Can I retire at age 35 with 982,000?

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 $982,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$81,093$80,370$79,666$78,978$78,306$77,585
2 years$40,145$39,397$38,673$37,970$37,289$36,562
3 years$26,497$25,747$25,024$24,328$23,657$22,948
4 years$19,675$18,926$18,211$17,527$16,873$16,186
5 years$15,583$14,839$14,132$13,462$12,826$12,164
6 years$12,855$12,117$11,421$10,766$10,149$9,512
7 years$10,908$10,176$9,491$8,851$8,254$7,643
8 years$9,448$8,722$8,049$7,425$6,847$6,262
9 years$8,313$7,594$6,933$6,325$5,767$5,207
10 years$7,406$6,694$6,044$5,452$4,913$4,379
11 years$6,664$5,959$5,321$4,745$4,226$3,716
12 years$6,046$5,349$4,722$4,162$3,662$3,176
13 years$5,524$4,834$4,219$3,674$3,193$2,731
14 years$5,077$4,394$3,791$3,262$2,799$2,360
15 years$4,689$4,014$3,423$2,909$2,465$2,048
16 years$4,351$3,683$3,103$2,604$2,178$1,783
17 years$4,052$3,392$2,824$2,340$1,931$1,557
18 years$3,787$3,134$2,578$2,109$1,717$1,364
19 years$3,550$2,904$2,360$1,906$1,531$1,197
20 years$3,338$2,699$2,166$1,726$1,367$1,052
21 years$3,145$2,514$1,992$1,566$1,223$926
22 years$2,971$2,347$1,836$1,424$1,097$817
23 years$2,811$2,195$1,695$1,297$984$721
24 years$2,666$2,056$1,568$1,183$885$638
25 years$2,532$1,930$1,452$1,080$796$564
26 years$2,408$1,814$1,347$988$717$500
27 years$2,294$1,707$1,251$904$647$443
28 years$2,189$1,608$1,163$828$583$393
29 years$2,090$1,517$1,082$760$527$348
30 years$1,999$1,433$1,008$697$476$309
31 years$1,913$1,355$939$640$430$275
32 years$1,834$1,282$877$588$389$244
33 years$1,759$1,214$818$541$352$217
34 years$1,688$1,150$765$498$319$193
35 years$1,622$1,091$715$458$289$171
36 years$1,560$1,036$669$422$262$153
37 years$1,501$984$626$389$237$136
38 years$1,445$935$586$358$215$121
39 years$1,392$889$549$331$195$107
40 years$1,343$846$515$305$177$96
41 years$1,295$805$483$281$161$85
42 years$1,250$767$453$260$146$76
43 years$1,207$731$425$240$132$68
44 years$1,167$696$399$221$120$60
45 years$1,128$664$374$204$109$54
46 years$1,091$633$352$189$99$48
47 years$1,056$605$330$174$90$43
48 years$1,022$577$311$161$82$38
49 years$990$551$292$149$74$34
50 years$959$526$274$138$67$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $982,000, adding $6,833 every year, while hoping to spend $53,603 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: 59/29/12 Blend
34$982,000$982,000$982,000$982,000
35$1,089,212$1,037,166$1,021,945$1,149,889
36$1,143,279$1,030,954$999,147$1,185,350
37$1,201,063$1,022,641$973,789$1,217,387
38$1,262,889$1,012,068$945,728$1,251,034
39$1,329,109$999,065$914,816$1,286,449
40$1,400,112$983,453$880,896$1,323,813
41$1,476,324$965,042$843,806$1,363,323
42$1,558,211$943,631$803,376$1,405,201
43$1,646,287$919,007$759,427$1,449,694
44$1,741,114$890,945$711,774$1,497,077
45$1,843,311$859,205$660,222$1,547,655
46$1,953,558$823,534$604,568$1,601,768
47$2,072,600$783,666$544,600$1,659,793
48$2,201,257$739,318$480,095$1,722,151
49$2,340,430$690,190$410,824$1,789,306
50$2,491,110$635,966$336,543$1,861,779
51$2,654,387$576,311$257,001$1,940,143
52$2,831,457$510,873$171,933$2,025,038
53$3,023,637$439,277$81,064$2,117,171
54$3,232,376$361,130$0$2,217,330
55$3,459,267$276,013$0$2,328,423
56$3,706,061$183,488$0$2,460,589
57$3,974,689$83,088$0$2,604,550
58$4,267,270$0$0$2,761,536
59$4,586,141$0$0$2,941,101
60$4,933,869$0$0$3,165,905
61$5,313,285$0$0$3,411,270
62$5,727,500$0$0$3,679,220
63$6,179,941$0$0$3,971,980
64$6,674,380$0$0$4,292,003
65$7,214,971$0$0$4,641,986
66$7,806,286$0$0$5,024,903
67$8,453,360$0$0$5,444,024
68$9,161,736$0$0$5,902,952
69$9,937,521$0$0$6,405,656
70$10,787,435$0$0$6,956,505
71$11,718,884$0$0$7,560,310
72$12,740,022$0$0$8,222,373
73$13,859,829$0$0$8,948,529
74$15,088,196$0$0$9,745,209
75$16,436,018$0$0$10,619,494
76$17,915,297$0$0$11,579,185
77$19,539,250$0$0$12,632,874
78$21,322,439$0$0$13,790,026
79$23,280,904$0$0$15,061,069
80$25,432,315$0$0$16,457,489
81$27,796,138$0$0$17,991,939
82$30,393,818$0$0$19,678,361
83$33,248,979$0$0$21,532,112
84$36,387,648$0$0$23,570,112
85$39,838,501$0$0$25,811,003
86$43,633,129$0$0$28,275,321
87$47,806,339$0$0$30,985,696
88$52,396,479$0$0$33,967,057
89$57,445,801$0$0$37,246,872
90$63,000,857$0$0$40,855,407
91$69,112,941$0$0$44,826,007
92$75,838,566$0$0$49,195,414
93$83,240,001$0$0$54,004,110
94$91,385,859$0$0$59,296,702
95$100,351,739$0$0$65,122,341
96$110,220,942$0$0$71,535,182
97$121,085,252$0$0$78,594,899
98$133,045,808$0$0$86,367,245
99$146,214,052$0$0$94,924,675
100$160,712,780$0$0$104,347,023