Can I retire at age 35 with 2,930,000?

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 $2,930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$241,957$239,801$237,699$235,646$233,642$228,272
2 years$119,781$117,550$115,388$113,292$111,258$105,878
3 years$79,060$76,820$74,664$72,587$70,587$65,364
4 years$58,704$56,471$54,336$52,295$50,343$45,318
5 years$46,494$44,274$42,167$40,167$38,270$33,457
6 years$38,356$36,153$34,077$32,122$30,282$25,685
7 years$32,546$30,361$28,318$26,409$24,627$20,248
8 years$28,190$26,025$24,016$22,154$20,431$16,267
9 years$24,804$22,660$20,685$18,870$17,206$13,255
10 years$22,097$19,973$18,034$16,267$14,660$10,918
11 years$19,884$17,781$15,877$14,157$12,608$9,069
12 years$18,040$15,959$14,090$12,417$10,926$7,585
13 years$16,482$14,423$12,589$10,963$9,528$6,378
14 years$15,147$13,110$11,311$9,731$8,352$5,387
15 years$13,991$11,976$10,212$8,679$7,354$4,567
16 years$12,981$10,988$9,259$7,771$6,499$3,883
17 years$12,091$10,119$8,425$6,982$5,763$3,311
18 years$11,300$9,351$7,691$6,292$5,124$2,828
19 years$10,593$8,666$7,041$5,686$4,567$2,421
20 years$9,958$8,053$6,462$5,149$4,079$2,075
21 years$9,384$7,501$5,944$4,673$3,651$1,781
22 years$8,863$7,002$5,478$4,249$3,272$1,530
23 years$8,388$6,549$5,058$3,870$2,937$1,316
24 years$7,953$6,136$4,678$3,530$2,640$1,133
25 years$7,554$5,758$4,332$3,223$2,376$976
26 years$7,186$5,412$4,018$2,947$2,140$841
27 years$6,846$5,093$3,731$2,698$1,929$725
28 years$6,530$4,799$3,469$2,472$1,741$626
29 years$6,237$4,527$3,228$2,267$1,572$540
30 years$5,964$4,276$3,007$2,080$1,420$466
31 years$5,709$4,042$2,803$1,910$1,284$403
32 years$5,471$3,824$2,615$1,756$1,162$348
33 years$5,247$3,622$2,442$1,615$1,051$300
34 years$5,037$3,433$2,282$1,486$952$260
35 years$4,840$3,256$2,133$1,368$862$224
36 years$4,654$3,090$1,995$1,259$781$194
37 years$4,478$2,935$1,868$1,160$708$168
38 years$4,312$2,789$1,749$1,070$642$145
39 years$4,155$2,652$1,639$986$582$125
40 years$4,006$2,524$1,536$910$528$108
41 years$3,865$2,402$1,440$839$479$94
42 years$3,730$2,288$1,351$775$435$81
43 years$3,603$2,180$1,268$715$394$70
44 years$3,481$2,078$1,190$660$358$61
45 years$3,366$1,981$1,117$610$325$52
46 years$3,255$1,890$1,049$563$295$45
47 years$3,150$1,804$986$520$268$39
48 years$3,049$1,722$926$481$243$34
49 years$2,953$1,644$871$444$221$29
50 years$2,861$1,571$819$411$201$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $2,930,000, adding $5,943 every year, while hoping to spend $45,724 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: 61/12/27 Blend
34$2,930,000$2,930,000$2,930,000$2,930,000
35$3,234,990$3,079,700$3,034,285$3,408,527
36$3,516,309$3,181,956$3,087,284$3,629,522
37$3,824,790$3,287,689$3,140,525$3,865,174
38$4,163,156$3,397,022$3,193,970$4,121,428
39$4,534,404$3,510,083$3,247,574$4,400,305
