Can I retire at age 35 with 697,000?

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 $697,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$57,558$57,045$56,545$56,056$55,580$53,523
2 years$28,494$27,963$27,449$26,950$26,467$24,417
3 years$18,807$18,274$17,761$17,267$16,791$14,814
4 years$13,965$13,434$12,926$12,440$11,976$10,086
5 years$11,060$10,532$10,031$9,555$9,104$7,306
6 years$9,124$8,600$8,106$7,641$7,204$5,500
7 years$7,742$7,222$6,736$6,282$5,858$4,248
8 years$6,706$6,191$5,713$5,270$4,860$3,341
9 years$5,901$5,390$4,921$4,489$4,093$2,663
10 years$5,257$4,751$4,290$3,870$3,487$2,145
11 years$4,730$4,230$3,777$3,368$2,999$1,741
12 years$4,291$3,796$3,352$2,954$2,599$1,422
13 years$3,921$3,431$2,995$2,608$2,266$1,167
14 years$3,603$3,119$2,691$2,315$1,987$961
15 years$3,328$2,849$2,429$2,065$1,749$794
16 years$3,088$2,614$2,203$1,849$1,546$658
17 years$2,876$2,407$2,004$1,661$1,371$547
18 years$2,688$2,224$1,830$1,497$1,219$455
19 years$2,520$2,062$1,675$1,353$1,086$379
20 years$2,369$1,916$1,537$1,225$970$316
21 years$2,232$1,784$1,414$1,112$868$264
22 years$2,108$1,666$1,303$1,011$778$220
23 years$1,995$1,558$1,203$921$699$184
24 years$1,892$1,460$1,113$840$628$154
25 years$1,797$1,370$1,031$767$565$129
26 years$1,709$1,287$956$701$509$108
27 years$1,628$1,212$888$642$459$90
28 years$1,553$1,142$825$588$414$76
29 years$1,484$1,077$768$539$374$63
30 years$1,419$1,017$715$495$338$53
31 years$1,358$962$667$454$305$45
32 years$1,301$910$622$418$276$37
33 years$1,248$862$581$384$250$31
34 years$1,198$817$543$353$226$26
35 years$1,151$775$507$325$205$22
36 years$1,107$735$475$300$186$18
37 years$1,065$698$444$276$168$15
38 years$1,026$664$416$254$153$13
39 years$988$631$390$235$138$11
40 years$953$600$365$216$126$9
41 years$919$571$343$200$114$8
42 years$887$544$321$184$103$6
43 years$857$519$302$170$94$5
44 years$828$494$283$157$85$5
45 years$801$471$266$145$77$4
46 years$774$450$250$134$70$3
47 years$749$429$235$124$64$3
48 years$725$410$220$114$58$2
49 years$702$391$207$106$53$2
50 years$681$374$195$98$48$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $697,000, adding $4,230 every year, while hoping to spend $58,760 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: 43/35/22 Blend
34$697,000$697,000$697,000$697,000
35$772,457$735,516$724,713$800,561
36$788,728$709,036$686,470$794,427
37$804,688$679,290$644,978$781,769
38$820,246$646,054$600,063$766,865
39$835,294$609,094$551,549$749,539
40$849,716$568,162$499,248$729,601
41$863,380$522,994$442,966$706,848
42$876,138$473,314$382,498$681,062
43$887,825$418,827$317,632$652,009
44$898,257$359,224$248,147$619,437
45$907,229$294,176$173,810$583,077
46$914,513$223,337$94,379$542,638
47$919,854$146,341$9,602$497,807
48$922,970$62,803$0$448,251
49$923,546$0$0$412,590
50$921,234$0$0$385,756
51$915,646$0$0$381,509
52$906,352$0$0$375,455
53$892,875$0$0$367,367
54$874,687$0$0$356,992
55$851,202$0$0$344,053
56$821,772$0$0$328,239
57$785,677$0$0$309,209
58$742,124$0$0$286,583
59$690,231$0$0$259,943
60$629,027$0$0$228,827
61$557,434$0$0$192,721
62$474,263$0$0$151,059
63$378,197$0$0$103,216
64$267,783$0$0$48,502
65$141,413$0$0$0
66$0$0$0$0
67$0$0$0$0
68$0$0$0$0
69$0$0$0$0
70$0$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