Can I retire at age 35 with 994,000?

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 $994,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$82,084$81,352$80,639$79,943$79,263$77,886
2 years$40,635$39,879$39,145$38,434$37,744$36,361
3 years$26,821$26,061$25,330$24,625$23,947$22,601
4 years$19,915$19,158$18,433$17,741$17,079$15,781
5 years$15,773$15,020$14,305$13,627$12,983$11,736
6 years$13,012$12,265$11,561$10,897$10,273$9,079
7 years$11,041$10,300$9,607$8,959$8,355$7,214
8 years$9,564$8,829$8,147$7,516$6,931$5,843
9 years$8,415$7,687$7,017$6,402$5,837$4,801
10 years$7,496$6,776$6,118$5,518$4,973$3,989
11 years$6,745$6,032$5,386$4,803$4,277$3,343
12 years$6,120$5,414$4,780$4,213$3,707$2,821
13 years$5,591$4,893$4,271$3,719$3,232$2,394
14 years$5,139$4,447$3,837$3,301$2,833$2,042
15 years$4,747$4,063$3,464$2,944$2,495$1,748
16 years$4,404$3,728$3,141$2,636$2,205$1,501
17 years$4,102$3,433$2,858$2,369$1,955$1,292
18 years$3,833$3,172$2,609$2,135$1,738$1,116
19 years$3,594$2,940$2,389$1,929$1,549$965
20 years$3,378$2,732$2,192$1,747$1,384$836
21 years$3,184$2,545$2,016$1,585$1,238$725
22 years$3,007$2,375$1,858$1,442$1,110$630
23 years$2,846$2,222$1,716$1,313$996$548
24 years$2,698$2,082$1,587$1,197$896$477
25 years$2,563$1,953$1,470$1,094$806$415
26 years$2,438$1,836$1,363$1,000$726$362
27 years$2,322$1,728$1,266$915$655$315
28 years$2,215$1,628$1,177$839$591$275
29 years$2,116$1,536$1,095$769$533$240
30 years$2,023$1,451$1,020$706$482$210
31 years$1,937$1,371$951$648$436$183
32 years$1,856$1,297$887$596$394$160
33 years$1,780$1,229$828$548$357$140
34 years$1,709$1,165$774$504$323$122
35 years$1,642$1,105$724$464$292$107
36 years$1,579$1,048$677$427$265$94
37 years$1,519$996$634$394$240$82
38 years$1,463$946$593$363$218$72
39 years$1,409$900$556$335$197$63
40 years$1,359$856$521$309$179$55
41 years$1,311$815$489$285$162$48
42 years$1,266$776$458$263$147$42
43 years$1,222$739$430$243$134$37
44 years$1,181$705$404$224$121$32
45 years$1,142$672$379$207$110$28
46 years$1,104$641$356$191$100$25
47 years$1,069$612$334$177$91$22
48 years$1,034$584$314$163$83$19
49 years$1,002$558$295$151$75$17
50 years$970$533$278$139$68$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $994,000, adding $3,981 every year, while hoping to spend $47,945 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: 51/36/13 Blend
34$994,000$994,000$994,000$994,000
35$1,099,494$1,046,812$1,031,405$1,151,527
36$1,160,630$1,047,093$1,014,944$1,187,860
37$1,226,394$1,045,781$996,325$1,221,942
38$1,297,209$1,042,746$975,424$1,257,910
39$1,373,537$1,037,854$952,114$1,295,955
40$1,455,886$1,030,958$926,259$1,336,290
41$1,544,817$1,021,904$897,718$1,379,152
42$1,640,942$1,010,531$866,345$1,424,805
43$1,744,936$996,665$831,986$1,473,542
44$1,857,540$980,123$794,479$1,525,690
45$1,979,571$960,711$753,656$1,581,611
46$2,111,925$938,224$709,341$1,641,707
47$2,255,588$912,443$661,350$1,706,427
48$2,411,644$883,139$609,492$1,776,267
49$2,581,287$850,068$553,564$1,851,779
50$2,765,828$812,971$493,359$1,933,575
51$2,966,712$771,576$428,656$2,022,334
52$3,185,527$725,593$359,226$2,118,809
53$3,424,022$674,719$284,831$2,223,835
54$3,684,121$618,629$205,222$2,338,340
55$3,967,941$556,982$120,137$2,463,348
56$4,277,815$489,417$29,305$2,599,999
57$4,616,308$415,555$0$2,749,553
58$4,986,245$334,990$0$2,922,785
59$5,390,736$247,299$0$3,116,810
60$5,833,206$152,032$0$3,329,312
61$6,317,426$48,714$0$3,562,232
62$6,847,547$0$0$3,817,714
63$7,428,141$0$0$4,123,145
64$8,064,243$0$0$4,479,021
65$8,761,398$0$0$4,869,159
66$9,525,713$0$0$5,296,989
67$10,363,913$0$0$5,766,290
68$11,283,407$0$0$6,281,224
69$12,292,355$0$0$6,846,374
70$13,399,743$0$0$7,466,789
71$14,615,472$0$0$8,148,033
72$15,950,448$0$0$8,896,232
73$17,416,684$0$0$9,718,137
74$19,027,413$0$0$10,621,181
75$20,797,215$0$0$11,613,558
76$22,742,150$0$0$12,704,292
77$24,879,912$0$0$13,903,324
78$27,229,996$0$0$15,221,607
79$29,813,876$0$0$16,671,211
80$32,655,214$0$0$18,265,429
81$35,780,079$0$0$20,018,911
82$39,217,193$0$0$21,947,796
83$42,998,199$0$0$24,069,866
84$47,157,965$0$0$26,404,714
85$51,734,907$0$0$28,973,928
86$56,771,352$0$0$31,801,294
87$62,313,938$0$0$34,913,020
88$68,414,053$0$0$38,337,984
89$75,128,318$0$0$42,108,005
90$82,519,124$0$0$46,258,143
91$90,655,214$0$0$50,827,033
92$99,612,339$0$0$55,857,241
93$109,473,965$0$0$61,395,675
94$120,332,064$0$0$67,494,021
95$132,287,979$0$0$74,209,232
96$145,453,382$0$0$81,604,065
97$159,951,324$0$0$89,747,674
98$175,917,400$0$0$98,716,260
99$193,501,024$0$0$108,593,794
100$212,866,839$0$0$119,472,804