Can I retire at age 35 with 346,000?

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 $346,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$28,572$28,318$28,070$27,827$27,591$26,559
2 years$14,145$13,881$13,626$13,378$13,138$12,111
3 years$9,336$9,072$8,817$8,572$8,336$7,344
4 years$6,932$6,669$6,416$6,175$5,945$4,998
5 years$5,490$5,228$4,979$4,743$4,519$3,618
6 years$4,529$4,269$4,024$3,793$3,576$2,722
7 years$3,843$3,585$3,344$3,119$2,908$2,101
8 years$3,329$3,073$2,836$2,616$2,413$1,652
9 years$2,929$2,676$2,443$2,228$2,032$1,316
10 years$2,609$2,359$2,130$1,921$1,731$1,059
11 years$2,348$2,100$1,875$1,672$1,489$859
12 years$2,130$1,885$1,664$1,466$1,290$701
13 years$1,946$1,703$1,487$1,295$1,125$575
14 years$1,789$1,548$1,336$1,149$986$473
15 years$1,652$1,414$1,206$1,025$868$391
16 years$1,533$1,298$1,093$918$767$324
17 years$1,428$1,195$995$825$680$269
18 years$1,334$1,104$908$743$605$223
19 years$1,251$1,023$831$671$539$186
20 years$1,176$951$763$608$482$155
21 years$1,108$886$702$552$431$129
22 years$1,047$827$647$502$386$108
23 years$991$773$597$457$347$90
24 years$939$725$552$417$312$75
25 years$892$680$512$381$281$63
26 years$849$639$474$348$253$53
27 years$808$601$441$319$228$44
28 years$771$567$410$292$206$37
29 years$737$535$381$268$186$31
30 years$704$505$355$246$168$26
31 years$674$477$331$226$152$22
32 years$646$452$309$207$137$18
33 years$620$428$288$191$124$15
34 years$595$405$269$175$112$13
35 years$572$384$252$161$102$11
36 years$550$365$236$149$92$9
37 years$529$347$221$137$84$7
38 years$509$329$207$126$76$6
39 years$491$313$194$116$69$5
40 years$473$298$181$107$62$4
41 years$456$284$170$99$57$4
42 years$441$270$160$91$51$3
43 years$425$257$150$84$47$3
44 years$411$245$141$78$42$2
45 years$397$234$132$72$38$2
46 years$384$223$124$67$35$2
47 years$372$213$116$61$32$1
48 years$360$203$109$57$29$1
49 years$349$194$103$52$26$1
50 years$338$185$97$48$24$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $346,000, adding $2,890 every year, while hoping to spend $23,386 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: 42/30/28 Blend
34$346,000$346,000$346,000$346,000
35$384,273$365,935$360,572$397,160
36$398,586$358,983$347,769$399,756
37$413,576$350,907$333,753$400,149
38$429,286$341,627$318,459$400,128
39$445,764$331,058$301,818$399,669
40$463,063$319,111$283,760$398,748
41$481,239$305,691$264,210$397,339
42$500,354$290,698$243,089$395,417
43$520,474$274,026$220,317$392,957
44$541,673$255,564$195,808$389,931
45$564,030$235,193$169,473$386,314
46$587,631$212,787$141,221$382,080
47$612,570$188,215$110,952$377,203
48$638,951$161,336$78,568$371,656
49$666,885$132,002$43,961$365,416
50$696,496$100,059$7,022$358,457
51$727,916$65,340$0$350,757
52$761,294$27,672$0$351,974
53$796,789$0$0$355,276
54$834,576$0$0$362,917
55$874,848$0$0$380,820
56$917,815$0$0$399,948
57$963,707$0$0$420,406
58$1,012,776$0$0$442,310
59$1,065,300$0$0$465,787
60$1,121,582$0$0$490,977
61$1,181,954$0$0$518,034
62$1,246,783$0$0$547,125
63$1,316,469$0$0$578,435
64$1,391,452$0$0$612,167
65$1,472,215$0$0$648,545
66$1,559,289$0$0$687,811
67$1,653,258$0$0$730,236
68$1,754,761$0$0$776,115
69$1,864,503$0$0$825,772
70$1,983,258$0$0$879,564
71$2,111,875$0$0$937,885
72$2,251,291$0$0$1,001,166
73$2,402,534$0$0$1,069,881
74$2,566,734$0$0$1,144,553
75$2,745,135$0$0$1,225,756
76$2,939,106$0$0$1,314,123
77$3,150,152$0$0$1,410,347
78$3,379,930$0$0$1,515,196
79$3,630,261$0$0$1,629,511
80$3,903,152$0$0$1,754,218
81$4,200,809$0$0$1,890,337
82$4,525,663$0$0$2,038,993
83$4,880,388$0$0$2,201,420
84$5,267,928$0$0$2,378,981
85$5,691,524$0$0$2,573,172
86$6,154,743$0$0$2,785,644
87$6,661,516$0$0$3,018,214
88$7,216,168$0$0$3,272,881
89$7,823,462$0$0$3,551,849
90$8,488,645$0$0$3,857,544
91$9,217,492$0$0$4,192,636
92$10,016,367$0$0$4,560,069
93$10,892,275$0$0$4,963,084
94$11,852,935$0$0$5,405,249
95$12,906,846$0$0$5,890,498
96$14,063,371$0$0$6,423,159
97$15,332,822$0$0$7,008,005
98$16,726,559$0$0$7,650,290
99$18,257,096$0$0$8,355,804
100$19,938,217$0$0$9,130,923