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%15.8%
1 years$193,235$191,514$189,834$188,195$186,595$182,158
2 years$95,661$93,879$92,153$90,479$88,855$84,411
3 years$63,140$61,351$59,629$57,970$56,373$52,061
4 years$46,883$45,100$43,395$41,764$40,206$36,058
5 years$37,132$35,359$33,676$32,079$30,564$26,592
6 years$30,633$28,873$27,215$25,654$24,184$20,393
7 years$25,992$24,247$22,616$21,092$19,668$16,058
8 years$22,514$20,785$19,180$17,693$16,317$12,886
9 years$19,810$18,097$16,520$15,071$13,741$10,487
10 years$17,647$15,951$14,402$12,991$11,708$8,627
11 years$15,880$14,201$12,680$11,306$10,069$7,158
12 years$14,408$12,746$11,253$9,917$8,726$5,978
13 years$13,163$11,518$10,054$8,755$7,609$5,020
14 years$12,097$10,470$9,033$7,772$6,670$4,234
15 years$11,174$9,564$8,156$6,931$5,873$3,585
16 years$10,367$8,775$7,394$6,206$5,190$3,044
17 years$9,656$8,082$6,729$5,576$4,602$2,591
18 years$9,024$7,468$6,142$5,025$4,092$2,210
19 years$8,460$6,921$5,623$4,541$3,647$1,889
20 years$7,953$6,431$5,161$4,112$3,258$1,617
21 years$7,495$5,991$4,747$3,732$2,915$1,386
22 years$7,078$5,592$4,375$3,394$2,613$1,189
23 years$6,699$5,230$4,039$3,091$2,346$1,021
24 years$6,352$4,900$3,736$2,819$2,108$877
25 years$6,033$4,599$3,460$2,574$1,897$754
26 years$5,739$4,322$3,209$2,354$1,709$649
27 years$5,467$4,067$2,980$2,154$1,541$559
28 years$5,215$3,833$2,770$1,974$1,390$481
29 years$4,981$3,616$2,578$1,810$1,255$415
30 years$4,763$3,415$2,401$1,661$1,134$357
31 years$4,560$3,228$2,239$1,526$1,026$308
32 years$4,369$3,054$2,089$1,402$928$266
33 years$4,191$2,893$1,950$1,289$840$229
34 years$4,023$2,741$1,822$1,186$760$198
35 years$3,865$2,600$1,704$1,092$688$171
36 years$3,716$2,468$1,594$1,006$624$147
37 years$3,576$2,344$1,492$927$565$127
38 years$3,444$2,228$1,397$854$513$110
39 years$3,318$2,118$1,309$788$465$95
40 years$3,199$2,015$1,227$726$422$82
41 years$3,086$1,918$1,150$670$382$70
42 years$2,979$1,827$1,079$619$347$61
43 years$2,877$1,741$1,012$571$315$53
44 years$2,780$1,659$950$527$286$45
45 years$2,688$1,582$892$487$260$39
46 years$2,600$1,510$838$450$236$34
47 years$2,516$1,441$787$416$214$29
48 years$2,435$1,375$740$384$194$25
49 years$2,358$1,313$695$355$177$22
50 years$2,285$1,254$654$328$160$19

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 $4,312 every year, while hoping to spend $56,951 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: 85/7/8 Blend
34$2,340,000$2,340,000$2,340,000$2,340,000
35$2,583,128$2,459,108$2,422,838$2,800,096
36$2,786,011$2,519,009$2,443,407$3,002,273
37$3,007,680$2,579,936$2,462,757$3,216,161
38$3,249,991$2,641,880$2,480,787$3,449,355
39$3,514,986$2,704,828$2,497,389$3,703,759
40$3,804,916$2,768,766$2,512,453$3,981,471
41$4,122,257$2,833,675$2,525,860$4,284,801
42$4,469,739$2,899,537$2,537,488$4,616,291
43$4,850,364$2,966,326$2,547,206$4,978,744
44$5,267,442$3,034,017$2,554,878$5,375,246
45$5,724,616$3,102,578$2,560,361$5,809,195
46$6,225,898$3,171,976$2,563,504$6,284,336
47$6,775,708$3,242,171$2,564,150$6,804,792
48$7,378,913$3,313,121$2,562,132$7,375,107
49$8,040,876$3,384,778$2,557,278$8,000,285
50$8,767,503$3,457,089$2,549,404$8,685,841
51$9,565,300$3,529,997$2,538,320$9,437,847
52$10,441,432$3,603,439$2,523,825$10,262,997
53$11,403,794$3,677,344$2,505,710$11,168,661
54$12,461,083$3,751,636$2,483,753$12,162,964
55$13,622,880$3,826,233$2,457,726$13,254,855
56$14,899,740$3,901,044$2,427,385$14,454,194
57$16,303,290$3,975,972$2,392,479$15,771,844
58$17,846,341$4,050,910$2,352,743$17,219,777
59$19,543,007$4,125,744$2,307,899$18,811,182
60$21,408,838$4,200,349$2,257,657$20,560,592
61$23,460,965$4,274,592$2,201,715$22,484,018
62$25,718,265$4,348,328$2,139,754$24,599,107
63$28,201,534$4,421,402$2,071,441$26,925,300
64$30,933,687$4,493,647$1,996,431$29,484,020
65$33,939,970$4,564,883$1,914,359$32,298,873
66$37,248,203$4,634,918$1,824,846$35,395,872
67$40,889,035$4,703,545$1,727,494$38,803,679
68$44,896,240$4,770,542$1,621,888$42,553,879
69$49,307,031$4,835,673$1,507,596$46,681,278
70$54,162,410$4,898,683$1,384,162$51,224,226
71$59,507,560$4,959,302$1,251,115$56,224,986
72$65,392,262$5,017,239$1,107,959$61,730,130
73$71,871,375$5,072,186$954,178$67,790,976
74$79,005,344$5,123,812$789,231$74,464,076
75$86,860,775$5,171,765$612,556$81,811,748
76$95,511,062$5,215,669$423,565$89,902,664
77$105,037,079$5,255,125$221,643$98,812,498
78$115,527,941$5,289,707$6,148$108,624,643
79$127,081,850$5,318,961$0$119,430,995
80$139,807,015$5,342,406$0$131,351,926
81$153,822,674$5,359,528$0$144,481,728
82$169,260,225$5,369,783$0$158,942,912
83$186,264,456$5,372,591$0$174,871,062
84$204,994,919$5,367,336$0$192,415,584
85$225,627,431$5,353,366$0$211,741,118
86$248,355,735$5,329,987$0$233,029,092
87$273,393,326$5,296,462$0$256,479,433
88$300,975,469$5,252,013$0$282,312,457
89$331,361,415$5,195,810$0$310,770,942
90$364,836,851$5,126,976$0$342,122,429
91$401,716,594$5,044,581$0$376,661,736
92$442,347,561$4,947,640$0$414,713,751
93$487,112,046$4,835,109$0$456,636,492
94$536,431,328$4,705,882$0$502,824,487
95$590,769,643$4,558,790$0$553,712,503
96$650,638,569$4,392,593$0$609,779,643
97$716,601,854$4,205,981$0$671,553,873
98$789,280,736$3,997,567$0$739,617,006
99$869,359,807$3,765,884$0$814,610,191
100$957,593,475$3,509,379$0$897,239,969