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%14.2%
1 years$81,175$80,452$79,747$79,058$78,386$77,024
2 years$40,186$39,437$38,712$38,009$37,327$35,959
3 years$26,524$25,773$25,049$24,353$23,682$22,351
4 years$19,695$18,946$18,229$17,545$16,890$15,606
5 years$15,599$14,854$14,147$13,476$12,839$11,606
6 years$12,868$12,129$11,433$10,777$10,159$8,978
7 years$10,919$10,186$9,501$8,860$8,262$7,134
8 years$9,458$8,731$8,057$7,433$6,854$5,778
9 years$8,322$7,602$6,940$6,331$5,772$4,748
10 years$7,413$6,701$6,050$5,457$4,918$3,945
11 years$6,671$5,965$5,327$4,750$4,230$3,306
12 years$6,052$5,354$4,727$4,166$3,666$2,790
13 years$5,530$4,839$4,223$3,678$3,196$2,368
14 years$5,082$4,398$3,795$3,265$2,802$2,019
15 years$4,694$4,018$3,426$2,912$2,467$1,728
16 years$4,355$3,686$3,106$2,607$2,180$1,484
17 years$4,056$3,395$2,827$2,342$1,933$1,278
18 years$3,791$3,137$2,580$2,111$1,719$1,103
19 years$3,554$2,907$2,362$1,907$1,532$954
20 years$3,341$2,702$2,168$1,728$1,369$826
21 years$3,148$2,517$1,994$1,568$1,225$717
22 years$2,974$2,349$1,838$1,426$1,098$623
23 years$2,814$2,197$1,697$1,298$985$541
24 years$2,668$2,059$1,569$1,184$886$471
25 years$2,534$1,932$1,454$1,081$797$410
26 years$2,411$1,816$1,348$989$718$358
27 years$2,297$1,709$1,252$905$647$312
28 years$2,191$1,610$1,164$829$584$272
29 years$2,093$1,519$1,083$760$527$238
30 years$2,001$1,434$1,009$698$477$208
31 years$1,915$1,356$940$641$431$181
32 years$1,835$1,283$877$589$390$158
33 years$1,760$1,215$819$542$353$138
34 years$1,690$1,152$765$498$319$121
35 years$1,624$1,092$716$459$289$106
36 years$1,561$1,037$669$423$262$93
37 years$1,502$985$627$389$238$81
38 years$1,447$936$587$359$215$71
39 years$1,394$890$550$331$195$62
40 years$1,344$847$515$305$177$54
41 years$1,297$806$483$282$161$47
42 years$1,252$768$453$260$146$42
43 years$1,209$731$425$240$132$36
44 years$1,168$697$399$221$120$32
45 years$1,129$665$375$205$109$28
46 years$1,092$634$352$189$99$24
47 years$1,057$605$331$175$90$21
48 years$1,023$578$311$161$82$19
49 years$991$552$292$149$74$16
50 years$960$527$275$138$67$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $983,000, adding $6,611 every year, while hoping to spend $38,930 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: 36/46/18 Blend
34$983,000$983,000$983,000$983,000
35$1,090,085$1,037,986$1,022,750$1,123,145
36$1,159,853$1,047,426$1,015,591$1,157,197
37$1,235,432$1,056,024$1,006,887$1,189,795
38$1,317,374$1,063,698$996,546$1,224,170
39$1,406,286$1,070,359$984,470$1,260,502
40$1,502,835$1,075,914$970,558$1,298,991
41$1,607,755$1,080,265$954,702$1,339,861
42$1,721,853$1,083,305$936,792$1,383,360
43$1,846,018$1,084,922$916,710$1,429,766
44$1,981,226$1,084,998$894,334$1,479,386
45$2,128,553$1,083,405$869,536$1,532,561
46$2,289,183$1,080,009$842,183$1,589,671
47$2,464,418$1,074,668$812,134$1,651,139
48$2,655,691$1,067,229$779,244$1,717,433
49$2,864,581$1,057,533$743,358$1,789,073
50$3,092,826$1,045,410$704,318$1,866,637
51$3,342,337$1,030,678$661,956$1,950,765
52$3,615,221$1,013,146$616,096$2,042,168
53$3,913,795$992,613$566,558$2,141,635
54$4,240,614$968,862$513,149$2,250,038
55$4,598,488$941,668$455,671$2,368,348
56$4,990,513$910,789$393,915$2,497,637
57$5,420,098$875,970$327,664$2,639,095
58$5,890,999$836,944$256,692$2,794,039
59$6,407,350$793,423$180,760$2,963,928
60$6,973,706$745,107$99,622$3,150,378
61$7,595,084$691,677$13,019$3,355,178
62$8,277,010$632,796$0$3,580,306
63$9,025,569$568,108$0$3,843,204
64$9,847,467$497,235$0$4,134,704
65$10,750,089$419,780$0$4,455,042
66$11,741,571$335,322$0$4,807,242
67$12,830,877$243,418$0$5,194,644
68$14,027,878$143,598$0$5,620,939
69$15,343,454$35,367$0$6,090,204
70$16,789,588$0$0$6,606,938
71$18,379,482$0$0$7,217,520
72$20,127,682$0$0$7,908,735
73$22,050,213$0$0$8,669,037
74$24,164,733$0$0$9,505,430
75$26,490,693$0$0$10,425,627
76$29,049,527$0$0$11,438,129
77$31,864,851$0$0$12,552,303
78$34,962,685$0$0$13,778,468
79$38,371,698$0$0$15,127,996
80$42,123,479$0$0$16,613,416
81$46,252,835$0$0$18,248,532
82$50,798,117$0$0$20,048,559
83$55,801,583$0$0$22,030,256
84$61,309,798$0$0$24,212,093
85$67,374,069$0$0$26,614,423
86$74,050,932$0$0$29,259,670
87$81,402,684$0$0$32,172,546
88$89,497,968$0$0$35,380,279
89$98,412,427$0$0$38,912,874
90$108,229,408$0$0$42,803,394
91$119,040,757$0$0$47,088,271
92$130,947,681$0$0$51,807,652
93$144,061,701$0$0$57,005,776
94$158,505,707$0$0$62,731,391
95$174,415,118$0$0$69,038,216
96$191,939,157$0$0$75,985,447
97$211,242,259$0$0$83,638,313
98$232,505,624$0$0$92,068,695
99$255,928,928$0$0$101,355,803
100$281,732,202$0$0$111,586,924