Can I retire at age 35 with 953,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $953,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$78,698$77,997$77,313$76,645$75,994$74,187
2 years$38,959$38,234$37,531$36,849$36,187$34,377
3 years$25,715$24,986$24,285$23,609$22,959$21,202
4 years$19,094$18,367$17,673$17,009$16,374$14,685
5 years$15,122$14,400$13,715$13,065$12,448$10,830
6 years$12,476$11,759$11,084$10,448$9,849$8,305
7 years$10,586$9,875$9,211$8,590$8,010$6,540
8 years$9,169$8,465$7,811$7,206$6,645$5,248
9 years$8,068$7,370$6,728$6,138$5,596$4,271
10 years$7,187$6,496$5,866$5,291$4,768$3,514
11 years$6,467$5,783$5,164$4,605$4,101$2,915
12 years$5,868$5,191$4,583$4,039$3,554$2,435
13 years$5,361$4,691$4,095$3,566$3,099$2,045
14 years$4,927$4,264$3,679$3,165$2,716$1,725
15 years$4,551$3,895$3,322$2,823$2,392$1,460
16 years$4,222$3,574$3,012$2,528$2,114$1,240
17 years$3,933$3,291$2,740$2,271$1,874$1,055
18 years$3,675$3,041$2,502$2,047$1,667$900
19 years$3,446$2,819$2,290$1,849$1,485$769
20 years$3,239$2,619$2,102$1,675$1,327$658
21 years$3,052$2,440$1,933$1,520$1,187$564
22 years$2,883$2,277$1,782$1,382$1,064$484
23 years$2,728$2,130$1,645$1,259$955$416
24 years$2,587$1,996$1,521$1,148$859$357
25 years$2,457$1,873$1,409$1,048$773$307
26 years$2,337$1,760$1,307$959$696$264
27 years$2,227$1,657$1,214$877$628$228
28 years$2,124$1,561$1,128$804$566$196
29 years$2,029$1,473$1,050$737$511$169
30 years$1,940$1,391$978$677$462$146
31 years$1,857$1,315$912$621$418$125
32 years$1,779$1,244$851$571$378$108
33 years$1,707$1,178$794$525$342$93
34 years$1,638$1,117$742$483$310$81
35 years$1,574$1,059$694$445$280$69
36 years$1,514$1,005$649$410$254$60
37 years$1,456$955$607$377$230$52
38 years$1,402$907$569$348$209$45
39 years$1,351$863$533$321$189$39
40 years$1,303$821$500$296$172$33
41 years$1,257$781$468$273$156$29
42 years$1,213$744$439$252$141$25
43 years$1,172$709$412$233$128$21
44 years$1,132$676$387$215$116$18
45 years$1,095$644$363$198$106$16
46 years$1,059$615$341$183$96$14
47 years$1,024$587$321$169$87$12
48 years$992$560$301$156$79$10
49 years$960$535$283$145$72$9
50 years$930$511$266$134$65$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $953,000, adding $5,621 every year, while hoping to spend $58,860 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: 69/14/17 Blend
34$953,000$953,000$953,000$953,000
35$1,056,004$1,005,495$990,724$1,124,216
36$1,101,090$992,138$961,286$1,157,039
37$1,148,802$976,153$928,890$1,185,443
38$1,199,345$957,350$893,374$1,215,042
39$1,252,945$935,527$854,568$1,245,950
40$1,309,848$910,470$812,298$1,278,290
41$1,370,320$881,952$766,379$1,312,202
42$1,434,658$849,732$716,617$1,347,839
43$1,503,182$813,557$662,812$1,385,374
44$1,576,244$773,159$604,754$1,424,999
45$1,654,230$728,253$542,223$1,466,926
46$1,737,562$678,539$474,988$1,511,394
47$1,826,705$623,699$402,812$1,558,664
48$1,922,166$563,396$325,442$1,609,031
49$2,024,501$497,277$242,619$1,662,820
50$2,134,322$424,966$154,069$1,720,393
51$2,252,299$346,066$59,507$1,782,152
52$2,379,169$260,158$0$1,848,543
53$2,515,739$166,801$0$1,927,572
54$2,662,897$65,527$0$2,024,285
55$2,821,618$0$0$2,128,545
56$2,992,972$0$0$2,247,892
57$3,178,136$0$0$2,387,808
58$3,378,403$0$0$2,539,180
59$3,595,194$0$0$2,703,089
60$3,830,072$0$0$2,880,720
61$4,084,754$0$0$3,073,381
62$4,361,131$0$0$3,282,506
63$4,661,280$0$0$3,509,675
64$4,987,487$0$0$3,756,623
65$5,342,265$0$0$4,025,263
66$5,728,382$0$0$4,317,696
67$6,148,880$0$0$4,636,236
68$6,607,109$0$0$4,983,429
69$7,106,756$0$0$5,362,075
70$7,651,877$0$0$5,775,258
71$8,246,938$0$0$6,226,374
72$8,896,854$0$0$6,719,157
73$9,607,036$0$0$7,257,722
74$10,383,442$0$0$7,846,596
75$11,232,630$0$0$8,490,766
76$12,161,824$0$0$9,195,721
77$13,178,974$0$0$9,967,508
78$14,292,838$0$0$10,812,782
79$15,513,058$0$0$11,738,874
80$16,850,256$0$0$12,753,858
81$18,316,125$0$0$13,866,626
82$19,923,548$0$0$15,086,970
83$21,686,713$0$0$16,425,676
84$23,621,245$0$0$17,894,625
85$25,744,359$0$0$19,506,903
86$28,075,013$0$0$21,276,925
87$30,634,092$0$0$23,220,570
88$33,444,604$0$0$25,355,328
89$36,531,892$0$0$27,700,468
90$39,923,875$0$0$30,277,218
91$43,651,311$0$0$33,108,963
92$47,748,084$0$0$36,221,464
93$52,251,524$0$0$39,643,106
94$57,202,760$0$0$43,405,157
95$62,647,101$0$0$47,542,069
96$68,634,469$0$0$52,091,798
97$75,219,866$0$0$57,096,163
98$82,463,890$0$0$62,601,239
99$90,433,311$0$0$68,657,794
100$99,201,693$0$0$75,321,760