Can I retire at age 30 with 8,900,000?

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 $8,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$734,954$728,407$722,020$715,786$709,698$699,960
2 years$363,838$357,062$350,495$344,128$337,952$328,158
3 years$240,150$233,344$226,794$220,486$214,410$204,865
4 years$178,317$171,533$165,048$158,848$152,919$143,696
5 years$141,228$134,484$128,084$122,010$116,247$107,373
6 years$116,509$109,816$103,511$97,573$91,982$83,468
7 years$98,860$92,223$86,018$80,220$74,806$66,654
8 years$85,629$79,052$72,950$67,294$62,059$54,269
9 years$75,344$68,829$62,832$57,320$52,263$44,831
10 years$67,121$60,670$54,778$49,410$44,530$37,451
11 years$60,397$54,011$48,226$43,002$38,298$31,564
12 years$54,798$48,477$42,799$37,718$33,188$26,793
13 years$50,064$43,809$38,238$33,300$28,940$22,875
14 years$46,010$39,821$34,357$29,560$25,369$19,623
15 years$42,499$36,377$31,020$26,362$22,337$16,902
16 years$39,430$33,376$28,124$23,604$19,741$14,606
17 years$36,726$30,738$25,592$21,208$17,504$12,659
18 years$34,324$28,403$23,362$19,113$15,564$10,997
19 years$32,178$26,324$21,387$17,270$13,872$9,573
20 years$30,248$24,461$19,628$15,642$12,391$8,349
21 years$28,505$22,785$18,054$14,196$11,089$7,292
22 years$26,922$21,269$16,639$12,907$9,939$6,377
23 years$25,479$19,892$15,363$11,755$8,922$5,584
24 years$24,159$18,638$14,209$10,721$8,019$4,894
25 years$22,946$17,490$13,160$9,791$7,216$4,293
26 years$21,828$16,438$12,205$8,952$6,500$3,769
27 years$20,794$15,470$11,334$8,194$5,860$3,310
28 years$19,836$14,578$10,536$7,508$5,288$2,910
29 years$18,946$13,752$9,805$6,885$4,775$2,559
30 years$18,117$12,988$9,133$6,319$4,314$2,251
31 years$17,342$12,278$8,514$5,803$3,901$1,981
32 years$16,618$11,617$7,944$5,333$3,528$1,744
33 years$15,939$11,002$7,417$4,904$3,193$1,536
34 years$15,301$10,427$6,930$4,512$2,891$1,353
35 years$14,701$9,890$6,479$4,154$2,619$1,192
36 years$14,135$9,387$6,061$3,826$2,373$1,051
37 years$13,602$8,915$5,673$3,525$2,150$926
38 years$13,097$8,473$5,313$3,249$1,949$817
39 years$12,620$8,057$4,977$2,996$1,768$720
40 years$12,168$7,665$4,665$2,763$1,604$635
41 years$11,739$7,297$4,375$2,549$1,455$560
42 years$11,331$6,949$4,104$2,353$1,320$494
43 years$10,943$6,621$3,851$2,172$1,198$436
44 years$10,574$6,311$3,614$2,005$1,087$384
45 years$10,223$6,018$3,394$1,852$987$339
46 years$9,888$5,741$3,188$1,711$896$299
47 years$9,568$5,479$2,995$1,580$814$264
48 years$9,262$5,230$2,814$1,460$739$233
49 years$8,969$4,995$2,645$1,350$671$205
50 years$8,690$4,771$2,487$1,248$610$181

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $8,900,000, adding $6,245 every year, while hoping to spend $28,575 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: 34/50/16 Blend
29$8,900,000$8,900,000$8,900,000$8,900,000
30$9,814,242$9,342,542$9,204,592$10,099,019
31$10,784,891$9,769,923$9,482,542$10,735,203
32$11,853,588$10,217,288$9,768,846$11,417,670
33$13,030,305$10,685,586$10,063,753$12,153,014
34$14,326,028$11,175,811$10,367,521$12,945,916
35$15,752,864$11,689,007$10,680,413$13,801,501
36$17,324,152$12,226,264$11,002,704$14,725,388
37$19,054,594$12,788,729$11,334,672$15,723,729
