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%14.6%
1 years$80,432$79,716$79,017$78,334$77,668$76,193
2 years$39,818$39,076$38,358$37,661$36,985$35,505
3 years$26,282$25,537$24,820$24,130$23,465$22,026
4 years$19,515$18,772$18,063$17,384$16,735$15,348
5 years$15,456$14,718$14,017$13,353$12,722$11,391
6 years$12,751$12,018$11,328$10,678$10,066$8,792
7 years$10,819$10,093$9,414$8,779$8,187$6,970
8 years$9,371$8,651$7,984$7,365$6,792$5,633
9 years$8,246$7,533$6,876$6,273$5,720$4,617
10 years$7,346$6,640$5,995$5,407$4,873$3,827
11 years$6,610$5,911$5,278$4,706$4,191$3,199
12 years$5,997$5,305$4,684$4,128$3,632$2,693
13 years$5,479$4,794$4,185$3,644$3,167$2,279
14 years$5,035$4,358$3,760$3,235$2,776$1,938
15 years$4,651$3,981$3,395$2,885$2,445$1,655
16 years$4,315$3,653$3,078$2,583$2,160$1,417
17 years$4,019$3,364$2,801$2,321$1,916$1,217
18 years$3,756$3,108$2,557$2,092$1,703$1,047
19 years$3,521$2,881$2,341$1,890$1,518$903
20 years$3,310$2,677$2,148$1,712$1,356$780
21 years$3,120$2,494$1,976$1,554$1,214$674
22 years$2,946$2,328$1,821$1,413$1,088$584
23 years$2,788$2,177$1,681$1,286$976$506
24 years$2,644$2,040$1,555$1,173$878$439
25 years$2,511$1,914$1,440$1,072$790$381
26 years$2,389$1,799$1,336$980$711$331
27 years$2,276$1,693$1,240$897$641$288
28 years$2,171$1,595$1,153$822$579$250
29 years$2,073$1,505$1,073$753$523$218
30 years$1,983$1,421$999$691$472$190
31 years$1,898$1,344$932$635$427$165
32 years$1,819$1,271$869$584$386$144
33 years$1,744$1,204$812$537$349$125
34 years$1,674$1,141$758$494$316$109
35 years$1,609$1,082$709$455$287$95
36 years$1,547$1,027$663$419$260$83
37 years$1,489$976$621$386$235$72
38 years$1,433$927$581$356$213$63
39 years$1,381$882$545$328$193$55
40 years$1,332$839$511$302$175$48
41 years$1,285$799$479$279$159$42
42 years$1,240$761$449$257$144$36
43 years$1,198$725$421$238$131$32
44 years$1,157$691$396$219$119$28
45 years$1,119$659$371$203$108$24
46 years$1,082$628$349$187$98$21
47 years$1,047$600$328$173$89$18
48 years$1,014$572$308$160$81$16
49 years$982$547$289$148$73$14
50 years$951$522$272$137$67$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $974,000, adding $2,175 every year, while hoping to spend $31,857 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: 58/15/27 Blend
34$974,000$974,000$974,000$974,000
35$1,075,592$1,023,970$1,008,873$1,129,948
36$1,151,406$1,040,248$1,008,774$1,183,670
37$1,233,886$1,056,257$1,007,605$1,238,662
38$1,323,678$1,071,949$1,005,295$1,297,961
39$1,421,493$1,087,274$1,001,772$1,361,994
40$1,528,112$1,102,178$996,958$1,431,231
41$1,644,399$1,116,603$990,775$1,506,193
42$1,771,299$1,130,489$983,138$1,587,451
43$1,909,857$1,143,769$973,959$1,675,637
44$2,061,222$1,156,373$963,146$1,771,449
45$2,226,658$1,168,226$950,602$1,875,657
46$2,407,556$1,179,248$936,227$1,989,110
47$2,605,450$1,189,355$919,914$2,112,744
48$2,822,028$1,198,455$901,553$2,247,594
49$3,059,147$1,206,452$881,027$2,394,799
50$3,318,855$1,213,242$858,216$2,555,617
51$3,603,405$1,218,718$832,993$2,731,438
52$3,915,278$1,222,761$805,224$2,923,791
53$4,257,209$1,225,249$774,772$3,134,366
54$4,632,208$1,226,049$741,490$3,365,025
55$5,043,590$1,225,023$705,227$3,617,825
56$5,495,009$1,222,022$665,825$3,895,033
57$5,990,488$1,216,889$623,118$4,199,148
58$6,534,457$1,209,456$576,932$4,532,928
59$7,131,799$1,199,546$527,086$4,899,416
60$7,787,890$1,186,972$473,392$5,301,967
61$8,508,656$1,171,535$415,651$5,744,280
62$9,300,621$1,153,022$353,658$6,230,435
63$10,170,975$1,131,211$287,196$6,764,934
64$11,127,639$1,105,864$216,041$7,352,738
65$12,179,338$1,076,732$139,958$7,999,319
66$13,335,685$1,043,546$58,702$8,710,713
67$14,607,273$1,006,028$0$9,493,572
68$16,005,770$963,879$0$10,363,306
69$17,544,033$916,783$0$11,338,506
70$19,236,228$864,409$0$12,411,243
71$21,097,962$806,404$0$13,591,438
72$23,146,431$742,395$0$14,890,023
73$25,400,583$671,989$0$16,319,045
74$27,881,296$594,769$0$17,891,782
75$30,611,571$510,295$0$19,622,867
76$33,616,755$418,104$0$21,528,426
77$36,924,776$317,703$0$23,626,231
78$40,566,408$208,575$0$25,935,870
79$44,575,558$90,172$0$28,478,929
80$48,989,590$0$0$31,279,196
81$53,849,674$0$0$34,369,175
82$59,201,175$0$0$37,788,085
83$65,094,083$0$0$41,552,991
84$71,583,480$0$0$45,699,100
85$78,730,065$0$0$50,265,204
86$86,600,722$0$0$55,294,051
87$95,269,151$0$0$60,832,748
88$104,816,567$0$0$66,933,201
89$115,332,464$0$0$73,652,609
90$126,915,457$0$0$81,054,001
91$139,674,217$0$0$89,206,834
92$153,728,492$0$0$98,187,643
93$169,210,239$0$0$108,080,768
94$186,264,870$0$0$118,979,149
95$205,052,621$0$0$130,985,200
96$225,750,068$0$0$144,211,779
97$248,551,791$0$0$158,783,251
98$273,672,208$0$0$174,836,662
99$301,347,604$0$0$192,523,033
100$331,838,357$0$0$212,008,784