Can I retire at age 35 with 742,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $742,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$61,274$60,728$60,195$59,676$59,168$56,798
2 years$30,333$29,769$29,221$28,690$28,175$25,817
3 years$20,021$19,454$18,908$18,382$17,876$15,604
4 years$14,866$14,301$13,760$13,243$12,749$10,581
5 years$11,774$11,212$10,678$10,172$9,692$7,633
6 years$9,713$9,155$8,630$8,135$7,669$5,720
7 years$8,242$7,689$7,171$6,688$6,237$4,398
8 years$7,139$6,591$6,082$5,610$5,174$3,443
9 years$6,281$5,738$5,238$4,779$4,357$2,731
10 years$5,596$5,058$4,567$4,119$3,713$2,188
11 years$5,035$4,503$4,021$3,585$3,193$1,767
12 years$4,569$4,042$3,568$3,145$2,767$1,435
13 years$4,174$3,652$3,188$2,776$2,413$1,171
14 years$3,836$3,320$2,864$2,464$2,115$959
15 years$3,543$3,033$2,586$2,198$1,862$788
16 years$3,287$2,783$2,345$1,968$1,646$650
17 years$3,062$2,563$2,134$1,768$1,459$536
18 years$2,862$2,368$1,948$1,593$1,298$443
19 years$2,683$2,195$1,783$1,440$1,157$367
20 years$2,522$2,039$1,636$1,304$1,033$304
21 years$2,376$1,900$1,505$1,184$924$252
22 years$2,245$1,773$1,387$1,076$829$210
23 years$2,124$1,658$1,281$980$744$174
24 years$2,014$1,554$1,185$894$669$145
25 years$1,913$1,458$1,097$816$602$120
26 years$1,820$1,370$1,018$746$542$100
27 years$1,734$1,290$945$683$489$83
28 years$1,654$1,215$878$626$441$69
29 years$1,580$1,147$817$574$398$58
30 years$1,510$1,083$761$527$360$48
31 years$1,446$1,024$710$484$325$40
32 years$1,385$969$662$445$294$33
33 years$1,329$917$618$409$266$28
34 years$1,276$869$578$376$241$23
35 years$1,226$825$540$346$218$19
36 years$1,178$783$505$319$198$16
37 years$1,134$743$473$294$179$13
38 years$1,092$706$443$271$163$11
39 years$1,052$672$415$250$147$9
40 years$1,014$639$389$230$134$8
41 years$979$608$365$213$121$6
42 years$945$579$342$196$110$5
43 years$912$552$321$181$100$4
44 years$882$526$301$167$91$4
45 years$852$502$283$154$82$3
46 years$824$479$266$143$75$3
47 years$798$457$250$132$68$2
48 years$772$436$235$122$62$2
49 years$748$416$221$113$56$1
50 years$724$398$207$104$51$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $742,000, adding $3,502 every year, while hoping to spend $43,033 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: 69/9/22 Blend
34$742,000$742,000$742,000$742,000
35$821,296$781,970$770,469$873,208
36$859,282$774,500$750,493$900,903
37$899,699$765,222$728,406$925,856
38$942,752$754,001$704,091$952,127
39$988,661$740,695$677,426$979,842
40$1,037,671$725,155$648,286$1,009,145
41$1,090,046$707,221$616,536$1,040,192
42$1,146,079$686,723$582,039$1,073,159
43$1,206,091$663,484$544,649$1,108,238
44$1,270,432$637,314$504,214$1,145,644
45$1,339,487$608,014$460,576$1,185,616
46$1,413,679$575,371$413,570$1,228,417
47$1,493,472$539,162$363,022$1,274,340
48$1,579,375$499,149$308,752$1,323,709
49$1,671,947$455,084$250,572$1,376,882
50$1,771,804$406,701$188,284$1,434,258
51$1,879,619$353,721$121,683$1,496,277
52$1,996,135$295,848$50,554$1,563,426
53$2,122,167$232,771$0$1,636,244
54$2,258,610$164,159$0$1,721,281
55$2,406,450$89,664$0$1,826,296
56$2,566,770$8,919$0$1,940,200
57$2,740,760$0$0$2,063,859
58$2,929,731$0$0$2,206,003
59$3,135,124$0$0$2,361,495
60$3,358,523$0$0$2,530,659
61$3,601,673$0$0$2,714,817
62$3,866,493$0$0$2,915,431
63$4,155,094$0$0$3,134,103
64$4,469,800$0$0$3,372,601
65$4,813,169$0$0$3,632,868
66$5,188,016$0$0$3,917,045
67$5,597,441$0$0$4,227,487
68$6,044,854$0$0$4,566,787
69$6,534,013$0$0$4,937,802
70$7,069,053$0$0$5,343,673
71$7,654,526$0$0$5,787,864
72$8,295,448$0$0$6,274,184
73$8,997,338$0$0$6,806,832
74$9,766,278$0$0$7,390,429
75$10,608,962$0$0$8,030,067
76$11,532,766$0$0$8,731,350
77$12,545,811$0$0$9,500,454
78$13,657,042$0$0$10,344,180
79$14,876,314$0$0$11,270,018
80$16,214,478$0$0$12,286,220
81$17,683,489$0$0$13,401,874
82$19,296,517$0$0$14,626,993
83$21,068,066$0$0$15,972,604
84$23,014,118$0$0$17,450,858
85$25,152,275$0$0$19,075,139
86$27,501,933$0$0$20,860,192
87$30,084,455$0$0$22,822,261
88$32,923,381$0$0$24,979,242
89$36,044,641$0$0$27,350,852
90$39,476,807$0$0$29,958,815
91$43,251,356$0$0$32,827,061
92$47,402,968$0$0$35,981,962
93$51,969,854$0$0$39,452,567
94$56,994,113$0$0$43,270,889
95$62,522,132$0$0$47,472,196
96$68,605,019$0$0$52,095,347
97$75,299,088$0$0$57,183,162
98$82,666,387$0$0$62,782,817
99$90,775,285$0$0$68,946,296
100$99,701,114$0$0$75,730,879