Can I retire at age 35 with 2,920,000?

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 $2,920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$241,131$238,983$236,887$234,842$232,845$229,555
2 years$119,372$117,149$114,994$112,905$110,879$107,570
3 years$78,791$76,558$74,409$72,339$70,346$67,122
4 years$58,504$56,278$54,150$52,116$50,171$47,057
5 years$46,335$44,123$42,023$40,030$38,139$35,144
6 years$38,225$36,030$33,961$32,013$30,178$27,305
7 years$32,435$30,258$28,222$26,319$24,543$21,792
8 years$28,094$25,936$23,934$22,079$20,361$17,733
9 years$24,720$22,582$20,614$18,806$17,147$14,640
10 years$22,022$19,905$17,972$16,211$14,610$12,223
11 years$19,816$17,720$15,822$14,108$12,565$10,295
12 years$17,979$15,905$14,042$12,375$10,889$8,733
13 years$16,425$14,373$12,546$10,925$9,495$7,451
14 years$15,095$13,065$11,272$9,698$8,323$6,388
15 years$13,944$11,935$10,177$8,649$7,329$5,498
16 years$12,937$10,950$9,227$7,744$6,477$4,748
17 years$12,049$10,085$8,396$6,958$5,743$4,112
18 years$11,261$9,319$7,665$6,271$5,106$3,570
19 years$10,557$8,637$7,017$5,666$4,551$3,105
20 years$9,924$8,025$6,440$5,132$4,065$2,706
21 years$9,352$7,475$5,923$4,657$3,638$2,362
22 years$8,833$6,978$5,459$4,235$3,261$2,064
23 years$8,360$6,526$5,041$3,857$2,927$1,806
24 years$7,926$6,115$4,662$3,517$2,631$1,581
25 years$7,528$5,738$4,318$3,212$2,368$1,386
26 years$7,161$5,393$4,004$2,937$2,133$1,216
27 years$6,822$5,076$3,718$2,688$1,923$1,067
28 years$6,508$4,783$3,457$2,463$1,735$937
29 years$6,216$4,512$3,217$2,259$1,567$824
30 years$5,944$4,261$2,996$2,073$1,416$724
31 years$5,690$4,028$2,793$1,904$1,280$637
32 years$5,452$3,811$2,606$1,750$1,158$560
33 years$5,229$3,609$2,434$1,609$1,048$493
34 years$5,020$3,421$2,274$1,480$949$434
35 years$4,823$3,245$2,126$1,363$859$382
36 years$4,638$3,080$1,989$1,255$778$336
37 years$4,463$2,925$1,861$1,156$706$296
38 years$4,297$2,780$1,743$1,066$640$261
39 years$4,140$2,643$1,633$983$580$230
40 years$3,992$2,515$1,531$907$526$202
41 years$3,851$2,394$1,435$836$477$178
42 years$3,718$2,280$1,346$772$433$157
43 years$3,590$2,172$1,263$713$393$139
44 years$3,469$2,071$1,186$658$357$122
45 years$3,354$1,975$1,113$608$324$108
46 years$3,244$1,884$1,046$561$294$95
47 years$3,139$1,798$983$519$267$84
48 years$3,039$1,716$923$479$243$74
49 years$2,943$1,639$868$443$220$65
50 years$2,851$1,565$816$409$200$57

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $2,920,000, adding $3,416 every year, while hoping to spend $54,100 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: 44/46/10 Blend
34$2,920,000$2,920,000$2,920,000$2,920,000
35$3,221,364$3,066,604$3,021,344$3,353,740
36$3,492,381$3,159,305$3,064,997$3,538,718
37$3,789,228$3,254,736$3,108,299$3,733,306
38$4,114,484$3,352,973$3,151,181$3,942,983
39$4,470,987$3,454,093$3,193,571$4,169,157
40$4,861,863$3,558,179$3,235,391$4,413,373
41$5,290,555$3,665,313$3,276,559$4,677,334
42$5,760,857$3,775,578$3,316,989$4,962,910
43$6,276,946$3,889,063$3,356,590$5,272,159
44$6,843,423$4,005,855$3,395,264$5,607,345
45$7,465,356$4,126,047$3,432,909$5,970,961
46$8,148,330$4,249,730$3,469,419$6,365,747
47$8,898,495$4,377,002$3,504,680$6,794,719
48$9,722,626$4,507,960$3,538,571$7,261,199
49$10,628,187$4,642,704$3,570,967$7,768,842
50$11,623,403$4,781,337$3,601,735$8,321,670
51$12,717,331$4,923,963$3,630,734$8,924,112
52$13,919,953$5,070,691$3,657,818$9,581,045
53$15,242,264$5,221,631$3,682,831$10,297,837
54$16,696,378$5,376,895$3,705,609$11,080,401
55$18,295,644$5,536,597$3,725,982$11,935,245
56$20,054,766$5,700,857$3,743,769$12,869,540
57$21,989,947$5,869,794$3,758,780$13,891,179
58$24,119,038$6,043,531$3,770,816$15,008,858
59$26,461,710$6,222,193$3,779,668$16,232,153
60$29,039,634$6,405,910$3,785,116$17,571,613
61$31,876,689$6,594,812$3,786,930$19,038,854
62$34,999,187$6,789,034$3,784,868$20,646,676
63$38,436,118$6,988,710$3,778,675$22,409,175
64$42,219,427$7,193,982$3,768,086$24,341,880
65$46,384,313$7,404,992$3,752,821$26,461,898
66$50,969,560$7,621,884$3,732,588$28,788,076
67$56,017,905$7,844,805$3,707,079$31,341,175
68$61,576,439$8,073,908$3,675,973$34,144,069
69$67,697,051$8,309,345$3,638,934$37,221,958
70$74,436,920$8,551,273$3,595,608$40,602,604
71$81,859,051$8,799,850$3,545,626$44,316,598
72$90,032,870$9,055,239$3,488,600$48,397,642
73$99,034,881$9,317,604$3,424,127$52,882,867
74$108,949,385$9,587,113$3,351,781$57,813,188
75$119,869,277$9,863,936$3,271,120$63,233,683
76$131,896,919$10,148,245$3,181,679$69,194,023
77$145,145,112$10,440,216$3,082,972$75,748,937
78$159,738,153$10,740,026$2,974,492$82,958,728
79$175,813,015$11,047,857$2,855,707$90,889,843
80$193,520,631$11,363,892$2,726,063$99,615,500
81$213,027,328$11,688,314$2,584,978$109,216,375
82$234,516,386$12,021,313$2,431,845$119,781,367
83$258,189,777$12,363,077$2,266,032$131,408,433
84$284,270,065$12,713,798$2,086,874$144,205,515
85$313,002,507$13,073,669$1,893,680$158,291,556
86$344,657,371$13,442,887$1,685,726$173,797,623
87$379,532,482$13,821,648$1,462,257$190,868,143
88$417,956,035$14,210,149$1,222,483$209,662,267
89$460,289,696$14,608,591$965,581$230,355,369
90$506,932,007$15,017,175$690,691$253,140,705
91$558,322,157$15,436,101$396,914$278,231,233
92$614,944,118$15,865,571$83,312$305,861,622
93$677,331,223$16,305,789$0$336,290,471
94$746,071,190$16,756,955$0$369,829,568
95$821,811,678$17,219,272$0$406,777,345
96$905,266,394$17,692,942$0$447,471,064
97$997,221,834$18,178,163$0$492,292,177
98$1,098,544,704$18,675,137$0$541,661,028
99$1,210,190,104$19,184,058$0$596,040,820
100$1,333,210,540$19,705,123$0$655,941,987