Can I retire at age 30 with 8,200,000?

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 $8,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$677,148$671,117$665,232$659,488$653,880$630,178
2 years$335,222$328,979$322,928$317,062$311,371$287,753
3 years$221,261$214,991$208,956$203,144$197,547$174,753
4 years$164,292$158,041$152,066$146,354$140,892$119,098
5 years$130,120$123,906$118,010$112,414$107,104$86,366
6 years$107,345$101,179$95,369$89,898$84,748$65,081
7 years$91,085$84,970$79,252$73,910$68,922$50,323
8 years$78,894$72,835$67,212$62,002$57,178$39,629
9 years$69,418$63,416$57,890$52,812$48,152$31,630
10 years$61,842$55,898$50,470$45,524$41,028$25,504
11 years$55,647$49,763$44,433$39,620$35,285$20,727
12 years$50,488$44,664$39,433$34,752$30,578$16,949
13 years$46,126$40,363$35,231$30,681$26,664$13,928
14 years$42,391$36,689$31,655$27,235$23,374$11,491
15 years$39,156$33,516$28,580$24,289$20,580$9,511
16 years$36,329$30,751$25,912$21,748$18,189$7,892
17 years$33,837$28,320$23,579$19,540$16,127$6,563
18 years$31,624$26,169$21,525$17,610$14,340$5,467
19 years$29,647$24,253$19,705$15,912$12,781$4,561
20 years$27,869$22,537$18,084$14,411$11,416$3,810
21 years$26,263$20,993$16,634$13,079$10,216$3,185
22 years$24,805$19,596$15,331$11,892$9,158$2,665
23 years$23,475$18,328$14,155$10,830$8,220$2,232
24 years$22,259$17,172$13,091$9,878$7,389$1,870
25 years$21,141$16,115$12,125$9,021$6,649$1,567
26 years$20,111$15,145$11,245$8,248$5,989$1,314
27 years$19,159$14,254$10,442$7,550$5,400$1,103
28 years$18,276$13,431$9,707$6,917$4,872$925
29 years$17,456$12,671$9,034$6,343$4,399$777
30 years$16,692$11,966$8,414$5,822$3,975$652
31 years$15,978$11,312$7,845$5,347$3,594$547
32 years$15,311$10,703$7,319$4,914$3,251$460
33 years$14,685$10,136$6,834$4,519$2,942$386
34 years$14,097$9,607$6,385$4,157$2,664$324
35 years$13,544$9,112$5,970$3,827$2,413$272
36 years$13,023$8,649$5,585$3,525$2,186$229
37 years$12,532$8,214$5,227$3,248$1,981$192
38 years$12,067$7,806$4,895$2,993$1,796$161
39 years$11,627$7,423$4,586$2,760$1,629$136
40 years$11,211$7,062$4,298$2,546$1,477$114
41 years$10,815$6,723$4,031$2,349$1,340$96
42 years$10,440$6,403$3,781$2,168$1,216$80
43 years$10,083$6,100$3,548$2,001$1,104$68
44 years$9,743$5,815$3,330$1,848$1,002$57
45 years$9,419$5,545$3,127$1,706$910$48
46 years$9,110$5,290$2,937$1,576$826$40
47 years$8,815$5,048$2,759$1,456$750$34
48 years$8,533$4,819$2,593$1,346$681$28
49 years$8,264$4,602$2,437$1,244$619$24
50 years$8,006$4,396$2,291$1,149$562$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $8,200,000, adding $6,462 every year, while hoping to spend $29,243 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: 82/9/9 Blend
29$8,200,000$8,200,000$8,200,000$8,200,000
30$9,043,066$8,608,466$8,481,366$9,772,688
31$9,934,344$8,999,166$8,734,377$10,641,943
32$10,915,553$9,408,031$8,994,884$11,591,524
33$11,995,834$9,835,919$9,263,107$12,633,147
34$13,185,260$10,283,731$9,539,273$13,776,021
35$14,494,933$10,752,410$9,823,615$15,030,287
36$15,937,083$11,242,944$10,116,373$16,407,115
37$17,525,187$11,756,371$10,417,793$17,918,803
38$19,274,098$12,293,774$10,728,131$19,578,898
