Can I retire at age 35 with 985,000?

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 $985,000?

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$81,340$80,616$79,909$79,219$78,545$76,553
2 years$40,268$39,518$38,791$38,086$37,403$35,409
3 years$26,578$25,825$25,100$24,402$23,730$21,796
4 years$19,735$18,984$18,267$17,580$16,924$15,066
5 years$15,630$14,884$14,176$13,503$12,866$11,088
6 years$12,895$12,154$11,456$10,799$10,180$8,484
7 years$10,941$10,207$9,520$8,878$8,279$6,666
8 years$9,477$8,749$8,074$7,448$6,868$5,337
9 years$8,339$7,618$6,954$6,344$5,784$4,333
10 years$7,429$6,715$6,063$5,468$4,928$3,555
11 years$6,684$5,978$5,337$4,759$4,239$2,942
12 years$6,065$5,365$4,737$4,174$3,673$2,451
13 years$5,541$4,849$4,232$3,685$3,203$2,053
14 years$5,092$4,407$3,802$3,271$2,808$1,727
15 years$4,704$4,026$3,433$2,918$2,472$1,458
16 years$4,364$3,694$3,113$2,612$2,185$1,234
17 years$4,065$3,402$2,832$2,347$1,937$1,048
18 years$3,799$3,143$2,586$2,115$1,723$891
19 years$3,561$2,913$2,367$1,911$1,535$759
20 years$3,348$2,707$2,172$1,731$1,371$648
21 years$3,155$2,522$1,998$1,571$1,227$553
22 years$2,980$2,354$1,842$1,428$1,100$473
23 years$2,820$2,202$1,700$1,301$987$405
24 years$2,674$2,063$1,573$1,187$888$347
25 years$2,539$1,936$1,456$1,084$799$298
26 years$2,416$1,819$1,351$991$719$255
27 years$2,301$1,712$1,254$907$649$219
28 years$2,195$1,613$1,166$831$585$188
29 years$2,097$1,522$1,085$762$528$161
30 years$2,005$1,437$1,011$699$477$139
31 years$1,919$1,359$942$642$432$119
32 years$1,839$1,286$879$590$391$102
33 years$1,764$1,218$821$543$353$88
34 years$1,693$1,154$767$499$320$76
35 years$1,627$1,095$717$460$290$65
36 years$1,564$1,039$671$423$263$56
37 years$1,505$987$628$390$238$48
38 years$1,450$938$588$360$216$41
39 years$1,397$892$551$332$196$36
40 years$1,347$848$516$306$177$31
41 years$1,299$808$484$282$161$26
42 years$1,254$769$454$260$146$23
43 years$1,211$733$426$240$133$20
44 years$1,170$698$400$222$120$17
45 years$1,131$666$376$205$109$14
46 years$1,094$635$353$189$99$12
47 years$1,059$606$331$175$90$11
48 years$1,025$579$311$162$82$9
49 years$993$553$293$149$74$8
50 years$962$528$275$138$67$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $985,000, adding $6,480 every year, while hoping to spend $41,178 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: 72/9/19 Blend
34$985,000$985,000$985,000$985,000
35$1,092,154$1,039,949$1,024,682$1,165,389
36$1,159,741$1,047,094$1,015,195$1,222,079
37$1,232,841$1,053,208$1,004,011$1,278,577
38$1,311,974$1,058,198$991,029$1,339,407
39$1,397,710$1,061,965$976,143$1,404,989
40$1,490,677$1,064,401$959,244$1,475,792
41$1,591,564$1,065,395$940,216$1,552,328
42$1,701,129$1,064,825$918,940$1,635,166
43$1,820,208$1,062,565$895,288$1,724,930
44$1,949,718$1,058,480$869,129$1,822,311
45$2,090,670$1,052,426$840,325$1,928,069
46$2,244,174$1,044,250$808,732$2,043,043
47$2,411,454$1,033,792$774,198$2,168,159
48$2,593,854$1,020,881$736,566$2,304,438
49$2,792,858$1,005,334$695,672$2,453,006
50$3,010,094$986,960$651,341$2,615,105
51$3,247,358$965,556$603,396$2,792,103
52$3,506,625$940,905$551,646$2,985,512
53$3,790,071$912,779$495,896$3,196,997
54$4,100,089$880,936$435,940$3,428,396
55$4,439,318$845,122$371,564$3,681,734
56$4,810,660$805,065$302,543$3,959,246
57$5,217,313$760,478$228,643$4,263,396
58$5,662,798$711,060$149,621$4,596,902
59$6,150,991$656,490$65,222$4,962,759
60$6,686,163$596,430$0$5,364,271
61$7,273,018$530,521$0$5,810,121
62$7,916,736$458,386$0$6,313,726
63$8,623,021$379,625$0$6,866,338
64$9,398,159$293,817$0$7,472,905
65$10,249,073$200,515$0$8,138,877
66$11,183,387$99,249$0$8,870,258
67$12,209,501$0$0$9,673,666
68$13,336,670$0$0$10,557,432
69$14,575,087$0$0$11,539,272
70$15,935,981$0$0$12,618,267
71$17,431,725$0$0$13,804,232
72$19,075,949$0$0$15,107,981
73$20,883,668$0$0$16,541,427
74$22,871,427$0$0$18,117,696
75$25,057,453$0$0$19,851,250
76$27,461,827$0$0$21,758,021
77$30,106,675$0$0$23,855,564
78$33,016,376$0$0$26,163,220
79$36,217,789$0$0$28,702,300
80$39,740,509$0$0$31,496,285
81$43,617,144$0$0$34,571,047
82$47,883,624$0$0$37,955,092
83$52,579,538$0$0$41,679,830
84$57,748,505$0$0$45,779,871
85$63,438,592$0$0$50,293,350
86$69,702,759$0$0$55,262,288
87$76,599,364$0$0$60,732,987
88$84,192,712$0$0$66,756,466
89$92,553,657$0$0$73,388,944
90$101,760,277$0$0$80,692,370
91$111,898,607$0$0$88,735,004
92$123,063,447$0$0$97,592,066
93$135,359,264$0$0$107,346,439
94$148,901,169$0$0$118,089,459
95$163,816,009$0$0$129,921,767
96$180,243,561$0$0$142,954,267
97$198,337,850$0$0$157,309,167
98$218,268,604$0$0$173,121,134
99$240,222,855$0$0$190,538,564
100$264,406,700$0$0$209,724,983