Can I retire at age 35 with 2,940,000?

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 $2,940,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$242,782$240,620$238,510$236,451$234,440$227,208
2 years$120,189$117,951$115,782$113,678$111,638$104,416
3 years$79,330$77,082$74,918$72,835$70,828$63,841
4 years$58,905$56,664$54,521$52,473$50,515$43,817
5 years$46,653$44,425$42,311$40,305$38,401$32,010
6 years$38,487$36,276$34,193$32,232$30,385$24,308
7 years$32,657$30,465$28,415$26,500$24,711$18,946
8 years$28,287$26,114$24,098$22,230$20,500$15,044
9 years$24,889$22,737$20,756$18,935$17,264$12,111
10 years$22,172$20,041$18,095$16,322$14,710$9,852
11 years$19,951$17,842$15,931$14,205$12,651$8,079
12 years$18,102$16,014$14,138$12,460$10,963$6,669
13 years$16,538$14,472$12,632$11,000$9,560$5,532
14 years$15,199$13,154$11,349$9,765$8,380$4,609
15 years$14,039$12,017$10,247$8,708$7,379$3,853
16 years$13,025$11,025$9,290$7,797$6,521$3,230
17 years$12,132$10,154$8,454$7,006$5,782$2,713
18 years$11,338$9,383$7,717$6,314$5,141$2,284
19 years$10,629$8,696$7,065$5,705$4,583$1,926
20 years$9,992$8,080$6,484$5,167$4,093$1,626
21 years$9,416$7,527$5,964$4,689$3,663$1,374
22 years$8,893$7,026$5,497$4,264$3,283$1,163
23 years$8,417$6,571$5,075$3,883$2,947$984
24 years$7,981$6,157$4,694$3,542$2,649$834
25 years$7,580$5,778$4,347$3,234$2,384$707
26 years$7,210$5,430$4,032$2,957$2,147$600
27 years$6,869$5,110$3,744$2,707$1,936$509
28 years$6,553$4,816$3,480$2,480$1,747$432
29 years$6,259$4,543$3,239$2,274$1,577$367
30 years$5,985$4,290$3,017$2,087$1,425$311
31 years$5,729$4,056$2,813$1,917$1,289$264
32 years$5,489$3,838$2,624$1,762$1,166$225
33 years$5,265$3,634$2,450$1,620$1,055$191
34 years$5,054$3,444$2,289$1,491$955$162
35 years$4,856$3,267$2,140$1,372$865$138
36 years$4,669$3,101$2,002$1,264$784$117
37 years$4,493$2,945$1,874$1,164$710$100
38 years$4,327$2,799$1,755$1,073$644$85
39 years$4,169$2,661$1,644$990$584$72
40 years$4,019$2,532$1,541$913$530$61
41 years$3,878$2,410$1,445$842$481$52
42 years$3,743$2,296$1,356$777$436$44
43 years$3,615$2,187$1,272$717$396$38
44 years$3,493$2,085$1,194$662$359$32
45 years$3,377$1,988$1,121$612$326$27
46 years$3,266$1,897$1,053$565$296$23
47 years$3,161$1,810$989$522$269$20
48 years$3,060$1,728$930$482$244$17
49 years$2,963$1,650$874$446$222$14
50 years$2,870$1,576$821$412$201$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $2,940,000, adding $4,918 every year, while hoping to spend $23,437 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: 74/13/13 Blend
34$2,940,000$2,940,000$2,940,000$2,940,000
35$3,244,953$3,089,133$3,043,563$3,475,940
36$3,551,001$3,215,564$3,120,585$3,755,693
37$3,887,481$3,347,404$3,199,403$4,058,722
38$4,257,472$3,484,894$3,280,050$4,390,096
39$4,664,365$3,628,286$3,362,564$4,752,623
40$5,111,900$3,777,841$3,446,979$5,149,389
