Can I retire at age 35 with 398,000?

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 $398,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$32,866$32,574$32,288$32,009$31,737$31,511
2 years$16,271$15,968$15,674$15,389$15,113$14,885
3 years$10,739$10,435$10,142$9,860$9,588$9,365
4 years$7,974$7,671$7,381$7,104$6,838$6,622
5 years$6,316$6,014$5,728$5,456$5,198$4,990
6 years$5,210$4,911$4,629$4,363$4,113$3,912
7 years$4,421$4,124$3,847$3,587$3,345$3,152
8 years$3,829$3,535$3,262$3,009$2,775$2,590
9 years$3,369$3,078$2,810$2,563$2,337$2,160
10 years$3,002$2,713$2,450$2,210$1,991$1,822
11 years$2,701$2,415$2,157$1,923$1,713$1,551
12 years$2,451$2,168$1,914$1,687$1,484$1,330
13 years$2,239$1,959$1,710$1,489$1,294$1,147
14 years$2,058$1,781$1,536$1,322$1,134$995
15 years$1,901$1,627$1,387$1,179$999$866
16 years$1,763$1,493$1,258$1,056$883$757
17 years$1,642$1,375$1,144$948$783$663
18 years$1,535$1,270$1,045$855$696$583
19 years$1,439$1,177$956$772$620$513
20 years$1,353$1,094$878$699$554$453
21 years$1,275$1,019$807$635$496$400
22 years$1,204$951$744$577$444$354
23 years$1,139$890$687$526$399$314
24 years$1,080$833$635$479$359$279
25 years$1,026$782$589$438$323$247
26 years$976$735$546$400$291$220
27 years$930$692$507$366$262$196
28 years$887$652$471$336$236$174
29 years$847$615$438$308$214$155
30 years$810$581$408$283$193$138
31 years$776$549$381$260$174$123
32 years$743$520$355$238$158$110
33 years$713$492$332$219$143$98
34 years$684$466$310$202$129$88
35 years$657$442$290$186$117$78
36 years$632$420$271$171$106$70
37 years$608$399$254$158$96$63
38 years$586$379$238$145$87$56
39 years$564$360$223$134$79$50
40 years$544$343$209$124$72$45
41 years$525$326$196$114$65$40
42 years$507$311$184$105$59$36
43 years$489$296$172$97$54$32
44 years$473$282$162$90$49$29
45 years$457$269$152$83$44$26
46 years$442$257$143$76$40$23
47 years$428$245$134$71$36$20
48 years$414$234$126$65$33$18
49 years$401$223$118$60$30$16
50 years$389$213$111$56$27$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $398,000, adding $3,971 every year, while hoping to spend $34,474 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: 55/15/30 Blend
34$398,000$398,000$398,000$398,000
35$442,692$421,598$415,429$463,157
36$451,167$405,576$392,666$461,712
37$459,350$387,614$367,985$456,278
38$467,177$367,580$341,285$449,678
39$474,572$345,335$312,461$441,814
40$481,453$320,731$281,404$432,577
41$487,729$293,614$247,998$421,853
42$493,295$263,819$212,124$409,515
43$498,038$231,173$173,657$395,427
44$501,828$195,491$132,465$379,444
45$504,524$156,580$88,412$361,406
46$505,968$114,235$41,356$341,141
47$505,984$68,239$0$318,462
48$504,376$18,365$0$296,003
49$500,928$0$0$285,021
50$495,399$0$0$277,957
51$487,522$0$0$272,480
52$477,002$0$0$265,379
53$463,511$0$0$256,455
54$446,686$0$0$245,486
55$426,126$0$0$232,230
56$401,386$0$0$216,414
57$371,974$0$0$197,742
58$337,346$0$0$175,881
59$296,900$0$0$150,466
60$249,971$0$0$121,093
61$195,823$0$0$87,316
62$133,642$0$0$48,640
63$62,532$0$0$4,521
64$0$0$0$0
65$0$0$0$0
66$0$0$0$0
67$0$0$0$0
68$0$0$0$0
69$0$0$0$0
70$0$0$0$0
71$0$0$0$0
72$0$0$0$0
73$0$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0