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

Use the below retirement simulation to view the chances of a successful retirement.
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%14.7%
1 years$244,434$242,257$240,132$238,059$236,035$231,458
2 years$121,007$118,753$116,569$114,451$112,397$107,805
3 years$79,870$77,607$75,428$73,330$71,310$66,845
4 years$59,306$57,049$54,892$52,830$50,859$46,556
5 years$46,970$44,727$42,599$40,579$38,662$34,533
6 years$38,749$36,523$34,426$32,451$30,592$26,642
7 years$32,879$30,672$28,608$26,680$24,879$21,109
8 years$28,479$26,292$24,262$22,381$20,640$17,048
9 years$25,058$22,892$20,897$19,064$17,382$13,967
10 years$22,323$20,178$18,218$16,433$14,810$11,568
11 years$20,087$17,963$16,039$14,302$12,737$9,664
12 years$18,225$16,123$14,234$12,545$11,038$8,130
13 years$16,650$14,570$12,717$11,075$9,625$6,877
14 years$15,302$13,244$11,427$9,831$8,437$5,844
15 years$14,135$12,099$10,317$8,768$7,429$4,986
16 years$13,114$11,100$9,354$7,850$6,566$4,267
17 years$12,214$10,223$8,511$7,054$5,822$3,661
18 years$11,416$9,446$7,770$6,357$5,176$3,148
19 years$10,702$8,755$7,113$5,744$4,614$2,713
20 years$10,060$8,135$6,528$5,202$4,121$2,341
21 years$9,480$7,578$6,004$4,721$3,688$2,023
22 years$8,954$7,074$5,534$4,293$3,306$1,751
23 years$8,474$6,616$5,110$3,909$2,967$1,516
24 years$8,035$6,199$4,726$3,566$2,667$1,314
25 years$7,631$5,817$4,377$3,256$2,400$1,140
26 years$7,260$5,467$4,059$2,977$2,162$990
27 years$6,916$5,145$3,769$2,725$1,949$860
28 years$6,597$4,848$3,504$2,497$1,759$747
29 years$6,301$4,574$3,261$2,290$1,588$650
30 years$6,025$4,319$3,037$2,101$1,435$565
31 years$5,768$4,083$2,832$1,930$1,297$492
32 years$5,527$3,864$2,642$1,774$1,173$428
33 years$5,301$3,659$2,467$1,631$1,062$372
34 years$5,089$3,468$2,305$1,501$962$324
35 years$4,889$3,289$2,155$1,382$871$282
36 years$4,701$3,122$2,016$1,272$789$246
37 years$4,524$2,965$1,887$1,172$715$214
38 years$4,356$2,818$1,767$1,081$648$187
39 years$4,197$2,680$1,655$996$588$163
40 years$4,047$2,549$1,552$919$533$142
41 years$3,904$2,427$1,455$848$484$123
42 years$3,769$2,311$1,365$782$439$108
43 years$3,640$2,202$1,281$722$398$94
44 years$3,517$2,099$1,202$667$362$82
45 years$3,400$2,002$1,129$616$328$71
46 years$3,288$1,909$1,060$569$298$62
47 years$3,182$1,822$996$526$271$54
48 years$3,080$1,740$936$486$246$47
49 years$2,983$1,661$880$449$223$41
50 years$2,890$1,587$827$415$203$36

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 $6,998 every year, while hoping to spend $59,142 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: 62/25/13 Blend
34$2,960,000$2,960,000$2,960,000$2,960,000
35$3,269,138$3,112,258$3,066,378$3,461,203
36$3,539,664$3,201,832$3,106,175$3,680,475
37$3,835,801$3,293,813$3,145,324$3,912,348
38$4,160,099$3,388,257$3,183,738$4,164,014
39$4,515,367$3,485,219$3,221,331$4,437,394
40$4,904,696$3,584,757$3,258,008$4,734,605
41$5,331,493$3,686,928$3,293,669$5,057,974
42$5,799,509$3,791,791$3,328,210$5,410,067
43$6,312,875$3,899,404$3,361,521$5,793,707
44$6,876,141$4,009,828$3,393,485$6,212,003
45$7,494,320$4,123,122$3,423,980$6,668,379
46$8,172,933$4,239,347$3,452,875$7,166,606
47$8,918,061$4,358,565$3,480,036$7,710,837
48$9,736,404$4,480,835$3,505,318$8,305,647
49$10,635,343$4,606,222$3,528,571$8,956,074
50$11,623,006$4,734,785$3,549,637$9,667,668
51$12,708,352$4,866,589$3,568,349$10,446,543
52$13,901,246$5,001,694$3,584,531$11,299,434
53$15,212,560$5,140,164$3,598,000$12,233,759
54$16,654,270$5,282,060$3,608,561$13,257,692
55$18,239,569$5,427,445$3,616,012$14,380,237
56$19,982,996$5,576,381$3,620,139$15,611,315
57$21,900,567$5,728,929$3,620,719$16,961,854
58$24,009,929$5,885,150$3,617,517$18,443,896
59$26,330,523$6,045,104$3,610,285$20,070,708
60$28,883,773$6,208,851$3,598,766$21,856,909
61$31,693,282$6,376,448$3,582,689$23,818,603
62$34,785,056$6,547,954$3,561,769$25,973,538
63$38,187,752$6,723,424$3,535,709$28,341,266
64$41,932,944$6,902,913$3,504,196$30,943,333
65$46,055,421$7,086,473$3,466,903$33,803,480
66$50,593,519$7,274,154$3,423,489$36,947,866
67$55,589,477$7,466,007$3,373,595$40,405,315
68$61,089,838$7,662,075$3,316,845$44,207,589
69$67,145,888$7,862,404$3,252,846$48,389,690
70$73,814,139$8,067,032$3,181,187$52,990,182
71$81,156,862$8,275,997$3,101,437$58,051,565
72$89,242,674$8,489,333$3,013,147$63,620,668
73$98,147,184$8,707,068$2,915,845$69,749,098
74$107,953,710$8,929,228$2,809,039$76,493,718
75$118,754,060$9,155,832$2,692,214$83,917,195
76$130,649,402$9,386,895$2,564,831$92,088,581
77$143,751,215$9,622,427$2,426,327$101,083,970
78$158,182,344$9,862,430$2,276,113$110,987,218
79$174,078,155$10,106,902$2,113,576$121,890,729
80$191,587,818$10,355,831$1,938,071$133,896,334
81$210,875,707$10,609,199$1,748,929$147,116,244
82$232,122,959$10,866,979$1,545,447$161,674,119
83$255,529,174$11,129,134$1,326,893$177,706,227
84$281,314,308$11,395,620$1,092,502$195,362,736
85$309,720,742$11,666,380$841,476$214,809,130
86$341,015,573$11,941,348$572,980$236,227,770
87$375,493,130$12,220,443$286,144$259,819,617
88$413,477,759$12,503,573$0$285,806,131
89$455,326,875$12,790,634$0$314,434,129
90$501,434,345$13,081,504$0$346,012,318
91$552,234,197$13,376,046$0$380,797,476
92$608,204,721$13,674,108$0$419,116,348
93$669,872,981$13,975,517$0$461,329,001
94$737,819,792$14,280,085$0$507,832,220
95$812,685,200$14,587,598$0$559,063,254
96$895,174,525$14,897,826$0$615,503,945
97$986,065,018$15,210,510$0$677,685,272
98$1,086,213,196$15,525,371$0$746,192,368
99$1,196,562,928$15,842,101$0$821,670,043
100$1,318,154,347$16,160,364$0$904,828,866