Can I retire at age 35 with 973,000?

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 $973,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$80,349$79,634$78,935$78,254$77,588$74,569
2 years$39,777$39,036$38,318$37,622$36,947$33,941
3 years$26,255$25,511$24,794$24,105$23,441$20,543
4 years$19,495$18,753$18,044$17,366$16,718$13,951
5 years$15,440$14,703$14,003$13,339$12,709$10,080
6 years$12,737$12,006$11,316$10,667$10,056$7,566
7 years$10,808$10,082$9,404$8,770$8,178$5,827
8 years$9,361$8,642$7,975$7,357$6,785$4,570
9 years$8,237$7,525$6,869$6,267$5,714$3,632
10 years$7,338$6,633$5,989$5,402$4,868$2,915
11 years$6,603$5,905$5,272$4,701$4,187$2,359
12 years$5,991$5,300$4,679$4,124$3,628$1,920
13 years$5,473$4,789$4,180$3,641$3,164$1,570
14 years$5,030$4,353$3,756$3,232$2,773$1,289
15 years$4,646$3,977$3,391$2,882$2,442$1,061
16 years$4,311$3,649$3,075$2,581$2,158$876
17 years$4,015$3,360$2,798$2,319$1,914$725
18 years$3,752$3,105$2,554$2,090$1,702$601
19 years$3,518$2,878$2,338$1,888$1,517$499
20 years$3,307$2,674$2,146$1,710$1,355$414
21 years$3,116$2,491$1,974$1,552$1,212$344
22 years$2,943$2,325$1,819$1,411$1,087$287
23 years$2,786$2,175$1,680$1,285$975$239
24 years$2,641$2,038$1,553$1,172$877$199
25 years$2,509$1,912$1,439$1,070$789$166
26 years$2,386$1,797$1,334$979$711$138
27 years$2,273$1,691$1,239$896$641$115
28 years$2,169$1,594$1,152$821$578$96
29 years$2,071$1,503$1,072$753$522$80
30 years$1,981$1,420$998$691$472$67
31 years$1,896$1,342$931$634$426$56
32 years$1,817$1,270$868$583$386$47
33 years$1,743$1,203$811$536$349$39
34 years$1,673$1,140$758$493$316$33
35 years$1,607$1,081$708$454$286$27
36 years$1,545$1,026$663$418$259$23
37 years$1,487$975$620$385$235$19
38 years$1,432$926$581$355$213$16
39 years$1,380$881$544$328$193$13
40 years$1,330$838$510$302$175$11
41 years$1,283$798$478$279$159$9
42 years$1,239$760$449$257$144$8
43 years$1,196$724$421$237$131$6
44 years$1,156$690$395$219$119$5
45 years$1,118$658$371$202$108$4
46 years$1,081$628$348$187$98$4
47 years$1,046$599$327$173$89$3
48 years$1,013$572$308$160$81$3
49 years$981$546$289$148$73$2
50 years$950$522$272$136$67$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $973,000, adding $4,477 every year, while hoping to spend $59,993 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: 43/35/22 Blend
34$973,000$973,000$973,000$973,000
35$1,076,864$1,025,295$1,010,214$1,116,096
36$1,122,872$1,011,702$980,224$1,130,769
37$1,171,562$995,433$947,218$1,140,501
38$1,223,145$976,292$911,033$1,149,831
39$1,277,849$954,074$871,497$1,158,753
40$1,335,927$928,561$828,429$1,167,265
41$1,397,652$899,521$781,642$1,175,370
42$1,463,325$866,711$730,940$1,183,075
43$1,533,275$829,870$676,117$1,190,397
44$1,607,862$788,726$616,959$1,197,354
45$1,687,480$742,990$553,243$1,203,979
46$1,772,560$692,354$484,734$1,210,309
47$1,863,577$636,495$411,188$1,216,395
48$1,961,049$575,070$332,351$1,222,299
49$2,065,546$507,719$247,955$1,228,098
50$2,177,693$434,058$157,722$1,233,885
51$2,298,174$353,684$61,363$1,239,770
52$2,427,743$266,170$0$1,245,885
53$2,567,226$171,065$0$1,262,118
54$2,717,529$67,893$0$1,294,919
55$2,879,649$0$0$1,330,157
56$3,054,681$0$0$1,385,042
57$3,243,827$0$0$1,472,704
58$3,448,409$0$0$1,567,618
59$3,669,880$0$0$1,670,471
60$3,909,839$0$0$1,782,019
61$4,170,040$0$0$1,903,091
62$4,452,416$0$0$2,034,601
63$4,759,091$0$0$2,177,552
64$5,092,401$0$0$2,333,051
65$5,454,918$0$0$2,502,311
66$5,849,468$0$0$2,686,673
67$6,279,164$0$0$2,887,606
68$6,747,431$0$0$3,106,732
69$7,258,036$0$0$3,345,833
70$7,815,127$0$0$3,606,872
71$8,423,269$0$0$3,892,010
72$9,087,489$0$0$4,203,625
73$9,813,319$0$0$4,544,335
74$10,606,848$0$0$4,917,024
75$11,474,783$0$0$5,324,866
76$12,424,508$0$0$5,771,357
77$13,464,152$0$0$6,260,345
78$14,602,670$0$0$6,796,070
79$15,849,919$0$0$7,383,199
80$17,216,757$0$0$8,026,875
81$18,715,142$0$0$8,732,759
82$20,358,245$0$0$9,507,088
83$22,160,570$0$0$10,356,731
84$24,138,094$0$0$11,289,256
85$26,308,416$0$0$12,312,997
86$28,690,920$0$0$13,437,135
87$31,306,959$0$0$14,671,784
88$34,180,056$0$0$16,028,084
89$37,336,122$0$0$17,518,311
90$40,803,702$0$0$19,155,984
91$44,614,243$0$0$20,956,000
92$48,802,389$0$0$22,934,771
93$53,406,307$0$0$25,110,375
94$58,468,046$0$0$27,502,734
95$64,033,932$0$0$30,133,792
96$70,155,007$0$0$33,027,731
97$76,887,504$0$0$36,211,191
98$84,293,382$0$0$39,713,524
99$92,440,904$0$0$43,567,072
100$101,405,287$0$0$47,807,470