Can I retire at age 35 with 689,000?

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 $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%12.1%
1 years$56,897$56,390$55,896$55,413$54,942$54,459
2 years$28,167$27,642$27,134$26,641$26,163$25,676
3 years$18,591$18,065$17,557$17,069$16,599$16,123
4 years$13,805$13,279$12,777$12,297$11,838$11,378
5 years$10,933$10,411$9,916$9,446$8,999$8,555
6 years$9,020$8,501$8,013$7,554$7,121$6,694
7 years$7,653$7,140$6,659$6,210$5,791$5,381
8 years$6,629$6,120$5,647$5,210$4,804$4,412
9 years$5,833$5,328$4,864$4,437$4,046$3,670
10 years$5,196$4,697$4,241$3,825$3,447$3,088
11 years$4,676$4,181$3,733$3,329$2,965$2,622
12 years$4,242$3,753$3,313$2,920$2,569$2,243
13 years$3,876$3,392$2,960$2,578$2,240$1,930
14 years$3,562$3,083$2,660$2,288$1,964$1,669
15 years$3,290$2,816$2,401$2,041$1,729$1,449
16 years$3,053$2,584$2,177$1,827$1,528$1,263
17 years$2,843$2,380$1,981$1,642$1,355$1,104
18 years$2,657$2,199$1,809$1,480$1,205$967
19 years$2,491$2,038$1,656$1,337$1,074$849
20 years$2,342$1,894$1,519$1,211$959$747
21 years$2,207$1,764$1,398$1,099$858$658
22 years$2,084$1,647$1,288$999$769$581
23 years$1,973$1,540$1,189$910$691$513
24 years$1,870$1,443$1,100$830$621$454
25 years$1,776$1,354$1,019$758$559$402
26 years$1,690$1,273$945$693$503$356
27 years$1,610$1,198$877$634$454$316
28 years$1,536$1,129$816$581$409$281
29 years$1,467$1,065$759$533$370$249
30 years$1,403$1,005$707$489$334$221
31 years$1,343$950$659$449$302$197
32 years$1,286$899$615$413$273$175
33 years$1,234$852$574$380$247$156
34 years$1,185$807$537$349$224$138
35 years$1,138$766$502$322$203$123
36 years$1,094$727$469$296$184$110
37 years$1,053$690$439$273$166$98
38 years$1,014$656$411$252$151$87
39 years$977$624$385$232$137$78
40 years$942$593$361$214$124$69
41 years$909$565$339$197$113$62
42 years$877$538$318$182$102$55
43 years$847$513$298$168$93$49
44 years$819$489$280$155$84$44
45 years$791$466$263$143$76$39
46 years$765$444$247$132$69$35
47 years$741$424$232$122$63$31
48 years$717$405$218$113$57$28
49 years$694$387$205$104$52$25
50 years$673$369$193$97$47$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $689,000, adding $6,651 every year, while hoping to spend $29,815 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: 44/32/24 Blend
34$689,000$689,000$689,000$689,000
35$766,139$729,622$718,942$794,260
36$812,562$733,650$711,304$818,875
37$862,721$736,877$702,410$842,141
38$916,965$739,231$692,188$866,769
39$975,680$740,637$680,560$892,899
40$1,039,286$741,015$667,446$920,690
41$1,108,249$740,281$652,761$950,317
42$1,183,080$738,343$636,418$981,977
43$1,264,339$735,108$618,323$1,015,886
44$1,352,645$730,472$598,381$1,052,287
45$1,448,678$724,328$576,489$1,091,447
46$1,553,186$716,562$552,544$1,133,665
47$1,666,990$707,053$526,434$1,179,271
48$1,790,997$695,673$498,043$1,228,634
49$1,926,203$682,285$467,252$1,282,160
50$2,073,704$666,745$433,933$1,340,303
51$2,234,708$648,902$397,956$1,403,563
52$2,410,543$628,593$359,182$1,472,496
53$2,602,671$605,647$317,468$1,547,719
54$2,812,704$579,884$272,664$1,629,914
55$3,042,414$551,113$224,612$1,719,839
56$3,293,753$519,130$173,150$1,818,331
57$3,568,871$483,722$118,105$1,926,319
58$3,870,134$444,663$59,299$2,044,829
59$4,200,149$401,712$0$2,174,999
60$4,561,786$354,618$0$2,318,974
61$4,958,206$303,112$0$2,493,524
62$5,392,891$246,913$0$2,685,040
63$5,869,677$185,723$0$2,895,281
64$6,392,785$119,225$0$3,126,190
65$6,966,870$47,087$0$3,379,909
66$7,597,055$0$0$3,658,806
67$8,288,985$0$0$3,976,424
68$9,048,878$0$0$4,343,534
69$9,883,584$0$0$4,746,878
70$10,800,650$0$0$5,190,112
71$11,808,388$0$0$5,677,267
72$12,915,956$0$0$6,212,781
73$14,133,445$0$0$6,801,544
74$15,471,969$0$0$7,448,946
75$16,943,776$0$0$8,160,923
76$18,562,357$0$0$8,944,016
77$20,342,579$0$0$9,805,430
78$22,300,819$0$0$10,753,105
79$24,455,124$0$0$11,795,791
80$26,825,376$0$0$12,943,125
81$29,433,482$0$0$14,205,729
82$32,303,580$0$0$15,595,304
83$35,462,267$0$0$17,124,744
84$38,938,847$0$0$18,808,257
85$42,765,610$0$0$20,661,497
86$46,978,136$0$0$22,701,714
87$51,615,628$0$0$24,947,914
88$56,721,284$0$0$27,421,041
89$62,342,704$0$0$30,144,173
90$68,532,339$0$0$33,142,739
91$75,347,982$0$0$36,444,761
92$82,853,320$0$0$40,081,115
93$91,118,527$0$0$44,085,826
94$100,220,931$0$0$48,496,384
95$110,245,743$0$0$53,354,104
96$121,286,857$0$0$58,704,512
97$133,447,740$0$0$64,597,771
98$146,842,407$0$0$71,089,163
99$161,596,493$0$0$78,239,604
100$177,848,446$0$0$86,116,219