Can I retire at age 35 with 689,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $689,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$56,897$56,390$55,896$55,413$54,942$53,077
2 years$28,167$27,642$27,134$26,641$26,163$24,303
3 years$18,591$18,065$17,557$17,069$16,599$14,802
4 years$13,805$13,279$12,777$12,297$11,838$10,118
5 years$10,933$10,411$9,916$9,446$8,999$7,361
6 years$9,020$8,501$8,013$7,554$7,121$5,565
7 years$7,653$7,140$6,659$6,210$5,791$4,318
8 years$6,629$6,120$5,647$5,210$4,804$3,412
9 years$5,833$5,328$4,864$4,437$4,046$2,734
10 years$5,196$4,697$4,241$3,825$3,447$2,213
11 years$4,676$4,181$3,733$3,329$2,965$1,805
12 years$4,242$3,753$3,313$2,920$2,569$1,482
13 years$3,876$3,392$2,960$2,578$2,240$1,223
14 years$3,562$3,083$2,660$2,288$1,964$1,013
15 years$3,290$2,816$2,401$2,041$1,729$842
16 years$3,053$2,584$2,177$1,827$1,528$702
17 years$2,843$2,380$1,981$1,642$1,355$586
18 years$2,657$2,199$1,809$1,480$1,205$491
19 years$2,491$2,038$1,656$1,337$1,074$411
20 years$2,342$1,894$1,519$1,211$959$345
21 years$2,207$1,764$1,398$1,099$858$290
22 years$2,084$1,647$1,288$999$769$244
23 years$1,973$1,540$1,189$910$691$205
24 years$1,870$1,443$1,100$830$621$173
25 years$1,776$1,354$1,019$758$559$145
26 years$1,690$1,273$945$693$503$122
27 years$1,610$1,198$877$634$454$103
28 years$1,536$1,129$816$581$409$87
29 years$1,467$1,065$759$533$370$73
30 years$1,403$1,005$707$489$334$62
31 years$1,343$950$659$449$302$52
32 years$1,286$899$615$413$273$44
33 years$1,234$852$574$380$247$37
34 years$1,185$807$537$349$224$31
35 years$1,138$766$502$322$203$27
36 years$1,094$727$469$296$184$22
37 years$1,053$690$439$273$166$19
38 years$1,014$656$411$252$151$16
39 years$977$624$385$232$137$13
40 years$942$593$361$214$124$11
41 years$909$565$339$197$113$10
42 years$877$538$318$182$102$8
43 years$847$513$298$168$93$7
44 years$819$489$280$155$84$6
45 years$791$466$263$143$76$5
46 years$765$444$247$132$69$4
47 years$741$424$232$122$63$3
48 years$717$405$218$113$57$3
49 years$694$387$205$104$52$2
50 years$673$369$193$97$47$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $689,000, adding $3,515 every year, while hoping to spend $20,168 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: 75/14/11 Blend
34$689,000$689,000$689,000$689,000
35$762,904$726,387$715,707$818,267
36$819,261$740,521$718,225$869,392
37$880,691$754,672$720,151$922,520
38$947,690$768,819$721,444$980,179
39$1,020,804$782,940$722,061$1,042,814
40$1,100,633$797,012$721,958$1,110,912
41$1,187,839$811,007$721,085$1,185,011
42$1,283,151$824,899$719,394$1,265,704
43$1,387,371$838,658$716,832$1,353,641
44$1,501,382$852,250$713,345$1,449,544
45$1,626,155$865,643$708,874$1,554,203
46$1,762,761$878,798$703,360$1,668,491
47$1,912,380$891,676$696,740$1,793,370
48$2,076,309$904,235$688,947$1,929,898
49$2,255,978$916,428$679,912$2,079,244
50$2,452,962$928,206$669,563$2,242,692
51$2,668,994$939,519$657,823$2,421,660
52$2,905,986$950,309$644,615$2,617,711
53$3,166,040$960,518$629,853$2,832,563
54$3,451,475$970,082$613,452$3,068,115
55$3,764,842$978,934$595,320$3,326,454
56$4,108,955$987,000$575,362$3,609,885
57$4,486,910$994,205$553,478$3,920,945
58$4,902,121$1,000,467$529,565$4,262,430
59$5,358,345$1,005,698$503,514$4,637,423
60$5,859,725$1,009,805$475,210$5,049,319
61$6,410,823$1,012,692$444,535$5,501,862
62$7,016,665$1,014,252$411,365$5,999,176
63$7,682,789$1,014,374$375,570$6,545,808
64$8,415,296$1,012,941$337,014$7,146,767
65$9,220,907$1,009,827$295,556$7,807,575
66$10,107,030$1,004,898$251,047$8,534,316
67$11,081,823$998,014$203,333$9,333,696
68$12,154,277$989,025$152,253$10,213,107
69$13,334,298$977,772$97,638$11,180,691
70$14,632,800$964,087$39,313$12,245,426
71$16,061,809$947,790$0$13,417,204
72$17,634,576$928,694$0$14,709,619
73$19,365,700$906,597$0$16,137,093
74$21,271,269$881,289$0$17,708,273
75$23,369,010$852,543$0$19,437,775
76$25,678,455$820,123$0$21,341,710
77$28,221,126$783,778$0$23,437,828
78$31,020,739$743,241$0$25,745,690
79$34,103,425$698,231$0$28,286,854
80$37,497,981$648,450$0$31,085,075
81$41,236,135$593,585$0$34,166,532
82$45,352,852$533,302$0$37,560,072
83$49,886,659$467,250$0$41,297,488
84$54,880,011$395,057$0$45,413,814
85$60,379,689$316,332$0$49,947,656
86$66,437,244$230,660$0$54,941,562
87$73,109,484$137,602$0$60,442,416
88$80,459,004$36,698$0$66,501,889
89$88,554,785$0$0$73,176,918
90$97,472,838$0$0$80,541,428
91$107,296,924$0$0$88,660,410
92$118,119,345$0$0$97,604,495
93$130,041,815$0$0$107,457,750
94$143,176,417$0$0$118,312,812
95$157,646,664$0$0$130,271,762
96$173,588,663$0$0$143,447,094
97$191,152,400$0$0$157,962,768
98$210,503,156$0$0$173,955,390
99$231,823,065$0$0$191,575,493
100$255,312,835$0$0$210,988,960