Can I retire at age 35 with 974,000?

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 $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%16.1%
1 years$80,432$79,716$79,017$78,334$77,668$75,729
2 years$39,818$39,076$38,358$37,661$36,985$35,044
3 years$26,282$25,537$24,820$24,130$23,465$21,582
4 years$19,515$18,772$18,063$17,384$16,735$14,925
5 years$15,456$14,718$14,017$13,353$12,722$10,990
6 years$12,751$12,018$11,328$10,678$10,066$8,414
7 years$10,819$10,093$9,414$8,779$8,187$6,614
8 years$9,371$8,651$7,984$7,365$6,792$5,299
9 years$8,246$7,533$6,876$6,273$5,720$4,304
10 years$7,346$6,640$5,995$5,407$4,873$3,534
11 years$6,610$5,911$5,278$4,706$4,191$2,927
12 years$5,997$5,305$4,684$4,128$3,632$2,440
13 years$5,479$4,794$4,185$3,644$3,167$2,045
14 years$5,035$4,358$3,760$3,235$2,776$1,721
15 years$4,651$3,981$3,395$2,885$2,445$1,454
16 years$4,315$3,653$3,078$2,583$2,160$1,232
17 years$4,019$3,364$2,801$2,321$1,916$1,046
18 years$3,756$3,108$2,557$2,092$1,703$891
19 years$3,521$2,881$2,341$1,890$1,518$759
20 years$3,310$2,677$2,148$1,712$1,356$649
21 years$3,120$2,494$1,976$1,554$1,214$555
22 years$2,946$2,328$1,821$1,413$1,088$475
23 years$2,788$2,177$1,681$1,286$976$407
24 years$2,644$2,040$1,555$1,173$878$349
25 years$2,511$1,914$1,440$1,072$790$299
26 years$2,389$1,799$1,336$980$711$257
27 years$2,276$1,693$1,240$897$641$220
28 years$2,171$1,595$1,153$822$579$189
29 years$2,073$1,505$1,073$753$523$163
30 years$1,983$1,421$999$691$472$140
31 years$1,898$1,344$932$635$427$120
32 years$1,819$1,271$869$584$386$104
33 years$1,744$1,204$812$537$349$89
34 years$1,674$1,141$758$494$316$77
35 years$1,609$1,082$709$455$287$66
36 years$1,547$1,027$663$419$260$57
37 years$1,489$976$621$386$235$49
38 years$1,433$927$581$356$213$42
39 years$1,381$882$545$328$193$36
40 years$1,332$839$511$302$175$31
41 years$1,285$799$479$279$159$27
42 years$1,240$761$449$257$144$23
43 years$1,198$725$421$238$131$20
44 years$1,157$691$396$219$119$17
45 years$1,119$659$371$203$108$15
46 years$1,082$628$349$187$98$13
47 years$1,047$600$328$173$89$11
48 years$1,014$572$308$160$81$9
49 years$982$547$289$148$73$8
50 years$951$522$272$137$67$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $974,000, adding $6,574 every year, while hoping to spend $26,932 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: 65/20/15 Blend
34$974,000$974,000$974,000$974,000
35$1,080,129$1,028,507$1,013,410$1,146,031
36$1,161,647$1,050,248$1,018,704$1,212,679
37$1,250,577$1,072,153$1,023,272$1,281,756
38$1,347,646$1,094,199$1,027,063$1,356,576
39$1,453,657$1,116,365$1,030,020$1,437,698
40$1,569,489$1,138,627$1,032,085$1,525,740
41$1,696,115$1,160,957$1,033,198$1,621,382
42$1,834,603$1,183,328$1,033,294$1,725,375
43$1,986,129$1,205,708$1,032,306$1,838,543
44$2,151,989$1,228,062$1,030,163$1,961,798
45$2,333,610$1,250,356$1,026,792$2,096,141
46$2,532,564$1,272,548$1,022,114$2,242,679
47$2,750,579$1,294,597$1,016,049$2,402,629
48$2,989,563$1,316,457$1,008,512$2,577,334
49$3,251,613$1,338,078$999,412$2,768,272
50$3,539,041$1,359,408$988,656$2,977,074
51$3,854,394$1,380,389$976,146$3,205,537
52$4,200,475$1,400,962$961,780$3,455,641
53$4,580,375$1,421,059$945,451$3,729,568
54$4,997,494$1,440,613$927,044$4,029,723
55$5,455,582$1,459,546$906,444$4,358,758
56$5,958,768$1,477,781$883,527$4,719,595
57$6,511,601$1,495,230$858,163$5,115,454
58$7,119,091$1,511,803$830,218$5,549,885
59$7,786,759$1,527,403$799,552$6,026,799
60$8,520,688$1,541,925$766,016$6,550,510
61$9,327,577$1,555,258$729,456$7,125,768
62$10,214,808$1,567,284$689,712$7,757,813
63$11,190,516$1,577,878$646,614$8,452,418
64$12,263,661$1,586,906$599,988$9,215,946
65$13,444,115$1,594,225$549,648$10,055,411
66$14,742,756$1,599,684$495,403$10,978,544
67$16,171,571$1,603,122$437,052$11,993,865
68$17,743,763$1,604,367$374,386$13,110,765
69$19,473,884$1,603,238$307,185$14,339,593
70$21,377,966$1,599,542$235,221$15,691,759
71$23,473,672$1,593,074$158,255$17,179,835
72$25,780,468$1,583,616$76,038$18,817,680
73$28,319,801$1,570,938$0$20,620,568
74$31,115,302$1,554,795$0$22,607,205
75$34,193,010$1,534,928$0$24,807,383
76$37,581,620$1,511,062$0$27,229,413
77$41,312,746$1,482,905$0$29,895,881
78$45,421,228$1,450,150$0$32,831,677
79$49,945,455$1,412,468$0$36,064,229
80$54,927,727$1,369,515$0$39,623,766
81$60,414,658$1,320,924$0$43,543,600
82$66,457,612$1,266,308$0$47,860,440
83$73,113,188$1,205,256$0$52,614,742
84$80,443,754$1,137,335$0$57,851,090
85$88,518,039$1,062,086$0$63,618,618
86$97,411,775$979,025$0$69,971,469
87$107,208,416$887,637$0$76,969,316
88$117,999,924$787,381$0$84,677,915
89$129,887,639$677,685$0$93,169,736
90$142,983,229$557,943$0$102,524,641
91$157,409,752$427,516$0$112,830,639
92$173,302,811$285,728$0$124,184,723
93$190,811,835$131,866$0$136,693,778
94$210,101,492$0$0$150,475,597
95$231,353,240$0$0$165,667,656
96$254,767,040$0$0$182,437,365
97$280,563,245$0$0$200,913,540
98$308,984,676$0$0$221,270,113
99$340,298,919$0$0$243,698,753
100$374,800,845$0$0$268,410,676