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%17%
1 years$58,466$57,945$57,437$56,941$56,457$54,848
2 years$28,944$28,405$27,882$27,376$26,884$25,275
3 years$19,104$18,563$18,042$17,540$17,056$15,498
4 years$14,185$13,646$13,130$12,636$12,165$10,670
5 years$11,235$10,698$10,189$9,706$9,248$7,819
6 years$9,268$8,736$8,234$7,762$7,317$5,957
7 years$7,864$7,336$6,843$6,382$5,951$4,659
8 years$6,812$6,289$5,803$5,353$4,937$3,713
9 years$5,994$5,475$4,998$4,560$4,158$3,000
10 years$5,339$4,826$4,358$3,931$3,542$2,449
11 years$4,805$4,297$3,836$3,421$3,047$2,016
12 years$4,359$3,856$3,405$3,001$2,640$1,671
13 years$3,983$3,485$3,042$2,649$2,302$1,392
14 years$3,660$3,168$2,733$2,351$2,018$1,164
15 years$3,381$2,894$2,468$2,097$1,777$977
16 years$3,137$2,655$2,237$1,878$1,570$823
17 years$2,922$2,445$2,036$1,687$1,392$694
18 years$2,730$2,259$1,858$1,520$1,238$587
19 years$2,560$2,094$1,701$1,374$1,104$497
20 years$2,406$1,946$1,561$1,244$986$422
21 years$2,268$1,813$1,436$1,129$882$358
22 years$2,142$1,692$1,324$1,027$791$304
23 years$2,027$1,582$1,222$935$710$259
24 years$1,922$1,483$1,130$853$638$220
25 years$1,825$1,391$1,047$779$574$188
26 years$1,736$1,308$971$712$517$160
27 years$1,654$1,231$902$652$466$136
28 years$1,578$1,160$838$597$421$116
29 years$1,507$1,094$780$548$380$99
30 years$1,441$1,033$727$503$343$85
31 years$1,380$977$677$462$310$72
32 years$1,322$924$632$424$281$62
33 years$1,268$875$590$390$254$53
34 years$1,217$829$551$359$230$45
35 years$1,169$787$515$330$208$38
36 years$1,124$747$482$304$189$33
37 years$1,082$709$451$280$171$28
38 years$1,042$674$423$258$155$24
39 years$1,004$641$396$238$141$20
40 years$968$610$371$220$128$17
41 years$934$580$348$203$116$15
42 years$901$553$326$187$105$13
43 years$871$527$306$173$95$11
44 years$841$502$288$160$87$9
45 years$813$479$270$147$79$8
46 years$787$457$254$136$71$7
47 years$761$436$238$126$65$6
48 years$737$416$224$116$59$5
49 years$714$397$210$107$53$4
50 years$691$380$198$99$49$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $708,000, adding $4,429 every year, while hoping to spend $45,812 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: 57/21/22 Blend
34$708,000$708,000$708,000$708,000
35$784,785$747,261$736,287$824,632
36$816,089$735,133$712,208$840,190
37$849,051$720,875$685,788$851,863
38$883,791$704,335$656,900$863,593
39$920,442$685,351$625,409$875,396
40$959,145$663,752$591,179$887,294
41$1,000,058$639,356$554,063$899,312
42$1,043,351$611,971$513,912$911,480
43$1,089,210$581,396$470,565$923,835
44$1,137,840$547,414$423,859$936,421
45$1,189,462$509,799$373,621$949,287
46$1,244,319$468,312$319,669$962,493
47$1,302,678$422,698$261,817$976,107
48$1,364,831$372,689$199,867$990,209
49$1,431,095$318,002$133,614$1,004,890
50$1,501,820$258,338$62,843$1,020,254
51$1,577,388$193,379$0$1,036,423
52$1,658,220$122,793$0$1,056,509
53$1,744,775$46,226$0$1,093,629
54$1,837,557$0$0$1,133,248
55$1,937,119$0$0$1,184,107
56$2,044,069$0$0$1,250,257
57$2,159,072$0$0$1,321,434
58$2,282,861$0$0$1,398,096
59$2,416,239$0$0$1,480,746
60$2,560,088$0$0$1,569,938
61$2,715,377$0$0$1,666,280
62$2,883,172$0$0$1,770,438
63$3,064,643$0$0$1,883,149
64$3,261,077$0$0$2,005,218
65$3,473,888$0$0$2,137,532
66$3,704,631$0$0$2,281,068
67$3,955,017$0$0$2,436,897
68$4,226,926$0$0$2,606,201
69$4,522,428$0$0$2,790,277
70$4,843,799$0$0$2,990,554
71$5,193,541$0$0$3,208,603
72$5,574,412$0$0$3,446,152
73$5,989,441$0$0$3,705,105
74$6,441,967$0$0$3,987,555
75$6,935,660$0$0$4,295,808
76$7,474,564$0$0$4,632,401
77$8,063,127$0$0$5,000,127
78$8,706,247$0$0$5,402,060
79$9,409,317$0$0$5,841,586
80$10,178,273$0$0$6,322,432
81$11,019,654$0$0$6,848,702
82$11,940,655$0$0$7,424,915
83$12,949,205$0$0$8,056,047
84$14,054,030$0$0$8,747,579
85$15,264,744$0$0$9,505,547
86$16,591,932$0$0$10,336,597
87$18,047,254$0$0$11,248,051
88$19,643,552$0$0$12,247,973
89$21,394,970$0$0$13,345,245
90$23,317,088$0$0$14,549,649
91$25,427,066$0$0$15,871,963
92$27,743,809$0$0$17,324,058
93$30,288,139$0$0$18,919,012
94$33,082,997$0$0$20,671,229
95$36,153,652$0$0$22,596,580
96$39,527,945$0$0$24,712,549
97$43,236,543$0$0$27,038,398
98$47,313,236$0$0$29,595,345
99$51,795,249$0$0$32,406,771
100$56,723,593$0$0$35,498,432