Can I retire at age 35 with 960,000?

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 $960,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$79,276$78,570$77,881$77,208$76,552$75,439
2 years$39,245$38,515$37,806$37,119$36,453$35,334
3 years$25,904$25,170$24,463$23,783$23,127$22,037
4 years$19,234$18,502$17,803$17,134$16,495$15,442
5 years$15,234$14,506$13,816$13,161$12,539$11,526
6 years$12,567$11,845$11,165$10,525$9,922$8,951
7 years$10,664$9,948$9,278$8,653$8,069$7,140
8 years$9,236$8,527$7,869$7,259$6,694$5,806
9 years$8,127$7,424$6,777$6,183$5,637$4,791
10 years$7,240$6,544$5,909$5,330$4,803$3,997
11 years$6,515$5,826$5,202$4,638$4,131$3,365
12 years$5,911$5,229$4,617$4,068$3,580$2,852
13 years$5,400$4,725$4,125$3,592$3,122$2,432
14 years$4,963$4,295$3,706$3,188$2,736$2,084
15 years$4,584$3,924$3,346$2,844$2,409$1,792
16 years$4,253$3,600$3,034$2,546$2,129$1,547
17 years$3,961$3,316$2,760$2,288$1,888$1,339
18 years$3,702$3,064$2,520$2,062$1,679$1,161
19 years$3,471$2,839$2,307$1,863$1,496$1,009
20 years$3,263$2,639$2,117$1,687$1,337$879
21 years$3,075$2,458$1,947$1,531$1,196$767
22 years$2,904$2,294$1,795$1,392$1,072$669
23 years$2,748$2,146$1,657$1,268$962$585
24 years$2,606$2,010$1,533$1,156$865$512
25 years$2,475$1,887$1,420$1,056$778$448
26 years$2,354$1,773$1,317$966$701$393
27 years$2,243$1,669$1,223$884$632$345
28 years$2,140$1,572$1,136$810$570$303
29 years$2,044$1,483$1,058$743$515$266
30 years$1,954$1,401$985$682$465$233
31 years$1,871$1,324$918$626$421$205
32 years$1,792$1,253$857$575$381$180
33 years$1,719$1,187$800$529$344$158
34 years$1,650$1,125$748$487$312$139
35 years$1,586$1,067$699$448$282$123
36 years$1,525$1,013$654$413$256$108
37 years$1,467$962$612$380$232$95
38 years$1,413$914$573$350$210$83
39 years$1,361$869$537$323$191$73
40 years$1,312$827$503$298$173$65
41 years$1,266$787$472$275$157$57
42 years$1,222$750$443$254$142$50
43 years$1,180$714$415$234$129$44
44 years$1,141$681$390$216$117$39
45 years$1,103$649$366$200$106$34
46 years$1,067$619$344$185$97$30
47 years$1,032$591$323$170$88$27
48 years$999$564$304$158$80$23
49 years$967$539$285$146$72$21
50 years$937$515$268$135$66$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $960,000, adding $5,586 every year, while hoping to spend $51,538 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: 74/8/18 Blend
34$960,000$960,000$960,000$960,000
35$1,063,682$1,012,802$997,922$1,137,557
36$1,117,341$1,007,593$976,516$1,182,073
37$1,174,747$1,000,402$952,666$1,223,993
38$1,236,226$991,077$926,235$1,268,581
39$1,302,138$979,456$897,081$1,316,089
40$1,372,877$965,371$865,055$1,366,798
41$1,448,877$948,640$830,000$1,421,015
42$1,530,611$929,072$791,754$1,479,083
43$1,618,601$906,464$750,145$1,541,377
44$1,713,420$880,603$704,997$1,608,315
45$1,815,697$851,261$656,123$1,680,354
46$1,926,123$818,197$603,328$1,758,003
47$2,045,457$781,158$546,408$1,841,822
48$2,174,533$739,875$485,153$1,932,429
49$2,314,269$694,062$419,339$2,030,506
50$2,465,673$643,419$348,735$2,136,810
51$2,629,854$587,629$273,099$2,252,171
52$2,808,030$526,354$192,180$2,377,510
53$3,001,543$459,239$105,712$2,513,840
54$3,211,868$385,910$13,421$2,662,283
55$3,440,628$305,968$0$2,824,076
56$3,689,607$218,996$0$3,016,921
57$3,960,770$124,550$0$3,229,800
58$4,256,279$22,163$0$3,461,856
59$4,578,512$0$0$3,714,987
60$4,930,088$0$0$3,999,088
61$5,313,888$0$0$4,311,399
62$5,733,086$0$0$4,652,554
63$6,191,172$0$0$5,025,401
64$6,691,993$0$0$5,433,074
65$7,239,782$0$0$5,879,025
66$7,839,198$0$0$6,367,054
67$8,495,376$0$0$6,901,345
68$9,213,965$0$0$7,486,507
69$10,001,191$0$0$8,127,614
70$10,863,907$0$0$8,830,255
71$11,809,662$0$0$9,600,584
72$12,846,769$0$0$10,445,380
73$13,984,386$0$0$11,372,111
74$15,232,598$0$0$12,388,998
75$16,602,514$0$0$13,505,102
76$18,106,372$0$0$14,730,399
77$19,757,651$0$0$16,075,882
78$21,571,200$0$0$17,553,658
79$23,563,376$0$0$19,177,066
80$25,752,199$0$0$20,960,798
81$28,157,522$0$0$22,921,043
82$30,801,213$0$0$25,075,633
83$33,707,367$0$0$27,444,216
84$36,902,528$0$0$30,048,437
85$40,415,941$0$0$32,912,142
86$44,279,827$0$0$36,061,607
87$48,529,685$0$0$39,525,779
88$53,204,629$0$0$43,336,552
89$58,347,751$0$0$47,529,066
90$64,006,534$0$0$52,142,041
91$70,233,293$0$0$57,218,138
92$77,085,671$0$0$62,804,360
93$84,627,182$0$0$68,952,502
94$92,927,809$0$0$75,719,630
95$102,064,663$0$0$83,168,625
96$112,122,709$0$0$91,368,774
97$123,195,570$0$0$100,396,422
98$135,386,409$0$0$110,335,693
99$148,808,897$0$0$121,279,283
100$163,588,290$0$0$133,329,334