Can I retire at age 35 with 989,000?

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 $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%19.5%
1 years$81,671$80,943$80,233$79,541$78,864$75,855
2 years$40,431$39,678$38,948$38,241$37,554$34,558
3 years$26,686$25,930$25,202$24,501$23,826$20,937
4 years$19,815$19,061$18,341$17,652$16,993$14,233
5 years$15,694$14,944$14,233$13,558$12,918$10,294
6 years$12,947$12,203$11,502$10,843$10,221$7,736
7 years$10,986$10,248$9,559$8,914$8,313$5,964
8 years$9,515$8,785$8,106$7,478$6,896$4,683
9 years$8,373$7,649$6,982$6,370$5,808$3,726
10 years$7,459$6,742$6,087$5,491$4,948$2,995
11 years$6,712$6,002$5,359$4,779$4,256$2,426
12 years$6,089$5,387$4,756$4,191$3,688$1,977
13 years$5,563$4,868$4,249$3,700$3,216$1,619
14 years$5,113$4,425$3,818$3,285$2,819$1,331
15 years$4,723$4,042$3,447$2,929$2,482$1,098
16 years$4,382$3,709$3,125$2,623$2,194$908
17 years$4,081$3,416$2,844$2,357$1,945$752
18 years$3,814$3,156$2,596$2,124$1,730$624
19 years$3,576$2,925$2,377$1,919$1,542$519
20 years$3,361$2,718$2,181$1,738$1,377$432
21 years$3,168$2,532$2,006$1,577$1,232$360
22 years$2,992$2,363$1,849$1,434$1,104$300
23 years$2,831$2,210$1,707$1,306$991$250
24 years$2,685$2,071$1,579$1,191$891$209
25 years$2,550$1,944$1,462$1,088$802$174
26 years$2,426$1,827$1,356$995$722$145
27 years$2,311$1,719$1,259$911$651$122
28 years$2,204$1,620$1,171$834$588$102
29 years$2,105$1,528$1,090$765$531$85
30 years$2,013$1,443$1,015$702$479$71
31 years$1,927$1,364$946$645$433$59
32 years$1,847$1,291$883$593$392$50
33 years$1,771$1,223$824$545$355$42
34 years$1,700$1,159$770$501$321$35
35 years$1,634$1,099$720$462$291$29
36 years$1,571$1,043$674$425$264$24
37 years$1,511$991$630$392$239$20
38 years$1,455$942$590$361$217$17
39 years$1,402$895$553$333$196$14
40 years$1,352$852$518$307$178$12
41 years$1,304$811$486$283$162$10
42 years$1,259$772$456$261$147$8
43 years$1,216$736$428$241$133$7
44 years$1,175$701$402$223$121$6
45 years$1,136$669$377$206$110$5
46 years$1,099$638$354$190$100$4
47 years$1,063$609$333$176$90$3
48 years$1,029$581$313$162$82$3
49 years$997$555$294$150$75$2
50 years$966$530$276$139$68$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $989,000, adding $4,824 every year, while hoping to spend $34,144 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: 41/49/10 Blend
34$989,000$989,000$989,000$989,000
35$1,094,854$1,042,437$1,027,107$1,136,307
36$1,170,200$1,057,187$1,025,187$1,180,591
37$1,252,087$1,071,516$1,022,057$1,224,710
38$1,341,146$1,085,367$1,017,642$1,271,694
39$1,438,072$1,098,679$1,011,862$1,321,816
40$1,543,628$1,111,387$1,004,632$1,375,380
41$1,658,655$1,123,422$995,864$1,432,721
42$1,784,079$1,134,710$985,467$1,494,210
43$1,920,918$1,145,174$973,342$1,560,257
44$2,070,292$1,154,728$959,390$1,631,315
45$2,233,436$1,163,283$943,504$1,707,884
46$2,411,707$1,170,746$925,572$1,790,518
47$2,606,602$1,177,013$905,480$1,879,828
48$2,819,767$1,181,978$883,104$1,976,491
49$3,053,014$1,185,525$858,319$2,081,253
50$3,308,340$1,187,534$830,991$2,194,941
51$3,587,942$1,187,875$800,981$2,318,467
52$3,894,241$1,186,410$768,143$2,452,838
53$4,229,904$1,182,994$732,326$2,599,170
54$4,597,865$1,177,472$693,370$2,758,691
55$5,001,358$1,169,679$651,108$2,932,763
56$5,443,945$1,159,441$605,369$3,122,886
57$5,929,547$1,146,574$555,969$3,330,718
58$6,462,486$1,130,882$502,719$3,558,093
59$7,047,521$1,112,156$445,421$3,807,034
60$7,689,894$1,090,178$383,869$4,079,774
61$8,395,381$1,064,713$317,845$4,378,781
62$9,170,341$1,035,516$247,125$4,706,779
63$10,021,785$1,002,326$171,473$5,066,777
64$10,957,433$964,865$90,643$5,462,095
65$11,985,789$922,841$4,377$5,896,399
66$13,116,224$875,946$0$6,373,737
67$14,359,063$823,850$0$6,907,932
68$15,725,678$766,210$0$7,495,666
69$17,228,600$702,657$0$8,141,944
70$18,881,636$632,806$0$8,852,806
71$20,699,997$556,247$0$9,634,913
72$22,700,442$472,549$0$10,495,617
73$24,901,437$381,254$0$11,443,025
74$27,323,329$281,881$0$12,486,082
75$29,988,535$173,919$0$13,634,655
76$32,921,756$56,832$0$14,899,628
77$36,150,209$0$0$16,293,005
78$39,703,883$0$0$17,865,745
79$43,615,821$0$0$19,630,930
80$47,922,435$0$0$21,574,364
81$52,663,845$0$0$23,714,172
82$57,884,257$0$0$26,070,326
83$63,632,386$0$0$28,664,833
84$69,961,908$0$0$31,521,942
85$76,931,970$0$0$34,668,376
86$84,607,748$0$0$38,133,579
87$93,061,060$0$0$41,949,996
88$102,371,044$0$0$46,153,383
89$112,624,906$0$0$50,783,136
90$123,918,740$0$0$55,882,670
91$136,358,438$0$0$61,499,826
92$150,060,684$0$0$67,687,321
93$165,154,060$0$0$74,503,247
94$181,780,257$0$0$82,011,621
95$200,095,412$0$0$90,282,984
96$220,271,579$0$0$99,395,070
97$242,498,359$0$0$109,433,540
98$266,984,680$0$0$120,492,790
99$293,960,779$0$0$132,676,839
100$323,680,365$0$0$146,100,316