Can I retire at age 30 with 9,700,000?

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 $9,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$801,017$793,882$786,921$780,126$773,492$768,939
2 years$396,543$389,158$382,000$375,061$368,329$363,737
3 years$261,736$254,319$247,180$240,305$233,683$229,192
4 years$194,346$186,951$179,883$173,126$166,665$162,310
5 years$153,922$146,572$139,597$132,978$126,696$122,491
6 years$126,982$119,687$112,815$106,343$100,250$96,199
7 years$107,746$100,513$93,750$87,431$81,530$77,636
8 years$93,326$86,158$79,507$73,343$67,637$63,900
9 years$82,117$75,016$68,480$62,472$56,960$53,379
10 years$73,154$66,123$59,702$53,852$48,533$45,106
11 years$65,826$58,866$52,561$46,867$41,740$38,464
12 years$59,723$52,835$46,646$41,109$36,171$33,044
13 years$54,564$47,747$41,675$36,293$31,542$28,561
14 years$50,145$43,401$37,446$32,217$27,649$24,811
15 years$46,319$39,647$33,808$28,732$24,345$21,645
16 years$42,975$36,376$30,652$25,726$21,516$18,951
17 years$40,027$33,501$27,892$23,115$19,078$16,644
18 years$37,409$30,956$25,462$20,831$16,963$14,656
19 years$35,070$28,690$23,309$18,823$15,119$12,935
20 years$32,967$26,660$21,392$17,047$13,505$11,438
21 years$31,067$24,833$19,677$15,472$12,085$10,132
22 years$29,342$23,180$18,135$14,067$10,833$8,989
23 years$27,770$21,680$16,744$12,811$9,724$7,985
24 years$26,330$20,313$15,486$11,685$8,740$7,102
25 years$25,008$19,063$14,343$10,671$7,865$6,323
26 years$23,790$17,916$13,302$9,757$7,084$5,634
27 years$22,663$16,861$12,352$8,931$6,387$5,025
28 years$21,619$15,888$11,483$8,183$5,763$4,484
29 years$20,649$14,988$10,686$7,504$5,204$4,004
30 years$19,745$14,155$9,954$6,887$4,702$3,578
31 years$18,901$13,381$9,280$6,325$4,251$3,198
32 years$18,111$12,661$8,658$5,813$3,846$2,860
33 years$17,371$11,990$8,084$5,345$3,480$2,559
34 years$16,676$11,364$7,553$4,918$3,151$2,290
35 years$16,022$10,779$7,062$4,527$2,854$2,050
36 years$15,406$10,231$6,606$4,170$2,586$1,836
37 years$14,824$9,717$6,183$3,842$2,344$1,645
38 years$14,275$9,234$5,790$3,541$2,125$1,474
39 years$13,754$8,781$5,425$3,265$1,927$1,321
40 years$13,261$8,354$5,085$3,011$1,748$1,184
41 years$12,794$7,953$4,768$2,778$1,586$1,061
42 years$12,350$7,574$4,472$2,564$1,439$951
43 years$11,927$7,216$4,197$2,367$1,306$853
44 years$11,525$6,879$3,939$2,186$1,185$765
45 years$11,142$6,559$3,699$2,018$1,076$686
46 years$10,776$6,257$3,474$1,864$977$615
47 years$10,428$5,971$3,264$1,723$887$552
48 years$10,094$5,701$3,067$1,592$806$495
49 years$9,776$5,444$2,883$1,471$732$444
50 years$9,471$5,200$2,710$1,360$665$399

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $9,700,000, adding $4,325 every year, while hoping to spend $35,966 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: 33/47/20 Blend
29$9,700,000$9,700,000$9,700,000$9,700,000
30$10,693,861$10,179,761$10,029,411$10,980,654
31$11,746,368$10,640,302$10,327,129$11,654,715
32$12,905,024$11,122,204$10,633,615$12,377,092
33$14,180,620$11,626,475$10,949,125$13,154,891
34$15,585,044$12,154,174$11,273,921$13,993,011
35$17,131,397$12,706,406$11,608,276$14,896,820
36$18,834,113$13,284,334$11,952,466$15,872,196
37$20,709,098$13,889,172$12,306,780$16,925,582
