Can I retire at age 35 with 712,000?

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 $712,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$58,796$58,273$57,762$57,263$56,776$54,631
2 years$29,107$28,565$28,040$27,530$27,036$24,900
3 years$19,212$18,668$18,143$17,639$17,153$15,093
4 years$14,265$13,723$13,204$12,708$12,234$10,265
5 years$11,298$10,759$10,247$9,761$9,300$7,428
6 years$9,321$8,785$8,281$7,806$7,359$5,585
7 years$7,909$7,378$6,881$6,418$5,984$4,309
8 years$6,850$6,324$5,836$5,384$4,965$3,385
9 years$6,028$5,506$5,027$4,586$4,181$2,695
10 years$5,370$4,854$4,382$3,953$3,562$2,168
11 years$4,832$4,321$3,858$3,440$3,064$1,757
12 years$4,384$3,878$3,424$3,017$2,655$1,433
13 years$4,005$3,505$3,059$2,664$2,315$1,174
14 years$3,681$3,186$2,749$2,365$2,030$966
15 years$3,400$2,910$2,482$2,109$1,787$797
16 years$3,154$2,670$2,250$1,888$1,579$660
17 years$2,938$2,459$2,047$1,697$1,400$547
18 years$2,746$2,272$1,869$1,529$1,245$454
19 years$2,574$2,106$1,711$1,382$1,110$378
20 years$2,420$1,957$1,570$1,251$991$315
21 years$2,280$1,823$1,444$1,136$887$262
22 years$2,154$1,701$1,331$1,033$795$219
23 years$2,038$1,591$1,229$940$714$183
24 years$1,933$1,491$1,137$858$642$153
25 years$1,836$1,399$1,053$783$577$127
26 years$1,746$1,315$976$716$520$107
27 years$1,664$1,238$907$656$469$89
28 years$1,587$1,166$843$601$423$75
29 years$1,516$1,100$784$551$382$62
30 years$1,449$1,039$731$505$345$52
31 years$1,387$982$681$464$312$44
32 years$1,329$929$636$427$282$37
33 years$1,275$880$593$392$255$31
34 years$1,224$834$554$361$231$26
35 years$1,176$791$518$332$209$21
36 years$1,131$751$485$306$190$18
37 years$1,088$713$454$282$172$15
38 years$1,048$678$425$260$156$13
39 years$1,010$645$398$240$141$11
40 years$973$613$373$221$128$9
41 years$939$584$350$204$116$7
42 years$906$556$328$188$106$6
43 years$875$530$308$174$96$5
44 years$846$505$289$160$87$4
45 years$818$481$272$148$79$4
46 years$791$459$255$137$72$3
47 years$765$438$240$126$65$3
48 years$741$418$225$117$59$2
49 years$718$400$212$108$54$2
50 years$695$382$199$100$49$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $712,000, adding $5,156 every year, while hoping to spend $20,730 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: 52/23/25 Blend
34$712,000$712,000$712,000$712,000
35$789,942$752,206$741,170$825,267
36$848,460$767,008$743,943$865,077
37$912,252$781,840$746,114$905,822
38$981,833$796,682$747,641$949,723
39$1,057,773$811,512$748,479$997,088
40$1,140,696$826,307$748,584$1,048,258
41$1,231,291$841,039$747,905$1,103,608
42$1,330,315$855,683$746,392$1,163,554
43$1,438,602$870,207$743,992$1,228,552
44$1,557,072$884,579$740,648$1,299,106
45$1,686,735$898,765$736,301$1,375,773
46$1,828,705$912,728$730,890$1,459,165
47$1,984,209$926,427$724,351$1,549,960
48$2,154,597$939,821$716,616$1,648,902
49$2,341,357$952,863$707,613$1,756,817
50$2,546,126$965,504$697,269$1,874,611
51$2,770,709$977,692$685,505$2,003,285
52$3,017,093$989,371$672,242$2,143,944
53$3,287,467$1,000,481$657,392$2,297,806
54$3,584,242$1,010,958$640,869$2,466,214
55$3,910,075$1,020,734$622,577$2,650,650
56$4,267,889$1,029,737$602,420$2,852,747
57$4,660,909$1,037,889$580,296$3,074,308
58$5,092,684$1,045,108$556,099$3,317,319
59$5,567,125$1,051,306$529,716$3,583,971
60$6,088,542$1,056,390$501,031$3,876,682
61$6,661,681$1,060,260$469,923$4,198,116
62$7,291,771$1,062,812$436,264$4,551,212
63$7,984,574$1,063,932$399,922$4,939,209
64$8,746,438$1,063,502$360,757$5,365,681
65$9,584,357$1,061,396$318,624$5,834,568
66$10,506,035$1,057,478$273,372$6,350,214
67$11,519,963$1,051,607$224,842$6,917,407
68$12,635,494$1,043,631$172,869$7,541,430
69$13,862,935$1,033,389$117,281$8,228,106
70$15,213,642$1,020,712$57,897$8,983,854
71$16,700,126$1,005,420$0$9,815,751
72$18,336,175$987,321$0$10,733,064
73$20,136,978$966,214$0$11,759,509
74$22,119,275$941,883$0$12,889,168
75$24,301,508$914,102$0$14,132,553
76$26,704,000$882,632$0$15,501,251
77$29,349,144$847,216$0$17,008,034
78$32,261,614$807,588$0$18,666,975
79$35,468,601$763,462$0$20,493,586
80$39,000,064$714,537$0$22,504,962
81$42,889,016$660,496$0$24,719,943
82$47,171,837$601,001$0$27,159,296
83$51,888,612$535,697$0$29,845,903
84$57,083,513$464,209$0$32,804,987
85$62,805,215$386,139$0$36,064,343
86$69,107,355$301,068$0$39,654,607
87$76,049,037$208,552$0$43,609,539
88$83,695,393$108,125$0$47,966,349
89$92,118,191$0$0$52,766,044
90$101,396,519$0$0$58,053,997
91$111,617,529$0$0$63,909,460
92$122,877,256$0$0$70,360,101
93$135,281,529$0$0$77,466,562
94$148,946,969$0$0$85,295,667
95$164,002,085$0$0$93,921,059
96$180,588,493$0$0$103,423,885
97$198,862,247$0$0$113,893,570
98$218,995,317$0$0$125,428,657
99$241,177,207$0$0$138,137,738
100$265,616,748$0$0$152,140,479