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

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 $2,990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$246,911$244,712$242,566$240,472$238,427$237,024
2 years$122,233$119,957$117,751$115,611$113,537$112,121
3 years$80,679$78,393$76,192$74,073$72,032$70,648
4 years$59,907$57,627$55,449$53,366$51,374$50,032
5 years$47,446$45,180$43,030$40,990$39,054$37,757
6 years$39,142$36,893$34,775$32,780$30,902$29,653
7 years$33,213$30,983$28,898$26,950$25,131$23,931
8 years$28,768$26,558$24,508$22,608$20,849$19,697
9 years$25,312$23,124$21,109$19,257$17,558$16,454
10 years$22,550$20,382$18,403$16,600$14,960$13,904
11 years$20,291$18,145$16,202$14,447$12,866$11,857
12 years$18,410$16,286$14,379$12,672$11,150$10,186
13 years$16,819$14,718$12,846$11,187$9,723$8,804
14 years$15,457$13,378$11,542$9,931$8,523$7,648
15 years$14,278$12,221$10,421$8,856$7,504$6,672
16 years$13,247$11,213$9,448$7,930$6,632$5,842
17 years$12,338$10,326$8,598$7,125$5,881$5,130
18 years$11,531$9,542$7,849$6,421$5,229$4,518
19 years$10,810$8,844$7,185$5,802$4,660$3,987
20 years$10,162$8,218$6,594$5,255$4,163$3,526
21 years$9,576$7,655$6,065$4,769$3,725$3,123
22 years$9,045$7,145$5,590$4,336$3,339$2,771
23 years$8,560$6,683$5,161$3,949$2,997$2,462
24 years$8,116$6,261$4,773$3,602$2,694$2,189
25 years$7,709$5,876$4,421$3,289$2,424$1,949
26 years$7,333$5,523$4,100$3,008$2,184$1,737
27 years$6,986$5,197$3,808$2,753$1,969$1,549
28 years$6,664$4,897$3,540$2,522$1,777$1,382
29 years$6,365$4,620$3,294$2,313$1,604$1,234
30 years$6,086$4,363$3,068$2,123$1,449$1,103
31 years$5,826$4,125$2,860$1,950$1,310$986
32 years$5,583$3,903$2,669$1,792$1,185$882
33 years$5,355$3,696$2,492$1,648$1,073$789
34 years$5,140$3,503$2,328$1,516$971$706
35 years$4,939$3,323$2,177$1,396$880$632
36 years$4,749$3,154$2,036$1,285$797$566
37 years$4,570$2,995$1,906$1,184$722$507
38 years$4,400$2,846$1,785$1,091$655$454
39 years$4,240$2,707$1,672$1,006$594$407
40 years$4,088$2,575$1,567$928$539$365
41 years$3,944$2,451$1,470$856$489$327
42 years$3,807$2,335$1,379$790$443$293
43 years$3,676$2,224$1,294$730$402$263
44 years$3,553$2,120$1,214$674$365$236
45 years$3,434$2,022$1,140$622$332$211
46 years$3,322$1,929$1,071$575$301$190
47 years$3,214$1,841$1,006$531$273$170
48 years$3,112$1,757$945$491$248$153
49 years$3,013$1,678$889$453$226$137
50 years$2,919$1,603$835$419$205$123

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 $5,101 every year, while hoping to spend $41,940 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: 51/19/30 Blend
34$2,990,000$2,990,000$2,990,000$2,990,000
35$3,300,242$3,141,772$3,095,427$3,440,350
36$3,592,242$3,251,095$3,154,500$3,648,126
37$3,912,622$3,364,369$3,214,146$3,869,356
38$4,264,230$3,481,743$3,274,340$4,109,127
39$4,650,206$3,603,374$3,335,056$4,369,227
