Can I retire at age 35 with 708,000?

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 $708,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$58,466$57,945$57,437$56,941$56,457$55,003
2 years$28,944$28,405$27,882$27,376$26,884$25,429
3 years$19,104$18,563$18,042$17,540$17,056$15,645
4 years$14,185$13,646$13,130$12,636$12,165$10,809
5 years$11,235$10,698$10,189$9,706$9,248$7,951
6 years$9,268$8,736$8,234$7,762$7,317$6,081
7 years$7,864$7,336$6,843$6,382$5,951$4,774
8 years$6,812$6,289$5,803$5,353$4,937$3,820
9 years$5,994$5,475$4,998$4,560$4,158$3,100
10 years$5,339$4,826$4,358$3,931$3,542$2,542
11 years$4,805$4,297$3,836$3,421$3,047$2,102
12 years$4,359$3,856$3,405$3,001$2,640$1,750
13 years$3,983$3,485$3,042$2,649$2,302$1,465
14 years$3,660$3,168$2,733$2,351$2,018$1,231
15 years$3,381$2,894$2,468$2,097$1,777$1,039
16 years$3,137$2,655$2,237$1,878$1,570$879
17 years$2,922$2,445$2,036$1,687$1,392$745
18 years$2,730$2,259$1,858$1,520$1,238$634
19 years$2,560$2,094$1,701$1,374$1,104$539
20 years$2,406$1,946$1,561$1,244$986$460
21 years$2,268$1,813$1,436$1,129$882$393
22 years$2,142$1,692$1,324$1,027$791$336
23 years$2,027$1,582$1,222$935$710$287
24 years$1,922$1,483$1,130$853$638$246
25 years$1,825$1,391$1,047$779$574$210
26 years$1,736$1,308$971$712$517$180
27 years$1,654$1,231$902$652$466$155
28 years$1,578$1,160$838$597$421$133
29 years$1,507$1,094$780$548$380$114
30 years$1,441$1,033$727$503$343$98
31 years$1,380$977$677$462$310$84
32 years$1,322$924$632$424$281$72
33 years$1,268$875$590$390$254$62
34 years$1,217$829$551$359$230$53
35 years$1,169$787$515$330$208$46
36 years$1,124$747$482$304$189$39
37 years$1,082$709$451$280$171$34
38 years$1,042$674$423$258$155$29
39 years$1,004$641$396$238$141$25
40 years$968$610$371$220$128$21
41 years$934$580$348$203$116$18
42 years$901$553$326$187$105$16
43 years$871$527$306$173$95$14
44 years$841$502$288$160$87$12
45 years$813$479$270$147$79$10
46 years$787$457$254$136$71$9
47 years$761$436$238$126$65$7
48 years$737$416$224$116$59$6
49 years$714$397$210$107$53$5
50 years$691$380$198$99$49$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $708,000, adding $4,869 every year, while hoping to spend $52,566 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: 33/39/28 Blend
34$708,000$708,000$708,000$708,000
35$785,238$747,714$736,740$804,343
36$809,403$728,423$705,491$799,984
37$834,270$706,424$671,434$790,281
38$859,857$681,530$634,418$778,802
39$886,179$653,541$594,287$765,428
40$913,252$622,248$550,879$750,030
41$941,093$587,426$504,022$732,473
42$969,715$548,841$453,538$712,615
43$999,135$506,244$399,241$690,306
44$1,029,367$459,370$340,935$665,387
45$1,060,425$407,941$278,419$637,691
46$1,092,321$351,663$211,479$607,040
47$1,125,069$290,226$139,894$573,249
48$1,158,679$223,299$63,433$536,119
49$1,193,160$150,537$0$495,442
50$1,228,523$71,574$0$456,427
51$1,264,772$0$0$433,991
52$1,301,914$0$0$414,996
53$1,339,950$0$0$426,987
54$1,378,881$0$0$439,245
55$1,418,704$0$0$451,768
56$1,459,413$0$0$464,551
57$1,500,998$0$0$477,590
58$1,543,446$0$0$490,876
59$1,586,738$0$0$504,402
60$1,630,851$0$0$518,156
61$1,675,754$0$0$532,125
62$1,721,412$0$0$546,295
63$1,767,781$0$0$560,647
64$1,814,809$0$0$575,159
65$1,862,436$0$0$589,807
66$1,910,590$0$0$604,563
67$1,959,189$0$0$619,394
68$2,008,137$0$0$634,262
69$2,057,325$0$0$649,125
70$2,106,626$0$0$663,934
71$2,155,900$0$0$678,635
72$2,204,983$0$0$693,165
73$2,253,692$0$0$707,455
74$2,301,818$0$0$721,424
75$2,349,129$0$0$734,986
76$2,395,359$0$0$748,041
77$2,440,214$0$0$760,476
78$2,483,360$0$0$772,168
79$2,524,426$0$0$782,978
80$2,562,996$0$0$792,750
81$2,598,603$0$0$801,311
82$2,630,729$0$0$808,467
83$2,658,795$0$0$814,005
84$2,682,155$0$0$817,684
85$2,700,090$0$0$819,238
86$2,711,803$0$0$818,373
87$2,716,403$0$0$814,761
88$2,712,905$0$0$808,036
89$2,700,212$0$0$797,796
90$2,677,108$0$0$783,593
91$2,642,243$0$0$764,930
92$2,594,123$0$0$741,259
93$2,531,089$0$0$711,969
94$2,451,305$0$0$676,387
95$2,352,737$0$0$633,768
96$2,233,135$0$0$583,286
97$2,090,007$0$0$524,028
98$1,920,595$0$0$454,985
99$1,721,852$0$0$375,041
100$1,490,407$0$0$282,963