Can I retire at age 30 with 7,100,000?

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 $7,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$586,311$581,089$575,993$571,020$566,164$545,425
2 years$290,253$284,847$279,608$274,529$269,602$248,939
3 years$191,580$186,151$180,925$175,893$171,047$151,109
4 years$142,253$136,841$131,667$126,721$121,992$102,932
5 years$112,665$107,285$102,179$97,334$92,736$74,604
6 years$92,945$87,606$82,576$77,839$73,379$56,187
7 years$78,866$73,571$68,621$63,996$59,677$43,420
8 years$68,311$63,064$58,196$53,684$49,508$34,173
9 years$60,106$54,909$50,124$45,727$41,693$27,259
10 years$53,546$48,399$43,699$39,417$35,524$21,966
11 years$48,182$43,087$38,472$34,305$30,552$17,840
12 years$43,715$38,673$34,143$30,090$26,476$14,578
13 years$39,939$34,949$30,505$26,565$23,087$11,972
14 years$36,704$31,768$27,409$23,581$20,238$9,870
15 years$33,904$29,020$24,746$21,030$17,819$8,163
16 years$31,456$26,625$22,436$18,830$15,749$6,769
17 years$29,298$24,521$20,416$16,919$13,964$5,625
18 years$27,382$22,659$18,637$15,247$12,416$4,682
19 years$25,670$21,000$17,061$13,777$11,067$3,903
20 years$24,131$19,514$15,658$12,478$9,885$3,258
21 years$22,740$18,177$14,402$11,325$8,846$2,722
22 years$21,477$16,967$13,274$10,297$7,929$2,276
23 years$20,326$15,869$12,256$9,377$7,118$1,904
24 years$19,273$14,868$11,335$8,553$6,398$1,594
25 years$18,305$13,953$10,498$7,811$5,757$1,335
26 years$17,413$13,114$9,737$7,142$5,186$1,119
27 years$16,589$12,341$9,041$6,537$4,675$938
28 years$15,824$11,629$8,405$5,989$4,218$786
29 years$15,114$10,971$7,822$5,492$3,809$659
30 years$14,453$10,361$7,286$5,041$3,442$553
31 years$13,835$9,794$6,792$4,629$3,112$464
32 years$13,257$9,268$6,337$4,255$2,815$389
33 years$12,715$8,777$5,917$3,912$2,547$327
34 years$12,206$8,318$5,529$3,600$2,306$274
35 years$11,728$7,890$5,169$3,314$2,089$230
36 years$11,276$7,488$4,835$3,052$1,893$193
37 years$10,851$7,112$4,526$2,812$1,715$162
38 years$10,448$6,759$4,238$2,592$1,555$136
39 years$10,068$6,427$3,971$2,390$1,410$114
40 years$9,707$6,115$3,722$2,204$1,279$96
41 years$9,364$5,821$3,490$2,034$1,161$80
42 years$9,039$5,544$3,274$1,877$1,053$68
43 years$8,730$5,282$3,072$1,733$956$57
44 years$8,436$5,035$2,883$1,600$867$48
45 years$8,155$4,801$2,707$1,477$788$40
46 years$7,888$4,580$2,543$1,365$715$34
47 years$7,633$4,371$2,389$1,261$649$28
48 years$7,389$4,173$2,245$1,165$590$24
49 years$7,155$3,985$2,110$1,077$536$20
50 years$6,932$3,806$1,984$995$486$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $7,100,000, adding $2,801 every year, while hoping to spend $31,727 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: 42/48/10 Blend
29$7,100,000$7,100,000$7,100,000$7,100,000
30$7,827,089$7,450,789$7,340,739$8,132,775
31$8,591,695$7,782,121$7,552,897$8,677,979
32$9,433,227$8,128,624$7,771,098$9,264,570
33$10,359,499$8,491,009$7,995,512$9,899,023
34$11,379,119$8,870,020$8,226,313$10,585,716
35$12,501,573$9,266,435$8,463,679$11,329,449
36$13,737,314$9,681,070$8,707,792$12,135,489
37$15,097,859$10,114,781$8,958,842$13,009,618
38$16,595,898$10,568,463$9,217,021$13,958,181
