Can I retire at age 30 with 8,000,000?

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 $8,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$660,633$654,748$649,007$643,403$637,931$618,253
2 years$327,046$320,955$315,052$309,328$303,777$284,124
3 years$215,865$209,748$203,859$198,190$192,728$173,717
4 years$160,285$154,187$148,357$142,785$137,456$119,231
5 years$126,946$120,884$115,131$109,672$104,492$87,103
6 years$104,727$98,711$93,043$87,706$82,681$66,143
7 years$88,863$82,897$77,319$72,108$67,241$51,554
8 years$76,970$71,058$65,573$60,489$55,783$40,936
9 years$67,725$61,869$56,478$51,524$46,978$32,954
10 years$60,333$54,535$49,239$44,414$40,027$26,807
11 years$54,289$48,549$43,349$38,653$34,425$21,985
12 years$49,256$43,575$38,471$33,904$29,832$18,146
13 years$45,001$39,379$34,371$29,932$26,014$15,054
14 years$41,357$35,794$30,883$26,571$22,804$12,542
15 years$38,201$32,699$27,883$23,696$20,078$10,484
16 years$35,443$30,001$25,280$21,217$17,745$8,788
17 years$33,012$27,629$23,004$19,064$15,734$7,384
18 years$30,853$25,531$21,000$17,180$13,990$6,215
19 years$28,924$23,662$19,224$15,524$12,470$5,240
20 years$27,189$21,988$17,643$14,060$11,138$4,424
21 years$25,622$20,481$16,228$12,760$9,967$3,739
22 years$24,200$19,118$14,957$11,602$8,934$3,163
23 years$22,903$17,881$13,810$10,566$8,020$2,678
24 years$21,716$16,753$12,772$9,637$7,208$2,269
25 years$20,625$15,722$11,829$8,801$6,487$1,924
26 years$19,620$14,776$10,971$8,047$5,843$1,631
27 years$18,691$13,906$10,188$7,366$5,268$1,384
28 years$17,830$13,103$9,471$6,749$4,753$1,175
29 years$17,030$12,362$8,813$6,189$4,292$997
30 years$16,285$11,674$8,209$5,680$3,878$847
31 years$15,589$11,036$7,653$5,216$3,506$719
32 years$14,937$10,442$7,141$4,794$3,172$611
33 years$14,327$9,889$6,667$4,408$2,870$519
34 years$13,753$9,373$6,229$4,056$2,599$441
35 years$13,214$8,890$5,824$3,734$2,354$375
36 years$12,706$8,438$5,448$3,439$2,133$319
37 years$12,226$8,014$5,100$3,168$1,933$271
38 years$11,773$7,616$4,775$2,920$1,752$230
39 years$11,344$7,242$4,474$2,693$1,589$196
40 years$10,937$6,890$4,194$2,484$1,441$166
41 years$10,552$6,559$3,932$2,291$1,308$141
42 years$10,185$6,246$3,689$2,115$1,187$120
43 years$9,837$5,952$3,461$1,952$1,077$102
44 years$9,505$5,673$3,249$1,803$977$87
45 years$9,189$5,410$3,051$1,665$887$74
46 years$8,888$5,161$2,865$1,538$806$63
47 years$8,600$4,925$2,692$1,421$732$53
48 years$8,325$4,702$2,530$1,313$664$45
49 years$8,062$4,490$2,378$1,213$603$39
50 years$7,811$4,289$2,235$1,121$548$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $8,000,000, adding $2,609 every year, while hoping to spend $34,987 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: 54/38/8 Blend
29$8,000,000$8,000,000$8,000,000$8,000,000
30$8,818,691$8,394,691$8,270,691$9,277,734
31$9,680,972$8,768,805$8,510,533$9,962,868
32$10,630,032$9,160,078$8,757,238$10,704,091
33$11,674,688$9,569,314$9,010,997$11,509,948
34$12,824,650$9,997,355$9,272,010$12,386,569
35$14,090,622$10,445,082$9,540,480$13,340,692
36$15,484,395$10,913,421$9,816,615$14,379,720
37$17,018,964$11,403,339$10,100,633$15,511,789
