Can I retire at age 35 with 698,000?

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 $698,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$57,640$57,127$56,626$56,137$55,660$55,262
2 years$28,535$28,003$27,488$26,989$26,505$26,104
3 years$18,834$18,300$17,787$17,292$16,816$16,424
4 years$13,985$13,453$12,944$12,458$11,993$11,614
5 years$11,076$10,547$10,045$9,569$9,117$8,751
6 years$9,137$8,613$8,118$7,652$7,214$6,862
7 years$7,753$7,233$6,746$6,291$5,867$5,528
8 years$6,716$6,200$5,721$5,278$4,867$4,542
9 years$5,909$5,398$4,928$4,495$4,099$3,788
10 years$5,264$4,758$4,296$3,875$3,492$3,195
11 years$4,737$4,236$3,782$3,373$3,004$2,720
12 years$4,298$3,802$3,357$2,958$2,603$2,332
13 years$3,926$3,436$2,999$2,612$2,270$2,012
14 years$3,608$3,123$2,695$2,318$1,990$1,744
15 years$3,333$2,853$2,433$2,067$1,752$1,519
16 years$3,092$2,618$2,206$1,851$1,548$1,327
17 years$2,880$2,411$2,007$1,663$1,373$1,163
18 years$2,692$2,228$1,832$1,499$1,221$1,022
19 years$2,524$2,064$1,677$1,354$1,088$900
20 years$2,372$1,918$1,539$1,227$972$794
21 years$2,236$1,787$1,416$1,113$870$702
22 years$2,111$1,668$1,305$1,012$780$621
23 years$1,998$1,560$1,205$922$700$551
24 years$1,895$1,462$1,114$841$629$489
25 years$1,800$1,372$1,032$768$566$434
26 years$1,712$1,289$957$702$510$386
27 years$1,631$1,213$889$643$460$343
28 years$1,556$1,143$826$589$415$306
29 years$1,486$1,079$769$540$374$272
30 years$1,421$1,019$716$496$338$243
31 years$1,360$963$668$455$306$216
32 years$1,303$911$623$418$277$193
33 years$1,250$863$582$385$250$172
34 years$1,200$818$544$354$227$154
35 years$1,153$776$508$326$205$137
36 years$1,109$736$475$300$186$123
37 years$1,067$699$445$276$169$110
38 years$1,027$664$417$255$153$98
39 years$990$632$390$235$139$88
40 years$954$601$366$217$126$78
41 years$921$572$343$200$114$70
42 years$889$545$322$185$104$63
43 years$858$519$302$170$94$56
44 years$829$495$283$157$85$50
45 years$802$472$266$145$77$45
46 years$775$450$250$134$70$40
47 years$750$430$235$124$64$36
48 years$726$410$221$115$58$32
49 years$703$392$207$106$53$29
50 years$681$374$195$98$48$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $698,000, adding $5,778 every year, while hoping to spend $57,411 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: 46/36/18 Blend
34$698,000$698,000$698,000$698,000
35$775,156$738,162$727,343$806,588
36$793,137$713,247$690,624$804,196
37$811,028$685,187$650,751$795,387
38$828,759$653,768$607,557$784,615
39$846,251$618,761$560,869$771,722
40$863,416$579,927$510,506$756,538
41$880,153$537,013$456,276$738,881
42$896,351$489,748$397,983$718,557
43$911,883$437,850$335,420$695,357
44$926,608$381,018$268,370$669,055
45$940,369$318,935$196,608$639,410
46$952,991$251,267$119,898$606,163
47$964,276$177,658$37,994$569,035
48$974,005$97,737$0$527,726
49$981,935$11,108$0$491,404
50$987,795$0$0$458,637
51$991,281$0$0$454,539
52$992,059$0$0$453,423
53$989,757$0$0$450,697
54$983,959$0$0$446,151
55$974,207$0$0$439,549
56$959,992$0$0$430,633
57$940,749$0$0$419,114
58$915,853$0$0$404,674
59$884,610$0$0$386,959
60$846,254$0$0$365,579
61$799,935$0$0$340,102
62$744,713$0$0$310,049
63$679,549$0$0$274,891
64$603,293$0$0$234,044
65$514,673$0$0$186,859
66$412,284$0$0$132,624
67$294,573$0$0$70,548
68$159,823$0$0$0
69$6,137$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