Can I retire at age 35 with 704,000?

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 $704,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$58,136$57,618$57,113$56,619$56,138$54,060
2 years$28,780$28,244$27,725$27,221$26,732$24,662
3 years$18,996$18,458$17,940$17,441$16,960$14,963
4 years$14,105$13,568$13,055$12,565$12,096$10,187
5 years$11,171$10,638$10,132$9,651$9,195$7,380
6 years$9,216$8,687$8,188$7,718$7,276$5,555
7 years$7,820$7,295$6,804$6,345$5,917$4,290
8 years$6,773$6,253$5,770$5,323$4,909$3,375
9 years$5,960$5,444$4,970$4,534$4,134$2,690
10 years$5,309$4,799$4,333$3,908$3,522$2,166
11 years$4,777$4,272$3,815$3,401$3,029$1,758
12 years$4,335$3,835$3,385$2,984$2,625$1,436
13 years$3,960$3,465$3,025$2,634$2,289$1,178
14 years$3,639$3,150$2,718$2,338$2,007$971
15 years$3,362$2,877$2,454$2,085$1,767$802
16 years$3,119$2,640$2,225$1,867$1,562$665
17 years$2,905$2,431$2,024$1,678$1,385$552
18 years$2,715$2,247$1,848$1,512$1,231$459
19 years$2,545$2,082$1,692$1,366$1,097$383
20 years$2,393$1,935$1,553$1,237$980$319
21 years$2,255$1,802$1,428$1,123$877$266
22 years$2,130$1,682$1,316$1,021$786$222
23 years$2,015$1,573$1,215$930$706$186
24 years$1,911$1,474$1,124$848$634$156
25 years$1,815$1,384$1,041$774$571$130
26 years$1,727$1,300$965$708$514$109
27 years$1,645$1,224$897$648$464$91
28 years$1,569$1,153$833$594$418$76
29 years$1,499$1,088$776$545$378$64
30 years$1,433$1,027$722$500$341$54
31 years$1,372$971$673$459$309$45
32 years$1,314$919$628$422$279$38
33 years$1,261$870$587$388$253$32
34 years$1,210$825$548$357$229$27
35 years$1,163$782$513$329$207$22
36 years$1,118$743$479$303$188$19
37 years$1,076$705$449$279$170$16
38 years$1,036$670$420$257$154$13
39 years$998$637$394$237$140$11
40 years$962$606$369$219$127$9
41 years$929$577$346$202$115$8
42 years$896$550$325$186$104$6
43 years$866$524$305$172$95$5
44 years$836$499$286$159$86$5
45 years$809$476$268$146$78$4
46 years$782$454$252$135$71$3
47 years$757$433$237$125$64$3
48 years$733$414$223$116$58$2
49 years$709$395$209$107$53$2
50 years$687$377$197$99$48$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $704,000, adding $4,842 every year, while hoping to spend $27,770 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: 45/44/11 Blend
34$704,000$704,000$704,000$704,000
35$780,803$743,491$732,579$813,293
36$830,897$750,374$727,573$843,201
37$885,171$756,665$721,469$872,391
38$944,021$762,304$714,200$903,419
39$1,007,883$767,229$705,698$936,465
40$1,077,237$771,373$695,889$971,729
41$1,152,612$774,667$684,698$1,009,430
42$1,234,588$777,036$672,045$1,049,814
43$1,323,805$778,399$657,847$1,093,152
44$1,420,965$778,673$642,018$1,139,743
45$1,526,843$777,768$624,465$1,189,919
46$1,642,291$775,587$605,093$1,244,049
47$1,768,244$772,031$583,804$1,302,537
48$1,905,736$766,991$560,492$1,365,836
49$2,055,901$760,354$535,049$1,434,444
50$2,219,991$751,999$507,361$1,508,911
51$2,399,381$741,798$477,308$1,589,847
52$2,595,586$729,615$444,767$1,677,928
53$2,810,276$715,306$409,606$1,773,900
54$3,045,287$698,719$371,691$1,878,588
55$3,302,643$679,693$330,879$1,992,905
56$3,584,571$658,056$287,023$2,117,860
57$3,893,525$633,629$239,966$2,254,570
58$4,232,208$606,220$189,548$2,404,266
59$4,603,595$575,626$135,599$2,568,314
60$5,010,963$541,634$77,944$2,748,219
61$5,457,924$504,017$16,398$2,945,647
62$5,948,455$462,535$0$3,162,438
63$6,486,934$416,937$0$3,406,408
64$7,078,189$366,954$0$3,676,450
65$7,727,533$312,304$0$3,973,141
66$8,440,822$252,688$0$4,299,247
67$9,224,507$187,790$0$4,657,822
68$10,085,694$117,279$0$5,052,236
69$11,032,211$40,802$0$5,486,208
70$12,072,682$0$0$5,963,843
71$13,216,610$0$0$6,510,015
72$14,474,462$0$0$7,132,395
73$15,857,773$0$0$7,816,946
74$17,379,250$0$0$8,569,968
75$19,052,892$0$0$9,398,403
76$20,894,127$0$0$10,309,898
77$22,919,949$0$0$11,312,881
78$25,149,086$0$0$12,416,637
79$27,602,170$0$0$13,631,395
80$30,301,937$0$0$14,968,430
81$33,273,438$0$0$16,440,160
82$36,544,274$0$0$18,060,273
83$40,144,859$0$0$19,843,849
84$44,108,705$0$0$21,807,505
85$48,472,739$0$0$23,969,551
86$53,277,650$0$0$26,350,162
87$58,568,274$0$0$28,971,570
88$64,394,016$0$0$31,858,273
89$70,809,314$0$0$35,037,266
90$77,874,156$0$0$38,538,293
91$85,654,644$0$0$42,394,133
92$94,223,618$0$0$46,640,904
93$103,661,342$0$0$51,318,407
94$114,056,261$0$0$56,470,499
95$125,505,838$0$0$62,145,509
96$138,117,471$0$0$68,396,694
97$152,009,506$0$0$75,282,738
98$167,312,357$0$0$82,868,310
99$184,169,732$0$0$91,224,673
100$202,739,992$0$0$100,430,354