Can I retire at age 35 with 988,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $988,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$81,588$80,861$80,152$79,460$78,785$77,479
2 years$40,390$39,638$38,909$38,202$37,516$36,205
3 years$26,659$25,904$25,177$24,476$23,802$22,526
4 years$19,795$19,042$18,322$17,634$16,976$15,744
5 years$15,678$14,929$14,219$13,545$12,905$11,721
6 years$12,934$12,191$11,491$10,832$10,211$9,077
7 years$10,975$10,238$9,549$8,905$8,304$7,220
8 years$9,506$8,776$8,098$7,470$6,889$5,855
9 years$8,364$7,641$6,975$6,363$5,802$4,817
10 years$7,451$6,735$6,081$5,485$4,943$4,007
11 years$6,705$5,996$5,354$4,774$4,251$3,362
12 years$6,083$5,382$4,751$4,187$3,684$2,841
13 years$5,558$4,863$4,245$3,697$3,213$2,415
14 years$5,108$4,421$3,814$3,281$2,816$2,062
15 years$4,718$4,038$3,444$2,926$2,480$1,767
16 years$4,377$3,705$3,122$2,620$2,192$1,520
17 years$4,077$3,412$2,841$2,354$1,943$1,311
18 years$3,810$3,153$2,593$2,122$1,728$1,133
19 years$3,572$2,922$2,374$1,917$1,540$981
20 years$3,358$2,715$2,179$1,736$1,376$851
21 years$3,164$2,529$2,004$1,576$1,231$740
22 years$2,989$2,361$1,847$1,433$1,103$643
23 years$2,829$2,208$1,706$1,305$990$560
24 years$2,682$2,069$1,577$1,190$890$488
25 years$2,547$1,942$1,461$1,087$801$426
26 years$2,423$1,825$1,355$994$722$372
27 years$2,308$1,717$1,258$910$651$325
28 years$2,202$1,618$1,170$833$587$284
29 years$2,103$1,527$1,088$764$530$248
30 years$2,011$1,442$1,014$701$479$217
31 years$1,925$1,363$945$644$433$190
32 years$1,845$1,290$882$592$392$166
33 years$1,769$1,221$823$544$354$146
34 years$1,699$1,158$769$501$321$128
35 years$1,632$1,098$719$461$291$112
36 years$1,569$1,042$673$425$263$98
37 years$1,510$990$630$391$239$86
38 years$1,454$941$590$361$216$75
39 years$1,401$894$553$333$196$66
40 years$1,351$851$518$307$178$58
41 years$1,303$810$486$283$161$51
42 years$1,258$771$456$261$147$44
43 years$1,215$735$427$241$133$39
44 years$1,174$701$401$223$121$34
45 years$1,135$668$377$206$110$30
46 years$1,098$637$354$190$100$26
47 years$1,062$608$332$175$90$23
48 years$1,028$581$312$162$82$20
49 years$996$554$294$150$75$18
50 years$965$530$276$138$68$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $988,000, adding $5,330 every year, while hoping to spend $29,893 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: 41/36/23 Blend
34$988,000$988,000$988,000$988,000
35$1,094,274$1,041,910$1,026,596$1,131,539
36$1,174,084$1,061,158$1,029,181$1,177,988
37$1,261,033$1,080,346$1,030,851$1,224,984
38$1,355,817$1,099,442$1,031,543$1,275,254
39$1,459,203$1,118,408$1,031,192$1,329,117
40$1,572,035$1,137,203$1,029,730$1,386,920
41$1,695,241$1,155,785$1,027,085$1,449,052
42$1,829,845$1,174,107$1,023,182$1,515,939
43$1,976,971$1,192,121$1,017,941$1,588,051
44$2,137,860$1,209,772$1,011,279$1,665,910
45$2,313,875$1,227,004$1,003,110$1,750,089
46$2,506,519$1,243,756$993,343$1,841,223
47$2,717,446$1,259,963$981,883$1,940,012
48$2,948,479$1,275,555$968,630$2,047,230
49$3,201,624$1,290,457$953,479$2,163,730
50$3,479,090$1,304,590$936,321$2,290,454
51$3,783,311$1,317,868$917,041$2,428,443
52$4,116,968$1,330,202$895,521$2,578,845
53$4,483,011$1,341,495$871,633$2,742,927
54$4,884,694$1,351,644$845,249$2,922,090
55$5,325,597$1,360,539$816,229$3,117,878
56$5,809,667$1,368,064$784,431$3,331,995
57$6,341,248$1,374,094$749,705$3,566,322
58$6,925,129$1,378,499$711,894$3,822,935
59$7,566,584$1,381,137$670,834$4,104,127
60$8,271,423$1,381,860$626,354$4,412,424
61$9,046,046$1,380,509$578,275$4,750,617
62$9,897,505$1,376,917$526,410$5,121,785
63$10,833,570$1,370,904$470,563$5,529,322
64$11,862,798$1,362,282$410,531$5,976,978
65$12,994,619$1,350,851$346,100$6,468,885
66$14,239,424$1,336,396$277,048$7,009,606
67$15,608,659$1,318,693$203,143$7,604,170
68$17,114,935$1,297,501$124,141$8,258,130
69$18,772,148$1,272,569$39,789$8,977,608
70$20,595,609$1,243,627$0$9,769,356
71$22,602,187$1,210,390$0$10,653,152
72$24,810,470$1,172,559$0$11,636,105
73$27,240,937$1,129,814$0$12,717,575
74$29,916,156$1,081,818$0$13,907,629
75$32,860,991$1,028,215$0$15,217,366
76$36,102,842$968,627$0$16,659,024
77$39,671,897$902,654$0$18,246,090
78$43,601,422$829,876$0$19,993,434
79$47,928,073$749,847$0$21,917,451
80$52,692,241$662,093$0$24,036,210
81$57,938,432$566,119$0$26,369,631
82$63,715,690$461,396$0$28,939,675
83$70,078,055$347,369$0$31,770,546
84$77,085,078$223,452$0$34,888,929
85$84,802,378$89,022$0$38,324,236
86$93,302,262$0$0$42,108,890
87$102,664,411$0$0$46,301,041
88$112,976,627$0$0$50,957,635
89$124,335,663$0$0$56,087,120
90$136,848,136$0$0$61,737,663
91$150,631,534$0$0$67,962,347
92$165,815,323$0$0$74,819,662
93$182,542,168$0$0$82,374,067
94$200,969,282$0$0$90,696,588
95$221,269,908$0$0$99,865,498
96$243,634,954$0$0$109,967,050
97$268,274,793$0$0$121,096,291
98$295,421,251$0$0$133,357,962
99$325,329,794$0$0$146,867,483
100$358,281,940$0$0$161,752,046