Can I retire at age 35 with 897,000?

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 $897,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$74,073$73,414$72,770$72,142$71,528$69,714
2 years$36,670$35,987$35,325$34,683$34,061$32,245
3 years$24,204$23,518$22,858$22,222$21,610$19,849
4 years$17,972$17,288$16,635$16,010$15,412$13,720
5 years$14,234$13,554$12,909$12,297$11,716$10,097
6 years$11,743$11,068$10,432$9,834$9,271$7,726
7 years$9,964$9,295$8,669$8,085$7,539$6,070
8 years$8,630$7,967$7,352$6,782$6,255$4,860
9 years$7,594$6,937$6,333$5,777$5,267$3,946
10 years$6,765$6,115$5,521$4,980$4,488$3,238
11 years$6,087$5,444$4,861$4,334$3,860$2,679
12 years$5,523$4,886$4,314$3,802$3,345$2,232
13 years$5,046$4,415$3,854$3,356$2,917$1,869
14 years$4,637$4,013$3,463$2,979$2,557$1,572
15 years$4,283$3,666$3,126$2,657$2,251$1,327
16 years$3,974$3,364$2,835$2,379$1,990$1,124
17 years$3,701$3,098$2,579$2,138$1,764$954
18 years$3,459$2,863$2,355$1,926$1,569$811
19 years$3,243$2,653$2,156$1,741$1,398$691
20 years$3,049$2,465$1,978$1,576$1,249$590
21 years$2,873$2,296$1,820$1,431$1,118$504
22 years$2,713$2,144$1,677$1,301$1,002$431
23 years$2,568$2,005$1,548$1,185$899$369
24 years$2,435$1,878$1,432$1,081$808$316
25 years$2,313$1,763$1,326$987$727$271
26 years$2,200$1,657$1,230$902$655$232
27 years$2,096$1,559$1,142$826$591$199
28 years$1,999$1,469$1,062$757$533$171
29 years$1,909$1,386$988$694$481$147
30 years$1,826$1,309$920$637$435$126
31 years$1,748$1,237$858$585$393$109
32 years$1,675$1,171$801$538$356$93
33 years$1,606$1,109$748$494$322$80
34 years$1,542$1,051$698$455$291$69
35 years$1,482$997$653$419$264$59
36 years$1,425$946$611$386$239$51
37 years$1,371$899$572$355$217$44
38 years$1,320$854$535$327$196$38
39 years$1,272$812$502$302$178$32
40 years$1,226$773$470$278$162$28
41 years$1,183$735$441$257$147$24
42 years$1,142$700$414$237$133$21
43 years$1,103$667$388$219$121$18
44 years$1,066$636$364$202$110$15
45 years$1,030$607$342$187$99$13
46 years$997$579$321$172$90$11
47 years$964$552$302$159$82$10
48 years$933$527$284$147$74$8
49 years$904$503$267$136$68$7
50 years$876$481$251$126$61$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $897,000, adding $4,953 every year, while hoping to spend $47,681 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: 69/18/13 Blend
34$897,000$897,000$897,000$897,000
35$993,603$946,062$932,159$1,058,965
36$1,044,218$941,687$912,654$1,098,671
37$1,098,398$935,499$890,897$1,135,910
38$1,156,456$927,360$866,764$1,175,415
39$1,218,736$917,122$840,121$1,217,400
40$1,285,614$904,628$810,832$1,262,105
41$1,357,505$889,712$778,753$1,309,794
42$1,434,862$872,200$743,733$1,360,759
43$1,518,185$851,905$705,615$1,415,324
44$1,608,021$828,630$664,235$1,473,845
45$1,704,972$802,166$619,420$1,536,718
46$1,809,700$772,293$570,991$1,604,380
47$1,922,931$738,776$518,761$1,677,315
48$2,045,464$701,370$462,533$1,756,056
49$2,178,176$659,813$402,103$1,841,196
50$2,322,034$613,827$337,257$1,933,387
51$2,478,098$563,121$267,772$2,033,351
52$2,647,536$507,386$193,414$2,141,887
53$2,831,631$446,295$113,941$2,259,876
54$3,031,797$379,503$29,097$2,388,293
55$3,249,588$306,645$0$2,528,217
56$3,486,711$227,337$0$2,689,359
57$3,745,050$141,171$0$2,869,374
58$4,026,675$47,717$0$3,065,714
59$4,333,863$0$0$3,280,026
60$4,669,124$0$0$3,524,718
61$5,035,217$0$0$3,802,282
62$5,435,181$0$0$4,105,576
63$5,872,363$0$0$4,437,142
64$6,350,445$0$0$4,799,781
65$6,873,483$0$0$5,196,577
66$7,445,943$0$0$5,630,922
67$8,072,742$0$0$6,106,557
68$8,759,294$0$0$6,627,596
69$9,511,564$0$0$7,198,573
70$10,336,117$0$0$7,824,482
71$11,240,189$0$0$8,510,821
72$12,231,743$0$0$9,263,645
73$13,319,556$0$0$10,089,627
74$14,513,291$0$0$10,996,112
75$15,823,594$0$0$11,991,196
76$17,262,191$0$0$13,083,793
77$18,841,999$0$0$14,283,724
78$20,577,249$0$0$15,601,807
79$22,483,615$0$0$17,049,961
80$24,578,366$0$0$18,641,315
81$26,880,527$0$0$20,390,333
82$29,411,055$0$0$22,312,950
83$32,193,043$0$0$24,426,723
84$35,251,928$0$0$26,750,993
85$38,615,737$0$0$29,307,070
86$42,315,351$0$0$32,118,432
87$46,384,791$0$0$35,210,947
88$50,861,542$0$0$38,613,117
89$55,786,905$0$0$42,356,343
90$61,206,386$0$0$46,475,226
91$67,170,124$0$0$51,007,890
92$73,733,365$0$0$55,996,338
93$80,956,981$0$0$61,486,857
94$88,908,044$0$0$67,530,443
95$97,660,460$0$0$74,183,291
96$107,295,661$0$0$81,507,319
97$117,903,379$0$0$89,570,754
98$129,582,487$0$0$98,448,774
99$142,441,931$0$0$108,224,219
100$156,601,763$0$0$118,988,370