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%12.7%
1 years$245,260$243,075$240,944$238,863$236,832$234,164
2 years$121,416$119,154$116,963$114,838$112,777$110,091
3 years$80,140$77,869$75,683$73,578$71,550$68,930
4 years$59,506$57,242$55,078$53,009$51,030$48,496
5 years$47,129$44,878$42,743$40,716$38,792$36,351
6 years$38,880$36,646$34,542$32,561$30,695$28,349
7 years$32,990$30,776$28,705$26,770$24,963$22,715
8 years$28,575$26,380$24,344$22,457$20,710$18,558
9 years$25,143$22,969$20,967$19,128$17,440$15,385
10 years$22,399$20,246$18,280$16,489$14,860$12,899
11 years$20,155$18,024$16,093$14,350$12,780$10,912
12 years$18,286$16,177$14,282$12,587$11,075$9,298
13 years$16,707$14,619$12,760$11,112$9,658$7,969
14 years$15,354$13,289$11,465$9,864$8,466$6,864
15 years$14,182$12,139$10,352$8,797$7,454$5,936
16 years$13,158$11,138$9,385$7,877$6,588$5,151
17 years$12,256$10,257$8,540$7,077$5,841$4,483
18 years$11,454$9,478$7,796$6,378$5,194$3,912
19 years$10,738$8,784$7,137$5,763$4,629$3,420
20 years$10,094$8,163$6,550$5,220$4,135$2,996
21 years$9,512$7,603$6,025$4,737$3,700$2,628
22 years$8,984$7,098$5,553$4,307$3,317$2,309
23 years$8,503$6,638$5,127$3,923$2,977$2,031
24 years$8,062$6,220$4,742$3,578$2,676$1,789
25 years$7,657$5,837$4,392$3,267$2,408$1,576
26 years$7,284$5,486$4,073$2,987$2,169$1,390
27 years$6,939$5,163$3,782$2,735$1,956$1,227
28 years$6,619$4,865$3,516$2,505$1,765$1,084
29 years$6,322$4,589$3,272$2,298$1,593$958
30 years$6,046$4,334$3,048$2,109$1,440$847
31 years$5,787$4,097$2,841$1,937$1,302$749
32 years$5,545$3,877$2,651$1,780$1,177$663
33 years$5,319$3,671$2,475$1,637$1,066$587
34 years$5,106$3,480$2,313$1,506$965$519
35 years$4,906$3,300$2,162$1,386$874$460
36 years$4,717$3,132$2,023$1,277$792$407
37 years$4,539$2,975$1,893$1,176$718$361
38 years$4,371$2,827$1,773$1,084$651$320
39 years$4,211$2,689$1,661$1,000$590$283
40 years$4,060$2,558$1,557$922$535$251
41 years$3,917$2,435$1,460$851$485$223
42 years$3,781$2,319$1,369$785$441$197
43 years$3,652$2,210$1,285$725$400$175
44 years$3,529$2,106$1,206$669$363$155
45 years$3,411$2,008$1,133$618$329$138
46 years$3,300$1,916$1,064$571$299$122
47 years$3,193$1,828$999$527$272$108
48 years$3,091$1,745$939$487$247$96
49 years$2,993$1,667$883$450$224$85
50 years$2,900$1,592$830$416$203$76

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 $3,046 every year, while hoping to spend $39,769 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: 61/28/11 Blend
34$2,970,000$2,970,000$2,970,000$2,970,000
35$3,276,082$3,118,672$3,072,637$3,467,327
36$3,567,928$3,229,173$3,133,256$3,706,479
37$3,888,210$3,343,756$3,194,574$3,962,511
38$4,239,786$3,462,578$3,256,570$4,240,905
39$4,625,804$3,585,804$3,319,225$4,543,825
40$5,049,734$3,713,606$3,382,517$4,873,648
