Can I retire at age 35 with 998,000?

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 $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%18.5%
1 years$82,414$81,680$80,964$80,265$79,582$76,850
2 years$40,799$40,039$39,303$38,589$37,896$35,172
3 years$26,929$26,166$25,431$24,724$24,043$21,411
4 years$19,996$19,235$18,508$17,812$17,148$14,629
5 years$15,837$15,080$14,363$13,682$13,035$10,637
6 years$13,065$12,314$11,607$10,941$10,314$8,037
7 years$11,086$10,341$9,646$8,995$8,388$6,232
8 years$9,602$8,865$8,180$7,546$6,959$4,923
9 years$8,449$7,718$7,046$6,428$5,860$3,941
10 years$7,527$6,803$6,143$5,541$4,993$3,188
11 years$6,773$6,056$5,408$4,822$4,294$2,599
12 years$6,145$5,436$4,799$4,230$3,722$2,133
13 years$5,614$4,913$4,288$3,734$3,245$1,758
14 years$5,159$4,465$3,853$3,315$2,845$1,456
15 years$4,766$4,079$3,478$2,956$2,505$1,209
16 years$4,422$3,743$3,154$2,647$2,214$1,007
17 years$4,118$3,447$2,870$2,378$1,963$841
18 years$3,849$3,185$2,620$2,143$1,745$703
19 years$3,608$2,952$2,398$1,937$1,556$589
20 years$3,392$2,743$2,201$1,754$1,389$493
21 years$3,196$2,555$2,024$1,592$1,243$414
22 years$3,019$2,385$1,866$1,447$1,115$348
23 years$2,857$2,231$1,723$1,318$1,000$293
24 years$2,709$2,090$1,593$1,202$899$246
25 years$2,573$1,961$1,476$1,098$809$207
26 years$2,448$1,843$1,369$1,004$729$174
27 years$2,332$1,735$1,271$919$657$147
28 years$2,224$1,635$1,181$842$593$124
29 years$2,124$1,542$1,099$772$535$104
30 years$2,031$1,456$1,024$709$484$88
31 years$1,945$1,377$955$651$437$74
32 years$1,863$1,303$891$598$396$62
33 years$1,787$1,234$832$550$358$53
34 years$1,716$1,169$777$506$324$44
35 years$1,648$1,109$727$466$294$37
36 years$1,585$1,053$680$429$266$32
37 years$1,525$1,000$636$395$241$27
38 years$1,469$950$596$364$219$23
39 years$1,415$903$558$336$198$19
40 years$1,364$860$523$310$180$16
41 years$1,316$818$491$286$163$14
42 years$1,271$779$460$264$148$11
43 years$1,227$742$432$244$134$10
44 years$1,186$708$405$225$122$8
45 years$1,146$675$381$208$111$7
46 years$1,109$644$357$192$101$6
47 years$1,073$614$336$177$91$5
48 years$1,039$587$316$164$83$4
49 years$1,006$560$297$151$75$3
50 years$974$535$279$140$68$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $998,000, adding $4,832 every year, while hoping to spend $20,784 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: 50/43/7 Blend
34$998,000$998,000$998,000$998,000
35$1,104,780$1,051,886$1,036,417$1,157,817
36$1,195,354$1,081,315$1,049,023$1,223,926
37$1,294,469$1,111,488$1,061,355$1,293,093
38$1,402,976$1,142,422$1,073,381$1,367,757
39$1,521,809$1,174,131$1,085,069$1,448,437
40$1,651,999$1,206,628$1,096,384$1,535,706
41$1,794,679$1,239,930$1,107,289$1,630,192
42$1,951,100$1,274,049$1,117,747$1,732,587
43$2,122,636$1,309,002$1,127,715$1,843,653
44$2,310,804$1,344,801$1,137,152$1,964,229
45$2,517,271$1,381,462$1,146,013$2,095,237
46$2,743,878$1,418,999$1,154,249$2,237,693
47$2,992,649$1,457,425$1,161,812$2,392,716
48$3,265,814$1,496,754$1,168,648$2,561,538
49$3,565,832$1,537,000$1,174,702$2,745,514
50$3,895,409$1,578,175$1,179,917$2,946,139
51$4,257,527$1,620,292$1,184,231$3,165,056
52$4,655,472$1,663,364$1,187,580$3,404,077
53$5,092,864$1,707,402$1,189,897$3,665,197
54$5,573,689$1,752,418$1,191,112$3,950,613
55$6,102,341$1,798,422$1,191,150$4,262,745
56$6,683,660$1,845,425$1,189,934$4,604,258
57$7,322,978$1,893,436$1,187,381$4,978,091
58$8,026,171$1,942,463$1,183,407$5,387,476
59$8,799,711$1,992,514$1,177,922$5,835,979
60$9,650,730$2,043,596$1,170,831$6,327,525
61$10,587,088$2,095,715$1,162,037$6,866,440
62$11,617,441$2,148,875$1,151,435$7,457,489
63$12,751,329$2,203,080$1,138,918$8,105,923
64$13,999,266$2,258,332$1,124,372$8,817,525
65$15,372,831$2,314,630$1,107,679$9,598,671
66$16,884,788$2,371,975$1,088,715$10,456,381
67$18,549,198$2,430,364$1,067,348$11,398,394
68$20,381,557$2,489,792$1,043,445$12,433,236
69$22,398,936$2,550,253$1,016,861$13,570,301
70$24,620,150$2,611,737$987,448$14,819,940
71$27,065,928$2,674,235$955,050$16,193,559
72$29,759,113$2,737,733$919,504$17,703,728
73$32,724,875$2,802,214$880,641$19,364,295
74$35,990,950$2,867,661$838,280$21,190,523
75$39,587,902$2,934,051$792,237$23,199,227
76$43,549,407$3,001,359$742,316$25,408,939
77$47,912,578$3,069,557$688,315$27,840,081
78$52,718,308$3,138,612$630,020$30,515,154
79$58,011,659$3,208,488$567,210$33,458,956
80$63,842,289$3,279,144$499,652$36,698,813
81$70,264,917$3,350,536$427,105$40,264,838
82$77,339,840$3,422,614$349,314$44,190,215
83$85,133,504$3,495,323$266,017$48,511,510
84$93,719,129$3,568,601$176,936$53,269,022
85$103,177,401$3,642,384$81,785$58,507,157
86$113,597,234$3,716,598$0$64,274,852
87$125,076,604$3,791,164$0$70,627,512
88$137,723,483$3,865,997$0$77,629,704
89$151,656,849$3,941,001$0$85,340,828
90$167,007,814$4,016,077$0$93,833,082
91$183,920,859$4,091,113$0$103,186,024
92$202,555,200$4,165,990$0$113,487,328
93$223,086,288$4,240,581$0$124,833,611
94$245,707,465$4,314,746$0$137,331,342
95$270,631,794$4,388,335$0$151,097,850
96$298,094,063$4,461,189$0$166,262,432
97$328,353,004$4,533,135$0$182,967,570
98$361,693,738$4,603,986$0$201,370,283
99$398,430,462$4,673,544$0$221,643,603
100$438,909,416$4,741,594$0$243,978,212