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%16%
1 years$245,260$243,075$240,944$238,863$236,832$231,013
2 years$121,416$119,154$116,963$114,838$112,777$106,950
3 years$80,140$77,869$75,683$73,578$71,550$65,898
4 years$59,506$57,242$55,078$53,009$51,030$45,596
5 years$47,129$44,878$42,743$40,716$38,792$33,591
6 years$38,880$36,646$34,542$32,561$30,695$25,732
7 years$32,990$30,776$28,705$26,770$24,963$20,240
8 years$28,575$26,380$24,344$22,457$20,710$16,223
9 years$25,143$22,969$20,967$19,128$17,440$13,187
10 years$22,399$20,246$18,280$16,489$14,860$10,835
11 years$20,155$18,024$16,093$14,350$12,780$8,977
12 years$18,286$16,177$14,282$12,587$11,075$7,488
13 years$16,707$14,619$12,760$11,112$9,658$6,280
14 years$15,354$13,289$11,465$9,864$8,466$5,290
15 years$14,182$12,139$10,352$8,797$7,454$4,472
16 years$13,158$11,138$9,385$7,877$6,588$3,792
17 years$12,256$10,257$8,540$7,077$5,841$3,223
18 years$11,454$9,478$7,796$6,378$5,194$2,746
19 years$10,738$8,784$7,137$5,763$4,629$2,343
20 years$10,094$8,163$6,550$5,220$4,135$2,002
21 years$9,512$7,603$6,025$4,737$3,700$1,713
22 years$8,984$7,098$5,553$4,307$3,317$1,468
23 years$8,503$6,638$5,127$3,923$2,977$1,258
24 years$8,062$6,220$4,742$3,578$2,676$1,080
25 years$7,657$5,837$4,392$3,267$2,408$927
26 years$7,284$5,486$4,073$2,987$2,169$796
27 years$6,939$5,163$3,782$2,735$1,956$684
28 years$6,619$4,865$3,516$2,505$1,765$589
29 years$6,322$4,589$3,272$2,298$1,593$506
30 years$6,046$4,334$3,048$2,109$1,440$436
31 years$5,787$4,097$2,841$1,937$1,302$375
32 years$5,545$3,877$2,651$1,780$1,177$323
33 years$5,319$3,671$2,475$1,637$1,066$278
34 years$5,106$3,480$2,313$1,506$965$239
35 years$4,906$3,300$2,162$1,386$874$206
36 years$4,717$3,132$2,023$1,277$792$178
37 years$4,539$2,975$1,893$1,176$718$153
38 years$4,371$2,827$1,773$1,084$651$132
39 years$4,211$2,689$1,661$1,000$590$114
40 years$4,060$2,558$1,557$922$535$98
41 years$3,917$2,435$1,460$851$485$84
42 years$3,781$2,319$1,369$785$441$73
43 years$3,652$2,210$1,285$725$400$63
44 years$3,529$2,106$1,206$669$363$54
45 years$3,411$2,008$1,133$618$329$47
46 years$3,300$1,916$1,064$571$299$40
47 years$3,193$1,828$999$527$272$35
48 years$3,091$1,745$939$487$247$30
49 years$2,993$1,667$883$450$224$26
50 years$2,900$1,592$830$416$203$22

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 $4,499 every year, while hoping to spend $24,963 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: 72/14/14 Blend
34$2,970,000$2,970,000$2,970,000$2,970,000
35$3,277,581$3,120,171$3,074,136$3,503,194
36$3,585,334$3,246,499$3,150,559$3,779,640
37$3,923,640$3,378,180$3,228,705$4,078,783
38$4,295,592$3,515,451$3,308,607$4,405,698
39$4,704,592$3,658,557$3,390,295$4,763,126
40$5,154,392$3,807,758$3,473,801$5,154,088
41$5,649,124$3,963,323$3,559,158$5,581,905
