Can I retire at age 35 with 948,000?

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 $948,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$78,285$77,588$76,907$76,243$75,595$74,099
2 years$38,755$38,033$37,334$36,655$35,998$34,497
3 years$25,580$24,855$24,157$23,485$22,838$21,379
4 years$18,994$18,271$17,580$16,920$16,288$14,883
5 years$15,043$14,325$13,643$12,996$12,382$11,034
6 years$12,410$11,697$11,026$10,393$9,798$8,508
7 years$10,530$9,823$9,162$8,545$7,968$6,737
8 years$9,121$8,420$7,770$7,168$6,610$5,438
9 years$8,025$7,331$6,693$6,106$5,567$4,452
10 years$7,149$6,462$5,835$5,263$4,743$3,685
11 years$6,433$5,753$5,137$4,580$4,079$3,077
12 years$5,837$5,164$4,559$4,018$3,535$2,587
13 years$5,333$4,666$4,073$3,547$3,083$2,187
14 years$4,901$4,242$3,660$3,149$2,702$1,857
15 years$4,527$3,875$3,304$2,808$2,379$1,583
16 years$4,200$3,555$2,996$2,514$2,103$1,354
17 years$3,912$3,274$2,726$2,259$1,864$1,161
18 years$3,656$3,025$2,488$2,036$1,658$998
19 years$3,427$2,804$2,278$1,840$1,478$859
20 years$3,222$2,606$2,091$1,666$1,320$741
21 years$3,036$2,427$1,923$1,512$1,181$640
22 years$2,868$2,265$1,772$1,375$1,059$553
23 years$2,714$2,119$1,636$1,252$950$479
24 years$2,573$1,985$1,513$1,142$854$415
25 years$2,444$1,863$1,402$1,043$769$359
26 years$2,325$1,751$1,300$954$692$312
27 years$2,215$1,648$1,207$873$624$271
28 years$2,113$1,553$1,122$800$563$235
29 years$2,018$1,465$1,044$733$509$204
30 years$1,930$1,383$973$673$460$177
31 years$1,847$1,308$907$618$415$154
32 years$1,770$1,237$846$568$376$134
33 years$1,698$1,172$790$522$340$117
34 years$1,630$1,111$738$481$308$101
35 years$1,566$1,053$690$442$279$88
36 years$1,506$1,000$646$407$253$77
37 years$1,449$950$604$375$229$67
38 years$1,395$902$566$346$208$58
39 years$1,344$858$530$319$188$51
40 years$1,296$816$497$294$171$44
41 years$1,250$777$466$272$155$38
42 years$1,207$740$437$251$141$33
43 years$1,166$705$410$231$128$29
44 years$1,126$672$385$214$116$25
45 years$1,089$641$362$197$105$22
46 years$1,053$612$340$182$95$19
47 years$1,019$584$319$168$87$17
48 years$987$557$300$156$79$15
49 years$955$532$282$144$72$13
50 years$926$508$265$133$65$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $948,000, adding $3,259 every year, while hoping to spend $45,913 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: 25/46/29 Blend
34$948,000$948,000$948,000$948,000
35$1,048,058$997,814$983,120$1,064,686
36$1,106,108$997,855$967,203$1,078,945
37$1,168,542$996,360$949,215$1,090,121
38$1,235,756$993,205$929,036$1,101,160
39$1,308,188$988,258$906,544$1,112,081
40$1,386,320$981,379$881,610$1,122,912
41$1,470,680$972,421$854,099$1,133,685
42$1,561,847$961,227$823,869$1,144,444
43$1,660,459$947,632$790,773$1,155,239
44$1,767,218$931,458$754,656$1,166,132
45$1,882,895$912,520$715,357$1,177,198
46$2,008,336$890,619$672,707$1,188,523
47$2,144,473$865,547$626,530$1,200,212
48$2,292,333$837,082$576,642$1,212,385
49$2,453,041$804,989$522,850$1,225,181
50$2,627,839$769,021$464,953$1,238,762
51$2,818,091$728,915$402,741$1,253,315
52$3,025,297$684,394$335,995$1,269,053
53$3,251,112$635,163$264,485$1,286,223
54$3,497,352$580,913$187,972$1,305,103
55$3,766,020$521,316$106,207$1,326,012
56$4,059,318$456,024$18,928$1,349,311
57$4,379,671$384,671$0$1,375,411
58$4,729,748$306,871$0$1,427,738
59$5,112,489$222,215$0$1,491,596
60$5,531,130$130,269$0$1,561,805
61$5,989,232$30,580$0$1,639,124
62$6,490,719$0$0$1,724,401
63$7,039,911$0$0$1,857,728
64$7,641,566$0$0$2,020,908
65$8,300,923$0$0$2,199,904
66$9,023,752$0$0$2,396,303
67$9,816,407$0$0$2,611,853
68$10,685,888$0$0$2,848,479
69$11,639,905$0$0$3,108,303
70$12,686,950$0$0$3,393,661
71$13,836,375$0$0$3,707,128
72$15,098,487$0$0$4,051,538
73$16,484,633$0$0$4,430,017
74$18,007,319$0$0$4,846,004
75$19,680,318$0$0$5,303,293
76$21,518,805$0$0$5,806,059
77$23,539,498$0$0$6,358,905
78$25,760,812$0$0$6,966,901
79$28,203,040$0$0$7,635,633
80$30,888,536$0$0$8,371,257
81$33,841,929$0$0$9,180,553
82$37,090,355$0$0$10,070,993
83$40,663,712$0$0$11,050,810
84$44,594,941$0$0$12,129,074
85$48,920,337$0$0$13,315,780
86$53,679,889$0$0$14,621,941
87$58,917,660$0$0$16,059,691
88$64,682,200$0$0$17,642,400
89$71,027,004$0$0$19,384,800
90$78,011,016$0$0$21,303,127
91$85,699,183$0$0$23,415,266
92$94,163,071$0$0$25,740,929
93$103,481,537$0$0$28,301,835
94$113,741,472$0$0$31,121,916
95$125,038,622$0$0$34,227,545
96$137,478,490$0$0$37,647,780
97$151,177,332$0$0$41,414,643
98$166,263,250$0$0$45,563,420
99$182,877,406$0$0$50,132,993
100$201,175,348$0$0$55,166,210