Can I retire at age 35 with 2,970,000?

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 $2,970,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$245,260$243,075$240,944$238,863$236,832$227,435
2 years$121,416$119,154$116,963$114,838$112,777$103,427
3 years$80,140$77,869$75,683$73,578$71,550$62,541
4 years$59,506$57,242$55,078$53,009$51,030$42,430
5 years$47,129$44,878$42,743$40,716$38,792$30,623
6 years$38,880$36,646$34,542$32,561$30,695$22,962
7 years$32,990$30,776$28,705$26,770$24,963$17,663
8 years$28,575$26,380$24,344$22,457$20,710$13,836
9 years$25,143$22,969$20,967$19,128$17,440$10,982
10 years$22,399$20,246$18,280$16,489$14,860$8,805
11 years$20,155$18,024$16,093$14,350$12,780$7,114
12 years$18,286$16,177$14,282$12,587$11,075$5,782
13 years$16,707$14,619$12,760$11,112$9,658$4,722
14 years$15,354$13,289$11,465$9,864$8,466$3,872
15 years$14,182$12,139$10,352$8,797$7,454$3,184
16 years$13,158$11,138$9,385$7,877$6,588$2,625
17 years$12,256$10,257$8,540$7,077$5,841$2,168
18 years$11,454$9,478$7,796$6,378$5,194$1,794
19 years$10,738$8,784$7,137$5,763$4,629$1,487
20 years$10,094$8,163$6,550$5,220$4,135$1,233
21 years$9,512$7,603$6,025$4,737$3,700$1,024
22 years$8,984$7,098$5,553$4,307$3,317$851
23 years$8,503$6,638$5,127$3,923$2,977$707
24 years$8,062$6,220$4,742$3,578$2,676$588
25 years$7,657$5,837$4,392$3,267$2,408$490
26 years$7,284$5,486$4,073$2,987$2,169$408
27 years$6,939$5,163$3,782$2,735$1,956$339
28 years$6,619$4,865$3,516$2,505$1,765$283
29 years$6,322$4,589$3,272$2,298$1,593$236
30 years$6,046$4,334$3,048$2,109$1,440$196
31 years$5,787$4,097$2,841$1,937$1,302$164
32 years$5,545$3,877$2,651$1,780$1,177$136
33 years$5,319$3,671$2,475$1,637$1,066$114
34 years$5,106$3,480$2,313$1,506$965$95
35 years$4,906$3,300$2,162$1,386$874$79
36 years$4,717$3,132$2,023$1,277$792$66
37 years$4,539$2,975$1,893$1,176$718$55
38 years$4,371$2,827$1,773$1,084$651$46
39 years$4,211$2,689$1,661$1,000$590$38
40 years$4,060$2,558$1,557$922$535$32
41 years$3,917$2,435$1,460$851$485$27
42 years$3,781$2,319$1,369$785$441$22
43 years$3,652$2,210$1,285$725$400$18
44 years$3,529$2,106$1,206$669$363$15
45 years$3,411$2,008$1,133$618$329$13
46 years$3,300$1,916$1,064$571$299$11
47 years$3,193$1,828$999$527$272$9
48 years$3,091$1,745$939$487$247$7
49 years$2,993$1,667$883$450$224$6
50 years$2,900$1,592$830$416$203$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $2,970,000, adding $2,586 every year, while hoping to spend $43,429 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: 63/7/30 Blend
34$2,970,000$2,970,000$2,970,000$2,970,000
35$3,275,607$3,118,197$3,072,162$3,455,409
36$3,563,511$3,224,781$3,128,872$3,684,498
37$3,879,326$3,335,132$3,186,025$3,929,692
38$4,225,852$3,449,388$3,243,592$4,196,626
39$4,606,175$3,567,694$3,301,539$4,487,443
