Can I retire at age 35 with 742,000?

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 $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%16.2%
1 years$61,274$60,728$60,195$59,676$59,168$57,668
2 years$30,333$29,769$29,221$28,690$28,175$26,673
3 years$20,021$19,454$18,908$18,382$17,876$16,419
4 years$14,866$14,301$13,760$13,243$12,749$11,349
5 years$11,774$11,212$10,678$10,172$9,692$8,352
6 years$9,713$9,155$8,630$8,135$7,669$6,391
7 years$8,242$7,689$7,171$6,688$6,237$5,021
8 years$7,139$6,591$6,082$5,610$5,174$4,020
9 years$6,281$5,738$5,238$4,779$4,357$3,264
10 years$5,596$5,058$4,567$4,119$3,713$2,678
11 years$5,035$4,503$4,021$3,585$3,193$2,216
12 years$4,569$4,042$3,568$3,145$2,767$1,846
13 years$4,174$3,652$3,188$2,776$2,413$1,546
14 years$3,836$3,320$2,864$2,464$2,115$1,301
15 years$3,543$3,033$2,586$2,198$1,862$1,098
16 years$3,287$2,783$2,345$1,968$1,646$930
17 years$3,062$2,563$2,134$1,768$1,459$789
18 years$2,862$2,368$1,948$1,593$1,298$671
19 years$2,683$2,195$1,783$1,440$1,157$572
20 years$2,522$2,039$1,636$1,304$1,033$488
21 years$2,376$1,900$1,505$1,184$924$417
22 years$2,245$1,773$1,387$1,076$829$357
23 years$2,124$1,658$1,281$980$744$305
24 years$2,014$1,554$1,185$894$669$262
25 years$1,913$1,458$1,097$816$602$224
26 years$1,820$1,370$1,018$746$542$192
27 years$1,734$1,290$945$683$489$165
28 years$1,654$1,215$878$626$441$142
29 years$1,580$1,147$817$574$398$122
30 years$1,510$1,083$761$527$360$104
31 years$1,446$1,024$710$484$325$90
32 years$1,385$969$662$445$294$77
33 years$1,329$917$618$409$266$66
34 years$1,276$869$578$376$241$57
35 years$1,226$825$540$346$218$49
36 years$1,178$783$505$319$198$42
37 years$1,134$743$473$294$179$36
38 years$1,092$706$443$271$163$31
39 years$1,052$672$415$250$147$27
40 years$1,014$639$389$230$134$23
41 years$979$608$365$213$121$20
42 years$945$579$342$196$110$17
43 years$912$552$321$181$100$15
44 years$882$526$301$167$91$13
45 years$852$502$283$154$82$11
46 years$824$479$266$143$75$9
47 years$798$457$250$132$68$8
48 years$772$436$235$122$62$7
49 years$748$416$221$113$56$6
50 years$724$398$207$104$51$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $742,000, adding $4,131 every year, while hoping to spend $40,724 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: 50/21/29 Blend
34$742,000$742,000$742,000$742,000
35$821,945$782,619$771,118$856,108
36$862,454$777,637$753,621$875,466
37$905,729$771,047$734,172$892,126
38$952,010$762,725$712,664$909,448
39$1,001,560$752,544$688,983$927,513
40$1,054,667$740,365$663,011$946,414
41$1,111,644$726,045$634,624$966,255
42$1,172,840$709,429$603,692$987,156
43$1,238,634$690,355$570,079$1,009,249
44$1,309,442$668,651$533,645$1,032,684
45$1,385,724$644,133$494,241$1,057,629
46$1,467,983$616,610$451,712$1,084,272
47$1,556,770$585,878$405,898$1,112,824
48$1,652,694$551,719$356,629$1,143,523
49$1,756,422$513,906$303,729$1,176,634
50$1,868,687$472,198$247,015$1,212,451
51$1,990,297$426,339$186,293$1,251,306
52$2,122,137$376,060$121,364$1,293,568
53$2,265,184$321,075$52,018$1,339,649
54$2,420,508$261,084$0$1,390,008
55$2,589,290$195,767$0$1,451,960
56$2,772,828$124,790$0$1,536,891
57$2,972,548$47,796$0$1,629,396
58$3,190,022$0$0$1,730,256
59$3,426,978$0$0$1,848,562
60$3,685,319$0$0$1,989,656
61$3,967,136$0$0$2,143,648
62$4,274,736$0$0$2,311,804
63$4,610,653$0$0$2,495,522
64$4,977,681$0$0$2,696,339
65$5,378,893$0$0$2,915,946
66$5,817,673$0$0$3,156,208
67$6,297,748$0$0$3,419,175
68$6,823,221$0$0$3,707,108
69$7,398,610$0$0$4,022,494
70$8,028,891$0$0$4,368,073
71$8,719,542$0$0$4,746,863
72$9,476,598$0$0$5,162,186
73$10,306,706$0$0$5,617,704
74$11,217,184$0$0$6,117,447
75$12,216,096$0$0$6,665,856
76$13,312,322$0$0$7,267,822
77$14,515,644$0$0$7,928,733
78$15,836,836$0$0$8,654,525
79$17,287,769$0$0$9,451,734
80$18,881,518$0$0$10,327,564
81$20,632,487$0$0$11,289,949
82$22,556,543$0$0$12,347,630
83$24,671,170$0$0$13,510,237
84$26,995,624$0$0$14,788,379
85$29,551,125$0$0$16,193,744
86$32,361,048$0$0$17,739,210
87$35,451,148$0$0$19,438,966
88$38,849,800$0$0$21,308,643
89$42,588,268$0$0$23,365,465
90$46,700,997$0$0$25,628,407
91$51,225,940$0$0$28,118,380
92$56,204,912$0$0$30,858,419
93$61,683,987$0$0$33,873,909
94$67,713,933$0$0$37,192,819
95$74,350,686$0$0$40,845,967
96$81,655,880$0$0$44,867,310
97$89,697,429$0$0$49,294,263
98$98,550,165$0$0$54,168,056
99$108,296,543$0$0$59,534,119
100$119,027,421$0$0$65,442,508