Can I retire at age 30 with 8,800,000?

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 $8,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$726,696$720,223$713,907$707,743$701,724$694,107
2 years$359,750$353,050$346,557$340,261$334,154$326,485
3 years$237,451$230,722$224,245$218,009$212,001$204,518
4 years$176,314$169,605$163,193$157,063$151,201$143,961
5 years$139,641$132,973$126,645$120,639$114,941$107,965
6 years$115,200$108,582$102,348$96,476$90,949$84,246
7 years$97,749$91,187$85,051$79,318$73,966$67,539
8 years$84,667$78,164$72,130$66,538$61,362$55,210
9 years$74,498$68,056$62,126$56,676$51,675$45,797
10 years$66,367$59,988$54,163$48,855$44,030$38,421
11 years$59,718$53,404$47,684$42,519$37,867$32,523
12 years$54,182$47,932$42,318$37,295$32,815$27,730
13 years$49,501$43,317$37,809$32,925$28,615$23,783
14 years$45,493$39,374$33,971$29,228$25,084$20,498
15 years$42,022$35,969$30,671$26,066$22,086$17,739
16 years$38,987$33,001$27,808$23,339$19,520$15,404
17 years$36,313$30,392$25,304$20,970$17,307$13,416
18 years$33,938$28,084$23,100$18,898$15,389$11,714
19 years$31,816$26,028$21,147$17,076$13,717$10,249
20 years$29,908$24,186$19,407$15,466$12,252$8,985
21 years$28,185$22,529$17,851$14,036$10,964$7,889
22 years$26,620$21,030$16,452$12,762$9,828$6,936
23 years$25,193$19,669$15,191$11,623$8,822$6,106
24 years$23,887$18,428$14,049$10,601$7,929$5,380
25 years$22,688$17,294$13,012$9,681$7,135$4,746
26 years$21,582$16,254$12,068$8,852$6,427$4,189
27 years$20,560$15,296$11,206$8,102$5,795$3,700
28 years$19,613$14,414$10,418$7,423$5,229$3,271
29 years$18,733$13,598$9,695$6,807$4,721$2,893
30 years$17,913$12,842$9,030$6,248$4,266$2,560
31 years$17,147$12,140$8,419$5,738$3,857$2,266
32 years$16,431$11,487$7,855$5,273$3,489$2,006
33 years$15,760$10,878$7,334$4,849$3,157$1,777
34 years$15,129$10,310$6,852$4,462$2,859$1,575
35 years$14,536$9,779$6,407$4,107$2,589$1,396
36 years$13,976$9,281$5,993$3,783$2,346$1,237
37 years$13,449$8,815$5,609$3,485$2,126$1,097
38 years$12,950$8,378$5,253$3,212$1,928$973
39 years$12,478$7,966$4,922$2,962$1,748$863
40 years$12,031$7,579$4,613$2,732$1,585$766
41 years$11,607$7,215$4,325$2,521$1,438$679
42 years$11,204$6,871$4,057$2,326$1,305$603
43 years$10,820$6,547$3,807$2,147$1,185$535
44 years$10,456$6,240$3,574$1,983$1,075$475
45 years$10,108$5,951$3,356$1,831$976$421
46 years$9,777$5,677$3,152$1,691$886$374
47 years$9,460$5,417$2,961$1,563$805$332
48 years$9,158$5,172$2,783$1,444$731$295
49 years$8,869$4,939$2,615$1,335$664$262
50 years$8,592$4,718$2,459$1,233$603$232

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $8,800,000, adding $6,287 every year, while hoping to spend $55,033 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: 49/28/23 Blend
29$8,800,000$8,800,000$8,800,000$8,800,000
30$9,704,085$9,237,685$9,101,285$10,116,263
31$10,635,347$9,631,777$9,347,623$10,798,078
32$11,659,753$10,043,335$9,600,370$11,532,331
33$12,786,746$10,473,157$9,859,680$12,328,907
34$14,026,730$10,922,077$10,125,715$13,193,708
35$15,391,168$11,390,970$10,398,638$14,133,220
36$16,892,691$11,880,751$10,678,616$15,154,572
37$18,545,215$12,392,377$10,965,819$16,265,600
