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%16.8%
1 years$81,175$80,452$79,747$79,058$78,386$76,213
2 years$40,186$39,437$38,712$38,009$37,327$35,153
3 years$26,524$25,773$25,049$24,353$23,682$21,576
4 years$19,695$18,946$18,229$17,545$16,890$14,869
5 years$15,599$14,854$14,147$13,476$12,839$10,908
6 years$12,868$12,129$11,433$10,777$10,159$8,320
7 years$10,919$10,186$9,501$8,860$8,262$6,514
8 years$9,458$8,731$8,057$7,433$6,854$5,197
9 years$8,322$7,602$6,940$6,331$5,772$4,204
10 years$7,413$6,701$6,050$5,457$4,918$3,437
11 years$6,671$5,965$5,327$4,750$4,230$2,833
12 years$6,052$5,354$4,727$4,166$3,666$2,351
13 years$5,530$4,839$4,223$3,678$3,196$1,961
14 years$5,082$4,398$3,795$3,265$2,802$1,643
15 years$4,694$4,018$3,426$2,912$2,467$1,381
16 years$4,355$3,686$3,106$2,607$2,180$1,164
17 years$4,056$3,395$2,827$2,342$1,933$984
18 years$3,791$3,137$2,580$2,111$1,719$833
19 years$3,554$2,907$2,362$1,907$1,532$707
20 years$3,341$2,702$2,168$1,728$1,369$600
21 years$3,148$2,517$1,994$1,568$1,225$511
22 years$2,974$2,349$1,838$1,426$1,098$435
23 years$2,814$2,197$1,697$1,298$985$370
24 years$2,668$2,059$1,569$1,184$886$316
25 years$2,534$1,932$1,454$1,081$797$269
26 years$2,411$1,816$1,348$989$718$230
27 years$2,297$1,709$1,252$905$647$196
28 years$2,191$1,610$1,164$829$584$168
29 years$2,093$1,519$1,083$760$527$143
30 years$2,001$1,434$1,009$698$477$123
31 years$1,915$1,356$940$641$431$105
32 years$1,835$1,283$877$589$390$90
33 years$1,760$1,215$819$542$353$77
34 years$1,690$1,152$765$498$319$66
35 years$1,624$1,092$716$459$289$56
36 years$1,561$1,037$669$423$262$48
37 years$1,502$985$627$389$238$41
38 years$1,447$936$587$359$215$35
39 years$1,394$890$550$331$195$30
40 years$1,344$847$515$305$177$26
41 years$1,297$806$483$282$161$22
42 years$1,252$768$453$260$146$19
43 years$1,209$731$425$240$132$16
44 years$1,168$697$399$221$120$14
45 years$1,129$665$375$205$109$12
46 years$1,092$634$352$189$99$10
47 years$1,057$605$331$175$90$9
48 years$1,023$578$311$161$82$7
49 years$991$552$292$149$74$6
50 years$960$527$275$138$67$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $983,000, adding $5,610 every year, while hoping to spend $58,085 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: 65/18/17 Blend
34$983,000$983,000$983,000$983,000
35$1,089,053$1,036,954$1,021,717$1,154,929
36$1,138,334$1,025,962$994,143$1,188,771
37$1,190,695$1,012,486$963,698$1,218,541
38$1,246,390$996,341$930,225$1,249,668
39$1,305,693$977,333$893,559$1,282,283
40$1,368,909$955,258$853,529$1,316,536
41$1,436,369$929,897$809,953$1,352,591
42$1,508,437$901,020$762,645$1,390,633
43$1,585,510$868,383$711,406$1,430,865
44$1,668,027$831,728$656,033$1,473,517
45$1,756,465$790,782$596,309$1,518,842
46$1,851,350$745,256$532,011$1,567,124
47$1,953,259$694,845$462,905$1,618,675
48$2,062,824$639,225$388,745$1,673,846
49$2,180,741$578,056$309,276$1,733,026
50$2,307,771$510,975$224,232$1,796,645
51$2,444,753$437,603$133,333$1,865,184
52$2,592,608$357,535$36,290$1,939,174
53$2,752,346$270,346$0$2,019,207
54$2,925,079$175,587$0$2,118,141
55$3,112,029$72,782$0$2,232,318
56$3,314,538$0$0$2,356,017
57$3,534,083$0$0$2,497,835
58$3,772,288$0$0$2,667,401
59$4,030,938$0$0$2,851,580
60$4,311,998$0$0$3,051,776
61$4,617,627$0$0$3,269,536
62$4,950,204$0$0$3,506,561
63$5,312,344$0$0$3,764,725
64$5,706,924$0$0$4,046,086
65$6,137,112$0$0$4,352,914
66$6,606,393$0$0$4,687,703
67$7,118,605$0$0$5,053,200
68$7,677,972$0$0$5,452,429
69$8,289,141$0$0$5,888,720
70$8,957,232$0$0$6,365,737
71$9,687,881$0$0$6,887,515
72$10,487,291$0$0$7,458,497
73$11,362,296$0$0$8,083,576
74$12,320,418$0$0$8,768,139
75$13,369,942$0$0$9,518,119
76$14,519,992$0$0$10,340,048
77$15,780,616$0$0$11,241,124
78$17,162,881$0$0$12,229,270
79$18,678,975$0$0$13,313,217
80$20,342,324$0$0$14,502,578
81$22,167,714$0$0$15,807,942
82$24,171,433$0$0$17,240,977
83$26,371,424$0$0$18,814,530
84$28,787,451$0$0$20,542,758
85$31,441,287$0$0$22,441,253
86$34,356,915$0$0$24,527,193
87$37,560,759$0$0$26,819,502
88$41,081,927$0$0$29,339,029
89$44,952,489$0$0$32,108,742
90$49,207,774$0$0$35,153,945
91$53,886,708$0$0$38,502,517
92$59,032,174$0$0$42,185,174
93$64,691,422$0$0$46,235,757
94$70,916,510$0$0$50,691,552
95$77,764,793$0$0$55,593,640
96$85,299,468$0$0$60,987,285
97$93,590,163$0$0$66,922,359
98$102,713,598$0$0$73,453,813
99$112,754,307$0$0$80,642,195
100$123,805,432$0$0$88,554,219