Can I retire at age 30 with 7,400,000?

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 $7,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$611,085$605,642$600,331$595,148$590,086$566,898
2 years$302,517$296,883$291,423$286,129$280,994$257,915
3 years$199,675$194,016$188,570$183,325$178,274$156,032
4 years$148,264$142,623$137,231$132,076$127,146$105,911
5 years$117,425$111,818$106,497$101,447$96,655$76,480
6 years$96,873$91,308$86,065$81,128$76,480$57,378
7 years$82,198$76,680$71,520$66,700$62,198$44,164
8 years$71,197$65,729$60,655$55,953$51,600$34,614
9 years$62,646$57,229$52,242$47,659$43,454$27,492
10 years$55,808$50,444$45,546$41,083$37,025$22,055
11 years$50,218$44,908$40,098$35,754$31,843$17,831
12 years$45,562$40,307$35,586$31,361$27,594$14,503
13 years$41,626$36,426$31,794$27,687$24,063$11,853
14 years$38,255$33,110$28,567$24,578$21,093$9,724
15 years$35,336$30,246$25,792$21,919$18,572$8,003
16 years$32,785$27,751$23,384$19,626$16,414$6,602
17 years$30,536$25,557$21,279$17,634$14,554$5,458
18 years$28,539$23,616$19,425$15,892$12,941$4,520
19 years$26,754$21,887$17,782$14,360$11,534$3,748
20 years$25,150$20,339$16,320$13,005$10,303$3,111
21 years$23,701$18,945$15,011$11,803$9,220$2,585
22 years$22,385$17,684$13,835$10,732$8,264$2,150
23 years$21,185$16,540$12,774$9,774$7,418$1,789
24 years$20,087$15,496$11,814$8,914$6,668$1,489
25 years$19,078$14,543$10,942$8,141$6,000$1,240
26 years$18,149$13,668$10,148$7,444$5,405$1,033
27 years$17,289$12,863$9,423$6,813$4,873$861
28 years$16,493$12,121$8,760$6,242$4,397$718
29 years$15,753$11,434$8,152$5,724$3,970$599
30 years$15,063$10,799$7,594$5,254$3,587$499
31 years$14,419$10,208$7,079$4,825$3,243$417
32 years$13,817$9,659$6,605$4,434$2,934$347
33 years$13,252$9,147$6,167$4,078$2,655$290
34 years$12,722$8,670$5,762$3,752$2,404$242
35 years$12,223$8,223$5,387$3,454$2,177$202
36 years$11,753$7,805$5,040$3,181$1,973$168
37 years$11,309$7,413$4,717$2,931$1,788$141
38 years$10,890$7,045$4,417$2,701$1,621$117
39 years$10,493$6,699$4,139$2,491$1,470$98
40 years$10,117$6,373$3,879$2,297$1,333$82
41 years$9,760$6,067$3,637$2,120$1,210$68
42 years$9,421$5,778$3,412$1,956$1,098$57
43 years$9,099$5,505$3,202$1,806$996$48
44 years$8,792$5,248$3,005$1,667$904$40
45 years$8,500$5,004$2,822$1,540$821$33
46 years$8,221$4,774$2,650$1,422$745$28
47 years$7,955$4,556$2,490$1,314$677$23
48 years$7,701$4,349$2,340$1,214$615$19
49 years$7,458$4,153$2,199$1,122$558$16
50 years$7,225$3,967$2,068$1,037$507$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $7,400,000, adding $2,692 every year, while hoping to spend $36,998 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: 59/27/14 Blend
29$7,400,000$7,400,000$7,400,000$7,400,000
30$8,157,577$7,765,377$7,650,677$8,610,041
31$8,950,284$8,106,515$7,867,609$9,256,743
32$9,822,607$8,463,128$8,090,568$9,957,270
33$10,782,629$8,835,937$8,319,718$10,720,303
34$11,839,253$9,225,694$8,555,224$11,551,868
35$13,002,292$9,633,188$8,797,259$12,458,594
36$14,282,557$10,059,245$9,045,998$13,447,768
37$15,691,961$10,504,731$9,301,623$14,527,409
38$17,243,630$10,970,553$9,564,317$15,706,334