38$20,364,074$12,926,852$11,260,422$17,474,921
39$22,366,166$13,485,223$11,562,602$18,792,009
40$24,570,107$14,068,592$11,872,541$20,227,283
41$26,996,412$14,678,106$12,190,425$21,792,202
42$29,667,685$15,314,972$12,516,443$23,499,372
43$32,608,833$15,980,450$12,850,788$25,362,658
44$35,847,302$16,675,861$13,193,658$27,397,316
45$39,413,334$17,402,585$13,545,253$29,620,129
46$43,340,255$18,162,073$13,905,780$32,049,566
47$47,664,784$18,955,838$14,275,447$34,705,952
48$52,427,386$19,785,468$14,654,468$37,611,652
49$57,672,649$20,652,624$15,043,062$40,791,284
50$63,449,704$21,559,048$15,441,450$44,271,942
51$69,812,694$22,506,562$15,849,859$48,083,451
52$76,821,280$23,497,074$16,268,520$52,258,643
53$84,541,204$24,532,584$16,697,668$56,833,661
54$93,044,910$25,615,184$17,137,544$61,848,295
55$102,412,231$26,747,068$17,588,391$67,346,355
56$112,731,135$27,930,532$18,050,460$73,376,077
57$124,098,563$29,167,980$18,524,002$79,990,574
58$136,621,337$30,461,931$19,009,277$87,248,328
59$150,417,173$31,815,026$19,506,547$95,213,742
60$165,615,789$33,230,026$20,016,080$103,957,737
61$182,360,129$34,709,827$20,538,149$113,558,415
62$200,807,716$36,257,462$21,073,030$124,101,792
63$221,132,132$37,876,107$21,621,006$135,682,600
64$243,524,662$39,569,089$22,182,363$148,405,174
65$268,196,098$41,339,894$22,757,392$162,384,431
66$295,378,726$43,192,175$23,346,390$177,746,944
67$325,328,520$45,129,756$23,949,659$194,632,130
68$358,327,560$47,156,645$24,567,503$213,193,556
69$394,686,692$49,277,041$25,200,235$233,600,381
70$434,748,461$51,495,342$25,848,170$256,038,940
71$478,890,348$53,816,158$26,511,627$280,714,495
72$527,528,330$56,244,316$27,190,933$307,853,161
73$581,120,808$58,784,876$27,886,418$337,704,030
74$640,172,933$61,443,138$28,598,415$370,541,511
75$705,241,376$64,224,655$29,327,266$406,667,907
76$776,939,580$67,135,247$30,073,313$446,416,257
77$855,943,554$70,181,011$30,836,906$490,153,466
78$942,998,251$73,368,335$31,618,397$538,283,756
79$1,038,924,604$76,703,915$32,418,145$591,252,464
80$1,144,627,272$80,194,765$33,236,511$649,550,237
81$1,261,103,181$83,848,236$34,073,861$713,717,640
82$1,389,450,937$87,672,031$34,930,567$784,350,250
83$1,530,881,193$91,674,221$35,807,002$862,104,257
84$1,686,728,083$95,863,266$36,703,545$947,702,640
85$1,858,461,811$100,248,030$37,620,577$1,041,941,976
86$2,047,702,535$104,837,803$38,558,486$1,145,699,939
87$2,256,235,658$109,642,319$39,517,659$1,259,943,562
88$2,486,028,684$114,671,782$40,498,489$1,385,738,351
89$2,739,249,794$119,936,884$41,501,373$1,524,258,313
90$3,018,288,312$125,448,830$42,526,708$1,676,797,024
91$3,325,777,263$131,219,365$43,574,896$1,844,779,810
92$3,664,618,228$137,260,799$44,646,339$2,029,777,178
93$4,038,008,739$143,586,030$45,741,444$2,233,519,619
94$4,449,472,466$150,208,581$46,860,618$2,457,913,912
95$4,902,892,478$157,142,622$48,004,269$2,705,061,097
96$5,402,547,907$164,403,006$49,172,808$2,977,276,282
97$5,953,154,342$172,005,302$50,366,645$3,277,110,461
98$6,559,908,349$179,965,826$51,586,192$3,607,374,567
99$7,228,536,532$188,301,683$52,831,861$3,971,165,975
100$7,965,349,591$197,030,799$54,104,061$4,371,897,700