Can I retire at age 35 with 979,000?

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 $979,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$80,845$80,125$79,422$78,736$78,067$75,118
2 years$40,022$39,277$38,554$37,854$37,175$34,238
3 years$26,416$25,668$24,947$24,253$23,585$20,753
4 years$19,615$18,869$18,155$17,473$16,821$14,115
5 years$15,535$14,793$14,089$13,421$12,787$10,214
6 years$12,816$12,080$11,386$10,733$10,118$7,680
7 years$10,875$10,145$9,462$8,824$8,229$5,925
8 years$9,419$8,696$8,024$7,402$6,826$4,655
9 years$8,288$7,571$6,911$6,305$5,749$3,706
10 years$7,383$6,674$6,026$5,435$4,898$2,981
11 years$6,644$5,941$5,305$4,730$4,213$2,416
12 years$6,028$5,332$4,708$4,149$3,651$1,970
13 years$5,507$4,819$4,206$3,663$3,183$1,615
14 years$5,061$4,380$3,779$3,252$2,791$1,329
15 years$4,675$4,002$3,412$2,900$2,457$1,096
16 years$4,337$3,671$3,094$2,596$2,172$907
17 years$4,040$3,381$2,815$2,333$1,925$752
18 years$3,776$3,124$2,570$2,102$1,712$625
19 years$3,540$2,896$2,353$1,900$1,526$520
20 years$3,327$2,691$2,159$1,721$1,363$433
21 years$3,136$2,506$1,986$1,562$1,220$361
22 years$2,961$2,340$1,830$1,420$1,093$301
23 years$2,803$2,188$1,690$1,293$981$251
24 years$2,657$2,050$1,563$1,179$882$210
25 years$2,524$1,924$1,448$1,077$794$175
26 years$2,401$1,808$1,343$985$715$146
27 years$2,287$1,702$1,247$901$645$122
28 years$2,182$1,604$1,159$826$582$102
29 years$2,084$1,513$1,079$757$525$86
30 years$1,993$1,429$1,005$695$475$72
31 years$1,908$1,351$937$638$429$60
32 years$1,828$1,278$874$587$388$50
33 years$1,753$1,210$816$539$351$42
34 years$1,683$1,147$762$496$318$35
35 years$1,617$1,088$713$457$288$29
36 years$1,555$1,033$667$421$261$25
37 years$1,496$981$624$388$237$21
38 years$1,441$932$584$357$214$17
39 years$1,388$886$548$330$194$14
40 years$1,338$843$513$304$176$12
41 years$1,291$803$481$280$160$10
42 years$1,246$764$451$259$145$9
43 years$1,204$728$424$239$132$7
44 years$1,163$694$398$221$120$6
45 years$1,125$662$373$204$109$5
46 years$1,088$632$351$188$99$4
47 years$1,052$603$329$174$90$4
48 years$1,019$575$310$161$81$3
49 years$987$549$291$148$74$2
50 years$956$525$274$137$67$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $979,000, adding $2,497 every year, while hoping to spend $54,339 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: 53/27/20 Blend
34$979,000$979,000$979,000$979,000
35$1,081,434$1,029,547$1,014,372$1,132,701
36$1,133,924$1,022,178$990,537$1,160,813
37$1,189,946$1,012,627$964,083$1,185,495
38$1,249,805$1,000,730$934,864$1,211,186
39$1,313,831$986,312$902,728$1,237,998
40$1,382,389$969,189$867,516$1,266,060
41$1,455,879$949,165$829,064$1,295,515
42$1,534,737$926,033$787,196$1,326,525
43$1,619,445$899,573$741,733$1,359,271
44$1,710,531$869,555$692,483$1,393,956
45$1,808,574$835,731$639,250$1,430,808
46$1,914,209$797,843$581,825$1,470,083
47$2,028,136$755,615$519,994$1,512,066
48$2,151,121$708,755$453,529$1,557,076
49$2,284,009$656,958$382,196$1,605,470
50$2,427,726$599,896$305,747$1,657,648
51$2,583,290$537,228$223,926$1,714,053
52$2,751,822$468,588$136,464$1,775,181
53$2,934,552$393,594$43,080$1,841,585
54$3,132,836$311,839$0$1,913,880
55$3,348,162$222,896$0$2,004,827
56$3,582,168$126,311$0$2,113,709
57$3,836,656$21,607$0$2,232,241
58$4,113,609$0$0$2,361,436
59$4,415,208$0$0$2,529,670
60$4,743,853$0$0$2,720,073
61$5,102,187$0$0$2,927,766
62$5,493,115$0$0$3,154,447
63$5,919,840$0$0$3,401,983
64$6,385,883$0$0$3,672,430
65$6,895,122$0$0$3,968,051
66$7,451,827$0$0$4,291,338
67$8,060,698$0$0$4,645,035
68$8,726,910$0$0$5,032,161
69$9,456,163$0$0$5,456,045
70$10,254,731$0$0$5,920,349
71$11,129,526$0$0$6,429,107
72$12,088,157$0$0$6,986,762
73$13,139,006$0$0$7,598,208
74$14,291,305$0$0$8,268,833
75$15,555,220$0$0$9,004,573
76$16,941,949$0$0$9,811,967
77$18,463,828$0$0$10,698,216
78$20,134,443$0$0$11,671,254
79$21,968,761$0$0$12,739,819
80$23,983,268$0$0$13,913,538
81$26,196,127$0$0$15,203,015
82$28,627,344$0$0$16,619,933
83$31,298,960$0$0$18,177,162
84$34,235,258$0$0$19,888,882
85$37,462,987$0$0$21,770,713
86$41,011,621$0$0$23,839,866
87$44,913,628$0$0$26,115,301
88$49,204,783$0$0$28,617,909
89$53,924,500$0$0$31,370,706
90$59,116,205$0$0$34,399,053
91$64,827,742$0$0$37,730,891
92$71,111,829$0$0$41,397,004
93$78,026,550$0$0$45,431,314
94$85,635,904$0$0$49,871,196
95$94,010,408$0$0$54,757,831
96$103,227,760$0$0$60,136,596
97$113,373,573$0$0$66,057,490
98$124,542,181$0$0$72,575,603
99$136,837,529$0$0$79,751,642
100$150,374,152$0$0$87,652,497