Can I retire at age 35 with 694,000?

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 $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%15.9%
1 years$57,310$56,799$56,301$55,815$55,341$54,003
2 years$28,371$27,843$27,331$26,834$26,353$25,013
3 years$18,726$18,196$17,685$17,193$16,719$15,419
4 years$13,905$13,376$12,870$12,387$11,924$10,674
5 years$11,013$10,487$9,988$9,514$9,065$7,868
6 years$9,085$8,563$8,072$7,608$7,173$6,031
7 years$7,709$7,191$6,707$6,255$5,833$4,746
8 years$6,677$6,164$5,688$5,247$4,839$3,806
9 years$5,875$5,367$4,899$4,470$4,075$3,096
10 years$5,234$4,731$4,271$3,853$3,472$2,545
11 years$4,710$4,212$3,761$3,353$2,986$2,110
12 years$4,273$3,780$3,337$2,941$2,588$1,761
13 years$3,904$3,416$2,982$2,597$2,257$1,478
14 years$3,588$3,105$2,679$2,305$1,978$1,246
15 years$3,314$2,837$2,419$2,056$1,742$1,054
16 years$3,075$2,603$2,193$1,841$1,539$894
17 years$2,864$2,397$1,996$1,654$1,365$761
18 years$2,676$2,215$1,822$1,490$1,214$649
19 years$2,509$2,053$1,668$1,347$1,082$554
20 years$2,359$1,907$1,531$1,220$966$474
21 years$2,223$1,777$1,408$1,107$865$406
22 years$2,099$1,658$1,297$1,006$775$348
23 years$1,987$1,551$1,198$917$696$298
24 years$1,884$1,453$1,108$836$625$256
25 years$1,789$1,364$1,026$763$563$220
26 years$1,702$1,282$952$698$507$189
27 years$1,621$1,206$884$639$457$163
28 years$1,547$1,137$822$585$412$140
29 years$1,477$1,072$765$537$372$121
30 years$1,413$1,013$712$493$336$104
31 years$1,352$957$664$453$304$89
32 years$1,296$906$619$416$275$77
33 years$1,243$858$578$382$249$66
34 years$1,193$813$540$352$225$57
35 years$1,146$771$505$324$204$49
36 years$1,102$732$473$298$185$43
37 years$1,061$695$442$275$168$37
38 years$1,021$661$414$253$152$32
39 years$984$628$388$234$138$27
40 years$949$598$364$215$125$24
41 years$915$569$341$199$113$20
42 years$884$542$320$183$103$18
43 years$853$516$300$169$93$15
44 years$825$492$282$156$85$13
45 years$797$469$265$144$77$11
46 years$771$448$249$133$70$10
47 years$746$427$234$123$63$8
48 years$722$408$219$114$58$7
49 years$699$389$206$105$52$6
50 years$678$372$194$97$48$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $694,000, adding $5,525 every year, while hoping to spend $56,531 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: 55/32/13 Blend
34$694,000$694,000$694,000$694,000
35$770,487$733,705$722,948$809,980
36$788,928$709,508$687,018$813,221
37$807,356$682,231$647,990$810,134
38$825,708$651,662$605,700$805,463
39$843,917$617,580$559,978$799,069
40$861,904$579,749$510,644$790,802
41$879,580$537,919$457,513$780,499
42$896,847$491,826$400,389$767,985
43$913,593$441,193$339,070$753,074
44$929,692$385,725$273,342$735,561
45$945,006$325,111$202,984$715,227
46$959,377$259,022$127,764$691,837
47$972,631$187,111$47,441$665,136
48$984,571$109,011$0$634,848
49$994,980$24,335$0$605,985
50$1,003,615$0$0$580,286
51$1,010,206$0$0$574,559
52$1,014,453$0$0$575,945
53$1,016,020$0$0$575,669
54$1,014,538$0$0$573,506
55$1,009,593$0$0$569,205
56$1,000,728$0$0$562,486
57$987,436$0$0$553,042
58$969,154$0$0$540,530
59$945,259$0$0$524,571
60$915,060$0$0$504,744
61$877,792$0$0$480,585
62$832,609$0$0$451,579
63$778,574$0$0$417,157
64$714,650$0$0$376,688
65$639,690$0$0$329,477
66$552,427$0$0$274,752
67$451,459$0$0$211,663
68$335,237$0$0$139,269
69$202,049$0$0$56,530
70$50,003$0$0$0
71$0$0$0$0
72$0$0$0$0
73$0$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
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