Can I retire at age 35 with 293,000?

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 $293,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$24,196$23,980$23,770$23,565$23,364$23,139
2 years$11,978$11,755$11,539$11,329$11,126$10,899
3 years$7,906$7,682$7,466$7,259$7,059$6,838
4 years$5,870$5,647$5,434$5,229$5,034$4,820
5 years$4,649$4,427$4,217$4,017$3,827$3,621
6 years$3,836$3,615$3,408$3,212$3,028$2,830
7 years$3,255$3,036$2,832$2,641$2,463$2,272
8 years$2,819$2,603$2,402$2,215$2,043$1,861
9 years$2,480$2,266$2,069$1,887$1,721$1,546
10 years$2,210$1,997$1,803$1,627$1,466$1,300
11 years$1,988$1,778$1,588$1,416$1,261$1,102
12 years$1,804$1,596$1,409$1,242$1,093$941
13 years$1,648$1,442$1,259$1,096$953$809
14 years$1,515$1,311$1,131$973$835$699
15 years$1,399$1,198$1,021$868$735$606
16 years$1,298$1,099$926$777$650$527
17 years$1,209$1,012$843$698$576$460
18 years$1,130$935$769$629$512$403
19 years$1,059$867$704$569$457$353
20 years$996$805$646$515$408$310
21 years$938$750$594$467$365$273
22 years$886$700$548$425$327$241
23 years$839$655$506$387$294$212
24 years$795$614$468$353$264$187
25 years$755$576$433$322$238$166
26 years$719$541$402$295$214$147
27 years$685$509$373$270$193$130
28 years$653$480$347$247$174$115
29 years$624$453$323$227$157$102
30 years$596$428$301$208$142$90
31 years$571$404$280$191$128$80
32 years$547$382$262$176$116$71
33 years$525$362$244$161$105$63
34 years$504$343$228$149$95$56
35 years$484$326$213$137$86$50
36 years$465$309$200$126$78$44
37 years$448$294$187$116$71$39
38 years$431$279$175$107$64$35
39 years$415$265$164$99$58$31
40 years$401$252$154$91$53$28
41 years$386$240$144$84$48$25
42 years$373$229$135$77$43$22
43 years$360$218$127$71$39$20
44 years$348$208$119$66$36$17
45 years$337$198$112$61$32$15
46 years$326$189$105$56$30$14
47 years$315$180$99$52$27$12
48 years$305$172$93$48$24$11
49 years$295$164$87$44$22$10
50 years$286$157$82$41$20$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $293,000, adding $4,208 every year, while hoping to spend $22,229 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: 37/39/24 Blend
34$293,000$293,000$293,000$293,000
35$327,227$311,698$307,156$336,847
36$336,952$303,319$293,794$335,887
37$346,925$293,785$279,240$332,491
38$357,146$283,016$263,429$328,381
39$367,617$270,926$246,297$323,507
40$378,339$257,426$227,772$317,814
41$389,311$242,421$207,784$311,245
42$400,532$225,811$186,256$303,742
43$412,000$207,489$163,109$295,239
44$423,712$187,345$138,261$285,670
45$435,664$165,258$111,627$274,963
46$447,850$141,104$83,115$263,042
47$460,263$114,751$52,631$249,827
48$472,895$86,058$20,079$235,232
49$485,733$54,878$0$219,169
50$498,767$21,056$0$205,294
51$511,980$0$0$195,486
52$525,354$0$0$191,200
53$538,869$0$0$195,986
54$552,499$0$0$200,796
55$566,219$0$0$205,619
56$579,994$0$0$210,440
57$593,789$0$0$215,244
58$607,563$0$0$220,014
59$621,267$0$0$224,729
60$634,849$0$0$229,366
61$648,248$0$0$233,901
62$661,396$0$0$238,303
63$674,216$0$0$242,542
64$686,623$0$0$246,582
65$698,519$0$0$250,381
66$709,798$0$0$253,895
67$720,338$0$0$257,074
68$730,005$0$0$259,861
69$738,648$0$0$262,195
70$746,099$0$0$264,005
71$752,171$0$0$265,215
72$756,657$0$0$265,737
73$759,326$0$0$265,478
74$759,919$0$0$264,329
75$758,151$0$0$262,175
76$753,706$0$0$258,883
77$746,232$0$0$254,310
78$735,338$0$0$248,295
79$720,593$0$0$240,659
80$701,516$0$0$231,206
81$677,577$0$0$219,718
82$648,188$0$0$205,954
83$612,699$0$0$189,646
84$570,390$0$0$170,499
85$520,463$0$0$148,187
86$462,039$0$0$122,348
87$394,143$0$0$92,583
88$315,698$0$0$58,452
89$225,514$0$0$19,467
90$122,276$0$0$0
91$4,532$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0