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

Use the below retirement simulation to view the chances of a successful retirement.
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%12.4%
1 years$693,664$687,485$681,457$675,573$669,828$663,109
2 years$343,398$337,003$330,804$324,795$318,966$312,198
3 years$226,658$220,235$214,052$208,099$202,365$195,759
4 years$168,299$161,896$155,775$149,924$144,328$137,935
5 years$133,293$126,928$120,888$115,156$109,716$103,554
6 years$109,964$103,647$97,695$92,091$86,815$80,891
7 years$93,306$87,042$81,185$75,713$70,604$64,921
8 years$80,819$74,611$68,852$63,514$58,572$53,131
9 years$71,111$64,963$59,302$54,100$49,326$44,124
10 years$63,350$57,261$51,701$46,634$42,029$37,062
11 years$57,004$50,976$45,517$40,586$36,146$31,412
12 years$51,719$45,754$40,395$35,599$31,323$26,816
13 years$47,251$41,348$36,090$31,429$27,315$23,029
14 years$43,425$37,584$32,427$27,899$23,944$19,875
15 years$40,111$34,334$29,277$24,881$21,082$17,223
16 years$37,215$31,501$26,544$22,278$18,632$14,977
17 years$34,662$29,011$24,154$20,017$16,521$13,062
18 years$32,396$26,807$22,050$18,039$14,689$11,421
19 years$30,370$24,845$20,185$16,300$13,093$10,008
20 years$28,549$23,087$18,525$14,763$11,695$8,786
21 years$26,904$21,505$17,040$13,398$10,466$7,725
22 years$25,410$20,074$15,705$12,182$9,381$6,802
23 years$24,048$18,775$14,500$11,094$8,421$5,997
24 years$22,802$17,591$13,410$10,119$7,569$5,293
25 years$21,656$16,508$12,421$9,241$6,811$4,676
26 years$20,601$15,515$11,520$8,449$6,135$4,134
27 years$19,626$14,601$10,697$7,734$5,531$3,658
28 years$18,722$13,759$9,944$7,086$4,991$3,238
29 years$17,882$12,980$9,254$6,498$4,507$2,869
30 years$17,099$12,258$8,620$5,964$4,072$2,542
31 years$16,368$11,588$8,036$5,477$3,682$2,254
32 years$15,684$10,964$7,498$5,034$3,330$1,999
33 years$15,043$10,383$7,001$4,629$3,014$1,774
34 years$14,441$9,841$6,541$4,259$2,729$1,575
35 years$13,875$9,334$6,115$3,921$2,471$1,398
36 years$13,341$8,860$5,721$3,611$2,239$1,241
37 years$12,837$8,415$5,354$3,327$2,030$1,103
38 years$12,361$7,997$5,014$3,066$1,840$980
39 years$11,911$7,604$4,698$2,827$1,669$870
40 years$11,484$7,235$4,403$2,608$1,513$773
41 years$11,079$6,887$4,129$2,406$1,373$687
42 years$10,694$6,559$3,873$2,221$1,246$611
43 years$10,329$6,249$3,634$2,050$1,131$543
44 years$9,980$5,957$3,411$1,893$1,026$483
45 years$9,649$5,680$3,203$1,748$932$429
46 years$9,332$5,419$3,009$1,615$846$382
47 years$9,030$5,171$2,826$1,492$768$339
48 years$8,741$4,937$2,656$1,378$698$302
49 years$8,465$4,714$2,497$1,274$634$268
50 years$8,201$4,503$2,347$1,177$575$239

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 $2,540 every year, while hoping to spend $22,543 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: 33/47/20 Blend
34$8,400,000$8,400,000$8,400,000$8,400,000
35$9,259,420$8,814,220$8,684,020$9,507,776
36$10,179,895$9,222,131$8,950,949$10,100,490
37$11,193,503$9,649,275$9,226,065$10,736,607
38$12,309,720$10,096,569$9,509,617$11,421,720
39$13,538,987$10,564,976$9,801,865$12,160,153
