Can I retire at age 35 with 2,940,000?

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 $2,940,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$242,782$240,620$238,510$236,451$234,440$228,772
2 years$120,189$117,951$115,782$113,678$111,638$105,962
3 years$79,330$77,082$74,918$72,835$70,828$65,321
4 years$58,905$56,664$54,521$52,473$50,515$45,220
5 years$46,653$44,425$42,311$40,305$38,401$33,331
6 years$38,487$36,276$34,193$32,232$30,385$25,547
7 years$32,657$30,465$28,415$26,500$24,711$20,105
8 years$28,287$26,114$24,098$22,230$20,500$16,124
9 years$24,889$22,737$20,756$18,935$17,264$13,115
10 years$22,172$20,041$18,095$16,322$14,710$10,782
11 years$19,951$17,842$15,931$14,205$12,651$8,940
12 years$18,102$16,014$14,138$12,460$10,963$7,462
13 years$16,538$14,472$12,632$11,000$9,560$6,262
14 years$15,199$13,154$11,349$9,765$8,380$5,278
15 years$14,039$12,017$10,247$8,708$7,379$4,465
16 years$13,025$11,025$9,290$7,797$6,521$3,789
17 years$12,132$10,154$8,454$7,006$5,782$3,223
18 years$11,338$9,383$7,717$6,314$5,141$2,747
19 years$10,629$8,696$7,065$5,705$4,583$2,346
20 years$9,992$8,080$6,484$5,167$4,093$2,007
21 years$9,416$7,527$5,964$4,689$3,663$1,718
22 years$8,893$7,026$5,497$4,264$3,283$1,473
23 years$8,417$6,571$5,075$3,883$2,947$1,264
24 years$7,981$6,157$4,694$3,542$2,649$1,085
25 years$7,580$5,778$4,347$3,234$2,384$933
26 years$7,210$5,430$4,032$2,957$2,147$802
27 years$6,869$5,110$3,744$2,707$1,936$690
28 years$6,553$4,816$3,480$2,480$1,747$594
29 years$6,259$4,543$3,239$2,274$1,577$511
30 years$5,985$4,290$3,017$2,087$1,425$440
31 years$5,729$4,056$2,813$1,917$1,289$379
32 years$5,489$3,838$2,624$1,762$1,166$327
33 years$5,265$3,634$2,450$1,620$1,055$281
34 years$5,054$3,444$2,289$1,491$955$243
35 years$4,856$3,267$2,140$1,372$865$209
36 years$4,669$3,101$2,002$1,264$784$180
37 years$4,493$2,945$1,874$1,164$710$155
38 years$4,327$2,799$1,755$1,073$644$134
39 years$4,169$2,661$1,644$990$584$116
40 years$4,019$2,532$1,541$913$530$100
41 years$3,878$2,410$1,445$842$481$86
42 years$3,743$2,296$1,356$777$436$74
43 years$3,615$2,187$1,272$717$396$64
44 years$3,493$2,085$1,194$662$359$55
45 years$3,377$1,988$1,121$612$326$48
46 years$3,266$1,897$1,053$565$296$41
47 years$3,161$1,810$989$522$269$35
48 years$3,060$1,728$930$482$244$31
49 years$2,963$1,650$874$446$222$26
50 years$2,870$1,576$821$412$201$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $2,940,000, adding $4,334 every year, while hoping to spend $47,198 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: 43/29/28 Blend
34$2,940,000$2,940,000$2,940,000$2,940,000
35$3,244,351$3,088,531$3,042,961$3,357,200
36$3,525,056$3,189,650$3,094,681$3,539,633
37$3,832,811$3,294,143$3,146,553$3,732,371
38$4,170,326$3,402,124$3,198,531$3,940,306
39$4,540,585$3,513,713$3,250,566$4,164,875
