Can I retire at age 35 with 950,000?

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 $950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$78,450$77,751$77,070$76,404$75,754$75,308
2 years$38,837$38,113$37,412$36,733$36,073$35,624
3 years$25,634$24,908$24,208$23,535$22,887$22,447
4 years$19,034$18,310$17,617$16,956$16,323$15,896
5 years$15,075$14,355$13,672$13,024$12,408$11,997
6 years$12,436$11,722$11,049$10,415$9,818$9,422
7 years$10,552$9,844$9,182$8,563$7,985$7,604
8 years$9,140$8,438$7,787$7,183$6,624$6,258
9 years$8,042$7,347$6,707$6,118$5,579$5,228
10 years$7,165$6,476$5,847$5,274$4,753$4,418
11 years$6,447$5,765$5,148$4,590$4,088$3,767
12 years$5,849$5,175$4,568$4,026$3,543$3,236
13 years$5,344$4,676$4,082$3,554$3,089$2,797
14 years$4,911$4,251$3,667$3,155$2,708$2,430
15 years$4,536$3,883$3,311$2,814$2,384$2,120
16 years$4,209$3,563$3,002$2,520$2,107$1,856
17 years$3,920$3,281$2,732$2,264$1,868$1,630
18 years$3,664$3,032$2,494$2,040$1,661$1,435
19 years$3,435$2,810$2,283$1,843$1,481$1,267
20 years$3,229$2,611$2,095$1,670$1,323$1,120
21 years$3,043$2,432$1,927$1,515$1,184$992
22 years$2,874$2,270$1,776$1,378$1,061$880
23 years$2,720$2,123$1,640$1,255$952$782
24 years$2,579$1,989$1,517$1,144$856$696
25 years$2,449$1,867$1,405$1,045$770$619
26 years$2,330$1,755$1,303$956$694$552
27 years$2,220$1,651$1,210$875$626$492
28 years$2,117$1,556$1,125$801$564$439
29 years$2,022$1,468$1,047$735$510$392
30 years$1,934$1,386$975$674$461$350
31 years$1,851$1,311$909$619$416$313
32 years$1,774$1,240$848$569$377$280
33 years$1,701$1,174$792$523$341$251
34 years$1,633$1,113$740$482$309$224
35 years$1,569$1,056$692$443$280$201
36 years$1,509$1,002$647$408$253$180
37 years$1,452$952$606$376$230$161
38 years$1,398$904$567$347$208$144
39 years$1,347$860$531$320$189$129
40 years$1,299$818$498$295$171$116
41 years$1,253$779$467$272$155$104
42 years$1,209$742$438$251$141$93
43 years$1,168$707$411$232$128$84
44 years$1,129$674$386$214$116$75
45 years$1,091$642$362$198$105$67
46 years$1,055$613$340$183$96$60
47 years$1,021$585$320$169$87$54
48 years$989$558$300$156$79$48
49 years$957$533$282$144$72$44
50 years$928$509$265$133$65$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $950,000, adding $6,653 every year, while hoping to spend $40,894 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: 66/12/22 Blend
34$950,000$950,000$950,000$950,000
35$1,053,763$1,003,413$988,688$1,116,977
36$1,117,735$1,009,069$978,298$1,165,914
37$1,186,863$1,013,632$966,189$1,214,124
38$1,261,628$1,017,004$952,261$1,265,873
39$1,342,560$1,019,084$936,408$1,321,512
40$1,430,244$1,019,761$918,520$1,381,425
41$1,525,319$1,018,920$898,481$1,446,038
42$1,628,492$1,016,438$876,171$1,515,821
43$1,740,537$1,012,182$851,461$1,591,293
44$1,862,308$1,006,015$824,222$1,673,027
45$1,994,743$997,790$794,313$1,761,656
46$2,138,875$987,349$761,590$1,857,877
47$2,295,839$974,528$725,902$1,962,462
48$2,466,885$959,151$687,091$2,076,263
49$2,653,390$941,032$644,991$2,200,219
50$2,856,867$919,974$599,429$2,335,367
51$3,078,983$895,768$550,226$2,482,852
52$3,321,572$868,194$497,191$2,643,938
53$3,586,654$837,017$440,129$2,820,021
54$3,876,453$801,990$378,833$3,012,638
55$4,193,415$762,852$313,088$3,223,489
56$4,540,237$719,325$242,670$3,454,448
57$4,919,886$671,118$167,345$3,707,585
58$5,335,631$617,919$86,867$3,985,181
59$5,791,070$559,401$982$4,289,756
60$6,290,167$495,219$0$4,624,087
61$6,837,286$425,007$0$5,012,526
62$7,437,236$348,379$0$5,438,798
63$8,095,310$264,926$0$5,906,473
64$8,817,342$174,218$0$6,419,738
65$9,609,755$75,798$0$6,983,207
66$10,479,624$0$0$7,601,966
67$11,434,745$0$0$8,285,688
68$12,483,704$0$0$9,047,639
69$13,635,959$0$0$9,884,689
70$14,901,930$0$0$10,804,415
71$16,293,096$0$0$11,815,165
72$17,822,102$0$0$12,926,135
73$19,502,881$0$0$14,147,458
74$21,350,782$0$0$15,490,295
75$23,382,714$0$0$16,966,946
76$25,617,310$0$0$18,590,959
77$28,075,095$0$0$20,377,263
78$30,778,686$0$0$22,342,306
79$33,753,001$0$0$24,504,211
80$37,025,496$0$0$26,882,943
81$40,626,420$0$0$29,500,504
82$44,589,105$0$0$32,381,135
83$48,950,275$0$0$35,551,545
84$53,750,397$0$0$39,041,164
85$59,034,057$0$0$42,882,420
86$64,850,387$0$0$47,111,045
87$71,253,520$0$0$51,766,409
88$78,303,107$0$0$56,891,897
89$86,064,876$0$0$62,535,312
90$94,611,254$0$0$68,749,330
91$104,022,046$0$0$75,591,993
92$114,385,194$0$0$83,127,259
93$125,797,598$0$0$91,425,607
94$138,366,040$0$0$100,564,697
95$152,208,180$0$0$110,630,104
96$167,453,676$0$0$121,716,129
97$184,245,401$0$0$133,926,683
98$202,740,792$0$0$147,376,273
99$223,113,338$0$0$162,191,076
100$245,554,212$0$0$178,510,136