Can I retire at age 35 with 981,000?

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 $981,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$81,010$80,288$79,584$78,897$78,226$77,831
2 years$40,104$39,357$38,633$37,931$37,251$36,852
3 years$26,470$25,720$24,998$24,303$23,633$23,243
4 years$19,655$18,907$18,192$17,509$16,855$16,477
5 years$15,567$14,823$14,118$13,449$12,813$12,448
6 years$12,842$12,104$11,409$10,755$10,139$9,787
7 years$10,897$10,165$9,481$8,842$8,245$7,907
8 years$9,438$8,714$8,041$7,418$6,840$6,515
9 years$8,305$7,587$6,926$6,318$5,761$5,449
10 years$7,398$6,687$6,038$5,446$4,908$4,610
11 years$6,657$5,953$5,316$4,740$4,221$3,936
12 years$6,040$5,343$4,718$4,157$3,658$3,385
13 years$5,518$4,829$4,215$3,670$3,190$2,930
14 years$5,071$4,389$3,787$3,258$2,796$2,549
15 years$4,684$4,010$3,419$2,906$2,462$2,226
16 years$4,346$3,679$3,100$2,602$2,176$1,952
17 years$4,048$3,388$2,821$2,338$1,929$1,717
18 years$3,783$3,131$2,575$2,107$1,716$1,514
19 years$3,547$2,902$2,357$1,904$1,529$1,338
20 years$3,334$2,696$2,163$1,724$1,366$1,185
21 years$3,142$2,511$1,990$1,565$1,222$1,051
22 years$2,968$2,344$1,834$1,423$1,096$934
23 years$2,808$2,193$1,693$1,296$983$831
24 years$2,663$2,054$1,566$1,182$884$740
25 years$2,529$1,928$1,451$1,079$795$660
26 years$2,406$1,812$1,345$987$716$589
27 years$2,292$1,705$1,249$903$646$526
28 years$2,186$1,607$1,161$828$583$470
29 years$2,088$1,516$1,081$759$526$421
30 years$1,997$1,432$1,007$696$476$376
31 years$1,912$1,353$938$640$430$337
32 years$1,832$1,280$876$588$389$302
33 years$1,757$1,213$818$541$352$271
34 years$1,687$1,149$764$497$319$243
35 years$1,620$1,090$714$458$289$217
36 years$1,558$1,035$668$422$262$195
37 years$1,499$983$625$389$237$175
38 years$1,444$934$586$358$215$157
39 years$1,391$888$549$330$195$141
40 years$1,341$845$514$305$177$127
41 years$1,294$804$482$281$160$114
42 years$1,249$766$452$259$146$102
43 years$1,206$730$424$239$132$92
44 years$1,166$696$398$221$120$82
45 years$1,127$663$374$204$109$74
46 years$1,090$633$351$189$99$67
47 years$1,055$604$330$174$90$60
48 years$1,021$577$310$161$81$54
49 years$989$551$292$149$74$48
50 years$958$526$274$138$67$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $981,000, adding $3,238 every year, while hoping to spend $32,769 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: 76/9/15 Blend
34$981,000$981,000$981,000$981,000
35$1,084,402$1,032,409$1,017,203$1,163,080
36$1,160,145$1,048,131$1,016,414$1,231,200
37$1,242,516$1,063,525$1,014,499$1,301,439
38$1,332,155$1,078,541$1,011,388$1,377,548
39$1,429,769$1,093,124$1,007,004$1,460,100
40$1,536,135$1,107,216$1,001,268$1,549,729
41$1,652,106$1,120,755$994,096$1,647,132
42$1,778,624$1,133,675$985,401$1,753,077
43$1,916,724$1,145,905$975,092$1,868,410
44$2,067,545$1,157,370$963,073$1,994,064
45$2,232,343$1,167,990$949,244$2,131,066
46$2,412,498$1,177,677$933,500$2,280,550
47$2,609,531$1,186,342$915,731$2,443,763
48$2,825,117$1,193,887$895,822$2,622,081
49$3,061,100$1,200,207$873,652$2,817,019
50$3,319,509$1,205,194$849,096$3,030,248
51$3,602,580$1,208,730$822,022$3,263,610
52$3,912,775$1,210,690$792,292$3,519,133
53$4,252,807$1,210,942$759,762$3,799,054
54$4,625,660$1,209,346$724,282$4,105,838
55$5,034,626$1,205,752$685,694$4,442,200
56$5,483,326$1,200,002$643,833$4,811,135
57$5,975,752$1,191,929$598,528$5,215,944
58$6,516,298$1,181,353$549,598$5,660,261
59$7,109,808$1,168,086$496,856$6,148,097
60$7,761,614$1,151,928$440,107$6,683,870
61$8,477,592$1,132,666$379,144$7,272,448
62$9,264,215$1,110,076$313,754$7,919,198
63$10,128,614$1,083,918$243,714$8,630,036
64$11,078,644$1,053,942$168,790$9,411,481
65$12,122,960$1,019,879$88,739$10,270,718
66$13,271,097$981,448$3,306$11,215,668
67$14,533,559$938,349$0$12,255,058
68$15,921,919$890,266$0$13,412,573
69$17,448,929$836,863$0$14,686,231
70$19,128,638$777,787$0$16,087,235
71$20,976,525$712,664$0$17,628,515
72$23,009,644$641,099$0$19,324,315
73$25,246,787$562,672$0$21,190,334
74$27,708,659$476,942$0$23,243,872
75$30,418,072$383,443$0$25,503,989
76$33,400,165$281,680$0$27,991,693
77$36,682,633$171,134$0$30,730,131
78$40,295,996$51,254$0$33,744,811
79$44,273,882$0$0$37,063,841
80$48,653,345$0$0$40,725,975
81$53,475,214$0$0$44,763,688
82$58,784,479$0$0$49,209,583
83$64,630,715$0$0$54,105,180
84$71,068,549$0$0$59,496,228
85$78,158,176$0$0$65,433,142
86$85,965,924$0$0$71,971,472
87$94,564,885$0$0$79,172,432
88$104,035,599$0$0$87,103,476
89$114,466,815$0$0$95,838,933
90$125,956,333$0$0$105,460,711
91$138,611,920$0$0$116,059,065
92$152,552,329$0$0$127,733,455
93$167,908,424$0$0$140,593,478
94$184,824,406$0$0$154,759,906
95$203,459,182$0$0$170,365,825
96$223,987,860$0$0$187,557,891
97$246,603,402$0$0$206,497,713
98$271,518,446$0$0$227,363,377
99$298,967,311$0$0$250,351,130
100$329,208,211$0$0$275,677,229