Can I retire at age 35 with 988,000?

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 $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%16.2%
1 years$81,588$80,861$80,152$79,460$78,785$76,786
2 years$40,390$39,638$38,909$38,202$37,516$35,516
3 years$26,659$25,904$25,177$24,476$23,802$21,863
4 years$19,795$19,042$18,322$17,634$16,976$15,112
5 years$15,678$14,929$14,219$13,545$12,905$11,121
6 years$12,934$12,191$11,491$10,832$10,211$8,510
7 years$10,975$10,238$9,549$8,905$8,304$6,686
8 years$9,506$8,776$8,098$7,470$6,889$5,353
9 years$8,364$7,641$6,975$6,363$5,802$4,346
10 years$7,451$6,735$6,081$5,485$4,943$3,566
11 years$6,705$5,996$5,354$4,774$4,251$2,951
12 years$6,083$5,382$4,751$4,187$3,684$2,458
13 years$5,558$4,863$4,245$3,697$3,213$2,059
14 years$5,108$4,421$3,814$3,281$2,816$1,732
15 years$4,718$4,038$3,444$2,926$2,480$1,462
16 years$4,377$3,705$3,122$2,620$2,192$1,238
17 years$4,077$3,412$2,841$2,354$1,943$1,051
18 years$3,810$3,153$2,593$2,122$1,728$894
19 years$3,572$2,922$2,374$1,917$1,540$762
20 years$3,358$2,715$2,179$1,736$1,376$650
21 years$3,164$2,529$2,004$1,576$1,231$555
22 years$2,989$2,361$1,847$1,433$1,103$475
23 years$2,829$2,208$1,706$1,305$990$406
24 years$2,682$2,069$1,577$1,190$890$348
25 years$2,547$1,942$1,461$1,087$801$299
26 years$2,423$1,825$1,355$994$722$256
27 years$2,308$1,717$1,258$910$651$220
28 years$2,202$1,618$1,170$833$587$189
29 years$2,103$1,527$1,088$764$530$162
30 years$2,011$1,442$1,014$701$479$139
31 years$1,925$1,363$945$644$433$120
32 years$1,845$1,290$882$592$392$103
33 years$1,769$1,221$823$544$354$88
34 years$1,699$1,158$769$501$321$76
35 years$1,632$1,098$719$461$291$65
36 years$1,569$1,042$673$425$263$56
37 years$1,510$990$630$391$239$48
38 years$1,454$941$590$361$216$42
39 years$1,401$894$553$333$196$36
40 years$1,351$851$518$307$178$31
41 years$1,303$810$486$283$161$26
42 years$1,258$771$456$261$147$23
43 years$1,215$735$427$241$133$20
44 years$1,174$701$401$223$121$17
45 years$1,135$668$377$206$110$14
46 years$1,098$637$354$190$100$12
47 years$1,062$608$332$175$90$11
48 years$1,028$581$312$162$82$9
49 years$996$554$294$150$75$8
50 years$965$530$276$138$68$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $988,000, adding $3,358 every year, while hoping to spend $49,830 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: 75/5/20 Blend
34$988,000$988,000$988,000$988,000
35$1,092,240$1,039,876$1,024,562$1,168,758
36$1,150,630$1,037,811$1,005,866$1,217,882
37$1,213,305$1,033,975$984,874$1,265,286
38$1,280,650$1,028,228$961,455$1,315,953
39$1,353,088$1,020,423$935,476$1,370,195
40$1,431,082$1,010,402$906,793$1,428,360
41$1,515,140$998,000$875,258$1,490,827
42$1,605,822$983,039$840,717$1,558,018
43$1,703,742$965,334$803,007$1,630,398
44$1,809,575$944,687$761,959$1,708,479
45$1,924,062$920,887$717,395$1,792,826
46$2,048,019$893,713$669,130$1,884,064
47$2,182,342$862,930$616,972$1,982,882
48$2,328,017$828,290$560,716$2,090,039
49$2,486,128$789,530$500,154$2,206,374
50$2,657,867$746,371$435,063$2,332,812
51$2,844,545$698,518$365,213$2,470,375
52$3,047,605$645,662$290,364$2,620,188
53$3,268,634$587,473$210,264$2,783,494
54$3,509,379$523,602$124,651$2,961,666
55$3,771,760$453,684$33,252$3,156,215
56$4,057,894$377,328$0$3,368,810
57$4,370,108$294,126$0$3,615,011
58$4,710,964$203,644$0$3,891,596
59$5,083,284$105,424$0$4,193,766
60$5,490,172$0$0$4,524,064
61$5,935,047$0$0$4,885,343
62$6,421,673$0$0$5,286,910
63$6,954,195$0$0$5,726,390
64$7,537,175$0$0$6,207,553
65$8,175,639$0$0$6,734,553
66$8,875,121$0$0$7,311,963
67$9,641,715$0$0$7,944,819
68$10,482,134$0$0$8,638,667
69$11,403,771$0$0$9,399,618
70$12,414,766$0$0$10,234,399
71$13,524,089$0$0$11,150,423
72$14,741,619$0$0$12,155,853
73$16,078,235$0$0$13,259,682
74$17,545,925$0$0$14,471,815
75$19,157,892$0$0$15,803,164
76$20,928,682$0$0$17,265,750
77$22,874,318$0$0$18,872,816
78$25,012,452$0$0$20,638,951
79$27,362,532$0$0$22,580,226
80$29,945,983$0$0$24,714,349
81$32,786,409$0$0$27,060,827
82$35,909,815$0$0$29,641,152
83$39,344,853$0$0$32,479,004
84$43,123,090$0$0$35,600,472
85$47,279,307$0$0$39,034,302
86$51,851,825$0$0$42,812,163
87$56,882,865$0$0$46,968,952
88$62,418,949$0$0$51,543,116
89$68,511,336$0$0$56,577,020
90$75,216,504$0$0$62,117,342
91$82,596,686$0$0$68,215,516
92$90,720,451$0$0$74,928,212
93$99,663,355$0$0$82,317,877
94$109,508,653$0$0$90,453,318
95$120,348,079$0$0$99,410,353
96$132,282,717$0$0$109,272,526
97$145,423,951$0$0$120,131,893
98$159,894,516$0$0$132,089,893
99$175,829,654$0$0$145,258,302
100$193,378,391$0$0$159,760,289