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%16.5%
1 years$28,407$28,154$27,907$27,666$27,431$26,703
2 years$14,063$13,801$13,547$13,301$13,062$12,334
3 years$9,282$9,019$8,766$8,522$8,287$7,581
4 years$6,892$6,630$6,379$6,140$5,911$5,232
5 years$5,459$5,198$4,951$4,716$4,493$3,845
6 years$4,503$4,245$4,001$3,771$3,555$2,937
7 years$3,821$3,565$3,325$3,101$2,891$2,304
8 years$3,310$3,056$2,820$2,601$2,399$1,841
9 years$2,912$2,660$2,429$2,216$2,020$1,492
10 years$2,594$2,345$2,117$1,910$1,721$1,222
11 years$2,334$2,088$1,864$1,662$1,480$1,009
12 years$2,118$1,874$1,654$1,458$1,283$839
13 years$1,935$1,693$1,478$1,287$1,119$701
14 years$1,778$1,539$1,328$1,143$981$589
15 years$1,643$1,406$1,199$1,019$863$496
16 years$1,524$1,290$1,087$912$763$419
17 years$1,420$1,188$989$820$677$355
18 years$1,327$1,098$903$739$602$301
19 years$1,244$1,017$827$668$536$256
20 years$1,169$945$759$605$479$218
21 years$1,102$881$698$549$429$186
22 years$1,041$822$643$499$384$159
23 years$985$769$594$454$345$135
24 years$934$720$549$414$310$116
25 years$887$676$509$378$279$99
26 years$844$635$472$346$251$85
27 years$804$598$438$317$227$72
28 years$767$563$407$290$204$62
29 years$732$532$379$266$185$53
30 years$700$502$353$244$167$46
31 years$670$475$329$224$151$39
32 years$642$449$307$206$136$33
33 years$616$425$287$190$123$29
34 years$591$403$268$174$112$25
35 years$568$382$250$161$101$21
36 years$546$363$234$148$92$18
37 years$526$345$219$136$83$16
38 years$506$327$205$126$75$13
39 years$488$311$192$116$68$11
40 years$470$296$180$107$62$10
41 years$454$282$169$99$56$8
42 years$438$269$159$91$51$7
43 years$423$256$149$84$46$6
44 years$409$244$140$78$42$5
45 years$395$233$131$72$38$5
46 years$382$222$123$66$35$4
47 years$370$212$116$61$31$3
48 years$358$202$109$56$29$3
49 years$347$193$102$52$26$2
50 years$336$184$96$48$24$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $344,000, adding $3,194 every year, while hoping to spend $22,042 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: 48/39/13 Blend
34$344,000$344,000$344,000$344,000
35$382,383$364,151$358,819$399,213
36$397,933$358,541$347,387$405,545
37$414,331$351,919$334,833$409,877
38$431,639$344,209$321,096$414,088
39$449,927$335,336$306,114$418,175
40$469,270$325,218$289,818$422,136
41$489,749$313,767$272,141$425,970
42$511,454$300,892$253,008$429,676
43$534,484$286,497$232,345$433,256
44$558,944$270,479$210,072$436,716
45$584,953$252,729$186,106$440,060
46$612,638$233,132$160,360$443,299
47$642,139$211,568$132,745$446,444
48$673,611$187,908$103,165$449,513
49$707,220$162,017$71,522$452,525
50$743,153$133,752$37,714$455,506
51$781,610$102,961$1,633$458,487
52$822,813$69,485$0$461,503
53$867,005$33,155$0$469,714
54$914,454$0$0$478,632
55$965,451$0$0$490,771
56$1,020,318$0$0$519,166
57$1,079,408$0$0$549,775
58$1,143,108$0$0$582,803
59$1,211,844$0$0$618,473
60$1,286,084$0$0$657,032
61$1,366,341$0$0$698,753
62$1,453,180$0$0$743,931
63$1,547,222$0$0$792,896
64$1,649,149$0$0$846,008
65$1,759,712$0$0$903,662
66$1,879,737$0$0$966,295
67$2,010,132$0$0$1,034,386
68$2,151,894$0$0$1,108,463
69$2,306,123$0$0$1,189,105
70$2,474,028$0$0$1,276,952
71$2,656,938$0$0$1,372,705
72$2,856,318$0$0$1,477,139
73$3,073,779$0$0$1,591,104
74$3,311,093$0$0$1,715,537
75$3,570,212$0$0$1,851,470
76$3,853,285$0$0$2,000,038
77$4,162,678$0$0$2,162,491
78$4,500,993$0$0$2,340,205
79$4,871,099$0$0$2,534,697
80$5,276,153$0$0$2,747,633
81$5,719,631$0$0$2,980,853
82$6,205,360$0$0$3,236,379
83$6,737,557$0$0$3,516,441
84$7,320,865$0$0$3,823,493
85$7,960,396$0$0$4,160,237
86$8,661,783$0$0$4,529,652
87$9,431,228$0$0$4,935,017
88$10,275,564$0$0$5,379,945
89$11,202,316$0$0$5,868,414
90$12,219,775$0$0$6,404,808
91$13,337,071$0$0$6,993,956
92$14,564,263$0$0$7,641,176
93$15,912,434$0$0$8,352,328
94$17,393,791$0$0$9,133,868
95$19,021,783$0$0$9,992,908
96$20,811,225$0$0$10,937,282
97$22,778,440$0$0$11,975,623
98$24,941,412$0$0$13,117,441
99$27,319,954$0$0$14,373,214
100$29,935,895$0$0$15,754,487