Can I retire at age 35 with 698,000?

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 $698,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$57,640$57,127$56,626$56,137$55,660$54,095
2 years$28,535$28,003$27,488$26,989$26,505$24,940
3 years$18,834$18,300$17,787$17,292$16,816$15,300
4 years$13,985$13,453$12,944$12,458$11,993$10,538
5 years$11,076$10,547$10,045$9,569$9,117$7,727
6 years$9,137$8,613$8,118$7,652$7,214$5,890
7 years$7,753$7,233$6,746$6,291$5,867$4,609
8 years$6,716$6,200$5,721$5,278$4,867$3,675
9 years$5,909$5,398$4,928$4,495$4,099$2,971
10 years$5,264$4,758$4,296$3,875$3,492$2,428
11 years$4,737$4,236$3,782$3,373$3,004$2,000
12 years$4,298$3,802$3,357$2,958$2,603$1,658
13 years$3,926$3,436$2,999$2,612$2,270$1,382
14 years$3,608$3,123$2,695$2,318$1,990$1,157
15 years$3,333$2,853$2,433$2,067$1,752$972
16 years$3,092$2,618$2,206$1,851$1,548$819
17 years$2,880$2,411$2,007$1,663$1,373$692
18 years$2,692$2,228$1,832$1,499$1,221$585
19 years$2,524$2,064$1,677$1,354$1,088$496
20 years$2,372$1,918$1,539$1,227$972$421
21 years$2,236$1,787$1,416$1,113$870$358
22 years$2,111$1,668$1,305$1,012$780$304
23 years$1,998$1,560$1,205$922$700$259
24 years$1,895$1,462$1,114$841$629$221
25 years$1,800$1,372$1,032$768$566$188
26 years$1,712$1,289$957$702$510$160
27 years$1,631$1,213$889$643$460$137
28 years$1,556$1,143$826$589$415$117
29 years$1,486$1,079$769$540$374$100
30 years$1,421$1,019$716$496$338$85
31 years$1,360$963$668$455$306$73
32 years$1,303$911$623$418$277$62
33 years$1,250$863$582$385$250$53
34 years$1,200$818$544$354$227$45
35 years$1,153$776$508$326$205$39
36 years$1,109$736$475$300$186$33
37 years$1,067$699$445$276$169$28
38 years$1,027$664$417$255$153$24
39 years$990$632$390$235$139$21
40 years$954$601$366$217$126$18
41 years$921$572$343$200$114$15
42 years$889$545$322$185$104$13
43 years$858$519$302$170$94$11
44 years$829$495$283$157$85$9
45 years$802$472$266$145$77$8
46 years$775$450$250$134$70$7
47 years$750$430$235$124$64$6
48 years$726$410$221$115$58$5
49 years$703$392$207$106$53$4
50 years$681$374$195$98$48$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $698,000, adding $3,973 every year, while hoping to spend $35,325 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: 53/42/5 Blend
34$698,000$698,000$698,000$698,000
35$773,294$736,300$725,481$813,226
36$814,585$734,793$712,199$839,173
37$858,903$732,029$697,288$863,159
38$906,520$727,907$680,657$888,388
39$957,735$722,324$662,208$914,984
40$1,012,874$715,169$641,843$943,083
41$1,072,297$706,322$619,454$972,837
42$1,136,399$695,659$594,933$1,004,416
43$1,205,613$683,047$568,165$1,038,011
44$1,280,415$668,347$539,029$1,073,830
45$1,361,330$651,409$507,399$1,112,108
46$1,448,934$632,076$473,145$1,153,105
47$1,543,858$610,181$436,128$1,197,111
48$1,646,800$585,547$396,207$1,244,446
49$1,758,524$557,989$353,230$1,295,468
50$1,879,872$527,309$307,041$1,350,574
51$2,011,769$493,298$257,478$1,410,204
52$2,155,235$455,735$204,369$1,474,847
53$2,311,390$414,387$147,536$1,545,045
54$2,481,467$369,007$86,793$1,621,400
55$2,666,822$319,334$21,947$1,704,581
56$2,868,950$265,093$0$1,795,328
57$3,089,493$205,993$0$1,896,982
58$3,330,260$141,726$0$2,009,345
59$3,593,243$71,967$0$2,132,267
60$3,880,635$0$0$2,266,876
61$4,194,848$0$0$2,416,098
62$4,538,540$0$0$2,615,765
63$4,914,638$0$0$2,834,325
64$5,326,361$0$0$3,073,659
65$5,777,259$0$0$3,335,837
66$6,271,239$0$0$3,623,140
67$6,812,602$0$0$3,938,080
68$7,406,088$0$0$4,283,424
69$8,056,915$0$0$4,662,217
70$8,770,832$0$0$5,077,817
71$9,554,171$0$0$5,533,920
72$10,413,904$0$0$6,034,598
73$11,357,713$0$0$6,584,335
74$12,394,062$0$0$7,188,074
75$13,532,271$0$0$7,851,256
76$14,782,608$0$0$8,579,877
77$16,156,387$0$0$9,380,543
78$17,666,068$0$0$10,260,532
79$19,325,381$0$0$11,227,859
80$21,149,452$0$0$12,291,356
81$23,154,943$0$0$13,460,756
82$25,360,215$0$0$14,746,779
83$27,785,493$0$0$16,161,236
84$30,453,064$0$0$17,717,142
85$33,387,480$0$0$19,428,835
86$36,615,796$0$0$21,312,114
87$40,167,817$0$0$23,384,386
88$44,076,387$0$0$25,664,830
89$48,377,692$0$0$28,174,580
90$53,111,604$0$0$30,936,920
91$58,322,055$0$0$33,977,508
92$64,057,454$0$0$37,324,614
93$70,371,139$0$0$41,009,388
94$77,321,886$0$0$45,066,157
95$84,974,454$0$0$49,532,740
96$93,400,205$0$0$54,450,815
97$102,677,771$0$0$59,866,304
98$112,893,798$0$0$65,829,811
99$124,143,760$0$0$72,397,095
100$136,532,864$0$0$79,629,600