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%12.4%
1 years$80,762$80,043$79,341$78,656$77,987$77,205
2 years$39,981$39,237$38,515$37,815$37,137$36,349
3 years$26,389$25,642$24,922$24,229$23,561$22,792
4 years$19,595$18,849$18,137$17,455$16,804$16,060
5 years$15,519$14,778$14,075$13,407$12,774$12,057
6 years$12,803$12,067$11,375$10,722$10,108$9,418
7 years$10,863$10,134$9,452$8,815$8,220$7,559
8 years$9,410$8,687$8,016$7,395$6,820$6,186
9 years$8,279$7,563$6,904$6,299$5,743$5,137
10 years$7,376$6,667$6,019$5,430$4,893$4,315
11 years$6,637$5,935$5,299$4,725$4,208$3,657
12 years$6,022$5,327$4,703$4,145$3,647$3,122
13 years$5,501$4,814$4,202$3,659$3,180$2,681
14 years$5,056$4,376$3,775$3,248$2,788$2,314
15 years$4,670$3,997$3,409$2,897$2,455$2,005
16 years$4,333$3,668$3,091$2,594$2,169$1,744
17 years$4,036$3,378$2,812$2,331$1,923$1,521
18 years$3,772$3,121$2,567$2,100$1,710$1,330
19 years$3,536$2,893$2,350$1,898$1,524$1,165
20 years$3,324$2,688$2,157$1,719$1,362$1,023
21 years$3,132$2,504$1,984$1,560$1,219$899
22 years$2,958$2,337$1,828$1,418$1,092$792
23 years$2,800$2,186$1,688$1,292$980$698
24 years$2,655$2,048$1,561$1,178$881$616
25 years$2,521$1,922$1,446$1,076$793$544
26 years$2,399$1,806$1,341$984$714$481
27 years$2,285$1,700$1,245$900$644$426
28 years$2,180$1,602$1,158$825$581$377
29 years$2,082$1,511$1,077$757$525$334
30 years$1,991$1,427$1,004$694$474$296
31 years$1,906$1,349$936$638$429$262
32 years$1,826$1,277$873$586$388$233
33 years$1,751$1,209$815$539$351$207
34 years$1,681$1,146$762$496$318$183
35 years$1,615$1,087$712$456$288$163
36 years$1,553$1,032$666$420$261$145
37 years$1,495$980$623$387$236$128
38 years$1,439$931$584$357$214$114
39 years$1,387$885$547$329$194$101
40 years$1,337$842$513$304$176$90
41 years$1,290$802$481$280$160$80
42 years$1,245$764$451$259$145$71
43 years$1,203$728$423$239$132$63
44 years$1,162$694$397$220$119$56
45 years$1,123$661$373$204$108$50
46 years$1,087$631$350$188$98$44
47 years$1,051$602$329$174$89$40
48 years$1,018$575$309$160$81$35
49 years$986$549$291$148$74$31
50 years$955$524$273$137$67$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $978,000, adding $3,934 every year, while hoping to spend $53,960 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: 64/26/10 Blend
34$978,000$978,000$978,000$978,000
35$1,081,814$1,029,980$1,014,821$1,148,450
36$1,134,746$1,023,036$991,404$1,186,470
37$1,191,268$1,013,943$965,395$1,221,313
38$1,251,691$1,002,539$936,649$1,257,998
39$1,316,352$988,653$905,015$1,296,702
40$1,385,624$972,100$870,337$1,337,622
41$1,459,914$952,690$832,450$1,380,974
42$1,539,670$930,216$791,182$1,427,001
43$1,625,382$904,463$746,352$1,475,973
44$1,717,591$875,201$697,774$1,528,187
45$1,816,886$842,187$645,251$1,583,974
46$1,923,919$805,165$588,578$1,643,703
47$2,039,404$763,863$527,540$1,707,779
48$2,164,124$717,993$461,913$1,776,655
49$2,298,941$667,251$391,464$1,850,833
50$2,444,803$611,317$315,948$1,930,867
51$2,602,752$549,850$235,111$2,017,372
52$2,773,931$482,491$148,686$2,111,033
53$2,959,600$408,861$56,395$2,212,603
54$3,161,143$328,559$0$2,322,921
55$3,380,083$241,162$0$2,447,405
56$3,618,095$146,222$0$2,589,304
57$3,877,021$43,268$0$2,743,766
58$4,158,889$0$0$2,912,084
59$4,465,930$0$0$3,115,200
60$4,800,597$0$0$3,350,146
61$5,165,594$0$0$3,606,449
62$5,563,894$0$0$3,886,205
63$5,998,770$0$0$4,191,720
64$6,473,824$0$0$4,525,535
65$6,993,025$0$0$4,890,447
66$7,560,738$0$0$5,289,534
67$8,181,773$0$0$5,726,185
68$8,861,423$0$0$6,204,135
69$9,605,518$0$0$6,727,492
70$10,420,478$0$0$7,300,784
71$11,313,373$0$0$7,928,995
72$12,291,988$0$0$8,617,614
73$13,364,898$0$0$9,372,689
74$14,541,548$0$0$10,200,877
75$15,832,339$0$0$11,109,514
76$17,248,729$0$0$12,106,679
77$18,803,338$0$0$13,201,271
78$20,510,067$0$0$14,403,091
79$22,384,228$0$0$15,722,939
80$24,442,692$0$0$17,172,710
81$26,704,040$0$0$18,765,507
82$29,188,743$0$0$20,515,767
83$31,919,355$0$0$22,439,393
84$34,920,719$0$0$24,553,905
85$38,220,209$0$0$26,878,608
86$41,847,981$0$0$29,434,766
87$45,837,258$0$0$32,245,811
88$50,224,647$0$0$35,337,556
89$55,050,476$0$0$38,738,443
90$60,359,182$0$0$42,479,809
91$66,199,723$0$0$46,596,181
92$72,626,043$0$0$51,125,601
93$79,697,576$0$0$56,109,985
94$87,479,812$0$0$61,595,518
95$96,044,907$0$0$67,633,088
96$105,472,371$0$0$74,278,767
97$115,849,808$0$0$81,594,340
98$127,273,750$0$0$89,647,883
99$139,850,564$0$0$98,514,412
100$153,697,451$0$0$108,276,584