Can I retire at age 35 with 978,000?

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 $978,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$80,762$80,043$79,341$78,656$77,987$75,400
2 years$39,981$39,237$38,515$37,815$37,137$34,556
3 years$26,389$25,642$24,922$24,229$23,561$21,067
4 years$19,595$18,849$18,137$17,455$16,804$14,415
5 years$15,519$14,778$14,075$13,407$12,774$10,498
6 years$12,803$12,067$11,375$10,722$10,108$7,945
7 years$10,863$10,134$9,452$8,815$8,220$6,172
8 years$9,410$8,687$8,016$7,395$6,820$4,883
9 years$8,279$7,563$6,904$6,299$5,743$3,917
10 years$7,376$6,667$6,019$5,430$4,893$3,174
11 years$6,637$5,935$5,299$4,725$4,208$2,593
12 years$6,022$5,327$4,703$4,145$3,647$2,132
13 years$5,501$4,814$4,202$3,659$3,180$1,761
14 years$5,056$4,376$3,775$3,248$2,788$1,461
15 years$4,670$3,997$3,409$2,897$2,455$1,216
16 years$4,333$3,668$3,091$2,594$2,169$1,015
17 years$4,036$3,378$2,812$2,331$1,923$849
18 years$3,772$3,121$2,567$2,100$1,710$712
19 years$3,536$2,893$2,350$1,898$1,524$597
20 years$3,324$2,688$2,157$1,719$1,362$502
21 years$3,132$2,504$1,984$1,560$1,219$422
22 years$2,958$2,337$1,828$1,418$1,092$356
23 years$2,800$2,186$1,688$1,292$980$300
24 years$2,655$2,048$1,561$1,178$881$253
25 years$2,521$1,922$1,446$1,076$793$213
26 years$2,399$1,806$1,341$984$714$180
27 years$2,285$1,700$1,245$900$644$152
28 years$2,180$1,602$1,158$825$581$128
29 years$2,082$1,511$1,077$757$525$108
30 years$1,991$1,427$1,004$694$474$92
31 years$1,906$1,349$936$638$429$77
32 years$1,826$1,277$873$586$388$65
33 years$1,751$1,209$815$539$351$55
34 years$1,681$1,146$762$496$318$47
35 years$1,615$1,087$712$456$288$40
36 years$1,553$1,032$666$420$261$33
37 years$1,495$980$623$387$236$28
38 years$1,439$931$584$357$214$24
39 years$1,387$885$547$329$194$20
40 years$1,337$842$513$304$176$17
41 years$1,290$802$481$280$160$14
42 years$1,245$764$451$259$145$12
43 years$1,203$728$423$239$132$10
44 years$1,162$694$397$220$119$9
45 years$1,123$661$373$204$108$7
46 years$1,087$631$350$188$98$6
47 years$1,051$602$329$174$89$5
48 years$1,018$575$309$160$81$4
49 years$986$549$291$148$74$4
50 years$955$524$273$137$67$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $978,000, adding $3,155 every year, while hoping to spend $44,300 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: 67/24/9 Blend
34$978,000$978,000$978,000$978,000
35$1,081,010$1,029,176$1,014,017$1,151,307
36$1,144,139$1,032,471$1,000,852$1,201,710
37$1,212,221$1,034,443$985,761$1,251,194
38$1,285,717$1,034,979$968,633$1,304,128
39$1,365,129$1,033,962$949,351$1,360,843
40$1,451,011$1,031,266$927,794$1,421,705
41$1,543,973$1,026,757$903,834$1,487,118
42$1,644,684$1,020,293$877,337$1,557,529
43$1,753,878$1,011,724$848,165$1,633,429
44$1,872,365$1,000,890$816,170$1,715,363
45$2,001,035$987,623$781,201$1,803,931
46$2,140,867$971,742$743,097$1,899,795
47$2,292,937$953,059$701,692$2,003,688
48$2,458,430$931,372$656,812$2,116,417
49$2,638,648$906,468$608,274$2,238,874
50$2,835,027$878,122$555,888$2,372,044
51$3,049,145$846,095$499,455$2,517,014
52$3,282,738$810,134$438,767$2,674,983
53$3,537,720$769,972$373,608$2,847,277
54$3,816,193$725,327$303,750$3,035,356
55$4,120,477$675,900$228,957$3,240,836
56$4,453,120$621,374$148,983$3,465,496
57$4,816,933$561,416$63,568$3,711,303
58$5,215,006$495,672$0$3,980,426
59$5,650,746$423,768$0$4,277,908
60$6,127,901$345,312$0$4,610,428
61$6,650,601$259,886$0$4,974,820
62$7,223,391$167,050$0$5,374,330
63$7,851,281$66,339$0$5,812,539
64$8,539,786$0$0$6,293,394
65$9,294,980$0$0$6,832,538
66$10,123,554$0$0$7,443,353
67$11,032,877$0$0$8,113,758
68$12,031,069$0$0$8,849,746
69$13,127,070$0$0$9,657,920
70$14,330,732$0$0$10,545,550
71$15,652,905$0$0$11,520,648
72$17,105,544$0$0$12,592,039
73$18,701,817$0$0$13,769,445
74$20,456,233$0$0$15,063,576
75$22,384,774$0$0$16,486,233
76$24,505,049$0$0$18,050,415
77$26,836,459$0$0$19,770,445
78$29,400,378$0$0$21,662,103
79$32,220,354$0$0$23,742,775
80$35,322,333$0$0$26,031,616
81$38,734,903$0$0$28,549,732
82$42,489,560$0$0$31,320,377
83$46,621,009$0$0$34,369,173
84$51,167,487$0$0$37,724,351
85$56,171,126$0$0$41,417,016
86$61,678,351$0$0$45,481,445
87$67,740,312$0$0$49,955,401
88$74,413,372$0$0$54,880,499
89$81,759,636$0$0$60,302,591
90$89,847,536$0$0$66,272,201
91$98,752,477$0$0$72,845,001
92$108,557,548$0$0$80,082,338
93$119,354,304$0$0$88,051,809
94$131,243,631$0$0$96,827,899
95$144,336,698$0$0$106,492,687
96$158,756,004$0$0$117,136,616
97$174,636,534$0$0$128,859,348
98$192,127,031$0$0$141,770,705
99$211,391,402$0$0$155,991,703
100$232,610,263$0$0$171,655,696