Can I retire at age 35 with 974,000?

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 $974,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$80,432$79,716$79,017$78,334$77,668$76,507
2 years$39,818$39,076$38,358$37,661$36,985$35,818
3 years$26,282$25,537$24,820$24,130$23,465$22,328
4 years$19,515$18,772$18,063$17,384$16,735$15,638
5 years$15,456$14,718$14,017$13,353$12,722$11,666
6 years$12,751$12,018$11,328$10,678$10,066$9,054
7 years$10,819$10,093$9,414$8,779$8,187$7,218
8 years$9,371$8,651$7,984$7,365$6,792$5,867
9 years$8,246$7,533$6,876$6,273$5,720$4,838
10 years$7,346$6,640$5,995$5,407$4,873$4,034
11 years$6,610$5,911$5,278$4,706$4,191$3,394
12 years$5,997$5,305$4,684$4,128$3,632$2,875
13 years$5,479$4,794$4,185$3,644$3,167$2,450
14 years$5,035$4,358$3,760$3,235$2,776$2,097
15 years$4,651$3,981$3,395$2,885$2,445$1,803
16 years$4,315$3,653$3,078$2,583$2,160$1,555
17 years$4,019$3,364$2,801$2,321$1,916$1,345
18 years$3,756$3,108$2,557$2,092$1,703$1,166
19 years$3,521$2,881$2,341$1,890$1,518$1,012
20 years$3,310$2,677$2,148$1,712$1,356$881
21 years$3,120$2,494$1,976$1,554$1,214$768
22 years$2,946$2,328$1,821$1,413$1,088$670
23 years$2,788$2,177$1,681$1,286$976$585
24 years$2,644$2,040$1,555$1,173$878$512
25 years$2,511$1,914$1,440$1,072$790$448
26 years$2,389$1,799$1,336$980$711$392
27 years$2,276$1,693$1,240$897$641$344
28 years$2,171$1,595$1,153$822$579$301
29 years$2,073$1,505$1,073$753$523$264
30 years$1,983$1,421$999$691$472$232
31 years$1,898$1,344$932$635$427$204
32 years$1,819$1,271$869$584$386$179
33 years$1,744$1,204$812$537$349$157
34 years$1,674$1,141$758$494$316$138
35 years$1,609$1,082$709$455$287$121
36 years$1,547$1,027$663$419$260$107
37 years$1,489$976$621$386$235$94
38 years$1,433$927$581$356$213$82
39 years$1,381$882$545$328$193$73
40 years$1,332$839$511$302$175$64
41 years$1,285$799$479$279$159$56
42 years$1,240$761$449$257$144$49
43 years$1,198$725$421$238$131$43
44 years$1,157$691$396$219$119$38
45 years$1,119$659$371$203$108$34
46 years$1,082$628$349$187$98$30
47 years$1,047$600$328$173$89$26
48 years$1,014$572$308$160$81$23
49 years$982$547$289$148$73$20
50 years$951$522$272$137$67$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $974,000, adding $3,294 every year, while hoping to spend $35,681 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: 71/21/8 Blend
34$974,000$974,000$974,000$974,000
35$1,076,746$1,025,124$1,010,027$1,151,511
36$1,148,610$1,037,391$1,005,898$1,213,631
37$1,226,608$1,049,062$1,000,436$1,276,880
38$1,311,328$1,060,073$993,557$1,345,129
39$1,403,417$1,070,350$985,175$1,418,861
40$1,503,587$1,079,819$975,199$1,498,609
41$1,612,620$1,088,397$963,536$1,584,960
42$1,731,379$1,096,000$950,086$1,678,561
43$1,860,810$1,102,535$934,744$1,780,125
44$2,001,957$1,107,904$917,403$1,890,437
45$2,155,969$1,112,003$897,948$2,010,365
46$2,324,109$1,114,722$876,261$2,140,862
47$2,507,769$1,115,944$852,216$2,282,981
48$2,708,480$1,115,544$825,683$2,437,883
49$2,927,928$1,113,389$796,527$2,606,847
50$3,167,971$1,109,339$764,605$2,791,282
51$3,430,651$1,103,244$729,766$2,992,743
52$3,718,221$1,094,946$691,857$3,212,943
53$4,033,158$1,084,278$650,713$3,453,773
54$4,378,193$1,071,060$606,165$3,717,313
55$4,756,332$1,055,105$558,034$4,005,861
56$5,170,885$1,036,213$506,136$4,321,947
57$5,625,499$1,014,171$450,275$4,668,361
58$6,124,190$988,755$390,249$5,048,181
59$6,671,381$959,728$325,846$5,464,797
60$7,271,945$926,838$256,845$5,921,949
61$7,931,250$889,819$183,016$6,423,758
62$8,655,207$848,389$104,116$6,974,768
63$9,450,329$802,251$19,895$7,579,989
64$10,323,790$751,089$0$8,244,943
65$11,283,495$694,571$0$8,981,692
66$12,338,150$632,344$0$9,793,175
67$13,497,348$564,035$0$10,685,115
68$14,771,656$489,251$0$11,665,694
69$16,172,717$407,576$0$12,743,929
70$17,713,358$318,572$0$13,929,760
71$19,407,713$221,774$0$15,234,142
72$21,271,350$116,691$0$16,669,150
73$23,321,426$2,808$0$18,248,093
74$25,576,843$0$0$19,985,639
75$28,058,425$0$0$21,925,785
76$30,789,121$0$0$24,061,464
77$33,794,213$0$0$26,411,808
78$37,101,559$0$0$28,998,614
79$40,741,855$0$0$31,845,897
80$44,748,923$0$0$34,980,120
81$49,160,031$0$0$38,430,441
82$54,016,244$0$0$42,228,988
83$59,362,810$0$0$46,411,165
84$65,249,589$0$0$51,015,980
85$71,731,520$0$0$56,086,420
86$78,869,141$0$0$61,669,848
87$86,729,162$0$0$67,818,459
88$95,385,089$0$0$74,589,764
89$104,917,921$0$0$82,047,137
90$115,416,914$0$0$90,260,413
91$126,980,422$0$0$99,306,544
92$139,716,823$0$0$109,270,326
93$153,745,546$0$0$120,245,201
94$169,198,193$0$0$132,334,137
95$186,219,783$0$0$145,650,598
96$204,970,123$0$0$160,319,617
97$225,625,309$0$0$176,478,974
98$248,379,392$0$0$194,280,499
99$273,446,212$0$0$213,891,501
100$301,061,410$0$0$235,496,347