300,000?

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 $6,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$520,248$515,614$511,093$506,680$502,371$495,888
2 years$257,549$252,752$248,103$243,596$239,224$232,702
3 years$169,994$165,176$160,539$156,074$151,774$145,415
4 years$126,225$121,422$116,831$112,443$108,246$102,100
5 years$99,970$95,196$90,666$86,367$82,287$76,371
6 years$82,473$77,735$73,272$69,068$65,111$59,432
7 years$69,980$65,282$60,889$56,785$52,953$47,513
8 years$60,614$55,958$51,639$47,635$43,929$38,729
9 years$53,333$48,722$44,476$40,575$36,995$32,031
10 years$47,512$42,946$38,776$34,976$31,521$26,791
11 years$42,753$38,232$34,137$30,439$27,110$22,608
12 years$38,789$34,315$30,296$26,700$23,493$19,215
13 years$35,438$31,011$27,068$23,572$20,486$16,427
14 years$32,569$28,188$24,320$20,924$17,958$14,111
15 years$30,084$25,750$21,958$18,661$15,812$12,170
16 years$27,911$23,625$19,908$16,709$13,974$10,532
17 years$25,997$21,758$18,116$15,013$12,391$9,140
18 years$24,297$20,106$16,537$13,529$11,017$7,952
19 years$22,777$18,634$15,139$12,225$9,820$6,933
20 years$21,412$17,315$13,894$11,072$8,771$6,055
21 years$20,178$16,128$12,780$10,049$7,849$5,296
22 years$19,057$15,055$11,778$9,136$7,036$4,639
23 years$18,036$14,081$10,875$8,321$6,316$4,068
24 years$17,101$13,193$10,058$7,589$5,677$3,571
25 years$16,242$12,381$9,316$6,931$5,108$3,137
26 years$15,451$11,636$8,640$6,337$4,601$2,759
27 years$14,719$10,951$8,023$5,801$4,148$2,427
28 years$14,041$10,319$7,458$5,315$3,743$2,137
29 years$13,411$9,735$6,940$4,874$3,380$1,882
30 years$12,824$9,193$6,465$4,473$3,054$1,659
31 years$12,276$8,691$6,027$4,108$2,761$1,462
32 years$11,763$8,223$5,623$3,775$2,498$1,289
33 years$11,282$7,788$5,250$3,472$2,260$1,137
34 years$10,831$7,381$4,906$3,194$2,047$1,004
35 years$10,406$7,001$4,586$2,940$1,854$886
36 years$10,006$6,645$4,291$2,708$1,679$782
37 years$9,628$6,311$4,016$2,495$1,522$690
38 years$9,271$5,998$3,761$2,300$1,380$610
39 years$8,933$5,703$3,523$2,121$1,251$539
40 years$8,613$5,426$3,302$1,956$1,135$476
41 years$8,309$5,165$3,097$1,805$1,030$420
42 years$8,021$4,919$2,905$1,665$934$371
43 years$7,746$4,687$2,726$1,537$848$328
44 years$7,485$4,468$2,559$1,419$770$290
45 years$7,236$4,260$2,402$1,311$699$256
46 years$6,999$4,064$2,256$1,211$634$226
47 years$6,773$3,878$2,120$1,119$576$200
48 years$6,556$3,702$1,992$1,034$523$177
49 years$6,349$3,536$1,872$955$475$156
50 years$6,151$3,377$1,760$883$432$138

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $6,300,000, adding $6,612 every year, while hoping to spend $53,737 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: 46/35/19 Blend
29$6,300,000$6,300,000$6,300,000$6,300,000
30$6,949,420$6,615,520$6,517,870$7,231,090
31$7,601,085$6,882,505$6,679,043$7,695,611
32$8,317,419$7,160,771$6,843,814$8,193,383
33$9,104,962$7,450,814$7,012,248$8,732,298
34$9,970,917$7,753,153$7,184,407$9,316,213
35$10,923,223$8,068,330$7,360,357$9,949,363
36$11,970,625$8,396,912$7,540,163$10,636,402
37$13,122,759$8,739,491$7,723,889$11,382,446