40$4,946,873$3,629,034$3,302,609$4,407,657
41$5,392,812$3,748,215$3,354,605$4,670,393
42$5,882,390$3,871,388$3,406,495$4,954,996
43$6,419,999$3,998,691$3,458,218$5,263,570
44$7,010,479$4,130,267$3,509,708$5,598,435
45$7,659,161$4,266,263$3,560,896$5,962,140
46$8,371,917$4,406,832$3,611,708$6,357,493
47$9,155,217$4,552,131$3,662,064$6,787,587
48$10,016,188$4,702,324$3,711,883$7,255,824
49$10,962,683$4,857,583$3,761,075$7,765,952
50$12,003,354$5,018,081$3,809,548$8,322,096
51$13,147,731$5,184,002$3,857,203$8,928,800
52$14,406,316$5,355,534$3,903,935$9,591,068
53$15,790,678$5,532,873$3,949,635$10,314,410
54$17,313,564$5,716,221$3,994,185$11,104,894
55$18,989,021$5,905,789$4,037,463$11,969,205
56$20,832,523$6,101,795$4,079,340$12,914,704
57$22,861,120$6,304,463$4,119,678$13,949,500
58$25,093,600$6,514,027$4,158,333$15,082,526
59$27,550,664$6,730,731$4,195,154$16,323,619
60$30,255,120$6,954,825$4,229,980$17,683,620
61$33,232,100$7,186,570$4,262,642$19,174,468
62$36,509,298$7,426,235$4,292,964$20,809,315
63$40,117,227$7,674,101$4,320,759$22,602,654
64$44,089,510$7,930,458$4,345,830$24,570,448
65$48,463,196$8,195,606$4,367,971$26,730,285
66$53,279,109$8,469,858$4,386,966$29,101,543
67$58,582,235$8,753,538$4,402,586$31,705,571
68$64,422,143$9,046,981$4,414,592$34,565,891
69$70,853,453$9,350,534$4,422,732$37,708,419
70$77,936,354$9,664,560$4,426,743$41,161,711
71$85,737,171$9,989,432$4,426,348$44,957,227
72$94,328,988$10,325,540$4,421,256$49,129,635
73$103,792,338$10,673,285$4,411,162$53,717,130
74$114,215,967$11,033,086$4,395,746$58,761,801
75$125,697,666$11,405,377$4,374,673$64,310,022
76$138,345,195$11,790,608$4,347,592$70,412,893
77$152,277,303$12,189,246$4,314,134$77,126,718
78$167,624,844$12,601,775$4,273,914$84,513,541
79$184,532,015$13,028,699$4,226,527$92,641,727
80$203,157,714$13,470,539$4,171,550$101,586,609
81$223,677,043$13,927,837$4,108,539$111,431,196
82$246,282,957$14,401,157$4,037,030$122,266,961
83$271,188,086$14,891,081$3,956,538$134,194,696
84$298,626,743$15,398,216$3,866,554$147,325,472
85$328,857,132$15,923,190$3,766,545$161,781,680
86$362,163,792$16,466,658$3,655,956$177,698,187
87$398,860,272$17,029,298$3,534,204$195,223,612
88$439,292,100$17,611,814$3,400,680$214,521,725
89$483,840,039$18,214,937$3,254,748$235,772,993
90$532,923,682$18,839,429$3,095,741$259,176,284
91$587,005,414$19,486,077$2,922,965$284,950,741
92$646,594,773$20,155,701$2,735,691$313,337,855
93$712,253,263$20,849,154$2,533,160$344,603,740
94$784,599,652$21,567,319$2,314,577$379,041,645
95$864,315,815$22,311,116$2,079,114$416,974,723
96$952,153,167$23,081,500$1,825,903$458,759,080
97$1,048,939,759$23,879,462$1,554,039$504,787,136
98$1,155,588,092$24,706,033$1,262,578$555,491,331
99$1,273,103,735$25,562,286$950,531$611,348,204
100$1,402,594,811$26,449,334$616,869$672,882,892