38$18,708,646$11,915,851$10,392,752$16,745,843
39$20,569,219$12,452,019$10,693,200$18,091,712
40$22,618,068$13,012,956$11,002,211$19,560,206
41$24,874,349$13,599,829$11,320,023$21,163,208
42$27,359,172$14,213,860$11,646,883$22,913,788
43$30,095,797$14,856,329$11,983,043$24,826,320
44$33,109,857$15,528,577$12,328,764$26,916,612
45$36,429,596$16,232,011$12,684,311$29,202,056
46$40,086,138$16,968,103$13,049,958$31,701,782
47$44,113,780$17,738,396$13,425,988$34,436,838
48$48,550,315$18,544,508$13,812,689$37,430,384
49$53,437,391$19,388,132$14,210,357$40,707,901
50$58,820,899$20,271,044$14,619,298$44,297,434
51$64,751,411$21,195,106$15,039,825$48,229,843
52$71,284,655$22,162,266$15,472,259$52,539,095
53$78,482,040$23,174,568$15,916,931$57,262,576
54$86,411,239$24,234,152$16,374,179$62,441,438
55$95,146,823$25,343,264$16,844,351$68,120,980
56$104,770,969$26,504,253$17,327,807$74,351,070
57$115,374,231$27,719,585$17,824,911$81,186,610
58$127,056,399$28,991,841$18,336,043$88,688,043
59$139,927,440$30,323,729$18,861,588$96,921,918
60$154,108,532$31,718,085$19,401,944$105,961,510
61$169,733,213$33,177,882$19,957,520$115,887,505
62$186,948,638$34,706,236$20,528,735$126,788,748
63$205,916,970$36,306,412$21,116,018$138,763,076
64$226,816,908$37,981,833$21,719,812$151,918,231
65$249,845,377$39,736,087$22,340,569$166,372,866
66$275,219,383$41,572,933$22,978,757$182,257,656
67$303,178,066$43,496,313$23,634,851$199,716,517
68$333,984,954$45,510,357$24,309,343$218,907,959
69$367,930,449$47,619,395$25,002,737$240,006,561
70$405,334,575$49,827,965$25,715,548$263,204,615
71$446,549,991$52,140,825$26,448,308$288,713,921
72$491,965,325$54,562,960$27,201,562$316,767,779
73$542,008,841$57,099,598$27,975,867$347,623,168
74$597,152,482$59,756,218$28,771,797$381,563,164
75$657,916,325$62,538,562$29,589,942$418,899,594
76$724,873,489$65,452,651$30,430,904$459,975,959
77$798,655,550$68,504,795$31,295,305$505,170,664
78$879,958,497$71,701,612$32,183,779$554,900,569
79$969,549,308$75,050,035$33,096,979$609,624,905
80$1,068,273,185$78,557,334$34,035,576$669,849,589
81$1,177,061,538$82,231,132$35,000,256$736,131,981
82$1,296,940,774$86,079,416$35,991,724$809,086,117
83$1,429,041,990$90,110,564$37,010,703$889,388,489
84$1,574,611,647$94,333,356$38,057,936$977,784,404
85$1,735,023,342$98,756,997$39,134,183$1,075,094,995
86$1,911,790,770$103,391,138$40,240,226$1,182,224,943
87$2,106,582,020$108,245,895$41,376,865$1,300,170,994
88$2,321,235,319$113,331,876$42,544,922$1,430,031,336
89$2,557,776,384$118,660,201$43,745,240$1,573,015,937
90$2,818,437,553$124,242,529$44,978,683$1,730,457,935
91$3,105,678,853$130,091,082$46,246,138$1,903,826,189
92$3,422,211,226$136,218,675$47,548,514$2,094,739,111
93$3,771,022,124$142,638,743$48,886,743$2,304,979,907
94$4,155,403,713$149,365,374$50,261,781$2,536,513,373
95$4,578,983,950$156,413,335$51,674,609$2,791,504,404
96$5,045,760,836$163,798,112$53,126,231$3,072,338,385
97$5,560,140,162$171,535,940$54,617,680$3,381,643,672
98$6,126,977,097$179,643,840$56,150,012$3,722,316,354
99$6,751,622,034$188,139,661$57,724,309$4,097,547,545
100$7,439,971,091$197,042,114$59,341,684$4,510,853,461