Can I retire at age 35 with 2,950,000?

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 $2,950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$243,608$241,438$239,321$237,255$235,237$228,901
2 years$120,598$118,352$116,175$114,065$112,018$105,679
3 years$79,600$77,344$75,173$73,082$71,069$64,926
4 years$59,105$56,856$54,707$52,652$50,687$44,788
5 years$46,811$44,576$42,455$40,442$38,531$32,892
6 years$38,618$36,400$34,310$32,341$30,488$25,114
7 years$32,768$30,568$28,512$26,590$24,795$19,686
8 years$28,383$26,203$24,180$22,305$20,570$15,724
9 years$24,974$22,814$20,826$18,999$17,323$12,735
10 years$22,248$20,110$18,157$16,378$14,760$10,425
11 years$20,019$17,902$15,985$14,253$12,694$8,604
12 years$18,163$16,068$14,186$12,502$11,000$7,149
13 years$16,594$14,521$12,674$11,038$9,593$5,971
14 years$15,250$13,199$11,388$9,798$8,409$5,009
15 years$14,087$12,058$10,282$8,738$7,404$4,217
16 years$13,070$11,063$9,322$7,824$6,544$3,560
17 years$12,173$10,188$8,483$7,030$5,802$3,013
18 years$11,377$9,414$7,744$6,335$5,159$2,555
19 years$10,666$8,725$7,089$5,724$4,598$2,171
20 years$10,026$8,108$6,506$5,185$4,107$1,847
21 years$9,448$7,552$5,984$4,705$3,675$1,573
22 years$8,924$7,050$5,515$4,278$3,295$1,341
23 years$8,445$6,593$5,092$3,896$2,957$1,144
24 years$8,008$6,178$4,710$3,554$2,658$977
25 years$7,606$5,797$4,362$3,245$2,392$835
26 years$7,235$5,449$4,046$2,967$2,155$714
27 years$6,892$5,128$3,757$2,716$1,943$611
28 years$6,575$4,832$3,492$2,489$1,753$523
29 years$6,280$4,558$3,250$2,282$1,583$447
30 years$6,005$4,305$3,027$2,094$1,430$383
31 years$5,748$4,070$2,822$1,923$1,293$328
32 years$5,508$3,851$2,633$1,768$1,170$281
33 years$5,283$3,647$2,459$1,626$1,058$241
34 years$5,072$3,456$2,297$1,496$958$206
35 years$4,873$3,278$2,148$1,377$868$177
36 years$4,685$3,111$2,009$1,268$786$151
37 years$4,508$2,955$1,880$1,168$713$130
38 years$4,341$2,808$1,761$1,077$646$111
39 years$4,183$2,671$1,650$993$586$95
40 years$4,033$2,541$1,546$916$531$82
41 years$3,891$2,419$1,450$845$482$70
42 years$3,756$2,303$1,360$780$438$60
43 years$3,627$2,195$1,276$720$397$52
44 years$3,505$2,092$1,198$665$360$44
45 years$3,388$1,995$1,125$614$327$38
46 years$3,277$1,903$1,057$567$297$33
47 years$3,171$1,816$993$524$270$28
48 years$3,070$1,734$933$484$245$24
49 years$2,973$1,656$877$447$223$21
50 years$2,880$1,581$824$414$202$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $2,950,000, adding $6,228 every year, while hoping to spend $29,028 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: 39/34/27 Blend
34$2,950,000$2,950,000$2,950,000$2,950,000
35$3,257,324$3,100,974$3,055,249$3,358,058
36$3,558,686$3,222,036$3,126,714$3,553,140
37$3,889,813$3,348,058$3,199,601$3,760,801
38$4,253,712$3,479,250$3,273,926$3,984,794
39$4,653,694$3,615,837$3,349,705$4,226,627
