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%19.5%
1 years$82,414$81,680$80,964$80,265$79,582$76,545
2 years$40,799$40,039$39,303$38,589$37,896$34,873
3 years$26,929$26,166$25,431$24,724$24,043$21,127
4 years$19,996$19,235$18,508$17,812$17,148$14,363
5 years$15,837$15,080$14,363$13,682$13,035$10,388
6 years$13,065$12,314$11,607$10,941$10,314$7,806
7 years$11,086$10,341$9,646$8,995$8,388$6,019
8 years$9,602$8,865$8,180$7,546$6,959$4,726
9 years$8,449$7,718$7,046$6,428$5,860$3,760
10 years$7,527$6,803$6,143$5,541$4,993$3,022
11 years$6,773$6,056$5,408$4,822$4,294$2,448
12 years$6,145$5,436$4,799$4,230$3,722$1,995
13 years$5,614$4,913$4,288$3,734$3,245$1,634
14 years$5,159$4,465$3,853$3,315$2,845$1,343
15 years$4,766$4,079$3,478$2,956$2,505$1,108
16 years$4,422$3,743$3,154$2,647$2,214$916
17 years$4,118$3,447$2,870$2,378$1,963$759
18 years$3,849$3,185$2,620$2,143$1,745$630
19 years$3,608$2,952$2,398$1,937$1,556$524
20 years$3,392$2,743$2,201$1,754$1,389$436
21 years$3,196$2,555$2,024$1,592$1,243$363
22 years$3,019$2,385$1,866$1,447$1,115$302
23 years$2,857$2,231$1,723$1,318$1,000$252
24 years$2,709$2,090$1,593$1,202$899$210
25 years$2,573$1,961$1,476$1,098$809$176
26 years$2,448$1,843$1,369$1,004$729$147
27 years$2,332$1,735$1,271$919$657$123
28 years$2,224$1,635$1,181$842$593$102
29 years$2,124$1,542$1,099$772$535$86
30 years$2,031$1,456$1,024$709$484$72
31 years$1,945$1,377$955$651$437$60
32 years$1,863$1,303$891$598$396$50
33 years$1,787$1,234$832$550$358$42
34 years$1,716$1,169$777$506$324$35
35 years$1,648$1,109$727$466$294$29
36 years$1,585$1,053$680$429$266$25
37 years$1,525$1,000$636$395$241$21
38 years$1,469$950$596$364$219$17
39 years$1,415$903$558$336$198$14
40 years$1,364$860$523$310$180$12
41 years$1,316$818$491$286$163$10
42 years$1,271$779$460$264$148$8
43 years$1,227$742$432$244$134$7
44 years$1,186$708$405$225$122$6
45 years$1,146$675$381$208$111$5
46 years$1,109$644$357$192$101$4
47 years$1,073$614$336$177$91$3
48 years$1,039$587$316$164$83$3
49 years$1,006$560$297$151$75$2
50 years$974$535$279$140$68$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $998,000, adding $3,537 every year, while hoping to spend $56,683 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: 34/48/18 Blend
34$998,000$998,000$998,000$998,000
35$1,103,444$1,050,550$1,035,081$1,134,734
36$1,155,685$1,041,717$1,009,446$1,149,199
37$1,211,355$1,030,551$981,053$1,159,275
38$1,270,744$1,016,879$949,748$1,168,944
39$1,334,169$1,000,515$915,374$1,178,204
40$1,401,978$981,264$877,763$1,187,055
41$1,474,553$958,919$836,741$1,195,503
42$1,552,312$933,261$792,127$1,203,561
43$1,635,715$904,057$743,730$1,211,249
44$1,725,264$871,062$691,351$1,218,596
45$1,821,512$834,015$634,782$1,225,637
46$1,925,066$792,642$573,808$1,232,423
47$2,036,592$746,651$508,199$1,239,013
48$2,156,822$695,734$437,721$1,245,484
49$2,286,558$639,566$362,126$1,251,925
50$2,426,685$577,802$281,155$1,258,448
51$2,578,172$510,079$194,538$1,265,183
52$2,742,085$436,013$101,995$1,272,283
53$2,919,597$355,197$3,231$1,279,928
54$3,111,997$267,203$0$1,288,329
55$3,320,701$171,576$0$1,317,350
56$3,547,269$67,840$0$1,349,590
57$3,793,414$0$0$1,384,814
58$4,061,022$0$0$1,446,970
59$4,352,167$0$0$1,553,706
60$4,669,132$0$0$1,670,042
61$5,014,429$0$0$1,796,917
62$5,390,820$0$0$1,935,364
63$5,801,349$0$0$2,086,520
64$6,249,362$0$0$2,251,637
65$6,738,546$0$0$2,432,094
66$7,272,956$0$0$2,629,406
67$7,857,059$0$0$2,845,246
68$8,495,772$0$0$3,081,452
69$9,194,508$0$0$3,340,049
70$9,959,229$0$0$3,623,269
71$10,796,497$0$0$3,933,567
72$11,713,543$0$0$4,273,648
73$12,718,324$0$0$4,646,491
74$13,819,609$0$0$5,055,378
75$15,027,051$0$0$5,503,922
76$16,351,284$0$0$5,996,103
77$17,804,020$0$0$6,536,307
78$19,398,160$0$0$7,129,363
79$21,147,913$0$0$7,780,590
80$23,068,932$0$0$8,495,849
81$25,178,458$0$0$9,281,597
82$27,495,486$0$0$10,144,944
83$30,040,939$0$0$11,093,727
84$32,837,867$0$0$12,136,577
85$35,911,663$0$0$13,283,002
86$39,290,303$0$0$14,543,481
87$43,004,607$0$0$15,929,556
88$47,088,531$0$0$17,453,943
89$51,579,485$0$0$19,130,654
90$56,518,686$0$0$20,975,127
91$61,951,545$0$0$23,004,370
92$67,928,097$0$0$25,237,123
93$74,503,468$0$0$27,694,037
94$81,738,398$0$0$30,397,861
95$89,699,811$0$0$33,373,665
96$98,461,448$0$0$36,649,071
97$108,104,557$0$0$40,254,514
98$118,718,665$0$0$44,223,530
99$130,402,417$0$0$48,593,071
100$143,264,506$0$0$53,403,856