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%16%
1 years$79,441$78,733$78,043$77,369$76,711$74,826
2 years$39,327$38,595$37,885$37,197$36,529$34,642
3 years$25,958$25,222$24,514$23,832$23,176$21,345
4 years$19,274$18,541$17,840$17,170$16,529$14,769
5 years$15,265$14,536$13,845$13,188$12,565$10,880
6 years$12,593$11,870$11,188$10,547$9,942$8,335
7 years$10,686$9,968$9,298$8,671$8,086$6,556
8 years$9,256$8,545$7,885$7,274$6,708$5,255
9 years$8,144$7,440$6,791$6,196$5,649$4,271
10 years$7,255$6,558$5,921$5,341$4,813$3,509
11 years$6,528$5,838$5,213$4,648$4,140$2,908
12 years$5,923$5,240$4,626$4,077$3,587$2,425
13 years$5,411$4,735$4,133$3,599$3,128$2,034
14 years$4,973$4,304$3,714$3,195$2,742$1,713
15 years$4,594$3,932$3,353$2,849$2,414$1,448
16 years$4,262$3,608$3,040$2,551$2,134$1,228
17 years$3,970$3,322$2,766$2,292$1,892$1,044
18 years$3,710$3,070$2,525$2,066$1,682$889
19 years$3,478$2,845$2,312$1,867$1,499$759
20 years$3,270$2,644$2,122$1,691$1,339$649
21 years$3,081$2,463$1,951$1,534$1,199$555
22 years$2,910$2,299$1,799$1,395$1,074$475
23 years$2,754$2,150$1,661$1,271$964$408
24 years$2,611$2,015$1,536$1,159$867$350
25 years$2,480$1,891$1,422$1,058$780$300
26 years$2,359$1,777$1,319$968$703$258
27 years$2,248$1,672$1,225$886$633$222
28 years$2,144$1,576$1,139$812$572$191
29 years$2,048$1,486$1,060$744$516$164
30 years$1,958$1,404$987$683$466$141
31 years$1,875$1,327$920$627$422$121
32 years$1,796$1,256$859$576$381$105
33 years$1,723$1,189$802$530$345$90
34 years$1,654$1,127$749$488$312$78
35 years$1,589$1,069$700$449$283$67
36 years$1,528$1,015$655$414$256$58
37 years$1,470$964$613$381$232$50
38 years$1,416$916$574$351$211$43
39 years$1,364$871$538$324$191$37
40 years$1,315$829$504$299$173$32
41 years$1,269$789$473$276$157$27
42 years$1,225$751$444$254$143$24
43 years$1,183$716$416$235$129$20
44 years$1,143$682$391$217$118$17
45 years$1,105$651$367$200$107$15
46 years$1,069$621$345$185$97$13
47 years$1,034$592$324$171$88$11
48 years$1,001$565$304$158$80$10
49 years$969$540$286$146$73$8
50 years$939$516$269$135$66$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $962,000, adding $3,326 every year, while hoping to spend $42,372 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: 64/18/18 Blend
34$962,000$962,000$962,000$962,000
35$1,063,555$1,012,569$997,658$1,126,617
36$1,126,954$1,017,101$985,996$1,173,904
37$1,195,400$1,020,436$972,523$1,220,415
38$1,269,362$1,022,468$957,134$1,270,217
39$1,349,357$1,023,090$939,719$1,323,635
40$1,435,954$1,022,183$920,161$1,381,025
41$1,529,775$1,019,624$898,341$1,442,782
42$1,631,508$1,015,282$874,131$1,509,342
43$1,741,907$1,009,016$847,400$1,581,185
44$1,861,803$1,000,679$818,008$1,658,844
45$1,992,107$990,113$785,813$1,742,907
46$2,133,826$977,152$750,661$1,834,022
47$2,288,063$961,619$712,395$1,932,906
48$2,456,034$943,328$670,849$2,040,350
49$2,639,079$922,080$625,852$2,157,230
50$2,838,669$897,665$577,221$2,284,510
51$3,056,424$869,862$524,770$2,423,257
52$3,294,129$838,435$468,299$2,574,648
53$3,553,748$803,136$407,605$2,739,983
54$3,837,442$763,701$342,471$2,920,696
55$4,147,590$719,852$272,673$3,118,372
56$4,486,814$671,294$197,977$3,334,761
57$4,857,998$617,716$118,138$3,571,792
58$5,264,318$558,789$32,901$3,831,597
59$5,709,274$494,165$0$4,116,528
60$6,196,717$423,477$0$4,440,331
61$6,730,890$346,335$0$4,802,190
62$7,316,465$262,329$0$5,198,996
63$7,958,588$171,027$0$5,634,296
64$8,662,927$71,970$0$6,112,001
65$9,435,723$0$0$6,636,421
66$10,283,854$0$0$7,219,307
67$11,214,894$0$0$7,874,889
68$12,237,185$0$0$8,594,796
69$13,359,919$0$0$9,385,509
70$14,593,220$0$0$10,254,166
71$15,948,241$0$0$11,208,634
72$17,437,269$0$0$12,257,577
73$19,073,841$0$0$13,410,540
74$20,872,869$0$0$14,678,040
75$22,850,783$0$0$16,071,663
76$25,025,685$0$0$17,604,174
77$27,417,516$0$0$19,289,638
78$30,048,249$0$0$21,143,548
79$32,942,092$0$0$23,182,978
80$36,125,718$0$0$25,426,738
81$39,628,516$0$0$27,895,553
82$43,482,865$0$0$30,612,258
83$47,724,443$0$0$33,602,015
84$52,392,561$0$0$36,892,548
85$57,530,535$0$0$40,514,403
86$63,186,090$0$0$44,501,241
87$69,411,817$0$0$48,890,148
88$76,265,662$0$0$53,721,992
89$83,811,474$0$0$59,041,803
90$92,119,611$0$0$64,899,200
91$101,267,598$0$0$71,348,858
92$111,340,861$0$0$78,451,025
93$122,433,532$0$0$86,272,087
94$134,649,336$0$0$94,885,197
95$148,102,571$0$0$104,370,966
96$162,919,184$0$0$114,818,218
97$179,237,962$0$0$126,324,835
98$197,211,838$0$0$138,998,674
99$217,009,334$0$0$152,958,589
100$238,816,154$0$0$168,335,550