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%16.5%
1 years$82,001$81,271$80,558$79,862$79,183$77,081
2 years$40,595$39,839$39,106$38,395$37,706$35,603
3 years$26,794$26,035$25,304$24,600$23,922$21,884
4 years$19,895$19,138$18,415$17,723$17,062$15,104
5 years$15,757$15,005$14,291$13,613$12,970$11,098
6 years$12,999$12,253$11,549$10,886$10,263$8,478
7 years$11,030$10,290$9,597$8,950$8,346$6,650
8 years$9,554$8,820$8,139$7,508$6,924$5,314
9 years$8,406$7,680$7,010$6,395$5,831$4,307
10 years$7,489$6,769$6,112$5,513$4,968$3,528
11 years$6,739$6,026$5,381$4,798$4,273$2,914
12 years$6,114$5,409$4,775$4,208$3,703$2,422
13 years$5,586$4,888$4,266$3,715$3,229$2,025
14 years$5,133$4,443$3,833$3,298$2,831$1,700
15 years$4,742$4,059$3,461$2,941$2,492$1,432
16 years$4,399$3,724$3,138$2,634$2,203$1,210
17 years$4,098$3,429$2,855$2,366$1,953$1,025
18 years$3,830$3,169$2,607$2,132$1,737$870
19 years$3,590$2,937$2,386$1,927$1,548$739
20 years$3,375$2,729$2,190$1,745$1,383$629
21 years$3,180$2,542$2,014$1,584$1,237$536
22 years$3,004$2,373$1,857$1,440$1,109$458
23 years$2,843$2,219$1,714$1,312$995$391
24 years$2,695$2,079$1,585$1,196$895$334
25 years$2,560$1,951$1,468$1,092$805$286
26 years$2,435$1,834$1,362$999$725$244
27 years$2,320$1,726$1,265$914$654$209
28 years$2,213$1,626$1,176$838$590$179
29 years$2,114$1,534$1,094$768$533$154
30 years$2,021$1,449$1,019$705$481$132
31 years$1,935$1,370$950$647$435$113
32 years$1,854$1,296$886$595$394$97
33 years$1,778$1,227$828$547$356$83
34 years$1,707$1,163$773$503$323$71
35 years$1,640$1,103$723$463$292$61
36 years$1,577$1,047$676$427$265$52
37 years$1,518$995$633$393$240$45
38 years$1,461$945$593$362$218$38
39 years$1,408$899$555$334$197$33
40 years$1,358$855$521$308$179$28
41 years$1,310$814$488$284$162$24
42 years$1,264$775$458$262$147$21
43 years$1,221$739$430$242$134$18
44 years$1,180$704$403$224$121$15
45 years$1,141$671$379$207$110$13
46 years$1,103$641$356$191$100$11
47 years$1,067$611$334$176$91$10
48 years$1,033$584$314$163$82$8
49 years$1,001$557$295$151$75$7
50 years$970$532$277$139$68$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $993,000, adding $5,996 every year, while hoping to spend $30,052 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: 33/37/30 Blend
34$993,000$993,000$993,000$993,000
35$1,100,471$1,047,842$1,032,450$1,126,625
36$1,180,744$1,067,211$1,035,062$1,166,504
37$1,268,197$1,086,522$1,036,755$1,206,390
38$1,363,532$1,105,740$1,037,465$1,248,803
39$1,467,520$1,124,829$1,037,127$1,293,989
40$1,581,008$1,143,747$1,035,672$1,342,221
41$1,704,933$1,162,452$1,033,029$1,393,798
42$1,840,321$1,180,897$1,029,120$1,449,053
43$1,988,306$1,199,033$1,023,868$1,508,355
44$2,150,133$1,216,807$1,017,188$1,572,110
45$2,327,177$1,234,160$1,008,994$1,640,768
46$2,520,947$1,251,032$999,193$1,714,827
47$2,733,108$1,267,357$987,691$1,794,836
48$2,965,493$1,283,066$974,387$1,881,405
49$3,220,120$1,298,083$959,175$1,975,205
50$3,499,212$1,312,328$941,947$2,076,980
51$3,805,216$1,325,717$922,587$2,187,552
52$4,140,829$1,338,157$900,974$2,307,828
53$4,509,020$1,349,553$876,983$2,438,811
54$4,913,059$1,359,801$850,481$2,581,610
55$5,356,551$1,368,791$821,332$2,737,451
56$5,843,463$1,376,406$789,391$2,907,686
57$6,378,167$1,382,521$754,506$3,093,809
58$6,965,480$1,387,003$716,521$3,297,473
59$7,610,705$1,389,713$675,271$3,520,501
60$8,319,688$1,390,500$630,584$3,764,907
61$9,098,867$1,389,205$582,279$4,032,915
62$9,955,335$1,385,660$530,169$4,326,981
63$10,896,907$1,379,685$474,058$4,649,816
64$11,932,192$1,371,090$413,739$5,004,414
65$13,070,676$1,359,674$349,000$5,394,081
66$14,322,810$1,345,223$279,616$5,822,463
67$15,700,107$1,327,510$205,354$6,293,589
68$17,215,255$1,306,294$125,970$6,811,903
69$18,882,230$1,281,322$41,209$7,382,311
70$20,716,433$1,252,323$0$8,010,225
71$22,734,835$1,219,012$0$8,717,386
72$24,956,131$1,181,086$0$9,509,722
73$27,400,923$1,138,226$0$10,381,396
74$30,091,910$1,090,092$0$11,340,531
75$33,054,106$1,036,327$0$12,396,083
76$36,315,069$976,552$0$13,557,926
77$39,905,167$910,365$0$14,836,948
78$43,857,864$837,342$0$16,245,151
79$48,210,030$757,036$0$17,795,771
80$53,002,296$668,973$0$19,503,398
81$58,279,430$572,652$0$21,384,117
82$64,090,764$467,545$0$23,455,662
83$70,490,661$353,093$0$25,737,585
84$77,539,019$228,706$0$28,251,439
85$85,301,848$93,761$0$31,020,985
86$93,851,880$0$0$34,072,418
87$103,269,268$0$0$37,455,948
88$113,642,330$0$0$41,225,099
89$125,068,393$0$0$45,377,086
90$137,654,701$0$0$49,950,906
91$151,519,438$0$0$54,989,535
92$166,792,831$0$0$60,540,329
93$183,618,392$0$0$66,655,472
94$202,154,258$0$0$73,392,471
95$222,574,698$0$0$80,814,695
96$245,071,744$0$0$88,991,976
97$269,857,014$0$0$98,001,267
98$297,163,701$0$0$107,927,366
99$327,248,781$0$0$118,863,722
100$360,395,431$0$0$130,913,310