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%11.3%
1 years$246,086$243,894$241,755$239,668$237,629$236,330
2 years$121,825$119,556$117,357$115,225$113,157$111,846
3 years$80,410$78,131$75,938$73,826$71,791$70,509
4 years$59,706$57,435$55,263$53,187$51,202$49,959
5 years$47,287$45,029$42,886$40,853$38,923$37,722
6 years$39,011$36,770$34,659$32,670$30,799$29,641
7 years$33,101$30,879$28,801$26,860$25,047$23,935
8 years$28,671$26,469$24,426$22,532$20,779$19,711
9 years$25,228$23,046$21,038$19,193$17,499$16,475
10 years$22,474$20,314$18,341$16,544$14,910$13,930
11 years$20,223$18,084$16,148$14,398$12,823$11,886
12 years$18,348$16,232$14,331$12,629$11,112$10,218
13 years$16,763$14,669$12,803$11,150$9,690$8,837
14 years$15,405$13,333$11,504$9,898$8,494$7,682
15 years$14,230$12,180$10,386$8,827$7,479$6,706
16 years$13,203$11,175$9,417$7,903$6,610$5,875
17 years$12,297$10,292$8,569$7,101$5,861$5,164
18 years$11,493$9,510$7,822$6,400$5,211$4,550
19 years$10,774$8,814$7,161$5,783$4,645$4,019
20 years$10,128$8,190$6,572$5,237$4,149$3,556
21 years$9,544$7,629$6,045$4,753$3,713$3,153
22 years$9,014$7,121$5,571$4,322$3,328$2,799
23 years$8,531$6,661$5,144$3,936$2,987$2,488
24 years$8,089$6,240$4,757$3,590$2,685$2,215
25 years$7,683$5,856$4,406$3,278$2,416$1,973
26 years$7,309$5,504$4,087$2,998$2,176$1,760
27 years$6,963$5,180$3,795$2,744$1,962$1,571
28 years$6,642$4,881$3,528$2,514$1,771$1,403
29 years$6,344$4,605$3,283$2,305$1,599$1,254
30 years$6,066$4,349$3,058$2,116$1,445$1,121
31 years$5,807$4,111$2,851$1,943$1,306$1,003
32 years$5,564$3,890$2,660$1,786$1,181$898
33 years$5,337$3,684$2,484$1,642$1,069$804
34 years$5,123$3,491$2,320$1,511$968$720
35 years$4,922$3,311$2,169$1,391$877$645
36 years$4,733$3,143$2,029$1,281$794$578
37 years$4,554$2,985$1,900$1,180$720$518
38 years$4,385$2,837$1,779$1,088$653$465
39 years$4,226$2,698$1,667$1,003$592$417
40 years$4,074$2,567$1,562$925$537$374
41 years$3,930$2,443$1,465$854$487$336
42 years$3,794$2,327$1,374$788$442$301
43 years$3,664$2,217$1,289$727$401$270
44 years$3,541$2,113$1,210$671$364$243
45 years$3,423$2,015$1,136$620$331$218
46 years$3,311$1,922$1,067$573$300$195
47 years$3,204$1,835$1,003$529$273$175
48 years$3,101$1,751$942$489$247$158
49 years$3,003$1,672$886$452$225$141
50 years$2,910$1,598$833$418$204$127

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 $6,186 every year, while hoping to spend $34,222 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: 49/25/26 Blend
34$2,980,000$2,980,000$2,980,000$2,980,000
35$3,290,341$3,132,401$3,086,211$3,427,033
36$3,589,544$3,249,477$3,153,187$3,640,333
37$3,918,118$3,371,142$3,221,260$3,868,037
38$4,279,024$3,497,586$3,290,430$4,114,749
39$4,675,522$3,629,005$3,360,697$4,382,283
40$5,111,204$3,765,605$3,432,059$4,672,631