39$18,952,029$11,457,659$9,834,270$16,994,244
40$20,833,096$11,967,044$10,111,678$18,401,811
41$22,904,392$12,499,749$10,396,739$19,940,778
42$25,185,270$13,056,867$10,689,660$21,624,066
43$27,697,053$13,639,539$10,990,649$23,465,894
44$30,463,238$14,248,962$11,299,922$25,481,909
45$33,509,719$14,886,392$11,617,700$27,689,333
46$36,865,026$15,553,141$11,944,209$30,107,122
47$40,560,601$16,250,587$12,279,681$32,756,142
48$44,631,087$16,980,170$12,624,356$35,659,361
49$49,114,662$17,743,403$12,978,476$38,842,064
50$54,053,395$18,541,867$13,342,291$42,332,087
51$59,493,642$19,377,220$13,716,060$46,160,080
52$65,486,490$20,251,199$14,100,044$50,359,785
53$72,088,229$21,165,626$14,494,513$54,968,359
54$79,360,893$22,122,405$14,899,743$60,026,712
55$87,372,838$23,123,537$15,316,018$65,579,897
56$96,199,390$24,171,114$15,743,628$71,677,525
57$105,923,559$25,267,329$16,182,871$78,374,231
58$116,636,816$26,414,482$16,634,050$85,730,182
59$128,439,959$27,614,980$17,097,480$93,811,645
60$141,444,069$28,871,348$17,573,479$102,691,601
61$155,771,549$30,186,229$18,062,376$112,450,432
62$171,557,289$31,562,396$18,564,507$123,176,675
63$188,949,930$33,002,751$19,080,216$134,967,846
64$208,113,276$34,510,339$19,609,856$147,931,359
65$229,227,832$36,088,347$20,153,788$162,185,531
66$252,492,514$37,740,119$20,712,383$177,860,694
67$278,126,521$39,469,156$21,286,018$195,100,414
68$306,371,410$41,279,128$21,875,084$214,062,843
69$337,493,371$43,173,883$22,479,976$234,922,198
70$371,785,743$45,157,451$23,101,103$257,870,403
71$409,571,780$47,234,057$23,738,882$283,118,891
72$451,207,706$49,408,130$24,393,738$310,900,586
73$497,086,073$51,684,310$25,066,110$341,472,096
74$547,639,472$54,067,460$25,756,444$375,116,125
75$603,344,612$56,562,680$26,465,199$412,144,131
76$664,726,823$59,175,312$27,192,843$452,899,255
77$732,365,013$61,910,956$27,939,857$497,759,546
78$806,897,133$64,775,482$28,706,732$547,141,523
79$889,026,203$67,775,043$29,493,970$601,504,089
80$979,526,944$70,916,088$30,302,086$661,352,854
81$1,079,253,092$74,205,376$31,131,606$727,244,891
82$1,189,145,461$77,649,993$31,983,068$799,793,985
83$1,310,240,821$81,257,366$32,857,023$879,676,406
84$1,443,681,687$85,035,279$33,754,036$967,637,281
85$1,590,727,105$88,991,893$34,674,682$1,064,497,613
86$1,752,764,537$93,135,764$35,619,551$1,171,162,008
87$1,931,322,960$97,475,856$36,589,246$1,288,627,207
88$2,128,087,300$102,021,571$37,584,384$1,417,991,465
89$2,344,914,338$106,782,762$38,605,595$1,560,464,907
90$2,583,850,242$111,769,759$39,653,524$1,717,380,930
91$2,847,149,879$116,993,390$40,728,830$1,890,208,767
92$3,137,298,107$122,465,006$41,832,186$2,080,567,335
93$3,457,033,231$128,196,508$42,964,281$2,290,240,496
94$3,809,372,855$134,200,372$44,125,819$2,521,193,872
95$4,197,642,371$140,489,675$45,317,518$2,775,593,376
96$4,625,506,353$147,078,128$46,540,115$3,055,825,630
97$5,097,003,151$153,980,107$47,794,359$3,364,520,469
98$5,616,583,020$161,210,679$49,081,017$3,704,575,739
99$6,189,150,130$168,785,645$50,400,873$4,079,184,624
100$6,820,108,868$176,721,566$51,754,727$4,491,865,755