Can I retire at age 35 with 712,000?

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 $712,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$58,796$58,273$57,762$57,263$56,776$55,403
2 years$29,107$28,565$28,040$27,530$27,036$25,662
3 years$19,212$18,668$18,143$17,639$17,153$15,819
4 years$14,265$13,723$13,204$12,708$12,234$10,951
5 years$11,298$10,759$10,247$9,761$9,300$8,072
6 years$9,321$8,785$8,281$7,806$7,359$6,187
7 years$7,909$7,378$6,881$6,418$5,984$4,869
8 years$6,850$6,324$5,836$5,384$4,965$3,905
9 years$6,028$5,506$5,027$4,586$4,181$3,176
10 years$5,370$4,854$4,382$3,953$3,562$2,611
11 years$4,832$4,321$3,858$3,440$3,064$2,165
12 years$4,384$3,878$3,424$3,017$2,655$1,807
13 years$4,005$3,505$3,059$2,664$2,315$1,516
14 years$3,681$3,186$2,749$2,365$2,030$1,278
15 years$3,400$2,910$2,482$2,109$1,787$1,081
16 years$3,154$2,670$2,250$1,888$1,579$918
17 years$2,938$2,459$2,047$1,697$1,400$781
18 years$2,746$2,272$1,869$1,529$1,245$665
19 years$2,574$2,106$1,711$1,382$1,110$568
20 years$2,420$1,957$1,570$1,251$991$486
21 years$2,280$1,823$1,444$1,136$887$416
22 years$2,154$1,701$1,331$1,033$795$357
23 years$2,038$1,591$1,229$940$714$306
24 years$1,933$1,491$1,137$858$642$263
25 years$1,836$1,399$1,053$783$577$226
26 years$1,746$1,315$976$716$520$194
27 years$1,664$1,238$907$656$469$167
28 years$1,587$1,166$843$601$423$144
29 years$1,516$1,100$784$551$382$124
30 years$1,449$1,039$731$505$345$107
31 years$1,387$982$681$464$312$92
32 years$1,329$929$636$427$282$79
33 years$1,275$880$593$392$255$68
34 years$1,224$834$554$361$231$59
35 years$1,176$791$518$332$209$51
36 years$1,131$751$485$306$190$44
37 years$1,088$713$454$282$172$38
38 years$1,048$678$425$260$156$32
39 years$1,010$645$398$240$141$28
40 years$973$613$373$221$128$24
41 years$939$584$350$204$116$21
42 years$906$556$328$188$106$18
43 years$875$530$308$174$96$15
44 years$846$505$289$160$87$13
45 years$818$481$272$148$79$12
46 years$791$459$255$137$72$10
47 years$765$438$240$126$65$9
48 years$741$418$225$117$59$7
49 years$718$400$212$108$54$6
50 years$695$382$199$100$49$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $712,000, adding $6,986 every year, while hoping to spend $41,065 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: 60/13/27 Blend
34$712,000$712,000$712,000$712,000
35$791,830$754,094$743,058$833,188
36$828,904$747,352$724,258$855,436
37$868,383$738,903$703,451$874,686
38$910,469$728,620$680,528$894,824
39$955,384$716,369$655,372$915,943
40$1,003,369$702,008$627,864$938,152
41$1,054,691$685,384$597,875$961,571
42$1,109,640$666,339$565,275$986,332
43$1,168,537$644,703$529,925$1,012,587
44$1,231,731$620,296$491,680$1,040,501
45$1,299,606$592,930$450,391$1,070,262
46$1,372,586$562,403$405,898$1,102,077
47$1,451,132$528,504$358,039$1,136,178
48$1,535,755$491,008$306,640$1,172,823
49$1,627,012$449,677$251,523$1,212,299
50$1,725,518$404,262$192,499$1,254,925
51$1,831,946$354,496$129,374$1,301,057
52$1,947,039$300,101$61,942$1,351,090
53$2,071,610$240,779$0$1,405,462
54$2,206,556$176,219$0$1,467,549
55$2,352,861$106,090$0$1,554,235
56$2,511,609$30,044$0$1,648,326
57$2,683,989$0$0$1,750,558
58$2,871,312$0$0$1,869,224
59$3,075,019$0$0$2,002,993
60$3,296,696$0$0$2,148,614
61$3,538,086$0$0$2,307,239
62$3,801,109$0$0$2,480,138
63$4,087,879$0$0$2,668,706
64$4,400,719$0$0$2,874,478
65$4,742,189$0$0$3,099,147
66$5,115,105$0$0$3,344,573
67$5,522,570$0$0$3,612,806
68$5,967,996$0$0$3,906,102
69$6,455,142$0$0$4,226,946
70$6,988,148$0$0$4,578,071
71$7,571,569$0$0$4,962,491
72$8,210,424$0$0$5,383,521
73$8,910,238$0$0$5,844,814
74$9,677,098$0$0$6,350,393
75$10,517,705$0$0$6,904,687
76$11,439,440$0$0$7,512,575
77$12,450,434$0$0$8,179,432
78$13,559,640$0$0$8,911,176
79$14,776,923$0$0$9,714,328
80$16,113,145$0$0$10,596,069
81$17,580,275$0$0$11,564,310
82$19,191,495$0$0$12,627,766
83$20,961,327$0$0$13,796,037
84$22,905,770$0$0$15,079,699
85$25,042,447$0$0$16,490,404
86$27,390,775$0$0$18,040,987
87$29,972,142$0$0$19,745,588
88$32,810,116$0$0$21,619,789
89$35,930,659$0$0$23,680,753
90$39,362,375$0$0$25,947,391
91$43,136,780$0$0$28,440,538
92$47,288,597$0$0$31,183,153
93$51,856,084$0$0$34,200,526
94$56,881,391$0$0$37,520,528
95$62,410,963$0$0$41,173,863
96$68,495,973$0$0$45,194,366
97$75,192,806$0$0$49,619,314
98$82,563,588$0$0$54,489,782
99$90,676,775$0$0$59,851,032
100$99,607,796$0$0$65,752,933