Can I retire at age 35 with 971,000?

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 $971,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$80,184$79,470$78,773$78,093$77,429$75,711
2 years$39,695$38,956$38,239$37,545$36,871$35,149
3 years$26,201$25,458$24,743$24,055$23,392$21,720
4 years$19,455$18,714$18,007$17,330$16,684$15,074
5 years$15,408$14,672$13,974$13,311$12,683$11,141
6 years$12,711$11,981$11,293$10,645$10,035$8,562
7 years$10,786$10,062$9,385$8,752$8,161$6,757
8 years$9,342$8,625$7,959$7,342$6,771$5,435
9 years$8,220$7,509$6,855$6,254$5,702$4,434
10 years$7,323$6,619$5,976$5,391$4,858$3,657
11 years$6,589$5,893$5,261$4,692$4,178$3,041
12 years$5,979$5,289$4,669$4,115$3,621$2,547
13 years$5,462$4,780$4,172$3,633$3,157$2,145
14 years$5,020$4,345$3,748$3,225$2,768$1,814
15 years$4,637$3,969$3,384$2,876$2,437$1,540
16 years$4,302$3,641$3,068$2,575$2,154$1,311
17 years$4,007$3,354$2,792$2,314$1,910$1,119
18 years$3,745$3,099$2,549$2,085$1,698$958
19 years$3,511$2,872$2,333$1,884$1,513$821
20 years$3,300$2,669$2,141$1,707$1,352$705
21 years$3,110$2,486$1,970$1,549$1,210$606
22 years$2,937$2,320$1,815$1,408$1,084$521
23 years$2,780$2,170$1,676$1,282$973$449
24 years$2,636$2,033$1,550$1,170$875$387
25 years$2,503$1,908$1,436$1,068$787$334
26 years$2,381$1,793$1,332$977$709$288
27 years$2,269$1,688$1,237$894$639$249
28 years$2,164$1,590$1,150$819$577$215
29 years$2,067$1,500$1,070$751$521$186
30 years$1,977$1,417$996$689$471$161
31 years$1,892$1,339$929$633$426$139
32 years$1,813$1,267$867$582$385$120
33 years$1,739$1,200$809$535$348$104
34 years$1,669$1,138$756$492$315$90
35 years$1,604$1,079$707$453$286$78
36 years$1,542$1,024$661$417$259$68
37 years$1,484$973$619$385$235$59
38 years$1,429$924$580$354$213$51
39 years$1,377$879$543$327$193$44
40 years$1,328$836$509$301$175$38
41 years$1,281$796$477$278$159$33
42 years$1,236$758$448$257$144$29
43 years$1,194$722$420$237$131$25
44 years$1,154$689$394$219$119$21
45 years$1,115$657$370$202$108$19
46 years$1,079$626$348$187$98$16
47 years$1,044$598$327$172$89$14
48 years$1,010$571$307$159$81$12
49 years$979$545$289$147$73$10
50 years$948$521$271$136$67$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $971,000, adding $6,448 every year, while hoping to spend $36,718 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: 66/9/25 Blend
34$971,000$971,000$971,000$971,000
35$1,076,693$1,025,230$1,010,180$1,140,365
36$1,147,448$1,036,399$1,004,953$1,195,193
37$1,224,190$1,046,884$998,321$1,250,383
38$1,307,489$1,056,614$990,197$1,309,890
39$1,397,976$1,065,511$980,491$1,374,140
40$1,496,342$1,073,493$969,110$1,443,604
41$1,603,348$1,080,473$955,954$1,518,804
42$1,719,831$1,086,358$940,921$1,600,311
43$1,846,714$1,091,050$923,901$1,688,759
44$1,985,009$1,094,442$904,783$1,784,847
45$2,135,834$1,096,423$883,446$1,889,346
46$2,300,416$1,096,874$859,769$2,003,104
47$2,480,107$1,095,670$833,619$2,127,062
48$2,676,395$1,092,675$804,863$2,262,252
49$2,890,920$1,087,748$773,358$2,409,818
50$3,125,484$1,080,738$738,956$2,571,018
51$3,382,074$1,071,485$701,502$2,747,243
52$3,662,876$1,059,819$660,833$2,940,024
53$3,970,299$1,045,560$616,781$3,151,052
54$4,306,994$1,028,517$569,168$3,382,193
55$4,675,882$1,008,488$517,809$3,635,504
56$5,080,178$985,260$462,511$3,913,254
57$5,523,423$958,605$403,072$4,217,944
58$6,009,519$928,284$339,282$4,552,336
59$6,542,762$894,042$270,920$4,919,474
60$7,127,885$855,610$197,757$5,322,714
61$7,770,099$812,706$119,552$5,765,761
62$8,475,147$765,026$36,055$6,252,695
63$9,249,354$712,254$0$6,788,022
64$10,099,687$654,053$0$7,390,856
65$11,033,821$590,068$0$8,063,707
66$12,060,211$519,922$0$8,803,060
67$13,188,174$443,219$0$9,615,651
68$14,427,969$359,538$0$10,508,905
69$15,790,904$268,438$0$11,491,002
70$17,289,433$169,448$0$12,570,956
71$18,937,280$62,076$0$13,758,702
72$20,749,564$0$0$15,065,184
73$22,742,941$0$0$16,507,835
74$24,935,767$0$0$18,101,664
75$27,348,262$0$0$19,855,229
76$30,002,706$0$0$21,784,735
77$32,923,648$0$0$23,908,034
78$36,138,137$0$0$26,244,800
79$39,675,977$0$0$28,816,707
80$43,570,007$0$0$31,647,639
81$47,856,411$0$0$34,763,913
82$52,575,060$0$0$38,194,526
83$57,769,885$0$0$41,971,429
84$63,489,296$0$0$46,129,829
85$69,786,634$0$0$50,708,522
86$76,720,675$0$0$55,750,255
87$84,356,186$0$0$61,302,132
88$92,764,534$0$0$67,416,060
89$102,024,360$0$0$74,149,234
90$112,222,321$0$0$81,564,678
91$123,453,906$0$0$89,731,843
92$135,824,336$0$0$98,727,257
93$149,449,562$0$0$108,635,250
94$164,457,351$0$0$119,548,750
95$180,988,499$0$0$131,570,157
96$199,198,154$0$0$144,812,312
97$219,257,282$0$0$159,399,559
98$241,354,279$0$0$175,468,922
99$265,696,752$0$0$193,171,394
100$292,513,474$0$0$212,673,364