Can I retire at age 35 with 705,000?

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 $705,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$58,218$57,700$57,194$56,700$56,218$55,677
2 years$28,821$28,284$27,764$27,260$26,770$26,226
3 years$19,023$18,484$17,965$17,465$16,984$16,452
4 years$14,125$13,588$13,074$12,583$12,113$11,598
5 years$11,187$10,653$10,146$9,665$9,208$8,712
6 years$9,229$8,699$8,199$7,729$7,286$6,809
7 years$7,831$7,305$6,814$6,354$5,926$5,468
8 years$6,783$6,262$5,779$5,331$4,916$4,477
9 years$5,968$5,452$4,977$4,541$4,140$3,721
10 years$5,317$4,806$4,339$3,914$3,527$3,127
11 years$4,784$4,278$3,820$3,406$3,034$2,652
12 years$4,341$3,840$3,390$2,988$2,629$2,265
13 years$3,966$3,470$3,029$2,638$2,292$1,947
14 years$3,645$3,154$2,722$2,342$2,010$1,681
15 years$3,366$2,882$2,457$2,088$1,769$1,458
16 years$3,123$2,644$2,228$1,870$1,564$1,269
17 years$2,909$2,435$2,027$1,680$1,387$1,107
18 years$2,719$2,250$1,851$1,514$1,233$969
19 years$2,549$2,085$1,694$1,368$1,099$849
20 years$2,396$1,938$1,555$1,239$982$746
21 years$2,258$1,805$1,430$1,124$878$657
22 years$2,133$1,685$1,318$1,022$787$579
23 years$2,018$1,576$1,217$931$707$511
24 years$1,914$1,476$1,126$849$635$451
25 years$1,818$1,385$1,042$776$572$399
26 years$1,729$1,302$967$709$515$353
27 years$1,647$1,225$898$649$464$312
28 years$1,571$1,155$835$595$419$277
29 years$1,501$1,089$777$545$378$245
30 years$1,435$1,029$723$501$342$218
31 years$1,374$973$674$460$309$193
32 years$1,316$920$629$422$279$171
33 years$1,263$871$588$388$253$152
34 years$1,212$826$549$357$229$135
35 years$1,164$783$513$329$207$120
36 years$1,120$744$480$303$188$107
37 years$1,077$706$449$279$170$95
38 years$1,037$671$421$257$154$84
39 years$1,000$638$394$237$140$75
40 years$964$607$370$219$127$67
41 years$930$578$347$202$115$59
42 years$898$550$325$186$105$53
43 years$867$524$305$172$95$47
44 years$838$500$286$159$86$42
45 years$810$477$269$147$78$37
46 years$783$455$253$136$71$33
47 years$758$434$237$125$64$29
48 years$734$414$223$116$59$26
49 years$710$396$210$107$53$23
50 years$688$378$197$99$48$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $705,000, adding $6,211 every year, while hoping to spend $41,554 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: 60/35/5 Blend
34$705,000$705,000$705,000$705,000
35$783,317$745,952$735,024$829,275
36$819,002$738,290$715,434$853,095
37$856,934$728,861$693,796$873,707
38$897,299$717,532$669,995$895,123
39$940,299$704,167$643,916$917,418
40$986,157$688,618$615,434$940,681
41$1,035,116$670,731$584,422$965,009
42$1,087,442$650,341$550,744$990,511
43$1,143,427$627,275$514,261$1,017,308
44$1,203,393$601,348$474,825$1,045,539
45$1,267,691$572,365$432,283$1,075,356
46$1,336,705$540,121$386,474$1,106,931
47$1,410,860$504,398$337,232$1,140,454
48$1,490,620$464,966$284,382$1,176,139
49$1,576,495$421,581$227,740$1,214,225
50$1,669,045$373,985$167,117$1,254,979
51$1,768,884$321,908$102,312$1,298,696
52$1,876,690$265,061$33,119$1,345,707
53$1,993,204$203,141$0$1,396,382
54$2,119,244$135,827$0$1,453,303
55$2,255,705$62,781$0$1,516,782
56$2,403,575$0$0$1,585,570
57$2,563,938$0$0$1,666,545
58$2,737,986$0$0$1,780,721
59$2,927,032$0$0$1,904,784
60$3,132,519$0$0$2,039,689
61$3,356,033$0$0$2,186,484
62$3,599,322$0$0$2,346,322
63$3,864,307$0$0$2,520,473
64$4,153,103$0$0$2,710,335
65$4,468,038$0$0$2,917,445
66$4,811,672$0$0$3,143,496
67$5,186,825$0$0$3,390,351
68$5,596,601$0$0$3,660,061
69$6,044,418$0$0$3,954,884
70$6,534,035$0$0$4,277,306
71$7,069,596$0$0$4,630,065
72$7,655,661$0$0$5,016,174
73$8,297,251$0$0$5,438,952
74$8,999,895$0$0$5,902,053
75$9,769,683$0$0$6,409,504
76$10,613,322$0$0$6,965,736
77$11,538,196$0$0$7,575,631
78$12,552,440$0$0$8,244,567
79$13,665,013$0$0$8,978,464
80$14,885,784$0$0$9,783,848
81$16,225,623$0$0$10,667,902
82$17,696,501$0$0$11,638,542
83$19,311,609$0$0$12,704,486
84$21,085,475$0$0$13,875,339
85$23,034,104$0$0$15,161,682
86$25,175,128$0$0$16,575,170
87$27,527,969$0$0$18,128,644
88$30,114,027$0$0$19,836,251
89$32,956,877$0$0$21,713,576
90$36,082,490$0$0$23,777,790
91$39,519,482$0$0$26,047,810
92$43,299,380$0$0$28,544,481
93$47,456,918$0$0$31,290,766
94$52,030,367$0$0$34,311,966
95$57,061,892$0$0$37,635,959
96$62,597,951$0$0$41,293,461
97$68,689,735$0$0$45,318,315
98$75,393,645$0$0$49,747,811
99$82,771,827$0$0$54,623,037
100$90,892,756$0$0$59,989,266