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%16.7%
1 years$78,450$77,751$77,070$76,404$75,754$73,684
2 years$38,837$38,113$37,412$36,733$36,073$34,003
3 years$25,634$24,908$24,208$23,535$22,887$20,880
4 years$19,034$18,310$17,617$16,956$16,323$14,396
5 years$15,075$14,355$13,672$13,024$12,408$10,567
6 years$12,436$11,722$11,049$10,415$9,818$8,064
7 years$10,552$9,844$9,182$8,563$7,985$6,318
8 years$9,140$8,438$7,787$7,183$6,624$5,043
9 years$8,042$7,347$6,707$6,118$5,579$4,082
10 years$7,165$6,476$5,847$5,274$4,753$3,339
11 years$6,447$5,765$5,148$4,590$4,088$2,754
12 years$5,849$5,175$4,568$4,026$3,543$2,287
13 years$5,344$4,676$4,082$3,554$3,089$1,909
14 years$4,911$4,251$3,667$3,155$2,708$1,600
15 years$4,536$3,883$3,311$2,814$2,384$1,346
16 years$4,209$3,563$3,002$2,520$2,107$1,136
17 years$3,920$3,281$2,732$2,264$1,868$961
18 years$3,664$3,032$2,494$2,040$1,661$814
19 years$3,435$2,810$2,283$1,843$1,481$691
20 years$3,229$2,611$2,095$1,670$1,323$587
21 years$3,043$2,432$1,927$1,515$1,184$500
22 years$2,874$2,270$1,776$1,378$1,061$426
23 years$2,720$2,123$1,640$1,255$952$363
24 years$2,579$1,989$1,517$1,144$856$310
25 years$2,449$1,867$1,405$1,045$770$265
26 years$2,330$1,755$1,303$956$694$226
27 years$2,220$1,651$1,210$875$626$193
28 years$2,117$1,556$1,125$801$564$165
29 years$2,022$1,468$1,047$735$510$141
30 years$1,934$1,386$975$674$461$121
31 years$1,851$1,311$909$619$416$103
32 years$1,774$1,240$848$569$377$88
33 years$1,701$1,174$792$523$341$76
34 years$1,633$1,113$740$482$309$65
35 years$1,569$1,056$692$443$280$56
36 years$1,509$1,002$647$408$253$48
37 years$1,452$952$606$376$230$41
38 years$1,398$904$567$347$208$35
39 years$1,347$860$531$320$189$30
40 years$1,299$818$498$295$171$26
41 years$1,253$779$467$272$155$22
42 years$1,209$742$438$251$141$19
43 years$1,168$707$411$232$128$16
44 years$1,129$674$386$214$116$14
45 years$1,091$642$362$198$105$12
46 years$1,055$613$340$183$96$10
47 years$1,021$585$320$169$87$9
48 years$989$558$300$156$79$7
49 years$957$533$282$144$72$6
50 years$928$509$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 $950,000, adding $6,418 every year, while hoping to spend $59,305 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: 50/43/7 Blend
34$950,000$950,000$950,000$950,000
35$1,053,520$1,003,170$988,445$1,104,006
36$1,097,879$989,225$958,458$1,125,177
37$1,144,775$972,610$925,479$1,141,283
38$1,194,404$953,130$889,344$1,157,381
39$1,246,981$930,580$849,884$1,173,481
40$1,302,738$904,744$806,921$1,189,604
41$1,361,933$875,392$760,269$1,205,773
42$1,424,845$842,281$709,732$1,222,019
43$1,491,779$805,153$655,108$1,238,379
44$1,563,072$763,736$596,185$1,254,900
45$1,639,088$717,743$532,741$1,271,638
46$1,720,231$666,868$464,543$1,288,662
47$1,806,940$610,790$391,351$1,306,050
48$1,899,697$549,168$312,911$1,323,897
49$1,999,032$481,643$228,959$1,342,313
50$2,105,524$407,834$139,220$1,361,426
51$2,219,810$327,341$43,406$1,381,386
52$2,342,589$239,738$0$1,402,365
53$2,474,625$144,578$0$1,428,955
54$2,616,762$41,388$0$1,460,733
55$2,769,924$0$0$1,494,739
56$2,935,125$0$0$1,564,572
57$3,113,480$0$0$1,661,186
58$3,306,215$0$0$1,765,672
59$3,514,677$0$0$1,878,768
60$3,740,345$0$0$2,001,290
61$3,984,848$0$0$2,134,133
62$4,249,974$0$0$2,278,279
63$4,537,691$0$0$2,434,812
64$4,850,163$0$0$2,604,923
65$5,189,771$0$0$2,789,920
66$5,559,132$0$0$2,991,244
67$5,961,128$0$0$3,210,481
68$6,398,930$0$0$3,449,376
69$6,876,025$0$0$3,709,847
70$7,396,252$0$0$3,994,009
71$7,963,837$0$0$4,304,186
72$8,583,431$0$0$4,642,940
73$9,260,152$0$0$5,013,088
74$9,999,637$0$0$5,417,733
75$10,808,091$0$0$5,860,290
76$11,692,344$0$0$6,344,522
77$12,659,919$0$0$6,874,570
78$13,719,097$0$0$7,454,995
79$14,879,000$0$0$8,090,818
80$16,149,669$0$0$8,787,570
81$17,542,167$0$0$9,551,343
82$19,068,675$0$0$10,388,846
83$20,742,609$0$0$11,307,466
84$22,578,745$0$0$12,315,343
85$24,593,359$0$0$13,421,441
86$26,804,378$0$0$14,635,633
87$29,231,550$0$0$15,968,798
88$31,896,628$0$0$17,432,915
89$34,823,572$0$0$19,041,184
90$38,038,779$0$0$20,808,145
91$41,571,328$0$0$22,749,816
92$45,453,254$0$0$24,883,844
93$49,719,848$0$0$27,229,669
94$54,409,992$0$0$29,808,710
95$59,566,520$0$0$32,644,564
96$65,236,625$0$0$35,763,230
97$71,472,301$0$0$39,193,350
98$78,330,835$0$0$42,966,484
99$85,875,344$0$0$47,117,403
100$94,175,366$0$0$51,684,418