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%19%
1 years$244,434$242,257$240,132$238,059$236,035$227,479
2 years$121,007$118,753$116,569$114,451$112,397$103,872
3 years$79,870$77,607$75,428$73,330$71,310$63,082
4 years$59,306$57,049$54,892$52,830$50,859$42,991
5 years$46,970$44,727$42,599$40,579$38,662$31,176
6 years$38,749$36,523$34,426$32,451$30,592$23,493
7 years$32,879$30,672$28,608$26,680$24,879$18,165
8 years$28,479$26,292$24,262$22,381$20,640$14,305
9 years$25,058$22,892$20,897$19,064$17,382$11,418
10 years$22,323$20,178$18,218$16,433$14,810$9,206
11 years$20,087$17,963$16,039$14,302$12,737$7,482
12 years$18,225$16,123$14,234$12,545$11,038$6,118
13 years$16,650$14,570$12,717$11,075$9,625$5,028
14 years$15,302$13,244$11,427$9,831$8,437$4,148
15 years$14,135$12,099$10,317$8,768$7,429$3,433
16 years$13,114$11,100$9,354$7,850$6,566$2,849
17 years$12,214$10,223$8,511$7,054$5,822$2,369
18 years$11,416$9,446$7,770$6,357$5,176$1,974
19 years$10,702$8,755$7,113$5,744$4,614$1,646
20 years$10,060$8,135$6,528$5,202$4,121$1,375
21 years$9,480$7,578$6,004$4,721$3,688$1,150
22 years$8,954$7,074$5,534$4,293$3,306$962
23 years$8,474$6,616$5,110$3,909$2,967$806
24 years$8,035$6,199$4,726$3,566$2,667$675
25 years$7,631$5,817$4,377$3,256$2,400$566
26 years$7,260$5,467$4,059$2,977$2,162$474
27 years$6,916$5,145$3,769$2,725$1,949$398
28 years$6,597$4,848$3,504$2,497$1,759$334
29 years$6,301$4,574$3,261$2,290$1,588$280
30 years$6,025$4,319$3,037$2,101$1,435$235
31 years$5,768$4,083$2,832$1,930$1,297$198
32 years$5,527$3,864$2,642$1,774$1,173$166
33 years$5,301$3,659$2,467$1,631$1,062$139
34 years$5,089$3,468$2,305$1,501$962$117
35 years$4,889$3,289$2,155$1,382$871$98
36 years$4,701$3,122$2,016$1,272$789$83
37 years$4,524$2,965$1,887$1,172$715$69
38 years$4,356$2,818$1,767$1,081$648$58
39 years$4,197$2,680$1,655$996$588$49
40 years$4,047$2,549$1,552$919$533$41
41 years$3,904$2,427$1,455$848$484$35
42 years$3,769$2,311$1,365$782$439$29
43 years$3,640$2,202$1,281$722$398$24
44 years$3,517$2,099$1,202$667$362$21
45 years$3,400$2,002$1,129$616$328$17
46 years$3,288$1,909$1,060$569$298$14
47 years$3,182$1,822$996$526$271$12
48 years$3,080$1,740$936$486$246$10
49 years$2,983$1,661$880$449$223$9
50 years$2,890$1,587$827$415$203$7

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 $4,143 every year, while hoping to spend $39,591 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: 73/22/5 Blend
34$2,960,000$2,960,000$2,960,000$2,960,000
35$3,266,194$3,109,314$3,063,434$3,503,021
36$3,557,221$3,219,545$3,123,934$3,769,739
37$3,876,606$3,333,852$3,185,134$4,056,329
38$4,227,199$3,452,390$3,247,016$4,369,041
39$4,612,142$3,575,325$3,309,559$4,710,437
40$5,034,892$3,702,828$3,372,741$5,083,339
41$5,499,260$3,835,076$3,436,538$5,490,852
42$6,009,445$3,972,255$3,500,922$5,936,395
43$6,570,070$4,114,557$3,565,864$6,423,731
44$7,186,230$4,262,183$3,631,334$6,957,003
45$7,863,538$4,415,343$3,697,296$7,540,773
46$8,608,177$4,574,253$3,763,713$8,180,063
47$9,426,960$4,739,140$3,830,547$8,880,405
48$10,327,393$4,910,240$3,897,753$9,647,888
49$11,317,744$5,087,800$3,965,285$10,489,220
50$12,407,126$5,272,073$4,033,093$11,411,787
51$13,605,575$5,463,328$4,101,125$12,423,724
52$14,924,154$5,661,841$4,169,322$13,533,988
53$16,375,049$5,867,902$4,237,625$14,752,448
54$17,971,686$6,081,811$4,305,968$16,089,972
55$19,728,862$6,303,884$4,374,282$17,558,531
56$21,662,877$6,534,446$4,442,492$19,171,311
57$23,791,695$6,773,838$4,510,519$20,942,836
58$26,135,107$7,022,415$4,578,281$22,889,107
59$28,714,921$7,280,547$4,645,687$25,027,748
60$31,555,169$7,548,620$4,712,644$27,378,175
61$34,682,329$7,827,035$4,779,050$29,961,777
62$38,125,578$8,116,211$4,844,800$32,802,117
63$41,917,067$8,416,585$4,909,780$35,925,155
64$46,092,222$8,728,612$4,973,872$39,359,488
65$50,690,080$9,052,765$5,036,948$43,136,623
66$55,753,658$9,389,541$5,098,876$47,291,274
67$61,330,357$9,739,454$5,159,514$51,861,684
68$67,472,408$10,103,042$5,218,712$56,889,988
69$74,237,369$10,480,866$5,276,314$62,422,610
70$81,688,663$10,873,511$5,332,154$68,510,700
71$89,896,181$11,281,587$5,386,054$75,210,611
72$98,936,936$11,705,730$5,437,832$82,584,438
73$108,895,796$12,146,603$5,487,292$90,700,595
74$119,866,279$12,604,898$5,534,228$99,634,464
75$131,951,439$13,081,338$5,578,424$109,469,103
76$145,264,838$13,576,676$5,619,654$120,296,031
77$159,931,615$14,091,697$5,657,676$132,216,087
78$176,089,672$14,627,222$5,692,240$145,340,383
79$193,890,969$15,184,106$5,723,080$159,791,350
80$213,502,963$15,763,242$5,749,919$175,703,892
81$235,110,186$16,365,562$5,772,462$193,226,659
82$258,915,989$16,992,038$5,790,403$212,523,446
83$285,144,457$17,643,685$5,803,419$233,774,739
84$314,042,528$18,321,563$5,811,171$257,179,419
85$345,882,324$19,026,777$5,813,302$282,956,631
86$380,963,713$19,760,481$5,809,440$311,347,857
87$419,617,147$20,523,881$5,799,192$342,619,190
88$462,206,779$21,318,233$5,782,147$377,063,846
89$509,133,897$22,144,853$5,757,876$415,004,927
90$560,840,714$23,005,111$5,725,924$456,798,470
91$617,814,545$23,900,439$5,685,821$502,836,804
92$680,592,400$24,832,332$5,637,068$553,552,256
93$749,766,061$25,802,353$5,579,146$609,421,223
94$825,987,663$26,812,132$5,511,510$670,968,669
95$909,975,850$27,863,372$5,433,591$738,773,082
96$1,002,522,562$28,957,852$5,344,792$813,471,924
97$1,104,500,507$30,097,430$5,244,486$895,767,652
98$1,216,871,403$31,284,049$5,132,021$986,434,344
99$1,340,695,053$32,519,734$5,006,711$1,086,325,002
100$1,477,139,353$33,806,606$4,867,840$1,196,379,606