Can I retire at age 35 with 2,420,000?

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 $2,420,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$199,841$198,061$196,325$194,629$192,974$189,543
2 years$98,931$97,089$95,303$93,572$91,892$88,448
3 years$65,299$63,449$61,667$59,952$58,300$54,949
4 years$48,486$46,641$44,878$43,192$41,580$38,348
5 years$38,401$36,567$34,827$33,176$31,609$28,505
6 years$31,680$29,860$28,146$26,531$25,011$22,039
7 years$26,881$25,076$23,389$21,813$20,341$17,501
8 years$23,283$21,495$19,836$18,298$16,874$14,167
9 years$20,487$18,715$17,085$15,586$14,211$11,634
10 years$18,251$16,497$14,895$13,435$12,108$9,660
11 years$16,423$14,686$13,113$11,693$10,413$8,090
12 years$14,900$13,181$11,638$10,256$9,024$6,823
13 years$13,613$11,912$10,397$9,055$7,869$5,788
14 years$12,510$10,828$9,342$8,038$6,898$4,932
15 years$11,556$9,891$8,435$7,168$6,074$4,219
16 years$10,722$9,075$7,647$6,418$5,368$3,620
17 years$9,986$8,358$6,959$5,767$4,760$3,115
18 years$9,333$7,723$6,352$5,197$4,232$2,687
19 years$8,749$7,158$5,815$4,696$3,772$2,322
20 years$8,225$6,651$5,337$4,253$3,369$2,010
21 years$7,751$6,195$4,909$3,860$3,015$1,742
22 years$7,320$5,783$4,524$3,510$2,703$1,512
23 years$6,928$5,409$4,177$3,196$2,426$1,314
24 years$6,569$5,068$3,863$2,915$2,181$1,143
25 years$6,239$4,756$3,578$2,662$1,962$994
26 years$5,935$4,470$3,319$2,434$1,767$866
27 years$5,654$4,207$3,082$2,228$1,594$755
28 years$5,394$3,964$2,865$2,041$1,438$658
29 years$5,152$3,739$2,666$1,872$1,298$574
30 years$4,926$3,531$2,483$1,718$1,173$501
31 years$4,716$3,338$2,315$1,578$1,061$437
32 years$4,519$3,159$2,160$1,450$959$382
33 years$4,334$2,991$2,017$1,334$868$333
34 years$4,160$2,835$1,884$1,227$786$291
35 years$3,997$2,689$1,762$1,129$712$254
36 years$3,844$2,552$1,648$1,040$645$222
37 years$3,698$2,424$1,543$958$585$194
38 years$3,561$2,304$1,445$883$530$170
39 years$3,432$2,191$1,353$815$481$148
40 years$3,309$2,084$1,269$751$436$130
41 years$3,192$1,984$1,190$693$396$113
42 years$3,081$1,890$1,116$640$359$99
43 years$2,976$1,800$1,047$591$326$87
44 years$2,875$1,716$983$545$296$76
45 years$2,780$1,636$923$504$268$66
46 years$2,689$1,561$867$465$244$58
47 years$2,602$1,490$814$430$221$51
48 years$2,518$1,422$765$397$201$44
49 years$2,439$1,358$719$367$183$39
50 years$2,363$1,297$676$339$166$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $2,420,000, adding $6,785 every year, while hoping to spend $24,493 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: 84/9/7 Blend
34$2,420,000$2,420,000$2,420,000$2,420,000
35$2,673,839$2,545,579$2,508,069$2,896,246
36$2,920,510$2,644,252$2,566,029$3,141,150
37$3,191,521$2,746,939$2,625,109$3,406,064
38$3,489,328$2,853,811$2,685,323$3,696,262
39$3,816,638$2,965,046$2,746,679$4,014,267
40$4,176,432$3,080,831$2,809,191$4,362,859
