Can I retire at age 35 with 1,980,000?

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 $1,980,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$163,507$162,050$160,629$159,242$157,888$155,145
2 years$80,944$79,436$77,975$76,559$75,185$72,430
3 years$53,427$51,913$50,455$49,052$47,700$45,020
4 years$39,671$38,161$36,718$35,339$34,020$31,434
5 years$31,419$29,919$28,495$27,144$25,862$23,378
6 years$25,920$24,431$23,028$21,707$20,463$18,085
7 years$21,994$20,517$19,137$17,847$16,642$14,369
8 years$19,050$17,587$16,229$14,971$13,806$11,639
9 years$16,762$15,313$13,978$12,752$11,627$9,563
10 years$14,932$13,497$12,187$10,992$9,907$7,945
11 years$13,437$12,016$10,729$9,567$8,520$6,659
12 years$12,191$10,785$9,522$8,391$7,383$5,620
13 years$11,138$9,746$8,507$7,408$6,438$4,770
14 years$10,236$8,859$7,644$6,576$5,644$4,067
15 years$9,455$8,093$6,901$5,865$4,969$3,481
16 years$8,772$7,425$6,257$5,251$4,392$2,990
17 years$8,170$6,838$5,693$4,718$3,894$2,575
18 years$7,636$6,319$5,197$4,252$3,463$2,222
19 years$7,159$5,856$4,758$3,842$3,086$1,922
20 years$6,729$5,442$4,367$3,480$2,757$1,665
21 years$6,342$5,069$4,016$3,158$2,467$1,444
22 years$5,989$4,732$3,702$2,871$2,211$1,254
23 years$5,668$4,425$3,418$2,615$1,985$1,091
24 years$5,375$4,146$3,161$2,385$1,784$949
25 years$5,105$3,891$2,928$2,178$1,605$827
26 years$4,856$3,657$2,715$1,992$1,446$721
27 years$4,626$3,442$2,521$1,823$1,304$628
28 years$4,413$3,243$2,344$1,670$1,176$548
29 years$4,215$3,059$2,181$1,532$1,062$479
30 years$4,030$2,889$2,032$1,406$960$418
31 years$3,858$2,731$1,894$1,291$868$365
32 years$3,697$2,584$1,767$1,186$785$319
33 years$3,546$2,448$1,650$1,091$710$279
34 years$3,404$2,320$1,542$1,004$643$244
35 years$3,270$2,200$1,441$924$583$213
36 years$3,145$2,088$1,348$851$528$187
37 years$3,026$1,983$1,262$784$478$163
38 years$2,914$1,885$1,182$723$434$143
39 years$2,808$1,792$1,107$666$393$125
40 years$2,707$1,705$1,038$615$357$109
41 years$2,612$1,623$973$567$324$96
42 years$2,521$1,546$913$523$294$84
43 years$2,435$1,473$857$483$267$73
44 years$2,353$1,404$804$446$242$64
45 years$2,274$1,339$755$412$220$56
46 years$2,200$1,277$709$381$199$49
47 years$2,129$1,219$666$352$181$43
48 years$2,060$1,164$626$325$164$38
49 years$1,995$1,111$588$300$149$33
50 years$1,933$1,061$553$278$136$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $1,980,000, adding $6,948 every year, while hoping to spend $50,229 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: 56/23/21 Blend
34$1,980,000$1,980,000$1,980,000$1,980,000
35$2,189,127$2,084,187$2,053,497$2,298,946
36$2,358,975$2,132,869$2,068,846$2,423,411
37$2,544,463$2,182,253$2,083,025$2,552,999
38$2,747,135$2,232,320$2,095,943$2,693,086
39$2,968,689$2,283,049$2,107,503$2,844,694
40$3,210,993$2,334,416$2,117,602$3,008,950
41$3,476,106$2,386,395$2,126,134$3,187,093
42$3,766,295$2,438,955$2,132,986$3,380,491
43$4,084,056$2,492,062$2,138,040$3,590,650
44$4,432,137$2,545,680$2,141,171$3,819,231
45$4,813,564$2,599,768$2,142,250$4,068,064
46$5,231,671$2,654,280$2,141,139$4,339,166
47$5,690,130$2,709,168$2,137,695$4,634,759
48$6,192,984$2,764,378$2,131,768$4,957,292
49$6,744,686$2,819,850$2,123,200$5,309,467
50$7,350,142$2,875,521$2,111,826$5,694,260
51$8,014,757$2,931,321$2,097,472$6,114,950
52$8,744,481$2,987,175$2,079,956$6,575,154
53$9,545,872$3,043,000$2,059,089$7,078,857
54$10,426,152$3,098,709$2,034,670$7,630,452
55$11,393,279$3,154,205$2,006,491$8,234,781
56$12,456,019$3,209,386$1,974,333$8,897,182
57$13,624,027$3,264,141$1,937,968$9,623,537
58$14,907,943$3,318,349$1,897,155$10,420,332
59$16,319,489$3,371,883$1,851,645$11,294,715
60$17,871,576$3,424,605$1,801,175$12,254,565
61$19,578,432$3,476,367$1,745,470$13,308,566
62$21,455,733$3,527,009$1,684,243$14,466,291
63$23,520,747$3,576,362$1,617,195$15,738,293
64$25,792,504$3,624,244$1,544,012$17,136,202
65$28,291,968$3,670,461$1,464,365$18,672,838
66$31,042,239$3,714,804$1,377,911$20,362,333
67$34,068,770$3,757,051$1,284,293$22,220,262
68$37,399,603$3,796,965$1,183,136$24,263,794
69$41,065,640$3,834,294$1,074,048$26,511,851
70$45,100,927$3,868,767$956,621$28,985,293
71$49,542,982$3,900,096$830,428$31,707,108
72$54,433,142$3,927,977$695,023$34,702,639
73$59,816,956$3,952,081$549,940$37,999,814
74$65,744,616$3,972,064$394,693$41,629,418
75$72,271,426$3,987,555$228,775$45,625,384
76$79,458,329$3,998,162$51,656$50,025,109
77$87,372,474$4,003,468$0$54,869,813
78$96,087,859$4,003,030$0$60,235,709
79$105,686,020$3,996,377$0$66,156,444
80$116,256,805$3,983,011$0$72,675,757
81$127,899,220$3,962,400$0$79,854,618
82$140,722,365$3,933,982$0$87,760,219
83$154,846,459$3,897,160$0$96,466,603
84$170,403,979$3,851,302$0$106,055,371
85$187,540,907$3,795,737$0$116,616,449
86$206,418,106$3,729,755$0$128,248,937
87$227,212,842$3,652,602$0$141,062,046
88$250,120,454$3,563,482$0$155,176,131
89$275,356,198$3,461,550$0$170,723,824
90$303,157,276$3,345,912$0$187,851,292
91$333,785,079$3,215,622$0$206,719,614
92$367,527,649$3,069,680$0$227,506,305
93$404,702,401$2,907,026$0$250,406,990
94$445,659,115$2,726,540$0$275,637,256
95$490,783,243$2,527,038$0$303,434,683
96$540,499,539$2,307,268$0$334,061,093
97$595,276,073$2,065,906$0$367,805,022
98$655,628,650$1,801,553$0$404,984,443
99$722,125,674$1,512,730$0$445,949,772
100$795,393,516$1,197,877$0$491,087,175