Can I retire at age 35 with 2,980,000?

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 $2,980,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$246,086$243,894$241,755$239,668$237,629$229,747
2 years$121,825$119,556$117,357$115,225$113,157$105,292
3 years$80,410$78,131$75,938$73,826$71,791$64,191
4 years$59,706$57,435$55,263$53,187$51,202$43,924
5 years$47,287$45,029$42,886$40,853$38,923$31,987
6 years$39,011$36,770$34,659$32,670$30,799$24,210
7 years$33,101$30,879$28,801$26,860$25,047$18,806
8 years$28,671$26,469$24,426$22,532$20,779$14,880
9 years$25,228$23,046$21,038$19,193$17,499$11,935
10 years$22,474$20,314$18,341$16,544$14,910$9,672
11 years$20,223$18,084$16,148$14,398$12,823$7,901
12 years$18,348$16,232$14,331$12,629$11,112$6,496
13 years$16,763$14,669$12,803$11,150$9,690$5,367
14 years$15,405$13,333$11,504$9,898$8,494$4,453
15 years$14,230$12,180$10,386$8,827$7,479$3,706
16 years$13,203$11,175$9,417$7,903$6,610$3,093
17 years$12,297$10,292$8,569$7,101$5,861$2,588
18 years$11,493$9,510$7,822$6,400$5,211$2,169
19 years$10,774$8,814$7,161$5,783$4,645$1,820
20 years$10,128$8,190$6,572$5,237$4,149$1,530
21 years$9,544$7,629$6,045$4,753$3,713$1,287
22 years$9,014$7,121$5,571$4,322$3,328$1,084
23 years$8,531$6,661$5,144$3,936$2,987$913
24 years$8,089$6,240$4,757$3,590$2,685$770
25 years$7,683$5,856$4,406$3,278$2,416$649
26 years$7,309$5,504$4,087$2,998$2,176$548
27 years$6,963$5,180$3,795$2,744$1,962$463
28 years$6,642$4,881$3,528$2,514$1,771$391
29 years$6,344$4,605$3,283$2,305$1,599$330
30 years$6,066$4,349$3,058$2,116$1,445$279
31 years$5,807$4,111$2,851$1,943$1,306$236
32 years$5,564$3,890$2,660$1,786$1,181$199
33 years$5,337$3,684$2,484$1,642$1,069$169
34 years$5,123$3,491$2,320$1,511$968$142
35 years$4,922$3,311$2,169$1,391$877$120
36 years$4,733$3,143$2,029$1,281$794$102
37 years$4,554$2,985$1,900$1,180$720$86
38 years$4,385$2,837$1,779$1,088$653$73
39 years$4,226$2,698$1,667$1,003$592$62
40 years$4,074$2,567$1,562$925$537$52
41 years$3,930$2,443$1,465$854$487$44
42 years$3,794$2,327$1,374$788$442$37
43 years$3,664$2,217$1,289$727$401$32
44 years$3,541$2,113$1,210$671$364$27
45 years$3,423$2,015$1,136$620$331$23
46 years$3,311$1,922$1,067$573$300$19
47 years$3,204$1,835$1,003$529$273$16
48 years$3,101$1,751$942$489$247$14
49 years$3,003$1,672$886$452$225$12
50 years$2,910$1,598$833$418$204$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $2,980,000, adding $3,771 every year, while hoping to spend $34,541 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: 85/7/8 Blend
34$2,980,000$2,980,000$2,980,000$2,980,000
35$3,287,850$3,129,910$3,083,720$3,564,159
36$3,586,459$3,246,524$3,150,273$3,861,704
37$3,914,369$3,367,695$3,217,898$4,183,453
38$4,274,531$3,493,609$3,286,595$4,535,854
39$4,670,199$3,624,460$3,356,361$4,921,967
