Can I retire at age 35 with 971,000?

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 $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%18.8%
1 years$80,184$79,470$78,773$78,093$77,429$74,682
2 years$39,695$38,956$38,239$37,545$36,871$34,132
3 years$26,201$25,458$24,743$24,055$23,392$20,749
4 years$19,455$18,714$18,007$17,330$16,684$14,155
5 years$15,408$14,672$13,974$13,311$12,683$10,276
6 years$12,711$11,981$11,293$10,645$10,035$7,752
7 years$10,786$10,062$9,385$8,752$8,161$6,001
8 years$9,342$8,625$7,959$7,342$6,771$4,731
9 years$8,220$7,509$6,855$6,254$5,702$3,781
10 years$7,323$6,619$5,976$5,391$4,858$3,052
11 years$6,589$5,893$5,261$4,692$4,178$2,484
12 years$5,979$5,289$4,669$4,115$3,621$2,034
13 years$5,462$4,780$4,172$3,633$3,157$1,674
14 years$5,020$4,345$3,748$3,225$2,768$1,383
15 years$4,637$3,969$3,384$2,876$2,437$1,146
16 years$4,302$3,641$3,068$2,575$2,154$952
17 years$4,007$3,354$2,792$2,314$1,910$793
18 years$3,745$3,099$2,549$2,085$1,698$662
19 years$3,511$2,872$2,333$1,884$1,513$553
20 years$3,300$2,669$2,141$1,707$1,352$463
21 years$3,110$2,486$1,970$1,549$1,210$387
22 years$2,937$2,320$1,815$1,408$1,084$325
23 years$2,780$2,170$1,676$1,282$973$272
24 years$2,636$2,033$1,550$1,170$875$228
25 years$2,503$1,908$1,436$1,068$787$192
26 years$2,381$1,793$1,332$977$709$161
27 years$2,269$1,688$1,237$894$639$135
28 years$2,164$1,590$1,150$819$577$114
29 years$2,067$1,500$1,070$751$521$96
30 years$1,977$1,417$996$689$471$80
31 years$1,892$1,339$929$633$426$68
32 years$1,813$1,267$867$582$385$57
33 years$1,739$1,200$809$535$348$48
34 years$1,669$1,138$756$492$315$40
35 years$1,604$1,079$707$453$286$34
36 years$1,542$1,024$661$417$259$29
37 years$1,484$973$619$385$235$24
38 years$1,429$924$580$354$213$20
39 years$1,377$879$543$327$193$17
40 years$1,328$836$509$301$175$14
41 years$1,281$796$477$278$159$12
42 years$1,236$758$448$257$144$10
43 years$1,194$722$420$237$131$9
44 years$1,154$689$394$219$119$7
45 years$1,115$657$370$202$108$6
46 years$1,079$626$348$187$98$5
47 years$1,044$598$327$172$89$4
48 years$1,010$571$307$159$81$4
49 years$979$545$289$147$73$3
50 years$948$521$271$136$67$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $971,000, adding $2,406 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: 65/30/5 Blend
34$971,000$971,000$971,000$971,000
35$1,072,524$1,021,061$1,006,010$1,141,357
36$1,125,881$1,015,052$983,671$1,181,370
37$1,182,915$1,006,984$958,818$1,218,546
38$1,243,946$996,700$931,312$1,257,755
39$1,309,323$984,033$901,006$1,299,188
40$1,379,432$968,808$867,748$1,343,057
41$1,454,693$950,839$831,377$1,389,598
42$1,535,570$929,928$791,726$1,439,070
43$1,622,569$905,867$748,620$1,491,764
44$1,716,250$878,432$701,877$1,548,000
45$1,817,223$847,391$651,306$1,608,132
46$1,926,162$812,496$596,707$1,672,555
47$2,043,806$773,483$537,872$1,741,705
48$2,170,966$730,076$474,583$1,816,064
49$2,308,536$681,981$406,612$1,896,169
50$2,457,496$628,887$333,723$1,982,612
51$2,618,924$570,466$255,666$2,076,050
52$2,794,007$506,372$172,184$2,177,210
53$2,984,050$436,238$83,006$2,286,898
54$3,190,485$359,676$0$2,406,004
55$3,414,893$276,278$0$2,536,164
56$3,659,007$185,611$0$2,682,589
57$3,924,739$87,219$0$2,842,071
58$4,214,190$0$0$3,015,962
59$4,529,672$0$0$3,212,158
60$4,873,730$0$0$3,457,586
61$5,249,167$0$0$3,725,457
62$5,659,065$0$0$4,017,979
63$6,106,819$0$0$4,337,584
64$6,596,166$0$0$4,686,946
65$7,131,219$0$0$5,069,011
66$7,716,509$0$0$5,487,023
67$8,357,022$0$0$5,944,553
68$9,058,250$0$0$6,445,532
69$9,826,241$0$0$6,994,293
70$10,667,655$0$0$7,595,604
71$11,589,826$0$0$8,254,718
72$12,600,831$0$0$8,977,418
73$13,709,568$0$0$9,770,077
74$14,925,834$0$0$10,639,711
75$16,260,423$0$0$11,594,049
76$17,725,223$0$0$12,641,607
77$19,333,329$0$0$13,791,762
78$21,099,167$0$0$15,054,845
79$23,038,625$0$0$16,442,236
80$25,169,210$0$0$17,966,474
81$27,510,204$0$0$19,641,368
82$30,082,853$0$0$21,482,134
83$32,910,559$0$0$23,505,535
84$36,019,109$0$0$25,730,037
85$39,436,908$0$0$28,175,988
86$43,195,254$0$0$30,865,802
87$47,328,629$0$0$33,824,177
88$51,875,022$0$0$37,078,323
89$56,876,292$0$0$40,658,220
90$62,378,558$0$0$44,596,902
91$68,432,632$0$0$48,930,762
92$75,094,503$0$0$53,699,903
93$82,425,860$0$0$58,948,509
94$90,494,674$0$0$64,725,267
95$99,375,840$0$0$71,083,821
96$109,151,883$0$0$78,083,279
97$119,913,733$0$0$85,788,772
98$131,761,585$0$0$94,272,067
99$144,805,842$0$0$103,612,243
100$159,168,157$0$0$113,896,436