Can I retire at age 30 with 8,700,000?

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 $8,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$718,438$712,038$705,795$699,701$693,750$674,790
2 years$355,662$349,038$342,619$336,395$330,357$311,394
3 years$234,753$228,100$221,697$215,531$209,592$191,219
4 years$174,310$167,678$161,339$155,278$149,483$131,841
5 years$138,054$131,462$125,205$119,269$113,635$96,772
6 years$113,891$107,348$101,185$95,380$89,915$73,849
7 years$96,638$90,151$84,085$78,417$73,125$57,855
8 years$83,705$77,276$71,311$65,782$60,664$46,183
9 years$73,651$67,283$61,420$56,032$51,088$37,382
10 years$65,612$59,306$53,547$48,300$43,530$30,581
11 years$59,040$52,797$47,142$42,035$37,437$25,225
12 years$53,566$47,388$41,837$36,871$32,442$20,944
13 years$48,939$42,825$37,379$32,551$28,290$17,482
14 years$44,976$38,926$33,585$28,895$24,799$14,655
15 years$41,544$35,560$30,323$25,770$21,835$12,329
16 years$38,544$32,626$27,492$23,074$19,298$10,401
17 years$35,900$30,047$25,017$20,732$17,111$8,797
18 years$33,553$27,765$22,837$18,683$15,214$7,455
19 years$31,454$25,732$20,906$16,882$13,561$6,328
20 years$29,569$23,911$19,187$15,290$12,113$5,379
21 years$27,864$22,273$17,648$13,877$10,839$4,578
22 years$26,317$20,791$16,265$12,617$9,716$3,900
23 years$24,907$19,445$15,018$11,491$8,722$3,326
24 years$23,616$18,219$13,889$10,480$7,839$2,838
25 years$22,430$17,097$12,864$9,571$7,054$2,423
26 years$21,337$16,069$11,931$8,751$6,354$2,070
27 years$20,327$15,123$11,079$8,010$5,729$1,769
28 years$19,390$14,250$10,299$7,339$5,169$1,512
29 years$18,520$13,443$9,584$6,730$4,668$1,294
30 years$17,709$12,696$8,928$6,177$4,217$1,107
31 years$16,953$12,002$8,323$5,673$3,813$947
32 years$16,244$11,356$7,765$5,213$3,449$810
33 years$15,580$10,754$7,251$4,794$3,121$694
34 years$14,957$10,193$6,775$4,411$2,826$594
35 years$14,370$9,668$6,334$4,061$2,560$509
36 years$13,818$9,176$5,925$3,740$2,319$436
37 years$13,296$8,715$5,546$3,446$2,102$373
38 years$12,803$8,282$5,193$3,176$1,906$319
39 years$12,336$7,876$4,866$2,928$1,728$274
40 years$11,894$7,493$4,561$2,701$1,567$234
41 years$11,475$7,133$4,276$2,492$1,422$201
42 years$11,076$6,793$4,011$2,300$1,290$172
43 years$10,697$6,472$3,764$2,123$1,171$147
44 years$10,337$6,169$3,533$1,960$1,063$126
45 years$9,993$5,883$3,318$1,810$965$108
46 years$9,665$5,612$3,116$1,672$876$93
47 years$9,353$5,356$2,927$1,545$796$79
48 years$9,054$5,113$2,751$1,428$723$68
49 years$8,768$4,883$2,586$1,319$656$58
50 years$8,494$4,664$2,431$1,219$596$50

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $8,700,000, adding $6,647 every year, while hoping to spend $35,174 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: 71/8/21 Blend
29$8,700,000$8,700,000$8,700,000$8,700,000
30$9,594,256$9,133,156$8,998,306$10,225,568
31$10,535,446$9,543,256$9,262,325$11,057,382
32$11,571,457$9,972,272$9,534,009$11,963,045
33$12,711,926$10,421,094$9,813,578$12,953,813
34$13,967,469$10,890,653$10,101,259$14,038,122
35$15,349,783$11,381,927$10,397,284$15,225,255
36$16,871,758$11,895,939$10,701,890$16,525,436
37$18,547,598$12,433,761$11,015,324$17,949,922
