Can I retire at age 30 with 8,500,000?

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 $8,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$701,922$695,670$689,570$683,616$677,802$668,778
2 years$347,486$341,015$334,743$328,661$322,763$313,686
3 years$229,356$222,857$216,601$210,577$204,774$195,926
4 years$170,303$163,823$157,630$151,709$146,047$137,496
5 years$134,880$128,439$122,327$116,527$111,022$102,793
6 years$111,273$104,880$98,859$93,187$87,848$79,951
7 years$94,417$88,078$82,152$76,614$71,444$63,882
8 years$81,781$75,500$69,671$64,270$59,270$52,041
9 years$71,958$65,736$60,008$54,744$49,914$43,016
10 years$64,104$57,943$52,316$47,190$42,529$35,957
11 years$57,683$51,583$46,058$41,069$36,576$30,324
12 years$52,335$46,298$40,876$36,023$31,696$25,756
13 years$47,814$41,840$36,520$31,803$27,640$22,004
14 years$43,942$38,032$32,813$28,231$24,229$18,889
15 years$40,589$34,743$29,626$25,177$21,333$16,280
16 years$37,658$31,876$26,860$22,544$18,854$14,079
17 years$35,075$29,356$24,442$20,255$16,717$12,210
18 years$32,781$27,126$22,312$18,254$14,864$10,615
19 years$30,731$25,141$20,426$16,494$13,249$9,248
20 years$28,889$23,362$18,746$14,939$11,834$8,071
21 years$27,224$21,761$17,242$13,558$10,590$7,055
22 years$25,712$20,313$15,892$12,327$9,493$6,174
23 years$24,334$18,998$14,673$11,226$8,521$5,410
24 years$23,073$17,800$13,570$10,239$7,659$4,745
25 years$21,914$16,704$12,569$9,351$6,892$4,166
26 years$20,847$15,699$11,657$8,550$6,208$3,660
27 years$19,860$14,775$10,824$7,826$5,597$3,218
28 years$18,945$13,922$10,063$7,170$5,050$2,830
29 years$18,094$13,134$9,364$6,575$4,560$2,491
30 years$17,302$12,404$8,722$6,035$4,121$2,193
31 years$16,563$11,726$8,132$5,542$3,725$1,932
32 years$15,871$11,095$7,587$5,093$3,370$1,702
33 years$15,222$10,507$7,084$4,684$3,050$1,501
34 years$14,613$9,958$6,619$4,310$2,761$1,323
35 years$14,040$9,445$6,188$3,967$2,501$1,167
36 years$13,500$8,965$5,789$3,654$2,266$1,029
37 years$12,990$8,515$5,418$3,366$2,054$908
38 years$12,509$8,092$5,074$3,103$1,862$801
39 years$12,053$7,695$4,754$2,861$1,688$707
40 years$11,621$7,321$4,456$2,639$1,531$624
41 years$11,211$6,969$4,178$2,435$1,389$551
42 years$10,822$6,637$3,919$2,247$1,261$486
43 years$10,452$6,324$3,678$2,074$1,144$429
44 years$10,099$6,028$3,452$1,915$1,039$379
45 years$9,763$5,748$3,241$1,769$943$335
46 years$9,443$5,483$3,044$1,634$856$295
47 years$9,138$5,233$2,860$1,509$777$261
48 years$8,846$4,995$2,688$1,395$706$230
49 years$8,566$4,770$2,526$1,289$641$203
50 years$8,299$4,557$2,375$1,191$582$180

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $8,500,000, adding $6,441 every year, while hoping to spend $39,478 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: 77/8/15 Blend
29$8,500,000$8,500,000$8,500,000$8,500,000
30$9,373,644$8,923,144$8,791,394$10,065,047
31$10,287,751$9,318,374$9,043,901$10,917,272
32$11,293,774$9,731,647$9,303,545$11,845,972
33$12,401,047$10,163,805$9,570,521$12,863,311
34$13,619,854$10,615,731$9,845,033$13,978,123
35$14,961,527$11,088,350$10,127,290$15,200,132
36$16,438,553$11,582,629$10,417,504$16,540,048
37$18,064,690$12,099,583$10,715,895$18,009,667
