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%14.9%
1 years$59,705$59,173$58,654$58,148$57,653$56,489
2 years$29,557$29,006$28,473$27,956$27,454$26,286
3 years$19,509$18,956$18,424$17,911$17,418$16,283
4 years$14,486$13,935$13,408$12,904$12,423$11,329
5 years$11,473$10,925$10,405$9,912$9,443$8,395
6 years$9,465$8,921$8,409$7,926$7,472$6,469
7 years$8,031$7,492$6,988$6,517$6,077$5,120
8 years$6,956$6,422$5,926$5,467$5,041$4,130
9 years$6,121$5,591$5,104$4,656$4,246$3,380
10 years$5,453$4,929$4,450$4,014$3,617$2,796
11 years$4,906$4,388$3,918$3,493$3,111$2,333
12 years$4,452$3,938$3,477$3,064$2,696$1,960
13 years$4,067$3,559$3,106$2,705$2,351$1,656
14 years$3,738$3,235$2,791$2,401$2,061$1,405
15 years$3,452$2,955$2,520$2,142$1,815$1,197
16 years$3,203$2,711$2,285$1,918$1,604$1,023
17 years$2,983$2,497$2,079$1,723$1,422$876
18 years$2,788$2,307$1,898$1,553$1,264$753
19 years$2,614$2,138$1,737$1,403$1,127$648
20 years$2,457$1,987$1,594$1,271$1,007$558
21 years$2,316$1,851$1,467$1,153$901$481
22 years$2,187$1,728$1,352$1,049$807$416
23 years$2,070$1,616$1,248$955$725$360
24 years$1,963$1,514$1,154$871$651$311
25 years$1,864$1,421$1,069$795$586$270
26 years$1,773$1,335$992$727$528$234
27 years$1,689$1,257$921$666$476$203
28 years$1,611$1,184$856$610$430$176
29 years$1,539$1,117$796$559$388$153
30 years$1,472$1,055$742$513$350$133
31 years$1,409$997$692$471$317$115
32 years$1,350$944$645$433$287$100
33 years$1,295$894$603$398$259$87
34 years$1,243$847$563$367$235$76
35 years$1,194$803$526$337$213$66
36 years$1,148$763$492$311$193$57
37 years$1,105$724$461$286$175$50
38 years$1,064$688$432$264$158$43
39 years$1,025$655$404$243$144$38
40 years$988$623$379$224$130$33
41 years$954$593$355$207$118$28
42 years$920$565$333$191$107$25
43 years$889$538$313$176$97$22
44 years$859$513$294$163$88$19
45 years$830$489$276$150$80$16
46 years$803$466$259$139$73$14
47 years$777$445$243$128$66$12
48 years$752$425$229$119$60$11
49 years$729$406$215$110$55$9
50 years$706$388$202$101$50$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $723,000, adding $6,769 every year, while hoping to spend $26,423 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: 69/19/12 Blend
34$723,000$723,000$723,000$723,000
35$803,728$765,409$754,203$856,644
36$857,595$774,800$751,355$902,060
37$916,070$783,766$747,526$947,909
38$979,596$792,258$742,655$997,378
39$1,048,660$800,223$736,678$1,050,818
40$1,123,796$807,607$729,530$1,108,617
41$1,205,593$814,350$721,140$1,171,201
42$1,294,700$820,389$711,434$1,239,043
43$1,391,829$825,658$700,337$1,312,660
44$1,497,764$830,084$687,767$1,392,627
45$1,613,371$833,593$673,641$1,479,574
46$1,739,598$836,102$657,872$1,574,197
47$1,877,493$837,527$640,366$1,677,264
48$2,028,207$837,776$621,029$1,789,620
49$2,193,010$836,752$599,759$1,912,198
50$2,373,297$834,353$576,451$2,046,027
51$2,570,606$830,470$550,995$2,192,240
52$2,786,630$824,985$523,276$2,352,088
53$3,023,235$817,778$493,173$2,526,949
54$3,282,473$808,716$460,562$2,718,344
55$3,566,605$797,664$425,311$2,927,947
56$3,878,122$784,473$387,283$3,157,607
57$4,219,768$768,989$346,334$3,409,360
58$4,594,562$751,048$302,314$3,685,454
59$5,005,834$730,475$255,068$3,988,363
60$5,457,248$707,088$204,432$4,320,819
61$5,952,842$680,690$150,235$4,685,833
62$6,497,064$651,076$92,300$5,086,721
63$7,094,813$618,027$30,441$5,527,145
64$7,751,486$581,312$0$6,011,137
65$8,473,030$540,689$0$6,547,701
66$9,265,994$495,898$0$7,141,640
67$10,137,595$446,666$0$7,794,485
68$11,095,783$392,706$0$8,512,224
69$12,149,317$333,713$0$9,301,456
70$13,307,847$269,365$0$10,169,455
71$14,582,005$199,321$0$11,124,236
72$15,983,505$123,224$0$12,174,636
73$17,525,254$40,693$0$13,330,393
74$19,221,470$0$0$14,602,238
75$21,087,824$0$0$16,012,178
76$23,141,576$0$0$17,573,100
77$25,401,750$0$0$19,290,957
78$27,889,303$0$0$21,181,685
79$30,627,328$0$0$23,262,844
80$33,641,271$0$0$25,553,781
81$36,959,171$0$0$28,075,815
82$40,611,920$0$0$30,852,435
83$44,633,561$0$0$33,909,527
84$49,061,606$0$0$37,275,612
85$53,937,387$0$0$40,982,118
86$59,306,450$0$0$45,063,676
87$65,218,981$0$0$49,558,447
88$71,730,284$0$0$54,508,479
89$78,901,298$0$0$59,960,110
90$86,799,172$0$0$65,964,398
91$95,497,903$0$0$72,577,606
92$105,079,029$0$0$79,861,734
93$115,632,400$0$0$87,885,101
94$127,257,027$0$0$96,722,992
95$140,062,015$0$0$106,458,367
96$154,167,592$0$0$117,182,643
97$169,706,245$0$0$128,996,559
98$186,823,967$0$0$142,011,125
99$205,681,638$0$0$156,348,670
100$226,456,544$0$0$172,143,995