Can I retire at age 35 with 980,000?

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 $980,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$80,927$80,207$79,503$78,817$78,147$75,827
2 years$40,063$39,317$38,594$37,893$37,213$34,895
3 years$26,443$25,694$24,973$24,278$23,609$21,366
4 years$19,635$18,888$18,174$17,491$16,838$14,687
5 years$15,551$14,808$14,104$13,435$12,800$10,746
6 years$12,829$12,092$11,398$10,744$10,128$8,174
7 years$10,886$10,155$9,472$8,833$8,237$6,382
8 years$9,429$8,705$8,033$7,410$6,833$5,076
9 years$8,296$7,579$6,919$6,312$5,755$4,094
10 years$7,391$6,680$6,032$5,441$4,903$3,337
11 years$6,650$5,947$5,310$4,735$4,217$2,742
12 years$6,034$5,338$4,713$4,153$3,654$2,267
13 years$5,513$4,824$4,211$3,667$3,187$1,885
14 years$5,066$4,385$3,783$3,255$2,793$1,574
15 years$4,680$4,006$3,416$2,903$2,460$1,318
16 years$4,342$3,675$3,097$2,599$2,174$1,107
17 years$4,044$3,385$2,818$2,335$1,927$932
18 years$3,779$3,128$2,572$2,105$1,714$787
19 years$3,543$2,899$2,355$1,902$1,528$665
20 years$3,331$2,693$2,161$1,722$1,364$563
21 years$3,139$2,509$1,988$1,563$1,221$477
22 years$2,964$2,342$1,832$1,421$1,094$404
23 years$2,806$2,190$1,692$1,294$982$343
24 years$2,660$2,052$1,565$1,181$883$291
25 years$2,527$1,926$1,449$1,078$795$247
26 years$2,403$1,810$1,344$986$716$210
27 years$2,290$1,703$1,248$902$645$179
28 years$2,184$1,605$1,160$827$582$152
29 years$2,086$1,514$1,080$758$526$130
30 years$1,995$1,430$1,006$696$475$110
31 years$1,910$1,352$938$639$430$94
32 years$1,830$1,279$875$587$389$80
33 years$1,755$1,211$817$540$352$68
34 years$1,685$1,148$763$497$318$58
35 years$1,619$1,089$713$457$288$49
36 years$1,556$1,034$667$421$261$42
37 years$1,498$982$625$388$237$36
38 years$1,442$933$585$358$215$31
39 years$1,390$887$548$330$195$26
40 years$1,340$844$514$304$177$22
41 years$1,293$803$482$281$160$19
42 years$1,248$765$452$259$145$16
43 years$1,205$729$424$239$132$14
44 years$1,164$695$398$221$120$12
45 years$1,126$663$374$204$109$10
46 years$1,089$632$351$188$99$9
47 years$1,054$603$330$174$90$7
48 years$1,020$576$310$161$81$6
49 years$988$550$291$149$74$5
50 years$957$525$274$137$67$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $980,000, adding $6,934 every year, while hoping to spend $45,302 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: 48/42/10 Blend
34$980,000$980,000$980,000$980,000
35$1,087,112$1,035,172$1,019,982$1,136,009
36$1,149,797$1,037,695$1,005,951$1,172,863
37$1,217,357$1,038,823$989,931$1,207,551
38$1,290,242$1,038,439$971,808$1,244,177
39$1,368,946$1,036,422$951,463$1,282,934
40$1,454,011$1,032,639$928,769$1,324,039
41$1,546,034$1,026,953$903,597$1,367,734
42$1,645,670$1,019,214$875,808$1,414,285
43$1,753,640$1,009,267$845,260$1,463,991
44$1,870,737$996,947$811,801$1,517,182
45$1,997,831$982,077$775,276$1,574,226
46$2,135,882$964,471$735,520$1,635,530
47$2,285,944$943,932$692,362$1,701,548
48$2,449,177$920,251$645,623$1,772,783
49$2,626,856$893,207$595,114$1,849,794
50$2,820,387$862,565$540,642$1,933,200
51$3,031,313$828,078$482,000$2,023,687
52$3,261,337$789,483$418,977$2,122,019
53$3,512,329$746,503$351,348$2,229,040
54$3,786,350$698,845$278,882$2,345,687
55$4,085,667$646,198$201,334$2,472,998
56$4,412,778$588,234$118,451$2,612,122
57$4,770,430$524,607$29,969$2,764,334
58$5,161,651$454,950$0$2,931,045
59$5,589,773$378,876$0$3,120,695
60$6,058,465$295,976$0$3,331,996
61$6,571,767$205,817$0$3,563,693
62$7,134,129$107,944$0$3,817,938
63$7,750,451$1,874$0$4,097,112
64$8,426,130$0$0$4,403,845
65$9,167,110$0$0$4,793,223
66$9,979,938$0$0$5,221,419
67$10,871,825$0$0$5,691,378
68$11,850,713$0$0$6,207,300
69$12,925,351$0$0$6,773,811
70$14,105,377$0$0$7,396,007
71$15,401,407$0$0$8,079,502
72$16,825,137$0$0$8,830,481
73$18,389,450$0$0$9,655,756
74$20,108,540$0$0$10,562,832
75$21,998,043$0$0$11,559,980
76$24,075,185$0$0$12,656,308
77$26,358,947$0$0$13,861,853
78$28,870,237$0$0$15,187,675
79$31,632,093$0$0$16,645,955
80$34,669,897$0$0$18,250,118
81$38,011,614$0$0$20,014,953
82$41,688,055$0$0$21,956,756
83$45,733,171$0$0$24,093,481
84$50,184,365$0$0$26,444,913
85$55,082,853$0$0$29,032,848
86$60,474,047$0$0$31,881,305
87$66,407,984$0$0$35,016,748
88$72,939,799$0$0$38,468,339
89$80,130,242$0$0$42,268,208
90$88,046,253$0$0$46,451,760
91$96,761,594$0$0$51,058,009
92$106,357,540$0$0$56,129,943
93$116,923,650$0$0$61,714,931
94$128,558,608$0$0$67,865,169
95$141,371,158$0$0$74,638,174
96$155,481,125$0$0$82,097,324
97$171,020,546$0$0$90,312,459
98$188,134,920$0$0$99,360,535
99$206,984,573$0$0$109,326,355
100$227,746,178$0$0$120,303,367