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%11.6%
1 years$244,434$242,257$240,132$238,059$236,035$234,449
2 years$121,007$118,753$116,569$114,451$112,397$110,798
3 years$79,870$77,607$75,428$73,330$71,310$69,746
4 years$59,306$57,049$54,892$52,830$50,859$49,343
5 years$46,970$44,727$42,599$40,579$38,662$37,199
6 years$38,749$36,523$34,426$32,451$30,592$29,183
7 years$32,879$30,672$28,608$26,680$24,879$23,526
8 years$28,479$26,292$24,262$22,381$20,640$19,341
9 years$25,058$22,892$20,897$19,064$17,382$16,138
10 years$22,323$20,178$18,218$16,433$14,810$13,621
11 years$20,087$17,963$16,039$14,302$12,737$11,601
12 years$18,225$16,123$14,234$12,545$11,038$9,954
13 years$16,650$14,570$12,717$11,075$9,625$8,592
14 years$15,302$13,244$11,427$9,831$8,437$7,454
15 years$14,135$12,099$10,317$8,768$7,429$6,494
16 years$13,114$11,100$9,354$7,850$6,566$5,678
17 years$12,214$10,223$8,511$7,054$5,822$4,980
18 years$11,416$9,446$7,770$6,357$5,176$4,379
19 years$10,702$8,755$7,113$5,744$4,614$3,859
20 years$10,060$8,135$6,528$5,202$4,121$3,408
21 years$9,480$7,578$6,004$4,721$3,688$3,014
22 years$8,954$7,074$5,534$4,293$3,306$2,670
23 years$8,474$6,616$5,110$3,909$2,967$2,369
24 years$8,035$6,199$4,726$3,566$2,667$2,103
25 years$7,631$5,817$4,377$3,256$2,400$1,870
26 years$7,260$5,467$4,059$2,977$2,162$1,663
27 years$6,916$5,145$3,769$2,725$1,949$1,481
28 years$6,597$4,848$3,504$2,497$1,759$1,320
29 years$6,301$4,574$3,261$2,290$1,588$1,177
30 years$6,025$4,319$3,037$2,101$1,435$1,050
31 years$5,768$4,083$2,832$1,930$1,297$937
32 years$5,527$3,864$2,642$1,774$1,173$836
33 years$5,301$3,659$2,467$1,631$1,062$747
34 years$5,089$3,468$2,305$1,501$962$668
35 years$4,889$3,289$2,155$1,382$871$597
36 years$4,701$3,122$2,016$1,272$789$533
37 years$4,524$2,965$1,887$1,172$715$477
38 years$4,356$2,818$1,767$1,081$648$427
39 years$4,197$2,680$1,655$996$588$382
40 years$4,047$2,549$1,552$919$533$341
41 years$3,904$2,427$1,455$848$484$306
42 years$3,769$2,311$1,365$782$439$273
43 years$3,640$2,202$1,281$722$398$245
44 years$3,517$2,099$1,202$667$362$219
45 years$3,400$2,002$1,129$616$328$196
46 years$3,288$1,909$1,060$569$298$176
47 years$3,182$1,822$996$526$271$157
48 years$3,080$1,740$936$486$246$141
49 years$2,983$1,661$880$449$223$126
50 years$2,890$1,587$827$415$203$113

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 $6,337 every year, while hoping to spend $35,898 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: 55/40/5 Blend
34$2,960,000$2,960,000$2,960,000$2,960,000
35$3,268,457$3,111,577$3,065,697$3,444,543
36$3,563,644$3,225,849$3,130,202$3,678,199
37$3,887,737$3,344,517$3,195,666$3,927,901
38$4,243,647$3,467,759$3,262,081$4,198,859
39$4,634,580$3,595,760$3,329,441$4,493,092
40$5,064,067$3,728,712$3,397,738$4,812,822
