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%17.3%
1 years$58,466$57,945$57,437$56,941$56,457$54,781
2 years$28,944$28,405$27,882$27,376$26,884$25,210
3 years$19,104$18,563$18,042$17,540$17,056$15,436
4 years$14,185$13,646$13,130$12,636$12,165$10,611
5 years$11,235$10,698$10,189$9,706$9,248$7,764
6 years$9,268$8,736$8,234$7,762$7,317$5,905
7 years$7,864$7,336$6,843$6,382$5,951$4,611
8 years$6,812$6,289$5,803$5,353$4,937$3,667
9 years$5,994$5,475$4,998$4,560$4,158$2,958
10 years$5,339$4,826$4,358$3,931$3,542$2,411
11 years$4,805$4,297$3,836$3,421$3,047$1,981
12 years$4,359$3,856$3,405$3,001$2,640$1,638
13 years$3,983$3,485$3,042$2,649$2,302$1,362
14 years$3,660$3,168$2,733$2,351$2,018$1,137
15 years$3,381$2,894$2,468$2,097$1,777$952
16 years$3,137$2,655$2,237$1,878$1,570$800
17 years$2,922$2,445$2,036$1,687$1,392$674
18 years$2,730$2,259$1,858$1,520$1,238$568
19 years$2,560$2,094$1,701$1,374$1,104$480
20 years$2,406$1,946$1,561$1,244$986$406
21 years$2,268$1,813$1,436$1,129$882$344
22 years$2,142$1,692$1,324$1,027$791$292
23 years$2,027$1,582$1,222$935$710$248
24 years$1,922$1,483$1,130$853$638$210
25 years$1,825$1,391$1,047$779$574$179
26 years$1,736$1,308$971$712$517$152
27 years$1,654$1,231$902$652$466$129
28 years$1,578$1,160$838$597$421$110
29 years$1,507$1,094$780$548$380$94
30 years$1,441$1,033$727$503$343$80
31 years$1,380$977$677$462$310$68
32 years$1,322$924$632$424$281$58
33 years$1,268$875$590$390$254$49
34 years$1,217$829$551$359$230$42
35 years$1,169$787$515$330$208$36
36 years$1,124$747$482$304$189$30
37 years$1,082$709$451$280$171$26
38 years$1,042$674$423$258$155$22
39 years$1,004$641$396$238$141$19
40 years$968$610$371$220$128$16
41 years$934$580$348$203$116$14
42 years$901$553$326$187$105$12
43 years$871$527$306$173$95$10
44 years$841$502$288$160$87$8
45 years$813$479$270$147$79$7
46 years$787$457$254$136$71$6
47 years$761$436$238$126$65$5
48 years$737$416$224$116$59$4
49 years$714$397$210$107$53$4
50 years$691$380$198$99$49$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $708,000, adding $4,217 every year, while hoping to spend $37,322 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: 55/15/30 Blend
34$708,000$708,000$708,000$708,000
35$784,566$747,042$736,068$820,971
36$824,881$743,937$721,016$843,489
37$868,058$739,428$704,209$863,829
38$914,348$733,409$685,548$885,248
39$964,030$725,763$664,932$907,863
40$1,017,405$716,371$642,252$931,805
41$1,074,809$705,101$617,396$957,221
42$1,136,608$691,819$590,246$984,277
43$1,203,203$676,380$560,681$1,013,155
44$1,275,037$658,629$528,571$1,044,059
45$1,352,595$638,406$493,782$1,077,216
46$1,436,410$615,539$456,174$1,112,880
47$1,527,068$589,845$415,600$1,151,330
48$1,625,214$561,132$371,908$1,192,881
49$1,731,556$529,198$324,937$1,237,881
50$1,846,873$493,827$274,521$1,286,715
51$1,972,022$454,792$220,485$1,339,813
52$2,107,943$411,852$162,647$1,397,652
53$2,255,674$364,754$100,816$1,460,761
54$2,416,355$313,228$34,795$1,529,728
55$2,591,239$256,992$0$1,605,204
56$2,781,705$195,745$0$1,699,325
57$2,989,274$129,171$0$1,814,107
58$3,215,616$56,936$0$1,939,359
59$3,462,569$0$0$2,076,140
60$3,732,159$0$0$2,229,135
61$4,026,614$0$0$2,406,567
62$4,348,387$0$0$2,600,524
63$4,700,180$0$0$2,812,642
64$5,084,966$0$0$3,044,722
65$5,506,018$0$0$3,298,748
66$5,966,944$0$0$3,576,903
67$6,471,711$0$0$3,881,594
68$7,024,694$0$0$4,215,468
69$7,630,706$0$0$4,581,443
70$8,295,051$0$0$4,982,731
71$9,023,568$0$0$5,422,871
72$9,822,690$0$0$5,905,760
73$10,699,502$0$0$6,435,691
74$11,661,809$0$0$7,017,392
75$12,718,205$0$0$7,656,073
76$13,878,162$0$0$8,357,471
77$15,152,108$0$0$9,127,907
78$16,551,537$0$0$9,974,343
79$18,089,105$0$0$10,904,450
80$19,778,758$0$0$11,926,679
81$21,635,860$0$0$13,050,340
82$23,677,336$0$0$14,285,689
83$25,921,832$0$0$15,644,027
84$28,389,894$0$0$17,137,802
85$31,104,156$0$0$18,780,733
86$34,089,554$0$0$20,587,930
87$37,373,565$0$0$22,576,047
88$40,986,462$0$0$24,763,427
89$44,961,600$0$0$27,170,287
90$49,335,729$0$0$29,818,897
91$54,149,343$0$0$32,733,798
92$59,447,058$0$0$35,942,031
93$65,278,037$0$0$39,473,389
94$71,696,448$0$0$43,360,701
95$78,761,978$0$0$47,640,142
96$86,540,396$0$0$52,351,570
97$95,104,170$0$0$57,538,906
98$104,533,155$0$0$63,250,545
99$114,915,338$0$0$69,539,817
100$126,347,679$0$0$76,465,481