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%11.6%
1 years$57,310$56,799$56,301$55,815$55,341$54,969
2 years$28,371$27,843$27,331$26,834$26,353$25,978
3 years$18,726$18,196$17,685$17,193$16,719$16,353
4 years$13,905$13,376$12,870$12,387$11,924$11,569
5 years$11,013$10,487$9,988$9,514$9,065$8,722
6 years$9,085$8,563$8,072$7,608$7,173$6,842
7 years$7,709$7,191$6,707$6,255$5,833$5,516
8 years$6,677$6,164$5,688$5,247$4,839$4,535
9 years$5,875$5,367$4,899$4,470$4,075$3,784
10 years$5,234$4,731$4,271$3,853$3,472$3,193
11 years$4,710$4,212$3,761$3,353$2,986$2,720
12 years$4,273$3,780$3,337$2,941$2,588$2,334
13 years$3,904$3,416$2,982$2,597$2,257$2,015
14 years$3,588$3,105$2,679$2,305$1,978$1,748
15 years$3,314$2,837$2,419$2,056$1,742$1,523
16 years$3,075$2,603$2,193$1,841$1,539$1,331
17 years$2,864$2,397$1,996$1,654$1,365$1,168
18 years$2,676$2,215$1,822$1,490$1,214$1,027
19 years$2,509$2,053$1,668$1,347$1,082$905
20 years$2,359$1,907$1,531$1,220$966$799
21 years$2,223$1,777$1,408$1,107$865$707
22 years$2,099$1,658$1,297$1,006$775$626
23 years$1,987$1,551$1,198$917$696$555
24 years$1,884$1,453$1,108$836$625$493
25 years$1,789$1,364$1,026$763$563$438
26 years$1,702$1,282$952$698$507$390
27 years$1,621$1,206$884$639$457$347
28 years$1,547$1,137$822$585$412$309
29 years$1,477$1,072$765$537$372$276
30 years$1,413$1,013$712$493$336$246
31 years$1,352$957$664$453$304$220
32 years$1,296$906$619$416$275$196
33 years$1,243$858$578$382$249$175
34 years$1,193$813$540$352$225$157
35 years$1,146$771$505$324$204$140
36 years$1,102$732$473$298$185$125
37 years$1,061$695$442$275$168$112
38 years$1,021$661$414$253$152$100
39 years$984$628$388$234$138$89
40 years$949$598$364$215$125$80
41 years$915$569$341$199$113$72
42 years$884$542$320$183$103$64
43 years$853$516$300$169$93$57
44 years$825$492$282$156$85$51
45 years$797$469$265$144$77$46
46 years$771$448$249$133$70$41
47 years$746$427$234$123$63$37
48 years$722$408$219$114$58$33
49 years$699$389$206$105$52$30
50 years$678$372$194$97$48$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $694,000, adding $3,754 every year, while hoping to spend $40,521 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: 57/36/7 Blend
34$694,000$694,000$694,000$694,000
35$768,660$731,878$721,121$811,080
36$803,950$724,626$702,165$832,807
37$841,480$715,661$681,215$851,586
38$881,438$704,855$658,163$871,047
39$924,027$692,075$632,893$891,257
40$969,469$677,178$605,287$912,295
41$1,018,009$660,014$575,218$934,247
42$1,069,914$640,423$542,556$957,214
43$1,125,478$618,236$507,164$981,304
44$1,185,021$593,274$468,899$1,006,643
45$1,248,898$565,349$427,611$1,033,369
46$1,317,494$534,260$383,145$1,061,641
47$1,391,236$499,796$335,337$1,091,632
48$1,470,589$461,733$284,018$1,123,539
49$1,556,065$419,834$229,009$1,157,582
50$1,648,228$373,850$170,125$1,194,006
51$1,747,694$323,516$107,171$1,233,086
52$1,855,144$268,553$39,946$1,275,129
53$1,971,323$208,666$0$1,320,476
54$2,097,051$143,544$0$1,371,885
55$2,233,230$72,858$0$1,430,744
56$2,380,851$0$0$1,494,559
57$2,541,004$0$0$1,565,356
58$2,714,888$0$0$1,673,611
59$2,903,821$0$0$1,791,288
60$3,109,254$0$0$1,919,298
61$3,332,782$0$0$2,058,642
62$3,576,161$0$0$2,210,421
63$3,841,323$0$0$2,375,849
64$4,130,394$0$0$2,556,259
65$4,445,713$0$0$2,753,120
66$4,789,857$0$0$2,968,049
67$5,165,660$0$0$3,202,826
68$5,576,243$0$0$3,459,408
69$6,025,041$0$0$3,739,954
70$6,515,837$0$0$4,046,837
71$7,052,797$0$0$4,382,673
72$7,640,504$0$0$4,750,341
73$8,284,011$0$0$5,153,011
74$8,988,876$0$0$5,594,174
75$9,761,225$0$0$6,077,676
76$10,607,800$0$0$6,607,751
77$11,536,031$0$0$7,189,064
78$12,554,098$0$0$7,826,751
79$13,671,011$0$0$8,526,471
80$14,896,696$0$0$9,294,456
81$16,242,085$0$0$10,137,572
82$17,719,220$0$0$11,063,381
83$19,341,367$0$0$12,080,213
84$21,123,139$0$0$13,197,246
85$23,080,634$0$0$14,424,588
86$25,231,585$0$0$15,773,379
87$27,595,530$0$0$17,255,886
88$30,193,993$0$0$18,885,629
89$33,050,687$0$0$20,677,499
90$36,191,735$0$0$22,647,904
91$39,645,922$0$0$24,814,921
92$43,444,958$0$0$27,198,467
93$47,623,784$0$0$29,820,487
94$52,220,894$0$0$32,705,157
95$57,278,703$0$0$35,879,118
96$62,843,944$0$0$39,371,720
97$68,968,108$0$0$43,215,306
98$75,707,931$0$0$47,445,509
99$83,125,925$0$0$52,101,593
100$91,290,972$0$0$57,226,822