40$5,023,694$3,690,200$3,359,829$4,804,503
41$5,482,151$3,817,061$3,418,424$5,150,402
42$5,985,672$3,948,438$3,477,283$5,528,005
43$6,538,798$4,084,499$3,536,359$5,940,462
44$7,146,535$4,225,419$3,595,607$6,391,248
45$7,814,396$4,371,379$3,654,974$6,884,186
46$8,548,454$4,522,566$3,714,405$7,423,492
47$9,355,402$4,679,177$3,773,843$8,013,806
48$10,242,610$4,841,414$3,833,224$8,660,243
49$11,218,202$5,009,489$3,892,483$9,368,436
50$12,291,126$5,183,622$3,951,549$10,144,594
51$13,471,242$5,364,040$4,010,346$10,995,554
52$14,769,411$5,550,981$4,068,796$11,928,850
53$16,197,603$5,744,691$4,126,812$12,952,785
54$17,769,005$5,945,426$4,184,306$14,076,504
55$19,498,145$6,153,455$4,241,183$15,310,085
56$21,401,035$6,369,052$4,297,341$16,664,632
57$23,495,312$6,592,507$4,352,673$18,152,379
58$25,800,414$6,824,120$4,407,068$19,786,809
59$28,337,756$7,064,202$4,460,405$21,582,774
60$31,130,937$7,313,078$4,512,558$23,556,644
61$34,205,958$7,571,085$4,563,395$25,726,454
62$37,591,471$7,838,573$4,612,774$28,112,077
63$41,319,046$8,115,908$4,660,547$30,735,414
64$45,423,471$8,403,470$4,706,558$33,620,595
65$49,943,079$8,701,654$4,750,641$36,794,211
66$54,920,109$9,010,871$4,792,623$40,285,564
67$60,401,105$9,331,548$4,832,321$44,126,943
68$66,437,356$9,664,132$4,869,542$48,353,929
69$73,085,378$10,009,086$4,904,083$53,005,729
70$80,407,447$10,366,892$4,935,730$58,125,549
71$88,472,189$10,738,052$4,964,260$63,761,002
72$97,355,225$11,123,090$4,989,435$69,964,553
73$107,139,885$11,522,548$5,011,009$76,794,018
74$117,917,995$11,936,995$5,028,719$84,313,109
75$129,790,743$12,367,019$5,042,293$92,592,035
76$142,869,631$12,813,236$5,051,443$101,708,166
77$157,277,534$13,276,285$5,055,866$111,746,761
78$173,149,851$13,756,832$5,055,247$122,801,774
79$190,635,790$14,255,571$5,049,252$134,976,742
80$209,899,772$14,773,225$5,037,532$148,385,761
81$231,122,982$15,310,546$5,019,723$163,154,564
82$254,505,083$15,868,320$4,995,441$179,421,706
83$280,266,096$16,447,362$4,964,283$197,339,877
84$308,648,480$17,048,524$4,925,828$217,077,337
85$339,919,416$17,672,694$4,879,635$238,819,510
86$374,373,336$18,320,795$4,825,241$262,770,730
87$412,334,692$18,993,790$4,762,163$289,156,176
88$454,161,028$19,692,683$4,689,893$318,223,991
89$500,246,348$20,418,520$4,607,900$350,247,629
90$551,024,840$21,172,391$4,515,628$385,528,438
91$606,974,968$21,955,433$4,412,497$424,398,501
92$668,623,996$22,768,830$4,297,896$467,223,774
93$736,552,958$23,613,818$4,171,191$514,407,540
94$811,402,148$24,491,683$4,031,714$566,394,218
95$893,877,160$25,403,769$3,878,769$623,673,558
96$984,755,551$26,351,474$3,711,629$686,785,263
97$1,084,894,180$27,336,259$3,529,531$756,324,089
98$1,195,237,297$28,359,646$3,331,680$832,945,455
99$1,316,825,454$29,423,222$3,117,245$917,371,636
100$1,450,805,333$30,528,642$2,885,355$1,010,398,579