Can I retire at age 30 with 6,900,000?

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 $6,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$569,796$564,720$559,768$554,935$550,216$546,519
2 years$282,077$276,824$271,732$266,796$262,007$258,279
3 years$186,183$180,907$175,829$170,939$166,228$162,584
4 years$138,246$132,986$127,958$123,152$118,555$115,023
5 years$109,491$104,263$99,301$94,592$90,124$86,714
6 years$90,327$85,138$80,250$75,646$71,312$68,029
7 years$76,644$71,499$66,688$62,193$57,996$54,841
8 years$66,387$61,288$56,557$52,172$48,113$45,087
9 years$58,413$53,362$48,712$44,439$40,518$37,619
10 years$52,037$47,036$42,468$38,307$34,524$31,751
11 years$46,825$41,873$37,389$33,338$29,691$27,043
12 years$42,484$37,583$33,181$29,242$25,730$23,203
13 years$38,814$33,964$29,645$25,817$22,437$20,029
14 years$35,670$30,873$26,637$22,917$19,668$17,377
15 years$32,949$28,203$24,049$20,438$17,317$15,139
16 years$30,570$25,875$21,804$18,300$15,305$13,237
17 years$28,473$23,830$19,841$16,442$13,571$11,609
18 years$26,611$22,020$18,112$14,818$12,066$10,208
19 years$24,947$20,408$16,581$13,389$10,755$8,997
20 years$23,451$18,964$15,217$12,127$9,607$7,944
21 years$22,099$17,665$13,997$11,006$8,597$7,027
22 years$20,872$16,489$12,900$10,007$7,706$6,225
23 years$19,754$15,422$11,911$9,113$6,917$5,521
24 years$18,730$14,449$11,016$8,312$6,217$4,903
25 years$17,789$13,560$10,203$7,591$5,595$4,358
26 years$16,922$12,744$9,463$6,941$5,039$3,878
27 years$16,121$11,994$8,787$6,353$4,543$3,453
28 years$15,379$11,302$8,168$5,821$4,100$3,076
29 years$14,688$10,662$7,601$5,338$3,702$2,743
30 years$14,045$10,069$7,080$4,899$3,345$2,447
31 years$13,445$9,519$6,601$4,499$3,024$2,184
32 years$12,883$9,006$6,159$4,135$2,736$1,950
33 years$12,357$8,529$5,750$3,802$2,476$1,741
34 years$11,862$8,084$5,373$3,498$2,241$1,556
35 years$11,397$7,667$5,023$3,220$2,030$1,391
36 years$10,959$7,277$4,699$2,966$1,839$1,243
37 years$10,545$6,912$4,398$2,733$1,667$1,112
38 years$10,154$6,569$4,119$2,519$1,511$994
39 years$9,784$6,246$3,859$2,322$1,371$890
40 years$9,433$5,943$3,617$2,142$1,243$796
41 years$9,101$5,657$3,392$1,976$1,128$712
42 years$8,785$5,388$3,181$1,824$1,023$638
43 years$8,484$5,133$2,985$1,684$929$571
44 years$8,198$4,893$2,802$1,555$843$511
45 years$7,926$4,666$2,631$1,436$765$457
46 years$7,666$4,451$2,471$1,326$695$410
47 years$7,418$4,248$2,322$1,225$631$367
48 years$7,180$4,055$2,182$1,132$573$328
49 years$6,954$3,872$2,051$1,046$520$294
50 years$6,737$3,699$1,928$967$473$263

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $6,900,000, adding $2,422 every year, while hoping to spend $45,236 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: 55/38/7 Blend
29$6,900,000$6,900,000$6,900,000$6,900,000
30$7,606,298$7,240,598$7,133,648$8,012,316
31$8,334,010$7,547,257$7,324,495$8,593,331
32$9,134,432$7,867,426$7,520,218$9,220,369
33$10,014,933$8,201,719$7,720,935$9,901,938
34$10,983,633$8,550,779$7,926,762$10,643,224
35$12,049,475$8,915,279$8,137,821$11,449,926
36$13,222,318$9,295,924$8,354,234$12,328,306
37$14,513,020$9,693,449$8,576,126$13,285,252
