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%17.7%
1 years$79,937$79,225$78,530$77,852$77,190$74,779
2 years$39,573$38,836$38,121$37,429$36,757$34,349
3 years$26,120$25,379$24,667$23,981$23,320$20,992
4 years$19,395$18,657$17,951$17,277$16,632$14,400
5 years$15,360$14,627$13,931$13,270$12,643$10,514
6 years$12,672$11,944$11,258$10,612$10,004$7,980
7 years$10,752$10,031$9,356$8,725$8,136$6,216
8 years$9,313$8,598$7,934$7,319$6,750$4,933
9 years$8,195$7,486$6,834$6,234$5,684$3,969
10 years$7,300$6,599$5,958$5,374$4,843$3,226
11 years$6,569$5,874$5,245$4,677$4,165$2,644
12 years$5,960$5,273$4,655$4,102$3,610$2,181
13 years$5,445$4,765$4,159$3,622$3,148$1,808
14 years$5,004$4,331$3,737$3,215$2,759$1,505
15 years$4,622$3,957$3,374$2,867$2,429$1,258
16 years$4,289$3,630$3,059$2,567$2,147$1,053
17 years$3,994$3,343$2,783$2,307$1,904$884
18 years$3,733$3,089$2,541$2,079$1,693$744
19 years$3,500$2,863$2,326$1,878$1,509$627
20 years$3,290$2,660$2,135$1,701$1,348$529
21 years$3,100$2,478$1,964$1,544$1,206$447
22 years$2,928$2,313$1,810$1,404$1,081$377
23 years$2,771$2,164$1,671$1,278$970$319
24 years$2,628$2,027$1,545$1,166$872$270
25 years$2,496$1,902$1,431$1,065$785$229
26 years$2,374$1,788$1,327$974$707$194
27 years$2,262$1,683$1,233$891$637$164
28 years$2,157$1,586$1,146$817$575$139
29 years$2,061$1,496$1,066$749$519$118
30 years$1,970$1,413$993$687$469$100
31 years$1,886$1,335$926$631$424$85
32 years$1,807$1,264$864$580$384$72
33 years$1,734$1,197$807$533$347$61
34 years$1,664$1,134$754$491$314$52
35 years$1,599$1,076$705$452$285$44
36 years$1,537$1,021$659$416$258$38
37 years$1,479$970$617$383$234$32
38 years$1,425$922$578$353$212$27
39 years$1,373$876$541$326$192$23
40 years$1,323$834$507$301$174$20
41 years$1,277$794$476$277$158$17
42 years$1,232$756$446$256$144$14
43 years$1,190$720$419$236$130$12
44 years$1,150$686$393$218$118$10
45 years$1,112$655$369$201$107$9
46 years$1,075$624$347$186$97$7
47 years$1,041$596$326$172$89$6
48 years$1,007$569$306$159$80$5
49 years$976$543$288$147$73$5
50 years$945$519$270$136$66$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $968,000, adding $3,169 every year, while hoping to spend $56,302 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: 77/9/14 Blend
34$968,000$968,000$968,000$968,000
35$1,070,005$1,018,701$1,003,697$1,149,056
36$1,119,240$1,008,712$977,416$1,191,625
37$1,171,611$996,347$948,367$1,230,859
38$1,227,377$981,430$916,399$1,272,315
39$1,286,823$963,774$881,353$1,316,196
40$1,350,262$943,182$843,061$1,362,723
41$1,418,036$919,444$801,350$1,412,143
42$1,490,518$892,340$756,038$1,464,725
43$1,568,122$861,635$706,936$1,520,770
44$1,651,296$827,081$653,844$1,580,608
45$1,740,535$788,415$596,555$1,644,604
46$1,836,382$745,360$534,852$1,713,160
47$1,939,433$697,622$468,509$1,786,722
48$2,050,340$644,891$397,290$1,865,781
49$2,169,822$586,838$320,946$1,950,879
50$2,298,668$523,117$239,221$2,042,617
51$2,437,742$453,360$151,846$2,141,654
52$2,587,998$377,180$58,538$2,248,722
53$2,750,480$294,168$0$2,364,628
54$2,926,338$203,892$0$2,496,392
55$3,116,836$105,894$0$2,648,597
56$3,323,363$0$0$2,813,623
57$3,547,447$0$0$2,992,748
58$3,790,768$0$0$3,198,668
59$4,055,175$0$0$3,422,462
60$4,342,700$0$0$3,665,856
61$4,655,581$0$0$3,930,746
62$4,996,278$0$0$4,219,220
63$5,367,500$0$0$4,533,577
64$5,772,227$0$0$4,876,343
65$6,213,739$0$0$5,250,303
66$6,695,647$0$0$5,658,519
67$7,221,925$0$0$6,104,362
68$7,796,948$0$0$6,591,544
69$8,425,532$0$0$7,124,152
70$9,112,981$0$0$7,706,684
71$9,865,133$0$0$8,344,095
72$10,688,417$0$0$9,041,838
73$11,589,913$0$0$9,805,921
74$12,577,417$0$0$10,642,957
75$13,659,514$0$0$11,560,231
76$14,845,659$0$0$12,565,765
77$16,146,268$0$0$13,668,395
78$17,572,808$0$0$14,877,852
79$19,137,914$0$0$16,204,855
80$20,855,499$0$0$17,661,211
81$22,740,893$0$0$19,259,924
82$24,810,977$0$0$21,015,320
83$27,084,352$0$0$22,943,178
84$29,581,504$0$0$25,060,884
85$32,325,004$0$0$27,387,587
86$35,339,716$0$0$29,944,384
87$38,653,032$0$0$32,754,518
88$42,295,129$0$0$35,843,593
89$46,299,253$0$0$39,239,819
90$50,702,034$0$0$42,974,276
91$55,543,827$0$0$47,081,205
92$60,869,093$0$0$51,598,333
93$66,726,821$0$0$56,567,226
94$73,170,982$0$0$62,033,680
95$80,261,046$0$0$68,048,156
96$88,062,534$0$0$74,666,250
97$96,647,643$0$0$81,949,221
98$106,095,919$0$0$89,964,565
99$116,495,011$0$0$98,786,656
100$127,941,495$0$0$108,497,439