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

Use the below retirement simulation to view the chances of a successful retirement.
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%16.6%
1 years$193,235$191,514$189,834$188,195$186,595$181,569
2 years$95,661$93,879$92,153$90,479$88,855$83,827
3 years$63,140$61,351$59,629$57,970$56,373$51,501
4 years$46,883$45,100$43,395$41,764$40,206$35,526
5 years$37,132$35,359$33,676$32,079$30,564$26,090
6 years$30,633$28,873$27,215$25,654$24,184$19,921
7 years$25,992$24,247$22,616$21,092$19,668$15,616
8 years$22,514$20,785$19,180$17,693$16,317$12,472
9 years$19,810$18,097$16,520$15,071$13,741$10,102
10 years$17,647$15,951$14,402$12,991$11,708$8,269
11 years$15,880$14,201$12,680$11,306$10,069$6,825
12 years$14,408$12,746$11,253$9,917$8,726$5,671
13 years$13,163$11,518$10,054$8,755$7,609$4,736
14 years$12,097$10,470$9,033$7,772$6,670$3,973
15 years$11,174$9,564$8,156$6,931$5,873$3,345
16 years$10,367$8,775$7,394$6,206$5,190$2,824
17 years$9,656$8,082$6,729$5,576$4,602$2,390
18 years$9,024$7,468$6,142$5,025$4,092$2,027
19 years$8,460$6,921$5,623$4,541$3,647$1,722
20 years$7,953$6,431$5,161$4,112$3,258$1,465
21 years$7,495$5,991$4,747$3,732$2,915$1,248
22 years$7,078$5,592$4,375$3,394$2,613$1,064
23 years$6,699$5,230$4,039$3,091$2,346$908
24 years$6,352$4,900$3,736$2,819$2,108$775
25 years$6,033$4,599$3,460$2,574$1,897$662
26 years$5,739$4,322$3,209$2,354$1,709$566
27 years$5,467$4,067$2,980$2,154$1,541$484
28 years$5,215$3,833$2,770$1,974$1,390$414
29 years$4,981$3,616$2,578$1,810$1,255$355
30 years$4,763$3,415$2,401$1,661$1,134$304
31 years$4,560$3,228$2,239$1,526$1,026$260
32 years$4,369$3,054$2,089$1,402$928$223
33 years$4,191$2,893$1,950$1,289$840$191
34 years$4,023$2,741$1,822$1,186$760$164
35 years$3,865$2,600$1,704$1,092$688$140
36 years$3,716$2,468$1,594$1,006$624$120
37 years$3,576$2,344$1,492$927$565$103
38 years$3,444$2,228$1,397$854$513$88
39 years$3,318$2,118$1,309$788$465$76
40 years$3,199$2,015$1,227$726$422$65
41 years$3,086$1,918$1,150$670$382$56
42 years$2,979$1,827$1,079$619$347$48
43 years$2,877$1,741$1,012$571$315$41
44 years$2,780$1,659$950$527$286$35
45 years$2,688$1,582$892$487$260$30
46 years$2,600$1,510$838$450$236$26
47 years$2,516$1,441$787$416$214$22
48 years$2,435$1,375$740$384$194$19
49 years$2,358$1,313$695$355$177$16
50 years$2,285$1,254$654$328$160$14

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 $2,633 every year, while hoping to spend $42,254 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: 62/22/16 Blend
34$2,340,000$2,340,000$2,340,000$2,340,000
35$2,581,396$2,457,376$2,421,106$2,730,965
36$2,799,740$2,532,829$2,457,255$2,907,321
37$3,038,940$2,610,564$2,493,199$3,094,748
38$3,301,077$2,690,647$2,528,886$3,298,349
39$3,588,445$2,773,147$2,564,262$3,519,699
40$3,903,570$2,858,135$2,599,269$3,760,531
41$4,249,235$2,945,684$2,633,845$4,022,753
42$4,628,504$3,035,870$2,667,926$4,308,464
43$5,044,753$3,128,769$2,701,443$4,619,979
44$5,501,700$3,224,460$2,734,323$4,959,844
45$6,003,440$3,323,026$2,766,490$5,330,863
46$6,554,485$3,424,549$2,797,862$5,736,125
47$7,159,806$3,529,115$2,828,354$6,179,032
48$7,824,878$3,636,813$2,857,875$6,663,330
49$8,555,733$3,747,734$2,886,331$7,193,145
50$9,359,015$3,861,970$2,913,620$7,773,024
51$10,242,046$3,979,618$2,939,638$8,407,973
52$11,212,890$4,100,775$2,964,272$9,103,506
53$12,280,435$4,225,544$2,987,405$9,865,699
54$13,454,471$4,354,026$3,008,914$10,701,245
55$14,745,782$4,486,329$3,028,669$11,617,517
56$16,166,255$4,622,562$3,046,532$12,622,638
57$17,728,983$4,762,837$3,062,360$13,725,555
58$19,448,393$4,907,270$3,076,003$14,936,128
59$21,340,380$5,055,978$3,087,300$16,265,219
60$23,422,460$5,209,082$3,096,087$17,724,795
61$25,713,932$5,366,707$3,102,186$19,328,042
62$28,236,058$5,528,981$3,105,414$21,089,487
63$31,012,270$5,696,035$3,105,579$23,025,138
64$34,068,383$5,868,002$3,102,478$25,152,630
65$37,432,845$6,045,021$3,095,898$27,491,397
66$41,137,000$6,227,233$3,085,616$30,062,851
67$45,215,389$6,414,782$3,071,399$32,890,587
68$49,706,070$6,607,818$3,053,002$36,000,600
69$54,650,979$6,806,491$3,030,168$39,421,537
70$60,096,329$7,010,958$3,002,628$43,184,963
71$66,093,038$7,221,380$2,970,100$47,325,660
72$72,697,219$7,437,918$2,932,289$51,881,954
73$79,970,702$7,660,742$2,888,887$56,896,078
74$87,981,618$7,890,023$2,839,569$62,414,568
75$96,805,045$8,125,937$2,783,997$68,488,707
76$106,523,715$8,368,663$2,721,816$75,175,002
77$117,228,793$8,618,386$2,652,656$82,535,723
78$129,020,738$8,875,295$2,576,128$90,639,487
79$142,010,252$9,139,583$2,491,827$99,561,908
80$156,319,322$9,411,447$2,399,327$109,386,309
81$172,082,374$9,691,089$2,298,186$120,204,507
82$189,447,539$9,978,716$2,187,938$132,117,685
83$208,578,053$10,274,538$2,068,100$145,237,339
84$229,653,796$10,578,772$1,938,163$159,686,337
85$252,872,990$10,891,638$1,797,597$175,600,077
86$278,454,068$11,213,362$1,645,850$193,127,761
87$306,637,739$11,544,173$1,482,342$212,433,809
88$337,689,257$11,884,306$1,306,470$233,699,409
89$371,900,926$12,234,002$1,117,601$257,124,225
90$409,594,858$12,593,504$915,077$282,928,285
91$451,126,011$12,963,064$698,210$311,354,056
92$496,885,545$13,342,935$466,281$342,668,734
93$547,304,509$13,733,377$218,540$377,166,765
94$602,857,911$14,134,655$0$415,172,626
95$664,069,203$14,547,039$0$457,051,715
96$731,515,221$14,970,802$0$503,230,569
97$805,831,627$15,406,225$0$554,106,215
98$887,718,915$15,853,592$0$610,157,321
99$977,949,019$16,313,193$0$671,911,371
100$1,077,372,601$16,785,321$0$739,949,638