Can I retire at age 35 with 1,980,000?

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 $1,980,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$163,507$162,050$160,629$159,242$157,888$152,834
2 years$80,944$79,436$77,975$76,559$75,185$70,139
3 years$53,427$51,913$50,455$49,052$47,700$42,822
4 years$39,671$38,161$36,718$35,339$34,020$29,347
5 years$31,419$29,919$28,495$27,144$25,862$21,405
6 years$25,920$24,431$23,028$21,707$20,463$16,228
7 years$21,994$20,517$19,137$17,847$16,642$12,627
8 years$19,050$17,587$16,229$14,971$13,806$10,008
9 years$16,762$15,313$13,978$12,752$11,627$8,042
10 years$14,932$13,497$12,187$10,992$9,907$6,530
11 years$13,437$12,016$10,729$9,567$8,520$5,345
12 years$12,191$10,785$9,522$8,391$7,383$4,403
13 years$11,138$9,746$8,507$7,408$6,438$3,645
14 years$10,236$8,859$7,644$6,576$5,644$3,030
15 years$9,455$8,093$6,901$5,865$4,969$2,528
16 years$8,772$7,425$6,257$5,251$4,392$2,114
17 years$8,170$6,838$5,693$4,718$3,894$1,773
18 years$7,636$6,319$5,197$4,252$3,463$1,489
19 years$7,159$5,856$4,758$3,842$3,086$1,252
20 years$6,729$5,442$4,367$3,480$2,757$1,055
21 years$6,342$5,069$4,016$3,158$2,467$890
22 years$5,989$4,732$3,702$2,871$2,211$751
23 years$5,668$4,425$3,418$2,615$1,985$634
24 years$5,375$4,146$3,161$2,385$1,784$536
25 years$5,105$3,891$2,928$2,178$1,605$453
26 years$4,856$3,657$2,715$1,992$1,446$383
27 years$4,626$3,442$2,521$1,823$1,304$325
28 years$4,413$3,243$2,344$1,670$1,176$275
29 years$4,215$3,059$2,181$1,532$1,062$233
30 years$4,030$2,889$2,032$1,406$960$197
31 years$3,858$2,731$1,894$1,291$868$167
32 years$3,697$2,584$1,767$1,186$785$142
33 years$3,546$2,448$1,650$1,091$710$120
34 years$3,404$2,320$1,542$1,004$643$102
35 years$3,270$2,200$1,441$924$583$86
36 years$3,145$2,088$1,348$851$528$73
37 years$3,026$1,983$1,262$784$478$62
38 years$2,914$1,885$1,182$723$434$53
39 years$2,808$1,792$1,107$666$393$45
40 years$2,707$1,705$1,038$615$357$38
41 years$2,612$1,623$973$567$324$32
42 years$2,521$1,546$913$523$294$27
43 years$2,435$1,473$857$483$267$23
44 years$2,353$1,404$804$446$242$20
45 years$2,274$1,339$755$412$220$17
46 years$2,200$1,277$709$381$199$14
47 years$2,129$1,219$666$352$181$12
48 years$2,060$1,164$626$325$164$10
49 years$1,995$1,111$588$300$149$9
50 years$1,933$1,061$553$278$136$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $1,980,000, adding $6,050 every year, while hoping to spend $31,633 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: 40/39/21 Blend
34$1,980,000$1,980,000$1,980,000$1,980,000
35$2,188,201$2,083,261$2,052,571$2,261,903
36$2,377,740$2,151,683$2,087,674$2,383,734
37$2,585,552$2,222,398$2,122,894$2,511,983
38$2,813,467$2,295,485$2,158,200$2,650,084
39$3,063,501$2,371,024$2,193,561$2,798,953
40$3,337,876$2,449,102$2,228,942$2,959,597
41$3,639,036$2,529,805$2,264,309$3,133,121
42$3,969,677$2,613,224$2,299,622$3,320,742
43$4,332,766$2,699,454$2,334,841$3,523,799
44$4,731,573$2,788,592$2,369,923$3,743,762
45$5,169,699$2,880,739$2,404,822$3,982,252
46$5,651,113$2,976,000$2,439,488$4,241,048
47$6,180,185$3,074,482$2,473,869$4,522,113
48$6,761,732$3,176,299$2,507,911$4,827,601
49$7,401,057$3,281,567$2,541,555$5,159,887
50$8,104,008$3,390,406$2,574,740$5,521,583
51$8,877,022$3,502,942$2,607,400$5,915,565
52$9,727,196$3,619,304$2,639,465$6,344,999
53$10,662,347$3,739,626$2,670,863$6,813,369
54$11,691,086$3,864,048$2,701,517$7,324,513
55$12,822,904$3,992,713$2,731,345$7,882,654
56$14,068,256$4,125,772$2,760,261$8,492,445
57$15,438,663$4,263,380$2,788,175$9,159,007
58$16,946,817$4,405,696$2,814,990$9,887,981
59$18,606,706$4,552,889$2,840,605$10,685,578
60$20,433,740$4,705,131$2,864,916$11,558,639
61$22,444,900$4,862,600$2,887,808$12,514,698
62$24,658,896$5,025,484$2,909,166$13,562,054
63$27,096,345$5,193,974$2,928,865$14,709,847
64$29,779,964$5,368,270$2,946,774$15,968,144
65$32,734,786$5,548,581$2,962,756$17,348,034
66$35,988,393$5,735,121$2,976,668$18,861,733
67$39,571,180$5,928,113$2,988,357$20,522,698
68$43,516,639$6,127,789$2,997,665$22,345,751
69$47,861,674$6,334,389$3,004,425$24,347,223
70$52,646,953$6,548,161$3,008,461$26,545,104
71$57,917,286$6,769,365$3,009,589$28,959,212
72$63,722,055$6,998,270$3,007,615$31,611,383
73$70,115,671$7,235,152$3,002,337$34,525,672
74$77,158,097$7,480,302$2,993,543$37,728,581
75$84,915,405$7,734,018$2,981,008$41,249,310
76$93,460,404$7,996,613$2,964,500$45,120,031
77$102,873,328$8,268,410$2,943,773$49,376,190
78$113,242,588$8,549,743$2,918,571$54,056,839
79$124,665,613$8,840,961$2,888,624$59,205,011
80$137,249,763$9,142,426$2,853,651$64,868,115
81$151,113,347$9,454,513$2,813,356$71,098,393
82$166,386,736$9,777,611$2,767,431$77,953,405
83$183,213,595$10,112,126$2,715,551$85,496,574
84$201,752,239$10,458,477$2,657,380$93,797,783
85$222,177,126$10,817,102$2,592,561$102,934,037
86$244,680,507$11,188,453$2,520,725$112,990,184
87$269,474,233$11,573,002$2,441,484$124,059,718
88$296,791,763$11,971,238$2,354,433$136,245,660
89$326,890,363$12,383,669$2,259,146$149,661,528
90$360,053,535$12,810,823$2,155,182$164,432,410
91$396,593,690$13,253,248$2,042,076$180,696,142
92$436,855,105$13,711,515$1,919,343$198,604,609
93$481,217,163$14,186,217$1,786,478$218,325,176
94$530,097,940$14,677,968$1,642,952$240,042,268
95$583,958,150$15,187,409$1,488,211$263,959,111
96$643,305,493$15,715,204$1,321,678$290,299,645
97$708,699,450$16,262,045$1,142,751$319,310,642
98$780,756,559$16,828,650$950,798$351,264,029
99$860,156,240$17,415,767$745,162$386,459,460
100$947,647,208$18,024,171$525,157$425,227,135