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%18.4%
1 years$57,475$56,963$56,464$55,976$55,500$53,616
2 years$28,453$27,923$27,410$26,912$26,429$24,550
3 years$18,780$18,248$17,736$17,243$16,767$14,952
4 years$13,945$13,414$12,907$12,422$11,959$10,221
5 years$11,044$10,517$10,016$9,541$9,091$7,435
6 years$9,111$8,588$8,095$7,630$7,193$5,622
7 years$7,731$7,212$6,727$6,273$5,850$4,362
8 years$6,696$6,182$5,705$5,263$4,853$3,447
9 years$5,892$5,383$4,914$4,483$4,087$2,761
10 years$5,249$4,745$4,284$3,864$3,482$2,235
11 years$4,723$4,224$3,771$3,363$2,995$1,823
12 years$4,285$3,791$3,347$2,950$2,595$1,497
13 years$3,915$3,426$2,990$2,604$2,263$1,235
14 years$3,598$3,114$2,687$2,312$1,984$1,023
15 years$3,324$2,845$2,426$2,062$1,747$851
16 years$3,084$2,610$2,199$1,846$1,544$709
17 years$2,872$2,404$2,001$1,659$1,369$592
18 years$2,684$2,221$1,827$1,495$1,217$496
19 years$2,516$2,059$1,673$1,351$1,085$415
20 years$2,365$1,913$1,535$1,223$969$348
21 years$2,229$1,782$1,412$1,110$867$293
22 years$2,105$1,663$1,301$1,009$777$246
23 years$1,993$1,556$1,201$919$698$207
24 years$1,889$1,458$1,111$838$627$174
25 years$1,794$1,368$1,029$766$564$147
26 years$1,707$1,286$954$700$508$124
27 years$1,626$1,210$886$641$458$104
28 years$1,551$1,140$824$587$414$88
29 years$1,482$1,075$767$538$373$74
30 years$1,417$1,016$714$494$337$63
31 years$1,356$960$666$454$305$53
32 years$1,300$908$621$417$276$45
33 years$1,246$860$580$384$250$38
34 years$1,197$815$542$353$226$32
35 years$1,150$773$507$325$205$27
36 years$1,105$734$474$299$186$23
37 years$1,064$697$444$276$168$19
38 years$1,024$663$415$254$152$16
39 years$987$630$389$234$138$14
40 years$952$599$365$216$125$11
41 years$918$571$342$199$114$10
42 years$886$543$321$184$103$8
43 years$856$518$301$170$94$7
44 years$827$494$283$157$85$6
45 years$799$471$265$145$77$5
46 years$773$449$249$134$70$4
47 years$748$428$234$124$64$4
48 years$724$409$220$114$58$3
49 years$701$391$207$106$52$3
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 $5,403 every year, while hoping to spend $23,291 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: 84/9/7 Blend
34$696,000$696,000$696,000$696,000
35$772,565$735,677$724,889$836,530
36$826,585$746,944$724,392$890,369
37$885,335$757,982$723,097$945,773
38$949,272$768,756$720,953$1,005,895
39$1,018,900$779,227$717,907$1,071,193
40$1,094,773$789,355$713,902$1,142,173
41$1,177,502$799,095$708,880$1,219,391
42$1,267,757$808,401$702,778$1,303,460
43$1,366,278$817,222$695,531$1,395,055
44$1,473,878$825,506$687,071$1,494,918
45$1,591,454$833,195$677,327$1,603,868
46$1,719,990$840,230$666,225$1,722,808
47$1,860,572$846,544$653,687$1,852,729
48$2,014,395$852,070$639,631$1,994,727
49$2,182,776$856,734$623,971$2,150,006
50$2,367,163$860,458$606,618$2,319,894
51$2,569,153$863,160$587,479$2,505,854
52$2,790,503$864,751$566,456$2,709,497
53$3,033,149$865,138$543,446$2,932,599
54$3,299,221$864,221$518,343$3,177,117
55$3,591,069$861,895$491,035$3,445,206
56$3,911,278$858,048$461,405$3,739,240
57$4,262,697$852,561$429,331$4,061,838
58$4,648,464$845,308$394,685$4,415,881
59$5,072,034$836,155$357,334$4,804,548
60$5,537,216$824,961$317,138$5,231,340
61$6,048,202$811,575$273,953$5,700,114
62$6,609,615$795,837$227,626$6,215,121
63$7,226,543$777,581$177,999$6,781,047
64$7,904,594$756,626$124,906$7,403,053
65$8,649,946$732,784$68,174$8,086,827
66$9,469,405$705,855$7,622$8,838,639
67$10,370,470$675,628$0$9,665,395
68$11,361,402$641,877$0$10,578,965
69$12,451,303$604,367$0$11,584,366
70$13,650,201$562,846$0$12,690,285
71$14,969,146$517,051$0$13,906,928
72$16,420,313$466,700$0$15,245,537
73$18,017,114$411,497$0$16,718,500
74$19,774,329$351,131$0$18,339,469
75$21,708,244$285,269$0$20,123,489
76$23,836,802$213,564$0$22,087,135
77$26,179,773$135,647$0$24,248,675
78$28,758,944$51,127$0$26,628,238
79$31,598,318$0$0$29,248,006
80$34,724,347$0$0$32,136,424
81$38,166,174$0$0$35,322,228
82$41,955,916$0$0$38,830,082
83$46,128,961$0$0$42,692,745
84$50,724,303$0$0$46,946,312
85$55,784,911$0$0$51,630,558
86$61,358,133$0$0$56,789,313
87$67,496,143$0$0$62,470,873
88$74,256,434$0$0$68,728,457
89$81,702,358$0$0$75,620,709
90$89,903,728$0$0$83,212,252
91$98,937,470$0$0$91,574,297
92$108,888,357$0$0$100,785,315
93$119,849,800$0$0$110,931,774
94$131,924,739$0$0$122,108,963
95$145,226,604$0$0$134,421,883
96$159,880,393$0$0$147,986,242
97$176,023,851$0$0$162,929,544
98$193,808,765$0$0$179,392,299
99$213,402,399$0$0$197,529,338
100$234,989,077$0$0$217,511,284