Can I retire at age 35 with 970,000?

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 $970,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$80,102$79,388$78,692$78,013$77,349$76,573
2 years$39,654$38,916$38,200$37,506$36,833$36,051
3 years$26,174$25,432$24,718$24,030$23,368$22,605
4 years$19,435$18,695$17,988$17,313$16,666$15,928
5 years$15,392$14,657$13,960$13,298$12,670$11,958
6 years$12,698$11,969$11,282$10,634$10,025$9,341
7 years$10,775$10,051$9,375$8,743$8,153$7,497
8 years$9,333$8,616$7,951$7,334$6,764$6,135
9 years$8,212$7,502$6,848$6,247$5,696$5,095
10 years$7,315$6,612$5,970$5,385$4,853$4,280
11 years$6,583$5,887$5,256$4,687$4,174$3,627
12 years$5,972$5,283$4,665$4,111$3,617$3,097
13 years$5,456$4,775$4,168$3,629$3,154$2,659
14 years$5,015$4,340$3,745$3,222$2,765$2,295
15 years$4,632$3,965$3,381$2,873$2,434$1,989
16 years$4,297$3,638$3,065$2,573$2,152$1,729
17 years$4,003$3,350$2,789$2,311$1,908$1,508
18 years$3,741$3,096$2,546$2,083$1,696$1,319
19 years$3,507$2,869$2,331$1,882$1,512$1,156
20 years$3,297$2,666$2,139$1,705$1,350$1,015
21 years$3,107$2,483$1,968$1,547$1,209$892
22 years$2,934$2,318$1,814$1,407$1,083$786
23 years$2,777$2,168$1,674$1,281$972$693
24 years$2,633$2,031$1,549$1,168$874$611
25 years$2,501$1,906$1,434$1,067$786$540
26 years$2,379$1,792$1,330$976$708$477
27 years$2,266$1,686$1,235$893$639$422
28 years$2,162$1,589$1,148$818$576$374
29 years$2,065$1,499$1,069$750$520$331
30 years$1,975$1,415$995$689$470$294
31 years$1,890$1,338$928$632$425$260
32 years$1,811$1,266$866$581$385$231
33 years$1,737$1,199$808$535$348$205
34 years$1,668$1,136$755$492$315$182
35 years$1,602$1,078$706$453$285$161
36 years$1,541$1,023$661$417$259$143
37 years$1,482$972$618$384$234$127
38 years$1,427$923$579$354$212$113
39 years$1,375$878$542$326$193$101
40 years$1,326$835$508$301$175$89
41 years$1,279$795$477$278$159$79
42 years$1,235$757$447$256$144$71
43 years$1,193$722$420$237$131$63
44 years$1,152$688$394$219$119$56
45 years$1,114$656$370$202$108$50
46 years$1,078$626$347$186$98$44
47 years$1,043$597$326$172$89$39
48 years$1,009$570$307$159$81$35
49 years$978$544$288$147$73$31
50 years$947$520$271$136$66$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $970,000, adding $4,394 every year, while hoping to spend $33,921 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: 59/14/27 Blend
34$970,000$970,000$970,000$970,000
35$1,073,472$1,022,062$1,007,027$1,128,711
36$1,146,875$1,036,052$1,004,671$1,180,924
37$1,226,628$1,049,590$1,001,099$1,233,856
38$1,313,342$1,062,618$996,235$1,290,881
39$1,407,692$1,075,076$989,998$1,352,407
40$1,510,418$1,086,896$982,304$1,418,881
41$1,622,335$1,098,008$973,065$1,490,799
42$1,744,340$1,108,337$962,190$1,568,707
43$1,877,420$1,117,803$949,580$1,653,209
44$2,022,662$1,126,320$935,136$1,744,970
45$2,181,261$1,133,797$918,751$1,844,725
46$2,354,534$1,140,138$900,314$1,953,284
47$2,543,931$1,145,240$879,709$2,071,544
48$2,751,048$1,148,992$856,814$2,200,491
49$2,977,641$1,151,278$831,504$2,341,216
50$3,225,644$1,151,975$803,643$2,494,920
51$3,497,190$1,150,952$773,095$2,662,932
52$3,794,622$1,148,067$739,713$2,846,716
53$4,120,525$1,143,174$703,345$3,047,887
54$4,477,744$1,136,115$663,832$3,268,228
55$4,869,413$1,126,724$621,010$3,509,705
56$5,298,982$1,114,823$574,703$3,774,489
57$5,770,254$1,100,224$524,731$4,064,973
58$6,287,415$1,082,730$470,904$4,383,797
59$6,855,076$1,062,129$413,024$4,733,874
60$7,478,319$1,038,199$350,886$5,118,417
61$8,162,740$1,010,703$284,273$5,540,970
62$8,914,503$979,391$212,960$6,005,441
63$9,740,400$943,998$136,711$6,516,141
64$10,647,911$904,245$55,282$7,077,826
65$11,645,280$859,834$0$7,695,740
66$12,741,585$810,453$0$8,384,773
67$13,946,830$755,769$0$9,159,784
68$15,272,038$695,432$0$10,011,943
69$16,729,349$629,072$0$10,949,089
70$18,332,142$556,296$0$11,979,863
71$20,095,157$476,691$0$13,113,787
72$22,034,633$389,819$0$14,361,354
73$24,168,464$295,218$0$15,734,130
74$26,516,363$192,399$0$17,244,861
75$29,100,054$80,849$0$18,907,593
76$31,943,471$0$0$20,737,807
77$35,072,985$0$0$22,758,724
78$38,517,655$0$0$24,996,962
79$42,309,498$0$0$27,460,879
80$46,483,796$0$0$30,173,415
81$51,079,422$0$0$33,159,843
82$56,139,212$0$0$36,448,011
83$61,710,365$0$0$40,068,607
84$67,844,893$0$0$44,055,446
85$74,600,104$0$0$48,445,786
86$82,039,150$0$0$53,280,688
87$90,231,619$0$0$58,605,392
88$99,254,190$0$0$64,469,753
89$109,191,361$0$0$70,928,708
90$120,136,240$0$0$78,042,791
91$132,191,429$0$0$85,878,711
92$145,469,987$0$0$94,509,975
93$160,096,502$0$0$104,017,584
94$176,208,262$0$0$114,490,798
95$193,956,552$0$0$126,027,978
96$213,508,081$0$0$138,737,512
97$235,046,557$0$0$152,738,842
98$258,774,418$0$0$168,163,585
99$284,914,744$0$0$185,156,782
100$313,713,361$0$0$203,878,260