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

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 $2,980,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$246,086$243,894$241,755$239,668$237,629$232,452
2 years$121,825$119,556$117,357$115,225$113,157$107,966
3 years$80,410$78,131$75,938$73,826$71,791$66,750
4 years$59,706$57,435$55,263$53,187$51,202$46,349
5 years$47,287$45,029$42,886$40,853$38,923$34,272
6 years$39,011$36,770$34,659$32,670$30,799$26,354
7 years$33,101$30,879$28,801$26,860$25,047$20,811
8 years$28,671$26,469$24,426$22,532$20,779$16,749
9 years$25,228$23,046$21,038$19,193$17,499$13,672
10 years$22,474$20,314$18,341$16,544$14,910$11,282
11 years$20,223$18,084$16,148$14,398$12,823$9,390
12 years$18,348$16,232$14,331$12,629$11,112$7,868
13 years$16,763$14,669$12,803$11,150$9,690$6,629
14 years$15,405$13,333$11,504$9,898$8,494$5,611
15 years$14,230$12,180$10,386$8,827$7,479$4,767
16 years$13,203$11,175$9,417$7,903$6,610$4,062
17 years$12,297$10,292$8,569$7,101$5,861$3,470
18 years$11,493$9,510$7,822$6,400$5,211$2,971
19 years$10,774$8,814$7,161$5,783$4,645$2,549
20 years$10,128$8,190$6,572$5,237$4,149$2,190
21 years$9,544$7,629$6,045$4,753$3,713$1,884
22 years$9,014$7,121$5,571$4,322$3,328$1,622
23 years$8,531$6,661$5,144$3,936$2,987$1,399
24 years$8,089$6,240$4,757$3,590$2,685$1,207
25 years$7,683$5,856$4,406$3,278$2,416$1,042
26 years$7,309$5,504$4,087$2,998$2,176$900
27 years$6,963$5,180$3,795$2,744$1,962$778
28 years$6,642$4,881$3,528$2,514$1,771$673
29 years$6,344$4,605$3,283$2,305$1,599$582
30 years$6,066$4,349$3,058$2,116$1,445$504
31 years$5,807$4,111$2,851$1,943$1,306$436
32 years$5,564$3,890$2,660$1,786$1,181$378
33 years$5,337$3,684$2,484$1,642$1,069$327
34 years$5,123$3,491$2,320$1,511$968$283
35 years$4,922$3,311$2,169$1,391$877$245
36 years$4,733$3,143$2,029$1,281$794$213
37 years$4,554$2,985$1,900$1,180$720$184
38 years$4,385$2,837$1,779$1,088$653$160
39 years$4,226$2,698$1,667$1,003$592$138
40 years$4,074$2,567$1,562$925$537$120
41 years$3,930$2,443$1,465$854$487$104
42 years$3,794$2,327$1,374$788$442$90
43 years$3,664$2,217$1,289$727$401$78
44 years$3,541$2,113$1,210$671$364$68
45 years$3,423$2,015$1,136$620$331$59
46 years$3,311$1,922$1,067$573$300$51
47 years$3,204$1,835$1,003$529$273$44
48 years$3,101$1,751$942$489$247$38
49 years$3,003$1,672$886$452$225$33
50 years$2,910$1,598$833$418$204$29

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 $6,317 every year, while hoping to spend $32,787 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: 42/39/19 Blend
34$2,980,000$2,980,000$2,980,000$2,980,000
35$3,290,476$3,132,536$3,086,346$3,410,121
36$3,591,219$3,251,145$3,154,853$3,614,122
37$3,921,540$3,374,467$3,224,557$3,831,222
38$4,284,419$3,502,699$3,295,462$4,065,639
39$4,683,143$3,636,044$3,367,574$4,318,977
