Can I retire at age 35 with 998,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $998,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$82,414$81,680$80,964$80,265$79,582$78,039
2 years$40,799$40,039$39,303$38,589$37,896$36,348
3 years$26,929$26,166$25,431$24,724$24,043$22,538
4 years$19,996$19,235$18,508$17,812$17,148$15,697
5 years$15,837$15,080$14,363$13,682$13,035$11,643
6 years$13,065$12,314$11,607$10,941$10,314$8,983
7 years$11,086$10,341$9,646$8,995$8,388$7,117
8 years$9,602$8,865$8,180$7,546$6,959$5,748
9 years$8,449$7,718$7,046$6,428$5,860$4,709
10 years$7,527$6,803$6,143$5,541$4,993$3,900
11 years$6,773$6,056$5,408$4,822$4,294$3,258
12 years$6,145$5,436$4,799$4,230$3,722$2,741
13 years$5,614$4,913$4,288$3,734$3,245$2,319
14 years$5,159$4,465$3,853$3,315$2,845$1,971
15 years$4,766$4,079$3,478$2,956$2,505$1,681
16 years$4,422$3,743$3,154$2,647$2,214$1,439
17 years$4,118$3,447$2,870$2,378$1,963$1,234
18 years$3,849$3,185$2,620$2,143$1,745$1,062
19 years$3,608$2,952$2,398$1,937$1,556$915
20 years$3,392$2,743$2,201$1,754$1,389$789
21 years$3,196$2,555$2,024$1,592$1,243$682
22 years$3,019$2,385$1,866$1,447$1,115$590
23 years$2,857$2,231$1,723$1,318$1,000$511
24 years$2,709$2,090$1,593$1,202$899$443
25 years$2,573$1,961$1,476$1,098$809$384
26 years$2,448$1,843$1,369$1,004$729$334
27 years$2,332$1,735$1,271$919$657$290
28 years$2,224$1,635$1,181$842$593$252
29 years$2,124$1,542$1,099$772$535$219
30 years$2,031$1,456$1,024$709$484$190
31 years$1,945$1,377$955$651$437$166
32 years$1,863$1,303$891$598$396$144
33 years$1,787$1,234$832$550$358$126
34 years$1,716$1,169$777$506$324$109
35 years$1,648$1,109$727$466$294$95
36 years$1,585$1,053$680$429$266$83
37 years$1,525$1,000$636$395$241$72
38 years$1,469$950$596$364$219$63
39 years$1,415$903$558$336$198$55
40 years$1,364$860$523$310$180$48
41 years$1,316$818$491$286$163$42
42 years$1,271$779$460$264$148$36
43 years$1,227$742$432$244$134$32
44 years$1,186$708$405$225$122$28
45 years$1,146$675$381$208$111$24
46 years$1,109$644$357$192$101$21
47 years$1,073$614$336$177$91$18
48 years$1,039$587$316$164$83$16
49 years$1,006$560$297$151$75$14
50 years$974$535$279$140$68$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $998,000, adding $3,053 every year, while hoping to spend $39,500 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: 38/38/24 Blend
34$998,000$998,000$998,000$998,000
35$1,102,945$1,050,051$1,034,582$1,136,852
36$1,173,418$1,059,476$1,027,213$1,171,248
37$1,249,755$1,068,039$1,018,273$1,204,497
38$1,332,513$1,075,655$1,007,668$1,239,648
39$1,422,303$1,082,237$995,299$1,276,897
40$1,519,800$1,087,688$981,063$1,316,461
41$1,625,742$1,091,907$964,851$1,358,584
42$1,740,944$1,094,787$946,550$1,403,536
43$1,866,302$1,096,214$926,042$1,451,617
44$2,002,802$1,096,065$903,201$1,503,161
45$2,151,529$1,094,213$877,899$1,558,538
46$2,313,675$1,090,520$849,999$1,618,160
47$2,490,555$1,084,840$819,359$1,682,485
48$2,683,614$1,077,020$785,831$1,752,019
49$2,894,445$1,066,897$749,258$1,827,325
50$3,124,800$1,054,296$709,479$1,909,028
51$3,376,606$1,039,033$666,324$1,997,820
52$3,651,989$1,020,915$619,615$2,094,469
53$3,953,287$999,734$569,167$2,199,827
54$4,283,074$975,273$514,785$2,314,836
55$4,644,185$947,300$456,269$2,440,541
56$5,039,744$915,569$393,405$2,578,100
57$5,473,188$879,822$325,974$2,728,795
58$5,948,304$839,784$253,745$2,894,045
59$6,469,262$795,164$176,477$3,075,421
60$7,040,657$745,657$93,919$3,274,663
61$7,667,546$690,937$5,808$3,493,694
62$8,355,505$630,662$0$3,734,644
63$9,110,669$564,467$0$4,022,460
64$9,939,802$491,971$0$4,340,211
65$10,850,352$412,767$0$4,689,364
66$11,850,523$326,428$0$5,073,185
67$12,949,355$232,502$0$5,495,278
68$14,156,806$130,511$0$5,959,622
69$15,483,844$19,951$0$6,470,609
70$16,942,557$0$0$7,033,087
71$18,546,258$0$0$7,694,102
72$20,309,617$0$0$8,430,248
73$22,248,795$0$0$9,239,948
74$24,381,599$0$0$10,130,656
75$26,727,647$0$0$11,110,587
76$29,308,553$0$0$12,188,788
77$32,148,135$0$0$13,375,231
78$35,272,633$0$0$14,680,901
79$38,710,959$0$0$16,117,904
80$42,494,971$0$0$17,699,577
81$46,659,770$0$0$19,440,616
82$51,244,034$0$0$21,357,215
83$56,290,379$0$0$23,467,218
84$61,845,763$0$0$25,790,285
85$67,961,931$0$0$28,348,082
86$74,695,896$0$0$31,164,480
87$82,110,485$0$0$34,265,785
88$90,274,923$0$0$37,680,983
89$99,265,492$0$0$41,442,014
90$109,166,249$0$0$45,584,073
91$120,069,817$0$0$50,145,944
92$132,078,260$0$0$55,170,363
93$145,304,046$0$0$60,704,423
94$159,871,107$0$0$66,800,018
95$175,916,009$0$0$73,514,332
96$193,589,239$0$0$80,910,377
97$213,056,628$0$0$89,057,594
98$234,500,911$0$0$98,032,499
99$258,123,454$0$0$107,919,411
100$284,146,155$0$0$118,811,248