Can I retire at age 30 with 6,400,000?

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 $6,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$528,506$523,798$519,205$514,722$510,345$489,903
2 years$261,637$256,764$252,041$247,463$243,021$222,683
3 years$172,692$167,798$163,088$158,552$154,183$134,589
4 years$128,228$123,349$118,686$114,228$109,964$91,264
5 years$101,557$96,707$92,105$87,738$83,593$65,833
6 years$83,782$78,969$74,435$70,165$66,144$49,336
7 years$71,090$66,318$61,856$57,686$53,793$37,930
8 years$61,576$56,847$52,458$48,392$44,627$29,693
9 years$54,180$49,495$45,182$41,219$37,582$23,554
10 years$48,267$43,628$39,391$35,531$32,022$18,872
11 years$43,432$38,839$34,679$30,923$27,540$15,238
12 years$39,405$34,860$30,777$27,123$23,865$12,377
13 years$36,001$31,503$27,497$23,946$20,811$10,102
14 years$33,086$28,636$24,706$21,256$18,243$8,276
15 years$30,561$26,159$22,306$18,957$16,062$6,801
16 years$28,354$24,000$20,224$16,974$14,196$5,603
17 years$26,409$22,104$18,403$15,251$12,587$4,625
18 years$24,682$20,425$16,800$13,744$11,192$3,824
19 years$23,139$18,929$15,379$12,419$9,976$3,166
20 years$21,752$17,590$14,114$11,248$8,910$2,624
21 years$20,498$16,384$12,982$10,208$7,974$2,177
22 years$19,360$15,294$11,965$9,282$7,147$1,808
23 years$18,322$14,304$11,048$8,453$6,416$1,502
24 years$17,373$13,402$10,217$7,709$5,767$1,248
25 years$16,500$12,577$9,463$7,041$5,189$1,038
26 years$15,696$11,821$8,777$6,438$4,674$863
27 years$14,953$11,125$8,150$5,893$4,214$718
28 years$14,264$10,483$7,577$5,399$3,803$598
29 years$13,624$9,889$7,051$4,951$3,434$498
30 years$13,028$9,339$6,567$4,544$3,103$415
31 years$12,471$8,829$6,123$4,173$2,805$345
32 years$11,950$8,354$5,712$3,835$2,537$287
33 years$11,461$7,911$5,334$3,527$2,296$239
34 years$11,003$7,498$4,984$3,245$2,079$199
35 years$10,571$7,112$4,659$2,987$1,883$166
36 years$10,165$6,750$4,359$2,751$1,706$138
37 years$9,781$6,411$4,080$2,535$1,546$115
38 years$9,418$6,093$3,820$2,336$1,402$96
39 years$9,075$5,794$3,579$2,154$1,271$80
40 years$8,750$5,512$3,355$1,987$1,153$67
41 years$8,441$5,247$3,146$1,833$1,046$56
42 years$8,148$4,997$2,951$1,692$949$46
43 years$7,869$4,761$2,769$1,562$861$39
44 years$7,604$4,538$2,599$1,442$782$32
45 years$7,351$4,328$2,441$1,332$710$27
46 years$7,110$4,129$2,292$1,230$645$22
47 years$6,880$3,940$2,153$1,137$585$19
48 years$6,660$3,761$2,024$1,050$532$16
49 years$6,450$3,592$1,902$971$483$13
50 years$6,249$3,431$1,788$897$438$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $6,400,000, adding $2,376 every year, while hoping to spend $23,470 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: 58/23/19 Blend
29$6,400,000$6,400,000$6,400,000$6,400,000
30$7,055,251$6,716,051$6,616,851$7,428,945
31$7,749,915$7,020,165$6,813,543$7,987,050
32$8,514,647$7,338,395$7,016,039$8,592,439
33$9,356,571$7,671,406$7,224,506$9,251,907
34$10,283,535$8,019,899$7,439,120$9,970,673
35$11,304,185$8,384,603$7,660,060$10,754,475
36$12,428,051$8,766,288$7,887,512$11,609,626
37$13,665,633$9,165,757$8,121,664$12,543,069
38$15,028,501$9,583,853$8,362,713$13,562,440
