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%11.3%
1 years$58,796$58,273$57,762$57,263$56,776$56,465
2 years$29,107$28,565$28,040$27,530$27,036$26,723
3 years$19,212$18,668$18,143$17,639$17,153$16,846
4 years$14,265$13,723$13,204$12,708$12,234$11,936
5 years$11,298$10,759$10,247$9,761$9,300$9,013
6 years$9,321$8,785$8,281$7,806$7,359$7,082
7 years$7,909$7,378$6,881$6,418$5,984$5,719
8 years$6,850$6,324$5,836$5,384$4,965$4,709
9 years$6,028$5,506$5,027$4,586$4,181$3,936
10 years$5,370$4,854$4,382$3,953$3,562$3,328
11 years$4,832$4,321$3,858$3,440$3,064$2,840
12 years$4,384$3,878$3,424$3,017$2,655$2,441
13 years$4,005$3,505$3,059$2,664$2,315$2,111
14 years$3,681$3,186$2,749$2,365$2,030$1,835
15 years$3,400$2,910$2,482$2,109$1,787$1,602
16 years$3,154$2,670$2,250$1,888$1,579$1,404
17 years$2,938$2,459$2,047$1,697$1,400$1,234
18 years$2,746$2,272$1,869$1,529$1,245$1,087
19 years$2,574$2,106$1,711$1,382$1,110$960
20 years$2,420$1,957$1,570$1,251$991$850
21 years$2,280$1,823$1,444$1,136$887$753
22 years$2,154$1,701$1,331$1,033$795$669
23 years$2,038$1,591$1,229$940$714$595
24 years$1,933$1,491$1,137$858$642$529
25 years$1,836$1,399$1,053$783$577$471
26 years$1,746$1,315$976$716$520$420
27 years$1,664$1,238$907$656$469$375
28 years$1,587$1,166$843$601$423$335
29 years$1,516$1,100$784$551$382$300
30 years$1,449$1,039$731$505$345$268
31 years$1,387$982$681$464$312$240
32 years$1,329$929$636$427$282$214
33 years$1,275$880$593$392$255$192
34 years$1,224$834$554$361$231$172
35 years$1,176$791$518$332$209$154
36 years$1,131$751$485$306$190$138
37 years$1,088$713$454$282$172$124
38 years$1,048$678$425$260$156$111
39 years$1,010$645$398$240$141$100
40 years$973$613$373$221$128$89
41 years$939$584$350$204$116$80
42 years$906$556$328$188$106$72
43 years$875$530$308$174$96$65
44 years$846$505$289$160$87$58
45 years$818$481$272$148$79$52
46 years$791$459$255$137$72$47
47 years$765$438$240$126$65$42
48 years$741$418$225$117$59$38
49 years$718$400$212$108$54$34
50 years$695$382$199$100$49$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $712,000, adding $2,831 every year, while hoping to spend $51,786 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: 50/25/25 Blend
34$712,000$712,000$712,000$712,000
35$787,544$749,808$738,772$821,245
36$812,774$731,449$708,421$826,646
37$838,841$710,454$675,318$827,074
38$865,777$686,641$639,315$826,497
39$893,614$659,814$600,259$824,841
40$922,385$629,767$557,991$822,029
41$952,126$596,283$512,341$817,981
42$982,873$559,132$463,135$812,612
43$1,014,667$518,070$410,191$805,832
44$1,047,547$472,839$353,316$797,546
45$1,081,556$423,167$292,311$787,656
46$1,116,739$368,767$226,968$776,057
47$1,153,145$309,335$157,070$762,640
48$1,190,822$244,549$82,388$747,289
49$1,229,825$174,071$2,687$729,884
50$1,270,208$97,541$0$710,297
51$1,312,031$14,582$0$710,368
52$1,355,356$0$0$710,177
53$1,400,249$0$0$729,622
54$1,446,781$0$0$753,941
55$1,495,026$0$0$779,162
56$1,545,063$0$0$805,327
57$1,596,977$0$0$832,482
58$1,650,856$0$0$860,675
59$1,706,798$0$0$889,957
60$1,764,903$0$0$920,383
61$1,825,282$0$0$952,011
62$1,888,051$0$0$984,905
63$1,953,334$0$0$1,019,131
64$2,021,267$0$0$1,054,761
65$2,091,992$0$0$1,091,874
66$2,165,666$0$0$1,130,552
67$2,242,452$0$0$1,170,885
68$2,322,532$0$0$1,212,971
69$2,406,098$0$0$1,256,913
70$2,493,357$0$0$1,302,824
71$2,584,534$0$0$1,350,826
72$2,679,872$0$0$1,401,050
73$2,779,634$0$0$1,453,639
74$2,884,104$0$0$1,508,746
75$2,993,589$0$0$1,566,540
76$3,108,424$0$0$1,627,202
77$3,228,971$0$0$1,690,929
78$3,355,624$0$0$1,757,935
79$3,488,810$0$0$1,828,454
80$3,628,995$0$0$1,902,739
81$3,776,685$0$0$1,981,066
82$3,932,432$0$0$2,063,736
83$4,096,837$0$0$2,151,077
84$4,270,554$0$0$2,243,448
85$4,454,300$0$0$2,341,238
86$4,648,855$0$0$2,444,876
87$4,855,071$0$0$2,554,827
88$5,073,880$0$0$2,671,601
89$5,306,301$0$0$2,795,755
90$5,553,447$0$0$2,927,900
91$5,816,538$0$0$3,068,704
92$6,096,909$0$0$3,218,898
93$6,396,021$0$0$3,379,283
94$6,715,475$0$0$3,550,737
95$7,057,026$0$0$3,734,222
96$7,422,596$0$0$3,930,794
97$7,814,297$0$0$4,141,611
98$8,234,440$0$0$4,367,942
99$8,685,565$0$0$4,611,181
100$9,170,459$0$0$4,872,858