Can I retire at age 35 with 944,000?

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 $944,000?

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$77,955$77,260$76,583$75,922$75,276$73,278
2 years$38,591$37,873$37,176$36,501$35,846$33,847
3 years$25,472$24,750$24,055$23,386$22,742$20,804
4 years$18,914$18,194$17,506$16,849$16,220$14,359
5 years$14,980$14,264$13,586$12,941$12,330$10,550
6 years$12,358$11,648$10,979$10,349$9,756$8,060
7 years$10,486$9,782$9,124$8,509$7,934$6,322
8 years$9,082$8,385$7,738$7,138$6,582$5,052
9 years$7,992$7,301$6,664$6,080$5,543$4,094
10 years$7,119$6,435$5,810$5,241$4,723$3,354
11 years$6,406$5,729$5,115$4,561$4,062$2,770
12 years$5,812$5,142$4,540$4,001$3,520$2,303
13 years$5,310$4,647$4,056$3,532$3,070$1,925
14 years$4,880$4,224$3,644$3,135$2,691$1,616
15 years$4,508$3,858$3,290$2,796$2,369$1,361
16 years$4,182$3,540$2,983$2,504$2,094$1,150
17 years$3,895$3,260$2,714$2,250$1,857$974
18 years$3,641$3,013$2,478$2,027$1,651$827
19 years$3,413$2,792$2,268$1,832$1,471$703
20 years$3,208$2,595$2,082$1,659$1,314$598
21 years$3,023$2,417$1,915$1,506$1,176$510
22 years$2,856$2,256$1,765$1,369$1,054$435
23 years$2,703$2,110$1,630$1,247$946$372
24 years$2,562$1,977$1,507$1,137$851$318
25 years$2,434$1,855$1,396$1,039$765$272
26 years$2,315$1,744$1,295$950$689$232
27 years$2,206$1,641$1,202$869$622$199
28 years$2,104$1,546$1,118$796$561$170
29 years$2,010$1,459$1,040$730$506$146
30 years$1,922$1,378$969$670$458$125
31 years$1,839$1,302$903$616$414$107
32 years$1,763$1,232$843$566$374$92
33 years$1,691$1,167$787$520$339$79
34 years$1,623$1,106$735$479$307$68
35 years$1,559$1,049$687$441$278$58
36 years$1,499$996$643$406$252$50
37 years$1,443$946$602$374$228$43
38 years$1,389$899$564$345$207$37
39 years$1,339$855$528$318$188$31
40 years$1,291$813$495$293$170$27
41 years$1,245$774$464$270$154$23
42 years$1,202$737$435$250$140$20
43 years$1,161$702$408$230$127$17
44 years$1,122$669$383$213$115$15
45 years$1,084$638$360$196$105$13
46 years$1,049$609$338$181$95$11
47 years$1,015$581$318$168$86$9
48 years$982$555$298$155$78$8
49 years$951$530$281$143$71$7
50 years$922$506$264$132$65$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $944,000, adding $6,256 every year, while hoping to spend $59,562 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: 30/48/22 Blend
34$944,000$944,000$944,000$944,000
35$1,046,741$996,709$982,077$1,070,814
36$1,090,135$982,174$951,603$1,075,206
37$1,135,959$964,931$918,112$1,074,181
38$1,184,398$944,784$881,440$1,071,839
39$1,235,654$921,525$841,415$1,068,103
40$1,289,947$894,936$797,859$1,062,895
41$1,347,517$864,784$750,583$1,056,136
42$1,408,629$830,824$699,393$1,047,744
43$1,473,570$792,795$644,083$1,037,637
44$1,542,654$750,422$584,440$1,025,732
45$1,616,227$703,414$520,241$1,011,946
46$1,694,665$651,465$451,252$996,197
47$1,778,381$594,247$377,229$978,400
48$1,867,829$531,418$297,919$958,476
49$1,963,504$462,614$213,056$936,344
50$2,065,950$387,451$122,362$911,930
51$2,175,765$305,523$25,549$885,159
52$2,293,601$216,402$0$855,964
53$2,420,178$119,635$0$842,539
54$2,556,283$14,745$0$834,160
55$2,702,783$0$0$824,855
56$2,860,627$0$0$866,841
57$3,030,859$0$0$920,635
58$3,214,626$0$0$978,826
59$3,413,188$0$0$1,041,826
60$3,627,929$0$0$1,110,092
61$3,860,371$0$0$1,184,125
62$4,112,188$0$0$1,264,474
63$4,385,219$0$0$1,351,745
64$4,681,487$0$0$1,446,604
65$5,003,218$0$0$1,549,784
66$5,352,857$0$0$1,662,090
67$5,733,099$0$0$1,784,409
68$6,146,903$0$0$1,917,718
69$6,597,531$0$0$2,063,090
70$7,088,567$0$0$2,221,708
71$7,623,958$0$0$2,394,873
72$8,208,049$0$0$2,584,016
73$8,845,620$0$0$2,790,716
74$9,541,934$0$0$3,016,708
75$10,302,785$0$0$3,263,903
76$11,134,552$0$0$3,534,406
77$12,044,256$0$0$3,830,534
78$13,039,631$0$0$4,154,839
79$14,129,190$0$0$4,510,131
80$15,322,309$0$0$4,899,505
81$16,629,312$0$0$5,326,370
82$18,061,570$0$0$5,794,479
83$19,631,604$0$0$6,307,967
84$21,353,206$0$0$6,871,388
85$23,241,565$0$0$7,489,758
86$25,313,413$0$0$8,168,603
87$27,587,176$0$0$8,914,009
88$30,083,156$0$0$9,732,681
89$32,823,711$0$0$10,632,005
90$35,833,473$0$0$11,620,117
91$39,139,575$0$0$12,705,982
92$42,771,910$0$0$13,899,475
93$46,763,405$0$0$15,211,474
94$51,150,339$0$0$16,653,966
95$55,972,678$0$0$18,240,157
96$61,274,453$0$0$19,984,595
97$67,104,174$0$0$21,903,310
98$73,515,289$0$0$24,013,962
99$80,566,682$0$0$26,336,012
100$88,323,231$0$0$28,890,898