38$20,960,387$13,377,602$11,676,608$16,803,272
39$23,059,381$13,994,139$12,028,809$17,971,414
40$25,371,246$14,639,659$12,391,582$19,236,265
41$27,917,654$15,315,543$12,765,241$20,606,725
42$30,722,490$16,023,240$13,150,112$22,092,555
43$33,812,072$16,764,267$13,546,529$23,704,466
44$37,215,402$17,540,215$13,954,836$25,454,218
45$40,964,438$18,352,751$14,375,388$27,354,717
46$45,094,398$19,203,622$14,808,551$29,420,135
47$49,644,088$20,094,662$15,254,699$31,666,037
48$54,656,274$21,027,789$15,714,220$34,109,516
49$60,178,080$22,005,017$16,187,513$36,769,351
50$66,261,436$23,028,455$16,674,987$39,666,173
51$72,963,569$24,100,315$17,177,065$42,822,654
52$80,347,538$25,222,916$17,694,182$46,263,709
53$88,482,836$26,398,687$18,226,785$50,016,724
54$97,446,038$27,630,177$18,775,336$54,111,803
55$107,321,533$28,920,054$19,340,309$58,582,045
56$118,202,313$30,271,120$19,922,192$63,463,839
57$130,190,852$31,686,308$20,521,489$68,797,206
58$143,400,078$33,168,696$21,138,718$74,626,154
59$157,954,431$34,721,508$21,774,411$80,999,090
60$173,991,047$36,348,125$22,429,117$87,969,259
61$191,661,043$38,052,093$23,103,402$95,595,236
62$211,130,950$39,837,126$23,797,847$103,941,461
63$232,584,283$41,707,122$24,513,051$113,078,837
64$256,223,273$43,666,163$25,249,630$123,085,378
65$282,270,774$45,718,532$26,008,220$134,046,936
66$310,972,371$47,868,719$26,789,474$146,057,988
67$342,598,695$50,121,428$27,594,064$159,222,516
68$377,447,980$52,481,596$28,422,682$173,654,963
69$415,848,874$54,954,394$29,276,042$189,481,299
70$458,163,547$57,545,248$30,154,878$206,840,188
71$504,791,107$60,259,843$31,059,944$225,884,276
72$556,171,366$63,104,142$31,992,019$246,781,608
73$612,788,997$66,084,396$32,951,902$269,717,192
74$675,178,102$69,207,159$33,940,419$294,894,720
75$743,927,262$72,479,303$34,958,416$322,538,465
76$819,685,087$75,908,033$36,006,768$352,895,374
77$903,166,344$79,500,905$37,086,373$386,237,365
78$995,158,700$83,265,839$38,198,155$422,863,871
79$1,096,530,163$87,211,140$39,343,069$463,104,629
80$1,208,237,271$91,345,517$40,522,093$507,322,767
81$1,331,334,126$95,678,101$41,736,237$555,918,190
82$1,466,982,345$100,218,466$42,986,539$609,331,328
83$1,616,462,025$104,976,652$44,274,069$668,047,249
84$1,781,183,828$109,963,184$45,599,926$732,600,204
85$1,962,702,299$115,189,101$46,965,244$803,578,627
86$2,162,730,543$120,665,976$48,371,189$881,630,647
87$2,383,156,394$126,405,945$49,818,960$967,470,163
88$2,626,060,243$132,421,733$51,309,792$1,061,883,533
89$2,893,734,675$138,726,685$52,844,957$1,165,736,953
90$3,188,706,112$145,334,792$54,425,763$1,279,984,579
91$3,513,758,666$152,260,728$56,053,557$1,405,677,480
92$3,871,960,423$159,519,877$57,729,724$1,543,973,507
93$4,266,692,409$167,128,373$59,455,692$1,696,148,159
94$4,701,680,505$175,103,134$61,232,929$1,863,606,568
95$5,181,030,630$183,461,901$63,062,945$2,047,896,694
96$5,709,267,497$192,223,276$64,947,296$2,250,723,871
97$6,291,377,334$201,406,770$66,887,583$2,473,966,837
98$6,932,854,958$211,032,837$68,885,453$2,719,695,392
99$7,639,755,649$221,122,932$70,942,602$2,990,189,861
100$8,418,752,320$231,699,550$73,060,773$3,287,962,540