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%19.3%
1 years$80,184$79,470$78,773$78,093$77,429$74,534
2 years$39,695$38,956$38,239$37,545$36,871$33,987
3 years$26,201$25,458$24,743$24,055$23,392$20,611
4 years$19,455$18,714$18,007$17,330$16,684$14,025
5 years$15,408$14,672$13,974$13,311$12,683$10,155
6 years$12,711$11,981$11,293$10,645$10,035$7,639
7 years$10,786$10,062$9,385$8,752$8,161$5,897
8 years$9,342$8,625$7,959$7,342$6,771$4,636
9 years$8,220$7,509$6,855$6,254$5,702$3,693
10 years$7,323$6,619$5,976$5,391$4,858$2,972
11 years$6,589$5,893$5,261$4,692$4,178$2,411
12 years$5,979$5,289$4,669$4,115$3,621$1,967
13 years$5,462$4,780$4,172$3,633$3,157$1,613
14 years$5,020$4,345$3,748$3,225$2,768$1,328
15 years$4,637$3,969$3,384$2,876$2,437$1,097
16 years$4,302$3,641$3,068$2,575$2,154$908
17 years$4,007$3,354$2,792$2,314$1,910$754
18 years$3,745$3,099$2,549$2,085$1,698$626
19 years$3,511$2,872$2,333$1,884$1,513$521
20 years$3,300$2,669$2,141$1,707$1,352$435
21 years$3,110$2,486$1,970$1,549$1,210$362
22 years$2,937$2,320$1,815$1,408$1,084$303
23 years$2,780$2,170$1,676$1,282$973$253
24 years$2,636$2,033$1,550$1,170$875$211
25 years$2,503$1,908$1,436$1,068$787$177
26 years$2,381$1,793$1,332$977$709$148
27 years$2,269$1,688$1,237$894$639$124
28 years$2,164$1,590$1,150$819$577$104
29 years$2,067$1,500$1,070$751$521$87
30 years$1,977$1,417$996$689$471$73
31 years$1,892$1,339$929$633$426$61
32 years$1,813$1,267$867$582$385$51
33 years$1,739$1,200$809$535$348$43
34 years$1,669$1,138$756$492$315$36
35 years$1,604$1,079$707$453$286$30
36 years$1,542$1,024$661$417$259$25
37 years$1,484$973$619$385$235$21
38 years$1,429$924$580$354$213$18
39 years$1,377$879$543$327$193$15
40 years$1,328$836$509$301$175$12
41 years$1,281$796$477$278$159$10
42 years$1,236$758$448$257$144$9
43 years$1,194$722$420$237$131$7
44 years$1,154$689$394$219$119$6
45 years$1,115$657$370$202$108$5
46 years$1,079$626$348$187$98$4
47 years$1,044$598$327$172$89$4
48 years$1,010$571$307$159$81$3
49 years$979$545$289$147$73$3
50 years$948$521$271$136$67$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $971,000, adding $5,991 every year, while hoping to spend $52,670 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: 68/19/13 Blend
34$971,000$971,000$971,000$971,000
35$1,076,222$1,024,759$1,009,708$1,145,868
36$1,129,956$1,018,931$987,493$1,187,154
37$1,187,406$1,011,053$962,768$1,225,459
38$1,248,894$1,000,968$935,394$1,266,000
39$1,314,777$988,511$905,225$1,308,989
40$1,385,442$973,506$872,108$1,354,663
41$1,461,316$955,767$835,883$1,403,284
42$1,542,868$935,097$796,383$1,455,140
43$1,630,612$911,289$753,433$1,510,553
44$1,725,113$884,120$706,852$1,569,877
45$1,826,991$853,358$656,447$1,633,504
46$1,936,926$818,755$602,020$1,701,870
47$2,055,667$780,049$543,363$1,775,454
48$2,184,038$736,963$480,258$1,854,790
49$2,322,940$689,205$412,477$1,940,466
50$2,473,369$636,465$339,785$2,033,132
51$2,636,417$578,416$261,931$2,133,510
52$2,813,285$514,712$178,659$2,242,396
53$3,005,293$444,986$89,698$2,360,671
54$3,213,896$368,853$0$2,489,309
55$3,440,691$285,905$0$2,630,114
56$3,687,437$195,710$0$2,796,876
57$3,956,068$97,812$0$2,978,497
58$4,248,715$0$0$3,176,478
59$4,567,718$0$0$3,394,201
60$4,915,658$0$0$3,654,030
61$5,295,371$0$0$3,937,641
62$5,709,982$0$0$4,247,373
63$6,162,930$0$0$4,585,803
64$6,658,000$0$0$4,955,766
65$7,199,360$0$0$5,360,385
66$7,791,600$0$0$5,803,099
67$8,439,772$0$0$6,287,691
68$9,149,441$0$0$6,818,331
69$9,926,733$0$0$7,399,610
70$10,778,397$0$0$8,036,581
71$11,711,864$0$0$8,734,814
72$12,735,317$0$0$9,500,439
73$13,857,771$0$0$10,340,210
74$15,089,155$0$0$11,261,565
75$16,440,402$0$0$12,272,698
76$17,923,560$0$0$13,382,634
77$19,551,897$0$0$14,601,315
78$21,340,028$0$0$15,939,691
79$23,304,054$0$0$17,409,826
80$25,461,713$0$0$19,025,010
81$27,832,542$0$0$20,799,883
82$30,438,069$0$0$22,750,574
83$33,302,008$0$0$24,894,853
84$36,450,486$0$0$27,252,295
85$39,912,285$0$0$29,844,469
86$43,719,120$0$0$32,695,136
87$47,905,928$0$0$35,830,477
88$52,511,206$0$0$39,279,336
89$57,577,367$0$0$43,073,495
90$63,151,143$0$0$47,247,970
91$69,284,020$0$0$51,841,341
92$76,032,733$0$0$56,896,121
93$83,459,789$0$0$62,459,147
94$91,634,064$0$0$68,582,029
95$100,631,448$0$0$75,321,636
96$110,535,563$0$0$82,740,625
97$121,438,548$0$0$90,908,042
98$133,441,931$0$0$99,899,963
99$146,657,584$0$0$109,800,218
100$161,208,777$0$0$120,701,178