41$4,571,997$3,201,360$2,872,867$4,745,097
42$5,006,950$3,326,836$2,937,718$5,164,351
43$5,485,280$3,457,472$3,003,752$5,624,333
44$6,011,379$3,593,489$3,070,979$6,129,132
45$6,590,089$3,735,119$3,139,405$6,683,251
46$7,226,742$3,882,603$3,209,039$7,291,650
47$7,927,214$4,036,195$3,279,886$7,959,792
48$8,697,979$4,196,158$3,351,952$8,693,696
49$9,546,171$4,362,769$3,425,241$9,499,993
50$10,479,651$4,536,314$3,499,756$10,385,985
51$11,507,078$4,717,097$3,575,501$11,359,719
52$12,637,996$4,905,430$3,652,476$12,430,056
53$13,882,918$5,101,643$3,730,681$13,606,763
54$15,253,433$5,306,080$3,810,115$14,900,597
55$16,762,305$5,519,100$3,890,776$16,323,409
56$18,423,602$5,741,078$3,972,659$17,888,256
57$20,252,825$5,972,407$4,055,759$19,609,524
58$22,267,054$6,213,496$4,140,068$21,503,062
59$24,485,110$6,464,774$4,225,577$23,586,332
60$26,927,733$6,726,690$4,312,276$25,878,573
61$29,617,776$6,999,711$4,400,151$28,400,985
62$32,580,420$7,284,328$4,489,187$31,176,922
63$35,843,416$7,581,053$4,579,367$34,232,120
64$39,437,340$7,890,420$4,670,672$37,594,932
65$43,395,889$8,212,991$4,763,080$41,296,601
66$47,756,191$8,549,349$4,856,565$45,371,551
67$52,559,163$8,900,108$4,951,100$49,857,713
68$57,849,892$9,265,907$5,046,655$54,796,881
69$63,678,059$9,647,415$5,143,197$60,235,106
70$70,098,416$10,045,333$5,240,689$66,223,134
71$77,171,292$10,460,392$5,339,090$72,816,876
72$84,963,171$10,893,358$5,438,357$80,077,945
73$93,547,315$11,345,033$5,538,442$88,074,230
74$103,004,455$11,816,254$5,639,294$96,880,539
75$113,423,556$12,307,897$5,740,856$106,579,303
76$124,902,653$12,820,879$5,843,070$117,261,353
77$137,549,781$13,356,158$5,945,869$129,026,781
78$151,483,987$13,914,739$6,049,185$141,985,878
79$166,836,463$14,497,670$6,152,941$156,260,177
80$183,751,776$15,106,049$6,257,059$171,983,602
81$202,389,237$15,741,026$6,361,451$189,303,724
82$222,924,406$16,403,803$6,466,025$208,383,164
83$245,550,742$17,095,636$6,570,685$229,401,115
84$270,481,439$17,817,843$6,675,323$252,555,041
85$297,951,429$18,571,801$6,779,830$278,062,540
86$328,219,606$19,358,950$6,884,085$306,163,390
87$361,571,266$20,180,800$6,987,963$337,121,818
88$398,320,804$21,038,927$7,091,328$371,228,993
89$438,814,676$21,934,985$7,194,038$408,805,769
90$483,434,676$22,870,702$7,295,941$450,205,716
91$532,601,534$23,847,887$7,396,876$495,818,456
92$586,778,891$24,868,435$7,496,673$546,073,340
93$646,477,678$25,934,328$7,595,151$601,443,499
94$712,260,932$27,047,641$7,692,119$662,450,309
95$784,749,117$28,210,546$7,787,375$729,668,312
96$864,625,981$29,425,316$7,880,706$803,730,639
97$952,645,007$30,694,333$7,971,886$885,334,983
98$1,049,636,530$32,020,088$8,060,676$975,250,187
99$1,156,515,573$33,405,189$8,146,826$1,074,323,499
100$1,274,290,486$34,852,367$8,230,069$1,183,488,566