Can I retire at age 35 with 966,000?

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 $966,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$79,771$79,061$78,368$77,691$77,030$74,327
2 years$39,491$38,755$38,043$37,351$36,681$33,986
3 years$26,066$25,327$24,616$23,931$23,272$20,669
4 years$19,354$18,618$17,914$17,241$16,598$14,108
5 years$15,329$14,597$13,902$13,243$12,617$10,247
6 years$12,646$11,919$11,235$10,590$9,984$7,734
7 years$10,730$10,010$9,336$8,707$8,119$5,991
8 years$9,294$8,580$7,918$7,304$6,736$4,726
9 years$8,178$7,471$6,820$6,221$5,673$3,779
10 years$7,285$6,585$5,946$5,363$4,833$3,053
11 years$6,555$5,862$5,234$4,667$4,157$2,486
12 years$5,948$5,262$4,645$4,094$3,602$2,037
13 years$5,434$4,755$4,150$3,614$3,141$1,677
14 years$4,994$4,322$3,729$3,208$2,754$1,387
15 years$4,613$3,948$3,367$2,861$2,424$1,150
16 years$4,280$3,623$3,053$2,562$2,143$956
17 years$3,986$3,336$2,778$2,302$1,900$797
18 years$3,725$3,083$2,536$2,075$1,689$666
19 years$3,493$2,857$2,321$1,874$1,506$557
20 years$3,283$2,655$2,130$1,698$1,345$466
21 years$3,094$2,473$1,960$1,541$1,204$390
22 years$2,922$2,308$1,806$1,401$1,079$327
23 years$2,766$2,159$1,668$1,276$968$275
24 years$2,622$2,023$1,542$1,164$870$231
25 years$2,490$1,898$1,428$1,063$783$194
26 years$2,369$1,784$1,325$972$706$163
27 years$2,257$1,679$1,230$889$636$137
28 years$2,153$1,582$1,144$815$574$115
29 years$2,056$1,493$1,064$747$518$97
30 years$1,966$1,410$991$686$468$82
31 years$1,882$1,333$924$630$423$69
32 years$1,804$1,261$862$579$383$58
33 years$1,730$1,194$805$532$347$49
34 years$1,661$1,132$752$490$314$41
35 years$1,596$1,073$703$451$284$35
36 years$1,534$1,019$658$415$258$29
37 years$1,476$968$616$383$233$24
38 years$1,422$920$577$353$212$21
39 years$1,370$874$540$325$192$17
40 years$1,321$832$506$300$174$15
41 years$1,274$792$475$277$158$12
42 years$1,230$754$445$255$143$10
43 years$1,188$719$418$236$130$9
44 years$1,148$685$392$218$118$7
45 years$1,110$653$368$201$107$6
46 years$1,073$623$346$186$97$5
47 years$1,038$595$325$172$88$4
48 years$1,005$568$305$159$80$4
49 years$974$542$287$146$73$3
50 years$943$518$270$135$66$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $966,000, adding $4,683 every year, while hoping to spend $43,256 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: 87/5/8 Blend
34$966,000$966,000$966,000$966,000
35$1,069,363$1,018,165$1,003,192$1,161,134
36$1,132,413$1,022,031$990,774$1,225,533
37$1,200,446$1,024,636$976,492$1,289,850
38$1,273,922$1,025,874$960,235$1,359,156
39$1,353,350$1,025,630$941,891$1,433,922
40$1,439,289$1,023,783$921,341$1,514,669
41$1,532,353$1,020,204$898,462$1,601,967
42$1,633,215$1,014,757$873,124$1,696,447
43$1,742,620$1,007,297$845,190$1,798,800
44$1,861,383$997,670$814,519$1,909,791
45$1,990,401$985,713$780,963$2,030,259
46$2,130,663$971,254$744,366$2,161,129
47$2,283,254$954,110$704,566$2,303,421
48$2,449,371$934,086$661,394$2,458,255
49$2,630,328$910,977$614,672$2,626,868
50$2,827,573$884,567$564,215$2,810,622
51$3,042,700$854,624$509,830$3,011,015
52$3,277,460$820,906$451,314$3,229,699
53$3,533,785$783,154$388,457$3,468,495
54$3,813,798$741,096$321,038$3,729,405
55$4,119,840$694,444$248,827$4,014,640
56$4,454,484$642,892$171,583$4,326,632
57$4,820,566$586,119$89,056$4,668,061
58$5,221,208$523,783$983$5,041,882
59$5,659,847$455,524$0$5,451,349
60$6,140,269$380,962$0$5,907,987
61$6,666,642$299,694$0$6,408,413
62$7,243,557$211,297$0$6,956,924
63$7,876,070$115,321$0$7,558,342
64$8,569,750$11,293$0$8,217,982
65$9,330,731$0$0$8,941,698
66$10,165,768$0$0$9,741,513
67$11,082,303$0$0$10,620,080
68$12,088,532$0$0$11,584,636
69$13,193,486$0$0$12,643,838
70$14,407,111$0$0$13,807,222
71$15,740,364$0$0$15,085,294
72$17,205,316$0$0$16,489,625
73$18,815,265$0$0$18,032,965
74$20,584,862$0$0$19,729,360
75$22,530,247$0$0$21,594,284
76$24,669,201$0$0$23,644,784
77$27,021,316$0$0$25,899,644
78$29,608,177$0$0$28,379,557
79$32,453,563$0$0$31,107,323
80$35,583,678$0$0$34,108,063
81$39,027,390$0$0$37,409,453
82$42,816,507$0$0$41,041,989
83$46,986,076$0$0$45,039,273
84$51,574,713$0$0$49,438,326
85$56,624,967$0$0$54,279,941
86$62,183,721$0$0$59,609,067
87$68,302,632$0$0$65,475,230
88$75,038,621$0$0$71,933,001
89$82,454,408$0$0$79,042,513
90$90,619,104$0$0$86,870,024
91$99,608,861$0$0$95,488,544
92$109,507,591$0$0$104,978,523
93$120,407,758$0$0$115,428,610
94$132,411,250$0$0$126,936,487
95$145,630,338$0$0$139,609,794
96$160,188,737$0$0$153,567,141
97$176,222,771$0$0$168,939,226
98$193,882,663$0$0$185,870,074
99$213,333,947$0$0$204,518,389
100$234,759,032$0$0$225,059,053