Can I retire at age 35 with 968,000?

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 $968,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$79,937$79,225$78,530$77,852$77,190$74,215
2 years$39,573$38,836$38,121$37,429$36,757$33,796
3 years$26,120$25,379$24,667$23,981$23,320$20,465
4 years$19,395$18,657$17,951$17,277$16,632$13,905
5 years$15,360$14,627$13,931$13,270$12,643$10,052
6 years$12,672$11,944$11,258$10,612$10,004$7,550
7 years$10,752$10,031$9,356$8,725$8,136$5,818
8 years$9,313$8,598$7,934$7,319$6,750$4,565
9 years$8,195$7,486$6,834$6,234$5,684$3,630
10 years$7,300$6,599$5,958$5,374$4,843$2,916
11 years$6,569$5,874$5,245$4,677$4,165$2,361
12 years$5,960$5,273$4,655$4,102$3,610$1,923
13 years$5,445$4,765$4,159$3,622$3,148$1,573
14 years$5,004$4,331$3,737$3,215$2,759$1,293
15 years$4,622$3,957$3,374$2,867$2,429$1,065
16 years$4,289$3,630$3,059$2,567$2,147$880
17 years$3,994$3,343$2,783$2,307$1,904$729
18 years$3,733$3,089$2,541$2,079$1,693$604
19 years$3,500$2,863$2,326$1,878$1,509$502
20 years$3,290$2,660$2,135$1,701$1,348$417
21 years$3,100$2,478$1,964$1,544$1,206$347
22 years$2,928$2,313$1,810$1,404$1,081$289
23 years$2,771$2,164$1,671$1,278$970$241
24 years$2,628$2,027$1,545$1,166$872$201
25 years$2,496$1,902$1,431$1,065$785$168
26 years$2,374$1,788$1,327$974$707$140
27 years$2,262$1,683$1,233$891$637$117
28 years$2,157$1,586$1,146$817$575$98
29 years$2,061$1,496$1,066$749$519$81
30 years$1,970$1,413$993$687$469$68
31 years$1,886$1,335$926$631$424$57
32 years$1,807$1,264$864$580$384$48
33 years$1,734$1,197$807$533$347$40
34 years$1,664$1,134$754$491$314$33
35 years$1,599$1,076$705$452$285$28
36 years$1,537$1,021$659$416$258$23
37 years$1,479$970$617$383$234$19
38 years$1,425$922$578$353$212$16
39 years$1,373$876$541$326$192$14
40 years$1,323$834$507$301$174$11
41 years$1,277$794$476$277$158$9
42 years$1,232$756$446$256$144$8
43 years$1,190$720$419$236$130$7
44 years$1,150$686$393$218$118$6
45 years$1,112$655$369$201$107$5
46 years$1,075$624$347$186$97$4
47 years$1,041$596$326$172$89$3
48 years$1,007$569$306$159$80$3
49 years$976$543$288$147$73$2
50 years$945$519$270$136$66$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $968,000, adding $4,814 every year, while hoping to spend $27,785 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: 52/26/22 Blend
34$968,000$968,000$968,000$968,000
35$1,071,702$1,020,398$1,005,394$1,120,664
36$1,151,452$1,040,834$1,009,511$1,175,400
37$1,238,406$1,061,341$1,012,836$1,231,645
38$1,333,269$1,081,892$1,015,311$1,292,244
39$1,436,816$1,102,459$1,016,878$1,357,619
40$1,549,904$1,123,011$1,017,476$1,428,239
41$1,673,472$1,143,517$1,017,039$1,504,619
42$1,808,557$1,163,940$1,015,501$1,587,328
43$1,956,299$1,184,242$1,012,789$1,676,992
44$2,117,953$1,204,382$1,008,829$1,774,304
45$2,294,903$1,224,315$1,003,544$1,880,025
46$2,488,670$1,243,994$996,850$1,994,997
47$2,700,932$1,263,367$988,662$2,120,147
48$2,933,535$1,282,380$978,889$2,256,497
49$3,188,512$1,300,973$967,439$2,405,175
50$3,468,103$1,319,083$954,211$2,567,426
51$3,774,775$1,336,644$939,102$2,744,620
52$4,111,245$1,353,582$922,005$2,938,272
53$4,480,504$1,369,820$902,805$3,150,048
54$4,885,851$1,385,276$881,384$3,381,788
55$5,330,916$1,399,863$857,618$3,635,521
56$5,819,698$1,413,485$831,377$3,913,485
57$6,356,605$1,426,043$802,526$4,218,146
58$6,946,489$1,437,431$770,922$4,552,224
59$7,594,700$1,447,534$736,416$4,918,720
60$8,307,128$1,456,231$698,855$5,320,940
61$9,090,263$1,463,395$658,075$5,762,533
62$9,951,256$1,468,887$613,906$6,247,520
63$10,897,985$1,472,563$566,173$6,780,335
64$11,939,129$1,474,268$514,688$7,365,868
65$13,084,249$1,473,836$459,260$8,009,510
66$14,343,883$1,471,095$399,686$8,717,205
67$15,729,639$1,465,858$335,755$9,495,507
68$17,254,306$1,457,929$267,247$10,351,641
69$18,931,977$1,447,099$193,931$11,293,574
70$20,778,178$1,433,147$115,568$12,330,088
71$22,810,020$1,415,838$31,906$13,470,867
72$25,046,351$1,394,924$0$14,726,586
73$27,507,945$1,370,141$0$16,122,482
74$30,217,687$1,341,209$0$17,666,929
75$33,200,796$1,307,834$0$19,366,801
76$36,485,062$1,269,702$0$21,237,935
77$40,101,102$1,226,482$0$23,297,786
78$44,082,658$1,177,823$0$25,565,593
79$48,466,907$1,123,354$0$28,062,559
80$53,294,815$1,062,681$0$30,812,050
81$58,611,524$995,391$0$33,839,823
82$64,466,778$921,044$0$37,174,260
83$70,915,390$839,176$0$40,846,646
84$78,017,759$749,295$0$44,891,457
85$85,840,444$650,884$0$49,346,691
86$94,456,786$543,394$0$54,254,226
87$103,947,605$426,246$0$59,660,217
88$114,401,958$298,830$0$65,615,529
89$125,917,983$160,498$0$72,176,224
90$138,603,824$10,570$0$79,404,084
91$152,578,651$0$0$87,367,201
92$167,973,783$0$0$96,184,014
93$184,933,930$0$0$105,900,599
94$203,618,557$0$0$116,605,308
95$224,203,389$0$0$128,398,838
96$246,882,069$0$0$141,392,151
97$271,867,988$0$0$155,707,525
98$299,396,294$0$0$171,479,709
99$329,726,118$0$0$188,857,192
100$363,143,013$0$0$208,003,604