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%16.7%
1 years$78,285$77,588$76,907$76,243$75,595$73,529
2 years$38,755$38,033$37,334$36,655$35,998$33,931
3 years$25,580$24,855$24,157$23,485$22,838$20,836
4 years$18,994$18,271$17,580$16,920$16,288$14,366
5 years$15,043$14,325$13,643$12,996$12,382$10,545
6 years$12,410$11,697$11,026$10,393$9,798$8,047
7 years$10,530$9,823$9,162$8,545$7,968$6,304
8 years$9,121$8,420$7,770$7,168$6,610$5,032
9 years$8,025$7,331$6,693$6,106$5,567$4,073
10 years$7,149$6,462$5,835$5,263$4,743$3,332
11 years$6,433$5,753$5,137$4,580$4,079$2,749
12 years$5,837$5,164$4,559$4,018$3,535$2,282
13 years$5,333$4,666$4,073$3,547$3,083$1,905
14 years$4,901$4,242$3,660$3,149$2,702$1,597
15 years$4,527$3,875$3,304$2,808$2,379$1,343
16 years$4,200$3,555$2,996$2,514$2,103$1,133
17 years$3,912$3,274$2,726$2,259$1,864$959
18 years$3,656$3,025$2,488$2,036$1,658$812
19 years$3,427$2,804$2,278$1,840$1,478$690
20 years$3,222$2,606$2,091$1,666$1,320$586
21 years$3,036$2,427$1,923$1,512$1,181$499
22 years$2,868$2,265$1,772$1,375$1,059$425
23 years$2,714$2,119$1,636$1,252$950$362
24 years$2,573$1,985$1,513$1,142$854$309
25 years$2,444$1,863$1,402$1,043$769$264
26 years$2,325$1,751$1,300$954$692$226
27 years$2,215$1,648$1,207$873$624$193
28 years$2,113$1,553$1,122$800$563$165
29 years$2,018$1,465$1,044$733$509$141
30 years$1,930$1,383$973$673$460$121
31 years$1,847$1,308$907$618$415$103
32 years$1,770$1,237$846$568$376$88
33 years$1,698$1,172$790$522$340$76
34 years$1,630$1,111$738$481$308$65
35 years$1,566$1,053$690$442$279$55
36 years$1,506$1,000$646$407$253$47
37 years$1,449$950$604$375$229$41
38 years$1,395$902$566$346$208$35
39 years$1,344$858$530$319$188$30
40 years$1,296$816$497$294$171$26
41 years$1,250$777$466$272$155$22
42 years$1,207$740$437$251$141$19
43 years$1,166$705$410$231$128$16
44 years$1,126$672$385$214$116$14
45 years$1,089$641$362$197$105$12
46 years$1,053$612$340$182$95$10
47 years$1,019$584$319$168$87$9
48 years$987$557$300$156$79$7
49 years$955$532$282$144$72$6
50 years$926$508$265$133$65$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $948,000, adding $4,828 every year, while hoping to spend $26,269 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: 41/36/23 Blend
34$948,000$948,000$948,000$948,000
35$1,049,676$999,432$984,738$1,085,433
36$1,128,793$1,020,454$989,777$1,132,528
37$1,215,099$1,041,626$994,104$1,180,606
38$1,309,301$1,062,927$997,668$1,232,120
39$1,412,174$1,084,335$1,000,414$1,287,401
40$1,524,575$1,105,826$1,002,287$1,346,811
41$1,647,443$1,127,373$1,003,225$1,410,752
42$1,781,815$1,148,948$1,003,166$1,479,667
43$1,928,834$1,170,519$1,002,045$1,554,044
44$2,089,754$1,192,054$999,793$1,634,422
45$2,265,960$1,213,516$996,337$1,721,394
46$2,458,974$1,234,865$991,601$1,815,617
47$2,670,476$1,256,059$985,506$1,917,813
48$2,902,313$1,277,054$977,969$2,028,781
49$3,156,519$1,297,800$968,901$2,149,402
50$3,435,337$1,318,246$958,212$2,280,646
51$3,741,235$1,338,333$945,806$2,423,585
52$4,076,933$1,358,004$931,582$2,579,402
53$4,445,426$1,377,192$915,436$2,749,399
54$4,850,013$1,395,828$897,257$2,935,017
55$5,294,330$1,413,839$876,931$3,137,841
56$5,782,380$1,431,145$854,337$3,359,624
57$6,318,574$1,447,663$829,348$3,602,294
58$6,907,771$1,463,301$801,834$3,867,984
59$7,555,325$1,477,963$771,656$4,159,042
60$8,267,132$1,491,547$738,670$4,478,061
61$9,049,690$1,503,944$702,726$4,827,898
62$9,910,157$1,515,036$663,667$5,211,707
63$10,856,420$1,524,700$621,326$5,632,965
64$11,897,168$1,532,803$575,534$6,095,507
65$13,041,974$1,539,205$526,109$6,603,563
66$14,301,386$1,543,757$472,864$7,161,798
67$15,687,025$1,546,299$415,603$7,775,357
68$17,211,697$1,546,663$354,121$8,449,912
69$18,889,510$1,544,670$288,205$9,191,719
70$20,736,011$1,540,129$217,630$10,007,679
71$22,768,327$1,532,838$142,163$10,905,398
72$25,005,332$1,522,583$61,562$11,893,264
73$27,467,823$1,509,137$0$12,980,529
74$30,178,714$1,492,258$0$14,183,393
75$33,163,256$1,471,691$0$15,523,614
76$36,449,269$1,447,165$0$16,998,535
77$40,067,411$1,418,393$0$18,621,900
78$44,051,465$1,385,072$0$20,408,856
79$48,438,652$1,346,878$0$22,376,099
80$53,269,992$1,303,473$0$24,542,034
81$58,590,682$1,254,494$0$26,926,944
82$64,450,528$1,199,560$0$29,553,188
83$70,904,412$1,138,269$0$32,445,410
84$78,012,809$1,070,191$0$35,630,772
85$85,842,361$994,876$0$39,139,214
86$94,466,504$911,847$0$43,003,732
87$103,966,158$820,598$0$47,260,699
88$114,430,495$720,597$0$51,950,201
89$125,957,778$611,278$0$57,116,422
90$138,656,288$492,048$0$62,808,059
91$152,645,347$362,275$0$69,078,787
92$168,056,442$221,297$0$75,987,763
93$185,034,470$68,410$0$83,600,186
94$203,739,098$0$0$91,987,919
95$224,346,279$0$0$101,268,639
96$247,049,904$0$0$111,523,582
97$272,063,639$0$0$122,822,185
98$299,622,936$0$0$135,270,826
99$329,987,259$0$0$148,986,733
100$363,442,530$0$0$164,099,088