Can I retire at age 35 with 694,000?

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 $694,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$57,310$56,799$56,301$55,815$55,341$53,398
2 years$28,371$27,843$27,331$26,834$26,353$24,416
3 years$18,726$18,196$17,685$17,193$16,719$14,849
4 years$13,905$13,376$12,870$12,387$11,924$10,136
5 years$11,013$10,487$9,988$9,514$9,065$7,362
6 years$9,085$8,563$8,072$7,608$7,173$5,557
7 years$7,709$7,191$6,707$6,255$5,833$4,304
8 years$6,677$6,164$5,688$5,247$4,839$3,395
9 years$5,875$5,367$4,899$4,470$4,075$2,715
10 years$5,234$4,731$4,271$3,853$3,472$2,193
11 years$4,710$4,212$3,761$3,353$2,986$1,786
12 years$4,273$3,780$3,337$2,941$2,588$1,463
13 years$3,904$3,416$2,982$2,597$2,257$1,205
14 years$3,588$3,105$2,679$2,305$1,978$996
15 years$3,314$2,837$2,419$2,056$1,742$826
16 years$3,075$2,603$2,193$1,841$1,539$687
17 years$2,864$2,397$1,996$1,654$1,365$573
18 years$2,676$2,215$1,822$1,490$1,214$478
19 years$2,509$2,053$1,668$1,347$1,082$400
20 years$2,359$1,907$1,531$1,220$966$335
21 years$2,223$1,777$1,408$1,107$865$281
22 years$2,099$1,658$1,297$1,006$775$235
23 years$1,987$1,551$1,198$917$696$197
24 years$1,884$1,453$1,108$836$625$166
25 years$1,789$1,364$1,026$763$563$139
26 years$1,702$1,282$952$698$507$117
27 years$1,621$1,206$884$639$457$99
28 years$1,547$1,137$822$585$412$83
29 years$1,477$1,072$765$537$372$70
30 years$1,413$1,013$712$493$336$59
31 years$1,352$957$664$453$304$49
32 years$1,296$906$619$416$275$42
33 years$1,243$858$578$382$249$35
34 years$1,193$813$540$352$225$29
35 years$1,146$771$505$324$204$25
36 years$1,102$732$473$298$185$21
37 years$1,061$695$442$275$168$18
38 years$1,021$661$414$253$152$15
39 years$984$628$388$234$138$12
40 years$949$598$364$215$125$11
41 years$915$569$341$199$113$9
42 years$884$542$320$183$103$7
43 years$853$516$300$169$93$6
44 years$825$492$282$156$85$5
45 years$797$469$265$144$77$4
46 years$771$448$249$133$70$4
47 years$746$427$234$123$63$3
48 years$722$408$219$114$58$3
49 years$699$389$206$105$52$2
50 years$678$372$194$97$48$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $694,000, adding $4,514 every year, while hoping to spend $22,743 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: 48/43/9 Blend
34$694,000$694,000$694,000$694,000
35$769,444$732,662$721,905$804,295
36$823,729$744,364$721,891$840,394
37$882,789$755,877$721,113$876,811
38$947,086$767,169$719,524$915,825
39$1,017,131$778,202$717,070$957,684
40$1,093,484$788,939$713,697$1,002,662
41$1,176,762$799,340$709,349$1,051,063
42$1,267,644$809,360$703,964$1,103,220
43$1,366,879$818,953$697,482$1,159,502
44$1,475,287$828,069$689,834$1,220,315
45$1,593,777$836,655$680,954$1,286,110
46$1,723,345$844,654$670,769$1,357,380
47$1,865,090$852,005$659,203$1,434,674
48$2,020,220$858,644$646,177$1,518,593
49$2,190,067$864,503$631,609$1,609,804
50$2,376,099$869,508$615,413$1,709,041
51$2,579,928$873,582$597,497$1,817,116
52$2,803,335$876,641$577,767$1,934,923
53$3,048,277$878,599$556,124$2,063,449
54$3,316,912$879,360$532,465$2,203,783
55$3,611,615$878,827$506,681$2,357,128
56$3,935,005$876,894$478,659$2,524,810
57$4,289,962$873,449$448,281$2,708,292
58$4,679,663$868,373$415,423$2,909,189
59$5,107,606$861,540$379,957$3,129,283
60$5,577,643$852,817$341,747$3,370,538
61$6,094,019$842,062$300,652$3,635,124
62$6,661,411$829,124$256,525$3,925,432
63$7,284,969$813,846$209,213$4,244,102
64$7,970,369$796,058$158,555$4,594,044
65$8,723,863$775,581$104,384$4,978,470
66$9,552,341$752,228$46,524$5,400,923
67$10,463,390$725,797$0$5,865,309
68$11,465,372$696,078$0$6,377,400
69$12,567,501$662,846$0$6,945,350
70$13,779,925$625,865$0$7,569,951
71$15,113,828$584,884$0$8,257,003
72$16,581,533$539,637$0$9,012,906
73$18,196,615$489,845$0$9,844,714
74$19,974,035$435,213$0$10,760,207
75$21,930,274$375,426$0$11,767,961
76$24,083,495$310,154$0$12,877,436
77$26,453,709$239,049$0$14,099,058
78$29,062,966$161,741$0$15,444,325
79$31,935,563$77,841$0$16,925,913
80$35,098,272$0$0$18,557,798
81$38,580,594$0$0$20,361,570
82$42,415,036$0$0$22,388,386
83$46,637,416$0$0$24,620,361
84$51,287,204$0$0$27,078,371
85$56,407,893$0$0$29,785,419
86$62,047,408$0$0$32,766,856
87$68,258,559$0$0$36,050,614
88$75,099,541$0$0$39,667,473
89$82,634,480$0$0$43,651,353
90$90,934,038$0$0$48,039,630
91$100,076,082$0$0$52,873,489
92$110,146,418$0$0$58,198,317
93$121,239,600$0$0$64,064,127
94$133,459,821$0$0$70,526,032
95$146,921,899$0$0$77,644,763
96$161,752,357$0$0$85,487,245
97$178,090,622$0$0$94,127,225
98$196,090,334$0$0$103,645,972
99$215,920,804$0$0$114,133,041
100$237,768,602$0$0$125,687,119