Can I retire at age 35 with 709,000?

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 $709,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$58,549$58,027$57,518$57,022$56,537$55,395
2 years$28,984$28,445$27,921$27,414$26,922$25,777
3 years$19,131$18,589$18,067$17,565$17,081$15,968
4 years$14,205$13,665$13,148$12,654$12,182$11,110
5 years$11,251$10,713$10,204$9,720$9,261$8,232
6 years$9,281$8,748$8,246$7,773$7,328$6,344
7 years$7,875$7,347$6,852$6,391$5,959$5,021
8 years$6,821$6,298$5,811$5,361$4,944$4,050
9 years$6,002$5,483$5,005$4,566$4,163$3,314
10 years$5,347$4,833$4,364$3,936$3,547$2,742
11 years$4,811$4,303$3,842$3,426$3,051$2,288
12 years$4,365$3,862$3,410$3,005$2,644$1,922
13 years$3,988$3,490$3,046$2,653$2,305$1,624
14 years$3,665$3,172$2,737$2,355$2,021$1,378
15 years$3,386$2,898$2,471$2,100$1,779$1,174
16 years$3,141$2,659$2,240$1,880$1,573$1,003
17 years$2,926$2,449$2,039$1,690$1,394$859
18 years$2,734$2,263$1,861$1,523$1,240$738
19 years$2,563$2,097$1,704$1,376$1,105$635
20 years$2,410$1,949$1,564$1,246$987$547
21 years$2,271$1,815$1,438$1,131$883$472
22 years$2,145$1,694$1,326$1,028$792$408
23 years$2,030$1,585$1,224$936$711$353
24 years$1,925$1,485$1,132$854$639$305
25 years$1,828$1,393$1,048$780$575$264
26 years$1,739$1,310$972$713$518$229
27 years$1,657$1,232$903$653$467$199
28 years$1,580$1,161$839$598$421$172
29 years$1,509$1,096$781$548$380$150
30 years$1,443$1,035$728$503$344$130
31 years$1,382$978$678$462$311$113
32 years$1,324$925$633$425$281$98
33 years$1,270$876$591$391$254$85
34 years$1,219$831$552$359$230$74
35 years$1,171$788$516$331$209$64
36 years$1,126$748$483$305$189$56
37 years$1,084$710$452$281$171$49
38 years$1,043$675$423$259$155$42
39 years$1,005$642$397$239$141$37
40 years$969$611$372$220$128$32
41 years$935$581$348$203$116$28
42 years$903$554$327$187$105$24
43 years$872$527$307$173$95$21
44 years$842$503$288$160$87$18
45 years$814$479$270$148$79$16
46 years$788$457$254$136$71$14
47 years$762$436$239$126$65$12
48 years$738$417$224$116$59$11
49 years$715$398$211$108$53$9
50 years$692$380$198$99$49$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $709,000, adding $4,847 every year, while hoping to spend $32,115 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: 52/37/11 Blend
34$709,000$709,000$709,000$709,000
35$786,318$748,741$737,751$824,697
36$832,352$751,259$728,296$853,911
37$882,005$752,824$717,447$881,819
38$935,613$753,356$705,125$911,427
39$993,544$752,768$691,245$942,904
40$1,056,202$750,971$675,718$976,435
41$1,124,033$747,866$658,453$1,012,228
42$1,197,525$743,353$639,352$1,050,513
43$1,277,218$737,322$618,315$1,091,545
44$1,363,701$729,658$595,236$1,135,605
45$1,457,627$720,240$570,005$1,183,008
46$1,559,710$708,936$542,505$1,234,098
47$1,670,738$695,612$512,616$1,289,262
48$1,791,576$680,120$480,212$1,348,924
49$1,923,179$662,307$445,161$1,413,556
50$2,066,594$642,011$407,325$1,483,680
51$2,222,976$619,059$366,559$1,559,875
52$2,393,595$593,268$322,714$1,642,780
53$2,579,849$564,446$275,633$1,733,104
54$2,783,277$532,387$225,150$1,831,631
55$3,005,574$496,877$171,095$1,939,229
56$3,248,605$457,686$113,289$2,056,858
57$3,514,423$414,574$51,545$2,185,580
58$3,805,291$367,285$0$2,326,569
59$4,123,697$315,548$0$2,482,810
60$4,472,385$259,081$0$2,660,619
61$4,854,373$197,580$0$2,855,556
62$5,272,986$130,729$0$3,069,400
63$5,731,887$58,191$0$3,304,121
64$6,235,110$0$0$3,561,892
65$6,787,096$0$0$3,853,415
66$7,392,739$0$0$4,199,343
67$8,057,428$0$0$4,579,071
68$8,787,100$0$0$4,996,000
69$9,588,295$0$0$5,453,877
70$10,468,217$0$0$5,956,829
71$11,434,801$0$0$6,509,401
72$12,496,789$0$0$7,116,602
73$13,663,813$0$0$7,783,950
74$14,946,483$0$0$8,517,523
75$16,356,487$0$0$9,324,019
76$17,906,704$0$0$10,210,814
77$19,611,321$0$0$11,186,039
78$21,485,970$0$0$12,258,649
79$23,547,874$0$0$13,438,512
80$25,816,007$0$0$14,736,499
81$28,311,277$0$0$16,164,590
82$31,056,719$0$0$17,735,982
83$34,077,713$0$0$19,465,219
84$37,402,224$0$0$21,368,322
85$41,061,066$0$0$23,462,949
86$45,088,191$0$0$25,768,551
87$49,521,007$0$0$28,306,566
88$54,400,735$0$0$31,100,610
89$59,772,796$0$0$34,176,711
90$65,687,238$0$0$37,563,545
91$72,199,208$0$0$41,292,711
92$79,369,473$0$0$45,399,030
93$87,264,993$0$0$49,920,868
94$95,959,550$0$0$54,900,505
95$105,534,447$0$0$60,384,527
96$116,079,276$0$0$66,424,272
97$127,692,757$0$0$73,076,306
98$140,483,675$0$0$80,402,966
99$154,571,904$0$0$88,472,941
100$170,089,538$0$0$97,361,923