40$4,941,837$3,627,001$3,301,292$4,704,027
41$5,389,094$3,747,914$3,355,075$5,035,044
42$5,880,182$3,872,961$3,408,870$5,396,053
43$6,419,514$4,002,291$3,462,621$5,790,024
44$7,011,955$4,136,053$3,516,269$6,220,230
45$7,662,860$4,274,405$3,569,750$6,690,272
46$8,378,132$4,417,511$3,622,996$7,204,121
47$9,164,272$4,565,540$3,675,937$7,766,148
48$10,028,442$4,718,666$3,728,496$8,381,169
49$10,978,535$4,877,072$3,780,592$9,054,489
50$12,023,243$5,040,947$3,832,140$9,791,952
51$13,172,147$5,210,485$3,883,048$10,599,998
52$14,435,797$5,385,891$3,933,223$11,485,718
53$15,825,824$5,567,374$3,982,560$12,456,929
54$17,355,036$5,755,154$4,030,955$13,522,238
55$19,037,550$5,949,457$4,078,292$14,691,132
56$20,888,918$6,150,518$4,124,452$15,974,062
57$22,926,276$6,358,582$4,169,310$17,382,543
58$25,168,505$6,573,901$4,212,731$18,929,262
59$27,636,409$6,796,739$4,254,574$20,628,197
60$30,352,913$7,027,369$4,294,692$22,494,753
61$33,343,273$7,266,074$4,332,928$24,545,900
62$36,635,323$7,513,147$4,369,117$26,800,338
63$40,259,730$7,768,895$4,403,086$29,278,674
64$44,250,286$8,033,635$4,434,653$32,003,613
65$48,644,226$8,307,694$4,463,625$35,000,172
66$53,482,581$8,591,415$4,489,800$38,295,921
67$58,810,563$8,885,153$4,512,967$41,921,237
68$64,677,991$9,189,276$4,532,902$45,909,594
69$71,139,762$9,504,166$4,549,370$50,297,878
70$78,256,369$9,830,222$4,562,125$55,126,736
71$86,094,471$10,167,855$4,570,909$60,440,957
72$94,727,522$10,517,495$4,575,449$66,289,896
73$104,236,464$10,879,587$4,575,461$72,727,942
74$114,710,490$11,254,593$4,570,646$79,815,026
75$126,247,887$11,642,995$4,560,689$87,617,193
76$138,956,961$12,045,292$4,545,262$96,207,219
77$152,957,063$12,462,002$4,524,020$105,665,304
78$168,379,709$12,893,666$4,496,601$116,079,823
79$185,369,827$13,340,844$4,462,625$127,548,166
80$204,087,122$13,804,118$4,421,696$140,177,650
81$224,707,583$14,284,094$4,373,397$154,086,541
82$247,425,144$14,781,402$4,317,292$169,405,162
83$272,453,513$15,296,695$4,252,926$186,277,129
84$300,028,193$15,830,655$4,179,821$204,860,703
85$330,408,699$16,383,987$4,097,475$225,330,287
86$363,881,012$16,957,429$4,005,367$247,878,068
87$400,760,276$17,551,743$3,902,947$272,715,836
88$441,393,772$18,167,727$3,789,644$300,076,983
89$486,164,197$18,806,205$3,664,857$330,218,702
90$535,493,275$19,468,040$3,527,960$363,424,418
91$589,845,740$20,154,124$3,378,297$400,006,465
92$649,733,719$20,865,390$3,215,184$440,309,031
93$715,721,569$21,602,804$3,037,903$484,711,411
94$788,431,202$22,367,375$2,845,706$533,631,586
95$868,547,958$23,160,150$2,637,810$587,530,168
96$956,827,071$23,982,219$2,413,399$646,914,752
97$1,054,100,802$24,834,717$2,171,617$712,344,703
98$1,161,286,290$25,718,824$1,911,572$784,436,443
99$1,279,394,215$26,635,770$1,632,333$863,869,266
100$1,409,538,334$27,586,833$1,332,926$951,391,752