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%11.4%
1 years$80,927$80,207$79,503$78,817$78,147$77,687
2 years$40,063$39,317$38,594$37,893$37,213$36,749
3 years$26,443$25,694$24,973$24,278$23,609$23,156
4 years$19,635$18,888$18,174$17,491$16,838$16,398
5 years$15,551$14,808$14,104$13,435$12,800$12,375
6 years$12,829$12,092$11,398$10,744$10,128$9,719
7 years$10,886$10,155$9,472$8,833$8,237$7,844
8 years$9,429$8,705$8,033$7,410$6,833$6,456
9 years$8,296$7,579$6,919$6,312$5,755$5,393
10 years$7,391$6,680$6,032$5,441$4,903$4,557
11 years$6,650$5,947$5,310$4,735$4,217$3,886
12 years$6,034$5,338$4,713$4,153$3,654$3,339
13 years$5,513$4,824$4,211$3,667$3,187$2,886
14 years$5,066$4,385$3,783$3,255$2,793$2,507
15 years$4,680$4,006$3,416$2,903$2,460$2,187
16 years$4,342$3,675$3,097$2,599$2,174$1,915
17 years$4,044$3,385$2,818$2,335$1,927$1,682
18 years$3,779$3,128$2,572$2,105$1,714$1,481
19 years$3,543$2,899$2,355$1,902$1,528$1,307
20 years$3,331$2,693$2,161$1,722$1,364$1,156
21 years$3,139$2,509$1,988$1,563$1,221$1,024
22 years$2,964$2,342$1,832$1,421$1,094$908
23 years$2,806$2,190$1,692$1,294$982$807
24 years$2,660$2,052$1,565$1,181$883$718
25 years$2,527$1,926$1,449$1,078$795$639
26 years$2,403$1,810$1,344$986$716$569
27 years$2,290$1,703$1,248$902$645$508
28 years$2,184$1,605$1,160$827$582$453
29 years$2,086$1,514$1,080$758$526$405
30 years$1,995$1,430$1,006$696$475$361
31 years$1,910$1,352$938$639$430$323
32 years$1,830$1,279$875$587$389$289
33 years$1,755$1,211$817$540$352$259
34 years$1,685$1,148$763$497$318$231
35 years$1,619$1,089$713$457$288$207
36 years$1,556$1,034$667$421$261$186
37 years$1,498$982$625$388$237$166
38 years$1,442$933$585$358$215$149
39 years$1,390$887$548$330$195$133
40 years$1,340$844$514$304$177$120
41 years$1,293$803$482$281$160$107
42 years$1,248$765$452$259$145$96
43 years$1,205$729$424$239$132$86
44 years$1,164$695$398$221$120$77
45 years$1,126$663$374$204$109$69
46 years$1,089$632$351$188$99$62
47 years$1,054$603$330$174$90$56
48 years$1,020$576$310$161$81$50
49 years$988$550$291$149$74$45
50 years$957$525$274$137$67$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $980,000, adding $5,522 every year, while hoping to spend $22,824 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: 32/45/23 Blend
34$980,000$980,000$980,000$980,000
35$1,085,656$1,033,716$1,018,526$1,112,565
36$1,172,108$1,060,083$1,028,362$1,159,707
37$1,266,614$1,086,978$1,037,763$1,208,011
38$1,369,970$1,114,401$1,046,689$1,259,575
39$1,483,054$1,142,355$1,055,101$1,314,698
40$1,606,834$1,170,838$1,062,954$1,373,713
41$1,742,373$1,199,851$1,070,205$1,436,983
42$1,890,843$1,229,392$1,076,806$1,504,909
43$2,053,537$1,259,460$1,082,706$1,577,934
44$2,231,874$1,290,050$1,087,854$1,656,546
45$2,427,422$1,321,159$1,092,193$1,741,282
46$2,641,904$1,352,781$1,095,667$1,832,733
47$2,877,220$1,384,909$1,098,214$1,931,552
48$3,135,463$1,417,536$1,099,770$2,038,457
49$3,418,936$1,450,651$1,100,268$2,154,241
50$3,730,179$1,484,245$1,099,639$2,279,777
51$4,071,988$1,518,303$1,097,807$2,416,028
52$4,447,443$1,552,812$1,094,696$2,564,055
53$4,859,938$1,587,756$1,090,224$2,725,028
54$5,313,212$1,623,116$1,084,307$2,900,236
55$5,811,383$1,658,872$1,076,854$3,091,101
56$6,358,988$1,695,000$1,067,773$3,299,191
57$6,961,026$1,731,477$1,056,965$3,526,232
58$7,623,005$1,768,274$1,044,328$3,774,130
59$8,350,993$1,805,360$1,029,754$4,044,984
60$9,151,674$1,842,703$1,013,130$4,341,110
61$10,032,414$1,880,265$994,340$4,665,059
62$11,001,329$1,918,007$973,259$5,019,646
63$12,067,360$1,955,884$949,758$5,407,972
64$13,240,358$1,993,850$923,703$5,833,457
65$14,531,180$2,031,854$894,952$6,299,871
66$15,951,785$2,069,840$863,358$6,811,372
67$17,515,352$2,107,747$828,765$7,372,540
68$19,236,402$2,145,511$791,013$7,988,429
69$21,130,936$2,183,061$749,932$8,664,606
70$23,216,583$2,220,323$705,347$9,407,213
71$25,512,770$2,257,215$657,072$10,223,017
72$28,040,904$2,293,649$604,915$11,119,480
73$30,824,570$2,329,533$548,674$12,104,828
74$33,889,761$2,364,764$488,139$13,188,130
75$37,265,116$2,399,237$423,091$14,379,380
76$40,982,192$2,432,834$353,299$15,689,600
77$45,075,766$2,465,433$278,525$17,130,936
78$49,584,156$2,496,901$198,517$18,716,781
79$54,549,587$2,527,096$113,015$20,461,896
80$60,018,590$2,555,869$21,745$22,382,553
81$66,042,436$2,583,057$0$24,496,690
82$72,677,627$2,608,488$0$26,842,645
83$79,986,421$2,631,980$0$29,430,549
84$88,037,425$2,653,337$0$32,279,160
85$96,906,243$2,672,351$0$35,415,041
86$106,676,183$2,688,799$0$38,867,465
87$117,439,051$2,702,448$0$42,668,693
88$129,296,011$2,713,044$0$46,854,281
89$142,358,543$2,720,323$0$51,463,415
90$156,749,495$2,723,999$0$56,539,282
91$172,604,242$2,723,773$0$62,129,478
92$190,071,961$2,719,325$0$68,286,456
93$209,317,043$2,710,314$0$75,068,026
94$230,520,642$2,696,380$0$82,537,901
95$253,882,386$2,677,141$0$90,766,294
96$279,622,261$2,652,192$0$99,830,590
97$307,982,684$2,621,102$0$109,816,072
98$339,230,797$2,583,416$0$120,816,727
99$373,660,986$2,538,650$0$132,936,140
100$411,597,655$2,486,293$0$146,288,466