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%17.9%
1 years$79,441$78,733$78,043$77,369$76,711$74,256
2 years$39,327$38,595$37,885$37,197$36,529$34,078
3 years$25,958$25,222$24,514$23,832$23,176$20,805
4 years$19,274$18,541$17,840$17,170$16,529$14,258
5 years$15,265$14,536$13,845$13,188$12,565$10,400
6 years$12,593$11,870$11,188$10,547$9,942$7,884
7 years$10,686$9,968$9,298$8,671$8,086$6,135
8 years$9,256$8,545$7,885$7,274$6,708$4,863
9 years$8,144$7,440$6,791$6,196$5,649$3,907
10 years$7,255$6,558$5,921$5,341$4,813$3,173
11 years$6,528$5,838$5,213$4,648$4,140$2,597
12 years$5,923$5,240$4,626$4,077$3,587$2,139
13 years$5,411$4,735$4,133$3,599$3,128$1,771
14 years$4,973$4,304$3,714$3,195$2,742$1,472
15 years$4,594$3,932$3,353$2,849$2,414$1,228
16 years$4,262$3,608$3,040$2,551$2,134$1,027
17 years$3,970$3,322$2,766$2,292$1,892$861
18 years$3,710$3,070$2,525$2,066$1,682$723
19 years$3,478$2,845$2,312$1,867$1,499$609
20 years$3,270$2,644$2,122$1,691$1,339$513
21 years$3,081$2,463$1,951$1,534$1,199$432
22 years$2,910$2,299$1,799$1,395$1,074$365
23 years$2,754$2,150$1,661$1,271$964$308
24 years$2,611$2,015$1,536$1,159$867$260
25 years$2,480$1,891$1,422$1,058$780$220
26 years$2,359$1,777$1,319$968$703$186
27 years$2,248$1,672$1,225$886$633$158
28 years$2,144$1,576$1,139$812$572$134
29 years$2,048$1,486$1,060$744$516$113
30 years$1,958$1,404$987$683$466$96
31 years$1,875$1,327$920$627$422$81
32 years$1,796$1,256$859$576$381$69
33 years$1,723$1,189$802$530$345$58
34 years$1,654$1,127$749$488$312$49
35 years$1,589$1,069$700$449$283$42
36 years$1,528$1,015$655$414$256$36
37 years$1,470$964$613$381$232$30
38 years$1,416$916$574$351$211$26
39 years$1,364$871$538$324$191$22
40 years$1,315$829$504$299$173$18
41 years$1,269$789$473$276$157$16
42 years$1,225$751$444$254$143$13
43 years$1,183$716$416$235$129$11
44 years$1,143$682$391$217$118$9
45 years$1,105$651$367$200$107$8
46 years$1,069$621$345$185$97$7
47 years$1,034$592$324$171$88$6
48 years$1,001$565$304$158$80$5
49 years$969$540$286$146$73$4
50 years$939$516$269$135$66$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $962,000, adding $6,849 every year, while hoping to spend $48,159 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: 29/41/30 Blend
34$962,000$962,000$962,000$962,000
35$1,067,189$1,016,203$1,001,292$1,088,139
36$1,124,801$1,014,756$983,594$1,103,924
37$1,186,676$1,011,624$963,690$1,116,276
38$1,253,197$1,006,674$941,454$1,128,611
39$1,324,786$999,764$916,755$1,140,962
40$1,401,906$990,743$889,458$1,153,370
41$1,485,064$979,454$859,419$1,165,886
42$1,574,820$965,726$826,488$1,178,569
43$1,671,786$949,382$790,511$1,191,489
44$1,776,638$930,231$751,322$1,204,731
45$1,890,116$908,074$708,753$1,218,391
46$2,013,035$882,696$662,623$1,232,584
47$2,146,291$853,875$612,747$1,247,441
48$2,290,869$821,370$558,930$1,263,115
49$2,447,851$784,932$500,968$1,279,780
50$2,618,431$744,292$438,649$1,297,637
51$2,803,917$699,169$371,750$1,316,915
52$3,005,753$649,264$300,041$1,337,875
53$3,225,526$594,264$223,277$1,360,812
54$3,464,980$533,833$141,208$1,386,064
55$3,726,038$467,621$53,568$1,414,011
56$4,010,814$395,255$0$1,445,085
57$4,321,636$316,341$0$1,492,561
58$4,661,066$230,465$0$1,563,326
59$5,031,924$137,188$0$1,640,928
60$5,437,316$36,045$0$1,726,159
61$5,880,660$0$0$1,819,899
62$6,365,721$0$0$1,956,268
63$6,896,643$0$0$2,123,480
64$7,477,989$0$0$2,306,729
65$8,114,787$0$0$2,507,620
66$8,812,570$0$0$2,727,918
67$9,577,435$0$0$2,969,568
68$10,416,094$0$0$3,234,715
69$11,335,942$0$0$3,525,717
70$12,345,122$0$0$3,845,174
71$13,452,606$0$0$4,195,951
72$14,668,274$0$0$4,581,203
73$16,003,010$0$0$5,004,404
74$17,468,805$0$0$5,469,382
75$19,078,865$0$0$5,980,357
76$20,847,742$0$0$6,541,973
77$22,791,463$0$0$7,159,350
78$24,927,687$0$0$7,838,127
79$27,275,867$0$0$8,584,519
80$29,857,438$0$0$9,405,369
81$32,696,010$0$0$10,308,221
82$35,817,600$0$0$11,301,385
83$39,250,870$0$0$12,394,015
84$43,027,400$0$0$13,596,201
85$47,181,983$0$0$14,919,056
86$51,752,956$0$0$16,374,827
87$56,782,558$0$0$17,977,010
88$62,317,330$0$0$19,740,471
89$68,408,551$0$0$21,681,594
90$75,112,725$0$0$23,818,431
91$82,492,110$0$0$26,170,873
92$90,615,305$0$0$28,760,837
93$99,557,900$0$0$31,612,474
94$109,403,184$0$0$34,752,397
95$120,242,934$0$0$38,209,928
96$132,178,278$0$0$42,017,380
97$145,320,650$0$0$46,210,358
98$159,792,840$0$0$50,828,098
99$175,730,152$0$0$55,913,831
100$193,281,681$0$0$61,515,199