40$5,074,009$3,729,421$3,396,262$4,651,623
41$5,539,449$3,860,054$3,457,928$4,958,479
42$6,050,723$3,995,446$3,520,018$5,292,178
43$6,612,453$4,135,780$3,582,495$5,655,343
44$7,229,733$4,281,243$3,645,319$6,050,862
45$7,908,174$4,432,032$3,708,445$6,481,915
46$8,653,958$4,588,352$3,771,828$6,952,001
47$9,473,895$4,750,414$3,835,418$7,464,975
48$10,375,489$4,918,441$3,899,161$8,025,083
49$11,367,006$5,092,661$3,963,000$8,636,998
50$12,457,553$5,273,315$4,026,873$9,305,868
51$13,657,167$5,460,651$4,090,717$10,037,362
52$14,976,903$5,654,927$4,154,461$10,837,725
53$16,428,943$5,856,415$4,218,031$11,713,834
54$18,026,710$6,065,394$4,281,350$12,673,265
55$19,784,993$6,282,157$4,344,333$13,724,361
56$21,720,086$6,507,006$4,406,893$14,876,314
57$23,849,945$6,740,260$4,468,934$16,139,250
58$26,194,354$6,982,247$4,530,358$17,524,322
59$28,775,112$7,233,311$4,591,058$19,043,817
60$31,616,238$7,493,808$4,650,923$20,711,273
61$34,744,200$7,764,110$4,709,835$22,541,601
62$38,188,162$8,044,605$4,767,668$24,551,231
63$41,980,260$8,335,696$4,824,291$26,758,263
64$46,155,904$8,637,803$4,879,562$29,182,641
65$50,754,114$8,951,364$4,933,336$31,846,334
66$55,817,887$9,276,833$4,985,455$34,773,551
67$61,394,600$9,614,687$5,035,756$37,990,963
68$67,536,461$9,965,419$5,084,067$41,527,958
69$74,301,001$10,329,544$5,130,203$45,416,913
70$81,751,611$10,707,600$5,173,973$49,693,506
71$89,958,149$11,100,146$5,215,175$54,397,045
72$98,997,591$11,507,765$5,253,594$59,570,844
73$108,954,764$11,931,063$5,289,008$65,262,629
74$119,923,140$12,370,676$5,321,180$71,524,985
75$132,005,723$12,827,261$5,349,862$78,415,859
76$145,316,017$13,301,507$5,374,793$85,999,099
77$159,979,101$13,794,132$5,395,699$94,345,059
78$176,132,807$14,305,881$5,412,292$103,531,264
79$193,929,019$14,837,536$5,424,270$113,643,138
80$213,535,111$15,389,907$5,431,315$124,774,813
81$235,135,523$15,963,843$5,433,094$137,030,011
82$258,933,501$16,560,226$5,429,257$150,523,031
83$285,153,018$17,179,977$5,419,438$165,379,821
84$314,040,888$17,824,058$5,403,251$181,739,166
85$345,869,092$18,493,470$5,380,294$199,754,000
86$380,937,348$19,189,259$5,350,142$219,592,849
87$419,575,938$19,912,513$5,312,352$241,441,418
88$462,148,829$20,664,371$5,266,461$265,504,346
89$509,057,103$21,446,019$5,211,981$292,007,136
90$560,742,747$22,258,694$5,148,402$321,198,283
91$617,692,825$23,103,687$5,075,191$353,351,617
92$680,444,071$23,982,346$4,991,788$388,768,891
93$749,587,962$24,896,076$4,897,609$427,782,626
94$825,776,295$25,846,345$4,792,040$470,759,247
95$909,727,345$26,834,684$4,674,441$518,102,547
96$1,002,232,641$27,862,690$4,544,141$570,257,491
97$1,104,164,439$28,932,031$4,400,439$627,714,421
98$1,216,483,959$30,044,448$4,242,601$691,013,681
99$1,340,250,455$31,201,758$4,069,860$760,750,719
100$1,476,631,215$32,405,858$3,881,414$837,581,703