39$18,245,416$11,043,054$9,482,528$14,988,142
40$20,061,822$11,539,538$9,755,566$16,107,150
41$22,062,096$12,058,943$10,036,345$17,323,605
42$24,264,948$12,602,349$10,325,081$18,646,730
43$26,690,995$13,170,887$10,621,993$20,086,662
44$29,362,956$13,765,740$10,927,310$21,654,535
45$32,305,865$14,388,149$11,241,263$23,362,585
46$35,547,310$15,039,415$11,564,092$25,224,259
47$39,117,689$15,720,900$11,896,042$27,254,340
48$43,050,500$16,434,031$12,237,366$29,469,075
49$47,382,657$17,180,303$12,588,323$31,886,331
50$52,154,834$17,961,285$12,949,179$34,525,749
51$57,411,857$18,778,618$13,320,206$37,408,933
52$63,203,120$19,634,023$13,701,686$40,559,638
53$69,583,051$20,529,303$14,093,906$44,003,995
54$76,611,632$21,466,349$14,497,161$47,770,747
55$84,354,958$22,447,139$14,911,755$51,891,516
56$92,885,864$23,473,750$15,338,000$56,401,088
57$102,284,614$24,548,356$15,776,215$61,337,741
58$112,639,655$25,673,235$16,226,729$66,743,595
59$124,048,454$26,850,778$16,689,878$72,664,997
60$136,618,416$28,083,485$17,166,009$79,152,956
61$150,467,900$29,373,982$17,655,476$86,263,610
62$165,727,335$30,725,017$18,158,644$94,058,751
63$182,540,452$32,139,471$18,675,887$102,606,391
64$201,065,638$33,620,365$19,207,588$111,981,399
65$221,477,434$35,170,863$19,754,143$122,266,194
66$243,968,180$36,794,283$20,315,955$133,551,512
67$268,749,834$38,494,103$20,893,439$145,937,248
68$296,055,969$40,273,966$21,487,022$159,533,389
69$326,143,980$42,137,693$22,097,139$174,461,037
70$359,297,513$44,089,286$22,724,240$190,853,536
71$395,829,141$46,132,944$23,368,784$208,857,720
72$436,083,319$48,273,063$24,031,244$228,635,278
73$480,439,631$50,514,257$24,712,104$250,364,270
74$529,316,375$52,861,357$25,411,861$274,240,787
75$583,174,511$55,319,430$26,131,024$300,480,782
76$642,522,016$57,893,786$26,870,118$329,322,097
77$707,918,672$60,589,992$27,629,677$361,026,678
78$779,981,359$63,413,884$28,410,254$395,883,040
79$859,389,871$66,371,578$29,212,411$434,208,955
80$946,893,340$69,469,488$30,036,729$476,354,442
81$1,043,317,303$72,714,334$30,883,802$522,705,038
82$1,149,571,496$76,113,165$31,754,237$573,685,417
83$1,266,658,446$79,673,367$32,648,661$629,763,373
84$1,395,682,930$83,402,684$33,567,714$691,454,207
85$1,537,862,409$87,309,236$34,512,052$759,325,565
86$1,694,538,519$91,401,533$35,482,351$834,002,765
87$1,867,189,738$95,688,499$36,479,300$916,174,671
88$2,057,445,343$100,179,486$37,503,607$1,006,600,160
89$2,267,100,790$104,884,303$38,556,000$1,106,115,256
90$2,498,134,667$109,813,231$39,637,223$1,215,640,982
91$2,752,727,372$114,977,048$40,748,040$1,336,192,020
92$3,033,281,697$120,387,057$41,889,232$1,468,886,249
93$3,342,445,511$126,055,103$43,061,602$1,614,955,260
94$3,683,136,760$131,993,610$44,265,972$1,775,755,933
95$4,058,571,013$138,215,601$45,503,186$1,952,783,209
96$4,472,291,821$144,734,730$46,774,107$2,147,684,149
97$4,928,204,168$151,565,313$48,079,621$2,362,273,436
98$5,430,611,340$158,722,360$49,420,635$2,598,550,455
99$5,984,255,549$166,221,608$50,798,079$2,858,718,113
100$6,594,362,706$174,079,557$52,212,905$3,145,203,578