Can I retire at age 35 with 304,000?

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 $304,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$25,104$24,880$24,662$24,449$24,241$23,859
2 years$12,428$12,196$11,972$11,754$11,544$11,160
3 years$8,203$7,970$7,747$7,531$7,324$6,950
4 years$6,091$5,859$5,638$5,426$5,223$4,863
5 years$4,824$4,594$4,375$4,168$3,971$3,624
6 years$3,980$3,751$3,536$3,333$3,142$2,809
7 years$3,377$3,150$2,938$2,740$2,555$2,237
8 years$2,925$2,700$2,492$2,299$2,120$1,816
9 years$2,574$2,351$2,146$1,958$1,785$1,496
10 years$2,293$2,072$1,871$1,688$1,521$1,246
11 years$2,063$1,845$1,647$1,469$1,308$1,047
12 years$1,872$1,656$1,462$1,288$1,134$886
13 years$1,710$1,496$1,306$1,137$989$754
14 years$1,572$1,360$1,174$1,010$867$644
15 years$1,452$1,243$1,060$900$763$553
16 years$1,347$1,140$961$806$674$476
17 years$1,254$1,050$874$724$598$411
18 years$1,172$970$798$653$532$356
19 years$1,099$899$731$590$474$309
20 years$1,033$836$670$534$423$268
21 years$974$778$617$485$379$234
22 years$920$726$568$441$340$203
23 years$870$679$525$402$305$177
24 years$825$637$485$366$274$155
25 years$784$597$450$334$246$135
26 years$746$561$417$306$222$118
27 years$710$528$387$280$200$104
28 years$678$498$360$256$181$91
29 years$647$470$335$235$163$79
30 years$619$444$312$216$147$70
31 years$592$419$291$198$133$61
32 years$568$397$271$182$121$53
33 years$544$376$253$168$109$47
34 years$523$356$237$154$99$41
35 years$502$338$221$142$89$36
36 years$483$321$207$131$81$32
37 years$465$305$194$120$73$28
38 years$447$289$181$111$67$24
39 years$431$275$170$102$60$21
40 years$416$262$159$94$55$19
41 years$401$249$149$87$50$17
42 years$387$237$140$80$45$15
43 years$374$226$132$74$41$13
44 years$361$216$123$68$37$11
45 years$349$206$116$63$34$10
46 years$338$196$109$58$31$9
47 years$327$187$102$54$28$8
48 years$316$179$96$50$25$7
49 years$306$171$90$46$23$6
50 years$297$163$85$43$21$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $304,000, adding $5,242 every year, while hoping to spend $20,134 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: 57/15/28 Blend
34$304,000$304,000$304,000$304,000
35$340,415$324,303$319,591$356,936
36$353,715$318,772$308,875$363,327
37$367,697$312,294$297,125$367,741
38$382,409$304,803$284,285$372,140
39$397,903$296,227$270,298$376,529
40$414,237$286,491$255,101$380,915
41$431,474$275,513$238,631$385,306
42$449,680$263,209$220,821$389,711
43$468,931$249,490$201,602$394,144
44$489,307$234,260$180,901$398,618
45$510,896$217,419$158,641$403,153
46$533,795$198,860$134,744$407,768
47$558,110$178,472$109,125$412,489
48$583,956$156,136$81,700$417,344
49$611,460$131,726$52,376$422,366
50$640,758$105,110$21,061$427,595
51$672,003$76,149$0$433,076
52$705,361$44,694$0$442,550
53$741,013$10,589$0$459,341
54$779,158$0$0$477,247
55$820,015$0$0$500,724
56$863,823$0$0$527,789
57$910,844$0$0$556,858
58$961,367$0$0$588,113
59$1,015,708$0$0$621,750
60$1,074,215$0$0$657,989
61$1,137,270$0$0$697,067
62$1,205,290$0$0$739,249
63$1,278,738$0$0$784,822
64$1,358,118$0$0$834,104
65$1,443,986$0$0$887,443
66$1,536,954$0$0$945,224
67$1,637,695$0$0$1,007,866
68$1,746,945$0$0$1,075,835
69$1,865,519$0$0$1,149,639
70$1,994,309$0$0$1,229,839
71$2,134,299$0$0$1,317,052
72$2,286,570$0$0$1,411,956
73$2,452,312$0$0$1,515,299
74$2,632,833$0$0$1,627,901
75$2,829,575$0$0$1,750,667
76$3,044,122$0$0$1,884,592
77$3,278,220$0$0$2,030,770
78$3,533,790$0$0$2,190,409
79$3,812,945$0$0$2,364,834
80$4,118,013$0$0$2,555,507
81$4,451,557$0$0$2,764,037
82$4,816,397$0$0$2,992,195
83$5,215,641$0$0$3,241,931
84$5,652,709$0$0$3,515,393
85$6,131,368$0$0$3,814,946
86$6,655,766$0$0$4,143,194
87$7,230,470$0$0$4,503,006
88$7,860,513$0$0$4,897,540
89$8,551,434$0$0$5,330,277
90$9,309,338$0$0$5,805,048
91$10,140,947$0$0$6,326,076
92$11,053,664$0$0$6,898,008
93$12,055,646$0$0$7,525,968
94$13,155,877$0$0$8,215,598
95$14,364,255$0$0$8,973,111
96$15,691,681$0$0$9,805,357
97$17,150,166$0$0$10,719,876
98$18,752,941$0$0$11,724,979
99$20,514,583$0$0$12,829,821
100$22,451,151$0$0$14,044,486