Can I retire at age 35 with 2,340,000?

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 $2,340,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$193,235$191,514$189,834$188,195$186,595$181,203
2 years$95,661$93,879$92,153$90,479$88,855$83,465
3 years$63,140$61,351$59,629$57,970$56,373$51,155
4 years$46,883$45,100$43,395$41,764$40,206$35,199
5 years$37,132$35,359$33,676$32,079$30,564$25,782
6 years$30,633$28,873$27,215$25,654$24,184$19,632
7 years$25,992$24,247$22,616$21,092$19,668$15,345
8 years$22,514$20,785$19,180$17,693$16,317$12,221
9 years$19,810$18,097$16,520$15,071$13,741$9,868
10 years$17,647$15,951$14,402$12,991$11,708$8,052
11 years$15,880$14,201$12,680$11,306$10,069$6,625
12 years$14,408$12,746$11,253$9,917$8,726$5,486
13 years$13,163$11,518$10,054$8,755$7,609$4,567
14 years$12,097$10,470$9,033$7,772$6,670$3,818
15 years$11,174$9,564$8,156$6,931$5,873$3,203
16 years$10,367$8,775$7,394$6,206$5,190$2,694
17 years$9,656$8,082$6,729$5,576$4,602$2,272
18 years$9,024$7,468$6,142$5,025$4,092$1,920
19 years$8,460$6,921$5,623$4,541$3,647$1,625
20 years$7,953$6,431$5,161$4,112$3,258$1,377
21 years$7,495$5,991$4,747$3,732$2,915$1,168
22 years$7,078$5,592$4,375$3,394$2,613$992
23 years$6,699$5,230$4,039$3,091$2,346$843
24 years$6,352$4,900$3,736$2,819$2,108$717
25 years$6,033$4,599$3,460$2,574$1,897$611
26 years$5,739$4,322$3,209$2,354$1,709$520
27 years$5,467$4,067$2,980$2,154$1,541$443
28 years$5,215$3,833$2,770$1,974$1,390$377
29 years$4,981$3,616$2,578$1,810$1,255$322
30 years$4,763$3,415$2,401$1,661$1,134$274
31 years$4,560$3,228$2,239$1,526$1,026$234
32 years$4,369$3,054$2,089$1,402$928$200
33 years$4,191$2,893$1,950$1,289$840$170
34 years$4,023$2,741$1,822$1,186$760$145
35 years$3,865$2,600$1,704$1,092$688$124
36 years$3,716$2,468$1,594$1,006$624$106
37 years$3,576$2,344$1,492$927$565$90
38 years$3,444$2,228$1,397$854$513$77
39 years$3,318$2,118$1,309$788$465$66
40 years$3,199$2,015$1,227$726$422$56
41 years$3,086$1,918$1,150$670$382$48
42 years$2,979$1,827$1,079$619$347$41
43 years$2,877$1,741$1,012$571$315$35
44 years$2,780$1,659$950$527$286$30
45 years$2,688$1,582$892$487$260$25
46 years$2,600$1,510$838$450$236$22
47 years$2,516$1,441$787$416$214$19
48 years$2,435$1,375$740$384$194$16
49 years$2,358$1,313$695$355$177$14
50 years$2,285$1,254$654$328$160$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $2,340,000, adding $2,230 every year, while hoping to spend $23,121 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: 53/28/19 Blend
34$2,340,000$2,340,000$2,340,000$2,340,000
35$2,580,980$2,456,960$2,420,690$2,704,274
36$2,819,640$2,552,751$2,477,183$2,884,889
37$3,081,867$2,652,460$2,534,793$3,078,702
38$3,370,043$2,756,256$2,593,534$3,289,095
39$3,686,788$2,864,313$2,653,418$3,517,652
40$4,034,991$2,976,815$2,714,457$3,766,116
