Can I retire at age 35 with 8,400,000?

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 $8,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$693,664$687,485$681,457$675,573$669,828$648,906
2 years$343,398$337,003$330,804$324,795$318,966$298,073
3 years$226,658$220,235$214,052$208,099$202,365$182,158
4 years$168,299$161,896$155,775$149,924$144,328$124,961
5 years$133,293$126,928$120,888$115,156$109,716$91,241
6 years$109,964$103,647$97,695$92,091$86,815$69,247
7 years$93,306$87,042$81,185$75,713$70,604$53,943
8 years$80,819$74,611$68,852$63,514$58,572$42,808
9 years$71,111$64,963$59,302$54,100$49,326$34,440
10 years$63,350$57,261$51,701$46,634$42,029$27,998
11 years$57,004$50,976$45,517$40,586$36,146$22,947
12 years$51,719$45,754$40,395$35,599$31,323$18,927
13 years$47,251$41,348$36,090$31,429$27,315$15,692
14 years$43,425$37,584$32,427$27,899$23,944$13,064
15 years$40,111$34,334$29,277$24,881$21,082$10,913
16 years$37,215$31,501$26,544$22,278$18,632$9,141
17 years$34,662$29,011$24,154$20,017$16,521$7,674
18 years$32,396$26,807$22,050$18,039$14,689$6,455
19 years$30,370$24,845$20,185$16,300$13,093$5,439
20 years$28,549$23,087$18,525$14,763$11,695$4,588
21 years$26,904$21,505$17,040$13,398$10,466$3,875
22 years$25,410$20,074$15,705$12,182$9,381$3,276
23 years$24,048$18,775$14,500$11,094$8,421$2,771
24 years$22,802$17,591$13,410$10,119$7,569$2,346
25 years$21,656$16,508$12,421$9,241$6,811$1,987
26 years$20,601$15,515$11,520$8,449$6,135$1,684
27 years$19,626$14,601$10,697$7,734$5,531$1,427
28 years$18,722$13,759$9,944$7,086$4,991$1,211
29 years$17,882$12,980$9,254$6,498$4,507$1,027
30 years$17,099$12,258$8,620$5,964$4,072$871
31 years$16,368$11,588$8,036$5,477$3,682$739
32 years$15,684$10,964$7,498$5,034$3,330$628
33 years$15,043$10,383$7,001$4,629$3,014$533
34 years$14,441$9,841$6,541$4,259$2,729$452
35 years$13,875$9,334$6,115$3,921$2,471$384
36 years$13,341$8,860$5,721$3,611$2,239$326
37 years$12,837$8,415$5,354$3,327$2,030$277
38 years$12,361$7,997$5,014$3,066$1,840$235
39 years$11,911$7,604$4,698$2,827$1,669$200
40 years$11,484$7,235$4,403$2,608$1,513$170
41 years$11,079$6,887$4,129$2,406$1,373$144
42 years$10,694$6,559$3,873$2,221$1,246$122
43 years$10,329$6,249$3,634$2,050$1,131$104
44 years$9,980$5,957$3,411$1,893$1,026$88
45 years$9,649$5,680$3,203$1,748$932$75
46 years$9,332$5,419$3,009$1,615$846$64
47 years$9,030$5,171$2,826$1,492$768$54
48 years$8,741$4,937$2,656$1,378$698$46
49 years$8,465$4,714$2,497$1,274$634$39
50 years$8,201$4,503$2,347$1,177$575$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $8,400,000, adding $6,476 every year, while hoping to spend $37,612 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: 54/23/23 Blend
34$8,400,000$8,400,000$8,400,000$8,400,000
35$9,263,480$8,818,280$8,688,080$9,704,803
36$10,168,336$9,210,357$8,939,112$10,400,991
37$11,164,227$9,620,385$9,197,293$11,154,018
38$12,260,398$10,049,204$9,462,822$11,973,003
39$13,467,038$10,497,694$9,735,906$12,864,269
