Can I retire at age 35 with 2,340,000?

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 $2,340,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$193,235$191,514$189,834$188,195$186,595$181,936
2 years$95,661$93,879$92,153$90,479$88,855$84,191
3 years$63,140$61,351$59,629$57,970$56,373$51,850
4 years$46,883$45,100$43,395$41,764$40,206$35,858
5 years$37,132$35,359$33,676$32,079$30,564$26,403
6 years$30,633$28,873$27,215$25,654$24,184$20,215
7 years$25,992$24,247$22,616$21,092$19,668$15,891
8 years$22,514$20,785$19,180$17,693$16,317$12,729
9 years$19,810$18,097$16,520$15,071$13,741$10,341
10 years$17,647$15,951$14,402$12,991$11,708$8,491
11 years$15,880$14,201$12,680$11,306$10,069$7,031
12 years$14,408$12,746$11,253$9,917$8,726$5,861
13 years$13,163$11,518$10,054$8,755$7,609$4,912
14 years$12,097$10,470$9,033$7,772$6,670$4,135
15 years$11,174$9,564$8,156$6,931$5,873$3,493
16 years$10,367$8,775$7,394$6,206$5,190$2,960
17 years$9,656$8,082$6,729$5,576$4,602$2,514
18 years$9,024$7,468$6,142$5,025$4,092$2,140
19 years$8,460$6,921$5,623$4,541$3,647$1,825
20 years$7,953$6,431$5,161$4,112$3,258$1,558
21 years$7,495$5,991$4,747$3,732$2,915$1,332
22 years$7,078$5,592$4,375$3,394$2,613$1,140
23 years$6,699$5,230$4,039$3,091$2,346$977
24 years$6,352$4,900$3,736$2,819$2,108$838
25 years$6,033$4,599$3,460$2,574$1,897$719
26 years$5,739$4,322$3,209$2,354$1,709$617
27 years$5,467$4,067$2,980$2,154$1,541$530
28 years$5,215$3,833$2,770$1,974$1,390$455
29 years$4,981$3,616$2,578$1,810$1,255$391
30 years$4,763$3,415$2,401$1,661$1,134$336
31 years$4,560$3,228$2,239$1,526$1,026$289
32 years$4,369$3,054$2,089$1,402$928$249
33 years$4,191$2,893$1,950$1,289$840$214
34 years$4,023$2,741$1,822$1,186$760$184
35 years$3,865$2,600$1,704$1,092$688$158
36 years$3,716$2,468$1,594$1,006$624$136
37 years$3,576$2,344$1,492$927$565$117
38 years$3,444$2,228$1,397$854$513$101
39 years$3,318$2,118$1,309$788$465$87
40 years$3,199$2,015$1,227$726$422$75
41 years$3,086$1,918$1,150$670$382$65
42 years$2,979$1,827$1,079$619$347$56
43 years$2,877$1,741$1,012$571$315$48
44 years$2,780$1,659$950$527$286$41
45 years$2,688$1,582$892$487$260$35
46 years$2,600$1,510$838$450$236$31
47 years$2,516$1,441$787$416$214$26
48 years$2,435$1,375$740$384$194$23
49 years$2,358$1,313$695$355$177$20
50 years$2,285$1,254$654$328$160$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $2,340,000, adding $6,743 every year, while hoping to spend $20,594 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: 28/47/25 Blend
34$2,340,000$2,340,000$2,340,000$2,340,000
35$2,585,635$2,461,615$2,425,345$2,637,705
36$2,827,458$2,560,323$2,484,683$2,778,050
37$3,093,257$2,663,176$2,545,317$2,926,483
38$3,385,455$2,770,358$2,607,271$3,085,537
39$3,706,723$2,882,057$2,670,567$3,256,137
