Can I retire at age 35 with 938,000?

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 $938,000?

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$77,459$76,769$76,096$75,439$74,797$73,019
2 years$38,346$37,632$36,940$36,269$35,618$33,836
3 years$25,310$24,593$23,903$23,238$22,597$20,869
4 years$18,793$18,078$17,395$16,741$16,117$14,454
5 years$14,884$14,174$13,499$12,859$12,252$10,660
6 years$12,279$11,574$10,909$10,283$9,694$8,175
7 years$10,419$9,720$9,066$8,455$7,884$6,437
8 years$9,025$8,332$7,688$7,092$6,541$5,166
9 years$7,941$7,254$6,622$6,041$5,508$4,204
10 years$7,074$6,394$5,773$5,208$4,693$3,458
11 years$6,365$5,692$5,083$4,532$4,036$2,869
12 years$5,775$5,109$4,511$3,975$3,498$2,396
13 years$5,276$4,617$4,030$3,510$3,050$2,012
14 years$4,849$4,197$3,621$3,115$2,674$1,697
15 years$4,479$3,834$3,269$2,778$2,354$1,437
16 years$4,156$3,518$2,964$2,488$2,081$1,220
17 years$3,871$3,240$2,697$2,235$1,845$1,039
18 years$3,618$2,993$2,462$2,014$1,640$886
19 years$3,391$2,774$2,254$1,820$1,462$757
20 years$3,188$2,578$2,069$1,649$1,306$648
21 years$3,004$2,401$1,903$1,496$1,169$555
22 years$2,837$2,242$1,754$1,360$1,048$477
23 years$2,685$2,096$1,619$1,239$940$409
24 years$2,546$1,964$1,497$1,130$845$352
25 years$2,418$1,843$1,387$1,032$761$302
26 years$2,300$1,732$1,286$944$685$260
27 years$2,192$1,630$1,194$864$618$224
28 years$2,091$1,536$1,110$791$557$193
29 years$1,997$1,449$1,033$726$503$166
30 years$1,909$1,369$963$666$455$143
31 years$1,828$1,294$897$612$411$124
32 years$1,751$1,224$837$562$372$107
33 years$1,680$1,159$782$517$337$92
34 years$1,613$1,099$730$476$305$79
35 years$1,549$1,042$683$438$276$68
36 years$1,490$989$639$403$250$59
37 years$1,434$940$598$371$227$51
38 years$1,380$893$560$342$205$44
39 years$1,330$849$525$316$186$38
40 years$1,282$808$492$291$169$33
41 years$1,237$769$461$269$153$28
42 years$1,194$732$432$248$139$24
43 years$1,153$698$406$229$126$21
44 years$1,114$665$381$211$115$18
45 years$1,077$634$358$195$104$16
46 years$1,042$605$336$180$94$14
47 years$1,008$577$316$167$86$12
48 years$976$551$297$154$78$10
49 years$945$526$279$142$71$9
50 years$916$503$262$131$64$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $938,000, adding $3,458 every year, while hoping to spend $53,462 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: 63/9/28 Blend
34$938,000$938,000$938,000$938,000
35$1,037,243$987,529$972,990$1,094,634
36$1,086,159$979,035$948,702$1,125,482
37$1,138,272$968,332$921,808$1,153,009
38$1,193,852$955,257$892,166$1,181,928
39$1,253,195$939,635$859,624$1,212,385
40$1,316,625$921,281$824,025$1,244,541
41$1,384,496$899,999$785,205$1,278,576
42$1,457,198$875,582$742,992$1,314,693
43$1,535,156$847,810$697,207$1,353,113
44$1,618,841$816,451$647,662$1,394,088
45$1,708,764$781,259$594,160$1,437,893
46$1,805,491$741,974$536,498$1,484,836
47$1,909,641$698,321$474,460$1,535,260
48$2,021,894$650,008$407,824$1,589,545
49$2,142,997$596,728$336,356$1,648,114
50$2,273,771$538,156$259,812$1,711,434
51$2,415,118$473,948$177,938$1,780,027
52$2,568,029$403,740$90,468$1,854,469
53$2,733,594$327,149$0$1,935,401
54$2,913,011$243,770$0$2,024,393
55$3,107,596$153,173$0$2,150,271
56$3,318,800$54,907$0$2,286,941
57$3,548,214$0$0$2,435,464
58$3,797,592$0$0$2,602,108
59$4,068,861$0$0$2,789,356
60$4,364,143$0$0$2,993,240
61$4,685,773$0$0$3,215,381
62$5,036,317$0$0$3,457,561
63$5,418,604$0$0$3,721,741
64$5,835,745$0$0$4,010,079
65$6,291,164$0$0$4,324,952
66$6,788,631$0$0$4,668,977
67$7,332,296$0$0$5,045,033
68$7,926,729$0$0$5,456,291
69$8,576,960$0$0$5,906,243
70$9,288,528$0$0$6,398,732
71$10,067,532$0$0$6,937,991
72$10,920,690$0$0$7,528,682
73$11,855,398$0$0$8,175,939
74$12,879,800$0$0$8,885,415
75$14,002,869$0$0$9,663,337
76$15,234,485$0$0$10,516,562
77$16,585,531$0$0$11,452,645
78$18,067,993$0$0$12,479,905
79$19,695,074$0$0$13,607,506
80$21,481,317$0$0$14,845,545
81$23,442,744$0$0$16,205,141
82$25,597,003$0$0$17,698,545
83$27,963,533$0$0$19,339,250
84$30,563,751$0$0$21,142,125
85$33,421,252$0$0$23,123,546
86$36,562,028$0$0$25,301,557
87$40,014,716$0$0$27,696,037
88$43,810,863$0$0$30,328,885
89$47,985,228$0$0$33,224,232
90$52,576,107$0$0$36,408,661
91$57,625,692$0$0$39,911,462
92$63,180,469$0$0$43,764,905
93$69,291,658$0$0$48,004,548
94$76,015,692$0$0$52,669,566
95$83,414,750$0$0$57,803,126
96$91,557,343$0$0$63,452,789
97$100,518,962$0$0$69,670,960
98$110,382,783$0$0$76,515,383
99$121,240,456$0$0$84,049,684
100$133,192,969$0$0$92,343,970