38$20,392,954$12,996,516$11,337,838$19,511,107
39$22,425,071$13,585,382$11,669,692$21,222,640
40$24,662,954$14,201,590$12,011,152$23,099,551
41$27,127,542$14,846,435$12,362,493$25,158,393
42$29,841,911$15,521,270$12,723,995$27,417,394
43$32,831,487$16,227,513$13,095,950$29,896,631
44$36,124,289$16,966,652$13,478,655$32,618,217
45$39,751,193$17,740,244$13,872,417$35,606,506
46$43,746,221$18,549,923$14,277,549$38,888,324
47$48,146,865$19,397,398$14,694,376$42,493,219
48$52,994,438$20,284,464$15,123,231$46,453,737
49$58,334,466$21,212,998$15,564,455$50,805,733
50$64,217,117$22,184,971$16,018,400$55,588,698
51$70,697,674$23,202,445$16,485,426$60,846,139
52$77,837,055$24,267,583$16,965,906$66,625,984
53$85,702,391$25,382,651$17,460,221$72,981,030
54$94,367,660$26,550,026$17,968,763$79,969,441
55$103,914,380$27,772,196$18,491,936$87,655,298
56$114,432,384$29,051,771$19,030,153$96,109,195
57$126,020,665$30,391,485$19,583,841$105,408,910
58$138,788,310$31,794,205$20,153,437$115,640,129
59$152,855,531$33,262,935$20,739,390$126,897,260
60$168,354,800$34,800,823$21,342,164$139,284,314
61$185,432,096$36,411,170$21,962,233$152,915,891
62$204,248,287$38,097,434$22,600,085$167,918,251
63$224,980,646$39,863,242$23,256,222$184,430,512
64$247,824,525$41,712,395$23,931,159$202,605,951
65$272,995,199$43,648,875$24,625,425$222,613,453
66$300,729,899$45,676,859$25,339,566$244,639,101
67$331,290,047$47,800,723$26,074,140$268,887,926
68$364,963,729$50,025,056$26,829,721$295,585,842
69$402,068,413$52,354,668$27,606,901$324,981,775
70$442,953,945$54,794,600$28,406,285$357,350,005
71$488,005,848$57,350,137$29,228,497$392,992,755
72$537,648,970$60,026,819$30,074,177$432,243,035
73$592,351,486$62,830,454$30,943,983$475,467,788
74$652,629,322$65,767,130$31,838,590$523,071,340
75$719,051,023$68,843,230$32,758,693$575,499,222
76$792,243,123$72,065,444$33,705,006$633,242,361
77$872,896,058$75,440,787$34,678,260$696,841,716
78$961,770,683$78,976,612$35,679,208$766,893,376
79$1,059,705,455$82,680,629$36,708,624$844,054,183
80$1,167,624,350$86,560,918$37,767,301$929,047,924
81$1,286,545,583$90,625,953$38,856,056$1,022,672,161
82$1,417,591,225$94,884,616$39,975,725$1,125,805,749
83$1,561,997,788$99,346,221$41,127,170$1,239,417,132
84$1,721,127,907$104,020,530$42,311,275$1,364,573,473
85$1,896,483,198$108,917,781$43,528,948$1,502,450,724
86$2,089,718,436$114,048,704$44,781,119$1,654,344,716
87$2,302,657,178$119,424,552$46,068,749$1,821,683,389
88$2,537,308,977$125,057,122$47,392,818$2,006,040,263
89$2,795,888,354$130,958,782$48,754,339$2,209,149,279
90$3,080,835,704$137,142,500$50,154,347$2,432,921,167
91$3,394,840,335$143,621,872$51,593,907$2,679,461,467
92$3,740,865,860$150,411,154$53,074,113$2,951,090,403
93$4,122,178,170$157,525,294$54,596,089$3,250,364,773
94$4,542,376,272$164,979,961$56,160,986$3,580,102,077
95$5,005,426,261$172,791,589$57,769,989$3,943,407,106
96$5,515,698,770$180,977,407$59,424,313$4,343,701,237
97$6,078,010,224$189,555,479$61,125,207$4,784,754,728
98$6,697,668,316$198,544,747$62,873,951$5,270,722,292
99$7,380,522,117$207,965,073$64,671,862$5,806,182,312
100$8,133,017,293$217,837,281$66,520,288$6,396,180,045