Can I retire at age 35 with 723,000?

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 $723,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$59,705$59,173$58,654$58,148$57,653$55,519
2 years$29,557$29,006$28,473$27,956$27,454$25,328
3 years$19,509$18,956$18,424$17,911$17,418$15,367
4 years$14,486$13,935$13,408$12,904$12,423$10,462
5 years$11,473$10,925$10,405$9,912$9,443$7,579
6 years$9,465$8,921$8,409$7,926$7,472$5,705
7 years$8,031$7,492$6,988$6,517$6,077$4,406
8 years$6,956$6,422$5,926$5,467$5,041$3,466
9 years$6,121$5,591$5,104$4,656$4,246$2,763
10 years$5,453$4,929$4,450$4,014$3,617$2,225
11 years$4,906$4,388$3,918$3,493$3,111$1,806
12 years$4,452$3,938$3,477$3,064$2,696$1,475
13 years$4,067$3,559$3,106$2,705$2,351$1,210
14 years$3,738$3,235$2,791$2,401$2,061$997
15 years$3,452$2,955$2,520$2,142$1,815$824
16 years$3,203$2,711$2,285$1,918$1,604$683
17 years$2,983$2,497$2,079$1,723$1,422$567
18 years$2,788$2,307$1,898$1,553$1,264$472
19 years$2,614$2,138$1,737$1,403$1,127$393
20 years$2,457$1,987$1,594$1,271$1,007$328
21 years$2,316$1,851$1,467$1,153$901$273
22 years$2,187$1,728$1,352$1,049$807$228
23 years$2,070$1,616$1,248$955$725$191
24 years$1,963$1,514$1,154$871$651$160
25 years$1,864$1,421$1,069$795$586$134
26 years$1,773$1,335$992$727$528$112
27 years$1,689$1,257$921$666$476$94
28 years$1,611$1,184$856$610$430$79
29 years$1,539$1,117$796$559$388$66
30 years$1,472$1,055$742$513$350$55
31 years$1,409$997$692$471$317$46
32 years$1,350$944$645$433$287$39
33 years$1,295$894$603$398$259$33
34 years$1,243$847$563$367$235$27
35 years$1,194$803$526$337$213$23
36 years$1,148$763$492$311$193$19
37 years$1,105$724$461$286$175$16
38 years$1,064$688$432$264$158$13
39 years$1,025$655$404$243$144$11
40 years$988$623$379$224$130$9
41 years$954$593$355$207$118$8
42 years$920$565$333$191$107$7
43 years$889$538$313$176$97$6
44 years$859$513$294$163$88$5
45 years$830$489$276$150$80$4
46 years$803$466$259$139$73$3
47 years$777$445$243$128$66$3
48 years$752$425$229$119$60$2
49 years$729$406$215$110$55$2
50 years$706$388$202$101$50$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $723,000, adding $5,401 every year, while hoping to spend $36,610 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: 49/28/23 Blend
34$723,000$723,000$723,000$723,000
35$802,317$763,998$752,792$836,181
36$845,201$762,481$739,057$858,807
37$891,231$759,663$723,636$879,256
38$940,692$755,441$706,432$900,725
39$993,891$749,707$687,347$923,324
40$1,051,170$742,345$666,275$947,178
41$1,112,903$733,233$643,109$972,429
42$1,179,500$722,242$617,734$999,232
43$1,251,411$709,234$590,030$1,027,762
44$1,329,133$694,065$559,874$1,058,216
45$1,413,210$676,579$527,135$1,090,810
46$1,504,241$656,615$491,678$1,125,788
47$1,602,884$633,999$453,359$1,163,422
48$1,709,862$608,550$412,031$1,204,012
49$1,825,972$580,073$367,538$1,247,896
50$1,952,089$548,364$319,719$1,295,447
51$2,089,176$513,208$268,403$1,347,082
52$2,238,292$474,374$213,414$1,403,264
53$2,400,602$431,623$154,568$1,464,507
54$2,577,389$384,698$91,671$1,531,383
55$2,770,063$333,330$24,523$1,604,528
56$2,980,179$277,232$0$1,684,645
57$3,209,445$216,104$0$1,784,086
58$3,459,743$149,627$0$1,899,324
59$3,733,143$77,466$0$2,025,356
60$4,031,927$0$0$2,163,308
61$4,358,603$0$0$2,314,650
62$4,715,936$0$0$2,506,377
63$5,106,969$0$0$2,716,262
64$5,535,052$0$0$2,946,115
65$6,003,876$0$0$3,197,925
66$6,517,503$0$0$3,473,886
67$7,080,409$0$0$3,776,413
68$7,697,523$0$0$4,108,166
69$8,374,272$0$0$4,472,074
70$9,116,635$0$0$4,871,364
71$9,931,197$0$0$5,309,591
72$10,825,210$0$0$5,790,669
73$11,806,666$0$0$6,318,912
74$12,884,365$0$0$6,899,070
75$14,068,002$0$0$7,536,376
76$15,368,257$0$0$8,236,595
77$16,796,895$0$0$9,006,080
78$18,366,879$0$0$9,851,826
79$20,092,486$0$0$10,781,543
80$21,989,450$0$0$11,803,724
81$24,075,101$0$0$12,927,724
82$26,368,534$0$0$14,163,854
83$28,890,788$0$0$15,523,469
84$31,665,040$0$0$17,019,085
85$34,716,829$0$0$18,664,489
86$38,074,292$0$0$20,474,872
87$41,768,430$0$0$22,466,971
88$45,833,404$0$0$24,659,231
89$50,306,850$0$0$27,071,971
90$55,230,238$0$0$29,727,581
91$60,649,262$0$0$32,650,733
92$66,614,272$0$0$35,868,611
93$73,180,744$0$0$39,411,169
94$80,409,808$0$0$43,311,413
95$88,368,823$0$0$47,605,711
96$97,132,010$0$0$52,334,138
97$106,781,153$0$0$57,540,854
98$117,406,371$0$0$63,274,516
99$129,106,969$0$0$69,588,743
100$141,992,369$0$0$76,542,619