Can I retire at age 35 with 693,000?

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 $693,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$57,227$56,718$56,220$55,735$55,261$53,089
2 years$28,330$27,803$27,291$26,796$26,315$24,153
3 years$18,699$18,169$17,659$17,168$16,695$14,612
4 years$13,885$13,356$12,851$12,369$11,907$9,918
5 years$10,997$10,472$9,973$9,500$9,052$7,162
6 years$9,072$8,551$8,060$7,598$7,162$5,373
7 years$7,698$7,181$6,698$6,246$5,825$4,136
8 years$6,668$6,155$5,680$5,240$4,832$3,242
9 years$5,867$5,359$4,892$4,463$4,069$2,575
10 years$5,226$4,724$4,265$3,847$3,467$2,065
11 years$4,703$4,206$3,755$3,348$2,982$1,670
12 years$4,267$3,775$3,333$2,937$2,584$1,358
13 years$3,898$3,411$2,977$2,593$2,253$1,110
14 years$3,583$3,101$2,675$2,302$1,975$911
15 years$3,309$2,833$2,415$2,053$1,739$749
16 years$3,070$2,599$2,190$1,838$1,537$618
17 years$2,860$2,393$1,993$1,651$1,363$511
18 years$2,673$2,212$1,819$1,488$1,212$423
19 years$2,506$2,050$1,665$1,345$1,080$351
20 years$2,355$1,905$1,528$1,218$965$291
21 years$2,220$1,774$1,406$1,105$863$242
22 years$2,096$1,656$1,296$1,005$774$201
23 years$1,984$1,549$1,196$915$695$168
24 years$1,881$1,451$1,106$835$624$139
25 years$1,787$1,362$1,025$762$562$116
26 years$1,700$1,280$950$697$506$97
27 years$1,619$1,205$882$638$456$81
28 years$1,545$1,135$820$585$412$67
29 years$1,475$1,071$763$536$372$56
30 years$1,411$1,011$711$492$336$47
31 years$1,350$956$663$452$304$39
32 years$1,294$905$619$415$275$33
33 years$1,241$857$578$382$249$27
34 years$1,191$812$540$351$225$23
35 years$1,145$770$505$323$204$19
36 years$1,101$731$472$298$185$16
37 years$1,059$694$442$274$167$13
38 years$1,020$660$414$253$152$11
39 years$983$627$388$233$138$9
40 years$947$597$363$215$125$8
41 years$914$568$341$198$113$6
42 years$882$541$320$183$103$5
43 years$852$516$300$169$93$4
44 years$823$491$281$156$85$4
45 years$796$469$264$144$77$3
46 years$770$447$248$133$70$3
47 years$745$427$233$123$63$2
48 years$721$407$219$114$58$2
49 years$698$389$206$105$52$2
50 years$677$372$194$97$47$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $693,000, adding $2,957 every year, while hoping to spend $53,744 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: 63/16/21 Blend
34$693,000$693,000$693,000$693,000
35$766,736$730,007$719,266$810,703
36$787,760$708,594$686,178$819,291
37$809,127$684,331$650,180$822,382
38$830,816$657,021$611,119$824,525
39$852,800$626,456$568,832$825,632
40$875,049$592,416$523,152$825,608
41$897,529$554,669$473,903$824,352
42$920,199$512,970$420,900$821,755
43$943,011$467,057$363,952$817,698
44$965,912$416,657$302,858$812,056
45$988,840$361,478$237,409$804,691
46$1,011,726$301,214$167,386$795,456
47$1,034,490$235,542$92,562$784,192
48$1,057,042$164,117$12,697$770,728
49$1,079,281$86,580$0$754,879
50$1,101,092$2,547$0$752,699
51$1,122,348$0$0$751,810
52$1,142,904$0$0$764,756
53$1,162,597$0$0$777,524
54$1,181,248$0$0$789,539
55$1,198,653$0$0$800,660
56$1,214,586$0$0$810,729
57$1,228,795$0$0$819,570
58$1,240,999$0$0$826,986
59$1,250,883$0$0$832,759
60$1,258,100$0$0$836,646
61$1,262,261$0$0$838,375
62$1,262,936$0$0$837,648
63$1,259,645$0$0$834,129
64$1,251,856$0$0$827,450
65$1,238,981$0$0$817,199
66$1,220,365$0$0$802,920
67$1,195,282$0$0$784,110
68$1,162,930$0$0$760,209
69$1,122,418$0$0$730,598
70$1,072,762$0$0$694,591
71$1,012,870$0$0$651,429
72$941,536$0$0$600,274
73$857,425$0$0$540,197
74$759,059$0$0$470,171
75$644,807$0$0$389,060
76$512,863$0$0$295,611
77$361,233$0$0$188,436
78$187,712$0$0$66,004
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