41$5,604,194$3,933,836$3,533,333$5,583,797
42$6,145,785$4,096,557$3,621,663$6,059,590
43$6,741,672$4,266,305$3,712,005$6,580,892
44$7,397,364$4,443,395$3,804,399$7,152,243
45$8,118,929$4,628,155$3,898,880$7,778,642
46$8,913,056$4,820,931$3,995,488$8,465,594
47$9,787,112$5,022,081$4,094,262$9,219,164
48$10,749,217$5,231,983$4,195,239$10,046,028
49$11,808,318$5,451,030$4,298,460$10,953,541
50$12,974,270$5,679,635$4,403,963$11,949,803
51$14,257,938$5,918,229$4,511,788$13,043,736
52$15,671,289$6,167,263$4,621,974$14,245,168
53$17,227,511$6,427,210$4,734,561$15,564,923
54$18,941,137$6,698,564$4,849,589$17,014,925
55$20,828,181$6,981,840$4,967,097$18,608,308
56$22,906,286$7,277,582$5,087,126$20,359,540
57$25,194,898$7,586,354$5,209,715$22,284,561
58$27,715,442$7,908,750$5,334,905$24,400,929
59$30,491,527$8,245,388$5,462,734$26,727,986
60$33,549,169$8,596,919$5,593,243$29,287,044
61$36,917,038$8,964,022$5,726,470$32,101,577
62$40,626,724$9,347,406$5,862,454$35,197,451
63$44,713,038$9,747,818$6,001,235$38,603,160
64$49,214,342$10,166,034$6,142,850$42,350,099
65$54,172,906$10,602,872$6,287,337$46,472,855
66$59,635,313$11,059,183$6,434,734$51,009,536
67$65,652,894$11,535,863$6,585,076$56,002,128
68$72,282,214$12,033,844$6,738,401$61,496,893
69$79,585,606$12,554,108$6,894,743$67,544,799
70$87,631,757$13,097,679$7,054,137$74,202,005
71$96,496,361$13,665,630$7,216,615$81,530,388
72$106,262,829$14,259,085$7,382,210$89,598,125
73$117,023,077$14,879,220$7,550,954$98,480,339
74$128,878,396$15,527,267$7,722,877$108,259,801
75$141,940,405$16,204,516$7,898,006$119,027,714
76$156,332,107$16,912,317$8,076,369$130,884,572
77$172,189,045$17,652,084$8,257,991$143,941,106
78$189,660,590$18,425,298$8,442,895$158,319,329
79$208,911,343$19,233,510$8,631,105$174,153,685
80$230,122,691$20,078,344$8,822,639$191,592,316
81$253,494,523$20,961,500$9,017,514$210,798,461
82$279,247,110$21,884,759$9,215,746$231,951,992
83$307,623,189$22,849,986$9,417,348$255,251,113
84$338,890,254$23,859,135$9,622,329$280,914,228
85$373,343,079$24,914,252$9,830,696$309,181,999
86$411,306,501$26,017,479$10,042,453$340,319,618
87$453,138,489$27,171,060$10,257,600$374,619,307
88$499,233,520$28,377,347$10,476,134$412,403,074
89$550,026,303$29,638,801$10,698,049$454,025,753
90$605,995,886$30,958,002$10,923,333$499,878,346
91$667,670,173$32,337,652$11,151,972$550,391,717
92$735,630,913$33,780,579$11,383,945$606,040,653
93$810,519,188$35,289,749$11,619,229$667,348,344
94$893,041,465$36,868,266$11,857,793$734,891,322
95$983,976,268$38,519,385$12,099,602$809,304,896
96$1,084,181,525$40,246,512$12,344,617$891,289,148
97$1,194,602,667$42,053,218$12,592,789$981,615,541
98$1,316,281,558$43,943,244$12,844,065$1,081,134,194
99$1,450,366,321$45,920,508$13,098,386$1,190,781,909
100$1,598,122,188$47,989,115$13,355,684$1,311,591,007