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%19.3%
1 years$80,102$79,388$78,692$78,013$77,349$74,457
2 years$39,654$38,916$38,200$37,506$36,833$33,952
3 years$26,174$25,432$24,718$24,030$23,368$20,590
4 years$19,435$18,695$17,988$17,313$16,666$14,011
5 years$15,392$14,657$13,960$13,298$12,670$10,144
6 years$12,698$11,969$11,282$10,634$10,025$7,632
7 years$10,775$10,051$9,375$8,743$8,153$5,891
8 years$9,333$8,616$7,951$7,334$6,764$4,631
9 years$8,212$7,502$6,848$6,247$5,696$3,689
10 years$7,315$6,612$5,970$5,385$4,853$2,969
11 years$6,583$5,887$5,256$4,687$4,174$2,408
12 years$5,972$5,283$4,665$4,111$3,617$1,965
13 years$5,456$4,775$4,168$3,629$3,154$1,612
14 years$5,015$4,340$3,745$3,222$2,765$1,327
15 years$4,632$3,965$3,381$2,873$2,434$1,096
16 years$4,297$3,638$3,065$2,573$2,152$907
17 years$4,003$3,350$2,789$2,311$1,908$753
18 years$3,741$3,096$2,546$2,083$1,696$626
19 years$3,507$2,869$2,331$1,882$1,512$521
20 years$3,297$2,666$2,139$1,705$1,350$434
21 years$3,107$2,483$1,968$1,547$1,209$362
22 years$2,934$2,318$1,814$1,407$1,083$302
23 years$2,777$2,168$1,674$1,281$972$253
24 years$2,633$2,031$1,549$1,168$874$211
25 years$2,501$1,906$1,434$1,067$786$177
26 years$2,379$1,792$1,330$976$708$148
27 years$2,266$1,686$1,235$893$639$124
28 years$2,162$1,589$1,148$818$576$103
29 years$2,065$1,499$1,069$750$520$87
30 years$1,975$1,415$995$689$470$73
31 years$1,890$1,338$928$632$425$61
32 years$1,811$1,266$866$581$385$51
33 years$1,737$1,199$808$535$348$43
34 years$1,668$1,136$755$492$315$36
35 years$1,602$1,078$706$453$285$30
36 years$1,541$1,023$661$417$259$25
37 years$1,482$972$618$384$234$21
38 years$1,427$923$579$354$212$18
39 years$1,375$878$542$326$193$15
40 years$1,326$835$508$301$175$12
41 years$1,279$795$477$278$159$10
42 years$1,235$757$447$256$144$9
43 years$1,193$722$420$237$131$7
44 years$1,152$688$394$219$119$6
45 years$1,114$656$370$202$108$5
46 years$1,078$626$347$186$98$4
47 years$1,043$597$326$172$89$4
48 years$1,009$570$307$159$81$3
49 years$978$544$288$147$73$3
50 years$947$520$271$136$66$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $970,000, adding $2,833 every year, while hoping to spend $47,133 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: 41/40/19 Blend
34$970,000$970,000$970,000$970,000
35$1,071,862$1,020,452$1,005,417$1,109,701
36$1,131,043$1,020,305$988,950$1,136,742
37$1,194,681$1,018,571$970,351$1,161,222
38$1,263,180$1,015,123$949,499$1,186,741
39$1,336,985$1,009,825$926,268$1,213,417
40$1,416,585$1,002,534$900,525$1,241,384
41$1,502,515$993,097$872,132$1,270,795
42$1,595,366$981,352$840,942$1,301,820
43$1,695,784$967,130$806,805$1,334,649
44$1,804,483$950,248$769,562$1,369,497
45$1,922,244$930,514$729,046$1,406,605
46$2,049,929$907,725$685,085$1,446,243
47$2,188,484$881,666$637,497$1,488,711
48$2,338,949$852,107$586,093$1,534,348
49$2,502,469$818,808$530,675$1,583,531
50$2,680,305$781,513$471,036$1,636,681
51$2,873,841$739,952$406,961$1,694,269
52$3,084,602$693,840$338,224$1,756,819
53$3,314,267$642,873$264,589$1,824,917
54$3,564,680$586,732$185,811$1,899,214
55$3,837,875$525,080$101,634$1,980,438
56$4,136,089$457,559$11,789$2,069,395
57$4,461,783$383,792$0$2,166,986
58$4,817,667$303,380$0$2,291,260
59$5,206,727$215,904$0$2,429,937
60$5,632,247$120,917$0$2,581,925
61$6,097,844$17,950$0$2,748,659
62$6,607,503$0$0$2,931,730
63$7,165,608$0$0$3,174,053
64$7,776,991$0$0$3,448,287
65$8,446,970$0$0$3,748,934
66$9,181,404$0$0$4,078,637
67$9,986,745$0$0$4,440,310
68$10,870,099$0$0$4,837,162
69$11,839,293$0$0$5,272,727
70$12,902,949$0$0$5,750,899
71$14,070,563$0$0$6,275,965
72$15,352,597$0$0$6,852,649
73$16,760,573$0$0$7,486,156
74$18,307,187$0$0$8,182,219
75$20,006,421$0$0$8,947,153
76$21,873,683$0$0$9,787,917
77$23,925,943$0$0$10,712,175
78$26,181,900$0$0$11,728,373
79$28,662,153$0$0$12,845,815
80$31,389,397$0$0$14,074,752
81$34,388,637$0$0$15,426,479
82$37,687,422$0$0$16,913,440
83$41,316,103$0$0$18,549,344
84$45,308,124$0$0$20,349,299
85$49,700,331$0$0$22,329,949
86$54,533,322$0$0$24,509,633
87$59,851,831$0$0$26,908,558
88$65,705,145$0$0$29,548,991
89$72,147,572$0$0$32,455,465
90$79,238,953$0$0$35,655,012
91$87,045,223$0$0$39,177,418
92$95,639,035$0$0$43,055,507
93$105,100,445$0$0$47,325,444
94$115,517,665$0$0$52,027,079
95$126,987,897$0$0$57,204,326
96$139,618,245$0$0$62,905,573
97$153,526,734$0$0$69,184,139
98$168,843,412$0$0$76,098,778
99$185,711,585$0$0$83,714,232
100$204,289,165$0$0$92,101,844