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%12.7%
1 years$242,782$240,620$238,510$236,451$234,440$231,799
2 years$120,189$117,951$115,782$113,678$111,638$108,979
3 years$79,330$77,082$74,918$72,835$70,828$68,234
4 years$58,905$56,664$54,521$52,473$50,515$48,006
5 years$46,653$44,425$42,311$40,305$38,401$35,984
6 years$38,487$36,276$34,193$32,232$30,385$28,063
7 years$32,657$30,465$28,415$26,500$24,711$22,485
8 years$28,287$26,114$24,098$22,230$20,500$18,370
9 years$24,889$22,737$20,756$18,935$17,264$15,229
10 years$22,172$20,041$18,095$16,322$14,710$12,769
11 years$19,951$17,842$15,931$14,205$12,651$10,802
12 years$18,102$16,014$14,138$12,460$10,963$9,204
13 years$16,538$14,472$12,632$11,000$9,560$7,889
14 years$15,199$13,154$11,349$9,765$8,380$6,795
15 years$14,039$12,017$10,247$8,708$7,379$5,876
16 years$13,025$11,025$9,290$7,797$6,521$5,099
17 years$12,132$10,154$8,454$7,006$5,782$4,438
18 years$11,338$9,383$7,717$6,314$5,141$3,872
19 years$10,629$8,696$7,065$5,705$4,583$3,386
20 years$9,992$8,080$6,484$5,167$4,093$2,966
21 years$9,416$7,527$5,964$4,689$3,663$2,602
22 years$8,893$7,026$5,497$4,264$3,283$2,286
23 years$8,417$6,571$5,075$3,883$2,947$2,011
24 years$7,981$6,157$4,694$3,542$2,649$1,771
25 years$7,580$5,778$4,347$3,234$2,384$1,560
26 years$7,210$5,430$4,032$2,957$2,147$1,376
27 years$6,869$5,110$3,744$2,707$1,936$1,215
28 years$6,553$4,816$3,480$2,480$1,747$1,073
29 years$6,259$4,543$3,239$2,274$1,577$948
30 years$5,985$4,290$3,017$2,087$1,425$838
31 years$5,729$4,056$2,813$1,917$1,289$741
32 years$5,489$3,838$2,624$1,762$1,166$656
33 years$5,265$3,634$2,450$1,620$1,055$581
34 years$5,054$3,444$2,289$1,491$955$514
35 years$4,856$3,267$2,140$1,372$865$455
36 years$4,669$3,101$2,002$1,264$784$403
37 years$4,493$2,945$1,874$1,164$710$357
38 years$4,327$2,799$1,755$1,073$644$317
39 years$4,169$2,661$1,644$990$584$281
40 years$4,019$2,532$1,541$913$530$249
41 years$3,878$2,410$1,445$842$481$220
42 years$3,743$2,296$1,356$777$436$195
43 years$3,615$2,187$1,272$717$396$173
44 years$3,493$2,085$1,194$662$359$154
45 years$3,377$1,988$1,121$612$326$136
46 years$3,266$1,897$1,053$565$296$121
47 years$3,161$1,810$989$522$269$107
48 years$3,060$1,728$930$482$244$95
49 years$2,963$1,650$874$446$222$84
50 years$2,870$1,576$821$412$201$75

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 $3,503 every year, while hoping to spend $56,212 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: 30/44/26 Blend
34$2,940,000$2,940,000$2,940,000$2,940,000
35$3,243,493$3,087,673$3,042,103$3,314,669
36$3,514,521$3,179,160$3,084,205$3,461,671
37$3,811,309$3,273,246$3,125,832$3,614,516
38$4,136,426$3,369,999$3,166,911$3,777,813
39$4,492,700$3,469,487$3,207,362$3,952,509
40$4,883,247$3,571,784$3,247,100$4,139,643
41$5,311,496$3,676,960$3,286,036$4,340,360
42$5,781,227$3,785,089$3,324,077$4,555,917
43$6,296,602$3,896,248$3,361,123$4,787,699
44$6,862,203$4,010,512$3,397,069$5,037,228
45$7,483,082$4,127,961$3,431,804$5,306,181
46$8,164,800$4,248,674$3,465,213$5,596,403
47$8,913,484$4,372,734$3,497,172$5,909,922
48$9,735,883$4,500,222$3,527,551$6,248,976
49$10,639,434$4,631,224$3,556,215$6,616,023
50$11,632,328$4,765,825$3,583,020$7,013,775
51$12,723,588$4,904,113$3,607,814$7,445,213
52$13,923,157$5,046,178$3,630,438$7,913,624
53$15,241,987$5,192,109$3,650,727$8,422,626
54$16,692,147$5,341,999$3,668,502$8,976,202
55$18,286,930$5,495,941$3,683,581$9,578,743
56$20,040,984$5,654,030$3,695,769$10,235,083
57$21,970,449$5,816,362$3,704,862$10,950,547
58$24,093,106$5,983,035$3,710,646$11,731,001
59$26,428,547$6,154,147$3,712,897$12,582,908
60$28,998,358$6,329,800$3,711,378$13,513,387
61$31,826,324$6,510,093$3,705,842$14,530,283
62$34,938,651$6,695,130$3,696,030$15,642,236
63$38,364,216$6,885,014$3,681,670$16,858,769
64$42,134,836$7,079,850$3,662,476$18,190,372
65$46,285,570$7,279,743$3,638,149$19,648,604
66$50,855,047$7,484,799$3,608,376$21,246,200
67$55,885,834$7,695,127$3,572,829$22,997,196
68$61,424,834$7,910,833$3,531,164$24,917,055
69$67,523,729$8,132,026$3,483,020$27,022,816
70$74,239,469$8,358,814$3,428,021$29,333,256
71$81,634,806$8,591,308$3,365,771$31,869,067
72$89,778,890$8,829,615$3,295,857$34,653,047
73$98,747,916$9,073,845$3,217,847$37,710,322
74$108,625,847$9,324,107$3,131,289$41,068,579
75$119,505,205$9,580,510$3,035,709$44,758,329
76$131,487,942$9,843,162$2,930,612$48,813,196
77$144,686,405$10,112,169$2,815,480$53,270,230
78$159,224,392$10,387,639$2,689,772$58,170,264
79$175,238,322$10,669,675$2,552,921$63,558,295
80$192,878,524$10,958,383$2,404,338$69,483,911
81$212,310,653$11,253,863$2,243,402$76,001,758
82$233,717,252$11,556,214$2,069,468$83,172,058
83$257,299,477$11,865,535$1,881,862$91,061,178
84$283,278,997$12,181,919$1,679,877$99,742,255
85$311,900,079$12,505,457$1,462,777$109,295,888
86$343,431,900$12,836,238$1,229,793$119,810,902
87$378,171,084$13,174,344$980,121$131,385,184
88$416,444,502$13,519,854$712,923$144,126,609
89$458,612,359$13,872,844$427,323$158,154,060
90$505,071,588$14,233,382$122,407$173,598,550
91$556,259,602$14,601,530$0$190,604,461
92$612,658,421$14,977,345$0$209,387,222
93$674,799,221$15,360,875$0$230,105,769
94$743,267,346$15,752,163$0$252,919,640
95$818,707,835$16,151,239$0$278,042,098
96$901,831,512$16,558,128$0$305,708,148
97$993,421,692$16,972,841$0$336,176,759
98$1,094,341,576$17,395,382$0$369,733,304
99$1,205,542,400$17,825,739$0$406,692,254
100$1,328,072,415$18,263,891$0$447,400,147