Can I retire at age 30 with 6,800,000?

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 $6,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$561,538$556,536$551,656$546,893$542,242$531,076
2 years$277,989$272,812$267,794$262,929$258,210$247,012
3 years$183,485$178,285$173,280$168,461$163,819$152,938
4 years$136,242$131,059$126,104$121,367$116,837$106,356
5 years$107,904$102,752$97,862$93,221$88,818$78,767
6 years$89,018$83,904$79,087$74,550$70,279$60,669
7 years$75,534$70,463$65,722$61,292$57,155$47,988
8 years$65,425$60,400$55,737$51,416$47,416$38,689
9 years$57,566$52,589$48,006$43,795$39,931$31,638
10 years$51,283$46,354$41,853$37,752$34,023$26,157
11 years$46,146$41,267$36,847$32,855$29,261$21,811
12 years$41,868$37,039$32,701$28,819$25,357$18,312
13 years$38,251$33,472$29,216$25,442$22,112$15,460
14 years$35,153$30,425$26,250$22,585$19,383$13,111
15 years$32,471$27,794$23,701$20,142$17,066$11,162
16 years$30,127$25,500$21,488$18,035$15,083$9,532
17 years$28,060$23,485$19,553$16,204$13,374$8,161
18 years$26,225$21,701$17,850$14,603$11,891$7,003
19 years$24,585$20,112$16,341$13,195$10,599$6,020
20 years$23,111$18,689$14,997$11,951$9,467$5,184
21 years$21,779$17,408$13,794$10,846$8,472$4,470
22 years$20,570$16,250$12,713$9,862$7,594$3,859
23 years$19,467$15,198$11,738$8,981$6,817$3,334
24 years$18,458$14,240$10,856$8,191$6,127$2,884
25 years$17,531$13,364$10,055$7,481$5,514$2,496
26 years$16,677$12,560$9,325$6,840$4,966$2,161
27 years$15,888$11,820$8,659$6,261$4,478$1,873
28 years$15,156$11,138$8,050$5,736$4,040$1,624
29 years$14,476$10,507$7,491$5,260$3,648$1,408
30 years$13,842$9,923$6,978$4,828$3,296$1,222
31 years$13,250$9,381$6,505$4,434$2,980$1,060
32 years$12,697$8,876$6,070$4,075$2,696$920
33 years$12,178$8,406$5,667$3,747$2,440$799
34 years$11,690$7,967$5,295$3,448$2,209$694
35 years$11,232$7,556$4,950$3,174$2,001$603
36 years$10,800$7,172$4,631$2,923$1,813$524
37 years$10,392$6,812$4,335$2,693$1,643$455
38 years$10,007$6,474$4,059$2,482$1,489$395
39 years$9,642$6,156$3,803$2,289$1,351$343
40 years$9,297$5,857$3,565$2,111$1,225$299
41 years$8,969$5,575$3,342$1,948$1,111$259
42 years$8,657$5,309$3,135$1,798$1,009$226
43 years$8,361$5,059$2,942$1,659$915$196
44 years$8,079$4,822$2,762$1,532$831$170
45 years$7,811$4,598$2,593$1,415$754$148
46 years$7,555$4,387$2,435$1,307$685$129
47 years$7,310$4,186$2,288$1,208$622$112
48 years$7,076$3,996$2,150$1,116$565$97
49 years$6,853$3,816$2,021$1,031$513$85
50 years$6,639$3,645$1,900$953$466$74

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $6,800,000, adding $6,544 every year, while hoping to spend $32,244 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: 71/7/22 Blend
29$6,800,000$6,800,000$6,800,000$6,800,000
30$7,500,350$7,139,950$7,034,550$7,991,594
31$8,231,078$7,455,500$7,235,900$8,635,700
32$9,035,260$7,785,432$7,442,915$9,336,293
33$9,920,354$8,130,415$7,655,750$10,102,626
34$10,894,578$8,491,153$7,874,565$10,941,214
35$11,966,986$8,868,381$8,099,524$11,859,235
36$13,147,557$9,262,869$8,330,796$12,864,591
37$14,447,283$9,675,426$8,568,554$13,965,981
