Can I retire at age 35 with 2,980,000?

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 $2,980,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$246,086$243,894$241,755$239,668$237,629$235,344
2 years$121,825$119,556$117,357$115,225$113,157$110,854
3 years$80,410$78,131$75,938$73,826$71,791$69,543
4 years$59,706$57,435$55,263$53,187$51,202$49,026
5 years$47,287$45,029$42,886$40,853$38,923$36,825
6 years$39,011$36,770$34,659$32,670$30,799$28,782
7 years$33,101$30,879$28,801$26,860$25,047$23,112
8 years$28,671$26,469$24,426$22,532$20,779$18,926
9 years$25,228$23,046$21,038$19,193$17,499$15,727
10 years$22,474$20,314$18,341$16,544$14,910$13,218
11 years$20,223$18,084$16,148$14,398$12,823$11,209
12 years$18,348$16,232$14,331$12,629$11,112$9,575
13 years$16,763$14,669$12,803$11,150$9,690$8,229
14 years$15,405$13,333$11,504$9,898$8,494$7,106
15 years$14,230$12,180$10,386$8,827$7,479$6,162
16 years$13,203$11,175$9,417$7,903$6,610$5,362
17 years$12,297$10,292$8,569$7,101$5,861$4,680
18 years$11,493$9,510$7,822$6,400$5,211$4,095
19 years$10,774$8,814$7,161$5,783$4,645$3,591
20 years$10,128$8,190$6,572$5,237$4,149$3,155
21 years$9,544$7,629$6,045$4,753$3,713$2,776
22 years$9,014$7,121$5,571$4,322$3,328$2,446
23 years$8,531$6,661$5,144$3,936$2,987$2,158
24 years$8,089$6,240$4,757$3,590$2,685$1,906
25 years$7,683$5,856$4,406$3,278$2,416$1,685
26 years$7,309$5,504$4,087$2,998$2,176$1,491
27 years$6,963$5,180$3,795$2,744$1,962$1,320
28 years$6,642$4,881$3,528$2,514$1,771$1,170
29 years$6,344$4,605$3,283$2,305$1,599$1,037
30 years$6,066$4,349$3,058$2,116$1,445$920
31 years$5,807$4,111$2,851$1,943$1,306$816
32 years$5,564$3,890$2,660$1,786$1,181$725
33 years$5,337$3,684$2,484$1,642$1,069$644
34 years$5,123$3,491$2,320$1,511$968$572
35 years$4,922$3,311$2,169$1,391$877$508
36 years$4,733$3,143$2,029$1,281$794$452
37 years$4,554$2,985$1,900$1,180$720$401
38 years$4,385$2,837$1,779$1,088$653$357
39 years$4,226$2,698$1,667$1,003$592$317
40 years$4,074$2,567$1,562$925$537$282
41 years$3,930$2,443$1,465$854$487$251
42 years$3,794$2,327$1,374$788$442$223
43 years$3,664$2,217$1,289$727$401$199
44 years$3,541$2,113$1,210$671$364$177
45 years$3,423$2,015$1,136$620$331$157
46 years$3,311$1,922$1,067$573$300$140
47 years$3,204$1,835$1,003$529$273$125
48 years$3,101$1,751$942$489$247$111
49 years$3,003$1,672$886$452$225$99
50 years$2,910$1,598$833$418$204$88

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $2,980,000, adding $3,185 every year, while hoping to spend $25,342 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: 67/19/14 Blend
34$2,980,000$2,980,000$2,980,000$2,980,000
35$3,287,245$3,129,305$3,083,115$3,496,632
36$3,595,581$3,255,678$3,159,436$3,763,009
37$3,934,517$3,387,393$3,237,464$4,050,871
38$4,307,148$3,524,686$3,317,230$4,364,977
39$4,716,885$3,667,803$3,398,764$4,707,898
