Can I retire at age 30 with 8,300,000?

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 $8,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$685,406$679,301$673,344$667,531$661,854$658,511
2 years$339,310$332,991$326,866$320,928$315,168$311,795
3 years$223,960$217,613$211,504$205,622$199,956$196,656
4 years$166,296$159,969$153,921$148,139$142,610$139,409
5 years$131,707$125,417$119,449$113,785$108,410$105,318
6 years$108,655$102,413$96,532$90,995$85,781$82,801
7 years$92,195$86,006$80,219$74,812$69,763$66,897
8 years$79,857$73,723$68,032$62,758$57,875$55,123
9 years$70,265$64,189$58,596$53,456$48,739$46,101
10 years$62,596$56,580$51,085$46,079$41,528$39,002
11 years$56,325$50,370$44,975$40,103$35,716$33,300
12 years$51,104$45,209$39,914$35,176$30,950$28,644
13 years$46,689$40,856$35,660$31,055$26,989$24,789
14 years$42,908$37,137$32,041$27,567$23,659$21,562
15 years$39,634$33,925$28,929$24,585$20,831$18,836
16 years$36,772$31,126$26,228$22,013$18,411$16,514
17 years$34,250$28,665$23,867$19,779$16,324$14,523
18 years$32,010$26,488$21,787$17,824$14,515$12,806
19 years$30,008$24,549$19,945$16,106$12,937$11,319
20 years$28,209$22,812$18,305$14,587$11,556$10,024
21 years$26,583$21,249$16,837$13,239$10,341$8,892
22 years$25,107$19,835$15,518$12,037$9,269$7,901
23 years$23,762$18,551$14,328$10,962$8,321$7,029
24 years$22,530$17,381$13,251$9,998$7,479$6,261
25 years$21,399$16,311$12,273$9,131$6,730$5,583
26 years$20,356$15,330$11,382$8,349$6,062$4,983
27 years$19,392$14,427$10,570$7,642$5,465$4,450
28 years$18,499$13,595$9,826$7,002$4,931$3,978
29 years$17,669$12,825$9,144$6,421$4,453$3,558
30 years$16,895$12,112$8,517$5,893$4,024$3,184
31 years$16,173$11,450$7,940$5,412$3,638$2,851
32 years$15,497$10,834$7,408$4,974$3,291$2,554
33 years$14,864$10,260$6,917$4,574$2,978$2,289
34 years$14,269$9,724$6,463$4,208$2,696$2,052
35 years$13,710$9,223$6,042$3,874$2,442$1,840
36 years$13,182$8,754$5,653$3,568$2,213$1,651
37 years$12,685$8,314$5,291$3,287$2,005$1,481
38 years$12,214$7,902$4,955$3,030$1,818$1,329
39 years$11,769$7,514$4,642$2,794$1,649$1,193
40 years$11,347$7,149$4,351$2,577$1,495$1,071
41 years$10,947$6,805$4,080$2,377$1,357$962
42 years$10,567$6,481$3,827$2,194$1,231$864
43 years$10,206$6,175$3,591$2,025$1,117$776
44 years$9,862$5,886$3,371$1,870$1,014$697
45 years$9,534$5,613$3,165$1,727$921$626
46 years$9,221$5,354$2,973$1,595$836$563
47 years$8,923$5,110$2,793$1,474$759$506
48 years$8,637$4,878$2,624$1,362$689$454
49 years$8,365$4,658$2,467$1,259$626$408
50 years$8,104$4,450$2,319$1,163$569$367

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $8,300,000, adding $2,657 every year, while hoping to spend $27,043 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: 40/43/17 Blend
29$8,300,000$8,300,000$8,300,000$8,300,000
30$9,149,341$8,709,441$8,580,791$9,469,014
31$10,053,800$9,107,430$8,839,474$10,094,799
32$11,049,608$9,524,014$9,105,916$10,768,533
33$12,146,053$9,960,076$9,380,349$11,496,820
34$13,353,371$10,416,540$9,663,012$12,284,631
35$14,682,841$10,894,377$9,954,149$13,137,418
36$16,146,891$11,394,601$10,254,013$14,061,161
37$17,759,215$11,918,278$10,562,864$15,062,424
