Can I retire at age 35 with 389,000?

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 $389,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$32,123$31,837$31,558$31,285$31,019$29,812
2 years$15,903$15,606$15,319$15,041$14,771$13,570
3 years$10,496$10,199$9,913$9,637$9,371$8,213
4 years$7,794$7,497$7,214$6,943$6,684$5,578
5 years$6,173$5,878$5,598$5,333$5,081$4,030
6 years$5,092$4,800$4,524$4,265$4,020$3,025
7 years$4,321$4,031$3,760$3,506$3,270$2,330
8 years$3,743$3,455$3,188$2,941$2,712$1,827
9 years$3,293$3,008$2,746$2,505$2,284$1,452
10 years$2,934$2,652$2,394$2,160$1,946$1,166
11 years$2,640$2,361$2,108$1,880$1,674$943
12 years$2,395$2,119$1,871$1,649$1,451$767
13 years$2,188$1,915$1,671$1,455$1,265$628
14 years$2,011$1,741$1,502$1,292$1,109$515
15 years$1,858$1,590$1,356$1,152$976$424
16 years$1,723$1,459$1,229$1,032$863$350
17 years$1,605$1,343$1,119$927$765$290
18 years$1,500$1,241$1,021$835$680$240
19 years$1,406$1,151$935$755$606$199
20 years$1,322$1,069$858$684$542$166
21 years$1,246$996$789$620$485$138
22 years$1,177$930$727$564$434$115
23 years$1,114$869$672$514$390$95
24 years$1,056$815$621$469$351$80
25 years$1,003$764$575$428$315$66
26 years$954$718$533$391$284$55
27 years$909$676$495$358$256$46
28 years$867$637$461$328$231$38
29 years$828$601$429$301$209$32
30 years$792$568$399$276$189$27
31 years$758$537$372$254$170$22
32 years$726$508$347$233$154$19
33 years$697$481$324$214$140$16
34 years$669$456$303$197$126$13
35 years$643$432$283$182$114$11
36 years$618$410$265$167$104$9
37 years$594$390$248$154$94$8
38 years$572$370$232$142$85$6
39 years$552$352$218$131$77$5
40 years$532$335$204$121$70$4
41 years$513$319$191$111$64$4
42 years$495$304$179$103$58$3
43 years$478$289$168$95$52$3
44 years$462$276$158$88$48$2
45 years$447$263$148$81$43$2
46 years$432$251$139$75$39$2
47 years$418$239$131$69$36$1
48 years$405$229$123$64$32$1
49 years$392$218$116$59$29$1
50 years$380$209$109$55$27$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $389,000, adding $6,675 every year, while hoping to spend $22,646 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: 33/45/22 Blend
34$389,000$389,000$389,000$389,000
35$435,563$414,946$408,917$446,813
36$455,896$411,183$398,520$452,022
37$477,543$406,477$387,017$455,105
38$500,615$400,758$374,345$457,963
39$525,233$393,950$360,440$460,592
40$551,529$385,976$345,238$462,986
41$579,648$376,752$328,666$465,144
42$609,749$366,190$310,653$467,065
43$642,006$354,195$291,123$468,751
44$676,610$340,671$269,995$470,206
45$713,771$325,510$247,186$471,439
46$753,720$308,604$222,611$472,462
47$796,707$289,834$196,177$473,289
48$843,012$269,076$167,789$473,943
49$892,939$246,201$137,350$474,449
50$946,823$221,068$104,755$474,841
51$1,005,031$193,533$69,896$475,159
52$1,067,968$163,439$32,661$475,451
53$1,136,077$130,625$0$475,775
54$1,209,848$94,916$0$477,860
55$1,289,817$56,131$0$488,416
56$1,376,574$14,078$0$499,890
57$1,470,770$0$0$512,423
58$1,573,117$0$0$541,745
59$1,684,403$0$0$581,259
60$1,805,490$0$0$624,309
61$1,937,331$0$0$671,237
62$2,080,972$0$0$722,425
63$2,237,564$0$0$778,289
64$2,408,375$0$0$839,290
65$2,594,799$0$0$905,935
66$2,798,374$0$0$978,779
67$3,020,788$0$0$1,058,438
68$3,263,904$0$0$1,145,586
69$3,529,770$0$0$1,240,968
70$3,820,641$0$0$1,345,402
71$4,139,004$0$0$1,459,791
72$4,487,591$0$0$1,585,129
73$4,869,417$0$0$1,722,508
74$5,287,798$0$0$1,873,135
75$5,746,387$0$0$2,038,336
76$6,249,208$0$0$2,219,573
77$6,800,692$0$0$2,418,456
78$7,405,721$0$0$2,636,758
79$8,069,671$0$0$2,876,434
80$8,798,464$0$0$3,139,633
81$9,598,622$0$0$3,428,729
82$10,477,332$0$0$3,746,330
83$11,442,510$0$0$4,095,315
84$12,502,875$0$0$4,478,853
85$13,668,034$0$0$4,900,434
86$14,948,570$0$0$5,363,906
87$16,356,142$0$0$5,873,507
88$17,903,595$0$0$6,433,905
89$19,605,081$0$0$7,050,244
90$21,476,191$0$0$7,728,193
91$23,534,103$0$0$8,473,995
92$25,797,743$0$0$9,294,532
93$28,287,965$0$0$10,197,383
94$31,027,743$0$0$11,190,901
95$34,042,391$0$0$12,284,290
96$37,359,804$0$0$13,487,690
97$41,010,712$0$0$14,812,274
98$45,028,980$0$0$16,270,354
99$49,451,920$0$0$17,875,497
100$54,320,643$0$0$19,642,649