40$5,093,405$3,758,048$3,426,955$4,487,953
41$5,576,866$3,906,126$3,505,692$4,770,592
42$6,108,504$4,060,323$3,585,930$5,076,540
43$6,693,198$4,220,905$3,667,684$5,407,992
44$7,336,321$4,388,146$3,750,969$5,767,361
45$8,043,795$4,562,336$3,835,796$6,157,299
46$8,822,147$4,743,774$3,922,179$6,580,719
47$9,678,563$4,932,776$4,010,130$7,040,828
48$10,620,965$5,129,671$4,099,658$7,541,150
49$11,658,081$5,334,802$4,190,774$8,085,562
50$12,799,526$5,548,529$4,283,486$8,678,326
51$14,055,897$5,771,226$4,377,802$9,324,133
52$15,438,869$6,003,286$4,473,729$10,028,143
53$16,961,306$6,245,119$4,571,271$10,796,031
54$18,637,383$6,497,154$4,670,432$11,634,045
55$20,482,719$6,759,838$4,771,215$12,549,057
56$22,514,527$7,033,640$4,873,621$13,548,632
57$24,751,769$7,319,049$4,977,648$14,641,094
58$27,215,344$7,616,577$5,083,294$15,835,608
59$29,928,279$7,926,760$5,190,554$17,142,260
60$32,915,948$8,250,155$5,299,422$18,572,151
61$36,206,311$8,587,349$5,409,889$20,137,507
62$39,830,179$8,938,954$5,521,944$21,851,782
63$43,821,502$9,305,607$5,635,574$23,729,795
64$48,217,693$9,687,979$5,750,763$25,787,856
65$53,059,976$10,086,769$5,867,493$28,043,930
66$58,393,781$10,502,708$5,985,741$30,517,794
67$64,269,167$10,936,561$6,105,484$33,231,231
68$70,741,298$11,389,128$6,226,693$36,208,226
69$77,870,961$11,861,247$6,349,339$39,475,194
70$85,725,143$12,353,791$6,473,385$43,061,227
71$94,377,659$12,867,678$6,598,795$46,998,365
72$103,909,850$13,403,865$6,725,525$51,321,899
73$114,411,354$13,963,353$6,853,529$56,070,696
74$125,980,946$14,547,192$6,982,756$61,287,568
75$138,727,475$15,156,477$7,113,151$67,019,672
76$152,770,889$15,792,355$7,244,653$73,318,951
77$168,243,367$16,456,028$7,377,196$80,242,625
78$185,290,569$17,148,751$7,510,710$87,853,721
79$204,073,005$17,871,839$7,645,117$96,221,673
80$224,767,559$18,626,666$7,780,336$105,422,969
81$247,569,148$19,414,671$7,916,276$115,541,868
82$272,692,572$20,237,361$8,052,841$126,671,199
83$300,374,533$21,096,310$8,189,930$138,913,225
84$330,875,875$21,993,169$8,327,432$152,380,608
85$364,484,042$22,929,662$8,465,230$167,197,470
86$401,515,796$23,907,597$8,603,196$183,500,557
87$442,320,202$24,928,863$8,741,197$201,440,528
88$487,281,925$25,995,440$8,879,090$221,183,371
89$536,824,864$27,109,399$9,016,722$242,911,965
90$591,416,148$28,272,908$9,153,930$266,827,801
91$651,570,550$29,488,236$9,290,542$293,152,880
92$717,855,345$30,757,758$9,426,374$322,131,801
93$790,895,664$32,083,962$9,561,231$354,034,066
94$871,380,396$33,469,450$9,694,907$389,156,617
95$960,068,692$34,916,949$9,827,182$427,826,634
96$1,057,797,130$36,429,312$9,957,825$470,404,613
97$1,165,487,615$38,009,525$10,086,589$517,287,769
98$1,284,156,077$39,660,717$10,213,215$568,913,772
99$1,414,922,066$41,386,162$10,337,427$625,764,873
100$1,559,019,322$43,189,289$10,458,936$688,372,451