Can I retire at age 35 with 342,000?

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 $342,000?

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$28,242$27,990$27,745$27,505$27,272$26,699
2 years$13,981$13,721$13,468$13,224$12,986$12,412
3 years$9,228$8,967$8,715$8,473$8,239$7,681
4 years$6,852$6,591$6,342$6,104$5,876$5,339
5 years$5,427$5,168$4,922$4,688$4,467$3,952
6 years$4,477$4,220$3,978$3,749$3,535$3,042
7 years$3,799$3,544$3,305$3,083$2,875$2,405
8 years$3,290$3,038$2,803$2,586$2,385$1,938
9 years$2,895$2,645$2,414$2,203$2,008$1,584
10 years$2,579$2,331$2,105$1,899$1,711$1,309
11 years$2,321$2,075$1,853$1,652$1,472$1,090
12 years$2,106$1,863$1,645$1,449$1,275$915
13 years$1,924$1,683$1,469$1,280$1,112$772
14 years$1,768$1,530$1,320$1,136$975$654
15 years$1,633$1,398$1,192$1,013$858$557
16 years$1,515$1,283$1,081$907$759$475
17 years$1,411$1,181$983$815$673$406
18 years$1,319$1,091$898$734$598$348
19 years$1,236$1,012$822$664$533$299
20 years$1,162$940$754$601$476$258
21 years$1,095$876$694$545$426$222
22 years$1,035$817$639$496$382$191
23 years$979$764$590$452$343$165
24 years$928$716$546$412$308$143
25 years$882$672$506$376$277$124
26 years$839$632$469$344$250$107
27 years$799$594$436$315$225$93
28 years$762$560$405$289$203$80
29 years$728$528$377$265$183$69
30 years$696$499$351$243$166$60
31 years$666$472$327$223$150$52
32 years$639$446$305$205$136$45
33 years$612$423$285$188$123$39
34 years$588$401$266$173$111$34
35 years$565$380$249$160$101$30
36 years$543$361$233$147$91$26
37 years$523$343$218$135$83$22
38 years$503$326$204$125$75$19
39 years$485$310$191$115$68$17
40 years$468$295$179$106$62$15
41 years$451$280$168$98$56$13
42 years$435$267$158$90$51$11
43 years$421$254$148$83$46$10
44 years$406$243$139$77$42$8
45 years$393$231$130$71$38$7
46 years$380$221$122$66$34$6
47 years$368$211$115$61$31$5
48 years$356$201$108$56$28$5
49 years$345$192$102$52$26$4
50 years$334$183$96$48$23$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $342,000, adding $4,700 every year, while hoping to spend $21,837 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: 71/8/21 Blend
34$342,000$342,000$342,000$342,000
35$381,732$363,606$358,305$406,549
36$397,434$358,188$347,074$418,284
37$414,006$351,773$334,735$428,095
38$431,514$344,289$321,227$438,296
39$450,028$335,659$306,488$448,924
40$469,628$325,803$290,452$460,019
41$490,398$314,636$273,051$471,625
42$512,432$302,067$254,212$483,793
43$535,833$288,000$233,860$496,578
44$560,710$272,335$211,917$510,041
45$587,187$254,964$188,301$524,252
46$615,398$235,774$162,926$539,288
47$645,487$214,646$135,703$555,232
48$677,617$191,454$106,539$572,181
49$711,962$166,063$75,336$590,239
50$748,714$138,332$41,992$609,522
51$788,086$108,113$6,401$630,161
52$830,308$75,248$0$652,299
53$875,635$39,571$0$683,173
54$924,344$905$0$717,874
55$976,744$0$0$755,190
56$1,033,168$0$0$798,971
57$1,093,987$0$0$846,261
58$1,159,606$0$0$897,297
59$1,230,470$0$0$952,428
60$1,307,069$0$0$1,012,035
61$1,389,939$0$0$1,076,540
62$1,479,674$0$0$1,146,404
63$1,576,922$0$0$1,222,136
64$1,682,399$0$0$1,304,295
65$1,796,890$0$0$1,393,496
66$1,921,260$0$0$1,490,414
67$2,056,460$0$0$1,595,794
68$2,203,537$0$0$1,710,453
69$2,363,640$0$0$1,835,291
70$2,538,038$0$0$1,971,300
71$2,728,123$0$0$2,119,570
72$2,935,430$0$0$2,281,299
73$3,161,647$0$0$2,457,810
74$3,408,632$0$0$2,650,554
75$3,678,432$0$0$2,861,133
76$3,973,297$0$0$3,091,308
77$4,295,709$0$0$3,343,019
78$4,648,396$0$0$3,618,401
79$5,034,365$0$0$3,919,805
80$5,456,926$0$0$4,249,820
81$5,919,723$0$0$4,611,298
82$6,426,770$0$0$5,007,379
83$6,982,488$0$0$5,441,521
84$7,591,745$0$0$5,917,532
85$8,259,903$0$0$6,439,606
86$8,992,868$0$0$7,012,365
87$9,797,145$0$0$7,640,896
88$10,679,898$0$0$8,330,806
89$11,649,021$0$0$9,088,268
90$12,713,208$0$0$9,920,085
91$13,882,035$0$0$10,833,749
92$15,166,053$0$0$11,837,513
93$16,576,884$0$0$12,940,471
94$18,127,332$0$0$14,152,641
95$19,831,505$0$0$15,485,057
96$21,704,940$0$0$16,949,878
97$23,764,761$0$0$18,560,499
98$26,029,830$0$0$20,331,679
99$28,520,930$0$0$22,279,675
100$31,260,958$0$0$24,422,404