Can I retire at age 30 with 7,200,000?

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 $7,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$594,569$589,273$584,106$579,063$574,138$566,729
2 years$294,341$288,859$283,547$278,396$273,399$265,945
3 years$194,278$188,773$183,473$178,371$173,456$166,188
4 years$144,257$138,768$133,522$128,506$123,710$116,685
5 years$114,251$108,796$103,618$98,705$94,042$87,281
6 years$94,255$88,840$83,739$78,935$74,413$67,923
7 years$79,977$74,608$69,587$64,897$60,517$54,301
8 years$69,273$63,953$59,016$54,440$50,205$44,262
9 years$60,953$55,682$50,830$46,371$42,280$36,607
10 years$54,300$49,081$44,315$39,972$36,025$30,618
11 years$48,860$43,694$39,014$34,788$30,982$25,838
12 years$44,331$39,217$34,624$30,514$26,849$21,960
13 years$40,501$35,441$30,934$26,939$23,413$18,773
14 years$37,221$32,215$27,795$23,913$20,523$16,126
15 years$34,381$29,429$25,095$21,327$18,070$13,909
16 years$31,899$27,000$22,752$19,096$15,971$12,036
17 years$29,711$24,866$20,704$17,157$14,161$10,446
18 years$27,768$22,978$18,900$15,462$12,591$9,088
19 years$26,031$21,296$17,302$13,971$11,223$7,923
20 years$24,471$19,789$15,879$12,654$10,024$6,920
21 years$23,060$18,433$14,605$11,484$8,971$6,053
22 years$21,780$17,206$13,461$10,442$8,041$5,302
23 years$20,613$16,092$12,429$9,509$7,218$4,649
24 years$19,544$15,078$11,495$8,673$6,488$4,081
25 years$18,563$14,150$10,646$7,921$5,838$3,586
26 years$17,658$13,298$9,874$7,242$5,259$3,153
27 years$16,822$12,515$9,169$6,629$4,741$2,774
28 years$16,047$11,793$8,524$6,074$4,278$2,442
29 years$15,327$11,125$7,932$5,570$3,863$2,151
30 years$14,656$10,507$7,388$5,112$3,490$1,895
31 years$14,030$9,932$6,888$4,695$3,156$1,671
32 years$13,444$9,398$6,427$4,314$2,854$1,474
33 years$12,894$8,900$6,000$3,968$2,583$1,300
34 years$12,378$8,435$5,606$3,650$2,339$1,147
35 years$11,893$8,001$5,242$3,360$2,118$1,012
36 years$11,435$7,594$4,903$3,095$1,919$894
37 years$11,004$7,212$4,590$2,852$1,740$789
38 years$10,596$6,854$4,298$2,628$1,577$697
39 years$10,209$6,518$4,027$2,423$1,430$615
40 years$9,844$6,201$3,774$2,235$1,297$544
41 years$9,496$5,903$3,539$2,062$1,177$480
42 years$9,167$5,622$3,320$1,903$1,068$424
43 years$8,853$5,356$3,115$1,757$969$375
44 years$8,555$5,106$2,924$1,622$880$331
45 years$8,270$4,869$2,746$1,498$799$293
46 years$7,999$4,645$2,579$1,384$725$259
47 years$7,740$4,432$2,423$1,279$658$229
48 years$7,493$4,231$2,277$1,181$598$202
49 years$7,256$4,041$2,140$1,092$543$179
50 years$7,030$3,860$2,012$1,009$493$158

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $7,200,000, adding $4,659 every year, while hoping to spend $56,774 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: 48/23/29 Blend
29$7,200,000$7,200,000$7,200,000$7,200,000
30$7,939,206$7,557,606$7,446,006$8,254,289
31$8,688,598$7,867,521$7,635,040$8,786,679
32$9,512,525$8,190,720$7,828,504$9,358,598
33$10,418,530$8,527,793$8,026,486$9,978,640
34$11,414,922$8,879,357$8,229,076$10,651,374
35$12,510,859$9,246,060$8,436,364$11,381,829
36$13,716,427$9,628,577$8,648,443$12,175,530
37$15,042,740$10,027,616$8,865,404$13,038,555
