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%
1 years$81,588$80,861$80,152$79,460$78,785$76,849
2 years$40,390$39,638$38,909$38,202$37,516$35,578
3 years$26,659$25,904$25,177$24,476$23,802$21,922
4 years$19,795$19,042$18,322$17,634$16,976$15,168
5 years$15,678$14,929$14,219$13,545$12,905$11,175
6 years$12,934$12,191$11,491$10,832$10,211$8,560
7 years$10,975$10,238$9,549$8,905$8,304$6,733
8 years$9,506$8,776$8,098$7,470$6,889$5,397
9 years$8,364$7,641$6,975$6,363$5,802$4,387
10 years$7,451$6,735$6,081$5,485$4,943$3,604
11 years$6,705$5,996$5,354$4,774$4,251$2,986
12 years$6,083$5,382$4,751$4,187$3,684$2,491
13 years$5,558$4,863$4,245$3,697$3,213$2,089
14 years$5,108$4,421$3,814$3,281$2,816$1,760
15 years$4,718$4,038$3,444$2,926$2,480$1,488
16 years$4,377$3,705$3,122$2,620$2,192$1,261
17 years$4,077$3,412$2,841$2,354$1,943$1,072
18 years$3,810$3,153$2,593$2,122$1,728$913
19 years$3,572$2,922$2,374$1,917$1,540$779
20 years$3,358$2,715$2,179$1,736$1,376$666
21 years$3,164$2,529$2,004$1,576$1,231$570
22 years$2,989$2,361$1,847$1,433$1,103$488
23 years$2,829$2,208$1,706$1,305$990$419
24 years$2,682$2,069$1,577$1,190$890$359
25 years$2,547$1,942$1,461$1,087$801$308
26 years$2,423$1,825$1,355$994$722$265
27 years$2,308$1,717$1,258$910$651$228
28 years$2,202$1,618$1,170$833$587$196
29 years$2,103$1,527$1,088$764$530$168
30 years$2,011$1,442$1,014$701$479$145
31 years$1,925$1,363$945$644$433$125
32 years$1,845$1,290$882$592$392$107
33 years$1,769$1,221$823$544$354$92
34 years$1,699$1,158$769$501$321$80
35 years$1,632$1,098$719$461$291$69
36 years$1,569$1,042$673$425$263$59
37 years$1,510$990$630$391$239$51
38 years$1,454$941$590$361$216$44
39 years$1,401$894$553$333$196$38
40 years$1,351$851$518$307$178$33
41 years$1,303$810$486$283$161$28
42 years$1,258$771$456$261$147$24
43 years$1,215$735$427$241$133$21
44 years$1,174$701$401$223$121$18
45 years$1,135$668$377$206$110$15
46 years$1,098$637$354$190$100$13
47 years$1,062$608$332$175$90$11
48 years$1,028$581$312$162$82$10
49 years$996$554$294$150$75$9
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 $5,811 every year, while hoping to spend $32,646 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: 44/26/30 Blend
34$988,000$988,000$988,000$988,000
35$1,094,770$1,042,406$1,027,092$1,133,182
36$1,171,702$1,058,749$1,026,765$1,177,597
37$1,255,386$1,074,798$1,025,332$1,222,181
38$1,346,477$1,090,506$1,022,723$1,269,900
39$1,445,696$1,105,818$1,018,862$1,321,068
40$1,553,834$1,120,680$1,013,671$1,376,027
41$1,671,764$1,135,032$1,007,067$1,435,159
42$1,800,444$1,148,810$998,965$1,498,886
43$1,940,932$1,161,944$989,273$1,567,672
44$2,094,391$1,174,363$977,897$1,642,033
45$2,262,100$1,185,988$964,738$1,722,537
46$2,445,469$1,196,736$949,691$1,809,813
47$2,646,049$1,206,518$932,648$1,904,556
48$2,865,550$1,215,241$913,496$2,007,532
49$3,105,852$1,222,804$892,114$2,119,591
50$3,369,027$1,229,100$868,378$2,241,668
51$3,657,358$1,234,016$842,158$2,374,799
52$3,973,356$1,237,430$813,318$2,520,127
53$4,319,788$1,239,214$781,714$2,678,915
54$4,699,703$1,239,232$747,198$2,852,557
55$5,116,457$1,237,339$709,614$3,042,592
56$5,573,747$1,233,380$668,797$3,250,722
57$6,075,646$1,227,193$624,579$3,478,823
58$6,626,641$1,218,604$576,782$3,728,969
59$7,231,672$1,207,430$525,218$4,003,448
60$7,896,184$1,193,475$469,693$4,304,786
61$8,626,173$1,176,533$410,006$4,635,772
62$9,428,244$1,156,385$345,943$4,999,484
63$10,309,676$1,132,799$277,284$5,399,318
64$11,278,487$1,105,530$203,796$5,839,023
65$12,343,509$1,074,317$125,239$6,322,738
66$13,514,473$1,038,885$41,361$6,855,027
67$14,802,101$998,942$0$7,440,928
68$16,218,206$954,181$0$8,101,414
69$17,775,802$904,274$0$8,842,334
70$19,489,227$848,878$0$9,657,293
71$21,374,282$787,626$0$10,553,851
72$23,448,372$720,133$0$11,540,342
73$25,730,677$645,991$0$12,625,955
74$28,242,331$564,769$0$13,820,818
75$31,006,618$476,012$0$15,136,096
76$34,049,194$379,238$0$16,584,097
77$37,398,330$273,939$0$18,178,390
78$41,085,176$159,578$0$19,933,931
79$45,144,055$35,588$0$21,867,208
80$49,612,787$0$0$23,996,394
81$54,533,048$0$0$26,369,742
82$59,950,757$0$0$28,994,405
83$65,916,516$0$0$31,884,735
84$72,486,082$0$0$35,067,765
85$79,720,895$0$0$38,573,283
86$87,688,658$0$0$42,434,116
87$96,463,974$0$0$46,686,434
88$106,129,051$0$0$51,370,095
89$116,774,477$0$0$56,529,022
90$128,500,075$0$0$62,211,614
91$141,415,844$0$0$68,471,203
92$155,642,997$0$0$75,366,562
93$171,315,106$0$0$82,962,453
94$188,579,360$0$0$91,330,244
95$207,597,957$0$0$100,548,575
96$228,549,632$0$0$110,704,110
97$251,631,342$0$0$121,892,346
98$277,060,131$0$0$134,218,520
99$305,075,172$0$0$147,798,597
100$335,940,027$0$0$162,760,371