Can I retire at age 30 with 6,600,000?

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 $6,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$545,022$540,167$535,431$530,807$526,293$506,412
2 years$269,813$264,788$259,918$255,196$250,616$230,817
3 years$178,088$173,042$168,184$163,506$159,001$139,907
4 years$132,235$127,204$122,395$117,797$113,401$95,157
5 years$104,731$99,729$94,983$90,480$86,206$68,860
6 years$86,400$81,437$76,761$72,357$68,211$51,775
7 years$73,312$68,390$63,789$59,489$55,474$39,943
8 years$63,500$58,623$54,098$49,904$46,021$31,380
9 years$55,873$51,042$46,594$42,507$38,757$24,985
10 years$49,775$44,991$40,622$36,641$33,022$20,095
11 years$44,789$40,053$35,763$31,889$28,400$16,288
12 years$40,637$35,949$31,739$27,971$24,611$13,284
13 years$37,126$32,488$28,356$24,694$21,461$10,887
14 years$34,119$29,530$25,478$21,921$18,813$8,956
15 years$31,516$26,977$23,004$19,549$16,564$7,392
16 years$29,240$24,750$20,856$17,504$14,640$6,116
17 years$27,235$22,794$18,978$15,728$12,981$5,071
18 years$25,454$21,063$17,325$14,174$11,542$4,212
19 years$23,862$19,521$15,860$12,807$10,287$3,503
20 years$22,431$18,140$14,555$11,599$9,189$2,917
21 years$21,139$16,896$13,388$10,527$8,223$2,431
22 years$19,965$15,772$12,339$9,572$7,371$2,028
23 years$18,895$14,751$11,393$8,717$6,616$1,693
24 years$17,915$13,821$10,537$7,950$5,947$1,414
25 years$17,016$12,970$9,759$7,261$5,351$1,181
26 years$16,187$12,190$9,051$6,639$4,820$987
27 years$15,420$11,472$8,405$6,077$4,346$826
28 years$14,710$10,810$7,813$5,568$3,921$691
29 years$14,050$10,198$7,271$5,106$3,541$578
30 years$13,435$9,631$6,773$4,686$3,199$483
31 years$12,861$9,105$6,314$4,303$2,893$405
32 years$12,323$8,615$5,891$3,955$2,617$339
33 years$11,820$8,158$5,500$3,637$2,368$283
34 years$11,347$7,732$5,139$3,346$2,144$237
35 years$10,902$7,334$4,805$3,080$1,942$199
36 years$10,482$6,961$4,495$2,837$1,759$166
37 years$10,087$6,611$4,207$2,614$1,595$139
38 years$9,713$6,283$3,940$2,409$1,446$117
39 years$9,359$5,975$3,691$2,221$1,311$98
40 years$9,023$5,684$3,460$2,049$1,189$82
41 years$8,705$5,411$3,244$1,890$1,079$68
42 years$8,403$5,153$3,043$1,745$979$57
43 years$8,115$4,910$2,856$1,611$888$48
44 years$7,842$4,680$2,680$1,487$806$40
45 years$7,581$4,463$2,517$1,373$732$34
46 years$7,332$4,258$2,364$1,269$665$28
47 years$7,095$4,063$2,221$1,172$604$24
48 years$6,868$3,879$2,087$1,083$548$20
49 years$6,651$3,704$1,962$1,001$498$17
50 years$6,444$3,538$1,844$925$452$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $6,600,000, adding $2,957 every year, while hoping to spend $38,538 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$6,600,000$6,600,000$6,600,000$6,600,000
30$7,276,250$6,926,450$6,824,150$7,532,850
31$7,977,424$7,224,842$7,011,755$8,015,366
32$8,748,825$7,536,564$7,204,353$8,534,224
33$9,597,577$7,862,227$7,402,071$9,095,981
34$10,531,528$8,202,474$7,605,038$9,704,657
35$11,559,323$8,557,975$7,813,387$10,364,669
36$12,690,492$8,929,434$8,027,253$11,080,870
37$13,935,532$9,317,586$8,246,775$11,858,594
38$15,306,010$9,723,201$8,472,096$12,703,705