40$14,892,811$11,055,506$10,103,074$12,956,642
41$16,383,868$11,569,217$10,413,518$13,816,378
42$18,026,132$12,107,218$10,733,480$14,745,046
43$19,834,996$12,670,670$11,063,250$15,748,878
44$21,827,425$13,260,793$11,403,129$16,834,706
45$24,022,115$13,878,863$11,753,426$18,010,021
46$26,439,663$14,526,220$12,114,458$19,283,042
47$29,102,771$15,204,268$12,486,555$20,662,784
48$32,036,454$15,914,477$12,870,055$22,159,138
49$35,268,276$16,658,390$13,265,305$23,782,961
50$38,828,613$17,437,624$13,672,666$25,546,172
51$42,750,938$18,253,874$14,092,507$27,461,856
52$47,072,137$19,108,917$14,525,209$29,544,381
53$51,832,858$20,004,617$14,971,166$31,809,529
54$57,077,891$20,942,925$15,430,783$34,274,636
55$62,856,598$21,925,891$15,904,476$36,958,748
56$69,223,371$22,955,659$16,392,676$39,882,793
57$76,238,150$24,034,482$16,895,825$43,069,770
58$83,966,988$25,164,717$17,414,382$46,544,956
59$92,482,672$26,348,840$17,948,814$50,336,140
60$101,865,413$27,589,442$18,499,609$54,473,869
61$112,203,604$28,889,244$19,067,265$58,991,732
62$123,594,650$30,251,095$19,652,296$63,926,663
63$136,145,891$31,677,984$20,255,234$69,319,281
64$149,975,612$33,173,046$20,876,625$75,214,260
65$165,214,164$34,739,565$21,517,032$81,660,739
66$182,005,192$36,380,987$22,177,035$88,712,774
67$200,506,988$38,100,922$22,857,233$96,429,836
68$220,893,992$39,903,158$23,558,241$104,877,353
69$243,358,432$41,791,665$24,280,695$114,127,323
70$268,112,142$43,770,607$25,025,248$124,258,967
71$295,388,561$45,844,348$25,792,575$135,359,470
72$325,444,939$48,017,465$26,583,370$147,524,783
73$358,564,759$50,294,757$27,398,350$160,860,513
74$395,060,421$52,681,257$28,238,251$175,482,900
75$435,276,185$55,182,239$29,103,833$191,519,896
76$479,591,424$57,803,238$29,995,880$209,112,353
77$528,424,205$60,550,052$30,915,198$228,415,333
78$582,235,236$63,428,766$31,862,619$249,599,547
79$641,532,212$66,445,758$32,838,999$272,852,947
80$706,874,612$69,607,715$33,845,220$298,382,472
81$778,878,980$72,921,651$34,882,193$326,415,980
82$858,224,743$76,394,919$35,950,853$357,204,371
83$945,660,628$80,035,230$37,052,167$391,023,928
84$1,042,011,726$83,850,671$38,187,129$428,178,898
85$1,148,187,289$87,849,721$39,356,765$469,004,330
86$1,265,189,306$92,041,270$40,562,130$513,869,211
87$1,394,121,966$96,434,643$41,804,312$563,179,912
88$1,536,202,083$101,039,617$43,084,433$617,383,992
89$1,692,770,582$105,866,445$44,403,648$676,974,385
90$1,865,305,158$110,925,878$45,763,147$742,494,017
91$2,055,434,228$116,229,190$47,164,156$814,540,891
92$2,264,952,304$121,788,204$48,607,940$893,773,689
93$2,495,836,932$127,615,320$50,095,799$980,917,948
94$2,750,267,367$133,723,538$51,629,076$1,076,772,864
95$3,030,645,141$140,126,494$53,209,153$1,182,218,786
96$3,339,616,738$146,838,485$54,837,452$1,298,225,478
97$3,680,098,581$153,874,506$56,515,442$1,425,861,223
98$4,055,304,561$161,250,282$58,244,635$1,566,302,850
99$4,468,776,383$168,982,302$60,026,586$1,720,846,788
100$4,924,416,999$177,087,860$61,862,902$1,890,921,242