38$22,773,880$14,522,195$12,671,511$18,064,042
39$25,047,772$15,184,739$13,046,963$19,295,321
40$27,552,056$15,878,202$13,433,447$20,627,911
41$30,310,184$16,604,052$13,831,285$22,071,132
42$33,347,997$17,363,825$14,240,807$23,635,206
43$36,693,971$18,159,131$14,662,353$25,331,353
44$40,379,485$18,991,657$15,096,271$27,171,890
45$44,439,118$19,863,174$15,542,922$29,170,337
46$48,910,973$20,775,534$16,002,675$31,341,542
47$53,837,037$21,730,681$16,475,909$33,701,809
48$59,263,581$22,730,650$16,963,018$36,269,051
49$65,241,589$23,777,574$17,464,402$39,062,945
50$71,827,247$24,873,692$17,980,476$42,105,110
51$79,082,470$26,021,346$18,511,665$45,419,307
52$87,075,484$27,222,994$19,058,408$49,031,649
53$95,881,473$28,481,211$19,621,154$52,970,840
54$105,583,288$29,798,695$20,200,368$57,268,436
55$116,272,229$31,178,276$20,796,525$61,959,132
56$128,048,903$32,622,919$21,410,116$67,081,080
57$141,024,182$34,135,733$22,041,645$72,676,235
58$155,320,239$35,719,974$22,691,631$78,790,741
59$171,071,708$37,379,058$23,360,606$85,475,352
60$188,426,955$39,116,564$24,049,119$92,785,902
61$207,549,475$40,936,246$24,757,734$100,783,814
62$228,619,434$42,842,035$25,487,031$109,536,666
63$251,835,377$44,838,055$26,237,607$119,118,817
64$277,416,094$46,928,628$27,010,076$129,612,091
65$305,602,689$49,118,285$27,805,067$141,106,533
66$336,660,857$51,411,775$28,623,231$153,701,239
67$370,883,389$53,814,076$29,465,234$167,505,280
68$408,592,938$56,330,409$30,331,762$182,638,707
69$450,145,063$58,966,245$31,223,522$199,233,666
70$495,931,588$61,727,319$32,141,238$217,435,627
71$546,384,298$64,619,646$33,085,657$237,404,730
72$601,979,017$67,649,528$34,057,547$259,317,282
73$663,240,097$70,823,576$35,057,695$283,367,391
74$730,745,373$74,148,717$36,086,914$309,768,775
75$805,131,613$77,632,217$37,146,038$338,756,755
76$887,100,532$81,281,689$38,235,924$370,590,450
77$977,425,413$85,105,119$39,357,454$405,555,191
78$1,076,958,411$89,110,876$40,511,536$443,965,186
79$1,186,638,597$93,307,737$41,699,100$486,166,459
80$1,307,500,821$97,704,903$42,921,107$532,540,077
81$1,440,685,482$102,312,020$44,178,541$583,505,719
82$1,587,449,294$107,139,202$45,472,415$639,525,597
83$1,749,177,154$112,197,054$46,803,772$701,108,786
84$1,927,395,207$117,496,694$48,173,683$768,815,989
85$2,123,785,265$123,049,779$49,583,248$843,264,787
86$2,340,200,675$128,868,531$51,033,599$925,135,430
87$2,578,683,820$134,965,765$52,525,901$1,015,177,209
88$2,841,485,400$141,354,918$54,061,349$1,114,215,486
89$3,131,085,679$148,050,078$55,641,173$1,223,159,436
90$3,450,217,904$155,066,017$57,266,638$1,343,010,575
91$3,801,894,102$162,418,223$58,939,042$1,474,872,162
92$4,189,433,523$170,122,938$60,659,722$1,619,959,559
93$4,616,493,970$178,197,191$62,430,051$1,779,611,643
94$5,087,106,337$186,658,835$64,251,440$1,955,303,385
95$5,605,712,661$195,526,595$66,125,340$2,148,659,707
96$6,177,208,055$204,820,101$68,053,242$2,361,470,753
97$6,806,986,930$214,559,940$70,036,679$2,595,708,721
98$7,500,993,916$224,767,695$72,077,226$2,853,546,404
99$8,265,779,985$235,466,002$74,176,503$3,137,377,623
100$9,108,564,300$246,678,593$76,336,173$3,449,839,744