38$16,502,046$10,443,915$9,087,341$13,977,588
39$18,107,837$10,878,249$9,314,349$14,999,982
40$19,874,979$11,331,426$9,546,523$16,113,824
41$21,819,855$11,804,294$9,783,959$17,328,014
42$23,960,513$12,297,738$10,026,755$18,652,340
43$26,316,843$12,812,684$10,275,008$20,097,578
44$28,910,756$13,350,101$10,528,817$21,675,580
45$31,766,402$13,911,004$10,788,281$23,399,396
46$34,910,386$14,496,454$11,053,499$25,283,384
47$38,372,026$15,107,561$11,324,572$27,343,352
48$42,183,628$15,745,487$11,601,600$29,596,698
49$46,380,789$16,411,448$11,884,685$32,062,575
50$51,002,736$17,106,715$12,173,929$34,762,070
51$56,092,691$17,832,620$12,469,431$37,718,398
52$61,698,283$18,590,556$12,771,295$40,957,120
53$67,871,996$19,381,981$13,079,621$44,506,380
54$74,671,663$20,208,422$13,394,512$48,397,168
55$82,161,013$21,071,475$13,716,069$52,663,610
56$90,410,271$21,972,812$14,044,392$57,343,287
57$99,496,822$22,914,183$14,379,582$62,477,584
58$109,505,939$23,897,419$14,721,739$68,112,079
59$120,531,590$24,924,437$15,070,962$74,296,971
60$132,677,323$25,997,245$15,427,350$81,087,546
61$146,057,243$27,117,943$15,791,000$88,544,698
62$160,797,090$28,288,731$16,162,006$96,735,497
63$177,035,425$29,511,910$16,540,465$105,733,821
64$194,924,936$30,789,892$16,926,469$115,621,046
65$214,633,883$32,125,200$17,320,108$126,486,810
66$236,347,680$33,520,475$17,721,473$138,429,855
67$260,270,650$34,978,485$18,130,649$151,558,954
68$286,627,951$36,502,126$18,547,721$165,993,930
69$315,667,703$38,094,431$18,972,771$181,866,786
70$347,663,326$39,758,576$19,405,876$199,322,939
71$382,916,124$41,497,885$19,847,111$218,522,594
72$421,758,129$43,315,841$20,296,550$239,642,242
73$464,555,232$45,216,091$20,754,258$262,876,328
74$511,710,639$47,202,453$21,220,299$288,439,070
75$563,668,676$49,278,926$21,694,731$316,566,484
76$620,918,986$51,449,698$22,177,610$347,518,597
77$684,001,145$53,719,155$22,668,982$381,581,897
78$753,509,759$56,091,891$23,168,890$419,072,027
79$830,100,077$58,572,717$23,677,371$460,336,762
80$914,494,176$61,166,671$24,194,454$505,759,275
81$1,007,487,776$63,879,032$24,720,162$555,761,752
82$1,109,957,751$66,715,327$25,254,509$610,809,363
83$1,222,870,410$69,681,346$25,797,504$671,414,645
84$1,347,290,615$72,783,155$26,349,143$738,142,332
85$1,484,391,834$76,027,106$26,909,416$811,614,672
86$1,635,467,222$79,419,854$27,478,302$892,517,291
87$1,801,941,823$82,968,371$28,055,769$981,605,655
88$1,985,386,026$86,679,959$28,641,775$1,079,712,187
89$2,187,530,392$90,562,268$29,236,265$1,187,754,112
90$2,410,281,985$94,623,313$29,839,173$1,306,742,108
91$2,655,742,381$98,871,489$30,450,419$1,437,789,826
92$2,926,227,504$103,315,591$31,069,908$1,582,124,391
93$3,224,289,490$107,964,836$31,697,531$1,741,097,973
94$3,552,740,783$112,828,878$32,333,163$1,916,200,535
95$3,914,680,681$117,917,831$32,976,662$2,109,073,880
96$4,313,524,599$123,242,293$33,627,869$2,321,527,137
97$4,753,036,311$128,813,369$34,286,605$2,555,553,819
98$5,237,363,483$134,642,692$34,952,674$2,813,350,621
99$5,771,076,825$140,742,451$35,625,857$3,097,338,146
100$6,359,213,251$147,125,420$36,305,912$3,410,183,728