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%17.9%
1 years$81,671$80,943$80,233$79,541$78,864$76,340
2 years$40,431$39,678$38,948$38,241$37,554$35,034
3 years$26,686$25,930$25,202$24,501$23,826$21,389
4 years$19,815$19,061$18,341$17,652$16,993$14,658
5 years$15,694$14,944$14,233$13,558$12,918$10,692
6 years$12,947$12,203$11,502$10,843$10,221$8,106
7 years$10,986$10,248$9,559$8,914$8,313$6,307
8 years$9,515$8,785$8,106$7,478$6,896$4,999
9 years$8,373$7,649$6,982$6,370$5,808$4,017
10 years$7,459$6,742$6,087$5,491$4,948$3,262
11 years$6,712$6,002$5,359$4,779$4,256$2,670
12 years$6,089$5,387$4,756$4,191$3,688$2,199
13 years$5,563$4,868$4,249$3,700$3,216$1,821
14 years$5,113$4,425$3,818$3,285$2,819$1,514
15 years$4,723$4,042$3,447$2,929$2,482$1,263
16 years$4,382$3,709$3,125$2,623$2,194$1,056
17 years$4,081$3,416$2,844$2,357$1,945$885
18 years$3,814$3,156$2,596$2,124$1,730$744
19 years$3,576$2,925$2,377$1,919$1,542$626
20 years$3,361$2,718$2,181$1,738$1,377$527
21 years$3,168$2,532$2,006$1,577$1,232$444
22 years$2,992$2,363$1,849$1,434$1,104$375
23 years$2,831$2,210$1,707$1,306$991$317
24 years$2,685$2,071$1,579$1,191$891$268
25 years$2,550$1,944$1,462$1,088$802$226
26 years$2,426$1,827$1,356$995$722$192
27 years$2,311$1,719$1,259$911$651$162
28 years$2,204$1,620$1,171$834$588$137
29 years$2,105$1,528$1,090$765$531$116
30 years$2,013$1,443$1,015$702$479$98
31 years$1,927$1,364$946$645$433$83
32 years$1,847$1,291$883$593$392$71
33 years$1,771$1,223$824$545$355$60
34 years$1,700$1,159$770$501$321$51
35 years$1,634$1,099$720$462$291$43
36 years$1,571$1,043$674$425$264$36
37 years$1,511$991$630$392$239$31
38 years$1,455$942$590$361$217$26
39 years$1,402$895$553$333$196$22
40 years$1,352$852$518$307$178$19
41 years$1,304$811$486$283$162$16
42 years$1,259$772$456$261$147$14
43 years$1,216$736$428$241$133$12
44 years$1,175$701$402$223$121$10
45 years$1,136$669$377$206$110$8
46 years$1,099$638$354$190$100$7
47 years$1,063$609$333$176$90$6
48 years$1,029$581$313$162$82$5
49 years$997$555$294$150$75$4
50 years$966$530$276$139$68$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $989,000, adding $3,076 every year, while hoping to spend $24,634 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: 90/5/5 Blend
34$989,000$989,000$989,000$989,000
35$1,093,051$1,040,634$1,025,304$1,191,347
36$1,178,332$1,065,415$1,033,442$1,280,468
37$1,271,486$1,090,584$1,041,026$1,374,649
38$1,373,289$1,116,135$1,048,013$1,477,401
39$1,484,599$1,142,059$1,054,355$1,589,569
40$1,606,356$1,168,348$1,060,004$1,712,085
41$1,739,597$1,194,990$1,064,907$1,845,975
42$1,885,465$1,221,974$1,069,010$1,992,366
43$2,045,217$1,249,285$1,072,257$2,152,504
44$2,220,238$1,276,908$1,074,586$2,327,757
45$2,412,052$1,304,827$1,075,935$2,519,634
46$2,622,341$1,333,023$1,076,238$2,729,798
47$2,852,953$1,361,474$1,075,425$2,960,077
48$3,105,926$1,390,159$1,073,424$3,212,488
49$3,383,504$1,419,050$1,070,158$3,489,252
50$3,688,160$1,448,122$1,065,546$3,792,815
51$4,022,616$1,477,344$1,059,506$4,125,871
52$4,389,873$1,506,683$1,051,949$4,491,390
53$4,793,233$1,536,104$1,042,782$4,892,642
54$5,236,337$1,565,567$1,031,909$5,333,231
55$5,723,194$1,595,032$1,019,230$5,817,125
56$6,258,223$1,624,451$1,004,637$6,348,698
57$6,846,290$1,653,777$988,020$6,932,769
58$7,492,756$1,682,957$969,263$7,574,647
59$8,203,528$1,711,932$948,245$8,280,181
60$8,985,114$1,740,643$924,837$9,055,816
61$9,844,683$1,769,022$898,907$9,908,652
62$10,790,136$1,797,000$870,315$10,846,514
63$11,830,176$1,824,499$838,917$11,878,023
64$12,974,392$1,851,438$804,559$13,012,678
65$14,233,351$1,877,729$767,083$14,260,944
66$15,618,695$1,903,279$726,322$15,634,356
67$17,143,250$1,927,988$682,102$17,145,622
68$18,821,150$1,951,748$634,241$18,808,743
69$20,667,969$1,974,445$582,549$20,639,151
70$22,700,865$1,995,957$526,828$22,653,847
71$24,938,747$2,016,153$466,871$24,871,567
72$27,402,449$2,034,893$402,460$27,312,955
73$30,114,926$2,052,031$333,370$30,000,760
74$33,101,475$2,067,407$259,364$32,960,051
75$36,389,969$2,080,853$180,197$36,218,451
76$40,011,122$2,092,191$95,609$39,806,400
77$43,998,778$2,101,230$5,334$43,757,440
78$48,390,230$2,107,767$0$48,108,534
79$53,226,573$2,111,587$0$52,905,269
80$58,553,090$2,112,461$0$58,188,293
81$64,419,680$2,110,147$0$64,006,798
82$70,881,329$2,104,385$0$70,415,307
83$77,998,627$2,094,903$0$77,473,898
84$85,838,343$2,081,410$0$85,248,778
85$94,474,051$2,063,596$0$93,812,901
86$103,986,828$2,041,136$0$103,246,662
87$114,466,016$2,013,683$0$113,638,653
88$126,010,066$1,980,869$0$125,086,498
89$138,727,466$1,942,306$0$137,697,776
90$152,737,770$1,897,581$0$151,591,039
91$168,172,717$1,846,257$0$166,896,923
92$185,177,484$1,787,873$0$183,759,389
93$203,912,048$1,721,940$0$202,337,079
94$224,552,701$1,647,939$0$222,804,811
95$247,293,712$1,565,323$0$245,355,234
96$272,349,160$1,473,513$0$270,200,639
97$299,954,955$1,371,897$0$297,574,972
98$330,371,067$1,259,826$0$327,736,036
99$363,883,974$1,136,615$0$360,967,925
100$400,809,372$1,001,542$0$397,583,707