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%14.1%
1 years$80,927$80,207$79,503$78,817$78,147$76,820
2 years$40,063$39,317$38,594$37,893$37,213$35,881
3 years$26,443$25,694$24,973$24,278$23,609$22,313
4 years$19,635$18,888$18,174$17,491$16,838$15,588
5 years$15,551$14,808$14,104$13,435$12,800$11,599
6 years$12,829$12,092$11,398$10,744$10,128$8,977
7 years$10,886$10,155$9,472$8,833$8,237$7,137
8 years$9,429$8,705$8,033$7,410$6,833$5,784
9 years$8,296$7,579$6,919$6,312$5,755$4,756
10 years$7,391$6,680$6,032$5,441$4,903$3,953
11 years$6,650$5,947$5,310$4,735$4,217$3,315
12 years$6,034$5,338$4,713$4,153$3,654$2,800
13 years$5,513$4,824$4,211$3,667$3,187$2,378
14 years$5,066$4,385$3,783$3,255$2,793$2,029
15 years$4,680$4,006$3,416$2,903$2,460$1,738
16 years$4,342$3,675$3,097$2,599$2,174$1,494
17 years$4,044$3,385$2,818$2,335$1,927$1,287
18 years$3,779$3,128$2,572$2,105$1,714$1,112
19 years$3,543$2,899$2,355$1,902$1,528$962
20 years$3,331$2,693$2,161$1,722$1,364$834
21 years$3,139$2,509$1,988$1,563$1,221$724
22 years$2,964$2,342$1,832$1,421$1,094$629
23 years$2,806$2,190$1,692$1,294$982$548
24 years$2,660$2,052$1,565$1,181$883$477
25 years$2,527$1,926$1,449$1,078$795$416
26 years$2,403$1,810$1,344$986$716$363
27 years$2,290$1,703$1,248$902$645$317
28 years$2,184$1,605$1,160$827$582$276
29 years$2,086$1,514$1,080$758$526$242
30 years$1,995$1,430$1,006$696$475$211
31 years$1,910$1,352$938$639$430$185
32 years$1,830$1,279$875$587$389$161
33 years$1,755$1,211$817$540$352$141
34 years$1,685$1,148$763$497$318$124
35 years$1,619$1,089$713$457$288$108
36 years$1,556$1,034$667$421$261$95
37 years$1,498$982$625$388$237$83
38 years$1,442$933$585$358$215$73
39 years$1,390$887$548$330$195$64
40 years$1,340$844$514$304$177$56
41 years$1,293$803$482$281$160$49
42 years$1,248$765$452$259$145$43
43 years$1,205$729$424$239$132$37
44 years$1,164$695$398$221$120$33
45 years$1,126$663$374$204$109$29
46 years$1,089$632$351$188$99$25
47 years$1,054$603$330$174$90$22
48 years$1,020$576$310$161$81$19
49 years$988$550$291$149$74$17
50 years$957$525$274$137$67$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $980,000, adding $6,608 every year, while hoping to spend $21,764 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: 45/27/28 Blend
34$980,000$980,000$980,000$980,000
35$1,086,776$1,034,836$1,019,646$1,126,627
36$1,174,471$1,062,386$1,030,648$1,183,155
37$1,270,380$1,090,557$1,041,288$1,241,825
38$1,375,321$1,119,356$1,051,533$1,305,037
39$1,490,189$1,148,790$1,061,344$1,373,229
40$1,615,973$1,178,865$1,070,684$1,446,881
41$1,753,761$1,209,588$1,079,511$1,526,523
42$1,904,752$1,240,965$1,087,782$1,612,738
43$2,070,265$1,273,001$1,095,451$1,706,169
44$2,251,754$1,305,701$1,102,471$1,807,525
45$2,450,820$1,339,067$1,108,791$1,917,585
46$2,669,227$1,373,105$1,114,359$2,037,211
47$2,908,917$1,407,815$1,119,118$2,167,349
48$3,172,029$1,443,201$1,123,011$2,309,045
49$3,460,920$1,479,262$1,125,976$2,463,451
50$3,778,186$1,515,998$1,127,949$2,631,833
51$4,126,687$1,553,408$1,128,861$2,815,592
52$4,509,574$1,591,490$1,128,643$3,016,268
53$4,930,318$1,630,240$1,127,219$3,235,560
54$5,392,741$1,669,652$1,124,512$3,475,340
55$5,901,057$1,709,722$1,120,439$3,737,671
56$6,459,906$1,750,439$1,114,915$4,024,828
57$7,074,401$1,791,795$1,107,850$4,339,318
58$7,750,176$1,833,779$1,099,148$4,683,904
59$8,493,436$1,876,377$1,088,713$5,061,630
60$9,311,021$1,919,574$1,076,438$5,475,855
61$10,210,463$1,963,351$1,062,218$5,930,278
62$11,200,065$2,007,690$1,045,937$6,428,977
63$12,288,973$2,052,568$1,027,476$6,976,447
64$13,487,264$2,097,959$1,006,713$7,577,642
65$14,806,042$2,143,837$983,515$8,238,024
66$16,257,542$2,190,169$957,747$8,963,612
67$17,855,247$2,236,922$929,266$9,761,041
68$19,614,009$2,284,058$897,924$10,637,622
69$21,550,197$2,331,536$863,563$11,601,416
70$23,681,846$2,379,310$826,022$12,661,307
71$26,028,829$2,427,332$785,129$13,827,088
72$28,613,046$2,475,547$740,706$15,109,549
73$31,458,624$2,523,896$692,567$16,520,588
74$34,592,153$2,572,317$640,518$18,073,315
75$38,042,932$2,620,740$584,355$19,782,181
76$41,843,246$2,669,090$523,865$21,663,113
77$46,028,669$2,717,288$458,827$23,733,668
78$50,638,404$2,765,246$389,008$26,013,193
79$55,715,648$2,812,870$314,167$28,523,013
80$61,308,004$2,860,060$234,051$31,286,633
81$67,467,924$2,906,707$148,396$34,329,959
82$74,253,212$2,952,695$56,926$37,681,540
83$81,727,560$2,997,898$0$41,372,845
84$89,961,159$3,042,182$0$45,450,712
85$99,031,352$3,085,405$0$49,960,149
86$109,023,371$3,127,410$0$54,926,352
87$120,031,137$3,168,036$0$60,395,850
88$132,158,148$3,207,104$0$66,419,916
89$145,518,454$3,244,427$0$73,055,055
90$160,237,737$3,279,805$0$80,363,534
91$176,454,494$3,313,023$0$88,413,971
92$194,321,343$3,343,852$0$97,281,987
93$214,006,469$3,372,050$0$107,050,912
94$235,695,205$3,397,356$0$117,812,580
95$259,591,784$3,419,495$0$129,668,191
96$285,921,268$3,438,172$0$142,729,267
97$314,931,669$3,453,074$0$157,118,711
98$346,896,294$3,463,870$0$172,971,957
99$382,116,321$3,470,204$0$190,438,261
100$420,923,644$3,471,702$0$209,682,100