Can I retire at age 35 with 705,000?

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 $705,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$58,218$57,700$57,194$56,700$56,218$54,814
2 years$28,821$28,284$27,764$27,260$26,770$25,365
3 years$19,023$18,484$17,965$17,465$16,984$15,621
4 years$14,125$13,588$13,074$12,583$12,113$10,803
5 years$11,187$10,653$10,146$9,665$9,208$7,955
6 years$9,229$8,699$8,199$7,729$7,286$6,090
7 years$7,831$7,305$6,814$6,354$5,926$4,788
8 years$6,783$6,262$5,779$5,331$4,916$3,835
9 years$5,968$5,452$4,977$4,541$4,140$3,116
10 years$5,317$4,806$4,339$3,914$3,527$2,558
11 years$4,784$4,278$3,820$3,406$3,034$2,118
12 years$4,341$3,840$3,390$2,988$2,629$1,766
13 years$3,966$3,470$3,029$2,638$2,292$1,480
14 years$3,645$3,154$2,722$2,342$2,010$1,246
15 years$3,366$2,882$2,457$2,088$1,769$1,052
16 years$3,123$2,644$2,228$1,870$1,564$892
17 years$2,909$2,435$2,027$1,680$1,387$757
18 years$2,719$2,250$1,851$1,514$1,233$645
19 years$2,549$2,085$1,694$1,368$1,099$550
20 years$2,396$1,938$1,555$1,239$982$469
21 years$2,258$1,805$1,430$1,124$878$401
22 years$2,133$1,685$1,318$1,022$787$344
23 years$2,018$1,576$1,217$931$707$294
24 years$1,914$1,476$1,126$849$635$252
25 years$1,818$1,385$1,042$776$572$216
26 years$1,729$1,302$967$709$515$186
27 years$1,647$1,225$898$649$464$160
28 years$1,571$1,155$835$595$419$137
29 years$1,501$1,089$777$545$378$118
30 years$1,435$1,029$723$501$342$101
31 years$1,374$973$674$460$309$87
32 years$1,316$920$629$422$279$75
33 years$1,263$871$588$388$253$64
34 years$1,212$826$549$357$229$55
35 years$1,164$783$513$329$207$48
36 years$1,120$744$480$303$188$41
37 years$1,077$706$449$279$170$35
38 years$1,037$671$421$257$154$30
39 years$1,000$638$394$237$140$26
40 years$964$607$370$219$127$23
41 years$930$578$347$202$115$19
42 years$898$550$325$186$105$17
43 years$867$524$305$172$95$14
44 years$838$500$286$159$86$12
45 years$810$477$269$147$78$11
46 years$783$455$253$136$71$9
47 years$758$434$237$125$64$8
48 years$734$414$223$116$59$7
49 years$710$396$210$107$53$6
50 years$688$378$197$99$48$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $705,000, adding $2,535 every year, while hoping to spend $49,768 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: 31/42/27 Blend
34$705,000$705,000$705,000$705,000
35$779,525$742,160$731,232$797,169
36$806,084$725,573$702,776$794,396
37$833,683$706,505$671,698$786,854
38$862,378$684,783$637,859$777,749
39$892,224$660,221$601,111$766,978
40$923,284$632,625$561,301$754,434
41$955,624$601,789$518,270$740,004
42$989,315$567,493$471,849$723,569
43$1,024,433$529,508$421,864$705,006
44$1,061,061$487,590$368,132$684,184
45$1,099,287$441,480$310,462$660,966
46$1,139,207$390,905$248,655$635,209
47$1,180,924$335,577$182,503$606,764
48$1,224,550$275,193$111,789$575,475
49$1,270,206$209,429$36,286$541,177
50$1,318,023$137,947$0$503,700
51$1,368,142$60,387$0$475,625
52$1,420,717$0$0$455,991
53$1,475,915$0$0$445,136
54$1,533,918$0$0$463,090
55$1,594,921$0$0$482,010
56$1,659,140$0$0$501,969
57$1,726,808$0$0$523,044
58$1,798,178$0$0$545,319
59$1,873,528$0$0$568,888
60$1,953,160$0$0$593,850
61$2,037,403$0$0$620,318
62$2,126,617$0$0$648,410
63$2,221,195$0$0$678,260
64$2,321,566$0$0$710,012
65$2,428,200$0$0$743,823
66$2,541,611$0$0$779,867
67$2,662,360$0$0$818,333
68$2,791,063$0$0$859,428
69$2,928,394$0$0$903,380
70$3,075,090$0$0$950,439
71$3,231,962$0$0$1,000,877
72$3,399,895$0$0$1,054,995
73$3,579,864$0$0$1,113,122
74$3,772,934$0$0$1,175,619
75$3,980,277$0$0$1,242,882
76$4,203,178$0$0$1,315,349
77$4,443,048$0$0$1,393,496
78$4,701,436$0$0$1,477,850
79$4,980,043$0$0$1,568,988
80$5,280,738$0$0$1,667,544
81$5,605,575$0$0$1,774,216
82$5,956,810$0$0$1,889,771
83$6,336,925$0$0$2,015,052
84$6,748,647$0$0$2,150,987
85$7,194,972$0$0$2,298,594
86$7,679,198$0$0$2,458,996
87$8,204,951$0$0$2,633,426
88$8,776,219$0$0$2,823,242
89$9,397,389$0$0$3,029,937
90$10,073,287$0$0$3,255,155
91$10,809,223$0$0$3,500,704
92$11,611,042$0$0$3,768,575
93$12,485,173$0$0$4,060,959
94$13,438,695$0$0$4,380,267
95$14,479,396$0$0$4,729,156
96$15,615,853$0$0$5,110,548
97$16,857,505$0$0$5,527,660
98$18,214,743$0$0$5,984,037
99$19,699,009$0$0$6,483,580
100$21,322,901$0$0$7,030,585