Can I retire at age 35 with 980,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%16.8%
1 years$80,927$80,207$79,503$78,817$78,147$75,980
2 years$40,063$39,317$38,594$37,893$37,213$35,046
3 years$26,443$25,694$24,973$24,278$23,609$21,511
4 years$19,635$18,888$18,174$17,491$16,838$14,824
5 years$15,551$14,808$14,104$13,435$12,800$10,875
6 years$12,829$12,092$11,398$10,744$10,128$8,294
7 years$10,886$10,155$9,472$8,833$8,237$6,494
8 years$9,429$8,705$8,033$7,410$6,833$5,181
9 years$8,296$7,579$6,919$6,312$5,755$4,191
10 years$7,391$6,680$6,032$5,441$4,903$3,426
11 years$6,650$5,947$5,310$4,735$4,217$2,825
12 years$6,034$5,338$4,713$4,153$3,654$2,344
13 years$5,513$4,824$4,211$3,667$3,187$1,955
14 years$5,066$4,385$3,783$3,255$2,793$1,638
15 years$4,680$4,006$3,416$2,903$2,460$1,377
16 years$4,342$3,675$3,097$2,599$2,174$1,161
17 years$4,044$3,385$2,818$2,335$1,927$981
18 years$3,779$3,128$2,572$2,105$1,714$831
19 years$3,543$2,899$2,355$1,902$1,528$705
20 years$3,331$2,693$2,161$1,722$1,364$598
21 years$3,139$2,509$1,988$1,563$1,221$509
22 years$2,964$2,342$1,832$1,421$1,094$433
23 years$2,806$2,190$1,692$1,294$982$369
24 years$2,660$2,052$1,565$1,181$883$315
25 years$2,527$1,926$1,449$1,078$795$269
26 years$2,403$1,810$1,344$986$716$229
27 years$2,290$1,703$1,248$902$645$196
28 years$2,184$1,605$1,160$827$582$167
29 years$2,086$1,514$1,080$758$526$143
30 years$1,995$1,430$1,006$696$475$122
31 years$1,910$1,352$938$639$430$104
32 years$1,830$1,279$875$587$389$89
33 years$1,755$1,211$817$540$352$76
34 years$1,685$1,148$763$497$318$65
35 years$1,619$1,089$713$457$288$56
36 years$1,556$1,034$667$421$261$48
37 years$1,498$982$625$388$237$41
38 years$1,442$933$585$358$215$35
39 years$1,390$887$548$330$195$30
40 years$1,340$844$514$304$177$26
41 years$1,293$803$482$281$160$22
42 years$1,248$765$452$259$145$19
43 years$1,205$729$424$239$132$16
44 years$1,164$695$398$221$120$14
45 years$1,126$663$374$204$109$12
46 years$1,089$632$351$188$99$10
47 years$1,054$603$330$174$90$9
48 years$1,020$576$310$161$81$7
49 years$988$550$291$149$74$6
50 years$957$525$274$137$67$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $980,000, adding $6,551 every year, while hoping to spend $25,703 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: 44/50/6 Blend
34$980,000$980,000$980,000$980,000
35$1,086,717$1,034,777$1,019,587$1,132,410
36$1,170,215$1,058,134$1,026,396$1,188,004
37$1,261,367$1,081,773$1,032,571$1,245,045
38$1,360,929$1,105,682$1,038,064$1,306,265
39$1,469,729$1,129,846$1,042,825$1,372,055
40$1,588,682$1,154,249$1,046,800$1,442,846
41$1,718,792$1,178,872$1,049,932$1,519,112
42$1,861,168$1,203,695$1,052,164$1,601,378
43$2,017,029$1,228,698$1,053,433$1,690,218
44$2,187,716$1,253,855$1,053,674$1,786,267
45$2,374,710$1,279,141$1,052,819$1,890,225
46$2,579,639$1,304,527$1,050,796$2,002,862
47$2,804,295$1,329,982$1,047,531$2,125,026
48$3,050,655$1,355,473$1,042,945$2,257,653
49$3,320,894$1,380,963$1,036,956$2,401,773
50$3,617,408$1,406,412$1,029,476$2,558,524
51$3,942,836$1,431,779$1,020,416$2,729,155
52$4,300,086$1,457,017$1,009,681$2,915,049
53$4,692,361$1,482,077$997,172$3,117,724
54$5,123,189$1,506,906$982,784$3,338,858
55$5,596,455$1,531,445$966,408$3,580,298
56$6,116,441$1,555,634$947,931$3,844,082
57$6,687,865$1,579,406$927,233$4,132,453
58$7,315,921$1,602,691$904,189$4,447,887
59$8,006,335$1,625,413$878,669$4,793,111
60$8,765,412$1,647,490$850,536$5,171,133
61$9,600,103$1,668,835$819,647$5,585,267
62$10,518,061$1,689,356$785,853$6,039,168
63$11,527,721$1,708,952$748,997$6,536,863
64$12,638,377$1,727,519$708,917$7,082,792
65$13,860,267$1,744,943$665,441$7,681,852
66$15,204,671$1,761,102$618,390$8,339,436
67$16,684,021$1,775,870$567,580$9,061,494
68$18,312,011$1,789,107$512,814$9,854,582
69$20,103,732$1,800,670$453,889$10,725,928
70$22,075,812$1,810,401$390,593$11,683,500
71$24,246,571$1,818,137$322,704$12,736,082
72$26,636,196$1,823,701$249,990$13,893,355
73$29,266,933$1,826,907$172,209$15,165,992
74$32,163,290$1,827,556$89,109$16,565,759
75$35,352,277$1,825,437$425$18,105,624
76$38,863,653$1,820,327$0$19,799,883
77$42,730,210$1,811,988$0$21,670,327
78$46,988,084$1,800,168$0$23,728,714
79$51,677,092$1,784,599$0$25,994,184
80$56,841,110$1,764,999$0$28,487,864
81$62,528,486$1,741,067$0$31,233,037
82$68,792,496$1,712,483$0$34,255,371
83$75,691,847$1,678,912$0$37,583,154
84$83,291,232$1,639,994$0$41,247,566
85$91,661,936$1,595,353$0$45,282,975
86$100,882,515$1,544,586$0$49,727,259
87$111,039,531$1,487,270$0$54,622,168
88$122,228,373$1,422,957$0$60,013,721
89$134,554,155$1,351,170$0$65,952,635
90$148,132,710$1,271,408$0$72,494,811
91$163,091,679$1,183,140$0$79,701,863
92$179,571,721$1,085,804$0$87,641,697
93$197,727,834$978,806$0$96,389,159
94$217,730,825$861,519$0$106,026,739
95$239,768,915$733,280$0$116,645,356
96$264,049,521$593,387$0$128,345,213
97$290,801,210$441,102$0$141,236,750
98$320,275,859$275,641$0$155,441,687
99$352,751,030$96,180$0$171,094,176
100$388,532,589$0$0$188,342,067