Can I retire at age 30 with 8,600,000?

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 $8,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$710,180$703,854$697,682$691,658$685,776$659,871
2 years$351,574$345,026$338,681$332,528$326,560$300,761
3 years$232,055$225,479$219,149$213,054$207,183$182,303
4 years$172,307$165,751$159,484$153,493$147,765$123,993
5 years$136,467$129,951$123,766$117,898$112,328$89,726
6 years$112,582$106,114$100,022$94,284$88,882$67,464
7 years$95,528$89,115$83,118$77,516$72,285$52,046
8 years$82,743$76,388$70,491$65,026$59,967$40,889
9 years$72,804$66,509$60,714$55,388$50,501$32,556
10 years$64,858$58,625$52,932$47,745$43,029$26,184
11 years$58,361$52,190$46,600$41,552$37,007$21,224
12 years$52,951$46,843$41,357$36,447$32,069$17,310
13 years$48,376$42,332$36,949$32,177$27,965$14,185
14 years$44,459$38,479$33,199$28,563$24,514$11,671
15 years$41,066$35,151$29,974$25,473$21,584$9,632
16 years$38,101$32,251$27,176$22,809$19,076$7,969
17 years$35,488$29,702$24,729$20,493$16,914$6,608
18 years$33,167$27,446$22,575$18,469$15,039$5,488
19 years$31,093$25,436$20,666$16,688$13,405$4,565
20 years$29,229$23,637$18,966$15,114$11,973$3,801
21 years$27,544$22,017$17,445$13,717$10,715$3,168
22 years$26,015$20,552$16,078$12,472$9,604$2,643
23 years$24,621$19,222$14,846$11,359$8,621$2,206
24 years$23,344$18,009$13,730$10,360$7,749$1,842
25 years$22,172$16,901$12,716$9,461$6,973$1,539
26 years$21,092$15,884$11,794$8,651$6,281$1,287
27 years$20,093$14,949$10,952$7,918$5,663$1,076
28 years$19,168$14,086$10,181$7,255$5,110$900
29 years$18,307$13,289$9,474$6,653$4,614$753
30 years$17,506$12,550$8,825$6,106$4,169$630
31 years$16,758$11,864$8,227$5,607$3,769$527
32 years$16,058$11,225$7,676$5,153$3,409$441
33 years$15,401$10,631$7,167$4,739$3,086$369
34 years$14,785$10,076$6,697$4,360$2,794$309
35 years$14,205$9,556$6,261$4,014$2,530$259
36 years$13,659$9,070$5,857$3,697$2,293$217
37 years$13,143$8,615$5,482$3,406$2,078$181
38 years$12,656$8,187$5,134$3,139$1,884$152
39 years$12,195$7,785$4,810$2,895$1,708$127
40 years$11,758$7,407$4,508$2,670$1,549$107
41 years$11,343$7,051$4,227$2,463$1,406$89
42 years$10,949$6,715$3,965$2,273$1,276$75
43 years$10,575$6,398$3,721$2,099$1,158$63
44 years$10,218$6,099$3,493$1,938$1,051$52
45 years$9,878$5,816$3,279$1,790$954$44
46 years$9,554$5,548$3,080$1,653$866$37
47 years$9,245$5,294$2,894$1,527$786$31
48 years$8,950$5,054$2,719$1,411$714$26
49 years$8,667$4,826$2,556$1,304$649$22
50 years$8,397$4,610$2,403$1,205$589$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $8,600,000, adding $5,515 every year, while hoping to spend $21,338 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: 63/21/16 Blend
29$8,600,000$8,600,000$8,600,000$8,600,000
30$9,482,889$9,027,089$8,893,789$10,042,390
31$10,427,440$9,446,713$9,169,027$10,838,375
32$11,467,620$9,886,183$9,452,771$11,704,319
33$12,613,161$10,346,450$9,745,282$12,649,443
34$13,874,786$10,828,508$10,046,832$13,681,457
35$15,264,312$11,333,403$10,357,699$14,808,840
36$16,794,760$11,862,228$10,678,170$16,040,921
37$18,480,479$12,416,130$11,008,542$17,387,965