40$14,795,371$10,966,776$10,016,754$13,834,771
41$16,257,767$11,457,417$10,305,584$14,892,153
42$17,867,856$11,970,626$10,602,617$16,044,822
43$19,640,655$12,507,465$10,908,082$17,302,025
44$21,592,714$13,069,042$11,222,215$18,673,935
45$23,742,266$13,656,522$11,545,255$20,171,740
46$26,109,407$14,271,121$11,877,451$21,807,750
47$28,716,277$14,914,116$12,219,056$23,595,510
48$31,587,275$15,586,846$12,570,332$25,549,924
49$34,749,286$16,290,710$12,931,546$27,687,393
50$38,231,935$17,027,176$13,302,975$30,025,965
51$42,067,868$17,797,784$13,684,901$32,585,507
52$46,293,059$18,604,144$14,077,614$35,387,882
53$50,947,150$19,447,945$14,481,412$38,457,161
54$56,073,821$20,330,957$14,896,601$41,819,835
55$61,721,210$21,255,033$15,323,497$45,505,074
56$67,942,361$22,222,116$15,762,421$49,544,987
57$74,795,724$23,234,243$16,213,705$53,974,928
58$82,345,713$24,293,546$16,677,689$58,833,824
59$90,663,307$25,402,261$17,154,723$64,164,535
60$99,826,723$26,562,730$17,645,164$70,014,258
61$109,922,153$27,777,408$18,149,382$76,434,964
62$121,044,580$29,048,869$18,667,754$83,483,886
63$133,298,672$30,379,808$19,200,668$91,224,051
64$146,799,768$31,773,050$19,748,522$99,724,875
65$161,674,972$33,231,557$20,311,725$109,062,804
66$178,064,348$34,758,433$20,890,697$119,322,037
67$196,122,245$36,356,929$21,485,868$130,595,311
68$216,018,749$38,030,454$22,097,681$142,984,769
69$237,941,296$39,782,581$22,726,588$156,602,921
70$262,096,435$41,617,054$23,373,055$171,573,692
71$288,711,780$43,537,798$24,037,561$188,033,594
72$318,038,157$45,548,926$24,720,595$206,132,996
73$350,351,975$47,654,749$25,422,660$226,037,545
74$385,957,831$49,859,786$26,144,274$247,929,712
75$425,191,388$52,168,773$26,885,965$272,010,513
76$468,422,542$54,586,676$27,648,277$298,501,394
77$516,058,915$57,118,697$28,431,769$327,646,310
78$568,549,702$59,770,291$29,237,011$359,714,021
79$626,389,912$62,547,176$30,064,591$395,000,616
80$690,125,040$65,455,344$30,915,112$433,832,297
81$760,356,217$68,501,079$31,789,191$476,568,448
82$837,745,884$71,690,965$32,687,462$523,605,016
83$923,024,048$75,031,905$33,610,575$575,378,231
84$1,016,995,168$78,531,136$34,559,197$632,368,718
85$1,120,545,757$82,196,243$35,534,011$695,106,015
86$1,234,652,744$86,035,179$36,535,721$764,173,559
87$1,360,392,700$90,056,279$37,565,043$840,214,178
88$1,498,952,001$94,268,282$38,622,718$923,936,145
89$1,651,638,027$98,680,350$39,709,501$1,016,119,847
90$1,819,891,505$103,302,086$40,826,168$1,117,625,134
91$2,005,300,109$108,143,559$41,973,515$1,229,399,416
92$2,209,613,450$113,215,323$43,152,358$1,352,486,595
93$2,434,759,593$118,528,445$44,363,533$1,488,036,891
94$2,682,863,258$124,094,526$45,607,898$1,637,317,687
95$2,956,265,880$129,925,727$46,886,332$1,801,725,467
96$3,257,547,712$136,034,800$48,199,737$1,982,798,981
97$3,589,552,187$142,435,113$49,549,036$2,182,233,742
98$3,955,412,758$149,140,682$50,935,177$2,401,898,015
99$4,358,582,484$156,166,200$52,359,130$2,643,850,422
100$4,802,866,627$163,527,074$53,821,891$2,910,359,352