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%15.1%
1 years$243,608$241,438$239,321$237,255$235,237$230,299
2 years$120,598$118,352$116,175$114,065$112,018$107,066
3 years$79,600$77,344$75,173$73,082$71,069$66,258
4 years$59,105$56,856$54,707$52,652$50,687$46,054
5 years$46,811$44,576$42,455$40,442$38,531$34,089
6 years$38,618$36,400$34,310$32,341$30,488$26,242
7 years$32,768$30,568$28,512$26,590$24,795$20,746
8 years$28,383$26,203$24,180$22,305$20,570$16,716
9 years$24,974$22,814$20,826$18,999$17,323$13,661
10 years$22,248$20,110$18,157$16,378$14,760$11,287
11 years$20,019$17,902$15,985$14,253$12,694$9,406
12 years$18,163$16,068$14,186$12,502$11,000$7,892
13 years$16,594$14,521$12,674$11,038$9,593$6,658
14 years$15,250$13,199$11,388$9,798$8,409$5,643
15 years$14,087$12,058$10,282$8,738$7,404$4,801
16 years$13,070$11,063$9,322$7,824$6,544$4,097
17 years$12,173$10,188$8,483$7,030$5,802$3,505
18 years$11,377$9,414$7,744$6,335$5,159$3,005
19 years$10,666$8,725$7,089$5,724$4,598$2,582
20 years$10,026$8,108$6,506$5,185$4,107$2,222
21 years$9,448$7,552$5,984$4,705$3,675$1,914
22 years$8,924$7,050$5,515$4,278$3,295$1,651
23 years$8,445$6,593$5,092$3,896$2,957$1,426
24 years$8,008$6,178$4,710$3,554$2,658$1,232
25 years$7,606$5,797$4,362$3,245$2,392$1,065
26 years$7,235$5,449$4,046$2,967$2,155$922
27 years$6,892$5,128$3,757$2,716$1,943$798
28 years$6,575$4,832$3,492$2,489$1,753$691
29 years$6,280$4,558$3,250$2,282$1,583$599
30 years$6,005$4,305$3,027$2,094$1,430$519
31 years$5,748$4,070$2,822$1,923$1,293$450
32 years$5,508$3,851$2,633$1,768$1,170$391
33 years$5,283$3,647$2,459$1,626$1,058$339
34 years$5,072$3,456$2,297$1,496$958$294
35 years$4,873$3,278$2,148$1,377$868$255
36 years$4,685$3,111$2,009$1,268$786$221
37 years$4,508$2,955$1,880$1,168$713$192
38 years$4,341$2,808$1,761$1,077$646$167
39 years$4,183$2,671$1,650$993$586$145
40 years$4,033$2,541$1,546$916$531$126
41 years$3,891$2,419$1,450$845$482$109
42 years$3,756$2,303$1,360$780$438$95
43 years$3,627$2,195$1,276$720$397$82
44 years$3,505$2,092$1,198$665$360$72
45 years$3,388$1,995$1,125$614$327$62
46 years$3,277$1,903$1,057$567$297$54
47 years$3,171$1,816$993$524$270$47
48 years$3,070$1,734$933$484$245$41
49 years$2,973$1,656$877$447$223$35
50 years$2,880$1,581$824$414$202$31

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 $6,929 every year, while hoping to spend $57,123 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: 60/30/10 Blend
34$2,950,000$2,950,000$2,950,000$2,950,000
35$3,258,047$3,101,697$3,055,972$3,445,593
36$3,529,590$3,192,902$3,097,569$3,663,521
37$3,826,915$3,286,661$3,138,645$3,894,016
38$4,152,592$3,383,040$3,179,121$4,144,024
39$4,509,452$3,482,104$3,218,917$4,415,429
40$4,900,610$3,583,921$3,257,945$4,710,305
41$5,329,499$3,688,560$3,296,113$5,030,932
42$5,799,899$3,796,090$3,333,323$5,379,823
43$6,315,973$3,906,583$3,369,474$5,759,743
44$6,882,309$4,020,112$3,404,458$6,173,736
45$7,503,957$4,136,750$3,438,160$6,625,153
46$8,186,482$4,256,572$3,470,460$7,117,685
47$8,936,014$4,379,655$3,501,231$7,655,397
48$9,759,305$4,506,076$3,530,340$8,242,764
49$10,663,794$4,635,914$3,557,647$8,884,714
50$11,657,676$4,769,249$3,583,003$9,586,677
51$12,749,979$4,906,162$3,606,253$10,354,631
52$13,950,647$5,046,735$3,627,233$11,195,161
53$15,270,640$5,191,051$3,645,772$12,115,522
54$16,722,028$5,339,195$3,661,688$13,123,702
55$18,318,111$5,491,252$3,674,791$14,228,505
56$20,073,544$5,647,309$3,684,882$15,439,624
57$22,004,471$5,807,453$3,691,751$16,767,743
58$24,128,681$5,971,771$3,695,178$18,224,626
59$26,465,772$6,140,354$3,694,932$19,823,239
60$29,037,339$6,313,290$3,690,771$21,577,862
61$31,867,176$6,490,670$3,682,441$23,504,230
62$34,981,499$6,672,584$3,669,674$25,619,679
63$38,409,196$6,859,124$3,652,191$27,943,308
64$42,182,094$7,050,381$3,629,700$30,496,163
65$46,335,265$7,246,447$3,601,892$33,301,430
66$50,907,354$7,447,415$3,568,447$36,384,656
67$55,940,941$7,653,375$3,529,027$39,773,990
68$61,482,947$7,864,420$3,483,280$43,500,449
69$67,585,072$8,080,642$3,430,834$47,598,208
70$74,304,286$8,302,130$3,371,304$52,104,925
71$81,703,365$8,528,976$3,304,284$57,062,093
72$89,851,481$8,761,268$3,229,350$62,515,435
73$98,824,858$8,999,096$3,146,059$68,515,331
74$108,707,487$9,242,546$3,053,946$75,117,297
75$119,591,923$9,491,703$2,952,526$82,382,508
76$131,580,155$9,746,652$2,841,291$90,378,371
77$144,784,566$10,007,473$2,719,709$99,179,167
78$159,328,999$10,274,247$2,587,227$108,866,749
79$175,349,921$10,547,049$2,443,264$119,531,314
80$192,997,713$10,825,954$2,287,212$131,272,252
81$212,438,085$11,111,031$2,118,439$144,199,091
82$233,853,645$11,402,347$1,936,283$158,432,524
83$257,445,619$11,699,964$1,740,050$174,105,548
84$283,435,749$12,003,940$1,529,019$191,364,725
85$312,068,390$12,314,327$1,302,435$210,371,561
86$343,612,808$12,631,172$1,059,510$231,304,029
87$378,365,731$12,954,516$799,420$254,358,253
88$416,654,141$13,284,393$521,306$279,750,357
89$458,838,365$13,620,829$224,271$307,718,504
90$505,315,473$13,963,845$0$338,525,149
91$556,523,027$14,313,449$0$372,469,403
92$612,943,211$14,669,643$0$409,886,269
93$675,107,381$15,032,418$0$451,103,122
94$743,601,081$15,401,754$0$496,507,116
95$819,069,571$15,777,619$0$546,524,887
96$902,223,913$16,159,968$0$601,626,576
97$993,847,689$16,548,744$0$662,330,268
98$1,094,804,394$16,943,873$0$729,206,883
99$1,206,045,587$17,345,267$0$802,885,562
100$1,328,619,872$17,752,821$0$884,059,611