41$5,590,028$3,907,600$3,504,513$4,987,985
42$6,116,351$4,055,214$3,578,056$5,330,758
43$6,694,979$4,208,678$3,652,680$5,703,601
44$7,331,201$4,368,238$3,728,379$6,109,435
45$8,030,847$4,534,146$3,805,144$6,551,472
46$8,800,342$4,706,667$3,882,964$7,033,246
47$9,646,761$4,886,078$3,961,828$7,558,648
48$10,577,901$5,072,667$4,041,720$8,131,960
49$11,602,354$5,266,734$4,122,624$8,757,896
50$12,729,584$5,468,594$4,204,522$9,441,644
51$13,970,021$5,678,574$4,287,393$10,188,916
52$15,335,156$5,897,018$4,371,213$11,006,002
53$16,837,651$6,124,281$4,455,958$11,899,824
54$18,491,457$6,360,736$4,541,599$12,878,007
55$20,311,948$6,606,774$4,628,104$13,948,946
56$22,316,060$6,862,799$4,715,439$15,121,884
57$24,522,459$7,129,238$4,803,567$16,407,001
58$26,951,711$7,406,531$4,892,448$17,815,508
59$29,626,477$7,695,143$4,982,037$19,359,751
60$32,571,729$7,995,556$5,072,286$21,053,329
61$35,814,983$8,308,275$5,163,144$22,911,217
62$39,386,557$8,633,827$5,254,556$24,949,911
63$43,319,863$8,972,762$5,346,461$27,187,582
64$47,651,717$9,325,655$5,438,795$29,644,241
65$52,422,686$9,693,106$5,531,489$32,341,935
66$57,677,474$10,075,743$5,624,468$35,304,947
67$63,465,343$10,474,221$5,717,654$38,560,027
68$69,840,575$10,889,224$5,810,962$42,136,645
69$76,862,986$11,321,468$5,904,302$46,067,263
70$84,598,491$11,771,701$5,997,576$50,387,645
71$93,119,725$12,240,702$6,090,683$55,137,189
72$102,506,729$12,729,288$6,183,513$60,359,300
73$112,847,704$13,238,313$6,275,950$66,101,799
74$124,239,845$13,768,665$6,367,869$72,417,368
75$136,790,258$14,321,278$6,459,141$79,364,053
76$150,616,968$14,897,124$6,549,626$87,005,802
77$165,850,036$15,497,221$6,639,177$95,413,074
78$182,632,787$16,122,633$6,727,636$104,663,499
79$201,123,159$16,774,469$6,814,840$114,842,606
80$221,495,197$17,453,894$6,900,612$126,044,634
81$243,940,693$18,162,120$6,984,769$138,373,418
82$268,670,998$18,900,419$7,067,113$151,943,362
83$295,919,018$19,670,118$7,147,439$166,880,525
84$325,941,408$20,472,604$7,225,529$183,323,800
85$359,021,000$21,309,330$7,301,153$201,426,231
86$395,469,468$22,181,813$7,374,067$221,356,448
87$435,630,272$23,091,639$7,444,016$243,300,260
88$479,881,899$24,040,469$7,510,731$267,462,407
89$528,641,439$25,030,038$7,573,926$294,068,488
90$582,368,517$26,062,161$7,633,304$323,367,086
91$641,569,634$27,138,736$7,688,548$355,632,116
92$706,802,951$28,261,748$7,739,329$391,165,405
93$778,683,552$29,433,274$7,785,297$430,299,539
94$857,889,256$30,655,486$7,826,085$473,400,997
95$945,167,011$31,930,656$7,861,310$520,873,610
96$1,041,339,948$33,261,160$7,890,566$573,162,365
97$1,147,315,151$34,649,485$7,913,428$630,757,610
98$1,264,092,218$36,098,231$7,929,449$694,199,669
99$1,392,772,700$37,610,120$7,938,161$764,083,946
100$1,534,570,497$39,187,998$7,939,072$841,066,538