Can I retire at age 35 with 989,000?

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 $989,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$81,671$80,943$80,233$79,541$78,864$77,177
2 years$40,431$39,678$38,948$38,241$37,554$35,863
3 years$26,686$25,930$25,202$24,501$23,826$22,183
4 years$19,815$19,061$18,341$17,652$16,993$15,411
5 years$15,694$14,944$14,233$13,558$12,918$11,401
6 years$12,947$12,203$11,502$10,843$10,221$8,772
7 years$10,986$10,248$9,559$8,914$8,313$6,931
8 years$9,515$8,785$8,106$7,478$6,896$5,581
9 years$8,373$7,649$6,982$6,370$5,808$4,559
10 years$7,459$6,742$6,087$5,491$4,948$3,764
11 years$6,712$6,002$5,359$4,779$4,256$3,135
12 years$6,089$5,387$4,756$4,191$3,688$2,629
13 years$5,563$4,868$4,249$3,700$3,216$2,216
14 years$5,113$4,425$3,818$3,285$2,819$1,877
15 years$4,723$4,042$3,447$2,929$2,482$1,596
16 years$4,382$3,709$3,125$2,623$2,194$1,361
17 years$4,081$3,416$2,844$2,357$1,945$1,163
18 years$3,814$3,156$2,596$2,124$1,730$997
19 years$3,576$2,925$2,377$1,919$1,542$856
20 years$3,361$2,718$2,181$1,738$1,377$736
21 years$3,168$2,532$2,006$1,577$1,232$633
22 years$2,992$2,363$1,849$1,434$1,104$546
23 years$2,831$2,210$1,707$1,306$991$471
24 years$2,685$2,071$1,579$1,191$891$407
25 years$2,550$1,944$1,462$1,088$802$351
26 years$2,426$1,827$1,356$995$722$304
27 years$2,311$1,719$1,259$911$651$263
28 years$2,204$1,620$1,171$834$588$228
29 years$2,105$1,528$1,090$765$531$197
30 years$2,013$1,443$1,015$702$479$171
31 years$1,927$1,364$946$645$433$148
32 years$1,847$1,291$883$593$392$128
33 years$1,771$1,223$824$545$355$111
34 years$1,700$1,159$770$501$321$96
35 years$1,634$1,099$720$462$291$83
36 years$1,571$1,043$674$425$264$72
37 years$1,511$991$630$392$239$63
38 years$1,455$942$590$361$217$54
39 years$1,402$895$553$333$196$47
40 years$1,352$852$518$307$178$41
41 years$1,304$811$486$283$162$36
42 years$1,259$772$456$261$147$31
43 years$1,216$736$428$241$133$27
44 years$1,175$701$402$223$121$23
45 years$1,136$669$377$206$110$20
46 years$1,099$638$354$190$100$18
47 years$1,063$609$333$176$90$15
48 years$1,029$581$313$162$82$13
49 years$997$555$294$150$75$11
50 years$966$530$276$139$68$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $989,000, adding $2,380 every year, while hoping to spend $27,596 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: 41/40/19 Blend
34$989,000$989,000$989,000$989,000
35$1,092,333$1,039,916$1,024,586$1,130,913
36$1,174,389$1,061,510$1,029,548$1,180,180
37$1,263,890$1,083,237$1,033,751$1,230,623
38$1,361,566$1,105,075$1,037,141$1,284,648
39$1,468,221$1,126,999$1,039,660$1,342,597
40$1,584,739$1,148,981$1,041,249$1,404,847
41$1,712,095$1,170,994$1,041,844$1,471,814
42$1,851,362$1,193,006$1,041,378$1,543,955
43$2,003,719$1,214,982$1,039,783$1,621,777
44$2,170,469$1,236,886$1,036,986$1,705,837
45$2,353,041$1,258,678$1,032,909$1,796,750
46$2,553,012$1,280,314$1,027,473$1,895,196
47$2,772,120$1,301,750$1,020,594$2,001,922
48$3,012,276$1,322,935$1,012,183$2,117,755
49$3,275,585$1,343,817$1,002,149$2,243,606
50$3,564,368$1,364,337$990,394$2,380,480
51$3,881,179$1,384,435$976,818$2,529,485
52$4,228,832$1,404,045$961,314$2,691,846
53$4,610,427$1,423,097$943,771$2,868,910
54$5,029,377$1,441,515$924,074$3,062,167
55$5,489,444$1,459,220$902,101$3,273,258
56$5,994,770$1,476,124$877,724$3,503,994
57$6,549,920$1,492,138$850,811$3,756,373
58$7,159,921$1,507,162$821,223$4,032,597
59$7,830,312$1,521,092$788,813$4,335,098
60$8,567,195$1,533,817$753,430$4,666,557
61$9,377,294$1,545,219$714,915$5,029,929
62$10,268,015$1,555,171$673,101$5,428,475
63$11,247,517$1,563,540$627,815$5,865,793
64$12,324,792$1,570,181$578,875$6,345,849
65$13,509,745$1,574,944$526,091$6,873,018
66$14,813,289$1,577,667$469,266$7,452,123
67$16,247,450$1,578,178$408,191$8,088,486
68$17,825,477$1,576,295$342,652$8,787,975
69$19,561,966$1,571,825$272,422$9,557,058
70$21,473,004$1,564,561$197,265$10,402,872
71$23,576,313$1,554,287$116,936$11,333,284
72$25,891,421$1,540,771$31,177$12,356,970
73$28,439,845$1,523,768$0$13,483,497
74$31,245,294$1,503,018$0$14,735,647
75$34,333,894$1,478,245$0$16,120,357
76$37,734,430$1,449,159$0$17,644,184
77$41,478,624$1,415,449$0$19,321,330
78$45,601,426$1,376,789$0$21,167,448
79$50,141,352$1,332,832$0$23,199,796
80$55,140,841$1,283,212$0$25,437,393
81$60,646,657$1,227,540$0$27,901,205
82$66,710,332$1,165,405$0$30,614,343
83$73,388,650$1,096,374$0$33,602,280
84$80,744,184$1,019,987$0$36,893,094
85$88,845,883$935,759$0$40,517,735
86$97,769,728$843,176$0$44,510,315
87$107,599,444$741,696$0$48,908,436
88$118,427,294$630,745$0$53,753,541
89$130,354,944$509,718$0$59,091,313
90$143,494,429$377,975$0$64,972,100
91$157,969,204$234,839$0$71,451,399
92$173,915,315$79,598$0$78,590,376
93$191,482,676$0$0$86,456,451
94$210,836,490$0$0$95,162,885
95$232,158,804$0$0$104,793,670
96$255,650,229$0$0$115,404,405
97$281,531,834$0$0$127,094,972
98$310,047,229$0$0$139,975,436
99$341,464,867$0$0$154,167,085
100$376,080,578$0$0$169,803,578