38$19,534,905$12,466,524$10,880,970$16,148,408
39$21,490,589$13,040,507$11,208,606$17,327,021
40$23,644,591$13,641,454$11,546,056$18,606,941
41$26,017,103$14,270,649$11,893,613$19,997,700
42$28,630,376$14,929,439$12,251,577$21,509,767
43$31,508,927$15,619,235$12,620,258$23,154,640
44$34,679,776$16,341,515$12,999,975$24,944,952
45$38,172,694$17,097,831$13,391,056$26,894,585
46$42,020,492$17,889,807$13,793,838$29,018,792
47$46,259,321$18,719,147$14,208,671$31,334,340
48$50,929,022$19,587,636$14,635,912$33,859,658
49$56,073,497$20,497,145$15,075,930$36,615,008
50$61,741,125$21,449,636$15,529,105$39,622,666
51$67,985,217$22,447,165$15,995,827$42,907,128
52$74,864,521$23,491,888$16,476,499$46,495,334
53$82,443,775$24,586,064$16,971,535$50,416,912
54$90,794,320$25,732,061$17,481,361$54,704,452
55$99,994,771$26,932,362$18,006,417$59,393,805
56$110,131,760$28,189,570$18,547,154$64,524,413
57$121,300,754$29,506,414$19,104,038$70,139,669
58$133,606,955$30,885,752$19,677,548$76,287,320
59$147,166,295$32,330,584$20,268,176$83,019,910
60$162,106,528$33,844,053$20,876,431$90,395,258
61$178,568,436$35,429,454$21,502,833$98,477,000
62$196,707,161$37,090,242$22,147,923$107,335,176
63$216,693,665$38,830,038$22,812,252$117,046,876
64$238,716,347$40,652,638$23,496,391$127,696,960
65$262,982,821$42,562,023$24,200,926$139,378,841
66$289,721,873$44,562,367$24,926,462$152,195,359
67$319,185,625$46,658,044$25,673,619$166,259,731
68$351,651,911$48,853,641$26,443,038$181,696,608
69$387,426,904$51,153,966$27,235,377$198,643,236
70$426,848,000$53,564,063$28,051,314$217,250,732
71$470,287,010$56,089,216$28,891,547$237,685,498
72$518,153,665$58,734,967$29,756,794$260,130,770
73$570,899,486$61,507,128$30,647,794$284,788,330
74$629,022,047$64,411,791$31,565,308$311,880,389
75$693,069,669$67,455,342$32,510,120$341,651,666
76$763,646,601$70,644,480$33,483,035$374,371,679
77$841,418,721$73,986,226$34,484,883$410,337,257
78$927,119,823$77,487,943$35,516,518$449,875,331
79$1,021,558,543$81,157,350$36,578,820$493,345,982
80$1,125,625,996$85,002,542$37,672,692$541,145,826
81$1,240,304,187$89,032,006$38,799,066$593,711,720
82$1,366,675,279$93,254,640$39,958,901$651,524,867
83$1,505,931,816$97,679,775$41,153,182$715,115,321
84$1,659,387,972$102,317,195$42,382,924$785,066,963
85$1,828,491,966$107,177,159$43,649,173$862,022,978
86$2,014,839,730$112,270,423$44,953,004$946,691,894
87$2,220,189,975$117,608,266$46,295,523$1,039,854,234
88$2,446,480,799$123,202,517$47,677,868$1,142,369,847
89$2,695,847,976$129,065,577$49,101,213$1,255,185,983
90$2,970,645,130$135,210,450$50,566,764$1,379,346,195
91$3,273,465,943$141,650,772$52,075,761$1,516,000,151
92$3,607,168,653$148,400,843$53,629,482$1,666,414,435
93$3,974,903,028$155,475,657$55,229,242$1,831,984,460
94$4,380,140,109$162,890,937$56,876,394$2,014,247,591
95$4,826,704,977$170,663,170$58,572,330$2,214,897,605
96$5,318,812,865$178,809,646$60,318,484$2,435,800,629
97$5,861,108,953$187,348,494$62,116,328$2,679,012,695
98$6,458,712,223$196,298,727$63,967,382$2,946,799,093
99$7,117,263,787$205,680,281$65,873,206$3,241,655,693
100$7,842,980,141$215,514,063$67,835,407$3,566,332,440