Can I retire at age 35 with 709,000?

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 $709,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$58,549$58,027$57,518$57,022$56,537$56,251
2 years$28,984$28,445$27,921$27,414$26,922$26,634
3 years$19,131$18,589$18,067$17,565$17,081$16,799
4 years$14,205$13,665$13,148$12,654$12,182$11,909
5 years$11,251$10,713$10,204$9,720$9,261$8,996
6 years$9,281$8,748$8,246$7,773$7,328$7,073
7 years$7,875$7,347$6,852$6,391$5,959$5,714
8 years$6,821$6,298$5,811$5,361$4,944$4,709
9 years$6,002$5,483$5,005$4,566$4,163$3,938
10 years$5,347$4,833$4,364$3,936$3,547$3,332
11 years$4,811$4,303$3,842$3,426$3,051$2,845
12 years$4,365$3,862$3,410$3,005$2,644$2,447
13 years$3,988$3,490$3,046$2,653$2,305$2,118
14 years$3,665$3,172$2,737$2,355$2,021$1,842
15 years$3,386$2,898$2,471$2,100$1,779$1,609
16 years$3,141$2,659$2,240$1,880$1,573$1,411
17 years$2,926$2,449$2,039$1,690$1,394$1,241
18 years$2,734$2,263$1,861$1,523$1,240$1,094
19 years$2,563$2,097$1,704$1,376$1,105$967
20 years$2,410$1,949$1,564$1,246$987$856
21 years$2,271$1,815$1,438$1,131$883$760
22 years$2,145$1,694$1,326$1,028$792$675
23 years$2,030$1,585$1,224$936$711$600
24 years$1,925$1,485$1,132$854$639$535
25 years$1,828$1,393$1,048$780$575$477
26 years$1,739$1,310$972$713$518$426
27 years$1,657$1,232$903$653$467$380
28 years$1,580$1,161$839$598$421$340
29 years$1,509$1,096$781$548$380$304
30 years$1,443$1,035$728$503$344$272
31 years$1,382$978$678$462$311$244
32 years$1,324$925$633$425$281$218
33 years$1,270$876$591$391$254$196
34 years$1,219$831$552$359$230$175
35 years$1,171$788$516$331$209$157
36 years$1,126$748$483$305$189$141
37 years$1,084$710$452$281$171$127
38 years$1,043$675$423$259$155$114
39 years$1,005$642$397$239$141$102
40 years$969$611$372$220$128$91
41 years$935$581$348$203$116$82
42 years$903$554$327$187$105$74
43 years$872$527$307$173$95$66
44 years$842$503$288$160$87$60
45 years$814$479$270$148$79$53
46 years$788$457$254$136$71$48
47 years$762$436$239$126$65$43
48 years$738$417$224$116$59$39
49 years$715$398$211$108$53$35
50 years$692$380$198$99$49$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $709,000, adding $4,189 every year, while hoping to spend $29,335 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: 42/47/11 Blend
34$709,000$709,000$709,000$709,000
35$785,639$748,062$737,072$815,936
36$834,562$753,505$730,552$842,993
37$887,492$758,231$722,830$869,012
38$944,806$762,175$713,836$896,532
39$1,006,921$765,266$703,493$925,702
40$1,074,292$767,429$691,726$956,688
41$1,147,422$768,585$678,451$989,673
42$1,226,864$768,650$663,583$1,024,864
43$1,313,224$767,534$647,033$1,062,485
44$1,407,171$765,141$628,707$1,102,789
45$1,509,440$761,372$608,507$1,146,056
46$1,620,842$756,117$586,330$1,192,596
47$1,742,265$749,265$562,070$1,242,753
48$1,874,691$740,694$535,614$1,296,908
49$2,019,198$730,276$506,846$1,355,484
50$2,176,974$717,877$475,642$1,418,950
51$2,349,324$703,352$441,875$1,487,826
52$2,537,689$686,550$405,412$1,562,689
53$2,743,652$667,310$366,112$1,644,175
54$2,968,957$645,461$323,830$1,732,992
55$3,215,526$620,823$278,413$1,829,923
56$3,485,472$593,206$229,702$1,935,835
57$3,781,124$562,407$177,531$2,051,686
58$4,105,047$528,214$121,727$2,178,539
59$4,460,065$490,399$62,108$2,317,570
60$4,849,289$448,726$0$2,470,078
61$5,276,144$402,941$0$2,637,681
62$5,744,403$352,777$0$2,829,584
63$6,258,222$297,953$0$3,040,273
64$6,822,180$238,172$0$3,271,721
65$7,441,318$173,118$0$3,526,106
66$8,121,191$102,460$0$3,805,835
67$8,867,919$25,847$0$4,113,568
68$9,688,241$0$0$4,452,241
69$10,589,584$0$0$4,854,626
70$11,580,127$0$0$5,311,620
71$12,668,884$0$0$5,814,024
72$13,865,783$0$0$6,366,433
73$15,181,763$0$0$6,973,908
74$16,628,875$0$0$7,642,026
75$18,220,398$0$0$8,376,930
76$19,970,961$0$0$9,185,390
77$21,896,681$0$0$10,074,865
78$24,015,319$0$0$11,053,571
79$26,346,441$0$0$12,130,565
80$28,911,606$0$0$13,315,822
81$31,734,569$0$0$14,620,335
82$34,841,506$0$0$16,056,217
83$38,261,255$0$0$17,636,814
84$42,025,595$0$0$19,376,833
85$46,169,541$0$0$21,292,476
86$50,731,675$0$0$23,401,601
87$55,754,512$0$0$25,723,880
88$61,284,896$0$0$28,280,995
89$67,374,447$0$0$31,096,834
90$74,080,046$0$0$34,197,720
91$81,464,367$0$0$37,612,660
92$89,596,476$0$0$41,373,618
93$98,552,477$0$0$45,515,814
94$108,416,230$0$0$50,078,060
95$119,280,146$0$0$55,103,123
96$131,246,052$0$0$60,638,132
97$144,426,160$0$0$66,735,018
98$158,944,119$0$0$73,451,008
99$174,936,185$0$0$80,849,162
100$192,552,503$0$0$88,998,973