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

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 $2,970,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$245,260$243,075$240,944$238,863$236,832$227,795
2 years$121,416$119,154$116,963$114,838$112,777$103,779
3 years$80,140$77,869$75,683$73,578$71,550$62,874
4 years$59,506$57,242$55,078$53,009$51,030$42,742
5 years$47,129$44,878$42,743$40,716$38,792$30,914
6 years$38,880$36,646$34,542$32,561$30,695$23,231
7 years$32,990$30,776$28,705$26,770$24,963$17,912
8 years$28,575$26,380$24,344$22,457$20,710$14,063
9 years$25,143$22,969$20,967$19,128$17,440$11,190
10 years$22,399$20,246$18,280$16,489$14,860$8,995
11 years$20,155$18,024$16,093$14,350$12,780$7,286
12 years$18,286$16,177$14,282$12,587$11,075$5,938
13 years$16,707$14,619$12,760$11,112$9,658$4,863
14 years$15,354$13,289$11,465$9,864$8,466$3,998
15 years$14,182$12,139$10,352$8,797$7,454$3,297
16 years$13,158$11,138$9,385$7,877$6,588$2,726
17 years$12,256$10,257$8,540$7,077$5,841$2,259
18 years$11,454$9,478$7,796$6,378$5,194$1,875
19 years$10,738$8,784$7,137$5,763$4,629$1,558
20 years$10,094$8,163$6,550$5,220$4,135$1,296
21 years$9,512$7,603$6,025$4,737$3,700$1,080
22 years$8,984$7,098$5,553$4,307$3,317$900
23 years$8,503$6,638$5,127$3,923$2,977$751
24 years$8,062$6,220$4,742$3,578$2,676$626
25 years$7,657$5,837$4,392$3,267$2,408$523
26 years$7,284$5,486$4,073$2,987$2,169$437
27 years$6,939$5,163$3,782$2,735$1,956$365
28 years$6,619$4,865$3,516$2,505$1,765$305
29 years$6,322$4,589$3,272$2,298$1,593$255
30 years$6,046$4,334$3,048$2,109$1,440$213
31 years$5,787$4,097$2,841$1,937$1,302$178
32 years$5,545$3,877$2,651$1,780$1,177$149
33 years$5,319$3,671$2,475$1,637$1,066$125
34 years$5,106$3,480$2,313$1,506$965$104
35 years$4,906$3,300$2,162$1,386$874$87
36 years$4,717$3,132$2,023$1,277$792$73
37 years$4,539$2,975$1,893$1,176$718$61
38 years$4,371$2,827$1,773$1,084$651$51
39 years$4,211$2,689$1,661$1,000$590$43
40 years$4,060$2,558$1,557$922$535$36
41 years$3,917$2,435$1,460$851$485$30
42 years$3,781$2,319$1,369$785$441$25
43 years$3,652$2,210$1,285$725$400$21
44 years$3,529$2,106$1,206$669$363$18
45 years$3,411$2,008$1,133$618$329$15
46 years$3,300$1,916$1,064$571$299$12
47 years$3,193$1,828$999$527$272$10
48 years$3,091$1,745$939$487$247$9
49 years$2,993$1,667$883$450$224$7
50 years$2,900$1,592$830$416$203$6

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 $6,401 every year, while hoping to spend $28,139 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: 72/13/15 Blend
34$2,970,000$2,970,000$2,970,000$2,970,000
35$3,279,543$3,122,133$3,076,098$3,504,197
36$3,584,116$3,245,177$3,149,207$3,777,072
37$3,918,813$3,373,308$3,223,823$4,071,754
38$4,286,677$3,506,745$3,299,965$4,393,715
39$4,691,059$3,645,716$3,377,655$4,745,649
40$5,135,653$3,790,462$3,456,913$5,130,521
