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%18.7%
1 years$166,810$165,324$163,874$162,459$161,078$155,424
2 years$82,579$81,041$79,551$78,105$76,704$71,067
3 years$54,506$52,961$51,474$50,043$48,664$43,222
4 years$40,472$38,932$37,460$36,053$34,708$29,501
5 years$32,054$30,523$29,071$27,692$26,384$21,427
6 years$26,444$24,925$23,493$22,146$20,877$16,173
7 years$22,438$20,932$19,523$18,207$16,978$12,527
8 years$19,435$17,942$16,557$15,274$14,085$9,882
9 years$17,101$15,622$14,261$13,010$11,862$7,902
10 years$15,234$13,770$12,433$11,214$10,107$6,384
11 years$13,708$12,259$10,946$9,760$8,692$5,198
12 years$12,437$11,003$9,714$8,561$7,533$4,259
13 years$11,363$9,943$8,679$7,558$6,569$3,507
14 years$10,443$9,038$7,798$6,709$5,758$2,900
15 years$9,646$8,256$7,040$5,983$5,070$2,405
16 years$8,949$7,575$6,383$5,357$4,481$2,000
17 years$8,335$6,976$5,808$4,814$3,973$1,667
18 years$7,790$6,447$5,302$4,338$3,532$1,392
19 years$7,303$5,975$4,854$3,920$3,149$1,164
20 years$6,865$5,552$4,455$3,550$2,812$974
21 years$6,470$5,171$4,098$3,222$2,517$816
22 years$6,110$4,827$3,777$2,929$2,256$685
23 years$5,783$4,515$3,487$2,668$2,025$575
24 years$5,483$4,230$3,225$2,433$1,820$483
25 years$5,208$3,970$2,987$2,222$1,638$406
26 years$4,954$3,731$2,770$2,032$1,475$341
27 years$4,720$3,511$2,572$1,860$1,330$287
28 years$4,502$3,309$2,391$1,704$1,200$241
29 years$4,300$3,121$2,225$1,563$1,084$203
30 years$4,112$2,948$2,073$1,434$979$171
31 years$3,936$2,787$1,932$1,317$885$144
32 years$3,772$2,637$1,803$1,210$801$121
33 years$3,618$2,497$1,683$1,113$725$102
34 years$3,473$2,367$1,573$1,024$656$86
35 years$3,337$2,245$1,471$943$594$72
36 years$3,208$2,131$1,376$868$538$61
37 years$3,087$2,023$1,288$800$488$51
38 years$2,973$1,923$1,206$737$442$43
39 years$2,864$1,829$1,130$680$401$36
40 years$2,762$1,740$1,059$627$364$31
41 years$2,664$1,656$993$579$330$26
42 years$2,572$1,577$931$534$300$22
43 years$2,484$1,503$874$493$272$18
44 years$2,400$1,432$820$455$247$15
45 years$2,320$1,366$770$420$224$13
46 years$2,244$1,303$723$388$203$11
47 years$2,172$1,244$680$359$185$9
48 years$2,102$1,187$639$331$168$8
49 years$2,036$1,134$600$306$152$7
50 years$1,972$1,083$564$283$138$6

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 $4,894 every year, while hoping to spend $55,092 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: 38/38/24 Blend
34$2,020,000$2,020,000$2,020,000$2,020,000
35$2,231,088$2,124,028$2,092,718$2,299,718
36$2,400,042$2,169,488$2,104,207$2,395,605
37$2,584,382$2,215,329$2,114,234$2,493,680
38$2,785,620$2,261,512$2,122,692$2,598,583
39$3,005,421$2,307,993$2,129,469$2,710,964
40$3,245,614$2,354,725$2,134,447$2,831,543
41$3,508,217$2,401,656$2,137,501$2,961,113
42$3,795,449$2,448,731$2,138,501$3,100,548
43$4,109,754$2,495,889$2,137,310$3,250,815
44$4,453,825$2,543,063$2,133,786$3,412,978
45$4,830,624$2,590,182$2,127,777$3,588,214
46$5,243,416$2,637,169$2,119,126$3,777,818
47$5,695,795$2,683,941$2,107,667$3,983,223
48$6,191,719$2,730,408$2,093,227$4,206,007
49$6,735,549$2,776,472$2,075,624$4,447,912
50$7,332,085$2,822,030$2,054,669$4,710,861
51$7,986,619$2,866,970$2,030,161$4,996,975
52$8,704,974$2,911,172$2,001,891$5,308,594
53$9,493,569$2,954,506$1,969,642$5,648,299
54$10,359,472$2,996,836$1,933,184$6,018,940
55$11,310,470$3,038,014$1,892,278$6,423,659
56$12,355,142$3,077,880$1,846,673$6,865,923
57$13,502,937$3,116,267$1,796,107$7,349,558
58$14,764,265$3,152,992$1,740,306$7,878,782
59$16,150,596$3,187,865$1,678,981$8,458,251
60$17,674,564$3,220,678$1,611,835$9,093,099
61$19,350,091$3,251,212$1,538,552$9,788,991
62$21,192,511$3,279,232$1,458,805$10,552,175
63$23,218,723$3,304,491$1,372,251$11,389,541
64$25,447,343$3,326,720$1,278,531$12,308,692
65$27,898,882$3,345,639$1,177,272$13,318,011
66$30,595,938$3,360,947$1,068,081$14,426,746
67$33,563,413$3,372,322$950,551$15,645,094
68$36,828,741$3,379,426$824,254$16,984,304
69$40,422,151$3,381,896$688,745$18,456,779
70$44,376,950$3,379,349$543,558$20,076,199
71$48,729,839$3,371,377$388,207$21,857,651
72$53,521,255$3,357,547$222,184$23,817,769
73$58,795,757$3,337,400$44,961$25,974,898
74$64,602,440$3,310,449$0$28,349,268
75$70,995,405$3,276,177$0$31,000,104
76$78,034,263$3,234,036$0$33,929,767
77$85,784,701$3,183,447$0$37,154,009
78$94,319,098$3,123,793$0$40,702,891
79$103,717,210$3,054,423$0$44,609,552
80$114,066,923$2,974,648$0$48,910,518
81$125,465,080$2,883,736$0$53,646,051
82$138,018,393$2,780,914$0$58,860,528
83$151,844,455$2,665,364$0$64,602,865
84$167,072,843$2,536,221$0$70,926,977
85$183,846,344$2,392,567$0$77,892,291
86$202,322,302$2,233,434$0$85,564,308
87$222,674,103$2,057,798$0$94,015,226
88$245,092,807$1,864,576$0$103,324,621
89$269,788,957$1,652,624$0$113,580,201
90$296,994,559$1,420,731$0$124,878,637
91$326,965,278$1,167,620$0$137,326,480
92$359,982,844$891,941$0$151,041,168
93$396,357,715$592,267$0$166,152,139
94$436,432,007$267,094$0$182,802,053
95$480,582,720$0$0$201,148,148
96$529,225,296$0$0$221,399,338
97$582,817,544$0$0$243,834,728
98$641,863,957$0$0$268,553,887
99$706,920,473$0$0$295,789,612
100$778,599,725$0$0$325,798,443