Can I retire at age 35 with 947,000?

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 $947,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$78,202$77,506$76,826$76,163$75,515$73,215
2 years$38,714$37,993$37,294$36,617$35,960$33,662
3 years$25,553$24,829$24,132$23,461$22,814$20,591
4 years$18,974$18,252$17,562$16,902$16,271$14,140
5 years$15,027$14,310$13,629$12,982$12,369$10,335
6 years$12,397$11,685$11,014$10,382$9,787$7,853
7 years$10,519$9,813$9,153$8,536$7,960$6,124
8 years$9,111$8,412$7,762$7,160$6,603$4,866
9 years$8,017$7,324$6,686$6,099$5,561$3,919
10 years$7,142$6,456$5,829$5,257$4,738$3,190
11 years$6,427$5,747$5,131$4,576$4,075$2,618
12 years$5,831$5,158$4,554$4,013$3,531$2,162
13 years$5,327$4,661$4,069$3,543$3,079$1,795
14 years$4,896$4,237$3,656$3,145$2,699$1,497
15 years$4,522$3,871$3,301$2,805$2,377$1,252
16 years$4,196$3,551$2,993$2,512$2,101$1,050
17 years$3,908$3,271$2,723$2,257$1,863$883
18 years$3,652$3,022$2,486$2,034$1,656$744
19 years$3,424$2,801$2,276$1,838$1,476$628
20 years$3,219$2,603$2,088$1,664$1,318$530
21 years$3,033$2,424$1,921$1,510$1,180$449
22 years$2,865$2,263$1,771$1,373$1,058$380
23 years$2,711$2,117$1,635$1,251$949$322
24 years$2,571$1,983$1,512$1,141$853$273
25 years$2,442$1,861$1,400$1,042$768$231
26 years$2,323$1,749$1,299$953$692$196
27 years$2,213$1,646$1,206$872$624$167
28 years$2,111$1,551$1,121$799$563$142
29 years$2,016$1,463$1,043$733$508$120
30 years$1,928$1,382$972$672$459$102
31 years$1,845$1,306$906$617$415$87
32 years$1,768$1,236$845$567$375$74
33 years$1,696$1,171$789$522$340$63
34 years$1,628$1,109$737$480$308$53
35 years$1,564$1,052$689$442$279$45
36 years$1,504$999$645$407$252$39
37 years$1,447$949$604$375$229$33
38 years$1,394$902$565$346$207$28
39 years$1,343$857$530$319$188$24
40 years$1,295$816$496$294$171$20
41 years$1,249$776$465$271$155$17
42 years$1,206$739$437$250$140$15
43 years$1,164$705$410$231$127$12
44 years$1,125$672$385$213$116$11
45 years$1,088$640$361$197$105$9
46 years$1,052$611$339$182$95$8
47 years$1,018$583$319$168$87$7
48 years$985$557$299$155$79$6
49 years$954$531$281$144$71$5
50 years$925$508$265$133$65$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $947,000, adding $2,186 every year, while hoping to spend $41,642 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: 76/8/16 Blend
34$947,000$947,000$947,000$947,000
35$1,045,849$995,658$980,979$1,121,494
36$1,108,219$1,000,138$969,535$1,176,255
37$1,175,555$1,003,443$956,312$1,230,862
38$1,248,319$1,005,469$941,207$1,289,601
39$1,327,021$1,006,110$924,110$1,352,871
40$1,412,218$1,005,251$904,909$1,421,111
41$1,504,525$1,002,769$883,485$1,494,806
42$1,604,618$998,537$859,713$1,574,492
43$1,713,240$992,415$833,464$1,660,756
44$1,831,207$984,260$804,601$1,754,249
45$1,959,417$973,916$772,983$1,855,687
46$2,098,860$961,221$738,460$1,965,859
47$2,250,623$946,000$700,878$2,085,637
48$2,415,903$928,070$660,074$2,215,981
49$2,596,017$907,237$615,878$2,357,948
50$2,792,413$883,294$568,112$2,512,708
51$3,006,687$856,024$516,592$2,681,546
52$3,240,595$825,195$461,124$2,865,882
53$3,496,069$790,562$401,505$3,067,281
54$3,775,237$751,869$337,524$3,287,467
55$4,080,441$708,840$268,960$3,528,345
56$4,414,260$661,187$195,584$3,792,011
57$4,779,533$608,604$117,155$4,080,778
58$5,179,387$550,767$33,421$4,397,196
59$5,617,265$487,335$0$4,744,077
60$6,096,958$417,947$0$5,134,071
61$6,622,642$342,220$0$5,567,756
62$7,198,915$259,753$0$6,043,238
63$7,830,843$170,119$0$6,564,722
64$8,524,002$72,868$0$7,136,842
65$9,284,538$0$0$7,764,705
66$10,119,217$0$0$8,456,793
67$11,035,496$0$0$9,223,620
68$12,041,584$0$0$10,065,646
69$13,146,528$0$0$10,990,446
70$14,360,292$0$0$12,006,367
71$15,693,854$0$0$13,122,601
72$17,159,307$0$0$14,349,276
73$18,769,974$0$0$15,697,549
74$20,540,531$0$0$17,179,712
75$22,487,151$0$0$18,809,308
76$24,627,647$0$0$20,601,256
77$26,981,648$0$0$22,571,995
78$29,570,780$0$0$24,739,636
79$32,418,869$0$0$27,124,133
80$35,552,166$0$0$29,747,472
81$38,999,598$0$0$32,633,877
82$42,793,032$0$0$35,810,038
83$46,967,584$0$0$39,305,365
84$51,561,944$0$0$43,152,259
85$56,618,745$0$0$47,386,427
86$62,184,961$0$0$52,047,207
87$68,312,350$0$0$57,177,948
88$75,057,945$0$0$62,826,416
89$82,484,589$0$0$69,045,242
90$90,661,530$0$0$75,892,420
91$99,665,069$0$0$83,431,853
92$109,579,284$0$0$91,733,959
93$120,496,824$0$0$100,876,329
94$132,519,777$0$0$110,944,464
95$145,760,639$0$0$122,032,580
96$160,343,369$0$0$134,244,495
97$176,404,564$0$0$147,694,609
98$194,094,746$0$0$162,508,987
99$213,579,779$0$0$178,826,541
100$235,042,438$0$0$196,800,347