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%12.6%
1 years$24,361$24,144$23,932$23,725$23,524$23,268
2 years$12,060$11,835$11,618$11,406$11,202$10,945
3 years$7,960$7,734$7,517$7,308$7,107$6,856
4 years$5,911$5,686$5,471$5,265$5,069$4,826
5 years$4,681$4,458$4,245$4,044$3,853$3,619
6 years$3,862$3,640$3,431$3,234$3,049$2,824
7 years$3,277$3,057$2,851$2,659$2,480$2,264
8 years$2,838$2,620$2,418$2,231$2,057$1,851
9 years$2,497$2,281$2,083$1,900$1,732$1,535
10 years$2,225$2,011$1,816$1,638$1,476$1,288
11 years$2,002$1,790$1,598$1,425$1,269$1,090
12 years$1,816$1,607$1,419$1,250$1,100$930
13 years$1,659$1,452$1,267$1,104$959$797
14 years$1,525$1,320$1,139$980$841$687
15 years$1,409$1,206$1,028$874$740$595
16 years$1,307$1,106$932$782$654$516
17 years$1,217$1,019$848$703$580$450
18 years$1,138$941$774$634$516$393
19 years$1,067$873$709$572$460$344
20 years$1,003$811$651$518$411$301
21 years$945$755$598$471$368$264
22 years$892$705$552$428$329$233
23 years$845$659$509$390$296$205
24 years$801$618$471$355$266$180
25 years$761$580$436$325$239$159
26 years$723$545$405$297$215$140
27 years$689$513$376$272$194$124
28 years$657$483$349$249$175$110
29 years$628$456$325$228$158$97
30 years$600$430$303$209$143$86
31 years$575$407$282$192$129$76
32 years$551$385$263$177$117$67
33 years$528$365$246$163$106$60
34 years$507$346$230$150$96$53
35 years$487$328$215$138$87$47
36 years$469$311$201$127$79$41
37 years$451$296$188$117$71$37
38 years$434$281$176$108$65$33
39 years$418$267$165$99$59$29
40 years$403$254$155$92$53$26
41 years$389$242$145$84$48$23
42 years$376$230$136$78$44$20
43 years$363$219$128$72$40$18
44 years$351$209$120$66$36$16
45 years$339$199$112$61$33$14
46 years$328$190$106$57$30$13
47 years$317$182$99$52$27$11
48 years$307$173$93$48$24$10
49 years$297$166$88$45$22$9
50 years$288$158$82$41$20$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $295,000, adding $6,181 every year, while hoping to spend $20,383 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: 48/43/9 Blend
34$295,000$295,000$295,000$295,000
35$331,466$315,831$311,258$346,280
36$343,588$309,619$299,998$350,893
37$356,263$302,420$287,677$353,254
38$369,527$294,163$274,239$355,347
39$383,417$284,775$259,624$357,153
40$397,973$274,177$243,770$358,653
41$413,241$262,287$226,611$359,826
42$429,269$249,016$208,080$360,653
43$446,109$234,272$188,105$361,112
44$463,817$217,957$166,611$361,182
45$482,457$199,966$143,523$360,843
46$502,094$180,192$118,758$360,073
47$522,803$158,516$92,231$358,851
48$544,663$134,818$63,855$357,155
49$567,762$108,967$33,537$354,965
50$592,194$80,827$1,182$352,261
51$618,064$50,254$0$349,023
52$645,485$17,095$0$348,435
53$674,581$0$0$347,607
54$705,487$0$0$355,321
55$738,351$0$0$372,143
56$773,336$0$0$390,069
57$810,620$0$0$409,192
58$850,396$0$0$429,614
59$892,878$0$0$451,449
60$938,298$0$0$474,818
61$986,914$0$0$499,856
62$1,039,004$0$0$526,711
63$1,094,879$0$0$555,546
64$1,154,873$0$0$586,537
65$1,219,360$0$0$619,881
66$1,288,745$0$0$655,792
67$1,363,474$0$0$694,505
68$1,444,040$0$0$736,279
69$1,530,980$0$0$781,399
70$1,624,887$0$0$830,177
71$1,726,411$0$0$882,955
72$1,836,269$0$0$940,113
73$1,955,245$0$0$1,002,063
74$2,084,204$0$0$1,069,264
75$2,224,098$0$0$1,142,216
76$2,375,971$0$0$1,221,472
77$2,540,972$0$0$1,307,639
78$2,720,368$0$0$1,401,384
79$2,915,549$0$0$1,503,443
80$3,128,045$0$0$1,614,625
81$3,359,543$0$0$1,735,818
82$3,611,894$0$0$1,868,003
83$3,887,141$0$0$2,012,257
84$4,187,528$0$0$2,169,767
85$4,515,527$0$0$2,341,840
86$4,873,860$0$0$2,529,912
87$5,265,521$0$0$2,735,569
88$5,693,810$0$0$2,960,551
89$6,162,357$0$0$3,206,780
90$6,675,161$0$0$3,476,367
91$7,236,625$0$0$3,771,642
92$7,851,597$0$0$4,095,166
93$8,525,416$0$0$4,449,761
94$9,263,963$0$0$4,838,538
95$10,073,714$0$0$5,264,920
96$10,961,801$0$0$5,732,677
97$11,936,082$0$0$6,245,963
98$13,005,208$0$0$6,809,354
99$14,178,712$0$0$7,427,890
100$15,467,093$0$0$8,107,121