Can I retire at age 35 with 308,000?

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 $308,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$25,434$25,208$24,987$24,771$24,560$23,736
2 years$12,591$12,357$12,129$11,909$11,695$10,873
3 years$8,311$8,075$7,849$7,630$7,420$6,626
4 years$6,171$5,936$5,712$5,497$5,292$4,531
5 years$4,887$4,654$4,433$4,222$4,023$3,298
6 years$4,032$3,800$3,582$3,377$3,183$2,495
7 years$3,421$3,192$2,977$2,776$2,589$1,937
8 years$2,963$2,736$2,525$2,329$2,148$1,532
9 years$2,607$2,382$2,174$1,984$1,809$1,228
10 years$2,323$2,100$1,896$1,710$1,541$994
11 years$2,090$1,869$1,669$1,488$1,325$812
12 years$1,896$1,678$1,481$1,305$1,149$667
13 years$1,733$1,516$1,323$1,152$1,002$551
14 years$1,592$1,378$1,189$1,023$878$457
15 years$1,471$1,259$1,074$912$773$380
16 years$1,365$1,155$973$817$683$317
17 years$1,271$1,064$886$734$606$265
18 years$1,188$983$808$661$539$222
19 years$1,114$911$740$598$480$186
20 years$1,047$847$679$541$429$156
21 years$986$789$625$491$384$131
22 years$932$736$576$447$344$110
23 years$882$688$532$407$309$93
24 years$836$645$492$371$278$78
25 years$794$605$455$339$250$66
26 years$755$569$422$310$225$56
27 years$720$535$392$284$203$47
28 years$686$504$365$260$183$40
29 years$656$476$339$238$165$33
30 years$627$449$316$219$149$28
31 years$600$425$295$201$135$24
32 years$575$402$275$185$122$20
33 years$552$381$257$170$111$17
34 years$530$361$240$156$100$14
35 years$509$342$224$144$91$12
36 years$489$325$210$132$82$10
37 years$471$309$196$122$74$9
38 years$453$293$184$112$67$7
39 years$437$279$172$104$61$6
40 years$421$265$161$96$55$5
41 years$406$253$151$88$50$4
42 years$392$240$142$81$46$4
43 years$379$229$133$75$41$3
44 years$366$218$125$69$38$3
45 years$354$208$117$64$34$2
46 years$342$199$110$59$31$2
47 years$331$190$104$55$28$2
48 years$321$181$97$51$26$1
49 years$310$173$92$47$23$1
50 years$301$165$86$43$21$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $308,000, adding $6,109 every year, while hoping to spend $23,242 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: 76/8/16 Blend
34$308,000$308,000$308,000$308,000
35$345,717$329,393$324,619$370,320
36$356,251$320,804$310,765$378,824
37$367,081$311,016$295,667$384,643
38$378,211$299,944$279,260$390,393
39$389,648$287,500$261,475$396,058
40$401,397$273,592$242,239$401,624
41$413,462$258,121$221,476$407,074
42$425,848$240,982$199,109$412,389
43$438,559$222,064$175,054$417,551
44$451,599$201,252$149,225$422,539
45$464,970$178,422$121,532$427,329
46$478,676$153,444$91,882$431,898
47$492,717$126,179$60,177$436,219
48$507,095$96,482$26,313$440,265
49$521,809$64,201$0$444,003
50$536,859$29,171$0$449,079
51$552,241$0$0$458,683
52$567,951$0$0$469,071
53$583,985$0$0$482,291
54$600,334$0$0$495,770
55$616,989$0$0$509,498
56$633,939$0$0$523,465
57$651,169$0$0$537,661
58$668,663$0$0$552,069
59$686,400$0$0$566,674
60$704,357$0$0$581,455
61$722,505$0$0$596,388
62$740,813$0$0$611,446
63$759,244$0$0$626,599
64$777,755$0$0$641,810
65$796,297$0$0$657,038
66$814,817$0$0$672,237
67$833,250$0$0$687,354
68$851,526$0$0$702,330
69$869,564$0$0$717,096
70$887,275$0$0$731,577
71$904,556$0$0$745,687
72$921,293$0$0$759,330
73$937,358$0$0$772,398
74$952,608$0$0$784,772
75$966,883$0$0$796,315
76$980,002$0$0$806,879
77$991,766$0$0$816,293
78$1,001,951$0$0$824,373
79$1,010,310$0$0$830,908
80$1,016,565$0$0$835,666
81$1,020,410$0$0$838,391
82$1,021,501$0$0$838,794
83$1,019,460$0$0$836,557
84$1,013,864$0$0$831,326
85$1,004,245$0$0$822,710
86$990,085$0$0$810,272
87$970,807$0$0$793,530
88$945,775$0$0$771,949
89$914,282$0$0$744,939
90$875,546$0$0$711,841
91$828,701$0$0$671,932
92$772,790$0$0$624,408
93$706,751$0$0$568,381
94$629,413$0$0$502,867
95$539,480$0$0$426,781
96$435,518$0$0$338,923
97$315,944$0$0$237,963
98$179,008$0$0$122,437
99$22,776$0$0$0
100$0$0$0$0