Can I retire at age 35 with 962,000?

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 $962,000?

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 years$79,441$78,733$78,043$77,369$76,711$75,132
2 years$39,327$38,595$37,885$37,197$36,529$34,945
3 years$25,958$25,222$24,514$23,832$23,176$21,636
4 years$19,274$18,541$17,840$17,170$16,529$15,046
5 years$15,265$14,536$13,845$13,188$12,565$11,143
6 years$12,593$11,870$11,188$10,547$9,942$8,583
7 years$10,686$9,968$9,298$8,671$8,086$6,789
8 years$9,256$8,545$7,885$7,274$6,708$5,473
9 years$8,144$7,440$6,791$6,196$5,649$4,476
10 years$7,255$6,558$5,921$5,341$4,813$3,700
11 years$6,528$5,838$5,213$4,648$4,140$3,086
12 years$5,923$5,240$4,626$4,077$3,587$2,591
13 years$5,411$4,735$4,133$3,599$3,128$2,187
14 years$4,973$4,304$3,714$3,195$2,742$1,855
15 years$4,594$3,932$3,353$2,849$2,414$1,579
16 years$4,262$3,608$3,040$2,551$2,134$1,348
17 years$3,970$3,322$2,766$2,292$1,892$1,155
18 years$3,710$3,070$2,525$2,066$1,682$991
19 years$3,478$2,845$2,312$1,867$1,499$852
20 years$3,270$2,644$2,122$1,691$1,339$733
21 years$3,081$2,463$1,951$1,534$1,199$632
22 years$2,910$2,299$1,799$1,395$1,074$546
23 years$2,754$2,150$1,661$1,271$964$472
24 years$2,611$2,015$1,536$1,159$867$408
25 years$2,480$1,891$1,422$1,058$780$353
26 years$2,359$1,777$1,319$968$703$306
27 years$2,248$1,672$1,225$886$633$265
28 years$2,144$1,576$1,139$812$572$230
29 years$2,048$1,486$1,060$744$516$199
30 years$1,958$1,404$987$683$466$173
31 years$1,875$1,327$920$627$422$150
32 years$1,796$1,256$859$576$381$130
33 years$1,723$1,189$802$530$345$113
34 years$1,654$1,127$749$488$312$98
35 years$1,589$1,069$700$449$283$85
36 years$1,528$1,015$655$414$256$74
37 years$1,470$964$613$381$232$64
38 years$1,416$916$574$351$211$56
39 years$1,364$871$538$324$191$49
40 years$1,315$829$504$299$173$42
41 years$1,269$789$473$276$157$37
42 years$1,225$751$444$254$143$32
43 years$1,183$716$416$235$129$28
44 years$1,143$682$391$217$118$24
45 years$1,105$651$367$200$107$21
46 years$1,069$621$345$185$97$18
47 years$1,034$592$324$171$88$16
48 years$1,001$565$304$158$80$14
49 years$969$540$286$146$73$12
50 years$939$516$269$135$66$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $962,000, adding $5,617 every year, while hoping to spend $52,114 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: 65/11/24 Blend
34$962,000$962,000$962,000$962,000
35$1,065,918$1,014,932$1,000,021$1,128,213
36$1,119,193$1,009,215$978,073$1,165,153
37$1,176,155$1,001,471$953,643$1,199,141
38$1,237,125$991,546$926,592$1,235,103
39$1,302,457$979,276$896,778$1,273,237
40$1,372,535$964,488$864,047$1,313,762
41$1,447,783$946,998$828,243$1,356,921
42$1,528,668$926,611$789,200$1,402,984
43$1,615,698$903,122$746,744$1,452,251
44$1,709,436$876,311$700,697$1,505,053
45$1,810,496$845,948$650,868$1,561,758
46$1,919,556$811,789$597,061$1,622,774
47$2,037,358$773,574$539,070$1,688,551
48$2,164,719$731,029$476,679$1,759,591
49$2,302,537$683,866$409,664$1,836,448
50$2,451,798$631,777$337,790$1,919,734
51$2,613,587$574,441$260,812$2,010,129
52$2,789,098$511,513$178,474$2,108,384
53$2,979,641$442,633$90,509$2,215,332
54$3,186,661$367,418$0$2,331,894
55$3,411,745$285,466$0$2,459,949
56$3,656,638$196,349$0$2,624,553
57$3,923,263$99,618$0$2,803,828
58$4,213,734$0$0$2,999,233
59$4,530,377$0$0$3,213,006
60$4,875,753$0$0$3,459,387
61$5,252,680$0$0$3,728,337
62$5,664,262$0$0$4,022,077
63$6,113,913$0$0$4,343,052
64$6,605,392$0$0$4,693,955
65$7,142,841$0$0$5,077,748
66$7,730,816$0$0$5,497,697
67$8,374,335$0$0$5,957,393
68$9,078,926$0$0$6,460,795
69$9,850,672$0$0$7,012,260
70$10,696,276$0$0$7,616,587
71$11,623,117$0$0$8,279,062
72$12,639,325$0$0$9,005,504
73$13,753,852$0$0$9,802,326
74$14,976,558$0$0$10,676,589
75$16,318,304$0$0$11,636,072
76$17,791,053$0$0$12,689,341
77$19,407,983$0$0$13,845,835
78$21,183,612$0$0$15,115,950
79$23,133,928$0$0$16,511,139
80$25,276,549$0$0$18,044,018
81$27,630,881$0$0$19,728,486
82$30,218,302$0$0$21,579,856
83$33,062,366$0$0$23,614,995
84$36,189,022$0$0$25,852,489
85$39,626,856$0$0$28,312,814
86$43,407,366$0$0$31,018,529
87$47,565,253$0$0$33,994,487
88$52,138,750$0$0$37,268,073
89$57,169,981$0$0$40,869,458
90$62,705,360$0$0$44,831,886
91$68,796,025$0$0$49,191,985
92$75,498,322$0$0$53,990,112
93$82,874,334$0$0$59,270,735
94$90,992,467$0$0$65,082,851
95$99,928,095$0$0$71,480,447
96$109,764,271$0$0$78,523,012
97$120,592,508$0$0$86,276,092
98$132,513,642$0$0$94,811,914
99$145,638,783$0$0$104,210,063
100$160,090,365$0$0$114,558,234