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%12.7%
1 years$57,227$56,718$56,220$55,735$55,261$54,638
2 years$28,330$27,803$27,291$26,796$26,315$25,688
3 years$18,699$18,169$17,659$17,168$16,695$16,084
4 years$13,885$13,356$12,851$12,369$11,907$11,316
5 years$10,997$10,472$9,973$9,500$9,052$8,482
6 years$9,072$8,551$8,060$7,598$7,162$6,615
7 years$7,698$7,181$6,698$6,246$5,825$5,300
8 years$6,668$6,155$5,680$5,240$4,832$4,330
9 years$5,867$5,359$4,892$4,463$4,069$3,590
10 years$5,226$4,724$4,265$3,847$3,467$3,010
11 years$4,703$4,206$3,755$3,348$2,982$2,546
12 years$4,267$3,775$3,333$2,937$2,584$2,170
13 years$3,898$3,411$2,977$2,593$2,253$1,860
14 years$3,583$3,101$2,675$2,302$1,975$1,602
15 years$3,309$2,833$2,415$2,053$1,739$1,385
16 years$3,070$2,599$2,190$1,838$1,537$1,202
17 years$2,860$2,393$1,993$1,651$1,363$1,046
18 years$2,673$2,212$1,819$1,488$1,212$913
19 years$2,506$2,050$1,665$1,345$1,080$798
20 years$2,355$1,905$1,528$1,218$965$699
21 years$2,220$1,774$1,406$1,105$863$613
22 years$2,096$1,656$1,296$1,005$774$539
23 years$1,984$1,549$1,196$915$695$474
24 years$1,881$1,451$1,106$835$624$417
25 years$1,787$1,362$1,025$762$562$368
26 years$1,700$1,280$950$697$506$324
27 years$1,619$1,205$882$638$456$286
28 years$1,545$1,135$820$585$412$253
29 years$1,475$1,071$763$536$372$223
30 years$1,411$1,011$711$492$336$198
31 years$1,350$956$663$452$304$175
32 years$1,294$905$619$415$275$155
33 years$1,241$857$578$382$249$137
34 years$1,191$812$540$351$225$121
35 years$1,145$770$505$323$204$107
36 years$1,101$731$472$298$185$95
37 years$1,059$694$442$274$167$84
38 years$1,020$660$414$253$152$75
39 years$983$627$388$233$138$66
40 years$947$597$363$215$125$59
41 years$914$568$341$198$113$52
42 years$882$541$320$183$103$46
43 years$852$516$300$169$93$41
44 years$823$491$281$156$85$36
45 years$796$469$264$144$77$32
46 years$770$447$248$133$70$28
47 years$745$427$233$123$63$25
48 years$721$407$219$114$58$22
49 years$698$389$206$105$52$20
50 years$677$372$194$97$47$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $693,000, adding $4,117 every year, while hoping to spend $42,571 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: 64/8/28 Blend
34$693,000$693,000$693,000$693,000
35$767,933$731,204$720,462$811,124
36$800,967$721,737$699,302$831,397
37$835,943$710,381$676,007$848,483
38$873,016$696,995$650,460$866,229
39$912,351$681,436$622,538$884,706
40$954,133$663,549$592,115$903,992
41$998,562$643,170$559,058$924,177
42$1,045,856$620,126$523,227$945,361
43$1,096,256$594,234$484,478$967,656
44$1,150,023$565,301$442,657$991,186
45$1,207,447$533,122$397,607$1,016,092
46$1,268,841$497,480$349,162$1,042,530
47$1,334,552$458,145$297,148$1,070,675
48$1,404,958$414,877$241,384$1,100,721
49$1,480,476$367,418$181,683$1,132,886
50$1,561,561$315,498$117,846$1,167,411
51$1,648,715$258,831$49,668$1,204,567
52$1,742,486$197,116$0$1,244,654
53$1,843,478$130,034$0$1,294,903
54$1,952,354$57,247$0$1,365,074
55$2,069,842$0$0$1,440,793
56$2,196,741$0$0$1,524,495
57$2,333,932$0$0$1,620,471
58$2,482,379$0$0$1,724,361
59$2,643,145$0$0$1,836,914
60$2,817,397$0$0$1,958,953
61$3,006,420$0$0$2,091,381
62$3,211,624$0$0$2,235,195
63$3,434,564$0$0$2,391,488
64$3,676,948$0$0$2,561,465
65$3,940,654$0$0$2,746,450
66$4,227,751$0$0$2,947,900
67$4,540,515$0$0$3,167,420
68$4,881,448$0$0$3,406,773
69$5,253,308$0$0$3,667,904
70$5,659,126$0$0$3,952,949
71$6,102,243$0$0$4,264,264
72$6,586,332$0$0$4,604,437
73$7,115,442$0$0$4,976,323
74$7,694,025$0$0$5,383,062
75$8,326,987$0$0$5,828,111
76$9,019,729$0$0$6,315,278
77$9,778,198$0$0$6,848,757
78$10,608,941$0$0$7,433,164
79$11,519,172$0$0$8,073,585
80$12,516,831$0$0$8,775,618
81$13,610,668$0$0$9,545,433
82$14,810,314$0$0$10,389,822
83$16,126,383$0$0$11,316,268
84$17,570,561$0$0$12,333,011
85$19,155,723$0$0$13,449,131
86$20,896,049$0$0$14,674,626
87$22,807,162$0$0$16,020,513
88$24,906,270$0$0$17,498,927
89$27,212,329$0$0$19,123,234
90$29,746,223$0$0$20,908,163
91$32,530,958$0$0$22,869,937
92$35,591,881$0$0$25,026,430
93$38,956,916$0$0$27,397,333
94$42,656,826$0$0$30,004,342
95$46,725,505$0$0$32,871,360
96$51,200,296$0$0$36,024,720
97$56,122,343$0$0$39,493,437
98$61,536,977$0$0$43,309,482
99$67,494,144$0$0$47,508,076
100$74,048,874$0$0$52,128,028