Can I retire at age 35 with 344,000?

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 $344,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$28,407$28,154$27,907$27,666$27,431$27,304
2 years$14,063$13,801$13,547$13,301$13,062$12,934
3 years$9,282$9,019$8,766$8,522$8,287$8,162
4 years$6,892$6,630$6,379$6,140$5,911$5,789
5 years$5,459$5,198$4,951$4,716$4,493$4,375
6 years$4,503$4,245$4,001$3,771$3,555$3,442
7 years$3,821$3,565$3,325$3,101$2,891$2,782
8 years$3,310$3,056$2,820$2,601$2,399$2,294
9 years$2,912$2,660$2,429$2,216$2,020$1,920
10 years$2,594$2,345$2,117$1,910$1,721$1,625
11 years$2,334$2,088$1,864$1,662$1,480$1,388
12 years$2,118$1,874$1,654$1,458$1,283$1,195
13 years$1,935$1,693$1,478$1,287$1,119$1,035
14 years$1,778$1,539$1,328$1,143$981$901
15 years$1,643$1,406$1,199$1,019$863$787
16 years$1,524$1,290$1,087$912$763$691
17 years$1,420$1,188$989$820$677$608
18 years$1,327$1,098$903$739$602$536
19 years$1,244$1,017$827$668$536$474
20 years$1,169$945$759$605$479$420
21 years$1,102$881$698$549$429$373
22 years$1,041$822$643$499$384$332
23 years$985$769$594$454$345$295
24 years$934$720$549$414$310$263
25 years$887$676$509$378$279$235
26 years$844$635$472$346$251$210
27 years$804$598$438$317$227$188
28 years$767$563$407$290$204$168
29 years$732$532$379$266$185$150
30 years$700$502$353$244$167$135
31 years$670$475$329$224$151$121
32 years$642$449$307$206$136$108
33 years$616$425$287$190$123$97
34 years$591$403$268$174$112$87
35 years$568$382$250$161$101$78
36 years$546$363$234$148$92$70
37 years$526$345$219$136$83$63
38 years$506$327$205$126$75$57
39 years$488$311$192$116$68$51
40 years$470$296$180$107$62$46
41 years$454$282$169$99$56$41
42 years$438$269$159$91$51$37
43 years$423$256$149$84$46$33
44 years$409$244$140$78$42$30
45 years$395$233$131$72$38$27
46 years$382$222$123$66$35$24
47 years$370$212$116$61$31$22
48 years$358$202$109$56$29$20
49 years$347$193$102$52$26$18
50 years$336$184$96$48$24$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $344,000, adding $4,395 every year, while hoping to spend $20,125 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: 62/26/12 Blend
34$344,000$344,000$344,000$344,000
35$383,621$365,389$360,057$406,053
36$401,338$361,881$350,707$418,117
37$420,187$357,525$340,368$428,580
38$440,263$352,261$328,987$439,505
39$461,669$346,021$316,507$450,938
40$484,518$338,735$302,869$462,930
41$508,935$330,329$288,011$475,538
42$535,054$320,722$271,867$488,824
43$563,024$309,833$254,370$502,860
44$593,010$297,572$235,448$517,724
45$625,190$283,846$215,029$533,503
46$659,760$268,555$193,033$550,296
47$696,937$251,596$169,381$568,212
48$736,957$232,857$143,988$587,371
49$780,081$212,221$116,765$607,909
50$826,594$189,564$87,622$629,975
51$876,810$164,756$56,460$653,737
52$931,073$137,658$23,181$679,380
53$989,764$108,125$0$707,111
54$1,053,299$76,001$0$738,737
55$1,122,135$41,125$0$776,205
56$1,196,777$3,324$0$816,840
57$1,277,778$0$0$860,970
58$1,365,747$0$0$919,714
59$1,461,354$0$0$984,614
60$1,565,338$0$0$1,055,223
61$1,678,507$0$0$1,132,096
62$1,801,755$0$0$1,215,840
63$1,936,064$0$0$1,307,126
64$2,082,514$0$0$1,406,693
65$2,242,295$0$0$1,515,353
66$2,416,715$0$0$1,633,998
67$2,607,216$0$0$1,763,614
68$2,815,383$0$0$1,905,284
69$3,042,965$0$0$2,060,200
70$3,291,882$0$0$2,229,676
71$3,564,253$0$0$2,415,157
72$3,862,408$0$0$2,618,236
73$4,188,915$0$0$2,840,666
74$4,546,601$0$0$3,084,379
75$4,938,580$0$0$3,351,500
76$5,368,279$0$0$3,644,371
77$5,839,475$0$0$3,965,572
78$6,356,327$0$0$4,317,945
79$6,923,417$0$0$4,704,617
80$7,545,791$0$0$5,129,037
81$8,229,007$0$0$5,595,001
82$8,979,187$0$0$6,106,692
83$9,803,077$0$0$6,668,716
84$10,708,106$0$0$7,286,151
85$11,702,459$0$0$7,964,586
86$12,795,153$0$0$8,710,181
87$13,996,121$0$0$9,529,724
88$15,316,308$0$0$10,430,689
89$16,767,771$0$0$11,421,314
90$18,363,792$0$0$12,510,675
91$20,119,008$0$0$13,708,768
92$22,049,542$0$0$15,026,609
93$24,173,159$0$0$16,476,336
94$26,509,435$0$0$18,071,322
95$29,079,935$0$0$19,826,299
96$31,908,421$0$0$21,757,503
97$35,021,077$0$0$23,882,820
98$38,446,751$0$0$26,221,961
99$42,217,230$0$0$28,796,641
100$46,367,538$0$0$31,630,790