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%16.3%
1 years$81,588$80,861$80,152$79,460$78,785$76,755
2 years$40,390$39,638$38,909$38,202$37,516$35,486
3 years$26,659$25,904$25,177$24,476$23,802$21,833
4 years$19,795$19,042$18,322$17,634$16,976$15,084
5 years$15,678$14,929$14,219$13,545$12,905$11,095
6 years$12,934$12,191$11,491$10,832$10,211$8,485
7 years$10,975$10,238$9,549$8,905$8,304$6,663
8 years$9,506$8,776$8,098$7,470$6,889$5,331
9 years$8,364$7,641$6,975$6,363$5,802$4,326
10 years$7,451$6,735$6,081$5,485$4,943$3,547
11 years$6,705$5,996$5,354$4,774$4,251$2,934
12 years$6,083$5,382$4,751$4,187$3,684$2,442
13 years$5,558$4,863$4,245$3,697$3,213$2,044
14 years$5,108$4,421$3,814$3,281$2,816$1,718
15 years$4,718$4,038$3,444$2,926$2,480$1,449
16 years$4,377$3,705$3,122$2,620$2,192$1,226
17 years$4,077$3,412$2,841$2,354$1,943$1,040
18 years$3,810$3,153$2,593$2,122$1,728$884
19 years$3,572$2,922$2,374$1,917$1,540$753
20 years$3,358$2,715$2,179$1,736$1,376$642
21 years$3,164$2,529$2,004$1,576$1,231$548
22 years$2,989$2,361$1,847$1,433$1,103$468
23 years$2,829$2,208$1,706$1,305$990$401
24 years$2,682$2,069$1,577$1,190$890$343
25 years$2,547$1,942$1,461$1,087$801$294
26 years$2,423$1,825$1,355$994$722$252
27 years$2,308$1,717$1,258$910$651$216
28 years$2,202$1,618$1,170$833$587$185
29 years$2,103$1,527$1,088$764$530$159
30 years$2,011$1,442$1,014$701$479$136
31 years$1,925$1,363$945$644$433$117
32 years$1,845$1,290$882$592$392$101
33 years$1,769$1,221$823$544$354$86
34 years$1,699$1,158$769$501$321$74
35 years$1,632$1,098$719$461$291$64
36 years$1,569$1,042$673$425$263$55
37 years$1,510$990$630$391$239$47
38 years$1,454$941$590$361$216$40
39 years$1,401$894$553$333$196$35
40 years$1,351$851$518$307$178$30
41 years$1,303$810$486$283$161$26
42 years$1,258$771$456$261$147$22
43 years$1,215$735$427$241$133$19
44 years$1,174$701$401$223$121$16
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$10
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 $4,594 every year, while hoping to spend $55,469 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: 67/14/19 Blend
34$988,000$988,000$988,000$988,000
35$1,093,515$1,041,151$1,025,837$1,161,341
36$1,146,035$1,033,149$1,001,184$1,199,303
37$1,202,052$1,022,895$973,846$1,233,940
38$1,261,867$1,010,222$943,674$1,270,474
39$1,325,804$994,949$910,514$1,309,088
40$1,394,222$976,888$874,202$1,349,988
41$1,467,514$955,837$834,570$1,393,400
42$1,546,111$931,584$791,439$1,439,577
43$1,630,486$903,903$744,623$1,488,799
44$1,721,157$872,556$693,930$1,541,375
45$1,818,694$837,290$639,155$1,597,650
46$1,923,722$797,838$580,088$1,658,005
47$2,036,928$753,918$516,507$1,722,861
48$2,159,066$705,232$448,181$1,792,686
49$2,290,964$651,462$374,870$1,868,000
50$2,433,534$592,275$296,319$1,949,375
51$2,587,777$527,319$212,268$2,037,448
52$2,754,791$456,219$122,440$2,132,923
53$2,935,788$378,581$26,550$2,236,577
54$3,132,096$293,990$0$2,349,275
55$3,345,179$202,005$0$2,487,333
56$3,576,646$102,161$0$2,643,185
57$3,828,264$0$0$2,812,680
58$4,101,983$0$0$2,998,105
59$4,399,942$0$0$3,217,138
60$4,724,499$0$0$3,455,779
61$5,078,248$0$0$3,715,942
62$5,464,042$0$0$3,999,733
63$5,885,023$0$0$4,309,471
64$6,344,650$0$0$4,647,707
65$6,846,728$0$0$5,017,252
66$7,395,448$0$0$5,421,199
67$7,995,423$0$0$5,862,951
68$8,651,734$0$0$6,346,259
69$9,369,973$0$0$6,875,252
70$10,156,299$0$0$7,454,474
71$11,017,494$0$0$8,088,932
72$11,961,026$0$0$8,784,139
73$12,995,120$0$0$9,546,166
74$14,128,835$0$0$10,381,701
75$15,372,147$0$0$11,298,108
76$16,736,046$0$0$12,303,498
77$18,232,635$0$0$13,406,808
78$19,875,246$0$0$14,617,878
79$21,678,563$0$0$15,947,549
80$23,658,764$0$0$17,407,765
81$25,833,669$0$0$19,011,680
82$28,222,908$0$0$20,773,787
83$30,848,107$0$0$22,710,050
84$33,733,089$0$0$24,838,059
85$36,904,102$0$0$27,177,189
86$40,390,061$0$0$29,748,788
87$44,222,822$0$0$32,576,376
88$48,437,484$0$0$35,685,863
89$53,072,715$0$0$39,105,799
90$58,171,120$0$0$42,867,638
91$63,779,639$0$0$47,006,036
92$69,949,991$0$0$51,559,176
93$76,739,162$0$0$56,569,130
94$84,209,938$0$0$62,082,252
95$92,431,499$0$0$68,149,621
96$101,480,072$0$0$74,827,512
97$111,439,648$0$0$82,177,938
98$122,402,771$0$0$90,269,224
99$134,471,415$0$0$99,176,660
100$147,757,944$0$0$108,983,203