38$15,933,547$10,108,628$8,803,626$14,328,331
39$17,497,084$10,542,266$9,036,862$15,465,866
40$19,218,159$10,995,209$9,275,970$16,707,010
41$21,112,779$11,468,343$9,521,083$18,061,827
42$23,198,583$11,962,592$9,772,340$19,541,387
43$25,495,007$12,478,927$10,029,881$21,157,867
44$28,023,466$13,018,363$10,293,851$22,924,662
45$30,807,559$13,581,962$10,564,394$24,856,510
46$33,873,289$14,170,838$10,841,660$26,969,626
47$37,249,309$14,786,153$11,125,801$29,281,851
48$40,967,194$15,429,129$11,416,970$31,812,821
49$45,061,733$16,101,043$11,715,324$34,584,142
50$49,571,266$16,803,230$12,021,024$37,619,595
51$54,538,039$17,537,092$12,334,231$40,945,358
52$60,008,603$18,304,093$12,655,112$44,590,240
53$66,034,256$19,105,770$12,983,835$48,585,959
54$72,671,527$19,943,729$13,320,570$52,967,428
55$79,982,705$20,819,655$13,665,491$57,773,086
56$88,036,432$21,735,309$14,018,776$63,045,253
57$96,908,348$22,692,538$14,380,604$68,830,521
58$106,681,802$23,693,275$14,751,158$75,180,196
59$117,448,647$24,739,547$15,130,622$82,150,767
60$129,310,096$25,833,472$15,519,186$89,804,441
61$142,377,687$26,977,273$15,917,039$98,209,720
62$156,774,327$28,173,276$16,324,376$107,442,039
63$172,635,460$29,423,917$16,741,394$117,584,477
64$190,110,338$30,731,750$17,168,292$128,728,528
65$209,363,434$32,099,448$17,605,271$140,974,960
66$230,575,994$33,529,810$18,052,538$154,434,756
67$253,947,746$35,025,772$18,510,299$169,230,158
68$279,698,787$36,590,405$18,978,764$185,495,806
69$308,071,657$38,226,929$19,458,147$203,380,003
70$339,333,633$39,938,716$19,948,662$223,046,105
71$373,779,249$41,729,298$20,450,527$244,674,053
72$411,733,075$43,602,377$20,963,963$268,462,063
73$453,552,785$45,561,829$21,489,192$294,628,480
74$499,632,527$47,611,717$22,026,438$323,413,835
75$550,406,650$49,756,296$22,575,929$355,083,100
76$606,353,799$52,000,026$23,137,893$389,928,175
77$668,001,436$54,347,576$23,712,562$428,270,634
78$735,930,818$56,803,843$24,300,168$470,464,747
79$810,782,484$59,373,953$24,900,946$516,900,804
80$893,262,301$62,063,281$25,515,131$568,008,792
81$984,148,129$64,877,455$26,142,962$624,262,433
82$1,084,297,164$67,822,377$26,784,677$686,183,644
83$1,194,654,028$70,904,226$27,440,516$754,347,440
84$1,316,259,685$74,129,479$28,110,721$829,387,352
85$1,450,261,275$77,504,926$28,795,531$912,001,383
86$1,597,922,935$81,037,676$29,495,191$1,002,958,580
87$1,760,637,736$84,735,185$30,209,942$1,103,106,274
88$1,939,940,837$88,605,261$30,940,027$1,213,378,055
89$2,137,523,973$92,656,089$31,685,689$1,334,802,565
90$2,355,251,428$96,896,247$32,447,169$1,468,513,182
91$2,595,177,634$101,334,723$33,224,709$1,615,758,700
92$2,859,566,565$105,980,937$34,018,550$1,777,915,086
93$3,150,913,113$110,844,762$34,828,929$1,956,498,448
94$3,471,966,637$115,936,542$35,656,085$2,153,179,315
95$3,825,756,923$121,267,122$36,500,253$2,369,798,379
96$4,215,622,784$126,847,865$37,361,666$2,608,383,842
97$4,645,243,580$132,690,682$38,240,554$2,871,170,531
98$5,118,673,956$138,808,057$39,137,144$3,160,620,958
99$5,640,382,120$145,213,072$40,051,658$3,479,448,537
100$6,215,292,024$151,919,441$40,984,317$3,830,643,159