Can I retire at age 35 with 2,020,000?

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 $2,020,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$166,810$165,324$163,874$162,459$161,078$156,486
2 years$82,579$81,041$79,551$78,105$76,704$72,113
3 years$54,506$52,961$51,474$50,043$48,664$44,219
4 years$40,472$38,932$37,460$36,053$34,708$30,442
5 years$32,054$30,523$29,071$27,692$26,384$22,309
6 years$26,444$24,925$23,493$22,146$20,877$16,997
7 years$22,438$20,932$19,523$18,207$16,978$13,293
8 years$19,435$17,942$16,557$15,274$14,085$10,593
9 years$17,101$15,622$14,261$13,010$11,862$8,558
10 years$15,234$13,770$12,433$11,214$10,107$6,988
11 years$13,708$12,259$10,946$9,760$8,692$5,753
12 years$12,437$11,003$9,714$8,561$7,533$4,767
13 years$11,363$9,943$8,679$7,558$6,569$3,971
14 years$10,443$9,038$7,798$6,709$5,758$3,322
15 years$9,646$8,256$7,040$5,983$5,070$2,789
16 years$8,949$7,575$6,383$5,357$4,481$2,348
17 years$8,335$6,976$5,808$4,814$3,973$1,981
18 years$7,790$6,447$5,302$4,338$3,532$1,675
19 years$7,303$5,975$4,854$3,920$3,149$1,419
20 years$6,865$5,552$4,455$3,550$2,812$1,203
21 years$6,470$5,171$4,098$3,222$2,517$1,022
22 years$6,110$4,827$3,777$2,929$2,256$869
23 years$5,783$4,515$3,487$2,668$2,025$739
24 years$5,483$4,230$3,225$2,433$1,820$629
25 years$5,208$3,970$2,987$2,222$1,638$536
26 years$4,954$3,731$2,770$2,032$1,475$457
27 years$4,720$3,511$2,572$1,860$1,330$389
28 years$4,502$3,309$2,391$1,704$1,200$332
29 years$4,300$3,121$2,225$1,563$1,084$283
30 years$4,112$2,948$2,073$1,434$979$242
31 years$3,936$2,787$1,932$1,317$885$206
32 years$3,772$2,637$1,803$1,210$801$176
33 years$3,618$2,497$1,683$1,113$725$150
34 years$3,473$2,367$1,573$1,024$656$128
35 years$3,337$2,245$1,471$943$594$110
36 years$3,208$2,131$1,376$868$538$94
37 years$3,087$2,023$1,288$800$488$80
38 years$2,973$1,923$1,206$737$442$68
39 years$2,864$1,829$1,130$680$401$58
40 years$2,762$1,740$1,059$627$364$50
41 years$2,664$1,656$993$579$330$43
42 years$2,572$1,577$931$534$300$36
43 years$2,484$1,503$874$493$272$31
44 years$2,400$1,432$820$455$247$27
45 years$2,320$1,366$770$420$224$23
46 years$2,244$1,303$723$388$203$19
47 years$2,172$1,244$680$359$185$17
48 years$2,102$1,187$639$331$168$14
49 years$2,036$1,134$600$306$152$12
50 years$1,972$1,083$564$283$138$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $2,020,000, adding $6,693 every year, while hoping to spend $57,717 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: 40/37/23 Blend
34$2,020,000$2,020,000$2,020,000$2,020,000
35$2,232,944$2,125,884$2,094,574$2,306,832
36$2,399,294$2,168,642$2,103,332$2,403,388
37$2,580,677$2,211,560$2,110,448$2,501,820
38$2,778,566$2,254,586$2,115,808$2,607,156
39$2,994,581$2,297,663$2,119,289$2,720,060
40$3,230,507$2,340,727$2,120,764$2,841,262
41$3,488,307$2,383,711$2,120,098$2,971,572
42$3,770,144$2,426,542$2,117,151$3,111,880
43$4,078,398$2,469,143$2,111,775$3,263,170
44$4,415,691$2,511,427$2,103,816$3,426,528
45$4,784,908$2,553,304$2,093,111$3,603,154
46$5,189,228$2,594,675$2,079,490$3,794,368
47$5,632,152$2,635,436$2,062,774$4,001,632
48$6,117,532$2,675,473$2,042,778$4,226,555
49$6,649,615$2,714,666$2,019,306$4,470,917
50$7,233,075$2,752,884$1,992,152$4,736,678
51$7,873,061$2,789,988$1,961,102$5,026,003
52$8,575,246$2,825,831$1,925,932$5,341,283
53$9,345,877$2,860,252$1,886,406$5,685,153
54$10,191,835$2,893,082$1,842,278$6,060,523
55$11,120,699$2,924,141$1,793,292$6,470,602
56$12,140,821$2,953,234$1,739,178$6,918,933
57$13,261,398$2,980,156$1,679,654$7,409,423
58$14,492,563$3,004,686$1,614,425$7,946,384
59$15,845,481$3,026,592$1,543,184$8,534,573
60$17,332,448$3,045,623$1,465,609$9,179,237
61$18,967,014$3,061,515$1,381,363$9,886,168
62$20,764,105$3,073,985$1,290,095$10,661,751
63$22,740,167$3,082,733$1,191,436$11,513,031
64$24,913,318$3,087,441$1,085,003$12,447,782
65$27,303,521$3,087,770$970,395$13,474,575
66$29,932,769$3,083,360$847,192$14,602,867
67$32,825,295$3,073,829$714,957$15,843,087
68$36,007,800$3,058,771$573,233$17,206,739
69$39,509,702$3,037,757$421,542$18,706,511
70$43,363,414$3,010,330$259,387$20,356,396
71$47,604,653$2,976,006$86,246$22,171,825
72$52,272,770$2,934,273$0$24,169,819
73$57,411,127$2,884,586$0$26,393,323
74$63,067,502$2,826,371$0$28,863,016
75$69,294,541$2,759,017$0$31,580,677
76$76,150,254$2,681,879$0$34,571,626
77$83,698,562$2,594,273$0$37,863,774
78$92,009,897$2,495,475$0$41,487,884
79$101,161,873$2,384,719$0$45,477,869
80$111,240,009$2,261,196$0$49,871,113
81$122,338,544$2,124,048$0$54,708,821
82$134,561,319$1,972,370$0$60,036,413
83$148,022,760$1,805,203$0$65,903,956
84$162,848,959$1,621,535$0$72,366,635
85$179,178,858$1,420,295$0$79,485,281
86$197,165,564$1,200,353$0$87,326,943
87$216,977,795$960,513$0$95,965,524
88$238,801,465$699,513$0$105,482,487
89$262,841,445$416,020$0$115,967,618
90$289,323,494$108,626$0$127,519,884
91$318,496,386$0$0$140,248,366
92$350,634,264$0$0$154,364,560
93$386,039,219$0$0$169,964,921
94$425,044,148$0$0$187,151,957
95$468,015,890$0$0$206,087,365
96$515,358,694$0$0$226,949,330
97$567,518,027$0$0$249,934,210
98$624,984,783$0$0$275,258,382
99$688,299,916$0$0$303,160,293
100$758,059,542$0$0$333,902,704