Can I retire at age 35 with 706,000?

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 $706,000?

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$58,301$57,782$57,275$56,780$56,297$56,060
2 years$28,862$28,324$27,803$27,298$26,808$26,569
3 years$19,050$18,510$17,991$17,490$17,008$16,774
4 years$14,145$13,607$13,093$12,601$12,130$11,903
5 years$11,203$10,668$10,160$9,679$9,221$9,002
6 years$9,242$8,711$8,211$7,740$7,297$7,085
7 years$7,842$7,316$6,823$6,364$5,934$5,730
8 years$6,793$6,271$5,787$5,338$4,923$4,727
9 years$5,977$5,460$4,984$4,547$4,146$3,958
10 years$5,324$4,813$4,345$3,920$3,532$3,352
11 years$4,791$4,284$3,826$3,411$3,038$2,866
12 years$4,347$3,845$3,395$2,992$2,633$2,468
13 years$3,971$3,475$3,033$2,642$2,296$2,139
14 years$3,650$3,159$2,725$2,345$2,012$1,863
15 years$3,371$2,886$2,461$2,091$1,772$1,629
16 years$3,128$2,648$2,231$1,872$1,566$1,430
17 years$2,913$2,438$2,030$1,682$1,389$1,260
18 years$2,723$2,253$1,853$1,516$1,235$1,112
19 years$2,553$2,088$1,697$1,370$1,100$985
20 years$2,399$1,940$1,557$1,241$983$873
21 years$2,261$1,807$1,432$1,126$880$776
22 years$2,136$1,687$1,320$1,024$788$690
23 years$2,021$1,578$1,219$932$708$615
24 years$1,916$1,478$1,127$850$636$549
25 years$1,820$1,387$1,044$777$572$490
26 years$1,731$1,304$968$710$516$438
27 years$1,650$1,227$899$650$465$392
28 years$1,574$1,156$836$596$419$351
29 years$1,503$1,091$778$546$379$314
30 years$1,437$1,030$724$501$342$282
31 years$1,376$974$675$460$309$253
32 years$1,318$922$630$423$280$227
33 years$1,264$873$588$389$253$203
34 years$1,214$827$550$358$229$183
35 years$1,166$785$514$330$208$164
36 years$1,121$745$481$303$188$147
37 years$1,079$707$450$280$171$133
38 years$1,039$672$421$258$155$119
39 years$1,001$639$395$238$140$107
40 years$965$608$370$219$127$96
41 years$931$579$347$202$115$87
42 years$899$551$326$187$105$78
43 years$868$525$305$172$95$70
44 years$839$501$287$159$86$63
45 years$811$477$269$147$78$57
46 years$784$455$253$136$71$51
47 years$759$435$238$125$65$46
48 years$735$415$223$116$59$41
49 years$712$396$210$107$53$37
50 years$689$378$197$99$48$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $706,000, adding $2,836 every year, while hoping to spend $45,997 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: 46/35/19 Blend
34$706,000$706,000$706,000$706,000
35$780,937$743,519$732,576$812,502
36$811,652$731,011$708,177$822,342
37$843,959$716,349$681,419$828,190
38$877,971$699,378$652,174$833,569
39$913,811$679,935$620,310$838,457
40$951,615$657,847$585,686$842,832
41$991,530$632,932$548,156$846,671
42$1,033,716$604,995$507,570$849,957
43$1,078,349$573,833$463,766$852,670
44$1,125,618$539,229$416,580$854,796
45$1,175,733$500,953$365,838$856,322
46$1,228,922$458,764$311,357$857,240
47$1,285,433$412,405$252,949$857,545
48$1,345,541$361,606$190,417$857,238
49$1,409,543$306,082$123,552$856,324
50$1,477,766$245,529$52,141$854,815
51$1,550,568$179,630$0$852,733
52$1,628,340$108,046$0$854,985
53$1,711,514$30,423$0$868,329
54$1,800,559$0$0$882,284
55$1,895,993$0$0$917,615
56$1,998,382$0$0$968,148
57$2,108,348$0$0$1,022,479
58$2,226,573$0$0$1,080,952
59$2,353,808$0$0$1,143,946
60$2,490,874$0$0$1,211,876
61$2,638,677$0$0$1,285,200
62$2,798,207$0$0$1,364,418
63$2,970,557$0$0$1,450,083
64$3,156,925$0$0$1,542,801
65$3,358,628$0$0$1,643,237
66$3,577,116$0$0$1,752,124
67$3,813,981$0$0$1,870,268
68$4,070,973$0$0$1,998,555
69$4,350,020$0$0$2,137,959
70$4,653,240$0$0$2,289,551
71$4,982,963$0$0$2,454,512
72$5,341,753$0$0$2,634,140
73$5,732,431$0$0$2,829,861
74$6,158,102$0$0$3,043,247
75$6,622,181$0$0$3,276,028
76$7,128,429$0$0$3,530,107
77$7,680,985$0$0$3,807,580
78$8,284,402$0$0$4,110,754
79$8,943,697$0$0$4,442,167
80$9,664,390$0$0$4,804,616
81$10,452,560$0$0$5,201,180
82$11,314,898$0$0$5,635,247
83$12,258,774$0$0$6,110,551
84$13,292,303$0$0$6,631,202
85$14,424,421$0$0$7,201,727
86$15,664,969$0$0$7,827,111
87$17,024,784$0$0$8,512,844
88$18,515,802$0$0$9,264,975
89$20,151,171$0$0$10,090,163
90$21,945,370$0$0$10,995,745
91$23,914,350$0$0$11,989,802
92$26,075,677$0$0$13,081,238
93$28,448,705$0$0$14,279,856
94$31,054,751$0$0$15,596,460
95$33,917,299$0$0$17,042,949
96$37,062,218$0$0$18,632,434
97$40,518,007$0$0$20,379,355
98$44,316,063$0$0$22,299,625
99$48,490,975$0$0$24,410,771
100$53,080,850$0$0$26,732,107