41$5,515,395$3,846,161$3,446,419$5,232,994
42$6,026,997$3,983,655$3,510,906$5,624,743
43$6,589,177$4,126,281$3,575,948$6,052,066
44$7,207,044$4,274,239$3,641,513$6,518,452
45$7,886,224$4,427,738$3,707,566$7,027,742
46$8,632,919$4,586,998$3,774,069$7,584,163
47$9,453,959$4,752,243$3,840,983$8,192,371
48$10,356,871$4,923,711$3,908,263$8,857,487
49$11,349,946$5,101,646$3,975,864$9,585,154
50$12,442,319$5,286,306$4,043,735$10,381,583
51$13,644,057$5,477,956$4,111,821$11,253,611
52$14,966,250$5,676,875$4,180,066$12,208,769
53$16,421,117$5,883,352$4,248,408$13,255,350
54$18,022,123$6,097,688$4,316,781$14,402,486
55$19,784,101$6,320,197$4,385,116$15,660,232
56$21,723,399$6,551,206$4,453,336$17,039,666
57$23,858,027$6,791,056$4,521,364$18,552,985
58$26,207,830$7,040,102$4,589,114$20,213,625
59$28,794,676$7,298,714$4,656,497$22,036,385
60$31,642,660$7,567,278$4,723,417$24,037,564
61$34,778,333$7,846,197$4,789,773$26,235,117
62$38,230,950$8,135,887$4,855,458$28,648,821
63$42,032,749$8,436,788$4,920,357$31,300,463
64$46,219,252$8,749,353$4,984,352$34,214,041
65$50,829,602$9,074,058$5,047,314$37,415,993
66$55,906,931$9,411,396$5,109,109$40,935,444
67$61,498,768$9,761,885$5,169,594$44,804,480
68$67,657,486$10,126,061$5,228,620$49,058,448
69$74,440,798$10,504,486$5,286,026$53,736,289
70$81,912,299$10,897,745$5,341,647$58,880,908
71$90,142,066$11,306,448$5,395,305$64,539,571
72$99,207,323$11,731,230$5,446,815$70,764,355
73$109,193,166$12,172,756$5,495,978$77,612,636
74$120,193,365$12,631,717$5,542,590$85,147,630
75$132,311,253$13,108,836$5,586,432$93,438,985
76$145,660,698$13,604,867$5,627,275$102,563,442
77$160,367,178$14,120,594$5,664,877$112,605,553
78$176,568,965$14,656,838$5,698,985$123,658,480
79$194,418,432$15,214,455$5,729,333$135,824,872
80$214,083,485$15,794,337$5,755,639$149,217,831
81$235,749,157$16,397,415$5,777,610$163,961,978
82$259,619,346$17,024,664$5,794,935$180,194,630
83$285,918,743$17,677,096$5,807,289$198,067,090
84$314,894,953$18,355,772$5,814,331$217,746,074
85$346,820,829$19,061,796$5,815,702$239,415,287
86$381,997,053$19,796,323$5,811,027$263,277,147
87$420,754,968$20,560,558$5,799,912$289,554,700
88$463,459,707$21,355,758$5,781,941$318,493,719
89$510,513,643$22,183,236$5,756,683$350,365,024
90$562,360,184$23,044,364$5,723,681$385,467,033
91$619,487,958$23,940,572$5,682,459$424,128,580
92$682,435,426$24,873,357$5,632,518$466,712,011
93$751,795,966$25,844,278$5,573,334$513,616,607
94$828,223,474$26,854,967$5,504,360$565,282,346
95$912,438,533$27,907,125$5,425,021$622,194,055
96$1,005,235,220$29,002,532$5,334,716$684,885,982
97$1,107,488,601$30,143,044$5,232,817$753,946,839
98$1,220,162,987$31,330,602$5,118,665$830,025,350
99$1,344,321,042$32,567,232$4,991,571$913,836,379
100$1,481,133,815$33,855,052$4,850,815$1,006,167,666