Can I retire at age 35 with 696,000?

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 $696,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$57,475$56,963$56,464$55,976$55,500$53,425
2 years$28,453$27,923$27,410$26,912$26,429$24,361
3 years$18,780$18,248$17,736$17,243$16,767$14,773
4 years$13,945$13,414$12,907$12,422$11,959$10,053
5 years$11,044$10,517$10,016$9,541$9,091$7,279
6 years$9,111$8,588$8,095$7,630$7,193$5,476
7 years$7,731$7,212$6,727$6,273$5,850$4,227
8 years$6,696$6,182$5,705$5,263$4,853$3,323
9 years$5,892$5,383$4,914$4,483$4,087$2,647
10 years$5,249$4,745$4,284$3,864$3,482$2,130
11 years$4,723$4,224$3,771$3,363$2,995$1,728
12 years$4,285$3,791$3,347$2,950$2,595$1,410
13 years$3,915$3,426$2,990$2,604$2,263$1,156
14 years$3,598$3,114$2,687$2,312$1,984$952
15 years$3,324$2,845$2,426$2,062$1,747$786
16 years$3,084$2,610$2,199$1,846$1,544$651
17 years$2,872$2,404$2,001$1,659$1,369$540
18 years$2,684$2,221$1,827$1,495$1,217$449
19 years$2,516$2,059$1,673$1,351$1,085$374
20 years$2,365$1,913$1,535$1,223$969$311
21 years$2,229$1,782$1,412$1,110$867$260
22 years$2,105$1,663$1,301$1,009$777$217
23 years$1,993$1,556$1,201$919$698$181
24 years$1,889$1,458$1,111$838$627$151
25 years$1,794$1,368$1,029$766$564$127
26 years$1,707$1,286$954$700$508$106
27 years$1,626$1,210$886$641$458$89
28 years$1,551$1,140$824$587$414$74
29 years$1,482$1,075$767$538$373$62
30 years$1,417$1,016$714$494$337$52
31 years$1,356$960$666$454$305$44
32 years$1,300$908$621$417$276$37
33 years$1,246$860$580$384$250$31
34 years$1,197$815$542$353$226$26
35 years$1,150$773$507$325$205$21
36 years$1,105$734$474$299$186$18
37 years$1,064$697$444$276$168$15
38 years$1,024$663$415$254$152$13
39 years$987$630$389$234$138$11
40 years$952$599$365$216$125$9
41 years$918$571$342$199$114$7
42 years$886$543$321$184$103$6
43 years$856$518$301$170$94$5
44 years$827$494$283$157$85$4
45 years$799$471$265$145$77$4
46 years$773$449$249$134$70$3
47 years$748$428$234$124$64$3
48 years$724$409$220$114$58$2
49 years$701$391$207$106$52$2
50 years$680$373$194$98$48$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $696,000, adding $3,138 every year, while hoping to spend $43,616 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: 70/17/13 Blend
34$696,000$696,000$696,000$696,000
35$770,229$733,341$722,553$821,738
36$802,385$722,867$700,351$845,867
37$836,359$710,419$675,944$866,698
38$872,291$695,853$649,211$888,354
39$910,333$679,017$620,028$910,906
40$950,650$659,753$588,262$934,439
41$993,425$637,889$553,778$959,043
42$1,038,856$613,247$516,431$984,819
43$1,087,160$585,637$476,072$1,011,883
44$1,138,575$554,858$432,545$1,040,360
45$1,193,361$520,697$385,686$1,070,392
46$1,251,802$482,930$335,325$1,102,135
47$1,314,211$441,318$281,284$1,135,763
48$1,380,930$395,612$223,376$1,171,472
49$1,452,333$345,545$161,407$1,209,476
50$1,528,831$290,837$95,174$1,250,016
51$1,610,875$231,192$24,466$1,293,358
52$1,698,961$166,296$0$1,339,799
53$1,793,629$95,820$0$1,396,741
54$1,895,478$19,413$0$1,461,557
55$2,005,160$0$0$1,531,288
56$2,123,395$0$0$1,618,260
57$2,250,971$0$0$1,716,051
58$2,388,756$0$0$1,821,698
59$2,537,704$0$0$1,935,935
60$2,698,861$0$0$2,059,569
61$2,873,378$0$0$2,193,489
62$3,062,522$0$0$2,338,669
63$3,267,685$0$0$2,496,183
64$3,490,397$0$0$2,667,211
65$3,732,342$0$0$2,853,051
66$3,995,372$0$0$3,055,131
67$4,281,525$0$0$3,275,022
68$4,593,042$0$0$3,514,452
69$4,932,390$0$0$3,775,323
70$5,302,283$0$0$4,059,729
71$5,705,709$0$0$4,369,973
72$6,145,957$0$0$4,708,590
73$6,626,645$0$0$5,078,373
74$7,151,758$0$0$5,482,392
75$7,725,682$0$0$5,924,031
76$8,353,246$0$0$6,407,014
77$9,039,768$0$0$6,935,442
78$9,791,101$0$0$7,513,828
79$10,613,693$0$0$8,147,146
80$11,514,642$0$0$8,840,870
81$12,501,765$0$0$9,601,029
82$13,583,673$0$0$10,434,264
83$14,769,848$0$0$11,347,887
84$16,070,733$0$0$12,349,954
85$17,497,830$0$0$13,449,336
86$19,063,809$0$0$14,655,805
87$20,782,626$0$0$15,980,125
88$22,669,653$0$0$17,434,152
89$24,741,824$0$0$19,030,948
90$27,017,792$0$0$20,784,901
91$29,518,106$0$0$22,711,859
92$32,265,404$0$0$24,829,285
93$35,284,624$0$0$27,156,414
94$38,603,242$0$0$29,714,438
95$42,251,525$0$0$32,526,705
96$46,262,822$0$0$35,618,936
97$50,673,873$0$0$39,019,473
98$55,525,158$0$0$42,759,537
99$60,861,273$0$0$46,873,531
100$66,731,357$0$0$51,399,356