Can I retire at age 35 with 704,000?

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 $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%19.7%
1 years$58,136$57,618$57,113$56,619$56,138$53,953
2 years$28,780$28,244$27,725$27,221$26,732$24,558
3 years$18,996$18,458$17,940$17,441$16,960$14,864
4 years$14,105$13,568$13,055$12,565$12,096$10,094
5 years$11,171$10,638$10,132$9,651$9,195$7,293
6 years$9,216$8,687$8,188$7,718$7,276$5,475
7 years$7,820$7,295$6,804$6,345$5,917$4,216
8 years$6,773$6,253$5,770$5,323$4,909$3,306
9 years$5,960$5,444$4,970$4,534$4,134$2,628
10 years$5,309$4,799$4,333$3,908$3,522$2,109
11 years$4,777$4,272$3,815$3,401$3,029$1,707
12 years$4,335$3,835$3,385$2,984$2,625$1,389
13 years$3,960$3,465$3,025$2,634$2,289$1,136
14 years$3,639$3,150$2,718$2,338$2,007$933
15 years$3,362$2,877$2,454$2,085$1,767$768
16 years$3,119$2,640$2,225$1,867$1,562$634
17 years$2,905$2,431$2,024$1,678$1,385$525
18 years$2,715$2,247$1,848$1,512$1,231$435
19 years$2,545$2,082$1,692$1,366$1,097$361
20 years$2,393$1,935$1,553$1,237$980$300
21 years$2,255$1,802$1,428$1,123$877$249
22 years$2,130$1,682$1,316$1,021$786$207
23 years$2,015$1,573$1,215$930$706$173
24 years$1,911$1,474$1,124$848$634$144
25 years$1,815$1,384$1,041$774$571$120
26 years$1,727$1,300$965$708$514$100
27 years$1,645$1,224$897$648$464$83
28 years$1,569$1,153$833$594$418$70
29 years$1,499$1,088$776$545$378$58
30 years$1,433$1,027$722$500$341$48
31 years$1,372$971$673$459$309$40
32 years$1,314$919$628$422$279$34
33 years$1,261$870$587$388$253$28
34 years$1,210$825$548$357$229$24
35 years$1,163$782$513$329$207$20
36 years$1,118$743$479$303$188$16
37 years$1,076$705$449$279$170$14
38 years$1,036$670$420$257$154$11
39 years$998$637$394$237$140$10
40 years$962$606$369$219$127$8
41 years$929$577$346$202$115$7
42 years$896$550$325$186$104$6
43 years$866$524$305$172$95$5
44 years$836$499$286$159$86$4
45 years$809$476$268$146$78$3
46 years$782$454$252$135$71$3
47 years$757$433$237$125$64$2
48 years$733$414$223$116$58$2
49 years$709$395$209$107$53$2
50 years$687$377$197$99$48$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $704,000, adding $2,583 every year, while hoping to spend $28,944 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: 75/15/10 Blend
34$704,000$704,000$704,000$704,000
35$778,472$741,160$730,248$835,268
36$827,080$746,681$723,915$878,574
37$879,676$751,502$716,400$922,111
38$936,636$755,559$707,633$969,008
39$998,374$758,782$697,540$1,019,589
40$1,065,345$761,099$686,043$1,074,209
41$1,138,048$762,431$673,064$1,133,262
42$1,217,034$762,695$658,517$1,197,181
43$1,302,908$761,804$642,314$1,266,443
44$1,396,336$759,664$624,363$1,341,575
45$1,498,051$756,175$604,567$1,423,155
46$1,608,858$751,234$582,826$1,511,825
47$1,729,644$744,727$559,034$1,608,287
48$1,861,386$736,537$533,080$1,713,320
49$2,005,159$726,539$504,849$1,827,780
50$2,162,144$714,598$474,221$1,952,611
51$2,333,645$700,575$441,069$2,088,854
52$2,521,094$684,321$405,262$2,237,656
53$2,726,069$665,676$366,661$2,400,284
54$2,950,308$644,474$325,125$2,578,132
55$3,195,724$620,538$280,501$2,772,738
56$3,464,424$593,680$232,634$2,985,798
57$3,758,727$563,703$181,359$3,219,181
58$4,081,189$530,396$126,506$3,474,948
59$4,434,622$493,538$67,897$3,755,371
60$4,822,127$452,893$5,344$4,062,956
61$5,247,114$408,216$0$4,400,463
62$5,713,344$359,243$0$4,777,491
63$6,224,956$305,697$0$5,191,879
64$6,786,512$247,286$0$5,646,777
65$7,403,035$183,702$0$6,146,291
66$8,080,058$114,617$0$6,694,942
67$8,823,678$39,687$0$7,297,714
68$9,640,610$0$0$7,960,100
69$10,538,252$0$0$8,694,997
70$11,524,754$0$0$9,509,872
71$12,609,095$0$0$10,405,597
72$13,801,166$0$0$11,390,345
73$15,111,866$0$0$12,473,124
74$16,553,200$0$0$13,663,857
75$18,138,399$0$0$14,973,477
76$19,882,036$0$0$16,414,029
77$21,800,170$0$0$17,998,784
78$23,910,494$0$0$19,742,367
79$26,232,502$0$0$21,660,887
80$28,787,674$0$0$23,772,098
81$31,599,676$0$0$26,095,559
82$34,694,586$0$0$28,652,823
83$38,101,136$0$0$31,467,636
84$41,850,988$0$0$34,566,165
85$45,979,025$0$0$37,977,242
86$50,523,688$0$0$41,732,637
87$55,527,334$0$0$45,867,356
88$61,036,633$0$0$50,419,973
89$67,103,014$0$0$55,432,993
90$73,783,147$0$0$60,953,252
91$81,139,475$0$0$67,032,359
92$89,240,808$0$0$73,727,183
93$98,162,967$0$0$81,100,393
94$107,989,504$0$0$89,221,040
95$118,812,487$0$0$98,165,217
96$130,733,367$0$0$108,016,776
97$143,863,940$0$0$118,868,112
98$158,327,398$0$0$130,821,045
99$174,259,493$0$0$143,987,770
100$191,809,817$0$0$158,491,925