Can I retire at age 35 with 695,000?

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 $695,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$57,392$56,881$56,382$55,896$55,420$53,884
2 years$28,412$27,883$27,370$26,873$26,391$24,854
3 years$18,753$18,222$17,710$17,218$16,743$15,255
4 years$13,925$13,395$12,889$12,404$11,941$10,513
5 years$11,028$10,502$10,002$9,528$9,078$7,712
6 years$9,098$8,576$8,083$7,619$7,183$5,882
7 years$7,720$7,202$6,717$6,264$5,842$4,606
8 years$6,687$6,173$5,697$5,255$4,846$3,674
9 years$5,884$5,375$4,907$4,476$4,081$2,972
10 years$5,241$4,738$4,278$3,858$3,477$2,430
11 years$4,716$4,218$3,766$3,358$2,991$2,003
12 years$4,279$3,786$3,342$2,945$2,592$1,662
13 years$3,909$3,421$2,986$2,600$2,260$1,386
14 years$3,593$3,110$2,683$2,308$1,981$1,161
15 years$3,319$2,841$2,422$2,059$1,744$976
16 years$3,079$2,606$2,196$1,843$1,542$823
17 years$2,868$2,400$1,998$1,656$1,367$696
18 years$2,680$2,218$1,824$1,493$1,215$589
19 years$2,513$2,056$1,670$1,349$1,083$500
20 years$2,362$1,910$1,533$1,221$968$424
21 years$2,226$1,779$1,410$1,109$866$361
22 years$2,102$1,661$1,299$1,008$776$307
23 years$1,990$1,553$1,200$918$697$262
24 years$1,887$1,455$1,110$837$626$223
25 years$1,792$1,366$1,028$765$564$190
26 years$1,705$1,284$953$699$508$163
27 years$1,624$1,208$885$640$458$139
28 years$1,549$1,138$823$586$413$119
29 years$1,479$1,074$766$538$373$101
30 years$1,415$1,014$713$493$337$87
31 years$1,354$959$665$453$305$74
32 years$1,298$907$620$416$276$63
33 years$1,245$859$579$383$249$54
34 years$1,195$814$541$352$226$46
35 years$1,148$772$506$324$204$40
36 years$1,104$733$473$299$185$34
37 years$1,062$696$443$275$168$29
38 years$1,023$662$415$254$152$25
39 years$985$629$389$234$138$21
40 years$950$599$364$216$125$18
41 years$917$570$342$199$114$16
42 years$885$543$320$184$103$13
43 years$855$517$301$170$94$11
44 years$826$493$282$157$85$10
45 years$798$470$265$145$77$8
46 years$772$448$249$134$70$7
47 years$747$428$234$123$64$6
48 years$723$408$220$114$58$5
49 years$700$390$207$105$52$4
50 years$679$373$194$97$48$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $695,000, adding $4,657 every year, while hoping to spend $58,313 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: 39/44/17 Blend
34$695,000$695,000$695,000$695,000
35$770,694$733,859$723,086$796,669
36$787,260$707,773$685,265$789,585
37$803,561$678,455$644,222$775,979
38$819,510$645,684$599,789$760,036
39$835,005$609,229$551,787$741,575
40$849,936$568,841$500,033$720,402
41$864,178$524,263$444,332$696,309
42$877,590$475,217$384,483$669,073
43$890,016$421,415$320,275$638,457
44$901,281$362,547$251,487$604,205
45$911,190$298,291$177,891$566,043
46$919,527$228,302$99,245$523,678
47$926,048$152,219$15,300$476,793
48$930,486$69,658$0$425,053
49$932,541$0$0$381,567
50$931,880$0$0$345,888
51$928,136$0$0$342,558
52$920,897$0$0$337,673
53$909,709$0$0$331,034
54$894,069$0$0$322,424
55$873,419$0$0$311,601
56$847,139$0$0$298,298
57$814,544$0$0$282,217
58$774,876$0$0$263,031
59$727,295$0$0$240,377
60$670,872$0$0$213,853
61$604,580$0$0$183,016
62$527,283$0$0$147,375
63$437,724$0$0$106,389
64$334,515$0$0$59,457
65$216,120$0$0$5,917
66$80,846$0$0$0
67$0$0$0$0
68$0$0$0$0
69$0$0$0$0
70$0$0$0$0
71$0$0$0$0
72$0$0$0$0
73$0$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0