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%16.6%
1 years$58,218$57,700$57,194$56,700$56,218$54,703
2 years$28,821$28,284$27,764$27,260$26,770$25,255
3 years$19,023$18,484$17,965$17,465$16,984$15,516
4 years$14,125$13,588$13,074$12,583$12,113$10,703
5 years$11,187$10,653$10,146$9,665$9,208$7,861
6 years$9,229$8,699$8,199$7,729$7,286$6,002
7 years$7,831$7,305$6,814$6,354$5,926$4,705
8 years$6,783$6,262$5,779$5,331$4,916$3,758
9 years$5,968$5,452$4,977$4,541$4,140$3,043
10 years$5,317$4,806$4,339$3,914$3,527$2,491
11 years$4,784$4,278$3,820$3,406$3,034$2,056
12 years$4,341$3,840$3,390$2,988$2,629$1,708
13 years$3,966$3,470$3,029$2,638$2,292$1,427
14 years$3,645$3,154$2,722$2,342$2,010$1,197
15 years$3,366$2,882$2,457$2,088$1,769$1,008
16 years$3,123$2,644$2,228$1,870$1,564$851
17 years$2,909$2,435$2,027$1,680$1,387$720
18 years$2,719$2,250$1,851$1,514$1,233$611
19 years$2,549$2,085$1,694$1,368$1,099$519
20 years$2,396$1,938$1,555$1,239$982$441
21 years$2,258$1,805$1,430$1,124$878$376
22 years$2,133$1,685$1,318$1,022$787$320
23 years$2,018$1,576$1,217$931$707$273
24 years$1,914$1,476$1,126$849$635$234
25 years$1,818$1,385$1,042$776$572$200
26 years$1,729$1,302$967$709$515$171
27 years$1,647$1,225$898$649$464$146
28 years$1,571$1,155$835$595$419$125
29 years$1,501$1,089$777$545$378$107
30 years$1,435$1,029$723$501$342$92
31 years$1,374$973$674$460$309$78
32 years$1,316$920$629$422$279$67
33 years$1,263$871$588$388$253$58
34 years$1,212$826$549$357$229$49
35 years$1,164$783$513$329$207$42
36 years$1,120$744$480$303$188$36
37 years$1,077$706$449$279$170$31
38 years$1,037$671$421$257$154$27
39 years$1,000$638$394$237$140$23
40 years$964$607$370$219$127$20
41 years$930$578$347$202$115$17
42 years$898$550$325$186$105$14
43 years$867$524$305$172$95$12
44 years$838$500$286$159$86$11
45 years$810$477$269$147$78$9
46 years$783$455$253$136$71$8
47 years$758$434$237$125$64$7
48 years$734$414$223$116$59$6
49 years$710$396$210$107$53$5
50 years$688$378$197$99$48$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $705,000, adding $3,560 every year, while hoping to spend $50,360 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: 88/6/6 Blend
34$705,000$705,000$705,000$705,000
35$780,582$743,217$732,290$848,817
36$806,619$726,052$703,239$876,607
37$833,623$706,358$671,527$899,749
38$861,642$683,958$637,011$923,534
39$890,722$658,665$599,544$947,990
40$920,915$630,280$558,969$973,143
41$952,278$598,593$515,124$999,026
42$984,869$563,382$467,839$1,025,669
43$1,018,751$524,413$416,937$1,053,110
44$1,053,992$481,438$362,232$1,081,387
45$1,090,664$434,193$303,532$1,110,541
46$1,128,846$382,402$240,634$1,140,620
47$1,168,620$325,772$173,328$1,171,671
48$1,210,077$263,993$101,392$1,203,751
49$1,253,315$196,738$24,598$1,236,917
50$1,298,436$123,662$0$1,271,236
51$1,345,554$44,399$0$1,310,449
52$1,394,791$0$0$1,352,882
53$1,446,277$0$0$1,399,796
54$1,500,155$0$0$1,451,959
55$1,556,580$0$0$1,506,588
56$1,615,716$0$0$1,563,844
57$1,677,747$0$0$1,623,904
58$1,742,867$0$0$1,686,957
59$1,811,290$0$0$1,753,210
60$1,883,247$0$0$1,822,887
61$1,958,992$0$0$1,896,233
62$2,038,797$0$0$1,973,514
63$2,122,962$0$0$2,055,020
64$2,211,812$0$0$2,141,066
65$2,305,703$0$0$2,231,996
66$2,405,022$0$0$2,328,186
67$2,510,191$0$0$2,430,045
68$2,621,674$0$0$2,538,023
69$2,739,974$0$0$2,652,608
70$2,865,643$0$0$2,774,335
71$2,999,286$0$0$2,903,790
72$3,141,563$0$0$3,041,614
73$3,293,198$0$0$3,188,507
74$3,454,981$0$0$3,345,237
75$3,627,782$0$0$3,512,647
76$3,812,551$0$0$3,691,657
77$4,010,330$0$0$3,883,279
78$4,222,263$0$0$4,088,621
79$4,449,604$0$0$4,308,899
80$4,693,729$0$0$4,545,448
81$4,956,148$0$0$4,799,732
82$5,238,519$0$0$5,073,358
83$5,542,662$0$0$5,368,091
84$5,870,577$0$0$5,685,871
85$6,224,461$0$0$6,028,827
86$6,606,725$0$0$6,399,298
87$7,020,023$0$0$6,799,857
88$7,467,268$0$0$7,233,329
89$7,951,665$0$0$7,702,823
90$8,476,737$0$0$8,211,752
91$9,046,358$0$0$8,763,875
92$9,664,787$0$0$9,363,322
93$10,336,710$0$0$10,014,636
94$11,067,282$0$0$10,722,817
95$11,862,174$0$0$11,493,363
96$12,727,625$0$0$12,332,324
97$13,670,500$0$0$13,246,358
98$14,698,355$0$0$14,242,793
99$15,819,505$0$0$15,329,690
100$17,043,103$0$0$16,515,927