40$5,167,482$3,817,000$3,482,098$5,082,463
41$5,663,078$3,972,546$3,567,262$5,491,785
42$6,208,234$4,134,723$3,654,286$5,939,292
43$6,807,972$4,303,823$3,743,204$6,428,756
44$7,467,829$4,480,153$3,834,044$6,964,329
45$8,193,902$4,664,035$3,926,839$7,550,584
46$8,992,912$4,855,805$4,021,620$8,192,553
47$9,872,263$5,055,813$4,118,418$8,895,777
48$10,840,112$5,264,427$4,217,264$9,666,359
49$11,905,450$5,482,030$4,318,189$10,511,015
50$13,078,182$5,709,025$4,421,224$11,437,145
51$14,369,221$5,945,832$4,526,399$12,452,894
52$15,790,593$6,192,890$4,633,746$13,567,235
53$17,355,551$6,450,658$4,743,293$14,790,047
54$19,078,695$6,719,618$4,855,071$16,132,211
55$20,976,115$7,000,273$4,969,109$17,605,712
56$23,065,541$7,293,149$5,085,437$19,223,749
57$25,366,509$7,598,796$5,204,082$21,000,861
58$27,900,547$7,917,791$5,325,073$22,953,062
59$30,691,376$8,250,736$5,448,436$25,097,990
60$33,765,137$8,598,262$5,574,199$27,455,075
61$37,150,633$8,961,029$5,702,387$30,045,721
62$40,879,606$9,339,728$5,833,025$32,893,502
63$44,987,031$9,735,080$5,966,137$36,024,393
64$49,511,452$10,147,843$6,101,746$39,467,004
65$54,495,339$10,578,806$6,239,874$43,252,856
66$59,985,495$11,028,799$6,380,541$47,416,671
67$66,033,494$11,498,688$6,523,767$51,996,704
68$72,696,166$11,989,380$6,669,569$57,035,101
69$80,036,140$12,501,825$6,817,965$62,578,292
70$88,122,428$13,037,016$6,968,968$68,677,434
71$97,031,079$13,595,993$7,122,592$75,388,886
72$106,845,898$14,179,845$7,278,847$82,774,742
73$117,659,234$14,789,712$7,437,743$90,903,417
74$129,572,854$15,426,786$7,599,286$99,850,289
75$142,698,904$16,092,317$7,763,481$109,698,408
76$157,160,963$16,787,612$7,930,329$120,539,280
77$173,095,216$17,514,040$8,099,830$132,473,728
78$190,651,734$18,273,034$8,271,979$145,612,840
79$209,995,892$19,066,093$8,446,772$160,079,018
80$231,309,931$19,894,790$8,624,197$176,007,130
81$254,794,677$20,760,768$8,804,240$193,545,780
82$280,671,438$21,665,749$8,986,887$212,858,709
83$309,184,092$22,611,538$9,172,114$234,126,339
84$340,601,387$23,600,021$9,359,898$257,547,470
85$375,219,483$24,633,177$9,550,209$283,341,159
86$413,364,742$25,713,074$9,743,013$311,748,781
87$455,396,814$26,841,882$9,938,271$343,036,305
88$501,712,025$28,021,872$10,135,940$377,496,803
89$552,747,128$29,255,419$10,335,970$415,453,212
90$608,983,416$30,545,016$10,538,306$457,261,381
91$670,951,272$31,893,269$10,742,887$503,313,422
92$739,235,174$33,302,911$10,949,645$554,041,414
93$814,479,209$34,776,801$11,158,506$609,921,474
94$897,393,161$36,317,937$11,369,389$671,478,247
95$988,759,203$37,929,456$11,582,203$739,289,857
96$1,089,439,288$39,614,646$11,796,853$813,993,360
97$1,200,383,281$41,376,949$12,013,234$896,290,750
98$1,322,637,929$43,219,972$12,231,230$986,955,585
99$1,457,356,740$45,147,494$12,450,719$1,086,840,283
100$1,605,810,878$47,163,471$12,671,568$1,196,884,163