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

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 $2,950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$243,608$241,438$239,321$237,255$235,237$229,178
2 years$120,598$118,352$116,175$114,065$112,018$105,954
3 years$79,600$77,344$75,173$73,082$71,069$65,190
4 years$59,105$56,856$54,707$52,652$50,687$45,038
5 years$46,811$44,576$42,455$40,442$38,531$33,128
6 years$38,618$36,400$34,310$32,341$30,488$25,336
7 years$32,768$30,568$28,512$26,590$24,795$19,894
8 years$28,383$26,203$24,180$22,305$20,570$15,917
9 years$24,974$22,814$20,826$18,999$17,323$12,915
10 years$22,248$20,110$18,157$16,378$14,760$10,592
11 years$20,019$17,902$15,985$14,253$12,694$8,759
12 years$18,163$16,068$14,186$12,502$11,000$7,292
13 years$16,594$14,521$12,674$11,038$9,593$6,103
14 years$15,250$13,199$11,388$9,798$8,409$5,130
15 years$14,087$12,058$10,282$8,738$7,404$4,328
16 years$13,070$11,063$9,322$7,824$6,544$3,662
17 years$12,173$10,188$8,483$7,030$5,802$3,106
18 years$11,377$9,414$7,744$6,335$5,159$2,640
19 years$10,666$8,725$7,089$5,724$4,598$2,248
20 years$10,026$8,108$6,506$5,185$4,107$1,916
21 years$9,448$7,552$5,984$4,705$3,675$1,636
22 years$8,924$7,050$5,515$4,278$3,295$1,398
23 years$8,445$6,593$5,092$3,896$2,957$1,196
24 years$8,008$6,178$4,710$3,554$2,658$1,024
25 years$7,606$5,797$4,362$3,245$2,392$877
26 years$7,235$5,449$4,046$2,967$2,155$752
27 years$6,892$5,128$3,757$2,716$1,943$644
28 years$6,575$4,832$3,492$2,489$1,753$553
29 years$6,280$4,558$3,250$2,282$1,583$474
30 years$6,005$4,305$3,027$2,094$1,430$407
31 years$5,748$4,070$2,822$1,923$1,293$349
32 years$5,508$3,851$2,633$1,768$1,170$300
33 years$5,283$3,647$2,459$1,626$1,058$258
34 years$5,072$3,456$2,297$1,496$958$221
35 years$4,873$3,278$2,148$1,377$868$190
36 years$4,685$3,111$2,009$1,268$786$163
37 years$4,508$2,955$1,880$1,168$713$140
38 years$4,341$2,808$1,761$1,077$646$121
39 years$4,183$2,671$1,650$993$586$104
40 years$4,033$2,541$1,546$916$531$89
41 years$3,891$2,419$1,450$845$482$77
42 years$3,756$2,303$1,360$780$438$66
43 years$3,627$2,195$1,276$720$397$57
44 years$3,505$2,092$1,198$665$360$49
45 years$3,388$1,995$1,125$614$327$42
46 years$3,277$1,903$1,057$567$297$36
47 years$3,171$1,816$993$524$270$31
48 years$3,070$1,734$933$484$245$27
49 years$2,973$1,656$877$447$223$23
50 years$2,880$1,581$824$414$202$20

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 $4,045 every year, while hoping to spend $23,583 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: 43/42/15 Blend
34$2,950,000$2,950,000$2,950,000$2,950,000
35$3,255,072$3,098,722$3,052,997$3,380,685
36$3,561,998$3,225,468$3,130,181$3,595,964
37$3,899,439$3,357,633$3,209,159$3,826,392
38$4,270,484$3,495,459$3,289,968$4,075,523
39$4,678,534$3,639,198$3,372,643$4,345,085
