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%17.2%
1 years$82,414$81,680$80,964$80,265$79,582$77,251
2 years$40,799$40,039$39,303$38,589$37,896$35,567
3 years$26,929$26,166$25,431$24,724$24,043$21,788
4 years$19,996$19,235$18,508$17,812$17,148$14,984
5 years$15,837$15,080$14,363$13,682$13,035$10,970
6 years$13,065$12,314$11,607$10,941$10,314$8,348
7 years$11,086$10,341$9,646$8,995$8,388$6,522
8 years$9,602$8,865$8,180$7,546$6,959$5,191
9 years$8,449$7,718$7,046$6,428$5,860$4,189
10 years$7,527$6,803$6,143$5,541$4,993$3,416
11 years$6,773$6,056$5,408$4,822$4,294$2,809
12 years$6,145$5,436$4,799$4,230$3,722$2,324
13 years$5,614$4,913$4,288$3,734$3,245$1,934
14 years$5,159$4,465$3,853$3,315$2,845$1,615
15 years$4,766$4,079$3,478$2,956$2,505$1,354
16 years$4,422$3,743$3,154$2,647$2,214$1,138
17 years$4,118$3,447$2,870$2,378$1,963$959
18 years$3,849$3,185$2,620$2,143$1,745$810
19 years$3,608$2,952$2,398$1,937$1,556$685
20 years$3,392$2,743$2,201$1,754$1,389$580
21 years$3,196$2,555$2,024$1,592$1,243$492
22 years$3,019$2,385$1,866$1,447$1,115$417
23 years$2,857$2,231$1,723$1,318$1,000$354
24 years$2,709$2,090$1,593$1,202$899$301
25 years$2,573$1,961$1,476$1,098$809$256
26 years$2,448$1,843$1,369$1,004$729$218
27 years$2,332$1,735$1,271$919$657$186
28 years$2,224$1,635$1,181$842$593$158
29 years$2,124$1,542$1,099$772$535$135
30 years$2,031$1,456$1,024$709$484$115
31 years$1,945$1,377$955$651$437$98
32 years$1,863$1,303$891$598$396$83
33 years$1,787$1,234$832$550$358$71
34 years$1,716$1,169$777$506$324$61
35 years$1,648$1,109$727$466$294$52
36 years$1,585$1,053$680$429$266$44
37 years$1,525$1,000$636$395$241$38
38 years$1,469$950$596$364$219$32
39 years$1,415$903$558$336$198$27
40 years$1,364$860$523$310$180$23
41 years$1,316$818$491$286$163$20
42 years$1,271$779$460$264$148$17
43 years$1,227$742$432$244$134$14
44 years$1,186$708$405$225$122$12
45 years$1,146$675$381$208$111$11
46 years$1,109$644$357$192$101$9
47 years$1,073$614$336$177$91$8
48 years$1,039$587$316$164$83$7
49 years$1,006$560$297$151$75$6
50 years$974$535$279$140$68$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $998,000, adding $4,855 every year, while hoping to spend $50,181 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: 51/22/27 Blend
34$998,000$998,000$998,000$998,000
35$1,104,804$1,051,910$1,036,441$1,152,536
36$1,164,102$1,050,061$1,017,770$1,184,421
37$1,227,766$1,046,440$996,791$1,213,633
38$1,296,189$1,040,907$973,374$1,244,402
39$1,369,802$1,033,313$947,384$1,276,897
40$1,449,078$1,023,501$918,677$1,311,309
41$1,534,536$1,011,305$887,105$1,347,850
42$1,626,746$996,546$852,510$1,386,756
43$1,726,336$979,039$814,732$1,428,291
44$1,833,995$958,584$773,597$1,472,749
45$1,950,479$934,972$728,930$1,520,456
46$2,076,622$907,979$680,543$1,571,779
47$2,213,337$877,370$628,241$1,627,122
48$2,361,632$842,896$571,821$1,686,937
49$2,522,613$804,292$511,072$1,751,726
50$2,697,496$761,279$445,770$1,822,046
51$2,887,622$713,563$375,684$1,898,518
52$3,094,462$660,830$300,572$1,981,830
53$3,319,638$602,752$220,182$2,072,746
54$3,564,932$538,977$134,249$2,172,113
55$3,832,307$469,139$42,498$2,280,875
56$4,123,922$392,846$0$2,400,073
57$4,442,154$309,688$0$2,546,831
58$4,789,621$219,230$0$2,720,569
59$5,169,201$121,011$0$2,910,545
60$5,584,067$14,548$0$3,118,427
61$6,037,708$0$0$3,346,058
62$6,533,969$0$0$3,619,845
63$7,077,082$0$0$3,923,436
64$7,671,706$0$0$4,255,925
65$8,322,974$0$0$4,620,195
66$9,036,538$0$0$5,019,421
67$9,818,620$0$0$5,457,099
68$10,676,076$0$0$5,937,080
69$11,616,455$0$0$6,463,604
70$12,648,072$0$0$7,041,344
71$13,780,087$0$0$7,675,445
72$15,022,587$0$0$8,371,574
73$16,386,686$0$0$9,135,975
74$17,884,624$0$0$9,975,525
75$19,529,887$0$0$10,897,802
76$21,337,328$0$0$11,911,151
77$23,323,314$0$0$13,024,768
78$25,505,872$0$0$14,248,782
79$27,904,864$0$0$15,594,354
80$30,542,171$0$0$17,073,778
81$33,441,900$0$0$18,700,600
82$36,630,611$0$0$20,489,746
83$40,137,566$0$0$22,457,657
84$43,995,005$0$0$24,622,450
85$48,238,451$0$0$27,004,087
86$52,907,040$0$0$29,624,561
87$58,043,896$0$0$32,508,104
88$63,696,532$0$0$35,681,416
89$69,917,300$0$0$39,173,916
90$76,763,883$0$0$43,018,021
91$84,299,841$0$0$47,249,449
92$92,595,207$0$0$51,907,555
93$101,727,149$0$0$57,035,705
94$111,780,696$0$0$62,681,685
95$122,849,543$0$0$68,898,148
96$135,036,930$0$0$75,743,111
97$148,456,617$0$0$83,280,508
98$163,233,959$0$0$91,580,785
99$179,507,085$0$0$100,721,568
100$197,428,202$0$0$110,788,397