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%14.4%
1 years$243,608$241,438$239,321$237,255$235,237$230,960
2 years$120,598$118,352$116,175$114,065$112,018$107,724
3 years$79,600$77,344$75,173$73,082$71,069$66,892
4 years$59,105$56,856$54,707$52,652$50,687$46,659
5 years$46,811$44,576$42,455$40,442$38,531$34,665
6 years$38,618$36,400$34,310$32,341$30,488$26,787
7 years$32,768$30,568$28,512$26,590$24,795$21,260
8 years$28,383$26,203$24,180$22,305$20,570$17,200
9 years$24,974$22,814$20,826$18,999$17,323$14,116
10 years$22,248$20,110$18,157$16,378$14,760$11,713
11 years$20,019$17,902$15,985$14,253$12,694$9,804
12 years$18,163$16,068$14,186$12,502$11,000$8,263
13 years$16,594$14,521$12,674$11,038$9,593$7,004
14 years$15,250$13,199$11,388$9,798$8,409$5,964
15 years$14,087$12,058$10,282$8,738$7,404$5,099
16 years$13,070$11,063$9,322$7,824$6,544$4,372
17 years$12,173$10,188$8,483$7,030$5,802$3,760
18 years$11,377$9,414$7,744$6,335$5,159$3,240
19 years$10,666$8,725$7,089$5,724$4,598$2,798
20 years$10,026$8,108$6,506$5,185$4,107$2,420
21 years$9,448$7,552$5,984$4,705$3,675$2,097
22 years$8,924$7,050$5,515$4,278$3,295$1,818
23 years$8,445$6,593$5,092$3,896$2,957$1,578
24 years$8,008$6,178$4,710$3,554$2,658$1,372
25 years$7,606$5,797$4,362$3,245$2,392$1,193
26 years$7,235$5,449$4,046$2,967$2,155$1,038
27 years$6,892$5,128$3,757$2,716$1,943$904
28 years$6,575$4,832$3,492$2,489$1,753$787
29 years$6,280$4,558$3,250$2,282$1,583$686
30 years$6,005$4,305$3,027$2,094$1,430$598
31 years$5,748$4,070$2,822$1,923$1,293$522
32 years$5,508$3,851$2,633$1,768$1,170$455
33 years$5,283$3,647$2,459$1,626$1,058$397
34 years$5,072$3,456$2,297$1,496$958$347
35 years$4,873$3,278$2,148$1,377$868$303
36 years$4,685$3,111$2,009$1,268$786$264
37 years$4,508$2,955$1,880$1,168$713$231
38 years$4,341$2,808$1,761$1,077$646$202
39 years$4,183$2,671$1,650$993$586$176
40 years$4,033$2,541$1,546$916$531$154
41 years$3,891$2,419$1,450$845$482$134
42 years$3,756$2,303$1,360$780$438$117
43 years$3,627$2,195$1,276$720$397$103
44 years$3,505$2,092$1,198$665$360$90
45 years$3,388$1,995$1,125$614$327$78
46 years$3,277$1,903$1,057$567$297$68
47 years$3,171$1,816$993$524$270$60
48 years$3,070$1,734$933$484$245$52
49 years$2,973$1,656$877$447$223$46
50 years$2,880$1,581$824$414$202$40

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 $5,782 every year, while hoping to spend $48,894 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: 24/50/26 Blend
34$2,950,000$2,950,000$2,950,000$2,950,000
35$3,256,864$3,100,514$3,054,789$3,308,103
36$3,537,041$3,200,416$3,105,102$3,451,468
37$3,844,158$3,303,575$3,155,461$3,600,428
38$4,180,910$3,410,099$3,205,817$3,758,992
39$4,550,268$3,520,098$3,256,117$3,927,991
40$4,955,501$3,633,689$3,306,302$4,108,335
41$5,400,213$3,750,990$3,356,314$4,301,023
42$5,888,372$3,872,126$3,406,088$4,507,152
43$6,424,349$3,997,224$3,455,556$4,727,927
44$7,012,960$4,126,415$3,504,644$4,964,672
45$7,659,509$4,259,837$3,553,277$5,218,840
46$8,369,840$4,397,629$3,601,372$5,492,029
47$9,150,390$4,539,939$3,648,844$5,785,996
48$10,008,251$4,686,918$3,695,602$6,102,670
49$10,951,236$4,838,720$3,741,548$6,444,175
50$11,987,953$4,995,509$3,786,581$6,812,843
51$13,127,886$5,157,450$3,830,593$7,211,244
52$14,381,483$5,324,717$3,873,470$7,642,198
53$15,760,254$5,497,489$3,915,092$8,108,814
54$17,276,884$5,675,950$3,955,331$8,614,508
55$18,945,347$5,860,291$3,994,055$9,163,041
56$20,781,038$6,050,712$4,031,122$9,758,551
57$22,800,923$6,247,416$4,066,384$10,405,592
58$25,023,693$6,450,615$4,099,683$11,109,177
59$27,469,943$6,660,529$4,130,857$11,874,825
60$30,162,367$6,877,384$4,159,730$12,708,609
61$33,125,968$7,101,416$4,186,121$13,617,218
62$36,388,299$7,332,867$4,209,837$14,608,013
63$39,979,717$7,571,989$4,230,678$15,689,103
64$43,933,673$7,819,042$4,248,432$16,869,414
65$48,287,028$8,074,295$4,262,874$18,158,775
66$53,080,397$8,338,028$4,273,773$19,568,014
67$58,358,535$8,610,528$4,280,881$21,109,052
68$64,170,756$8,892,095$4,283,941$22,795,020
69$70,571,403$9,183,037$4,282,683$24,640,379
70$77,620,356$9,483,676$4,276,823$26,661,060
71$85,383,598$9,794,342$4,266,062$28,874,606
72$93,933,839$10,115,378$4,250,089$31,300,345
73$103,351,199$10,447,141$4,228,576$33,959,566
74$113,723,968$10,789,997$4,201,180$36,875,720
75$125,149,434$11,144,328$4,167,540$40,074,642
76$137,734,804$11,510,528$4,127,281$43,584,791
77$151,598,216$11,889,006$4,080,007$47,437,522
78$166,869,852$12,280,185$4,025,305$51,667,376
79$183,693,166$12,684,503$3,962,742$56,312,407
80$202,226,240$13,102,414$3,891,864$61,414,542
81$222,643,272$13,534,389$3,812,198$67,019,973
82$245,136,226$13,980,914$3,723,247$73,179,591
83$269,916,636$14,442,494$3,624,491$79,949,470
84$297,217,609$14,919,652$3,515,386$87,391,389
85$327,296,019$15,412,929$3,395,366$95,573,419
86$360,434,936$15,922,886$3,263,834$104,570,560
87$396,946,297$16,450,105$3,120,170$114,465,453
88$437,173,848$16,995,188$2,963,724$125,349,153
89$481,496,387$17,558,759$2,793,816$137,321,990
90$530,331,346$18,141,466$2,609,736$150,494,515
91$584,138,725$18,743,979$2,410,743$164,988,541
92$643,425,434$19,366,992$2,196,062$180,938,294
93$708,750,080$20,011,228$1,964,883$198,491,675
94$780,728,241$20,677,431$1,716,359$217,811,655
95$860,038,273$21,366,376$1,449,608$239,077,816
96$947,427,714$22,078,865$1,163,707$262,488,041
97$1,043,720,342$22,815,731$857,693$288,260,380
98$1,149,823,951$23,577,836$530,559$316,635,110
99$1,266,738,918$24,366,074$181,257$347,876,997
100$1,395,567,649$25,181,373$0$382,277,799