40$4,060,003$2,998,472$2,735,225$3,439,292
41$4,448,536$3,119,810$2,801,267$3,636,112
42$4,875,893$3,246,287$2,868,716$3,847,810
43$5,346,010$3,378,130$2,937,594$4,075,718
44$5,863,220$3,515,576$3,007,921$4,321,295
45$6,432,302$3,658,873$3,079,719$4,586,145
46$7,058,517$3,808,278$3,153,010$4,872,022
47$7,747,665$3,964,063$3,227,816$5,180,857
48$8,506,136$4,126,511$3,304,156$5,514,765
49$9,340,969$4,295,917$3,382,052$5,876,070
50$10,259,922$4,472,591$3,461,525$6,267,323
51$11,271,543$4,656,857$3,542,595$6,691,328
52$12,385,250$4,849,052$3,625,282$7,151,161
53$13,611,421$5,049,532$3,709,605$7,650,206
54$14,961,492$5,258,665$3,795,583$8,192,178
55$16,448,065$5,476,840$3,883,235$8,781,161
56$18,085,023$5,704,461$3,972,579$9,421,644
57$19,887,668$5,941,953$4,063,633$10,118,561
58$21,872,859$6,189,757$4,156,414$10,877,338
59$24,059,174$6,448,338$4,250,937$11,703,940
60$26,467,084$6,718,181$4,347,218$12,604,927
61$29,119,148$6,999,794$4,445,271$13,587,513
62$32,040,224$7,293,706$4,545,110$14,659,633
63$35,257,704$7,600,475$4,646,749$15,830,019
64$38,801,772$7,920,681$4,750,197$17,108,271
65$42,705,690$8,254,931$4,855,466$18,504,958
66$47,006,112$8,603,864$4,962,565$20,031,703
67$51,743,426$8,968,144$5,071,501$21,701,301
68$56,962,140$9,348,468$5,182,282$23,527,830
69$62,711,302$9,745,566$5,294,912$25,526,785
70$69,044,957$10,160,202$5,409,394$27,715,220
71$76,022,664$10,593,173$5,525,730$30,111,906
72$83,710,054$11,045,316$5,643,920$32,737,507
73$92,179,449$11,517,506$5,763,960$35,614,769
74$101,510,548$12,010,659$5,885,848$38,768,736
75$111,791,176$12,525,733$6,009,576$42,226,976
76$123,118,114$13,063,733$6,135,135$46,019,846
77$135,598,014$13,625,708$6,262,515$50,180,769
78$149,348,401$14,212,758$6,391,699$54,746,548
79$164,498,790$14,826,034$6,522,672$59,757,708
80$181,191,898$15,466,742$6,655,414$65,258,875
81$199,585,002$16,136,142$6,789,900$71,299,196
82$219,851,416$16,835,557$6,926,106$77,932,792
83$242,182,129$17,566,368$7,063,999$85,219,269
84$266,787,610$18,330,024$7,203,547$93,224,275
85$293,899,791$19,128,040$7,344,711$102,020,113
86$323,774,261$19,962,005$7,487,449$111,686,418
87$356,692,671$20,833,579$7,631,715$122,310,904
88$392,965,403$21,744,504$7,777,456$133,990,189
89$432,934,491$22,696,601$7,924,618$146,830,694
90$476,976,854$23,691,780$8,073,138$160,949,647
91$525,507,855$24,732,038$8,222,949$176,476,179
92$578,985,217$25,819,469$8,373,979$193,552,540
93$637,913,350$26,956,265$8,526,149$212,335,431
94$702,848,110$28,144,720$8,679,373$232,997,476
95$774,402,045$29,387,238$8,833,559$255,728,845
96$853,250,179$30,686,338$8,988,609$280,739,040
97$940,136,384$32,044,656$9,144,415$308,258,862
98$1,035,880,406$33,464,955$9,300,863$338,542,583
99$1,141,385,596$34,950,127$9,457,831$371,870,339
100$1,257,647,446$36,503,201$9,615,187$408,550,756