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%13%
1 years$78,285$77,588$76,907$76,243$75,595$74,650
2 years$38,755$38,033$37,334$36,655$35,998$35,047
3 years$25,580$24,855$24,157$23,485$22,838$21,911
4 years$18,994$18,271$17,580$16,920$16,288$15,392
5 years$15,043$14,325$13,643$12,996$12,382$11,520
6 years$12,410$11,697$11,026$10,393$9,798$8,969
7 years$10,530$9,823$9,162$8,545$7,968$7,175
8 years$9,121$8,420$7,770$7,168$6,610$5,852
9 years$8,025$7,331$6,693$6,106$5,567$4,842
10 years$7,149$6,462$5,835$5,263$4,743$4,053
11 years$6,433$5,753$5,137$4,580$4,079$3,422
12 years$5,837$5,164$4,559$4,018$3,535$2,910
13 years$5,333$4,666$4,073$3,547$3,083$2,490
14 years$4,901$4,242$3,660$3,149$2,702$2,140
15 years$4,527$3,875$3,304$2,808$2,379$1,847
16 years$4,200$3,555$2,996$2,514$2,103$1,599
17 years$3,912$3,274$2,726$2,259$1,864$1,389
18 years$3,656$3,025$2,488$2,036$1,658$1,209
19 years$3,427$2,804$2,278$1,840$1,478$1,055
20 years$3,222$2,606$2,091$1,666$1,320$922
21 years$3,036$2,427$1,923$1,512$1,181$807
22 years$2,868$2,265$1,772$1,375$1,059$708
23 years$2,714$2,119$1,636$1,252$950$621
24 years$2,573$1,985$1,513$1,142$854$546
25 years$2,444$1,863$1,402$1,043$769$480
26 years$2,325$1,751$1,300$954$692$422
27 years$2,215$1,648$1,207$873$624$372
28 years$2,113$1,553$1,122$800$563$327
29 years$2,018$1,465$1,044$733$509$289
30 years$1,930$1,383$973$673$460$255
31 years$1,847$1,308$907$618$415$225
32 years$1,770$1,237$846$568$376$198
33 years$1,698$1,172$790$522$340$175
34 years$1,630$1,111$738$481$308$155
35 years$1,566$1,053$690$442$279$137
36 years$1,506$1,000$646$407$253$121
37 years$1,449$950$604$375$229$107
38 years$1,395$902$566$346$208$94
39 years$1,344$858$530$319$188$83
40 years$1,296$816$497$294$171$74
41 years$1,250$777$466$272$155$65
42 years$1,207$740$437$251$141$58
43 years$1,166$705$410$231$128$51
44 years$1,126$672$385$214$116$45
45 years$1,089$641$362$197$105$40
46 years$1,053$612$340$182$95$35
47 years$1,019$584$319$168$87$31
48 years$987$557$300$156$79$28
49 years$955$532$282$144$72$24
50 years$926$508$265$133$65$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $948,000, adding $4,605 every year, while hoping to spend $29,759 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: 56/28/16 Blend
34$948,000$948,000$948,000$948,000
35$1,049,446$999,202$984,508$1,103,556
36$1,124,826$1,016,500$985,826$1,158,148
37$1,206,898$1,033,647$986,190$1,213,969
38$1,296,312$1,050,607$985,538$1,274,100
39$1,393,785$1,067,335$983,803$1,338,960
40$1,500,105$1,083,789$980,915$1,409,011
41$1,616,142$1,099,921$976,801$1,484,763
42$1,742,849$1,115,677$971,384$1,566,778
43$1,881,279$1,131,005$964,585$1,655,675
44$2,032,589$1,145,844$956,319$1,752,138
45$2,198,055$1,160,133$946,497$1,856,920
46$2,379,080$1,173,802$935,028$1,970,854
47$2,577,210$1,186,782$921,815$2,094,854
48$2,794,145$1,198,995$906,756$2,229,934
49$3,031,762$1,210,359$889,746$2,377,206
50$3,292,122$1,220,787$870,673$2,537,903
51$3,577,499$1,230,186$849,421$2,713,379
52$3,890,397$1,238,458$825,870$2,905,130
53$4,233,572$1,245,497$799,891$3,114,807
54$4,610,060$1,251,191$771,352$3,344,228
55$5,023,208$1,255,421$740,113$3,595,399
56$5,476,699$1,258,060$706,031$3,870,534
57$5,974,591$1,258,974$668,952$4,172,071
58$6,521,355$1,258,020$628,718$4,502,703
59$7,121,916$1,255,045$585,162$4,865,395
60$7,781,699$1,249,890$538,112$5,263,421
61$8,506,680$1,242,382$487,387$5,700,388
62$9,303,443$1,232,341$432,796$6,180,275
63$10,179,243$1,219,573$374,143$6,707,470
64$11,142,069$1,203,876$311,220$7,286,809
65$12,200,727$1,185,033$243,813$7,923,628
66$13,364,916$1,162,815$171,696$8,623,808
67$14,645,324$1,136,979$94,634$9,393,835
68$16,053,724$1,107,268$12,382$10,240,858
69$17,603,091$1,073,411$0$11,172,762
70$19,307,717$1,035,119$0$12,211,110
71$21,183,353$992,088$0$13,355,708
72$23,247,350$943,996$0$14,615,053
73$25,518,828$890,500$0$16,000,843
74$28,018,855$831,241$0$17,525,974
75$30,770,644$765,837$0$19,204,658
76$33,799,771$693,886$0$21,052,562
77$37,134,422$614,960$0$23,086,952
78$40,805,649$528,609$0$25,326,860
79$44,847,673$434,358$0$27,793,263
80$49,298,198$331,704$0$30,509,282
81$54,198,772$220,116$0$33,500,401
82$59,595,179$99,033$0$36,794,707
83$65,537,864$0$0$40,423,160
84$72,082,419$0$0$44,429,782
85$79,290,099$0$0$48,876,093
86$87,228,403$0$0$53,773,234
87$95,971,712$0$0$59,167,104
88$105,601,988$0$0$65,108,283
89$116,209,549$0$0$71,652,505
90$127,893,919$0$0$78,861,187
91$140,764,772$0$0$86,802,010
92$154,942,960$0$0$95,549,551
93$170,561,660$0$0$105,185,994
94$187,767,624$0$0$115,801,901
95$206,722,570$0$0$127,497,070
96$227,604,703$0$0$140,381,472
97$250,610,402$0$0$154,576,294
98$275,956,067$0$0$170,215,078
99$303,880,168$0$0$187,444,987
100$334,645,489$0$0$206,428,187