Can I retire at age 35 with 2,990,000?

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 $2,990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$246,911$244,712$242,566$240,472$238,427$233,422
2 years$122,233$119,957$117,751$115,611$113,537$108,518
3 years$80,679$78,393$76,192$74,073$72,032$67,156
4 years$59,907$57,627$55,449$53,366$51,374$46,678
5 years$47,446$45,180$43,030$40,990$39,054$34,552
6 years$39,142$36,893$34,775$32,780$30,902$26,598
7 years$33,213$30,983$28,898$26,950$25,131$21,027
8 years$28,768$26,558$24,508$22,608$20,849$16,943
9 years$25,312$23,124$21,109$19,257$17,558$13,847
10 years$22,550$20,382$18,403$16,600$14,960$11,440
11 years$20,291$18,145$16,202$14,447$12,866$9,534
12 years$18,410$16,286$14,379$12,672$11,150$7,999
13 years$16,819$14,718$12,846$11,187$9,723$6,749
14 years$15,457$13,378$11,542$9,931$8,523$5,720
15 years$14,278$12,221$10,421$8,856$7,504$4,866
16 years$13,247$11,213$9,448$7,930$6,632$4,152
17 years$12,338$10,326$8,598$7,125$5,881$3,553
18 years$11,531$9,542$7,849$6,421$5,229$3,046
19 years$10,810$8,844$7,185$5,802$4,660$2,617
20 years$10,162$8,218$6,594$5,255$4,163$2,252
21 years$9,576$7,655$6,065$4,769$3,725$1,940
22 years$9,045$7,145$5,590$4,336$3,339$1,673
23 years$8,560$6,683$5,161$3,949$2,997$1,445
24 years$8,116$6,261$4,773$3,602$2,694$1,249
25 years$7,709$5,876$4,421$3,289$2,424$1,080
26 years$7,333$5,523$4,100$3,008$2,184$934
27 years$6,986$5,197$3,808$2,753$1,969$809
28 years$6,664$4,897$3,540$2,522$1,777$701
29 years$6,365$4,620$3,294$2,313$1,604$607
30 years$6,086$4,363$3,068$2,123$1,449$526
31 years$5,826$4,125$2,860$1,950$1,310$456
32 years$5,583$3,903$2,669$1,792$1,185$396
33 years$5,355$3,696$2,492$1,648$1,073$343
34 years$5,140$3,503$2,328$1,516$971$298
35 years$4,939$3,323$2,177$1,396$880$259
36 years$4,749$3,154$2,036$1,285$797$224
37 years$4,570$2,995$1,906$1,184$722$195
38 years$4,400$2,846$1,785$1,091$655$169
39 years$4,240$2,707$1,672$1,006$594$147
40 years$4,088$2,575$1,567$928$539$128
41 years$3,944$2,451$1,470$856$489$111
42 years$3,807$2,335$1,379$790$443$96
43 years$3,676$2,224$1,294$730$402$84
44 years$3,553$2,120$1,214$674$365$73
45 years$3,434$2,022$1,140$622$332$63
46 years$3,322$1,929$1,071$575$301$55
47 years$3,214$1,841$1,006$531$273$48
48 years$3,112$1,757$945$491$248$41
49 years$3,013$1,678$889$453$226$36
50 years$2,919$1,603$835$419$205$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $2,990,000, adding $3,221 every year, while hoping to spend $31,506 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: 67/8/25 Blend
34$2,990,000$2,990,000$2,990,000$2,990,000
35$3,298,302$3,139,832$3,093,487$3,497,775
36$3,601,207$3,260,162$3,163,597$3,752,606
37$3,933,952$3,385,332$3,235,000$4,027,323
38$4,299,548$3,515,546$3,307,705$4,327,057
39$4,701,311$3,651,017$3,381,722$4,654,278
