Can I retire at age 35 with 711,000?

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 $711,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$58,714$58,191$57,680$57,182$56,696$56,362
2 years$29,066$28,525$28,000$27,492$26,998$26,662
3 years$19,185$18,641$18,118$17,614$17,129$16,800
4 years$14,245$13,703$13,185$12,690$12,216$11,897
5 years$11,282$10,744$10,232$9,747$9,287$8,978
6 years$9,308$8,773$8,269$7,795$7,348$7,051
7 years$7,898$7,368$6,872$6,409$5,976$5,691
8 years$6,841$6,315$5,828$5,376$4,958$4,684
9 years$6,019$5,499$5,019$4,579$4,175$3,913
10 years$5,362$4,847$4,376$3,947$3,557$3,306
11 years$4,825$4,315$3,853$3,435$3,060$2,819
12 years$4,378$3,873$3,419$3,013$2,651$2,422
13 years$3,999$3,500$3,055$2,660$2,312$2,093
14 years$3,676$3,181$2,745$2,361$2,027$1,819
15 years$3,395$2,906$2,478$2,106$1,784$1,587
16 years$3,150$2,666$2,247$1,886$1,577$1,389
17 years$2,934$2,456$2,044$1,694$1,398$1,220
18 years$2,742$2,269$1,866$1,527$1,243$1,074
19 years$2,571$2,103$1,709$1,380$1,108$948
20 years$2,416$1,954$1,568$1,250$990$838
21 years$2,277$1,820$1,442$1,134$886$743
22 years$2,151$1,699$1,329$1,031$794$659
23 years$2,035$1,589$1,227$939$713$585
24 years$1,930$1,489$1,135$856$641$521
25 years$1,833$1,397$1,051$782$576$463
26 years$1,744$1,313$975$715$519$413
27 years$1,661$1,236$905$655$468$368
28 years$1,585$1,165$842$600$422$329
29 years$1,514$1,099$783$550$381$294
30 years$1,447$1,038$730$505$345$262
31 years$1,385$981$680$464$312$234
32 years$1,328$928$635$426$282$210
33 years$1,273$879$593$392$255$188
34 years$1,222$833$554$360$231$168
35 years$1,174$790$518$332$209$150
36 years$1,129$750$484$306$190$135
37 years$1,087$712$453$282$172$121
38 years$1,046$677$424$260$156$108
39 years$1,008$644$398$239$141$97
40 years$972$612$373$221$128$87
41 years$938$583$349$204$116$78
42 years$905$555$328$188$105$70
43 years$874$529$308$173$96$63
44 years$845$504$289$160$87$56
45 years$817$481$271$148$79$50
46 years$790$459$255$137$72$45
47 years$764$438$239$126$65$40
48 years$740$418$225$117$59$36
49 years$717$399$211$108$54$33
50 years$694$381$199$100$49$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $711,000, adding $2,527 every year, while hoping to spend $48,751 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: 56/27/17 Blend
34$711,000$711,000$711,000$711,000
35$786,129$748,446$737,425$826,482
36$814,443$733,249$710,258$839,020
37$844,012$715,673$680,547$847,194
38$874,911$695,551$648,156$855,001
39$907,223$672,705$612,940$862,415
40$941,038$646,946$574,752$869,414
41$976,453$618,074$533,435$875,974
42$1,013,571$585,881$488,825$882,070
43$1,052,508$550,141$440,753$887,679
44$1,093,386$510,620$389,041$892,781
45$1,136,340$467,069$333,502$897,355
46$1,181,515$419,224$273,943$901,382
47$1,229,069$366,806$210,160$904,846
48$1,279,177$309,521$141,942$907,733
49$1,332,024$247,059$69,069$910,032
50$1,387,816$179,091$0$911,735
51$1,446,777$105,271$0$914,420
52$1,509,151$25,231$0$929,983
53$1,575,202$0$0$945,937
54$1,645,223$0$0$980,592
55$1,719,530$0$0$1,025,355
56$1,798,471$0$0$1,072,943
57$1,882,426$0$0$1,123,590
58$1,971,810$0$0$1,177,551
59$2,067,079$0$0$1,235,106
60$2,168,731$0$0$1,296,561
61$2,277,312$0$0$1,362,251
62$2,393,420$0$0$1,432,545
63$2,517,712$0$0$1,507,847
64$2,650,907$0$0$1,588,599
65$2,793,793$0$0$1,675,286
66$2,947,238$0$0$1,768,442
67$3,112,191$0$0$1,868,652
68$3,289,696$0$0$1,976,558
69$3,480,898$0$0$2,092,865
70$3,687,057$0$0$2,218,348
71$3,909,553$0$0$2,353,859
72$4,149,905$0$0$2,500,333
73$4,409,784$0$0$2,658,799
74$4,691,023$0$0$2,830,386
75$4,995,638$0$0$3,016,337
76$5,325,847$0$0$3,218,019
77$5,684,088$0$0$3,436,934
78$6,073,043$0$0$3,674,734
79$6,495,660$0$0$3,933,238
80$6,955,183$0$0$4,214,445
81$7,455,183$0$0$4,520,556
82$7,999,585$0$0$4,853,992
83$8,592,711$0$0$5,217,416
84$9,239,318$0$0$5,613,763
85$9,944,637$0$0$6,046,257
86$10,714,431$0$0$6,518,453
87$11,555,041$0$0$7,034,260
88$12,473,446$0$0$7,597,984
89$13,477,332$0$0$8,214,364
90$14,575,160$0$0$8,888,618
91$15,776,245$0$0$9,626,493
92$17,090,845$0$0$10,434,314
93$18,530,255$0$0$11,319,050
94$20,106,913$0$0$12,288,373
95$21,834,517$0$0$13,350,732
96$23,728,153$0$0$14,515,433
97$25,804,435$0$0$15,792,726
98$28,081,663$0$0$17,193,900
99$30,579,990$0$0$18,731,388
100$33,321,618$0$0$20,418,888