Can I retire at age 35 with 343,000?

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 $343,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$28,325$28,072$27,826$27,586$27,351$26,582
2 years$14,022$13,761$13,508$13,262$13,024$12,256
3 years$9,255$8,993$8,740$8,497$8,263$7,519
4 years$6,872$6,611$6,361$6,122$5,893$5,179
5 years$5,443$5,183$4,936$4,702$4,480$3,797
6 years$4,490$4,232$3,989$3,760$3,545$2,895
7 years$3,810$3,554$3,315$3,092$2,883$2,265
8 years$3,300$3,047$2,811$2,593$2,392$1,806
9 years$2,904$2,653$2,421$2,209$2,014$1,460
10 years$2,587$2,338$2,111$1,904$1,716$1,193
11 years$2,328$2,082$1,859$1,657$1,476$983
12 years$2,112$1,868$1,649$1,454$1,279$815
13 years$1,929$1,688$1,474$1,283$1,115$679
14 years$1,773$1,535$1,324$1,139$978$569
15 years$1,638$1,402$1,195$1,016$861$478
16 years$1,520$1,286$1,084$910$761$402
17 years$1,415$1,185$986$817$675$340
18 years$1,323$1,095$900$737$600$288
19 years$1,240$1,014$824$666$535$244
20 years$1,166$943$756$603$478$207
21 years$1,099$878$696$547$427$176
22 years$1,038$820$641$497$383$150
23 years$982$767$592$453$344$127
24 years$931$718$548$413$309$108
25 years$884$674$507$377$278$92
26 years$841$634$470$345$251$79
27 years$801$596$437$316$226$67
28 years$764$562$406$289$204$57
29 years$730$530$378$265$184$49
30 years$698$501$352$244$166$42
31 years$668$473$328$224$150$36
32 years$640$448$306$206$136$31
33 years$614$424$286$189$123$26
34 years$590$402$267$174$111$22
35 years$567$381$250$160$101$19
36 years$545$362$234$147$91$16
37 years$524$344$219$136$83$14
38 years$505$327$205$125$75$12
39 years$486$311$192$115$68$10
40 years$469$295$180$106$62$9
41 years$452$281$169$98$56$7
42 years$437$268$158$91$51$6
43 years$422$255$148$84$46$5
44 years$408$243$139$77$42$5
45 years$394$232$131$71$38$4
46 years$381$221$123$66$35$3
47 years$369$211$115$61$31$3
48 years$357$202$108$56$28$2
49 years$346$192$102$52$26$2
50 years$335$184$96$48$23$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $343,000, adding $4,443 every year, while hoping to spend $23,269 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: 47/29/24 Blend
34$343,000$343,000$343,000$343,000
35$382,569$364,390$359,073$397,742
36$396,833$357,487$346,344$401,932
37$411,772$349,466$332,409$403,827
38$427,430$340,247$317,202$405,418
39$443,856$329,747$300,656$406,685
40$461,101$317,877$282,700$407,613
41$479,223$304,542$263,260$408,182
42$498,282$289,643$242,257$408,375
43$518,346$273,074$219,612$408,176
44$539,487$254,725$195,239$407,566
45$561,785$234,477$169,050$406,530
46$585,327$212,206$140,953$405,051
47$610,206$187,780$110,851$403,114
48$636,526$161,061$78,643$400,707
49$664,399$131,900$44,226$397,815
50$693,949$100,144$7,488$394,428
51$725,308$65,627$0$390,538
52$758,624$28,178$0$394,261
53$794,057$0$0$400,045
54$831,784$0$0$409,957
55$871,995$0$0$430,127
56$914,902$0$0$451,672
57$960,736$0$0$474,712
58$1,009,749$0$0$499,377
59$1,062,218$0$0$525,809
60$1,118,447$0$0$554,165
61$1,178,770$0$0$584,618
62$1,243,553$0$0$617,355
63$1,313,197$0$0$652,584
64$1,388,143$0$0$690,533
65$1,468,874$0$0$731,451
66$1,555,924$0$0$775,613
67$1,649,874$0$0$823,321
68$1,751,368$0$0$874,905
69$1,861,111$0$0$930,731
70$1,979,877$0$0$991,199
71$2,108,518$0$0$1,056,748
72$2,247,972$0$0$1,127,864
73$2,399,268$0$0$1,205,078
74$2,563,540$0$0$1,288,976
75$2,742,033$0$0$1,380,203
76$2,936,118$0$0$1,479,467
77$3,147,303$0$0$1,587,549
78$3,377,248$0$0$1,705,306
79$3,627,778$0$0$1,833,682
80$3,900,902$0$0$1,973,718
81$4,198,833$0$0$2,126,556
82$4,524,004$0$0$2,293,457
83$4,879,095$0$0$2,475,807
84$5,267,054$0$0$2,675,132
85$5,691,129$0$0$2,893,112
86$6,154,896$0$0$3,131,596
87$6,662,289$0$0$3,392,623
88$7,217,645$0$0$3,678,436
89$7,825,734$0$0$3,991,503
90$8,491,812$0$0$4,334,547
91$9,221,668$0$0$4,710,562
92$10,021,676$0$0$5,122,848
93$10,898,855$0$0$5,575,039
94$11,860,938$0$0$6,071,138
95$12,916,442$0$0$6,615,554
96$14,074,746$0$0$7,213,143
97$15,346,182$0$0$7,869,254
98$16,742,134$0$0$8,589,780
99$18,275,138$0$0$9,381,212
100$19,959,005$0$0$10,250,701