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

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 $2,940,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$242,782$240,620$238,510$236,451$234,440$228,402
2 years$120,189$117,951$115,782$113,678$111,638$105,595
3 years$79,330$77,082$74,918$72,835$70,828$64,969
4 years$58,905$56,664$54,521$52,473$50,515$44,885
5 years$46,653$44,425$42,311$40,305$38,401$33,015
6 years$38,487$36,276$34,193$32,232$30,385$25,250
7 years$32,657$30,465$28,415$26,500$24,711$19,826
8 years$28,287$26,114$24,098$22,230$20,500$15,864
9 years$24,889$22,737$20,756$18,935$17,264$12,871
10 years$22,172$20,041$18,095$16,322$14,710$10,556
11 years$19,951$17,842$15,931$14,205$12,651$8,730
12 years$18,102$16,014$14,138$12,460$10,963$7,267
13 years$16,538$14,472$12,632$11,000$9,560$6,082
14 years$15,199$13,154$11,349$9,765$8,380$5,113
15 years$14,039$12,017$10,247$8,708$7,379$4,313
16 years$13,025$11,025$9,290$7,797$6,521$3,649
17 years$12,132$10,154$8,454$7,006$5,782$3,095
18 years$11,338$9,383$7,717$6,314$5,141$2,631
19 years$10,629$8,696$7,065$5,705$4,583$2,240
20 years$9,992$8,080$6,484$5,167$4,093$1,910
21 years$9,416$7,527$5,964$4,689$3,663$1,631
22 years$8,893$7,026$5,497$4,264$3,283$1,393
23 years$8,417$6,571$5,075$3,883$2,947$1,192
24 years$7,981$6,157$4,694$3,542$2,649$1,020
25 years$7,580$5,778$4,347$3,234$2,384$874
26 years$7,210$5,430$4,032$2,957$2,147$749
27 years$6,869$5,110$3,744$2,707$1,936$642
28 years$6,553$4,816$3,480$2,480$1,747$551
29 years$6,259$4,543$3,239$2,274$1,577$473
30 years$5,985$4,290$3,017$2,087$1,425$406
31 years$5,729$4,056$2,813$1,917$1,289$348
32 years$5,489$3,838$2,624$1,762$1,166$299
33 years$5,265$3,634$2,450$1,620$1,055$257
34 years$5,054$3,444$2,289$1,491$955$221
35 years$4,856$3,267$2,140$1,372$865$190
36 years$4,669$3,101$2,002$1,264$784$163
37 years$4,493$2,945$1,874$1,164$710$140
38 years$4,327$2,799$1,755$1,073$644$120
39 years$4,169$2,661$1,644$990$584$103
40 years$4,019$2,532$1,541$913$530$89
41 years$3,878$2,410$1,445$842$481$76
42 years$3,743$2,296$1,356$777$436$66
43 years$3,615$2,187$1,272$717$396$56
44 years$3,493$2,085$1,194$662$359$49
45 years$3,377$1,988$1,121$612$326$42
46 years$3,266$1,897$1,053$565$296$36
47 years$3,161$1,810$989$522$269$31
48 years$3,060$1,728$930$482$244$27
49 years$2,963$1,650$874$446$222$23
50 years$2,870$1,576$821$412$201$20

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 $4,907 every year, while hoping to spend $57,648 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: 73/21/6 Blend
34$2,940,000$2,940,000$2,940,000$2,940,000
35$3,244,942$3,089,122$3,043,552$3,479,220
36$3,514,589$3,179,152$3,084,174$3,724,252
37$3,809,807$3,271,661$3,124,224$3,984,774
38$4,133,146$3,366,710$3,163,624$4,268,441
39$4,487,409$3,464,361$3,202,287$4,577,519
40$4,875,686$3,564,676$3,240,125$4,914,502
41$5,301,380$3,667,720$3,277,044$5,282,134
42$5,768,239$3,773,556$3,312,943$5,683,440
43$6,280,390$3,882,251$3,347,717$6,121,748
44$6,842,380$3,993,872$3,381,256$6,600,723
45$7,459,217$4,108,485$3,413,442$7,124,403
46$8,136,417$4,226,161$3,444,152$7,697,232
47$8,880,057$4,346,968$3,473,256$8,324,106
48$9,696,830$4,470,977$3,500,618$9,010,418
49$10,594,111$4,598,259$3,526,093$9,762,106
50$11,580,023$4,728,886$3,549,530$10,585,713
51$12,663,515$4,862,932$3,570,769$11,488,444
52$13,854,447$5,000,469$3,589,643$12,478,237
53$15,163,681$5,141,572$3,605,976$13,563,834
54$16,603,183$5,286,315$3,619,583$14,754,869
55$18,186,137$5,434,774$3,630,268$16,061,952
56$19,927,070$5,587,025$3,637,829$17,496,773
57$21,841,985$5,743,143$3,642,051$19,072,211
58$23,948,516$5,903,206$3,642,708$20,802,453
59$26,266,090$6,067,289$3,639,564$22,703,132
60$28,816,114$6,235,468$3,632,372$24,791,468
61$31,622,174$6,407,822$3,620,872$27,086,438
62$34,710,256$6,584,425$3,604,792$29,608,947
63$38,108,994$6,765,355$3,583,845$32,382,030
64$41,849,941$6,950,687$3,557,733$35,431,067
65$45,967,859$7,140,495$3,526,142$38,784,021
66$50,501,056$7,334,854$3,488,743$42,471,705
67$55,491,740$7,533,838$3,445,192$46,528,069
68$60,986,420$7,737,519$3,395,128$50,990,523
69$67,036,346$7,945,968$3,338,175$55,900,285
70$73,697,986$8,159,254$3,273,938$61,302,777
71$81,033,568$8,377,445$3,202,002$67,248,045
72$89,111,659$8,600,606$3,121,936$73,791,237
73$98,007,814$8,828,801$3,033,286$80,993,122
74$107,805,290$9,062,092$2,935,580$88,920,660
75$118,595,830$9,300,534$2,828,322$97,647,638
76$130,480,528$9,544,184$2,710,995$107,255,362
77$143,570,785$9,793,093$2,583,057$117,833,429
78$157,989,358$10,047,307$2,443,942$129,480,566
79$173,871,517$10,306,869$2,293,058$142,305,567
80$191,366,324$10,571,819$2,129,789$156,428,317
81$210,638,040$10,842,188$1,953,487$171,980,925
82$231,867,669$11,118,004$1,763,478$189,108,966
83$255,254,673$11,399,289$1,559,056$207,972,862
84$281,018,852$11,686,056$1,339,487$228,749,390
85$309,402,416$11,978,314$1,104,000$251,633,353
86$340,672,272$12,276,060$851,794$276,839,419
87$375,122,543$12,579,287$582,029$304,604,144
88$413,077,346$12,887,975$293,830$335,188,210
89$454,893,846$13,202,097$0$368,878,880
90$500,965,632$13,521,613$0$405,993,591
91$551,726,426$13,846,472$0$446,900,438
92$607,654,185$14,176,613$0$491,965,073
93$669,275,602$14,511,957$0$541,611,183
94$737,171,085$14,852,415$0$596,305,663
95$811,980,233$15,197,880$0$656,563,022
96$894,407,872$15,548,231$0$722,950,236
97$985,230,708$15,903,327$0$796,092,107
98$1,085,304,659$16,263,010$0$876,677,149
99$1,195,572,938$16,627,101$0$965,464,101
100$1,317,074,947$16,995,398$0$1,063,289,077