Can I retire at age 35 with 2,960,000?

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 $2,960,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$244,434$242,257$240,132$238,059$236,035$230,610
2 years$121,007$118,753$116,569$114,451$112,397$106,962
3 years$79,870$77,607$75,428$73,330$71,310$66,033
4 years$59,306$57,049$54,892$52,830$50,859$45,782
5 years$46,970$44,727$42,599$40,579$38,662$33,799
6 years$38,749$36,523$34,426$32,451$30,592$25,948
7 years$32,879$30,672$28,608$26,680$24,879$20,455
8 years$28,479$26,292$24,262$22,381$20,640$16,434
9 years$25,058$22,892$20,897$19,064$17,382$13,391
10 years$22,323$20,178$18,218$16,433$14,810$11,030
11 years$20,087$17,963$16,039$14,302$12,737$9,162
12 years$18,225$16,123$14,234$12,545$11,038$7,662
13 years$16,650$14,570$12,717$11,075$9,625$6,443
14 years$15,302$13,244$11,427$9,831$8,437$5,442
15 years$14,135$12,099$10,317$8,768$7,429$4,614
16 years$13,114$11,100$9,354$7,850$6,566$3,923
17 years$12,214$10,223$8,511$7,054$5,822$3,344
18 years$11,416$9,446$7,770$6,357$5,176$2,857
19 years$10,702$8,755$7,113$5,744$4,614$2,445
20 years$10,060$8,135$6,528$5,202$4,121$2,096
21 years$9,480$7,578$6,004$4,721$3,688$1,799
22 years$8,954$7,074$5,534$4,293$3,306$1,546
23 years$8,474$6,616$5,110$3,909$2,967$1,330
24 years$8,035$6,199$4,726$3,566$2,667$1,144
25 years$7,631$5,817$4,377$3,256$2,400$986
26 years$7,260$5,467$4,059$2,977$2,162$850
27 years$6,916$5,145$3,769$2,725$1,949$733
28 years$6,597$4,848$3,504$2,497$1,759$632
29 years$6,301$4,574$3,261$2,290$1,588$545
30 years$6,025$4,319$3,037$2,101$1,435$471
31 years$5,768$4,083$2,832$1,930$1,297$407
32 years$5,527$3,864$2,642$1,774$1,173$351
33 years$5,301$3,659$2,467$1,631$1,062$303
34 years$5,089$3,468$2,305$1,501$962$262
35 years$4,889$3,289$2,155$1,382$871$227
36 years$4,701$3,122$2,016$1,272$789$196
37 years$4,524$2,965$1,887$1,172$715$169
38 years$4,356$2,818$1,767$1,081$648$146
39 years$4,197$2,680$1,655$996$588$127
40 years$4,047$2,549$1,552$919$533$109
41 years$3,904$2,427$1,455$848$484$95
42 years$3,769$2,311$1,365$782$439$82
43 years$3,640$2,202$1,281$722$398$71
44 years$3,517$2,099$1,202$667$362$61
45 years$3,400$2,002$1,129$616$328$53
46 years$3,288$1,909$1,060$569$298$46
47 years$3,182$1,822$996$526$271$40
48 years$3,080$1,740$936$486$246$34
49 years$2,983$1,661$880$449$223$30
50 years$2,890$1,587$827$415$203$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $2,960,000, adding $2,987 every year, while hoping to spend $52,589 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: 35/39/26 Blend
34$2,960,000$2,960,000$2,960,000$2,960,000
35$3,265,001$3,108,121$3,062,241$3,353,533
36$3,542,077$3,204,465$3,108,872$3,516,097
37$3,845,652$3,303,767$3,155,302$3,686,399
38$4,178,373$3,406,116$3,201,470$3,869,124
39$4,543,157$3,511,606$3,247,309$4,065,414
40$4,943,215$3,620,330$3,292,749$4,276,529
41$5,382,082$3,732,386$3,337,716$4,503,854
42$5,863,657$3,847,874$3,382,131$4,748,910
43$6,392,228$3,966,899$3,425,911$5,013,373
44$6,972,524$4,089,566$3,468,968$5,299,086
45$7,609,752$4,215,984$3,511,208$5,608,078
46$8,309,646$4,346,267$3,552,534$5,942,580
47$9,078,526$4,480,531$3,592,840$6,305,049
48$9,923,353$4,618,894$3,632,017$6,698,189
49$10,851,795$4,761,480$3,669,950$7,124,978
50$11,872,300$4,908,414$3,706,515$7,588,692
51$12,994,176$5,059,828$3,741,585$8,092,941
52$14,227,677$5,215,854$3,775,022$8,641,697
53$15,584,099$5,376,630$3,806,685$9,239,336
54$17,075,891$5,542,299$3,836,422$9,890,677
55$18,716,765$5,713,004$3,864,076$10,601,026
56$20,521,831$5,888,897$3,889,478$11,376,227
57$22,507,736$6,070,132$3,912,454$12,222,718
58$24,692,822$6,256,866$3,932,819$13,147,587
59$27,097,301$6,449,263$3,950,379$14,158,646
60$29,743,439$6,647,490$3,964,930$15,264,497
61$32,655,773$6,851,721$3,976,259$16,474,617
62$35,861,338$7,062,131$3,984,140$17,799,446
63$39,389,924$7,278,904$3,988,337$19,250,483
64$43,274,352$7,502,227$3,988,603$20,840,401
65$47,550,792$7,732,292$3,984,677$22,583,158
66$52,259,097$7,969,298$3,976,287$24,494,133
67$57,443,179$8,213,448$3,963,147$26,590,271
68$63,151,428$8,464,952$3,944,957$28,890,240
69$69,437,163$8,724,024$3,921,403$31,414,610
70$76,359,138$8,990,886$3,892,154$34,186,044
71$83,982,095$9,265,764$3,856,867$37,229,513
72$92,377,375$9,548,893$3,815,178$40,572,533
73$101,623,591$9,840,512$3,766,710$44,245,421
74$111,807,368$10,140,868$3,711,065$48,281,582
75$123,024,162$10,450,213$3,647,829$52,717,828
76$135,379,162$10,768,809$3,576,566$57,594,718
77$148,988,277$11,096,921$3,496,822$62,956,947
78$163,979,236$11,434,825$3,408,120$68,853,764
79$180,492,788$11,782,802$3,309,962$75,339,438
80$198,684,035$12,141,141$3,201,828$82,473,770
81$218,723,890$12,510,140$3,083,172$90,322,657
82$240,800,693$12,890,103$2,953,425$98,958,715
83$265,121,990$13,281,345$2,811,991$108,461,961
84$291,916,487$13,684,185$2,658,247$118,920,573
85$321,436,213$14,098,954$2,491,542$130,431,718
86$353,958,894$14,525,990$2,311,197$143,102,473
87$389,790,579$14,965,642$2,116,500$157,050,830
88$429,268,524$15,418,264$1,906,708$172,406,817
89$472,764,377$15,884,223$1,681,047$189,313,720
90$520,687,687$16,363,893$1,438,705$207,929,439
91$573,489,767$16,857,660$1,178,838$228,427,974
92$631,667,955$17,365,917$900,561$251,001,075
93$695,770,309$17,889,069$602,952$275,860,045
94$766,400,778$18,427,531$285,048$303,237,738
95$844,224,904$18,981,726$0$333,390,760
96$929,976,105$19,552,092$0$366,616,925
97$1,024,462,597$20,139,074$0$403,298,180
98$1,128,575,023$20,743,129$0$443,699,070
99$1,243,294,859$21,364,726$0$488,198,338
100$1,369,703,682$22,004,345$0$537,213,344