39$16,529,404$10,021,457$8,610,860$14,676,140
40$18,182,391$10,479,496$8,866,312$15,893,414
41$20,002,943$10,958,940$9,129,281$17,224,431
42$22,008,119$11,460,803$9,399,987$18,680,383
43$24,216,716$11,986,151$9,678,656$20,273,586
44$26,649,448$12,536,100$9,965,518$22,017,595
45$29,329,142$13,111,819$10,260,813$23,927,328
46$32,280,951$13,714,534$10,564,786$26,019,206
47$35,532,591$14,345,530$10,877,690$28,311,304
48$39,114,607$15,006,152$11,199,784$30,823,521
49$43,060,655$15,697,813$11,531,336$33,577,762
50$47,407,826$16,421,989$11,872,620$36,598,144
51$52,196,990$17,180,233$12,223,918$39,911,219
52$57,473,187$17,974,168$12,585,523$43,546,224
53$63,286,046$18,805,496$12,957,732$47,535,351
54$69,690,262$19,676,004$13,340,855$51,914,048
55$76,746,101$20,587,561$13,735,206$56,721,350
56$84,519,981$21,542,129$14,141,113$62,000,244
57$93,085,088$22,541,762$14,558,909$67,798,071
58$102,522,074$23,588,616$14,988,940$74,166,968
59$112,919,816$24,684,948$15,431,560$81,164,355
60$124,376,252$25,833,126$15,887,132$88,853,474
61$136,999,312$27,035,631$16,356,033$97,303,982
62$150,907,929$28,295,064$16,838,647$106,592,599
63$166,233,168$29,614,152$17,335,372$116,803,832
64$183,119,458$30,995,753$17,846,615$128,030,766
65$201,725,962$32,442,864$18,372,795$140,375,934
66$222,228,071$33,958,625$18,914,345$153,952,285
67$244,819,066$35,546,330$19,471,707$168,884,236
68$269,711,940$37,209,429$20,045,338$185,308,847
69$297,141,409$38,951,542$20,635,708$203,377,104
70$327,366,127$40,776,463$21,243,299$223,255,340
71$360,671,131$42,688,168$21,868,608$245,126,794
72$397,370,524$44,690,826$22,512,145$269,193,337
73$437,810,451$46,788,810$23,174,435$295,677,367
74$482,372,356$48,986,701$23,856,018$324,823,901
75$531,476,591$51,289,304$24,557,449$356,902,878
76$585,586,378$53,701,655$25,279,299$392,211,700
77$645,212,188$56,229,035$26,022,154$431,078,029
78$710,916,555$58,876,981$26,786,620$473,862,867
79$783,319,387$61,651,297$27,573,316$520,963,960
80$863,103,823$64,558,069$28,382,880$572,819,535
81$951,022,676$67,603,678$29,215,970$629,912,429
82$1,047,905,544$70,794,812$30,073,259$692,774,633
83$1,154,666,638$74,138,486$30,955,442$761,992,306
84$1,272,313,417$77,642,055$31,863,231$838,211,289
85$1,401,956,098$81,313,228$32,797,362$922,143,192
86$1,544,818,134$85,160,090$33,758,587$1,014,572,097
87$1,702,247,767$89,191,117$34,747,683$1,116,361,943
88$1,875,730,754$93,415,198$35,765,446$1,228,464,669
89$2,066,904,399$97,841,650$36,812,696$1,351,929,183
90$2,277,573,002$102,480,245$37,890,276$1,487,911,246
91$2,509,724,900$107,341,229$38,999,052$1,637,684,364
92$2,765,551,235$112,435,344$40,139,915$1,802,651,795
93$3,047,466,639$117,773,854$41,313,780$1,984,359,773
94$3,358,132,033$123,368,570$42,521,589$2,184,512,088
95$3,700,479,747$129,231,876$43,764,309$2,404,986,146
96$4,077,741,202$135,376,760$45,042,934$2,647,850,671
97$4,493,477,421$141,816,837$46,358,488$2,915,385,212
98$4,951,612,642$148,566,386$47,712,022$3,210,101,638
99$5,456,471,372$155,640,379$49,104,616$3,534,767,826
100$6,012,819,212$163,054,517$50,537,380$3,892,433,762