Can I retire at age 35 with 958,000?

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 $958,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$79,111$78,406$77,719$77,048$76,392$74,789
2 years$39,164$38,434$37,727$37,042$36,377$34,769
3 years$25,850$25,117$24,412$23,733$23,079$21,517
4 years$19,194$18,464$17,766$17,098$16,460$14,956
5 years$15,202$14,476$13,787$13,133$12,513$11,070
6 years$12,541$11,821$11,142$10,503$9,901$8,522
7 years$10,641$9,927$9,259$8,635$8,052$6,737
8 years$9,217$8,509$7,852$7,244$6,680$5,428
9 years$8,110$7,409$6,763$6,170$5,626$4,436
10 years$7,225$6,531$5,896$5,319$4,793$3,666
11 years$6,501$5,814$5,191$4,629$4,122$3,055
12 years$5,898$5,218$4,607$4,060$3,572$2,563
13 years$5,389$4,716$4,116$3,584$3,115$2,162
14 years$4,952$4,286$3,698$3,182$2,731$1,833
15 years$4,575$3,916$3,339$2,838$2,404$1,559
16 years$4,244$3,593$3,027$2,541$2,125$1,330
17 years$3,953$3,309$2,755$2,283$1,884$1,138
18 years$3,695$3,057$2,515$2,057$1,675$976
19 years$3,464$2,833$2,302$1,859$1,493$838
20 years$3,256$2,633$2,113$1,684$1,334$721
21 years$3,068$2,453$1,943$1,528$1,194$622
22 years$2,898$2,289$1,791$1,389$1,070$536
23 years$2,743$2,141$1,654$1,265$960$463
24 years$2,600$2,006$1,529$1,154$863$400
25 years$2,470$1,883$1,417$1,054$777$346
26 years$2,350$1,769$1,314$964$700$299
27 years$2,238$1,665$1,220$882$631$259
28 years$2,135$1,569$1,134$808$569$225
29 years$2,039$1,480$1,055$741$514$195
30 years$1,950$1,398$983$680$464$169
31 years$1,867$1,322$916$625$420$146
32 years$1,789$1,250$855$574$380$127
33 years$1,716$1,184$798$528$344$110
34 years$1,647$1,122$746$486$311$95
35 years$1,582$1,065$697$447$282$83
36 years$1,522$1,010$652$412$255$72
37 years$1,464$960$611$379$231$62
38 years$1,410$912$572$350$210$54
39 years$1,358$867$536$322$190$47
40 years$1,310$825$502$297$173$41
41 years$1,264$785$471$274$157$35
42 years$1,220$748$442$253$142$31
43 years$1,178$713$414$234$129$27
44 years$1,138$679$389$216$117$23
45 years$1,100$648$365$199$106$20
46 years$1,064$618$343$184$96$18
47 years$1,030$590$322$170$88$15
48 years$997$563$303$157$80$13
49 years$965$538$285$145$72$11
50 years$935$514$268$134$66$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $958,000, adding $6,503 every year, while hoping to spend $23,089 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: 63/16/21 Blend
34$958,000$958,000$958,000$958,000
35$1,062,424$1,011,650$996,801$1,123,204
36$1,146,225$1,036,654$1,005,627$1,189,970
37$1,237,799$1,062,110$1,013,975$1,259,692
38$1,337,916$1,088,015$1,021,805$1,335,310
39$1,447,422$1,114,365$1,029,073$1,417,401
40$1,567,247$1,141,158$1,035,736$1,506,601
41$1,698,419$1,168,388$1,041,746$1,603,612
42$1,842,067$1,196,048$1,047,054$1,709,207
43$1,999,435$1,224,131$1,051,607$1,824,237
44$2,171,893$1,252,629$1,055,351$1,949,639
45$2,360,949$1,281,531$1,058,229$2,086,448
46$2,568,267$1,310,827$1,060,180$2,235,801
47$2,795,675$1,340,503$1,061,142$2,398,955
48$3,045,191$1,370,545$1,061,047$2,577,292
49$3,319,035$1,400,935$1,059,826$2,772,335
50$3,619,653$1,431,657$1,057,407$2,985,765
51$3,949,739$1,462,690$1,053,711$3,219,431
52$4,312,261$1,494,011$1,048,660$3,475,375
53$4,710,490$1,525,596$1,042,168$3,755,842
54$5,148,028$1,557,417$1,034,148$4,063,310
55$5,628,841$1,589,446$1,024,507$4,400,510
56$6,157,303$1,621,648$1,013,147$4,770,450
57$6,738,228$1,653,990$999,969$5,176,445
58$7,376,924$1,686,432$984,864$5,622,150
59$8,079,236$1,718,933$967,723$6,111,593
60$8,851,605$1,751,447$948,428$6,649,212
61$9,701,126$1,783,925$926,858$7,239,899
62$10,635,618$1,816,314$902,884$7,889,046
63$11,663,694$1,848,558$876,375$8,602,594
64$12,794,847$1,880,593$847,190$9,387,092
65$14,039,534$1,912,354$815,182$10,249,758
66$15,409,276$1,943,769$780,201$11,198,546
67$16,916,769$1,974,761$742,085$12,242,223
68$18,576,003$2,005,248$700,668$13,390,451
69$20,402,392$2,035,141$655,777$14,653,879
70$22,412,918$2,064,345$607,227$16,044,242
71$24,626,297$2,092,759$554,831$17,574,475
72$27,063,149$2,120,274$498,387$19,258,834
73$29,746,196$2,146,774$437,690$21,113,027
74$32,700,477$2,172,135$372,521$23,154,372
75$35,953,579$2,196,223$302,654$25,401,949
76$39,535,904$2,218,898$227,853$27,876,791
77$43,480,951$2,240,008$147,870$30,602,074
78$47,825,632$2,259,393$62,448$33,603,345
79$52,610,624$2,276,881$0$36,908,756
80$57,880,749$2,292,289$0$40,555,766
81$63,685,397$2,305,423$0$44,587,488
82$70,078,996$2,316,076$0$49,027,665
83$77,121,518$2,324,029$0$53,917,897
84$84,879,053$2,329,046$0$59,304,027
85$93,424,428$2,330,881$0$65,236,574
86$102,837,894$2,329,268$0$71,771,208
87$113,207,885$2,323,928$0$78,969,279
88$124,631,851$2,314,563$0$86,898,391
89$137,217,180$2,300,857$0$95,633,046
90$151,082,209$2,282,475$0$105,255,343
91$166,357,339$2,259,062$0$115,855,756
92$183,186,273$2,230,241$0$127,533,987
93$201,727,363$2,195,613$0$140,399,906
94$222,155,112$2,154,756$0$154,574,592
95$244,661,814$2,107,220$0$170,191,472
96$269,459,377$2,052,532$0$187,397,584
97$296,781,317$1,990,189$0$206,354,964
98$326,884,962$1,919,659$0$227,242,175
99$360,053,886$1,840,379$0$250,255,996
100$396,600,579$1,751,755$0$275,613,276