39$16,814,672$10,147,087$8,703,360$13,622,648
40$18,475,562$10,590,088$8,940,716$14,622,508
41$20,304,155$11,053,088$9,184,317$15,711,079
42$22,317,504$11,537,014$9,434,316$16,896,929
43$24,534,398$12,042,836$9,690,874$18,189,483
44$26,975,540$12,571,569$9,954,152$19,599,107
45$29,663,746$13,124,277$10,224,317$21,137,205
46$32,624,155$13,702,073$10,501,539$22,816,324
47$35,884,470$14,306,125$10,785,991$24,650,268
48$39,475,214$14,937,654$11,077,850$26,654,226
49$43,430,027$15,597,940$11,377,299$28,844,914
50$47,785,973$16,288,322$11,684,521$31,240,727
51$52,583,897$17,010,205$11,999,708$33,861,912
52$57,868,807$17,765,058$12,323,051$36,730,753
53$63,690,301$18,554,421$12,654,749$39,871,781
54$70,103,032$19,379,908$12,995,003$43,311,998
55$77,167,226$20,243,208$13,344,020$47,081,132
56$84,949,249$21,146,091$13,702,010$51,211,910
57$93,522,233$22,090,410$14,069,189$55,740,365
58$102,966,768$23,078,108$14,445,774$60,706,173
59$113,371,663$24,111,219$14,831,992$66,153,017
60$124,834,778$25,191,875$15,228,069$72,129,003
61$137,463,956$26,322,308$15,634,240$78,687,101
62$151,378,036$27,504,857$16,050,743$85,885,647
63$166,707,973$28,741,972$16,477,821$93,788,882
64$183,598,079$30,036,222$16,915,721$102,467,557
65$202,207,382$31,390,295$17,364,696$111,999,593
66$222,711,126$32,807,011$17,825,004$122,470,813
67$245,302,427$34,289,321$18,296,909$133,975,742
68$270,194,097$35,840,320$18,780,677$146,618,493
69$297,620,647$37,463,248$19,276,582$160,513,747
70$327,840,509$39,161,502$19,784,903$175,787,824
71$361,138,467$40,938,642$20,305,923$192,579,870
72$397,828,350$42,798,395$20,839,932$211,043,162
73$438,255,995$44,744,670$21,387,223$231,346,545
74$482,802,509$46,781,561$21,948,097$253,676,020
75$531,887,865$48,913,358$22,522,858$278,236,490
76$585,974,872$51,144,557$23,111,819$305,253,685
77$645,573,539$53,479,870$23,715,294$334,976,280
78$711,245,890$55,924,234$24,333,607$367,678,238
79$783,611,272$58,482,823$24,967,085$403,661,379
80$863,352,200$61,161,060$25,616,060$443,258,225
81$951,220,799$63,964,626$26,280,873$486,835,120
82$1,048,045,906$66,899,478$26,961,867$534,795,683
83$1,154,740,891$69,971,855$27,659,392$587,584,601
84$1,272,312,286$73,188,300$28,373,806$645,691,814
85$1,401,869,279$76,555,667$29,105,468$709,657,129
86$1,544,634,191$80,081,140$29,854,748$780,075,298
87$1,701,954,014$83,772,251$30,622,016$857,601,620
88$1,875,313,122$87,636,891$31,407,654$942,958,110
89$2,066,347,294$91,683,332$32,212,043$1,036,940,298
90$2,276,859,147$95,920,243$33,035,575$1,140,424,725
91$2,508,835,158$100,356,713$33,878,645$1,254,377,194
92$2,764,464,418$105,002,266$34,741,653$1,379,861,876
93$3,046,159,297$109,866,886$35,625,007$1,518,051,328
94$3,356,578,218$114,961,036$36,529,118$1,670,237,551
95$3,698,650,755$120,295,685$37,454,402$1,837,844,156
96$4,075,605,290$125,882,332$38,401,283$2,022,439,790
97$4,490,999,491$131,733,027$39,370,187$2,225,752,913
98$4,948,753,897$137,860,404$40,361,547$2,449,688,099
99$5,453,188,936$144,277,705$41,375,799$2,696,343,982
100$6,009,065,706$150,998,811$42,413,387$2,968,033,049