Can I retire at age 35 with 694,000?

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 $694,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$57,310$56,799$56,301$55,815$55,341$53,591
2 years$28,371$27,843$27,331$26,834$26,353$24,605
3 years$18,726$18,196$17,685$17,193$16,719$15,030
4 years$13,905$13,376$12,870$12,387$11,924$10,305
5 years$11,013$10,487$9,988$9,514$9,065$7,520
6 years$9,085$8,563$8,072$7,608$7,173$5,704
7 years$7,709$7,191$6,707$6,255$5,833$4,441
8 years$6,677$6,164$5,688$5,247$4,839$3,522
9 years$5,875$5,367$4,899$4,470$4,075$2,832
10 years$5,234$4,731$4,271$3,853$3,472$2,301
11 years$4,710$4,212$3,761$3,353$2,986$1,885
12 years$4,273$3,780$3,337$2,941$2,588$1,553
13 years$3,904$3,416$2,982$2,597$2,257$1,287
14 years$3,588$3,105$2,679$2,305$1,978$1,071
15 years$3,314$2,837$2,419$2,056$1,742$894
16 years$3,075$2,603$2,193$1,841$1,539$748
17 years$2,864$2,397$1,996$1,654$1,365$628
18 years$2,676$2,215$1,822$1,490$1,214$528
19 years$2,509$2,053$1,668$1,347$1,082$444
20 years$2,359$1,907$1,531$1,220$966$374
21 years$2,223$1,777$1,408$1,107$865$316
22 years$2,099$1,658$1,297$1,006$775$267
23 years$1,987$1,551$1,198$917$696$226
24 years$1,884$1,453$1,108$836$625$191
25 years$1,789$1,364$1,026$763$563$161
26 years$1,702$1,282$952$698$507$137
27 years$1,621$1,206$884$639$457$116
28 years$1,547$1,137$822$585$412$98
29 years$1,477$1,072$765$537$372$83
30 years$1,413$1,013$712$493$336$71
31 years$1,352$957$664$453$304$60
32 years$1,296$906$619$416$275$51
33 years$1,243$858$578$382$249$43
34 years$1,193$813$540$352$225$36
35 years$1,146$771$505$324$204$31
36 years$1,102$732$473$298$185$26
37 years$1,061$695$442$275$168$22
38 years$1,021$661$414$253$152$19
39 years$984$628$388$234$138$16
40 years$949$598$364$215$125$14
41 years$915$569$341$199$113$12
42 years$884$542$320$183$103$10
43 years$853$516$300$169$93$8
44 years$825$492$282$156$85$7
45 years$797$469$265$144$77$6
46 years$771$448$249$133$70$5
47 years$746$427$234$123$63$4
48 years$722$408$219$114$58$4
49 years$699$389$206$105$52$3
50 years$678$372$194$97$48$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $694,000, adding $5,078 every year, while hoping to spend $45,699 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: 68/22/10 Blend
34$694,000$694,000$694,000$694,000
35$770,026$733,244$722,487$820,476
36$799,945$720,550$698,067$841,940
37$831,385$705,701$671,297$859,434
38$864,451$688,546$642,051$877,363
39$899,260$668,920$610,195$895,762
40$935,939$646,652$575,591$914,673
41$974,626$621,558$538,094$934,141
42$1,015,470$593,446$497,552$954,220
43$1,058,635$562,112$453,807$974,968
44$1,104,299$527,340$406,693$996,452
45$1,152,659$488,901$356,039$1,018,748
46$1,203,927$446,553$301,662$1,041,942
47$1,258,335$400,042$243,376$1,066,131
48$1,316,138$349,098$180,982$1,091,421
49$1,377,616$293,435$114,277$1,117,935
50$1,443,072$232,752$43,044$1,145,810
51$1,512,839$166,731$0$1,175,200
52$1,587,285$95,037$0$1,209,794
53$1,666,808$17,314$0$1,251,399
54$1,751,847$0$0$1,295,657
55$1,842,884$0$0$1,359,014
56$1,940,445$0$0$1,431,431
57$2,045,110$0$0$1,509,149
58$2,157,512$0$0$1,592,642
59$2,278,350$0$0$1,682,434
60$2,408,387$0$0$1,779,095
61$2,548,464$0$0$1,883,255
62$2,699,503$0$0$1,995,604
63$2,862,518$0$0$2,116,901
64$3,038,621$0$0$2,247,978
65$3,229,037$0$0$2,389,754
66$3,435,110$0$0$2,543,233
67$3,658,320$0$0$2,709,524
68$3,900,290$0$0$2,889,843
69$4,162,810$0$0$3,085,529
70$4,447,844$0$0$3,298,054
71$4,757,556$0$0$3,529,038
72$5,094,323$0$0$3,780,261
73$5,460,762$0$0$4,053,683
74$5,859,753$0$0$4,351,461
75$6,294,463$0$0$4,675,969
76$6,768,380$0$0$5,029,816
77$7,285,341$0$0$5,415,879
78$7,849,570$0$0$5,837,320
79$8,465,715$0$0$6,297,622
80$9,138,895$0$0$6,800,620
81$9,874,744$0$0$7,350,533
82$10,679,466$0$0$7,952,009
83$11,559,890$0$0$8,610,165
84$12,523,538$0$0$9,330,635
85$13,578,691$0$0$10,119,624
86$14,734,469$0$0$10,983,963
87$16,000,915$0$0$11,931,177
88$17,389,089$0$0$12,969,552
89$18,911,174$0$0$14,108,216
90$20,580,586$0$0$15,357,220
91$22,412,103$0$0$16,727,637
92$24,422,002$0$0$18,231,661
93$26,628,213$0$0$19,882,727
94$29,050,484$0$0$21,695,632
95$31,710,573$0$0$23,686,676
96$34,632,444$0$0$25,873,816
97$37,842,499$0$0$28,276,835
98$41,369,822$0$0$30,917,524
99$45,246,455$0$0$33,819,892
100$49,507,697$0$0$37,010,387