40$5,121,331$3,774,718$3,440,895$4,593,001
41$5,602,970$3,918,942$3,515,428$4,889,647
42$6,132,453$4,068,950$3,591,175$5,211,045
43$6,714,620$4,224,985$3,668,135$5,559,533
44$7,354,802$4,387,301$3,746,309$5,937,684
45$8,058,875$4,556,161$3,825,693$6,348,324
46$8,833,310$4,731,843$3,906,284$6,794,561
47$9,685,240$4,914,635$3,988,076$7,279,813
48$10,622,520$5,104,838$4,071,063$7,807,839
49$11,653,809$5,302,767$4,155,235$8,382,773
50$12,788,644$5,508,749$4,240,582$9,009,162
51$14,037,537$5,723,129$4,327,092$9,692,007
52$15,412,066$5,946,263$4,414,751$10,436,813
53$16,924,993$6,178,526$4,503,541$11,249,636
54$18,590,377$6,420,308$4,593,444$12,137,139
55$20,423,709$6,672,017$4,684,438$13,106,654
56$22,442,060$6,934,078$4,776,500$14,166,253
57$24,664,240$7,206,938$4,869,602$15,324,817
58$27,110,974$7,491,060$4,963,715$16,592,126
59$29,805,101$7,786,929$5,058,808$17,978,940
60$32,771,787$8,095,054$5,154,843$19,497,109
61$36,038,761$8,415,964$5,251,782$21,159,676
62$39,636,581$8,750,212$5,349,583$22,981,003
63$43,598,917$9,098,377$5,448,199$24,976,901
64$47,962,872$9,461,064$5,547,579$27,164,781
65$52,769,332$9,838,903$5,647,670$29,563,814
66$58,063,350$10,232,555$5,748,413$32,195,112
67$63,894,572$10,642,710$5,849,745$35,081,921
68$70,317,704$11,070,089$5,951,597$38,249,845
69$77,393,031$11,515,444$6,053,897$41,727,079
70$85,186,983$11,979,564$6,156,566$45,544,678
71$93,772,764$12,463,272$6,259,519$49,736,842
72$103,231,041$12,967,427$6,362,668$54,341,243
73$113,650,706$13,492,930$6,465,917$59,399,373
74$125,129,716$14,040,721$6,569,162$64,956,935
75$137,776,013$14,611,782$6,672,295$71,064,270
76$151,708,549$15,207,142$6,775,200$77,776,831
77$167,058,404$15,827,876$6,877,752$85,155,703
78$183,970,025$16,475,106$6,979,821$93,268,177
79$202,602,590$17,150,007$7,081,267$102,188,378
80$223,131,505$17,853,809$7,181,941$111,997,968
81$245,750,069$18,587,796$7,281,686$122,786,906
82$270,671,290$19,353,312$7,380,336$134,654,298
83$298,129,899$20,151,762$7,477,715$147,709,329
84$328,384,565$20,984,614$7,573,635$162,072,285
85$361,720,338$21,853,407$7,667,898$177,875,689
86$398,451,336$22,759,749$7,760,297$195,265,544
87$438,923,716$23,705,320$7,850,611$214,402,711
88$483,518,934$24,691,880$7,938,605$235,464,418
89$532,657,352$25,721,268$8,024,035$258,645,928
90$586,802,202$26,795,411$8,106,641$284,162,383
91$646,463,962$27,916,321$8,186,148$312,250,820
92$712,205,172$29,086,106$8,262,269$343,172,413
93$784,645,743$30,306,970$8,334,700$377,214,924
94$864,468,817$31,581,218$8,403,120$414,695,418
95$952,427,203$32,911,265$8,467,191$455,963,248
96$1,049,350,496$34,299,635$8,526,560$501,403,347
97$1,156,152,900$35,748,971$8,580,854$551,439,853
98$1,273,841,862$37,262,036$8,629,678$606,540,108
99$1,403,527,580$38,841,725$8,672,621$667,219,059
100$1,546,433,489$40,491,065$8,709,249$734,044,113