40$5,104,953$3,760,454$3,427,193$5,345,162
41$5,582,743$3,901,800$3,499,088$5,809,152
42$6,107,915$4,048,720$3,572,040$6,318,026
43$6,685,260$4,201,445$3,646,041$6,876,287
44$7,320,055$4,360,215$3,721,082$7,488,897
45$8,018,117$4,525,281$3,797,154$8,161,319
46$8,785,850$4,696,905$3,874,244$8,899,573
47$9,630,313$4,875,360$3,952,338$9,710,289
48$10,559,283$5,060,931$4,031,420$10,600,771
49$11,581,329$5,253,916$4,111,471$11,579,067
50$12,705,890$5,454,623$4,192,471$12,654,040
51$13,943,370$5,663,379$4,274,398$13,835,455
52$15,305,230$5,880,520$4,357,226$15,134,073
53$16,804,097$6,106,400$4,440,927$16,561,745
54$18,453,888$6,341,386$4,525,471$18,131,531
55$20,269,934$6,585,864$4,610,824$19,857,819
56$22,269,130$6,840,234$4,696,949$21,756,458
57$24,470,091$7,104,915$4,783,807$23,844,915
58$26,893,330$7,380,345$4,871,354$26,142,433
59$29,561,449$7,666,982$4,959,543$28,670,211
60$32,499,353$7,965,300$5,048,325$31,451,612
61$35,734,487$8,275,800$5,137,644$34,512,373
62$39,297,091$8,599,000$5,227,441$37,880,854
63$43,220,487$8,935,444$5,317,653$41,588,304
64$47,541,396$9,285,700$5,408,213$45,669,154
65$52,300,278$9,650,359$5,499,048$50,161,342
66$57,541,720$10,030,040$5,590,080$55,106,671
67$63,314,854$10,425,391$5,681,227$60,551,205
68$69,673,820$10,837,086$5,772,399$66,545,699
69$76,678,278$11,265,831$5,863,502$73,146,079
70$84,393,968$11,712,363$5,954,435$80,413,972
71$92,893,336$12,177,452$6,045,092$88,417,285
72$102,256,211$12,661,902$6,135,358$97,230,846
73$112,570,565$13,166,555$6,225,112$106,937,106
74$123,933,335$13,692,289$6,314,225$117,626,924
75$136,451,345$14,240,022$6,402,563$129,400,417
76$150,242,313$14,810,713$6,489,979$142,367,910
77$165,435,956$15,405,365$6,576,320$156,650,971
78$182,175,222$16,025,027$6,661,426$172,383,563
79$200,617,635$16,670,793$6,745,123$189,713,305
80$220,936,780$17,343,808$6,827,231$208,802,864
81$243,323,947$18,045,270$6,907,559$229,831,494
82$267,989,931$18,776,430$6,985,904$252,996,722
83$295,167,024$19,538,595$7,062,051$278,516,214
84$325,111,207$20,333,133$7,135,777$306,629,830
85$358,104,567$21,161,473$7,206,842$337,601,887
86$394,457,958$22,025,110$7,274,997$371,723,652
87$434,513,937$22,925,608$7,339,976$409,316,090
88$478,649,996$23,864,600$7,401,503$450,732,896
89$527,282,125$24,843,795$7,459,283$496,363,830
90$580,868,741$25,864,980$7,513,008$546,638,397
91$639,915,013$26,930,025$7,562,354$602,029,899
92$704,977,631$28,040,883$7,606,980$663,059,905
93$776,670,062$29,199,598$7,646,525$730,303,169
94$855,668,339$30,408,309$7,680,615$804,393,058
95$942,717,445$31,669,251$7,708,851$886,027,531
96$1,038,638,344$32,984,764$7,730,817$975,975,721
97$1,144,335,732$34,357,295$7,746,076$1,075,085,202
98$1,260,806,576$35,789,402$7,754,169$1,184,289,983
99$1,389,149,527$37,283,763$7,754,615$1,304,619,328
100$1,530,575,291$38,843,180$7,746,906$1,437,207,470