Can I retire at age 35 with 702,000?

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 $702,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$57,971$57,454$56,950$56,459$55,978$54,759
2 years$28,698$28,164$27,646$27,144$26,656$25,434
3 years$18,942$18,405$17,889$17,391$16,912$15,724
4 years$14,065$13,530$13,018$12,529$12,062$10,919
5 years$11,140$10,608$10,103$9,624$9,169$8,073
6 years$9,190$8,662$8,165$7,696$7,255$6,208
7 years$7,798$7,274$6,785$6,327$5,900$4,902
8 years$6,754$6,235$5,754$5,308$4,895$3,946
9 years$5,943$5,429$4,956$4,521$4,122$3,221
10 years$5,294$4,785$4,321$3,897$3,512$2,658
11 years$4,764$4,260$3,804$3,392$3,021$2,212
12 years$4,322$3,824$3,376$2,975$2,618$1,853
13 years$3,949$3,456$3,016$2,627$2,283$1,562
14 years$3,629$3,141$2,710$2,332$2,001$1,322
15 years$3,352$2,869$2,447$2,079$1,762$1,123
16 years$3,110$2,633$2,218$1,862$1,557$957
17 years$2,897$2,424$2,019$1,673$1,381$817
18 years$2,707$2,240$1,843$1,508$1,228$700
19 years$2,538$2,076$1,687$1,362$1,094$600
20 years$2,386$1,929$1,548$1,234$977$516
21 years$2,248$1,797$1,424$1,120$875$444
22 years$2,124$1,678$1,312$1,018$784$382
23 years$2,010$1,569$1,212$927$704$329
24 years$1,906$1,470$1,121$846$633$284
25 years$1,810$1,380$1,038$772$569$245
26 years$1,722$1,297$963$706$513$212
27 years$1,640$1,220$894$646$462$183
28 years$1,565$1,150$831$592$417$159
29 years$1,494$1,085$773$543$377$137
30 years$1,429$1,024$720$498$340$119
31 years$1,368$968$672$458$308$103
32 years$1,311$916$627$421$278$89
33 years$1,257$868$585$387$252$77
34 years$1,207$822$547$356$228$67
35 years$1,160$780$511$328$207$58
36 years$1,115$740$478$302$187$50
37 years$1,073$703$447$278$170$43
38 years$1,033$668$419$256$154$38
39 years$995$635$393$236$139$33
40 years$960$605$368$218$126$28
41 years$926$576$345$201$115$25
42 years$894$548$324$186$104$21
43 years$863$522$304$171$94$18
44 years$834$498$285$158$86$16
45 years$806$475$268$146$78$14
46 years$780$453$251$135$71$12
47 years$755$432$236$125$64$10
48 years$731$413$222$115$58$9
49 years$707$394$209$106$53$8
50 years$685$376$196$98$48$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $702,000, adding $5,245 every year, while hoping to spend $47,650 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: 60/31/9 Blend
34$702,000$702,000$702,000$702,000
35$779,014$741,808$730,927$823,870
36$807,774$727,458$704,714$840,237
37$837,871$710,807$676,026$852,181
38$869,390$691,693$644,729$864,025
39$902,425$669,943$610,685$875,764
40$937,077$645,374$573,747$887,389
41$973,456$617,794$533,764$898,899
42$1,011,680$586,998$490,577$910,289
43$1,051,879$552,769$444,019$921,559
44$1,094,194$514,878$393,917$932,714
45$1,138,779$473,084$340,090$943,758
46$1,185,800$427,131$282,349$954,702
47$1,235,440$376,748$220,496$965,559
48$1,287,896$321,650$154,324$976,350
49$1,343,386$261,536$83,618$987,098
50$1,402,146$196,085$8,154$997,837
51$1,464,434$124,963$0$1,008,605
52$1,530,532$47,812$0$1,026,402
53$1,600,749$0$0$1,045,623
54$1,675,423$0$0$1,077,771
55$1,754,922$0$0$1,129,390
56$1,839,652$0$0$1,184,438
57$1,930,054$0$0$1,243,206
58$2,026,614$0$0$1,306,014
59$2,129,864$0$0$1,373,212
60$2,240,385$0$0$1,445,185
61$2,358,819$0$0$1,522,354
62$2,485,865$0$0$1,605,182
63$2,622,292$0$0$1,694,176
64$2,768,946$0$0$1,789,893
65$2,926,752$0$0$1,892,945
66$3,096,729$0$0$2,004,004
67$3,279,994$0$0$2,123,807
68$3,477,775$0$0$2,253,164
69$3,691,421$0$0$2,392,968
70$3,922,415$0$0$2,544,195
71$4,172,387$0$0$2,707,923
72$4,443,126$0$0$2,885,334
73$4,736,604$0$0$3,077,729
74$5,054,985$0$0$3,286,538
75$5,400,651$0$0$3,513,334
76$5,776,222$0$0$3,759,848
77$6,184,579$0$0$4,027,983
78$6,628,893$0$0$4,319,834
79$7,112,652$0$0$4,637,705
80$7,639,695$0$0$4,984,132
81$8,214,244$0$0$5,361,906
82$8,840,949$0$0$5,774,099
83$9,524,927$0$0$6,224,092
84$10,271,811$0$0$6,715,607
85$11,087,799$0$0$7,252,741
86$11,979,719$0$0$7,840,005
87$12,955,085$0$0$8,482,366
88$14,022,171$0$0$9,185,292
89$15,190,089$0$0$9,954,805
90$16,468,870$0$0$10,797,535
91$17,869,563$0$0$11,720,785
92$19,404,335$0$0$12,732,597
93$21,086,583$0$0$13,841,827
94$22,931,065$0$0$15,058,229
95$24,954,034$0$0$16,392,547
96$27,173,392$0$0$17,856,614
97$29,608,858$0$0$19,463,465
98$32,282,149$0$0$21,227,457
99$35,217,192$0$0$23,164,407
100$38,440,341$0$0$25,291,735