Can I retire at age 35 with 956,000?

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 $956,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$78,946$78,242$77,556$76,887$76,233$74,239
2 years$39,082$38,354$37,649$36,965$36,301$34,307
3 years$25,796$25,065$24,361$23,684$23,031$21,097
4 years$19,154$18,425$17,729$17,063$16,426$14,568
5 years$15,170$14,446$13,758$13,106$12,487$10,710
6 years$12,515$11,796$11,119$10,481$9,880$8,186
7 years$10,619$9,906$9,240$8,617$8,035$6,424
8 years$9,198$8,491$7,836$7,228$6,666$5,137
9 years$8,093$7,393$6,749$6,157$5,614$4,166
10 years$7,210$6,517$5,884$5,307$4,783$3,414
11 years$6,488$5,802$5,180$4,619$4,114$2,822
12 years$5,886$5,207$4,597$4,052$3,565$2,348
13 years$5,378$4,706$4,107$3,577$3,109$1,963
14 years$4,942$4,277$3,691$3,175$2,725$1,649
15 years$4,565$3,908$3,332$2,832$2,399$1,390
16 years$4,235$3,585$3,021$2,535$2,121$1,176
17 years$3,945$3,302$2,749$2,278$1,880$996
18 years$3,687$3,051$2,509$2,053$1,672$846
19 years$3,456$2,828$2,297$1,855$1,490$720
20 years$3,249$2,628$2,108$1,680$1,331$613
21 years$3,062$2,447$1,939$1,525$1,191$523
22 years$2,892$2,285$1,787$1,386$1,068$447
23 years$2,737$2,137$1,650$1,263$958$382
24 years$2,595$2,002$1,526$1,152$861$327
25 years$2,465$1,879$1,414$1,052$775$280
26 years$2,345$1,766$1,311$962$698$239
27 years$2,234$1,662$1,217$880$630$205
28 years$2,131$1,566$1,132$806$568$176
29 years$2,035$1,477$1,053$740$513$151
30 years$1,946$1,395$981$679$463$129
31 years$1,863$1,319$915$623$419$111
32 years$1,785$1,248$853$573$379$95
33 years$1,712$1,182$797$527$343$82
34 years$1,644$1,120$744$485$311$70
35 years$1,579$1,062$696$446$281$60
36 years$1,518$1,008$651$411$255$52
37 years$1,461$958$609$379$231$44
38 years$1,407$910$571$349$209$38
39 years$1,356$865$535$322$190$33
40 years$1,307$823$501$297$172$28
41 years$1,261$784$470$274$156$24
42 years$1,217$746$441$253$142$21
43 years$1,175$711$414$233$129$18
44 years$1,136$678$388$215$117$15
45 years$1,098$646$365$199$106$13
46 years$1,062$617$342$184$96$11
47 years$1,028$589$322$170$87$10
48 years$995$562$302$157$79$8
49 years$963$537$284$145$72$7
50 years$933$513$267$134$65$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $956,000, adding $5,289 every year, while hoping to spend $59,954 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: 67/18/15 Blend
34$956,000$956,000$956,000$956,000
35$1,058,968$1,008,300$993,482$1,125,831
36$1,103,192$993,916$962,973$1,156,729
37$1,149,917$976,818$929,432$1,182,966
38$1,199,336$956,809$892,696$1,210,151
39$1,251,658$933,682$852,590$1,238,373
40$1,307,111$907,216$808,936$1,267,733
41$1,365,945$877,179$761,544$1,298,341
42$1,428,434$843,324$710,219$1,330,323
43$1,494,877$805,389$654,754$1,363,818
44$1,565,600$763,098$594,933$1,398,982
45$1,640,962$716,161$530,534$1,435,990
46$1,721,354$664,267$461,321$1,475,037
47$1,807,206$607,090$387,049$1,516,340
48$1,898,989$544,285$307,463$1,560,142
49$1,997,218$475,487$222,296$1,606,715
50$2,102,459$400,311$131,268$1,656,359
51$2,215,333$318,349$34,088$1,709,412
52$2,336,521$229,172$0$1,766,249
53$2,466,769$132,324$0$1,838,427
54$2,606,898$27,327$0$1,921,816
55$2,757,808$0$0$2,011,523
56$2,920,489$0$0$2,125,277
57$3,096,027$0$0$2,253,906
58$3,285,616$0$0$2,392,879
59$3,490,567$0$0$2,543,162
60$3,712,323$0$0$2,705,820
61$3,952,468$0$0$2,882,022
62$4,212,744$0$0$3,073,053
63$4,495,069$0$0$3,280,327
64$4,801,548$0$0$3,505,398
65$5,134,499$0$0$3,749,976
66$5,496,472$0$0$4,015,943
67$5,890,271$0$0$4,305,367
68$6,318,982$0$0$4,620,526
69$6,786,001$0$0$4,963,926
70$7,295,063$0$0$5,338,325
71$7,850,283$0$0$5,746,756
72$8,456,184$0$0$6,192,561
73$9,117,751$0$0$6,679,416
74$9,840,468$0$0$7,211,370
75$10,630,371$0$0$7,792,879
76$11,494,109$0$0$8,428,849
77$12,439,001$0$0$9,124,683
78$13,473,106$0$0$9,886,328
79$14,605,297$0$0$10,720,336
80$15,845,346$0$0$11,633,919
81$17,204,015$0$0$12,635,020
82$18,693,155$0$0$13,732,389
83$20,325,819$0$0$14,935,661
84$22,116,383$0$0$16,255,447
85$24,080,680$0$0$17,703,436
86$26,236,150$0$0$19,292,503
87$28,602,005$0$0$21,036,829
88$31,199,405$0$0$22,952,036
89$34,051,659$0$0$25,055,332
90$37,184,445$0$0$27,365,673
91$40,626,051$0$0$29,903,941
92$44,407,637$0$0$32,693,143
93$48,563,533$0$0$35,758,621
94$53,131,560$0$0$39,128,298
95$58,153,384$0$0$42,832,934
96$63,674,909$0$0$46,906,420
97$69,746,711$0$0$51,386,095
98$76,424,512$0$0$56,313,095
99$83,769,702$0$0$61,732,746
100$91,849,924$0$0$67,694,987