Can I retire at age 35 with 946,000?

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 $946,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$78,120$77,424$76,745$76,082$75,435$73,374
2 years$38,673$37,953$37,255$36,578$35,922$33,860
3 years$25,526$24,803$24,106$23,436$22,790$20,792
4 years$18,954$18,233$17,543$16,884$16,254$14,336
5 years$15,011$14,295$13,614$12,969$12,356$10,523
6 years$12,384$11,673$11,002$10,371$9,777$8,030
7 years$10,508$9,803$9,143$8,527$7,951$6,291
8 years$9,102$8,403$7,754$7,153$6,596$5,022
9 years$8,008$7,316$6,679$6,093$5,555$4,065
10 years$7,134$6,449$5,822$5,252$4,733$3,325
11 years$6,420$5,741$5,126$4,571$4,071$2,743
12 years$5,825$5,153$4,549$4,009$3,528$2,277
13 years$5,321$4,657$4,064$3,539$3,076$1,901
14 years$4,890$4,233$3,652$3,142$2,697$1,594
15 years$4,517$3,867$3,297$2,802$2,374$1,341
16 years$4,191$3,548$2,989$2,509$2,098$1,131
17 years$3,904$3,267$2,720$2,254$1,861$957
18 years$3,648$3,019$2,483$2,032$1,654$811
19 years$3,420$2,798$2,273$1,836$1,475$688
20 years$3,215$2,600$2,086$1,663$1,317$585
21 years$3,030$2,422$1,919$1,509$1,179$498
22 years$2,862$2,261$1,769$1,372$1,056$424
23 years$2,708$2,114$1,633$1,249$948$362
24 years$2,568$1,981$1,510$1,140$852$309
25 years$2,439$1,859$1,399$1,041$767$263
26 years$2,320$1,747$1,297$952$691$225
27 years$2,210$1,644$1,205$871$623$192
28 years$2,108$1,549$1,120$798$562$164
29 years$2,014$1,462$1,042$732$508$141
30 years$1,926$1,380$971$672$459$120
31 years$1,843$1,305$905$617$415$103
32 years$1,766$1,235$844$567$375$88
33 years$1,694$1,169$788$521$339$75
34 years$1,626$1,108$737$480$307$65
35 years$1,563$1,051$689$442$278$55
36 years$1,502$998$644$407$252$47
37 years$1,446$948$603$375$229$41
38 years$1,392$901$565$345$207$35
39 years$1,341$856$529$318$188$30
40 years$1,293$815$496$294$170$25
41 years$1,248$776$465$271$155$22
42 years$1,204$739$436$250$140$19
43 years$1,163$704$409$231$127$16
44 years$1,124$671$384$213$116$14
45 years$1,087$640$361$197$105$12
46 years$1,051$610$339$182$95$10
47 years$1,017$582$318$168$87$9
48 years$984$556$299$155$79$7
49 years$953$531$281$143$71$6
50 years$924$507$264$133$65$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $946,000, adding $6,895 every year, while hoping to spend $45,284 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: 50/27/23 Blend
34$946,000$946,000$946,000$946,000
35$1,049,604$999,466$984,803$1,094,992
36$1,108,482$1,000,258$969,612$1,128,024
37$1,171,848$999,571$952,395$1,158,761
38$1,240,111$997,285$933,035$1,191,237
39$1,313,722$993,272$911,412$1,225,637
40$1,393,176$987,397$887,398$1,262,163
41$1,479,017$979,516$860,862$1,301,045
42$1,571,840$969,476$831,665$1,342,534
43$1,672,303$957,116$799,661$1,386,913
44$1,781,128$942,264$764,700$1,434,494
45$1,899,108$924,740$726,622$1,485,627
46$2,027,116$904,351$685,263$1,540,697
47$2,166,110$880,893$640,448$1,600,135
48$2,317,148$854,151$591,997$1,664,419
49$2,481,389$823,896$539,721$1,734,079
50$2,660,111$789,888$483,422$1,809,704
51$2,854,720$751,870$422,894$1,891,946
52$3,066,763$709,572$357,922$1,981,531
53$3,297,941$662,709$288,281$2,079,262
54$3,550,127$610,979$213,735$2,186,031
55$3,825,384$554,061$134,039$2,302,823
56$4,125,982$491,618$48,938$2,430,735
57$4,454,418$423,294$0$2,570,977
58$4,813,444$348,710$0$2,735,171
59$5,206,087$267,469$0$2,928,010
60$5,635,683$179,150$0$3,139,189
61$6,105,903$83,309$0$3,370,605
62$6,620,790$0$0$3,624,353
63$7,184,796$0$0$3,908,842
64$7,802,824$0$0$4,247,801
65$8,480,274$0$0$4,619,452
66$9,223,093$0$0$5,027,071
67$10,037,832$0$0$5,474,264
68$10,931,704$0$0$5,965,005
69$11,912,656$0$0$6,503,671
70$12,989,443$0$0$7,095,084
71$14,171,704$0$0$7,744,554
72$15,470,063$0$0$8,457,932
73$16,896,219$0$0$9,241,663
74$18,463,061$0$0$10,102,846
75$20,184,789$0$0$11,049,304
76$22,077,046$0$0$12,089,653
77$24,157,066$0$0$13,233,388
78$26,443,835$0$0$14,490,967
79$28,958,271$0$0$15,873,914
80$31,723,420$0$0$17,394,925
81$34,764,673$0$0$19,067,988
82$38,110,006$0$0$20,908,516
83$41,790,243$0$0$22,933,488
84$45,839,343$0$0$25,161,615
85$50,294,727$0$0$27,613,511
86$55,197,622$0$0$30,311,892
87$60,593,457$0$0$33,281,784
88$66,532,286$0$0$36,550,765
89$73,069,262$0$0$40,149,220
90$80,265,156$0$0$44,110,631
91$88,186,930$0$0$48,471,891
92$96,908,369$0$0$53,273,652
93$106,510,775$0$0$58,560,708
94$117,083,736$0$0$64,382,418
95$128,725,969$0$0$70,793,170
96$141,546,249$0$0$77,852,897
97$155,664,440$0$0$85,627,639
98$171,212,622$0$0$94,190,168
99$188,336,336$0$0$103,620,673
100$207,195,960$0$0$114,007,518