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%16.2%
1 years$81,093$80,370$79,666$78,978$78,306$76,320
2 years$40,145$39,397$38,673$37,970$37,289$35,301
3 years$26,497$25,747$25,024$24,328$23,657$21,730
4 years$19,675$18,926$18,211$17,527$16,873$15,020
5 years$15,583$14,839$14,132$13,462$12,826$11,054
6 years$12,855$12,117$11,421$10,766$10,149$8,458
7 years$10,908$10,176$9,491$8,851$8,254$6,645
8 years$9,448$8,722$8,049$7,425$6,847$5,320
9 years$8,313$7,594$6,933$6,325$5,767$4,319
10 years$7,406$6,694$6,044$5,452$4,913$3,545
11 years$6,664$5,959$5,321$4,745$4,226$2,933
12 years$6,046$5,349$4,722$4,162$3,662$2,443
13 years$5,524$4,834$4,219$3,674$3,193$2,046
14 years$5,077$4,394$3,791$3,262$2,799$1,721
15 years$4,689$4,014$3,423$2,909$2,465$1,453
16 years$4,351$3,683$3,103$2,604$2,178$1,230
17 years$4,052$3,392$2,824$2,340$1,931$1,044
18 years$3,787$3,134$2,578$2,109$1,717$888
19 years$3,550$2,904$2,360$1,906$1,531$757
20 years$3,338$2,699$2,166$1,726$1,367$646
21 years$3,145$2,514$1,992$1,566$1,223$552
22 years$2,971$2,347$1,836$1,424$1,097$472
23 years$2,811$2,195$1,695$1,297$984$404
24 years$2,666$2,056$1,568$1,183$885$346
25 years$2,532$1,930$1,452$1,080$796$297
26 years$2,408$1,814$1,347$988$717$254
27 years$2,294$1,707$1,251$904$647$218
28 years$2,189$1,608$1,163$828$583$187
29 years$2,090$1,517$1,082$760$527$161
30 years$1,999$1,433$1,008$697$476$138
31 years$1,913$1,355$939$640$430$119
32 years$1,834$1,282$877$588$389$102
33 years$1,759$1,214$818$541$352$88
34 years$1,688$1,150$765$498$319$75
35 years$1,622$1,091$715$458$289$65
36 years$1,560$1,036$669$422$262$56
37 years$1,501$984$626$389$237$48
38 years$1,445$935$586$358$215$41
39 years$1,392$889$549$331$195$36
40 years$1,343$846$515$305$177$31
41 years$1,295$805$483$281$161$26
42 years$1,250$767$453$260$146$23
43 years$1,207$731$425$240$132$19
44 years$1,167$696$399$221$120$17
45 years$1,128$664$374$204$109$14
46 years$1,091$633$352$189$99$12
47 years$1,056$605$330$174$90$11
48 years$1,022$577$311$161$82$9
49 years$990$551$292$149$74$8
50 years$959$526$274$138$67$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $982,000, adding $2,101 every year, while hoping to spend $28,159 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: 62/26/12 Blend
34$982,000$982,000$982,000$982,000
35$1,084,331$1,032,285$1,017,064$1,148,367
36$1,164,972$1,052,906$1,021,175$1,212,168
37$1,252,894$1,073,594$1,024,480$1,278,368
38$1,348,811$1,094,322$1,026,921$1,349,936
39$1,453,508$1,115,061$1,028,441$1,427,394
40$1,567,847$1,135,781$1,028,975$1,511,316
41$1,692,781$1,156,448$1,028,459$1,602,334
42$1,829,356$1,177,025$1,026,824$1,701,145
43$1,978,725$1,197,474$1,023,997$1,808,517
44$2,142,157$1,217,752$1,019,903$1,925,297
45$2,321,049$1,237,814$1,014,462$2,052,417
46$2,516,941$1,257,612$1,007,591$2,190,906
47$2,731,527$1,277,092$999,204$2,341,895
48$2,966,673$1,296,200$989,207$2,506,634
49$3,224,435$1,314,875$977,507$2,686,499
50$3,507,076$1,333,052$964,002$2,883,007
51$3,817,089$1,350,664$948,587$3,097,828
52$4,157,221$1,367,635$931,154$3,332,807
53$4,530,496$1,383,888$911,586$3,589,974
54$4,940,246$1,399,338$889,764$3,871,567
55$5,390,142$1,413,896$865,562$4,180,054
56$5,884,226$1,427,466$838,847$4,518,156
57$6,426,951$1,439,946$809,483$4,888,870
58$7,023,224$1,451,227$777,324$5,295,501
59$7,678,449$1,461,194$742,222$5,741,692
60$8,398,582$1,469,724$704,017$6,231,457
61$9,190,181$1,476,684$662,546$6,769,224
62$10,060,475$1,481,937$617,636$7,359,870
63$11,017,424$1,485,333$569,108$8,008,773
64$12,069,802$1,486,715$516,773$8,721,860
65$13,227,274$1,485,915$460,437$9,505,666
66$14,500,487$1,482,757$399,893$10,367,392
67$15,901,176$1,477,050$334,928$11,314,977
68$17,442,266$1,468,596$265,318$12,357,170
69$19,138,001$1,457,182$190,831$13,503,616
70$21,004,075$1,442,581$111,221$14,764,948
71$23,057,779$1,424,556$26,236$16,152,881
72$25,318,167$1,402,854$0$17,680,334
73$27,806,232$1,377,206$0$19,369,794
74$30,545,106$1,347,327$0$21,232,823
75$33,560,279$1,312,918$0$23,283,390
76$36,879,836$1,273,660$0$25,540,597
77$40,534,724$1,229,214$0$28,025,497
78$44,559,045$1,179,225$0$30,761,292
79$48,990,375$1,123,314$0$33,773,552
80$53,870,119$1,061,082$0$37,090,458
81$59,243,903$992,107$0$40,743,067
82$65,162,003$915,942$0$44,765,608
83$71,679,818$832,114$0$49,195,804
84$78,858,396$740,124$0$54,075,228
85$86,765,007$639,444$0$59,449,697
86$95,473,778$529,518$0$65,369,707
87$105,066,394$409,755$0$71,890,906
88$115,632,868$279,534$0$79,074,624
89$127,272,387$138,198$0$86,988,453
90$140,094,253$0$0$95,706,882
91$154,218,913$0$0$105,316,279
92$169,779,092$0$0$115,945,970
93$186,921,049$0$0$127,656,343
94$205,805,958$0$0$140,557,517
95$226,611,424$0$0$154,770,837
96$249,533,166$0$0$170,430,025
97$274,786,857$0$0$187,682,435
98$302,610,167$0$0$206,690,450
99$333,264,998$0$0$227,633,012
100$367,039,962$0$0$250,707,309