38$19,855,099$12,640,273$11,022,689$19,621,976
39$21,826,487$13,205,814$11,338,116$21,391,280
40$23,997,260$13,797,370$11,662,414$23,333,334
41$26,387,702$14,416,164$11,995,827$25,465,489
42$29,020,166$15,063,474$12,338,606$27,806,859
43$31,919,280$15,740,641$12,691,006$30,378,495
44$35,112,184$16,449,069$13,053,292$33,203,584
45$38,628,783$17,190,231$13,425,734$36,307,669
46$42,502,034$17,965,667$13,808,611$39,718,886
47$46,768,249$18,776,992$14,202,207$43,468,228
48$51,467,444$19,625,899$14,606,815$47,589,838
49$56,643,716$20,514,160$15,022,736$52,121,329
50$62,345,656$21,443,635$15,450,278$57,104,136
51$68,626,808$22,416,268$15,889,757$62,583,907
52$75,546,177$23,434,100$16,341,499$68,610,932
53$83,168,784$24,499,268$16,805,836$75,240,613
54$91,566,279$25,614,011$17,283,111$82,533,992
55$100,817,619$26,780,677$17,773,674$90,558,316
56$111,009,809$28,001,723$18,277,886$99,387,677
57$122,238,731$29,279,729$18,796,116$109,103,706
58$134,610,039$30,617,393$19,328,743$119,796,342
59$148,240,163$32,017,545$19,876,157$131,564,679
60$163,257,407$33,483,152$20,438,755$144,517,897
61$179,803,157$35,017,322$21,016,948$158,776,295
62$198,033,219$36,623,311$21,611,156$174,472,417
63$218,119,287$38,304,532$22,221,809$191,752,306
64$240,250,564$40,064,564$22,849,349$210,776,878
65$264,635,549$41,907,155$23,494,230$231,723,439
66$291,504,005$43,836,236$24,156,917$254,787,352
67$321,109,126$45,855,923$24,837,886$280,183,883
68$353,729,927$47,970,534$25,537,626$308,150,227
69$389,673,883$50,184,593$26,256,639$338,947,744
70$429,279,822$52,502,841$26,995,439$372,864,424
71$472,921,131$54,930,248$27,754,554$410,217,598
72$521,009,280$57,472,023$28,534,525$451,356,937
73$573,997,700$60,133,626$29,335,905$496,667,740
74$632,386,072$62,920,781$30,159,265$546,574,574
75$696,725,037$65,839,484$31,005,185$601,545,275
76$767,621,397$68,896,026$31,874,266$662,095,360
77$845,743,844$72,096,995$32,767,118$728,792,888
78$931,829,270$75,449,302$33,684,370$802,263,820
79$1,026,689,726$78,960,188$34,626,667$883,197,921
80$1,131,220,084$82,637,244$35,594,667$972,355,268
81$1,246,406,492$86,488,428$36,589,047$1,070,573,416
82$1,373,335,675$90,522,081$37,610,501$1,178,775,306
83$1,513,205,199$94,746,949$38,659,738$1,297,977,964
84$1,667,334,778$99,172,198$39,737,488$1,429,302,102
85$1,837,178,727$103,807,437$40,844,496$1,573,982,689
86$2,024,339,697$108,662,741$41,981,526$1,733,380,601
87$2,230,583,801$113,748,670$43,149,362$1,908,995,466
88$2,457,857,289$119,076,296$44,348,806$2,102,479,807
89$2,708,304,922$124,657,224$45,580,681$2,315,654,643
90$2,984,290,219$130,503,623$46,845,828$2,550,526,665
91$3,288,417,770$136,628,248$48,145,111$2,809,307,178
92$3,623,557,823$143,044,474$49,479,414$3,094,432,964
93$3,992,873,388$149,766,320$50,849,641$3,408,589,277
94$4,399,850,089$156,808,485$52,256,720$3,754,735,190
95$4,848,329,078$164,186,380$53,701,599$4,136,131,513
96$5,342,543,293$171,916,162$55,185,252$4,556,371,573
97$5,887,157,425$180,014,770$56,708,674$5,019,415,121
98$6,487,311,952$188,499,963$58,272,884$5,529,625,708
99$7,148,671,671$197,390,362$59,878,926$6,091,811,868
100$7,877,479,179$206,705,487$61,527,868$6,711,272,497