41$5,624,527$3,941,233$3,537,757$5,551,598
42$6,162,166$4,098,291$3,620,209$6,012,475
43$6,753,508$4,261,908$3,704,287$6,517,113
44$7,403,995$4,432,371$3,790,010$7,069,870
45$8,119,623$4,609,977$3,877,396$7,675,547
46$8,906,998$4,795,040$3,966,462$8,339,433
47$9,773,400$4,987,884$4,057,226$9,067,348
48$10,726,848$5,188,852$4,149,705$9,865,707
49$11,776,179$5,398,299$4,243,913$10,741,572
50$12,931,131$5,616,597$4,339,865$11,702,721
51$14,202,432$5,844,136$4,437,576$12,757,722
52$15,601,904$6,081,322$4,537,059$13,916,014
53$17,142,573$6,328,581$4,638,325$15,187,991
54$18,838,792$6,586,359$4,741,386$16,585,105
55$20,706,378$6,855,119$4,846,251$18,119,970
56$22,762,757$7,135,349$4,952,929$19,806,480
57$25,027,133$7,427,556$5,061,427$21,659,944
58$27,520,667$7,732,272$5,171,751$23,697,224
59$30,266,675$8,050,054$5,283,905$25,936,897
60$33,290,852$8,381,482$5,397,892$28,399,431
61$36,621,509$8,727,165$5,513,711$31,107,372
62$40,289,845$9,087,739$5,631,363$34,085,561
63$44,330,240$9,463,868$5,750,844$37,361,366
64$48,780,576$9,856,249$5,872,149$40,964,939
65$53,682,598$10,265,609$5,995,270$44,929,502
66$59,082,309$10,692,709$6,120,197$49,291,656
67$65,030,399$11,138,346$6,246,918$54,091,727
68$71,582,727$11,603,353$6,375,417$59,374,150
69$78,800,849$12,088,601$6,505,677$65,187,879
70$86,752,594$12,595,001$6,637,676$71,586,855
71$95,512,710$13,123,508$6,771,390$78,630,513
72$105,163,566$13,675,119$6,906,791$86,384,339
73$115,795,929$14,250,879$7,043,847$94,920,488
74$127,509,821$14,851,880$7,182,524$104,318,468
75$140,415,466$15,479,265$7,322,781$114,665,883
76$154,634,326$16,134,231$7,464,576$126,059,262
77$170,300,248$16,818,029$7,607,861$138,604,971
78$187,560,731$17,531,970$7,752,582$152,420,209
79$206,578,313$18,277,425$7,898,681$167,634,121
80$227,532,111$19,055,828$8,046,096$184,389,009
81$250,619,504$19,868,681$8,194,758$202,841,678
82$276,058,003$20,717,556$8,344,593$223,164,914
83$304,087,301$21,604,099$8,495,519$245,549,108
84$334,971,537$22,530,030$8,647,449$270,204,062
85$369,001,785$23,497,154$8,800,290$297,360,958
86$406,498,808$24,507,355$8,953,941$327,274,543
87$447,816,081$25,562,610$9,108,293$360,225,530
88$493,343,130$26,664,986$9,263,228$396,523,250
89$543,509,206$27,816,647$9,418,623$436,508,565
90$598,787,341$29,019,859$9,574,344$480,557,086
91$659,698,813$30,276,995$9,730,247$529,082,716
92$726,818,062$31,590,538$9,886,181$582,541,555
93$800,778,119$32,963,089$10,041,983$641,436,205
94$882,276,578$34,397,371$10,197,479$706,320,509
95$972,082,180$35,896,233$10,352,486$777,804,779
96$1,071,042,075$37,462,662$10,506,808$856,561,555
97$1,180,089,817$39,099,782$10,660,235$943,331,949
98$1,300,254,174$40,810,867$10,812,549$1,038,932,639
99$1,432,668,844$42,599,344$10,963,513$1,144,263,580
100$1,578,583,155$44,468,801$11,112,881$1,260,316,490