Can I retire at age 35 with 968,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%17.3%
1 years$79,937$79,225$78,530$77,852$77,190$74,899
2 years$39,573$38,836$38,121$37,429$36,757$34,468
3 years$26,120$25,379$24,667$23,981$23,320$21,105
4 years$19,395$18,657$17,951$17,277$16,632$14,507
5 years$15,360$14,627$13,931$13,270$12,643$10,615
6 years$12,672$11,944$11,258$10,612$10,004$8,074
7 years$10,752$10,031$9,356$8,725$8,136$6,304
8 years$9,313$8,598$7,934$7,319$6,750$5,014
9 years$8,195$7,486$6,834$6,234$5,684$4,044
10 years$7,300$6,599$5,958$5,374$4,843$3,296
11 years$6,569$5,874$5,245$4,677$4,165$2,708
12 years$5,960$5,273$4,655$4,102$3,610$2,240
13 years$5,445$4,765$4,159$3,622$3,148$1,862
14 years$5,004$4,331$3,737$3,215$2,759$1,554
15 years$4,622$3,957$3,374$2,867$2,429$1,302
16 years$4,289$3,630$3,059$2,567$2,147$1,094
17 years$3,994$3,343$2,783$2,307$1,904$921
18 years$3,733$3,089$2,541$2,079$1,693$777
19 years$3,500$2,863$2,326$1,878$1,509$657
20 years$3,290$2,660$2,135$1,701$1,348$556
21 years$3,100$2,478$1,964$1,544$1,206$471
22 years$2,928$2,313$1,810$1,404$1,081$399
23 years$2,771$2,164$1,671$1,278$970$339
24 years$2,628$2,027$1,545$1,166$872$288
25 years$2,496$1,902$1,431$1,065$785$244
26 years$2,374$1,788$1,327$974$707$208
27 years$2,262$1,683$1,233$891$637$177
28 years$2,157$1,586$1,146$817$575$150
29 years$2,061$1,496$1,066$749$519$128
30 years$1,970$1,413$993$687$469$109
31 years$1,886$1,335$926$631$424$93
32 years$1,807$1,264$864$580$384$79
33 years$1,734$1,197$807$533$347$67
34 years$1,664$1,134$754$491$314$57
35 years$1,599$1,076$705$452$285$49
36 years$1,537$1,021$659$416$258$42
37 years$1,479$970$617$383$234$35
38 years$1,425$922$578$353$212$30
39 years$1,373$876$541$326$192$26
40 years$1,323$834$507$301$174$22
41 years$1,277$794$476$277$158$19
42 years$1,232$756$446$256$144$16
43 years$1,190$720$419$236$130$14
44 years$1,150$686$393$218$118$12
45 years$1,112$655$369$201$107$10
46 years$1,075$624$347$186$97$8
47 years$1,041$596$326$172$89$7
48 years$1,007$569$306$159$80$6
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 $4,383 every year, while hoping to spend $54,678 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: 61/21/18 Blend
34$968,000$968,000$968,000$968,000
35$1,071,257$1,019,953$1,004,949$1,131,401
36$1,122,348$1,011,754$980,438$1,164,304
37$1,176,818$1,001,320$953,273$1,193,712
38$1,234,954$988,485$923,308$1,224,539
39$1,297,070$973,071$890,389$1,256,928
40$1,363,510$954,891$854,356$1,291,040
41$1,434,652$933,745$815,041$1,327,054
42$1,510,911$909,423$772,270$1,365,170
43$1,592,741$881,701$725,858$1,405,611
44$1,680,641$850,345$675,614$1,448,623
45$1,775,158$815,103$621,339$1,494,484
46$1,876,893$775,712$562,823$1,543,499
47$1,986,506$731,892$499,847$1,596,011
48$2,104,722$683,347$432,184$1,652,399
49$2,232,337$629,765$359,596$1,713,086
50$2,370,226$570,814$281,833$1,778,541
51$2,519,351$506,146$198,637$1,849,285
52$2,680,769$435,391$109,735$1,925,898
53$2,855,641$358,159$14,845$2,009,021
54$3,045,245$274,038$0$2,099,368
55$3,250,986$182,592$0$2,214,328
56$3,474,410$83,362$0$2,342,304
57$3,717,215$0$0$2,481,475
58$3,981,271$0$0$2,638,563
59$4,268,635$0$0$2,830,546
60$4,581,571$0$0$3,039,682
61$4,922,568$0$0$3,267,643
62$5,294,368$0$0$3,516,270
63$5,699,987$0$0$3,787,590
64$6,142,746$0$0$4,083,833
65$6,626,298$0$0$4,407,455
66$7,154,669$0$0$4,761,160
67$7,732,286$0$0$5,147,923
68$8,364,027$0$0$5,571,021
69$9,055,262$0$0$6,034,062
70$9,811,903$0$0$6,541,020
71$10,640,462$0$0$7,096,269
72$11,548,107$0$0$7,704,628
73$12,542,735$0$0$8,371,402
74$13,633,041$0$0$9,102,435
75$14,828,604$0$0$9,904,165
76$16,139,971$0$0$10,783,679
77$17,578,762$0$0$11,748,786
78$19,157,774$0$0$12,808,086
79$20,891,103$0$0$13,971,055
80$22,794,277$0$0$15,248,128
81$24,884,402$0$0$16,650,800
82$27,180,321$0$0$18,191,738
83$29,702,792$0$0$19,884,891
84$32,474,682$0$0$21,745,630
85$35,521,184$0$0$23,790,888
86$38,870,053$0$0$26,039,319
87$42,551,866$0$0$28,511,476
88$46,600,312$0$0$31,230,001
89$51,052,507$0$0$34,219,842
90$55,949,342$0$0$37,508,485
91$61,335,874$0$0$41,126,213
92$67,261,742$0$0$45,106,393
93$73,781,642$0$0$49,485,788
94$80,955,836$0$0$54,304,906
95$88,850,724$0$0$59,608,379
96$97,539,469$0$0$65,445,383
97$107,102,684$0$0$71,870,106
98$117,629,195$0$0$78,942,253
99$129,216,873$0$0$86,727,613
100$141,973,564$0$0$95,298,677