40$5,127,339$3,789,112$3,457,221$4,636,977
41$5,621,026$3,945,478$3,543,736$4,953,281
42$6,164,147$4,108,582$3,632,228$5,296,287
43$6,761,713$4,278,727$3,722,731$5,668,509
44$7,419,250$4,456,226$3,815,284$6,072,708
45$8,142,842$4,641,410$3,909,925$6,511,920
46$8,939,196$4,834,623$4,006,692$6,989,480
47$9,815,700$5,036,226$4,105,622$7,509,054
48$10,780,496$5,246,595$4,206,755$8,074,672
49$11,842,555$5,466,126$4,310,129$8,690,765
50$13,011,760$5,695,231$4,415,783$9,362,205
51$14,299,004$5,934,342$4,523,756$10,094,349
52$15,716,288$6,183,910$4,634,088$10,893,090
53$17,276,837$6,444,410$4,746,817$11,764,909
54$18,995,223$6,716,334$4,861,984$12,716,934
55$20,887,503$7,000,202$4,979,628$13,757,010
56$22,971,371$7,296,554$5,099,788$14,893,765
57$25,266,324$7,605,958$5,222,504$16,136,695
58$27,793,845$7,929,007$5,347,814$17,496,247
59$30,577,611$8,266,321$5,475,759$18,983,919
60$33,643,707$8,618,551$5,606,377$20,612,366
61$37,020,881$8,986,376$5,739,706$22,395,515
62$40,740,811$9,370,508$5,875,786$24,348,697
63$44,838,403$9,771,692$6,014,655$26,488,787
64$49,352,124$10,190,709$6,156,349$28,834,361
65$54,324,360$10,628,373$6,300,907$31,405,873
66$59,801,822$11,085,540$6,448,364$34,225,836
67$65,835,980$11,563,105$6,598,757$37,319,041
68$72,483,556$12,062,002$6,752,121$40,712,785
69$79,807,052$12,583,214$6,908,490$44,437,121
70$87,875,345$13,127,765$7,067,898$48,525,146
71$96,764,335$13,696,730$7,230,378$53,013,303
72$106,557,661$14,291,235$7,395,960$57,941,728
73$117,347,493$14,912,456$7,564,675$63,354,618
74$129,235,398$15,561,626$7,736,552$69,300,650
75$142,333,301$16,240,038$7,911,619$75,833,435
76$156,764,540$16,949,042$8,089,900$83,012,017
77$172,665,033$17,690,055$8,271,422$90,901,430
78$190,184,557$18,464,559$8,456,205$99,573,305
79$209,488,164$19,274,105$8,644,271$109,106,539
80$230,757,741$20,120,320$8,835,638$119,588,041
81$254,193,720$21,004,905$9,030,321$131,113,540
82$280,016,978$21,929,644$9,228,336$143,788,490
83$308,470,917$22,896,403$9,429,692$157,729,052
84$339,823,762$23,907,139$9,634,398$173,063,191
85$374,371,094$24,963,897$9,842,459$189,931,875
86$412,438,642$26,068,824$10,053,877$208,490,398
87$454,385,353$27,224,166$10,268,652$228,909,841
88$500,606,784$28,432,276$10,486,777$251,378,679
89$551,538,837$29,695,618$10,708,245$276,104,554
90$607,661,869$31,016,774$10,933,041$303,316,221
91$669,505,231$32,398,447$11,161,150$333,265,711
92$737,652,265$33,843,471$11,392,549$366,230,688
93$812,745,807$35,354,813$11,627,211$402,517,071
94$895,494,261$36,935,580$11,865,103$442,461,908
95$986,678,281$38,589,029$12,106,189$486,436,550
96$1,087,158,144$40,318,570$12,350,426$534,850,145
97$1,197,881,872$42,127,777$12,597,762$588,153,487
98$1,319,894,179$44,020,393$12,848,143$646,843,267
99$1,454,346,333$46,000,341$13,101,504$711,466,743
100$1,602,507,031$48,071,730$13,357,776$782,626,900