38$14,390,242$9,096,687$7,911,600$12,193,115
39$15,784,770$9,469,148$8,103,362$13,074,591
40$17,319,231$9,857,552$8,299,240$14,033,669
41$19,007,827$10,262,606$8,499,298$15,077,820
42$20,866,204$10,685,052$8,703,603$16,215,260
43$22,911,602$11,125,664$8,912,219$17,455,028
44$25,163,017$11,585,254$9,125,210$18,807,061
45$27,641,381$12,064,668$9,342,641$20,282,296
46$30,369,758$12,564,793$9,564,576$21,892,762
47$33,373,562$13,086,556$9,791,077$23,651,695
48$36,680,795$13,630,927$10,022,208$25,573,658
49$40,322,315$14,198,921$10,258,031$27,674,678
50$44,332,122$14,791,600$10,498,606$29,972,394
51$48,747,683$15,410,073$10,743,994$32,486,217
52$53,610,283$16,055,502$10,994,254$35,237,513
53$58,965,413$16,729,102$11,249,442$38,249,801
54$64,863,203$17,432,146$11,509,616$41,548,972
55$71,358,892$18,165,964$11,774,831$45,163,525
56$78,513,350$18,931,947$12,045,139$49,124,840
57$86,393,652$19,731,553$12,320,592$53,467,463
58$95,073,711$20,566,306$12,601,238$58,229,431
59$104,634,975$21,437,801$12,887,125$63,452,628
60$115,167,196$22,347,706$13,178,297$69,183,171
61$126,769,277$23,297,770$13,474,797$75,471,848
62$139,550,203$24,289,821$13,776,662$82,374,584
63$153,630,073$25,325,771$14,083,930$89,952,969
64$169,141,230$26,407,625$14,396,632$98,274,833
65$186,229,514$27,537,476$14,714,797$107,414,881
66$205,055,633$28,717,521$15,038,452$117,455,389
67$225,796,684$29,950,056$15,367,616$128,486,979
68$248,647,821$31,237,484$15,702,306$140,609,466
69$273,824,100$32,582,322$16,042,534$153,932,791
70$301,562,507$33,987,204$16,388,308$168,578,057
71$332,124,194$35,454,889$16,739,628$184,678,660
72$365,796,946$36,988,263$17,096,490$202,381,544
73$402,897,896$38,590,349$17,458,883$221,848,577
74$443,776,516$40,264,311$17,826,791$243,258,073
75$488,817,922$42,013,463$18,200,190$266,806,468
76$538,446,502$43,841,275$18,579,048$292,710,159
77$593,129,924$45,751,377$18,963,325$321,207,545
78$653,383,555$47,747,573$19,352,975$352,561,261
79$719,775,320$49,833,846$19,747,942$387,060,652
80$792,931,063$52,014,365$20,148,159$425,024,490
81$873,540,461$54,293,498$20,553,551$466,803,973
82$962,363,525$56,675,816$20,964,032$512,786,032
83$1,060,237,783$59,166,110$21,379,506$563,396,963
84$1,168,086,180$61,769,393$21,799,863$619,106,448
85$1,286,925,795$64,490,917$22,224,982$680,431,968
86$1,417,877,437$67,336,183$22,654,730$747,943,678
87$1,562,176,230$70,310,951$23,088,958$822,269,774
88$1,721,183,273$73,421,254$23,527,505$904,102,408
89$1,896,398,483$76,673,412$23,970,193$994,204,203
90$2,089,474,762$80,074,043$24,416,828$1,093,415,442
91$2,302,233,596$83,630,079$24,867,200$1,202,661,977
92$2,536,682,251$87,348,782$25,321,081$1,322,963,953
93$2,795,032,726$91,237,758$25,778,222$1,455,445,421
94$3,079,722,629$95,304,973$26,238,357$1,601,344,927
95$3,393,438,194$99,558,773$26,701,199$1,762,027,185
96$3,739,139,639$104,007,902$27,166,438$1,938,995,939
97$4,120,089,109$108,661,516$27,633,740$2,133,908,133
98$4,539,881,477$113,529,210$28,102,750$2,348,589,533
99$5,002,478,281$118,621,034$28,573,085$2,585,051,939
100$5,512,245,118$123,947,517$29,044,337$2,845,512,145