Can I retire at age 35 with 993,000?

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 $993,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$82,001$81,271$80,558$79,862$79,183$77,871
2 years$40,595$39,839$39,106$38,395$37,706$36,389
3 years$26,794$26,035$25,304$24,600$23,922$22,640
4 years$19,895$19,138$18,415$17,723$17,062$15,824
5 years$15,757$15,005$14,291$13,613$12,970$11,781
6 years$12,999$12,253$11,549$10,886$10,263$9,123
7 years$11,030$10,290$9,597$8,950$8,346$7,257
8 years$9,554$8,820$8,139$7,508$6,924$5,885
9 years$8,406$7,680$7,010$6,395$5,831$4,841
10 years$7,489$6,769$6,112$5,513$4,968$4,027
11 years$6,739$6,026$5,381$4,798$4,273$3,379
12 years$6,114$5,409$4,775$4,208$3,703$2,855
13 years$5,586$4,888$4,266$3,715$3,229$2,427
14 years$5,133$4,443$3,833$3,298$2,831$2,072
15 years$4,742$4,059$3,461$2,941$2,492$1,776
16 years$4,399$3,724$3,138$2,634$2,203$1,527
17 years$4,098$3,429$2,855$2,366$1,953$1,317
18 years$3,830$3,169$2,607$2,132$1,737$1,139
19 years$3,590$2,937$2,386$1,927$1,548$986
20 years$3,375$2,729$2,190$1,745$1,383$855
21 years$3,180$2,542$2,014$1,584$1,237$743
22 years$3,004$2,373$1,857$1,440$1,109$647
23 years$2,843$2,219$1,714$1,312$995$563
24 years$2,695$2,079$1,585$1,196$895$491
25 years$2,560$1,951$1,468$1,092$805$428
26 years$2,435$1,834$1,362$999$725$374
27 years$2,320$1,726$1,265$914$654$327
28 years$2,213$1,626$1,176$838$590$285
29 years$2,114$1,534$1,094$768$533$250
30 years$2,021$1,449$1,019$705$481$218
31 years$1,935$1,370$950$647$435$191
32 years$1,854$1,296$886$595$394$167
33 years$1,778$1,227$828$547$356$146
34 years$1,707$1,163$773$503$323$128
35 years$1,640$1,103$723$463$292$112
36 years$1,577$1,047$676$427$265$98
37 years$1,518$995$633$393$240$86
38 years$1,461$945$593$362$218$76
39 years$1,408$899$555$334$197$66
40 years$1,358$855$521$308$179$58
41 years$1,310$814$488$284$162$51
42 years$1,264$775$458$262$147$45
43 years$1,221$739$430$242$134$39
44 years$1,180$704$403$224$121$34
45 years$1,141$671$379$207$110$30
46 years$1,103$641$356$191$100$26
47 years$1,067$611$334$176$91$23
48 years$1,033$584$314$163$82$20
49 years$1,001$557$295$151$75$18
50 years$970$532$277$139$68$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $993,000, adding $4,383 every year, while hoping to spend $57,623 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: 76/16/8 Blend
34$993,000$993,000$993,000$993,000
35$1,098,807$1,046,178$1,030,787$1,180,691
36$1,149,575$1,036,130$1,004,007$1,225,105
37$1,203,590$1,023,659$974,400$1,265,973
38$1,261,122$1,008,585$941,809$1,309,108
39$1,322,468$990,716$906,071$1,354,713
40$1,387,952$969,853$867,016$1,403,013
41$1,457,928$945,781$824,466$1,454,254
42$1,532,787$918,275$778,236$1,508,709
43$1,612,955$887,094$728,130$1,566,680
44$1,698,901$851,986$673,947$1,628,500
45$1,791,138$812,683$615,474$1,694,537
46$1,890,230$768,900$552,488$1,765,198
47$1,996,796$720,339$484,759$1,840,930
48$2,111,515$666,682$412,044$1,922,231
49$2,235,133$607,593$334,092$2,009,648
50$2,368,471$542,719$250,638$2,103,787
51$2,512,427$471,684$161,406$2,205,316
52$2,667,992$394,094$66,111$2,314,973
53$2,836,252$309,529$0$2,433,575
54$3,018,402$217,549$0$2,565,060
55$3,215,757$117,687$0$2,713,606
56$3,429,761$9,450$0$2,874,690
57$3,662,001$0$0$3,049,556
58$3,914,227$0$0$3,258,534
59$4,188,358$0$0$3,487,504
60$4,486,509$0$0$3,736,571
61$4,811,006$0$0$4,007,683
62$5,164,409$0$0$4,302,984
63$5,549,532$0$0$4,624,830
64$5,969,477$0$0$4,975,817
65$6,427,654$0$0$5,358,801
66$6,927,817$0$0$5,776,927
67$7,474,100$0$0$6,233,654
68$8,071,053$0$0$6,732,793
69$8,723,685$0$0$7,278,539
70$9,437,511$0$0$7,875,509
71$10,218,603$0$0$8,528,789
72$11,073,648$0$0$9,243,977
73$12,010,010$0$0$10,027,240
74$13,035,796$0$0$10,885,368
75$14,159,937$0$0$11,825,839
76$15,392,266$0$0$12,856,887
77$16,743,615$0$0$13,987,584
78$18,225,914$0$0$15,227,920
79$19,852,303$0$0$16,588,899
80$21,637,255$0$0$18,082,641
81$23,596,712$0$0$19,722,498
82$25,748,237$0$0$21,523,176
83$28,111,174$0$0$23,500,876
84$30,706,834$0$0$25,673,445
85$33,558,693$0$0$28,060,543
86$36,692,614$0$0$30,683,831
87$40,137,090$0$0$33,567,169
88$43,923,510$0$0$36,736,845
89$48,086,457$0$0$40,221,822
90$52,664,030$0$0$44,054,008
91$57,698,208$0$0$48,268,558
92$63,235,240$0$0$52,904,205
93$69,326,080$0$0$58,003,623
94$76,026,873$0$0$63,613,833
95$83,399,477$0$0$69,786,641
96$91,512,050$0$0$76,579,126
97$100,439,688$0$0$84,054,185
98$110,265,138$0$0$92,281,114
99$121,079,572$0$0$101,336,273
100$132,983,452$0$0$111,303,796