38$15,878,280$10,106,896$8,812,974$15,172,987
39$17,453,897$10,558,165$9,064,241$16,496,159
40$19,188,841$11,030,162$9,322,539$17,947,117
41$21,099,320$11,523,858$9,588,062$19,538,658
42$23,203,195$12,040,271$9,861,006$21,284,874
43$25,520,145$12,580,469$10,141,574$23,201,288
44$28,071,856$13,145,568$10,429,973$25,304,997
45$30,882,225$13,736,740$10,726,416$27,614,832
46$33,977,582$14,355,211$11,031,122$30,151,535
47$37,386,945$15,002,266$11,344,314$32,937,956
48$41,142,289$15,679,252$11,666,224$35,999,263
49$45,278,846$16,387,579$11,997,086$39,363,182
50$49,835,443$17,128,726$12,337,144$43,060,253
51$54,854,866$17,904,240$12,686,645$47,124,124
52$60,384,260$18,715,746$13,045,846$51,591,860
53$66,475,579$19,564,942$13,415,006$56,504,295
54$73,186,075$20,453,611$13,794,396$61,906,416
55$80,578,836$21,383,619$14,184,290$67,847,784
56$88,723,384$22,356,923$14,584,970$74,383,003
57$97,696,329$23,375,573$14,996,726$81,572,230
58$107,582,094$24,441,715$15,419,856$89,481,746
59$118,473,711$25,557,602$15,854,664$98,184,574
60$130,473,697$26,725,592$16,301,463$107,761,172
61$143,695,025$27,948,157$16,760,573$118,300,185
62$158,262,188$29,227,888$17,232,323$129,899,285
63$174,312,376$30,567,498$17,717,050$142,666,088
64$191,996,767$31,969,835$18,215,100$156,719,168
65$211,481,958$33,437,878$18,726,827$172,189,171
66$232,951,538$34,974,754$19,252,596$189,220,054
67$256,607,814$36,583,736$19,792,777$207,970,433
68$282,673,730$38,268,258$20,347,754$228,615,082
69$311,394,965$40,031,918$20,917,919$251,346,577
70$343,042,255$41,878,484$21,503,672$276,377,118
71$377,913,945$43,811,910$22,105,425$303,940,519
72$416,338,811$45,836,338$22,723,601$334,294,422
73$458,679,159$47,956,108$23,358,631$367,722,720
74$505,334,248$50,175,771$24,010,959$404,538,235
75$556,744,054$52,500,097$24,681,039$445,085,668
76$613,393,431$54,934,085$25,369,337$489,744,851
77$675,816,680$57,482,975$26,076,330$538,934,327
78$744,602,601$60,152,260$26,802,506$593,115,298
79$820,400,043$62,947,697$27,548,366$652,795,974
80$903,924,035$65,875,322$28,314,424$718,536,369
81$995,962,535$68,941,461$29,101,206$790,953,580
82$1,097,383,866$72,152,746$29,909,249$870,727,612
83$1,209,144,918$75,516,128$30,739,107$958,607,789
84$1,332,300,176$79,038,894$31,591,343$1,055,419,827
85$1,468,011,678$82,728,684$32,466,537$1,162,073,620
86$1,617,559,985$86,593,506$33,365,282$1,279,571,828
87$1,782,356,270$90,641,753$34,288,185$1,409,019,335
88$1,963,955,638$94,882,228$35,235,868$1,551,633,676
89$2,164,071,811$99,324,156$36,208,968$1,708,756,524
90$2,384,593,304$103,977,208$37,208,137$1,881,866,349
91$2,627,601,254$108,851,524$38,234,042$2,072,592,370
92$2,895,389,067$113,957,733$39,287,367$2,282,729,932
93$3,190,484,070$119,306,980$40,368,812$2,514,257,444
94$3,515,671,370$124,910,947$41,479,093$2,769,355,051
95$3,874,020,150$130,781,884$42,618,943$3,050,425,209
96$4,268,912,640$136,932,631$43,789,112$3,360,115,356
97$4,704,076,051$143,376,651$44,990,368$3,701,342,901
98$5,183,617,760$150,128,059$46,223,498$4,077,322,754
99$5,712,064,092$157,201,654$47,489,305$4,491,597,672
100$6,294,403,045$164,612,951$48,788,612$4,948,071,692