39$21,200,180$12,856,293$11,047,647$21,402,321
40$23,321,465$13,445,119$11,376,611$23,405,504
41$25,657,827$14,061,502$11,715,299$25,606,547
42$28,231,161$14,706,751$12,063,997$28,025,389
43$31,065,596$15,382,238$12,422,998$30,683,989
44$34,187,722$16,089,403$12,792,603$33,606,538
45$37,626,838$16,829,752$13,173,124$36,819,685
46$41,415,230$17,604,865$13,564,879$40,352,783
47$45,588,478$18,416,398$13,968,196$44,238,170
48$50,185,787$19,266,086$14,383,416$48,511,470
49$55,250,362$20,155,748$14,810,884$53,211,927
50$60,829,810$21,087,291$15,250,960$58,382,776
51$66,976,595$22,062,713$15,704,012$64,071,648
52$73,748,530$23,084,108$16,170,418$70,331,018
53$81,209,322$24,153,671$16,650,569$77,218,698
54$89,429,176$25,273,704$17,144,866$84,798,383
55$98,485,455$26,446,618$17,653,722$93,140,247
56$108,463,411$27,674,942$18,177,562$102,321,606
57$119,456,990$28,961,326$18,716,822$112,427,645
58$131,569,720$30,308,548$19,271,951$123,552,218
59$144,915,683$31,719,519$19,843,414$135,798,735
60$159,620,599$33,197,291$20,431,685$149,281,133
61$175,823,008$34,745,066$21,037,253$164,124,949
62$193,675,577$36,366,196$21,660,623$180,468,504
63$213,346,544$38,064,199$22,302,313$198,464,206
64$235,021,306$39,842,759$22,962,855$218,279,983
65$258,904,166$41,705,741$23,642,798$240,100,868
66$285,220,265$43,657,196$24,342,705$264,130,743
67$314,217,704$45,701,370$25,063,158$290,594,256
68$346,169,888$47,842,716$25,804,752$319,738,944
69$381,378,107$50,085,900$26,568,102$351,837,562
70$420,174,380$52,435,815$27,353,839$387,190,657
71$462,924,587$54,897,590$28,162,613$426,129,398
72$510,031,927$57,476,604$28,995,092$469,018,700
73$561,940,720$60,178,493$29,851,964$516,260,668
74$619,140,604$63,009,170$30,733,935$568,298,380
75$682,171,157$65,974,831$31,641,733$625,620,074
76$751,626,990$69,081,973$32,576,107$688,763,749
77$828,163,361$72,337,407$33,537,824$758,322,235
78$912,502,359$75,748,276$34,527,677$834,948,791
79$1,005,439,726$79,322,067$35,546,480$919,363,261
80$1,107,852,360$83,066,631$36,595,070$1,012,358,869
81$1,220,706,604$86,990,199$37,674,307$1,114,809,695
82$1,345,067,359$91,101,400$38,785,078$1,227,678,925
83$1,482,108,145$95,409,284$39,928,294$1,352,027,939
84$1,633,122,174$99,923,338$41,104,890$1,489,026,317
85$1,799,534,563$104,653,508$42,315,831$1,639,962,881
86$1,982,915,784$109,610,226$43,562,107$1,806,257,850
87$2,184,996,494$114,804,427$44,844,737$1,989,476,242
88$2,407,683,870$120,247,577$46,164,769$2,191,342,640
89$2,653,079,617$125,951,701$47,523,281$2,413,757,464
90$2,923,499,808$131,929,404$48,921,381$2,658,814,904
91$3,221,496,750$138,193,906$50,360,209$2,928,822,681
92$3,549,883,078$144,759,067$51,840,936$3,226,323,823
93$3,911,758,312$151,639,422$53,364,767$3,554,120,665
94$4,310,538,116$158,850,209$54,932,943$3,915,301,292
95$4,749,986,544$166,407,410$56,546,736$4,313,268,681
96$5,234,251,578$174,327,779$58,207,459$4,751,772,820
97$5,767,904,287$182,628,889$59,916,457$5,234,946,095
98$6,355,981,983$191,329,163$61,675,117$5,767,342,290
99$7,004,035,774$200,447,921$63,484,863$6,353,979,566
100$7,718,182,977$210,005,423$65,347,159$7,000,387,825