42$6,193,342$4,125,533$3,646,397$6,050,237
43$6,792,062$4,294,684$3,735,551$6,563,113
44$7,450,813$4,471,083$3,826,652$7,124,967
45$8,175,683$4,655,054$3,919,733$7,740,686
46$8,973,385$4,846,933$4,014,825$8,415,646
47$9,851,311$5,047,074$4,111,963$9,155,772
48$10,817,608$5,255,845$4,211,178$9,967,587
49$11,881,255$5,473,631$4,312,502$10,858,274
50$13,052,141$5,700,837$4,415,969$11,835,747
51$14,341,166$5,937,885$4,521,611$12,908,719
52$15,760,339$6,185,215$4,629,459$14,086,788
53$17,322,893$6,443,291$4,739,546$15,380,528
54$19,043,411$6,712,595$4,851,903$16,801,582
55$20,937,959$6,993,632$4,966,562$18,362,780
56$23,024,243$7,286,932$5,083,554$20,078,251
57$25,321,772$7,593,048$5,202,910$21,963,561
58$27,852,045$7,912,559$5,324,659$24,035,856
59$30,638,750$8,246,071$5,448,832$26,314,026
60$33,707,992$8,594,218$5,575,456$28,818,880
61$37,088,535$8,957,662$5,704,562$31,573,344
62$40,812,076$9,337,099$5,836,176$34,602,673
63$44,913,545$9,733,254$5,970,325$37,934,691
64$49,431,431$10,146,888$6,107,036$41,600,053
65$54,408,148$10,578,796$6,246,332$45,632,534
66$59,890,433$11,029,811$6,388,238$50,069,341
67$65,929,790$11,500,804$6,532,776$54,951,472
68$72,582,973$11,992,688$6,679,969$60,324,095
69$79,912,523$12,506,417$6,829,835$66,236,975
70$87,987,359$13,042,990$6,982,393$72,744,946
71$96,883,427$13,603,454$7,137,661$79,908,422
72$106,684,417$14,188,903$7,295,652$87,793,968
73$117,482,552$14,800,485$7,456,382$96,474,931
74$129,379,462$15,439,397$7,619,859$106,032,123
75$142,487,137$16,106,898$7,786,095$116,554,590
76$156,928,991$16,804,302$7,955,095$128,140,446
77$172,841,021$17,532,986$8,126,864$140,897,800
78$190,373,094$18,294,391$8,301,403$154,945,776
79$209,690,361$19,090,027$8,478,711$170,415,632
80$230,974,814$19,921,475$8,658,784$187,451,999
81$254,427,006$20,790,389$8,841,615$206,214,248
82$280,267,944$21,698,501$9,027,192$226,877,985
83$308,741,174$22,647,627$9,215,502$249,636,716
84$340,115,078$23,639,666$9,406,527$274,703,662
85$374,685,414$24,676,607$9,600,243$302,313,778
86$412,778,099$25,760,534$9,796,624$332,725,964
87$454,752,294$26,893,629$9,995,640$366,225,506
88$501,003,788$28,078,176$10,197,253$403,126,771
89$551,968,737$29,316,570$10,401,424$443,776,169
90$608,127,782$30,611,315$10,608,105$488,555,420
91$670,010,583$31,965,037$10,817,245$537,885,158
92$738,200,824$33,380,485$11,028,784$592,228,895
93$813,341,718$34,860,539$11,242,658$652,097,396
94$896,142,083$36,408,215$11,458,796$718,053,498
95$987,383,029$38,026,671$11,677,119$790,717,419
96$1,087,925,336$39,719,216$11,897,542$870,772,611
97$1,198,717,580$41,489,318$12,119,969$958,972,207
98$1,320,805,085$43,340,606$12,344,299$1,056,146,126
99$1,455,339,792$45,276,884$12,570,422$1,163,208,910
100$1,603,591,135$47,302,136$12,798,216$1,281,168,346