Can I retire at age 35 with 983,000?

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 $983,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$81,175$80,452$79,747$79,058$78,386$76,709
2 years$40,186$39,437$38,712$38,009$37,327$35,645
3 years$26,524$25,773$25,049$24,353$23,682$22,049
4 years$19,695$18,946$18,229$17,545$16,890$15,318
5 years$15,599$14,854$14,147$13,476$12,839$11,332
6 years$12,868$12,129$11,433$10,777$10,159$8,719
7 years$10,919$10,186$9,501$8,860$8,262$6,889
8 years$9,458$8,731$8,057$7,433$6,854$5,547
9 years$8,322$7,602$6,940$6,331$5,772$4,531
10 years$7,413$6,701$6,050$5,457$4,918$3,741
11 years$6,671$5,965$5,327$4,750$4,230$3,116
12 years$6,052$5,354$4,727$4,166$3,666$2,613
13 years$5,530$4,839$4,223$3,678$3,196$2,203
14 years$5,082$4,398$3,795$3,265$2,802$1,866
15 years$4,694$4,018$3,426$2,912$2,467$1,586
16 years$4,355$3,686$3,106$2,607$2,180$1,352
17 years$4,056$3,395$2,827$2,342$1,933$1,156
18 years$3,791$3,137$2,580$2,111$1,719$991
19 years$3,554$2,907$2,362$1,907$1,532$850
20 years$3,341$2,702$2,168$1,728$1,369$731
21 years$3,148$2,517$1,994$1,568$1,225$630
22 years$2,974$2,349$1,838$1,426$1,098$543
23 years$2,814$2,197$1,697$1,298$985$468
24 years$2,668$2,059$1,569$1,184$886$404
25 years$2,534$1,932$1,454$1,081$797$349
26 years$2,411$1,816$1,348$989$718$302
27 years$2,297$1,709$1,252$905$647$261
28 years$2,191$1,610$1,164$829$584$226
29 years$2,093$1,519$1,083$760$527$196
30 years$2,001$1,434$1,009$698$477$170
31 years$1,915$1,356$940$641$431$147
32 years$1,835$1,283$877$589$390$127
33 years$1,760$1,215$819$542$353$110
34 years$1,690$1,152$765$498$319$96
35 years$1,624$1,092$716$459$289$83
36 years$1,561$1,037$669$423$262$72
37 years$1,502$985$627$389$238$62
38 years$1,447$936$587$359$215$54
39 years$1,394$890$550$331$195$47
40 years$1,344$847$515$305$177$41
41 years$1,297$806$483$282$161$35
42 years$1,252$768$453$260$146$31
43 years$1,209$731$425$240$132$27
44 years$1,168$697$399$221$120$23
45 years$1,129$665$375$205$109$20
46 years$1,092$634$352$189$99$17
47 years$1,057$605$331$175$90$15
48 years$1,023$578$311$161$82$13
49 years$991$552$292$149$74$11
50 years$960$527$275$138$67$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $983,000, adding $2,556 every year, while hoping to spend $34,180 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: 43/35/22 Blend
34$983,000$983,000$983,000$983,000
35$1,085,903$1,033,804$1,018,567$1,125,538
36$1,160,297$1,048,093$1,016,322$1,168,194
37$1,241,135$1,061,936$1,012,856$1,210,872
38$1,329,036$1,075,277$1,008,092$1,256,421
39$1,424,684$1,088,052$1,001,950$1,305,122
40$1,528,832$1,100,196$994,344$1,357,288
41$1,642,305$1,111,638$985,187$1,413,266
42$1,766,015$1,122,303$974,386$1,473,439
43$1,900,963$1,132,111$961,843$1,538,229
44$2,048,253$1,140,976$947,456$1,608,105
45$2,209,098$1,148,807$931,119$1,683,584
46$2,384,835$1,155,508$912,721$1,765,239
47$2,576,935$1,160,974$892,144$1,853,703
48$2,787,018$1,165,098$869,266$1,949,675
49$3,016,868$1,167,761$843,960$2,053,929
50$3,268,447$1,168,840$816,092$2,167,320
51$3,543,920$1,168,204$785,521$2,290,792
52$3,845,666$1,165,712$752,103$2,425,389
53$4,176,309$1,161,217$715,683$2,572,265
54$4,538,736$1,154,561$676,103$2,732,694
55$4,936,129$1,145,576$633,194$2,908,085
56$5,371,991$1,134,086$586,783$3,099,992
57$5,850,181$1,119,903$536,687$3,310,135
58$6,374,949$1,102,828$482,715$3,540,412
59$6,950,977$1,082,650$424,669$3,792,917
60$7,583,422$1,059,145$362,341$4,069,966
61$8,277,964$1,032,077$295,513$4,374,114
62$9,040,863$1,001,195$223,959$4,708,184
63$9,879,012$966,234$147,443$5,075,291
64$10,800,005$926,913$65,716$5,478,875
65$11,812,209$882,936$0$5,922,733
66$12,924,843$833,988$0$6,416,104
67$14,148,060$779,737$0$6,975,357
68$15,493,049$719,831$0$7,590,223
69$16,972,137$653,899$0$8,266,406
70$18,598,903$581,549$0$9,010,195
71$20,388,312$502,365$0$9,828,529
72$22,356,848$415,910$0$10,729,058
73$24,522,676$321,719$0$11,720,219
74$26,905,810$219,304$0$12,811,315
75$29,528,301$108,148$0$14,012,606
76$32,414,446$0$0$15,335,404
77$35,591,016$0$0$16,796,917
78$39,087,512$0$0$18,451,617
79$42,936,435$0$0$20,273,251
80$47,173,602$0$0$22,278,787
81$51,838,476$0$0$24,486,925
82$56,974,541$0$0$26,918,267
83$62,629,714$0$0$29,595,518
84$68,856,794$0$0$32,543,692
85$75,713,959$0$0$35,790,358
86$83,265,320$0$0$39,365,890
87$91,581,517$0$0$43,303,762
88$100,740,396$0$0$47,640,857
89$110,827,734$0$0$52,417,819
90$121,938,052$0$0$57,679,436
91$134,175,508$0$0$63,475,060
92$147,654,878$0$0$69,859,076
93$162,502,638$0$0$76,891,412
94$178,858,158$0$0$84,638,108
95$196,875,020$0$0$93,171,936
96$216,722,461$0$0$102,573,088
97$238,586,976$0$0$112,929,932
98$262,674,075$0$0$124,339,848
99$289,210,222$0$0$136,910,143
100$318,444,972$0$0$150,759,069