Can I retire at age 35 with 295,000?

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 $295,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$24,361$24,144$23,932$23,725$23,524$22,872
2 years$12,060$11,835$11,618$11,406$11,202$10,550
3 years$7,960$7,734$7,517$7,308$7,107$6,475
4 years$5,911$5,686$5,471$5,265$5,069$4,462
5 years$4,681$4,458$4,245$4,044$3,853$3,274
6 years$3,862$3,640$3,431$3,234$3,049$2,497
7 years$3,277$3,057$2,851$2,659$2,480$1,955
8 years$2,838$2,620$2,418$2,231$2,057$1,560
9 years$2,497$2,281$2,083$1,900$1,732$1,262
10 years$2,225$2,011$1,816$1,638$1,476$1,031
11 years$2,002$1,790$1,598$1,425$1,269$850
12 years$1,816$1,607$1,419$1,250$1,100$706
13 years$1,659$1,452$1,267$1,104$959$588
14 years$1,525$1,320$1,139$980$841$493
15 years$1,409$1,206$1,028$874$740$414
16 years$1,307$1,106$932$782$654$349
17 years$1,217$1,019$848$703$580$295
18 years$1,138$941$774$634$516$250
19 years$1,067$873$709$572$460$212
20 years$1,003$811$651$518$411$180
21 years$945$755$598$471$368$153
22 years$892$705$552$428$329$130
23 years$845$659$509$390$296$111
24 years$801$618$471$355$266$95
25 years$761$580$436$325$239$81
26 years$723$545$405$297$215$69
27 years$689$513$376$272$194$59
28 years$657$483$349$249$175$50
29 years$628$456$325$228$158$43
30 years$600$430$303$209$143$37
31 years$575$407$282$192$129$31
32 years$551$385$263$177$117$27
33 years$528$365$246$163$106$23
34 years$507$346$230$150$96$20
35 years$487$328$215$138$87$17
36 years$469$311$201$127$79$14
37 years$451$296$188$117$71$12
38 years$434$281$176$108$65$11
39 years$418$267$165$99$59$9
40 years$403$254$155$92$53$8
41 years$389$242$145$84$48$7
42 years$376$230$136$78$44$6
43 years$363$219$128$72$40$5
44 years$351$209$120$66$36$4
45 years$339$199$112$61$33$4
46 years$328$190$106$57$30$3
47 years$317$182$99$52$27$3
48 years$307$173$93$48$24$2
49 years$297$166$88$45$22$2
50 years$288$158$82$41$20$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $295,000, adding $6,741 every year, while hoping to spend $20,463 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: 65/13/22 Blend
34$295,000$295,000$295,000$295,000
35$332,043$316,408$311,836$351,337
36$344,139$310,140$300,510$358,870
37$356,783$302,878$288,119$364,174
38$370,009$294,554$274,605$369,497
39$383,855$285,091$259,909$374,841
40$398,360$274,413$243,967$380,211
41$413,568$262,434$226,716$385,610
42$429,526$249,068$208,085$391,047
43$446,287$234,221$188,005$396,528
44$463,904$217,794$166,399$402,063
45$482,440$199,683$143,191$407,663
46$501,959$179,778$118,298$413,344
47$522,535$157,963$91,637$419,120
48$544,244$134,114$63,117$425,010
49$567,172$108,101$32,648$431,039
50$591,413$79,788$131$437,230
51$617,068$49,028$0$443,615
52$644,248$15,669$0$458,343
53$673,073$0$0$473,898
54$703,676$0$0$493,249
55$736,203$0$0$516,207
56$770,811$0$0$540,646
57$807,673$0$0$566,689
58$846,980$0$0$594,472
59$888,940$0$0$624,142
60$933,780$0$0$655,864
61$981,750$0$0$689,815
62$1,033,123$0$0$726,191
63$1,088,201$0$0$765,208
64$1,147,312$0$0$807,099
65$1,210,817$0$0$852,125
66$1,279,115$0$0$900,568
67$1,352,640$0$0$952,741
68$1,431,871$0$0$1,008,985
69$1,517,333$0$0$1,069,676
70$1,609,603$0$0$1,135,228
71$1,709,317$0$0$1,206,095
72$1,817,170$0$0$1,282,774
73$1,933,930$0$0$1,365,815
74$2,060,439$0$0$1,455,820
75$2,197,624$0$0$1,553,453
76$2,346,502$0$0$1,659,442
77$2,508,194$0$0$1,774,590
78$2,683,933$0$0$1,899,778
79$2,875,074$0$0$2,035,976
80$3,083,109$0$0$2,184,253
81$3,309,679$0$0$2,345,784
82$3,556,591$0$0$2,521,861
83$3,825,830$0$0$2,713,907
84$4,119,587$0$0$2,923,489
85$4,440,267$0$0$3,152,330
86$4,790,521$0$0$3,402,328
87$5,173,269$0$0$3,675,572
88$5,591,721$0$0$3,974,363
89$6,049,414$0$0$4,301,233
90$6,550,244$0$0$4,658,971
91$7,098,497$0$0$5,050,646
92$7,698,897$0$0$5,479,641
93$8,356,642$0$0$5,949,679
94$9,077,459$0$0$6,464,861
95$9,867,656$0$0$7,029,703
96$10,734,179$0$0$7,649,180
97$11,684,677$0$0$8,328,771
98$12,727,578$0$0$9,074,511
99$13,872,163$0$0$9,893,046
100$15,128,657$0$0$10,791,700