Can I retire at age 35 with 693,000?

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 $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%18.1%
1 years$57,227$56,718$56,220$55,735$55,261$53,449
2 years$28,330$27,803$27,291$26,796$26,315$24,507
3 years$18,699$18,169$17,659$17,168$16,695$14,948
4 years$13,885$13,356$12,851$12,369$11,907$10,233
5 years$10,997$10,472$9,973$9,500$9,052$7,456
6 years$9,072$8,551$8,060$7,598$7,162$5,647
7 years$7,698$7,181$6,698$6,246$5,825$4,389
8 years$6,668$6,155$5,680$5,240$4,832$3,474
9 years$5,867$5,359$4,892$4,463$4,069$2,788
10 years$5,226$4,724$4,265$3,847$3,467$2,261
11 years$4,703$4,206$3,755$3,348$2,982$1,848
12 years$4,267$3,775$3,333$2,937$2,584$1,521
13 years$3,898$3,411$2,977$2,593$2,253$1,257
14 years$3,583$3,101$2,675$2,302$1,975$1,044
15 years$3,309$2,833$2,415$2,053$1,739$869
16 years$3,070$2,599$2,190$1,838$1,537$726
17 years$2,860$2,393$1,993$1,651$1,363$608
18 years$2,673$2,212$1,819$1,488$1,212$510
19 years$2,506$2,050$1,665$1,345$1,080$428
20 years$2,355$1,905$1,528$1,218$965$360
21 years$2,220$1,774$1,406$1,105$863$303
22 years$2,096$1,656$1,296$1,005$774$256
23 years$1,984$1,549$1,196$915$695$215
24 years$1,881$1,451$1,106$835$624$182
25 years$1,787$1,362$1,025$762$562$154
26 years$1,700$1,280$950$697$506$130
27 years$1,619$1,205$882$638$456$110
28 years$1,545$1,135$820$585$412$93
29 years$1,475$1,071$763$536$372$78
30 years$1,411$1,011$711$492$336$66
31 years$1,350$956$663$452$304$56
32 years$1,294$905$619$415$275$47
33 years$1,241$857$578$382$249$40
34 years$1,191$812$540$351$225$34
35 years$1,145$770$505$323$204$29
36 years$1,101$731$472$298$185$24
37 years$1,059$694$442$274$167$21
38 years$1,020$660$414$253$152$17
39 years$983$627$388$233$138$15
40 years$947$597$363$215$125$12
41 years$914$568$341$198$113$11
42 years$882$541$320$183$103$9
43 years$852$516$300$169$93$8
44 years$823$491$281$156$85$6
45 years$796$469$264$144$77$5
46 years$770$447$248$133$70$5
47 years$745$427$233$123$63$4
48 years$721$407$219$114$58$3
49 years$698$389$206$105$52$3
50 years$677$372$194$97$47$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $693,000, adding $6,201 every year, while hoping to spend $41,144 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: 34/49/17 Blend
34$693,000$693,000$693,000$693,000
35$770,082$733,353$722,612$792,033
36$804,854$725,511$703,042$800,822
37$841,793$715,905$681,438$806,018
38$881,078$704,406$657,688$810,745
39$922,902$690,876$631,675$814,986
40$967,479$675,170$603,278$818,723
41$1,015,042$657,134$572,367$821,943
42$1,065,846$636,603$538,811$824,633
43$1,120,171$613,405$502,470$826,786
44$1,178,324$587,357$463,198$828,396
45$1,240,641$558,266$420,844$829,464
46$1,307,491$525,926$375,247$829,995
47$1,379,280$490,121$326,242$830,000
48$1,456,452$450,622$273,657$829,497
49$1,539,494$407,187$217,308$828,514
50$1,628,943$359,560$157,009$827,087
51$1,725,387$307,470$92,561$825,261
52$1,829,473$250,632$23,757$823,098
53$1,941,910$188,744$0$820,669
54$2,063,480$121,487$0$827,075
55$2,195,040$48,525$0$838,596
56$2,337,533$0$0$851,090
57$2,491,996$0$0$881,196
58$2,659,569$0$0$942,328
59$2,841,507$0$0$1,008,791
60$3,039,189$0$0$1,081,098
61$3,254,131$0$0$1,159,818
62$3,488,003$0$0$1,245,573
63$3,742,641$0$0$1,339,049
64$4,020,066$0$0$1,441,003
65$4,322,503$0$0$1,552,265
66$4,652,399$0$0$1,673,750
67$5,012,447$0$0$1,806,467
68$5,405,614$0$0$1,951,523
69$5,835,163$0$0$2,110,141
70$6,304,690$0$0$2,283,663
71$6,818,149$0$0$2,473,571
72$7,379,898$0$0$2,681,494
73$7,994,735$0$0$2,909,227
74$8,667,940$0$0$3,158,747
75$9,405,331$0$0$3,432,231
76$10,213,314$0$0$3,732,075
77$11,098,943$0$0$4,060,921
78$12,069,988$0$0$4,421,677
79$13,135,006$0$0$4,817,546
80$14,303,424$0$0$5,252,057
81$15,585,623$0$0$5,729,096
82$16,993,039$0$0$6,252,945
83$18,538,268$0$0$6,828,320
84$20,235,186$0$0$7,460,417
85$22,099,079$0$0$8,154,959
86$24,146,787$0$0$8,918,253
87$26,396,859$0$0$9,757,244
88$28,869,732$0$0$10,679,587
89$31,587,921$0$0$11,693,712
90$34,576,229$0$0$12,808,910
91$37,861,985$0$0$14,035,414
92$41,475,295$0$0$15,384,502
93$45,449,332$0$0$16,868,597
94$49,820,643$0$0$18,501,388
95$54,629,495$0$0$20,297,958
96$59,920,255$0$0$22,274,926
97$65,741,807$0$0$24,450,601
98$72,148,012$0$0$26,845,160
99$79,198,218$0$0$29,480,832
100$86,957,814$0$0$32,382,113