41$5,536,000$3,866,817$3,466,960$5,160,492
42$6,054,664$4,010,284$3,537,096$5,538,786
43$6,624,784$4,159,331$3,608,132$5,950,659
44$7,251,561$4,314,187$3,680,054$6,399,358
45$7,940,727$4,475,089$3,752,842$6,888,457
46$8,698,598$4,642,285$3,826,479$7,421,886
47$9,532,130$4,816,033$3,900,942$8,003,970
48$10,448,991$4,996,602$3,976,207$8,639,466
49$11,457,626$5,184,273$4,052,248$9,333,611
50$12,567,341$5,379,340$4,129,035$10,092,166
51$13,788,390$5,582,107$4,206,538$10,921,474
52$15,132,069$5,792,895$4,284,721$11,828,513
53$16,610,828$6,012,034$4,363,547$12,820,966
54$18,238,382$6,239,874$4,442,975$13,907,290
55$20,029,844$6,476,774$4,522,961$15,096,794
56$22,001,866$6,723,114$4,603,459$16,399,729
57$24,172,797$6,979,287$4,684,415$17,827,377
58$26,562,855$7,245,706$4,765,776$19,392,163
59$29,194,319$7,522,798$4,847,482$21,107,768
60$32,091,737$7,811,012$4,929,470$22,989,254
61$35,282,159$8,110,817$5,011,672$25,053,211
62$38,795,392$8,422,699$5,094,016$27,317,904
63$42,664,279$8,747,169$5,176,422$29,803,451
64$46,925,013$9,084,758$5,258,810$32,532,007
65$51,617,475$9,436,021$5,341,091$35,527,972
66$56,785,611$9,801,539$5,423,171$38,818,221
67$62,477,846$10,181,917$5,504,950$42,432,353
68$68,747,542$10,577,787$5,586,321$46,402,971
69$75,653,501$10,989,808$5,667,173$50,765,986
70$83,260,519$11,418,671$5,747,384$55,560,954
71$91,640,000$11,865,093$5,826,830$60,831,449
72$100,870,626$12,329,829$5,905,374$66,625,469
73$111,039,101$12,813,661$5,982,875$72,995,887
74$122,240,970$13,317,411$6,059,182$80,000,950
75$134,581,520$13,841,935$6,134,136$87,704,823
76$148,176,773$14,388,128$6,207,567$96,178,195
77$163,154,581$14,956,924$6,279,299$105,498,940
78$179,655,836$15,549,301$6,349,142$115,752,853
79$197,835,792$16,166,277$6,416,899$127,034,451
80$217,865,538$16,808,920$6,482,361$139,447,869
81$239,933,609$17,478,343$6,545,306$153,107,834
82$264,247,765$18,175,710$6,605,502$168,140,746
83$291,036,954$18,902,237$6,662,703$184,685,868
84$320,553,472$19,659,195$6,716,653$202,896,637
85$353,075,344$20,447,913$6,767,078$222,942,107
86$388,908,947$21,269,779$6,813,693$245,008,543
87$428,391,905$22,126,244$6,856,197$269,301,172
88$471,896,273$23,018,824$6,894,274$296,046,117
89$519,832,052$23,949,105$6,927,590$325,492,527
90$572,651,054$24,918,744$6,955,798$357,914,924
91$630,851,173$25,929,473$6,978,528$393,615,789
92$694,981,079$26,983,104$6,995,395$432,928,413
93$765,645,403$28,081,530$7,005,995$476,220,036
94$843,510,441$29,226,732$7,009,902$523,895,309
95$929,310,442$30,420,778$7,006,670$576,400,107
96$1,023,854,544$31,665,833$6,995,831$634,225,733
97$1,128,034,409$32,964,161$6,976,893$697,913,547
98$1,242,832,642$34,318,127$6,949,342$768,060,074
99$1,369,332,064$35,730,209$6,912,638$845,322,623
100$1,508,725,938$37,202,992$6,866,214$930,425,488