38$20,337,280$12,996,313$11,349,120$18,861,262
39$22,382,585$13,604,035$11,700,218$20,473,240
40$24,635,596$14,240,619$12,062,162$22,237,572
41$27,117,468$14,907,451$12,435,286$24,169,308
42$29,851,515$15,605,982$12,819,934$26,285,011
43$32,863,430$16,337,735$13,216,462$28,602,911
44$36,181,522$17,104,306$13,625,236$31,143,075
45$39,836,990$17,907,370$14,046,633$33,927,595
46$43,864,211$18,748,679$14,481,044$36,980,788
47$48,301,070$19,630,074$14,928,868$40,329,427
48$53,189,313$20,553,482$15,390,520$44,002,989
49$58,574,946$21,520,925$15,866,425$48,033,930
50$64,508,664$22,534,524$16,357,024$52,457,983
51$71,046,332$23,596,500$16,862,768$57,314,500
52$78,249,512$24,709,182$17,384,125$62,646,811
53$86,186,045$25,875,015$17,921,576$68,502,632
54$94,930,689$27,096,558$18,475,616$74,934,511
55$104,565,827$28,376,498$19,046,757$82,000,321
56$115,182,245$29,717,649$19,635,527$89,763,796
57$126,879,983$31,122,964$20,242,467$98,295,133
58$139,769,290$32,595,537$20,868,137$107,671,645
59$153,971,653$34,138,614$21,513,116$117,978,487
60$169,620,953$35,755,598$22,177,997$129,309,457
61$186,864,724$37,450,056$22,863,393$141,767,867
62$205,865,546$39,225,729$23,569,937$155,467,520
63$226,802,582$41,086,539$24,298,280$170,533,772
64$249,873,266$43,036,600$25,049,092$187,104,713
65$275,295,169$45,080,223$25,823,067$205,332,457
66$303,308,054$47,221,932$26,620,917$225,384,575
67$334,176,135$49,466,466$27,443,378$247,445,669
68$368,190,576$51,818,799$28,291,207$271,719,102
69$405,672,238$54,284,143$29,165,185$298,428,912
70$446,974,705$56,867,964$30,066,117$327,821,917
71$492,487,626$59,575,996$30,994,834$360,170,034
72$542,640,393$62,414,249$31,952,189$395,772,838
73$597,906,191$65,389,025$32,939,066$434,960,379
74$658,806,470$68,506,934$33,956,372$478,096,282
75$725,915,863$71,774,908$35,005,044$525,581,177
76$799,867,615$75,200,212$36,086,047$577,856,459
77$881,359,559$78,790,469$37,200,376$635,408,450
78$971,160,702$82,553,671$38,349,057$698,772,971
79$1,070,118,489$86,498,196$39,533,146$768,540,390
80$1,179,166,802$90,632,835$40,753,734$845,361,181
81$1,299,334,774$94,966,802$42,011,942$929,952,045
82$1,431,756,507$99,509,762$43,308,928$1,023,102,666
83$1,577,681,779$104,271,848$44,645,886$1,125,683,142
84$1,738,487,841$109,263,689$46,024,043$1,238,652,191
85$1,915,692,421$114,496,430$47,444,669$1,363,066,173
86$2,110,968,051$119,981,758$48,909,068$1,500,089,053
87$2,326,157,858$125,731,930$50,418,588$1,651,003,362
88$2,563,292,963$131,759,799$51,974,614$1,817,222,289
89$2,824,611,660$138,078,843$53,578,579$2,000,302,996
90$3,112,580,543$144,703,200$55,231,954$2,201,961,300
91$3,429,917,794$151,647,693$56,936,261$2,424,087,842
92$3,779,618,847$158,927,868$58,693,063$2,668,765,917
93$4,164,984,665$166,560,028$60,503,976$2,938,291,110
94$4,589,652,904$174,561,273$62,370,663$3,235,192,942
95$5,057,632,257$182,949,532$64,294,837$3,562,258,722
96$5,573,340,300$191,743,611$66,278,266$3,922,559,831
97$6,141,645,193$200,963,231$68,322,770$4,319,480,685
98$6,767,911,647$210,629,074$70,430,228$4,756,750,653
99$7,458,051,567$220,762,830$72,602,572$5,238,479,235
100$8,218,579,866$231,387,248$74,841,798$5,769,194,814