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%11%
1 years$58,136$57,618$57,113$56,619$56,138$55,901
2 years$28,780$28,244$27,725$27,221$26,732$26,494
3 years$18,996$18,458$17,940$17,441$16,960$16,726
4 years$14,105$13,568$13,055$12,565$12,096$11,869
5 years$11,171$10,638$10,132$9,651$9,195$8,976
6 years$9,216$8,687$8,188$7,718$7,276$7,065
7 years$7,820$7,295$6,804$6,345$5,917$5,714
8 years$6,773$6,253$5,770$5,323$4,909$4,714
9 years$5,960$5,444$4,970$4,534$4,134$3,947
10 years$5,309$4,799$4,333$3,908$3,522$3,343
11 years$4,777$4,272$3,815$3,401$3,029$2,858
12 years$4,335$3,835$3,385$2,984$2,625$2,461
13 years$3,960$3,465$3,025$2,634$2,289$2,133
14 years$3,639$3,150$2,718$2,338$2,007$1,858
15 years$3,362$2,877$2,454$2,085$1,767$1,625
16 years$3,119$2,640$2,225$1,867$1,562$1,426
17 years$2,905$2,431$2,024$1,678$1,385$1,256
18 years$2,715$2,247$1,848$1,512$1,231$1,109
19 years$2,545$2,082$1,692$1,366$1,097$982
20 years$2,393$1,935$1,553$1,237$980$871
21 years$2,255$1,802$1,428$1,123$877$774
22 years$2,130$1,682$1,316$1,021$786$688
23 years$2,015$1,573$1,215$930$706$613
24 years$1,911$1,474$1,124$848$634$547
25 years$1,815$1,384$1,041$774$571$489
26 years$1,727$1,300$965$708$514$437
27 years$1,645$1,224$897$648$464$391
28 years$1,569$1,153$833$594$418$350
29 years$1,499$1,088$776$545$378$313
30 years$1,433$1,027$722$500$341$281
31 years$1,372$971$673$459$309$252
32 years$1,314$919$628$422$279$226
33 years$1,261$870$587$388$253$203
34 years$1,210$825$548$357$229$182
35 years$1,163$782$513$329$207$164
36 years$1,118$743$479$303$188$147
37 years$1,076$705$449$279$170$132
38 years$1,036$670$420$257$154$119
39 years$998$637$394$237$140$107
40 years$962$606$369$219$127$96
41 years$929$577$346$202$115$86
42 years$896$550$325$186$104$78
43 years$866$524$305$172$95$70
44 years$836$499$286$159$86$63
45 years$809$476$268$146$78$57
46 years$782$454$252$135$71$51
47 years$757$433$237$125$64$46
48 years$733$414$223$116$58$41
49 years$709$395$209$107$53$37
50 years$687$377$197$99$48$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $704,000, adding $5,808 every year, while hoping to spend $20,636 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$704,000$704,000$704,000$704,000
35$781,799$744,487$733,575$826,783
36$839,586$759,010$736,193$872,177
37$902,575$773,554$738,207$918,798
38$971,277$788,096$739,576$969,136
39$1,046,249$802,615$740,254$1,023,551
40$1,128,110$817,087$740,196$1,082,438
41$1,217,538$831,485$739,353$1,146,233
42$1,315,280$845,780$737,674$1,215,417
43$1,422,158$859,943$735,106$1,290,518
44$1,539,078$873,941$731,593$1,372,119
45$1,667,038$887,738$727,075$1,460,863
46$1,807,136$901,297$721,492$1,557,458
47$1,960,580$914,577$714,778$1,662,684
48$2,128,703$927,535$706,867$1,777,402
49$2,312,971$940,124$697,687$1,902,560
50$2,515,000$952,296$687,165$2,039,203
51$2,736,567$963,996$675,223$2,188,482
52$2,979,633$975,168$661,779$2,351,667
53$3,246,356$985,751$646,748$2,530,158
54$3,539,113$995,681$630,043$2,725,497
55$3,860,522$1,004,889$611,569$2,939,385
56$4,213,468$1,013,302$591,229$3,173,696
57$4,601,128$1,020,840$568,922$3,430,495
58$5,027,004$1,027,422$544,542$3,712,062
59$5,494,950$1,032,957$517,976$4,020,906
60$6,009,215$1,037,353$489,108$4,359,794
61$6,574,480$1,040,508$457,818$4,731,778
62$7,195,900$1,042,315$423,978$5,140,220
63$7,879,155$1,042,662$387,455$5,588,828
64$8,630,505$1,041,429$348,110$6,081,686
65$9,456,844$1,038,486$305,799$6,623,300
66$10,365,769$1,033,700$260,371$7,218,634
67$11,365,651$1,026,925$211,667$7,873,163
68$12,465,713$1,018,009$159,523$8,592,917
69$13,676,114$1,006,790$103,766$9,384,548
70$15,008,052$993,097$44,217$10,255,387
71$16,473,863$976,748$0$11,213,512
72$18,087,138$957,550$0$12,269,688
73$19,862,855$935,298$0$13,436,528
74$21,817,516$909,778$0$14,720,621
75$23,969,304$880,759$0$16,133,917
76$26,338,258$848,000$0$17,689,584
77$28,946,452$811,245$0$19,402,137
78$31,818,217$770,222$0$21,287,574
79$34,980,356$724,645$0$23,363,525
80$38,462,410$674,209$0$25,649,422
81$42,296,925$618,595$0$28,166,682
82$46,519,769$557,464$0$30,938,908
83$51,170,462$490,457$0$33,992,118
84$56,292,555$417,195$0$37,354,981
85$61,934,037$337,278$0$41,059,099
86$68,147,789$250,285$0$45,139,299
87$74,992,082$155,767$0$49,633,965
88$82,531,129$53,255$0$54,585,402
89$90,835,690$0$0$60,040,232
90$99,983,737$0$0$66,069,542
91$110,061,194$0$0$72,731,505
92$121,162,743$0$0$80,070,560
93$133,392,722$0$0$88,155,691
94$146,866,107$0$0$97,062,921
95$161,709,599$0$0$106,876,022
96$178,062,816$0$0$117,687,308
97$196,079,615$0$0$129,598,509
98$215,929,540$0$0$142,721,726
99$237,799,427$0$0$157,180,492
100$261,895,162$0$0$173,110,939