Can I retire at age 35 with 898,000?

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 $898,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$74,156$73,495$72,851$72,222$71,608$69,905
2 years$36,711$36,027$35,365$34,722$34,099$32,393
3 years$24,231$23,544$22,883$22,247$21,634$19,979
4 years$17,992$17,307$16,653$16,028$15,429$13,838
5 years$14,250$13,569$12,924$12,311$11,729$10,205
6 years$11,756$11,080$10,444$9,845$9,281$7,826
7 years$9,975$9,305$8,679$8,094$7,548$6,163
8 years$8,640$7,976$7,361$6,790$6,262$4,945
9 years$7,602$6,945$6,340$5,784$5,273$4,025
10 years$6,772$6,122$5,527$4,985$4,493$3,311
11 years$6,094$5,450$4,866$4,339$3,864$2,747
12 years$5,529$4,891$4,318$3,806$3,349$2,294
13 years$5,051$4,420$3,858$3,360$2,920$1,927
14 years$4,642$4,018$3,467$2,983$2,560$1,625
15 years$4,288$3,670$3,130$2,660$2,254$1,376
16 years$3,978$3,368$2,838$2,382$1,992$1,168
17 years$3,706$3,101$2,582$2,140$1,766$994
18 years$3,463$2,866$2,357$1,928$1,570$848
19 years$3,247$2,656$2,158$1,743$1,400$725
20 years$3,052$2,468$1,980$1,578$1,250$620
21 years$2,876$2,299$1,822$1,432$1,119$532
22 years$2,716$2,146$1,679$1,302$1,003$456
23 years$2,571$2,007$1,550$1,186$900$392
24 years$2,438$1,881$1,434$1,082$809$337
25 years$2,315$1,765$1,328$988$728$290
26 years$2,202$1,659$1,231$903$656$249
27 years$2,098$1,561$1,144$827$591$214
28 years$2,001$1,471$1,063$758$534$185
29 years$1,912$1,388$989$695$482$159
30 years$1,828$1,310$921$638$435$137
31 years$1,750$1,239$859$586$394$118
32 years$1,677$1,172$802$538$356$102
33 years$1,608$1,110$748$495$322$88
34 years$1,544$1,052$699$455$292$76
35 years$1,483$998$654$419$264$65
36 years$1,426$947$612$386$239$56
37 years$1,372$900$572$356$217$49
38 years$1,322$855$536$328$197$42
39 years$1,273$813$502$302$178$36
40 years$1,228$773$471$279$162$31
41 years$1,184$736$441$257$147$27
42 years$1,143$701$414$237$133$23
43 years$1,104$668$389$219$121$20
44 years$1,067$637$365$202$110$17
45 years$1,031$607$342$187$100$15
46 years$998$579$322$173$90$13
47 years$965$553$302$159$82$11
48 years$935$528$284$147$75$10
49 years$905$504$267$136$68$8
50 years$877$481$251$126$62$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $898,000, adding $2,167 every year, while hoping to spend $43,517 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: 69/12/19 Blend
34$898,000$898,000$898,000$898,000
35$991,831$944,237$930,318$1,055,526
36$1,046,696$944,203$915,182$1,098,279
37$1,105,699$942,709$898,081$1,139,717
38$1,169,216$939,637$878,902$1,183,986
39$1,237,659$934,863$857,528$1,231,359
40$1,311,483$928,254$833,838$1,282,142
41$1,391,186$919,670$807,703$1,336,670
42$1,477,315$908,962$778,990$1,395,316
43$1,570,473$895,973$747,558$1,458,489
44$1,671,321$880,535$713,260$1,526,643
45$1,780,586$862,471$675,945$1,600,279
46$1,899,068$841,594$635,451$1,679,950
47$2,027,646$817,706$591,612$1,766,267
48$2,167,288$790,595$544,253$1,859,905
49$2,319,057$760,040$493,191$1,961,609
50$2,484,124$725,805$438,236$2,072,202
51$2,663,776$687,641$379,188$2,192,593
52$2,859,430$645,284$315,840$2,323,785
53$3,072,645$598,457$247,974$2,466,886
54$3,305,137$546,863$175,363$2,623,120
55$3,558,794$490,193$97,771$2,793,837
56$3,835,696$428,117$14,951$2,980,527
57$4,138,129$360,286$0$3,184,836
58$4,468,612$286,335$0$3,423,468
59$4,829,920$205,875$0$3,687,743
60$5,225,105$118,495$0$3,976,895
61$5,657,528$23,764$0$4,293,427
62$6,130,891$0$0$4,640,095
63$6,649,271$0$0$5,030,340
64$7,217,156$0$0$5,461,341
65$7,839,489$0$0$5,933,718
66$8,521,715$0$0$6,451,610
67$9,269,830$0$0$7,019,576
68$10,090,439$0$0$7,642,636
69$10,990,814$0$0$8,326,320
70$11,978,969$0$0$9,076,721
71$13,063,729$0$0$9,900,548
72$14,254,816$0$0$10,805,192
73$15,562,940$0$0$11,798,796
74$16,999,898$0$0$12,890,328
75$18,578,685$0$0$14,089,671
76$20,313,620$0$0$15,407,709
77$22,220,475$0$0$16,856,436
78$24,316,628$0$0$18,449,062
79$26,621,223$0$0$20,200,144
80$29,155,353$0$0$22,125,719
81$31,942,254$0$0$24,243,455
82$35,007,531$0$0$26,572,819
83$38,379,391$0$0$29,135,259
84$42,088,916$0$0$31,954,406
85$46,170,349$0$0$35,056,298
86$50,661,422$0$0$38,469,622
87$55,603,708$0$0$42,225,990
88$61,043,014$0$0$46,360,230
89$67,029,812$0$0$50,910,718
90$73,619,717$0$0$55,919,742
91$80,874,007$0$0$61,433,894
92$88,860,205$0$0$67,504,515
93$97,652,713$0$0$74,188,177
94$107,333,512$0$0$81,547,215
95$117,992,939$0$0$89,650,319
96$129,730,538$0$0$98,573,176
97$142,655,995$0$0$108,399,188
98$156,890,176$0$0$119,220,257
99$172,566,266$0$0$131,137,652
100$189,831,027$0$0$144,262,965