40$5,142,895$3,791,967$3,457,060$5,011,705
41$5,628,325$3,938,628$3,533,726$5,402,330
42$6,162,036$4,091,243$3,611,728$5,829,451
43$6,748,914$4,250,064$3,691,071$6,296,697
44$7,394,341$4,415,355$3,771,760$6,808,067
45$8,104,248$4,587,392$3,853,798$7,367,963
46$8,885,170$4,766,462$3,937,189$7,981,235
47$9,744,306$4,952,868$4,021,933$8,653,225
48$10,689,589$5,146,922$4,108,032$9,389,815
49$11,729,759$5,348,952$4,195,482$10,197,487
50$12,874,445$5,559,302$4,284,282$11,083,379
51$14,134,260$5,778,329$4,374,426$12,055,353
52$15,520,894$6,006,407$4,465,909$13,122,073
53$17,047,230$6,243,926$4,558,723$14,293,082
54$18,727,464$6,491,294$4,652,856$15,578,890
55$20,577,236$6,748,938$4,748,297$16,991,081
56$22,613,781$7,017,304$4,845,032$18,542,413
57$24,856,090$7,296,855$4,943,045$20,246,942
58$27,325,090$7,588,080$5,042,315$22,120,155
59$30,043,838$7,891,485$5,142,822$24,179,114
60$33,037,744$8,207,602$5,244,541$26,442,618
61$36,334,806$8,536,986$5,347,445$28,931,380
62$39,965,875$8,880,217$5,451,503$31,668,218
63$43,964,947$9,237,901$5,556,682$34,678,276
64$48,369,486$9,610,672$5,662,945$37,989,259
65$53,220,771$9,999,193$5,770,251$41,631,690
66$58,564,292$10,404,156$5,878,556$45,639,202
67$64,450,174$10,826,284$5,987,813$50,048,854
68$70,933,655$11,266,334$6,097,967$54,901,480
69$78,075,602$11,725,099$6,208,963$60,242,073
70$85,943,089$12,203,404$6,320,739$66,120,210
71$94,610,028$12,702,115$6,433,228$72,590,518
72$104,157,869$13,222,137$6,546,359$79,713,194
73$114,676,364$13,764,415$6,660,055$87,554,564
74$126,264,420$14,329,937$6,774,233$96,187,716
75$139,031,025$14,919,739$6,888,805$105,693,187
76$153,096,285$15,534,901$7,003,675$116,159,721
77$168,592,551$16,176,556$7,118,742$127,685,106
78$185,665,669$16,845,885$7,233,898$140,377,099
79$204,476,361$17,544,127$7,349,028$154,354,442
80$225,201,737$18,272,576$7,464,007$169,747,978
81$248,036,967$19,032,586$7,578,704$186,701,890
82$273,197,128$19,825,573$7,692,981$205,375,061
83$300,919,227$20,653,018$7,806,688$225,942,569
84$331,464,444$21,516,472$7,919,668$248,597,342
85$365,120,595$22,417,556$8,031,754$273,551,981
86$402,204,846$23,357,967$8,142,768$301,040,759
87$443,066,712$24,339,479$8,252,523$331,321,837
88$488,091,353$25,363,950$8,360,819$364,679,699
89$537,703,210$26,433,323$8,467,446$401,427,836
90$592,370,013$27,549,631$8,572,180$441,911,705
91$652,607,194$28,715,002$8,674,788$486,511,989
92$718,982,753$29,931,663$8,775,019$535,648,187
93$792,122,622$31,201,943$8,872,610$589,782,579
94$872,716,573$32,528,281$8,967,286$649,424,583
95$961,524,726$33,913,229$9,058,752$715,135,567
96$1,059,384,729$35,359,459$9,146,702$787,534,144
97$1,167,219,663$36,869,764$9,230,808$867,302,013
98$1,286,046,758$38,447,072$9,310,730$955,190,392
99$1,416,986,994$40,094,445$9,386,105$1,052,027,110
100$1,561,275,682$41,815,088$9,456,555$1,158,724,421