Can I retire at age 35 with 954,000?

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 $954,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$78,780$78,079$77,394$76,726$76,073$74,355
2 years$39,000$38,274$37,570$36,887$36,225$34,504
3 years$25,742$25,012$24,310$23,634$22,983$21,311
4 years$19,114$18,387$17,692$17,027$16,392$14,783
5 years$15,138$14,415$13,729$13,078$12,461$10,919
6 years$12,489$11,771$11,095$10,459$9,860$8,388
7 years$10,597$9,886$9,220$8,599$8,019$6,616
8 years$9,179$8,474$7,820$7,213$6,652$5,318
9 years$8,076$7,378$6,735$6,144$5,602$4,336
10 years$7,195$6,503$5,872$5,296$4,773$3,574
11 years$6,474$5,789$5,169$4,609$4,105$2,971
12 years$5,874$5,196$4,588$4,043$3,557$2,486
13 years$5,366$4,696$4,099$3,569$3,102$2,092
14 years$4,932$4,268$3,683$3,169$2,719$1,768
15 years$4,556$3,899$3,325$2,826$2,394$1,500
16 years$4,227$3,578$3,015$2,530$2,116$1,276
17 years$3,937$3,295$2,743$2,273$1,876$1,089
18 years$3,679$3,045$2,504$2,049$1,668$931
19 years$3,449$2,822$2,292$1,851$1,487$797
20 years$3,242$2,622$2,104$1,677$1,328$684
21 years$3,055$2,442$1,935$1,522$1,189$588
22 years$2,886$2,280$1,784$1,384$1,065$505
23 years$2,731$2,132$1,647$1,260$956$435
24 years$2,590$1,998$1,523$1,149$860$375
25 years$2,460$1,875$1,411$1,050$774$323
26 years$2,340$1,762$1,308$960$697$279
27 years$2,229$1,658$1,215$878$628$240
28 years$2,126$1,563$1,129$805$567$208
29 years$2,031$1,474$1,051$738$512$179
30 years$1,942$1,392$979$677$462$155
31 years$1,859$1,316$913$622$418$134
32 years$1,781$1,245$852$572$378$116
33 years$1,708$1,179$795$526$342$100
34 years$1,640$1,118$743$484$310$87
35 years$1,576$1,060$695$445$281$75
36 years$1,515$1,006$650$410$254$65
37 years$1,458$956$608$378$230$56
38 years$1,404$908$569$348$209$48
39 years$1,353$864$534$321$189$42
40 years$1,304$822$500$296$172$36
41 years$1,258$782$469$273$156$31
42 years$1,215$745$440$252$141$27
43 years$1,173$710$413$233$128$24
44 years$1,133$677$387$215$117$20
45 years$1,096$645$364$199$106$18
46 years$1,060$615$342$183$96$15
47 years$1,026$587$321$169$87$13
48 years$993$561$302$157$79$11
49 years$961$535$284$145$72$10
50 years$931$511$267$134$65$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $954,000, adding $2,826 every year, while hoping to spend $50,569 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: 32/39/29 Blend
34$954,000$954,000$954,000$954,000
35$1,054,223$1,003,661$988,874$1,078,570
36$1,107,949$999,035$968,196$1,092,912
37$1,165,460$992,488$945,131$1,103,706
38$1,227,088$983,872$919,545$1,114,352
39$1,293,200$973,030$891,298$1,124,875
40$1,364,195$959,797$860,245$1,135,305
41$1,440,512$943,997$826,233$1,145,677
42$1,522,635$925,443$789,102$1,156,040
43$1,611,093$903,939$748,686$1,166,448
44$1,706,468$879,276$704,810$1,176,970
45$1,809,399$851,231$657,293$1,187,686
46$1,920,588$819,572$605,943$1,198,691
47$2,040,807$784,051$550,561$1,210,096
48$2,170,905$744,404$490,940$1,222,032
49$2,311,814$700,357$426,863$1,234,648
50$2,464,559$651,614$358,103$1,248,118
51$2,630,268$597,867$284,423$1,262,643
52$2,810,180$538,787$205,576$1,278,451
53$3,005,659$474,029$121,304$1,295,805
54$3,218,205$403,226$31,337$1,315,003
55$3,449,470$325,991$0$1,336,386
56$3,701,268$241,917$0$1,380,349
57$3,975,598$150,571$0$1,438,968
58$4,274,659$51,499$0$1,503,123
59$4,600,871$0$0$1,573,470
60$4,956,898$0$0$1,674,679
61$5,345,672$0$0$1,809,467
62$5,770,420$0$0$1,956,868
63$6,234,697$0$0$2,118,133
64$6,742,414$0$0$2,294,639
65$7,297,880$0$0$2,487,904
66$7,905,837$0$0$2,699,597
67$8,571,508$0$0$2,931,557
68$9,300,645$0$0$3,185,811
69$10,099,581$0$0$3,464,587
70$10,975,292$0$0$3,770,345
71$11,935,461$0$0$4,105,789
72$12,988,549$0$0$4,473,902
73$14,143,875$0$0$4,877,965
74$15,411,705$0$0$5,321,596
75$16,803,346$0$0$5,808,779
76$18,331,254$0$0$6,343,902
77$20,009,148$0$0$6,931,801
78$21,852,142$0$0$7,577,802
79$23,876,887$0$0$8,287,771
80$26,101,724$0$0$9,068,175
81$28,546,861$0$0$9,926,133
82$31,234,558$0$0$10,869,493
83$34,189,342$0$0$11,906,898
84$37,438,233$0$0$13,047,874
85$41,011,001$0$0$14,302,913
86$44,940,444$0$0$15,683,577
87$49,262,699$0$0$17,202,604
88$54,017,582$0$0$18,874,030
89$59,248,961$0$0$20,713,319
90$65,005,170$0$0$22,737,511
91$71,339,467$0$0$24,965,381
92$78,310,530$0$0$27,417,616
93$85,983,016$0$0$30,117,011
94$94,428,168$0$0$33,088,682
95$103,724,484$0$0$36,360,305
96$113,958,461$0$0$39,962,376
97$125,225,406$0$0$43,928,498
98$137,630,340$0$0$48,295,698
99$151,288,984$0$0$53,104,777
100$166,328,851$0$0$58,400,693