41$4,417,833$3,093,951$2,776,665$4,036,405
42$4,838,820$3,215,923$2,840,051$4,330,626
43$5,301,814$3,342,938$2,904,627$4,651,099
44$5,811,071$3,475,214$2,970,404$5,000,375
45$6,371,279$3,612,978$3,037,391$5,381,262
46$6,987,603$3,756,468$3,105,598$5,796,847
47$7,665,737$3,905,932$3,175,033$6,250,532
48$8,411,949$4,061,631$3,245,705$6,746,054
49$9,233,151$4,223,834$3,317,619$7,287,533
50$10,136,956$4,392,825$3,390,783$7,879,498
51$11,131,753$4,568,901$3,465,201$8,526,938
52$12,226,785$4,752,371$3,540,879$9,235,343
53$13,432,238$4,943,557$3,617,819$10,010,758
54$14,759,334$5,142,799$3,696,023$10,859,837
55$16,220,439$5,350,450$3,775,494$11,789,907
56$17,829,181$5,566,878$3,856,229$12,809,035
57$19,600,573$5,792,471$3,938,228$13,926,104
58$21,551,160$6,027,631$4,021,488$15,150,895
59$23,699,175$6,272,781$4,106,004$16,494,179
60$26,064,705$6,528,362$4,191,770$17,967,819
61$28,669,889$6,794,835$4,278,778$19,584,877
62$31,539,118$7,072,683$4,367,018$21,359,741
63$34,699,273$7,362,410$4,456,478$23,308,255
64$38,179,974$7,664,543$4,547,145$25,447,872
65$42,013,860$7,979,634$4,639,002$27,797,814
66$46,236,897$8,308,259$4,732,032$30,379,254
67$50,888,719$8,651,022$4,826,214$33,215,513
68$56,013,000$9,008,554$4,921,524$36,332,281
69$61,657,867$9,381,514$5,017,936$39,757,855
70$67,876,354$9,770,593$5,115,421$43,523,407
71$74,726,902$10,176,512$5,213,948$47,663,277
72$82,273,912$10,600,027$5,313,481$52,215,294
73$90,588,350$11,041,928$5,413,982$57,221,130
74$99,748,420$11,503,040$5,515,408$62,726,696
75$109,840,298$11,984,229$5,617,714$68,782,569
76$120,958,951$12,486,398$5,720,850$75,444,471
77$133,209,027$13,010,495$5,824,761$82,773,791
78$146,705,847$13,557,508$5,929,390$90,838,163
79$161,576,491$14,128,474$6,034,673$99,712,101
80$177,961,001$14,724,477$6,140,542$109,477,703
81$196,013,698$15,346,651$6,246,925$120,225,421
82$215,904,641$15,996,183$6,353,743$132,054,912
83$237,821,233$16,674,314$6,460,911$145,075,981
84$261,969,988$17,382,345$6,568,341$159,409,609
85$288,578,482$18,121,636$6,675,937$175,189,093
86$317,897,501$18,893,610$6,783,594$192,561,306
87$350,203,407$19,699,757$6,891,205$211,688,076
88$385,800,746$20,541,636$6,998,652$232,747,713
89$425,025,126$21,420,880$7,105,810$255,936,687
90$468,246,383$22,339,198$7,212,549$281,471,479
91$515,872,072$23,298,377$7,318,728$309,590,626
92$568,351,315$24,300,289$7,424,197$340,556,961
93$626,179,040$25,346,894$7,528,799$374,660,097
94$689,900,654$26,440,243$7,632,365$412,219,155
95$760,117,190$27,582,484$7,734,718$453,585,770
96$837,490,982$28,775,865$7,835,670$499,147,408
97$922,751,919$30,022,739$7,935,022$549,331,022
98$1,016,704,333$31,325,572$8,032,564$604,607,071
99$1,120,234,592$32,686,942$8,128,072$665,493,964
100$1,234,319,470$34,109,551$8,221,311$732,562,941