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%16.5%
1 years$77,459$76,769$76,096$75,439$74,797$72,812
2 years$38,346$37,632$36,940$36,269$35,618$33,631
3 years$25,310$24,593$23,903$23,238$22,597$20,672
4 years$18,793$18,078$17,395$16,741$16,117$14,267
5 years$14,884$14,174$13,499$12,859$12,252$10,483
6 years$12,279$11,574$10,909$10,283$9,694$8,009
7 years$10,419$9,720$9,066$8,455$7,884$6,281
8 years$9,025$8,332$7,688$7,092$6,541$5,020
9 years$7,941$7,254$6,622$6,041$5,508$4,068
10 years$7,074$6,394$5,773$5,208$4,693$3,332
11 years$6,365$5,692$5,083$4,532$4,036$2,752
12 years$5,775$5,109$4,511$3,975$3,498$2,288
13 years$5,276$4,617$4,030$3,510$3,050$1,913
14 years$4,849$4,197$3,621$3,115$2,674$1,605
15 years$4,479$3,834$3,269$2,778$2,354$1,352
16 years$4,156$3,518$2,964$2,488$2,081$1,143
17 years$3,871$3,240$2,697$2,235$1,845$968
18 years$3,618$2,993$2,462$2,014$1,640$821
19 years$3,391$2,774$2,254$1,820$1,462$698
20 years$3,188$2,578$2,069$1,649$1,306$594
21 years$3,004$2,401$1,903$1,496$1,169$507
22 years$2,837$2,242$1,754$1,360$1,048$432
23 years$2,685$2,096$1,619$1,239$940$369
24 years$2,546$1,964$1,497$1,130$845$316
25 years$2,418$1,843$1,387$1,032$761$270
26 years$2,300$1,732$1,286$944$685$231
27 years$2,192$1,630$1,194$864$618$198
28 years$2,091$1,536$1,110$791$557$169
29 years$1,997$1,449$1,033$726$503$145
30 years$1,909$1,369$963$666$455$124
31 years$1,828$1,294$897$612$411$107
32 years$1,751$1,224$837$562$372$91
33 years$1,680$1,159$782$517$337$78
34 years$1,613$1,099$730$476$305$67
35 years$1,549$1,042$683$438$276$58
36 years$1,490$989$639$403$250$49
37 years$1,434$940$598$371$227$42
38 years$1,380$893$560$342$205$36
39 years$1,330$849$525$316$186$31
40 years$1,282$808$492$291$169$27
41 years$1,237$769$461$269$153$23
42 years$1,194$732$432$248$139$20
43 years$1,153$698$406$229$126$17
44 years$1,114$665$381$211$115$15
45 years$1,077$634$358$195$104$12
46 years$1,042$605$336$180$94$11
47 years$1,008$577$316$167$86$9
48 years$976$551$297$154$78$8
49 years$945$526$279$142$71$7
50 years$916$503$262$131$64$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $938,000, adding $3,524 every year, while hoping to spend $52,994 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: 40/50/10 Blend
34$938,000$938,000$938,000$938,000
35$1,037,311$987,597$973,058$1,075,557
36$1,086,732$979,604$949,270$1,094,812
37$1,139,417$969,443$922,909$1,110,103
38$1,195,644$956,953$893,834$1,125,458
39$1,255,716$941,960$861,894$1,140,903
40$1,319,967$924,284$826,935$1,156,474
41$1,388,760$903,730$788,794$1,172,214
42$1,462,496$880,096$747,301$1,188,175
43$1,541,614$853,164$702,279$1,204,418
44$1,626,596$822,705$653,542$1,221,017
45$1,717,968$788,478$600,895$1,238,057
46$1,816,313$750,226$544,138$1,255,639
47$1,922,268$707,677$483,056$1,273,881
48$2,036,531$660,545$417,431$1,292,916
49$2,159,872$608,527$347,030$1,312,902
50$2,293,136$551,301$271,612$1,334,019
51$2,437,251$488,530$190,926$1,356,470
52$2,593,237$419,855$104,709$1,380,492
53$2,762,217$344,897$12,686$1,406,353
54$2,945,423$263,258$0$1,434,357
55$3,144,213$174,513$0$1,473,974
56$3,360,077$78,219$0$1,518,510
57$3,594,657$0$0$1,567,084
58$3,849,757$0$0$1,634,591
59$4,127,363$0$0$1,754,995
60$4,429,661$0$0$1,886,221
61$4,759,054$0$0$2,029,327
62$5,118,189$0$0$2,185,477
63$5,509,977$0$0$2,355,952
64$5,937,624$0$0$2,542,165
65$6,404,659$0$0$2,745,667
66$6,914,965$0$0$2,968,168
67$7,472,819$0$0$3,211,552
68$8,082,928$0$0$3,477,890
69$8,750,477$0$0$3,769,466
70$9,481,173$0$0$4,088,793
71$10,281,302$0$0$4,438,639
72$11,157,785$0$0$4,822,052
73$12,118,245$0$0$5,242,389
74$13,171,076$0$0$5,703,348
75$14,325,525$0$0$6,209,002
76$15,591,773$0$0$6,763,835
77$16,981,038$0$0$7,372,789
78$18,505,673$0$0$8,041,306
79$20,179,287$0$0$8,775,381
80$22,016,870$0$0$9,581,618
81$24,034,934$0$0$10,467,293
82$26,251,669$0$0$11,440,420
83$28,687,114$0$0$12,509,828
84$31,363,345$0$0$13,685,243
85$34,304,680$0$0$14,977,383
86$37,537,914$0$0$16,398,052
87$41,092,563$0$0$17,960,259
88$45,001,148$0$0$19,678,333
89$49,299,500$0$0$21,568,064
90$54,027,092$0$0$23,646,847
91$59,227,419$0$0$25,933,850
92$64,948,400$0$0$28,450,190
93$71,242,835$0$0$31,219,137
94$78,168,897$0$0$34,266,327
95$85,790,686$0$0$37,620,010
96$94,178,827$0$0$41,311,312
97$103,411,139$0$0$45,374,529
98$113,573,368$0$0$49,847,453
99$124,759,994$0$0$54,771,724
100$137,075,124$0$0$60,193,225