Can I retire at age 35 with 704,000?

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 $704,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$58,136$57,618$57,113$56,619$56,138$55,231
2 years$28,780$28,244$27,725$27,221$26,732$25,821
3 years$18,996$18,458$17,940$17,441$16,960$16,073
4 years$14,105$13,568$13,055$12,565$12,096$11,240
5 years$11,171$10,638$10,132$9,651$9,195$8,372
6 years$9,216$8,687$8,188$7,718$7,276$6,487
7 years$7,820$7,295$6,804$6,345$5,917$5,163
8 years$6,773$6,253$5,770$5,323$4,909$4,189
9 years$5,960$5,444$4,970$4,534$4,134$3,448
10 years$5,309$4,799$4,333$3,908$3,522$2,870
11 years$4,777$4,272$3,815$3,401$3,029$2,410
12 years$4,335$3,835$3,385$2,984$2,625$2,038
13 years$3,960$3,465$3,025$2,634$2,289$1,733
14 years$3,639$3,150$2,718$2,338$2,007$1,481
15 years$3,362$2,877$2,454$2,085$1,767$1,270
16 years$3,119$2,640$2,225$1,867$1,562$1,093
17 years$2,905$2,431$2,024$1,678$1,385$943
18 years$2,715$2,247$1,848$1,512$1,231$816
19 years$2,545$2,082$1,692$1,366$1,097$707
20 years$2,393$1,935$1,553$1,237$980$614
21 years$2,255$1,802$1,428$1,123$877$534
22 years$2,130$1,682$1,316$1,021$786$465
23 years$2,015$1,573$1,215$930$706$405
24 years$1,911$1,474$1,124$848$634$353
25 years$1,815$1,384$1,041$774$571$308
26 years$1,727$1,300$965$708$514$270
27 years$1,645$1,224$897$648$464$236
28 years$1,569$1,153$833$594$418$206
29 years$1,499$1,088$776$545$378$180
30 years$1,433$1,027$722$500$341$158
31 years$1,372$971$673$459$309$138
32 years$1,314$919$628$422$279$121
33 years$1,261$870$587$388$253$106
34 years$1,210$825$548$357$229$93
35 years$1,163$782$513$329$207$82
36 years$1,118$743$479$303$188$72
37 years$1,076$705$449$279$170$63
38 years$1,036$670$420$257$154$55
39 years$998$637$394$237$140$48
40 years$962$606$369$219$127$42
41 years$929$577$346$202$115$37
42 years$896$550$325$186$104$33
43 years$866$524$305$172$95$29
44 years$836$499$286$159$86$25
45 years$809$476$268$146$78$22
46 years$782$454$252$135$71$19
47 years$757$433$237$125$64$17
48 years$733$414$223$116$58$15
49 years$709$395$209$107$53$13
50 years$687$377$197$99$48$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $704,000, adding $2,010 every year, while hoping to spend $32,081 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: 74/13/13 Blend
34$704,000$704,000$704,000$704,000
35$777,881$740,569$729,657$833,192
36$823,091$742,723$719,967$872,173
37$871,837$743,908$708,877$910,689
38$924,447$744,041$696,306$952,016
39$981,278$743,037$682,170$996,423
40$1,042,726$740,803$666,380$1,044,208
41$1,109,224$737,243$648,844$1,095,700
42$1,181,250$732,253$629,465$1,151,259
43$1,259,327$725,723$608,142$1,211,286
44$1,344,033$717,537$584,769$1,276,220
45$1,436,000$707,572$559,234$1,346,547
46$1,535,926$695,697$531,423$1,422,801
47$1,644,579$681,775$501,214$1,505,574
48$1,762,802$665,658$468,481$1,595,517
49$1,891,523$647,191$433,090$1,693,348
50$2,031,765$626,210$394,906$1,799,860
51$2,184,652$602,541$353,782$1,915,926
52$2,351,421$576,000$309,568$2,042,511
53$2,533,435$546,393$262,107$2,180,678
54$2,732,192$513,513$211,235$2,331,599
55$2,949,344$477,143$156,779$2,496,567
56$3,186,707$437,052$98,561$2,677,010
57$3,446,281$392,998$36,393$2,874,500
58$3,730,270$344,723$0$3,090,772
59$4,041,098$291,955$0$3,331,894
60$4,381,436$234,408$0$3,601,480
61$4,754,226$171,777$0$3,896,833
62$5,162,705$103,742$0$4,220,549
63$5,610,442$29,966$0$4,575,492
64$6,101,363$0$0$4,964,816
65$6,639,796$0$0$5,399,138
66$7,230,506$0$0$5,880,363
67$7,878,742$0$0$6,408,483
68$8,590,285$0$0$6,988,214
69$9,371,506$0$0$7,624,748
70$10,229,419$0$0$8,323,807
71$11,171,753$0$0$9,091,692
72$12,207,021$0$0$9,935,345
73$13,344,602$0$0$10,862,414
74$14,594,830$0$0$11,881,325
75$15,969,087$0$0$13,001,359
76$17,479,914$0$0$14,232,743
77$19,141,127$0$0$15,586,743
78$20,967,950$0$0$17,075,773
79$22,977,153$0$0$18,713,508
80$25,187,214$0$0$20,515,016
81$27,618,493$0$0$22,496,899
82$30,293,422$0$0$24,677,449
83$33,236,715$0$0$27,076,819
84$36,475,605$0$0$29,717,217
85$40,040,097$0$0$32,623,110
86$43,963,253$0$0$35,821,458
87$48,281,502$0$0$39,341,968
88$53,034,982$0$0$43,217,371
89$58,267,924$0$0$47,483,735
90$64,029,062$0$0$52,180,802
91$70,372,097$0$0$57,352,361
92$77,356,202$0$0$63,046,667
93$85,046,580$0$0$69,316,889
94$93,515,077$0$0$76,221,617
95$102,840,864$0$0$83,825,411
96$113,111,180$0$0$92,199,412
97$124,422,155$0$0$101,422,010
98$136,879,719$0$0$111,579,589
99$150,600,600$0$0$122,767,335
100$165,713,423$0$0$135,090,141