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%12.8%
1 years$57,640$57,127$56,626$56,137$55,660$55,010
2 years$28,535$28,003$27,488$26,989$26,505$25,850
3 years$18,834$18,300$17,787$17,292$16,816$16,177
4 years$13,985$13,453$12,944$12,458$11,993$11,376
5 years$11,076$10,547$10,045$9,569$9,117$8,523
6 years$9,137$8,613$8,118$7,652$7,214$6,643
7 years$7,753$7,233$6,746$6,291$5,867$5,320
8 years$6,716$6,200$5,721$5,278$4,867$4,344
9 years$5,909$5,398$4,928$4,495$4,099$3,599
10 years$5,264$4,758$4,296$3,875$3,492$3,016
11 years$4,737$4,236$3,782$3,373$3,004$2,549
12 years$4,298$3,802$3,357$2,958$2,603$2,171
13 years$3,926$3,436$2,999$2,612$2,270$1,860
14 years$3,608$3,123$2,695$2,318$1,990$1,601
15 years$3,333$2,853$2,433$2,067$1,752$1,383
16 years$3,092$2,618$2,206$1,851$1,548$1,200
17 years$2,880$2,411$2,007$1,663$1,373$1,043
18 years$2,692$2,228$1,832$1,499$1,221$910
19 years$2,524$2,064$1,677$1,354$1,088$795
20 years$2,372$1,918$1,539$1,227$972$696
21 years$2,236$1,787$1,416$1,113$870$610
22 years$2,111$1,668$1,305$1,012$780$535
23 years$1,998$1,560$1,205$922$700$471
24 years$1,895$1,462$1,114$841$629$414
25 years$1,800$1,372$1,032$768$566$365
26 years$1,712$1,289$957$702$510$321
27 years$1,631$1,213$889$643$460$283
28 years$1,556$1,143$826$589$415$250
29 years$1,486$1,079$769$540$374$221
30 years$1,421$1,019$716$496$338$195
31 years$1,360$963$668$455$306$172
32 years$1,303$911$623$418$277$152
33 years$1,250$863$582$385$250$135
34 years$1,200$818$544$354$227$119
35 years$1,153$776$508$326$205$106
36 years$1,109$736$475$300$186$93
37 years$1,067$699$445$276$169$83
38 years$1,027$664$417$255$153$73
39 years$990$632$390$235$139$65
40 years$954$601$366$217$126$57
41 years$921$572$343$200$114$51
42 years$889$545$322$185$104$45
43 years$858$519$302$170$94$40
44 years$829$495$283$157$85$35
45 years$802$472$266$145$77$31
46 years$775$450$250$134$70$28
47 years$750$430$235$124$64$25
48 years$726$410$221$115$58$22
49 years$703$392$207$106$53$19
50 years$681$374$195$98$48$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $698,000, adding $4,360 every year, while hoping to spend $45,090 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: 36/40/24 Blend
34$698,000$698,000$698,000$698,000
35$773,693$736,699$725,880$795,817
36$804,635$724,822$702,222$800,617
37$837,221$710,852$676,260$801,340
38$871,572$694,638$647,869$801,223
39$907,819$676,022$616,919$800,218
40$946,104$654,835$583,274$798,278
41$986,584$630,899$546,791$795,355
42$1,029,428$604,026$507,321$791,399
43$1,074,822$574,015$464,708$786,363
44$1,122,968$540,656$418,790$780,197
45$1,174,089$503,726$369,398$772,855
46$1,228,426$462,989$316,352$764,290
47$1,286,244$418,194$259,469$754,455
48$1,347,835$369,080$198,555$743,308
49$1,413,515$315,365$133,408$730,808
50$1,483,633$256,758$63,816$716,918
51$1,558,570$192,945$0$701,603
52$1,638,744$123,599$0$687,511
53$1,724,613$48,373$0$689,556
54$1,816,681$0$0$691,425
55$1,915,499$0$0$707,743
56$2,021,672$0$0$748,220
57$2,135,865$0$0$791,828
58$2,258,807$0$0$838,853
59$2,391,298$0$0$889,611
60$2,534,221$0$0$944,450
61$2,688,539$0$0$1,003,753
62$2,855,317$0$0$1,067,937
63$3,035,722$0$0$1,137,465
64$3,231,036$0$0$1,212,844
65$3,442,671$0$0$1,294,631
66$3,672,178$0$0$1,383,440
67$3,921,263$0$0$1,479,946
68$4,191,803$0$0$1,584,890
69$4,485,860$0$0$1,699,088
70$4,805,705$0$0$1,823,440
71$5,153,837$0$0$1,958,934
72$5,533,003$0$0$2,106,658
73$5,946,229$0$0$2,267,808
74$6,396,844$0$0$2,443,704
75$6,888,510$0$0$2,635,795
76$7,425,260$0$0$2,845,678
77$8,011,533$0$0$3,075,113
78$8,652,217$0$0$3,326,033
79$9,352,691$0$0$3,600,571
80$10,118,879$0$0$3,901,074
81$10,957,303$0$0$4,230,125
82$11,875,144$0$0$4,590,570
83$12,880,311$0$0$4,985,543
84$13,981,514$0$0$5,418,495
85$15,188,342$0$0$5,893,228
86$16,511,359$0$0$6,413,928
87$17,962,199$0$0$6,985,207
88$19,553,675$0$0$7,612,144
89$21,299,901$0$0$8,300,333
90$23,216,421$0$0$9,055,937
91$25,320,361$0$0$9,885,746
92$27,630,582$0$0$10,797,238
93$30,167,864$0$0$11,798,650
94$32,955,095$0$0$12,899,060
95$36,017,493$0$0$14,108,466
96$39,382,836$0$0$15,437,882
97$43,081,728$0$0$16,899,445
98$47,147,885$0$0$18,506,525
99$51,618,452$0$0$20,273,852
100$56,534,354$0$0$22,217,655