Can I retire at age 35 with 898,000?

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 $898,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$74,156$73,495$72,851$72,222$71,608$69,399
2 years$36,711$36,027$35,365$34,722$34,099$31,893
3 years$24,231$23,544$22,883$22,247$21,634$19,500
4 years$17,992$17,307$16,653$16,028$15,429$13,384
5 years$14,250$13,569$12,924$12,311$11,729$9,777
6 years$11,756$11,080$10,444$9,845$9,281$7,425
7 years$9,975$9,305$8,679$8,094$7,548$5,787
8 years$8,640$7,976$7,361$6,790$6,262$4,595
9 years$7,602$6,945$6,340$5,784$5,273$3,699
10 years$6,772$6,122$5,527$4,985$4,493$3,009
11 years$6,094$5,450$4,866$4,339$3,864$2,468
12 years$5,529$4,891$4,318$3,806$3,349$2,037
13 years$5,051$4,420$3,858$3,360$2,920$1,690
14 years$4,642$4,018$3,467$2,983$2,560$1,408
15 years$4,288$3,670$3,130$2,660$2,254$1,177
16 years$3,978$3,368$2,838$2,382$1,992$986
17 years$3,706$3,101$2,582$2,140$1,766$829
18 years$3,463$2,866$2,357$1,928$1,570$698
19 years$3,247$2,656$2,158$1,743$1,400$588
20 years$3,052$2,468$1,980$1,578$1,250$497
21 years$2,876$2,299$1,822$1,432$1,119$420
22 years$2,716$2,146$1,679$1,302$1,003$355
23 years$2,571$2,007$1,550$1,186$900$301
24 years$2,438$1,881$1,434$1,082$809$255
25 years$2,315$1,765$1,328$988$728$216
26 years$2,202$1,659$1,231$903$656$183
27 years$2,098$1,561$1,144$827$591$155
28 years$2,001$1,471$1,063$758$534$132
29 years$1,912$1,388$989$695$482$112
30 years$1,828$1,310$921$638$435$95
31 years$1,750$1,239$859$586$394$81
32 years$1,677$1,172$802$538$356$69
33 years$1,608$1,110$748$495$322$58
34 years$1,544$1,052$699$455$292$50
35 years$1,483$998$654$419$264$42
36 years$1,426$947$612$386$239$36
37 years$1,372$900$572$356$217$30
38 years$1,322$855$536$328$197$26
39 years$1,273$813$502$302$178$22
40 years$1,228$773$471$279$162$19
41 years$1,184$736$441$257$147$16
42 years$1,143$701$414$237$133$13
43 years$1,104$668$389$219$121$11
44 years$1,067$637$365$202$110$10
45 years$1,031$607$342$187$100$8
46 years$998$579$322$173$90$7
47 years$965$553$302$159$82$6
48 years$935$528$284$147$75$5
49 years$905$504$267$136$68$4
50 years$877$481$251$126$62$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $898,000, adding $6,036 every year, while hoping to spend $35,941 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: 43/32/25 Blend
34$898,000$898,000$898,000$898,000
35$995,822$948,228$934,309$1,031,161
36$1,059,155$956,450$927,368$1,065,158
37$1,127,743$963,871$918,989$1,098,067
38$1,202,085$970,413$909,087$1,133,017
39$1,282,728$975,993$897,572$1,170,215
40$1,370,274$980,525$884,348$1,209,895
41$1,465,387$983,915$869,319$1,252,312
42$1,568,794$986,065$852,379$1,297,753
43$1,681,298$986,869$833,420$1,346,534
44$1,803,781$986,216$812,330$1,399,007
45$1,937,213$983,987$788,990$1,455,561
46$2,082,663$980,056$763,275$1,516,628
47$2,241,306$974,290$735,056$1,582,688
48$2,414,436$966,548$704,197$1,654,270
49$2,603,478$956,678$670,557$1,731,964
50$2,809,999$944,521$633,987$1,816,419
51$3,035,726$929,910$594,333$1,908,358
52$3,282,559$912,665$551,432$2,008,579
53$3,552,591$892,596$505,116$2,117,966
54$3,848,124$869,502$455,206$2,237,499
55$4,171,697$843,172$401,520$2,368,261
56$4,526,103$813,380$343,864$2,511,450
57$4,914,419$779,889$282,036$2,668,392
58$5,340,032$742,446$215,827$2,840,554
59$5,806,675$700,785$145,017$3,029,559
60$6,318,456$654,625$69,376$3,237,200
61$6,879,904$603,667$0$3,465,461
62$7,496,004$547,596$0$3,719,561
63$8,172,249$486,080$0$4,018,842
64$8,914,687$418,767$0$4,347,528
65$9,729,983$345,285$0$4,708,651
66$10,625,478$265,241$0$5,105,558
67$11,609,260$178,220$0$5,541,940
68$12,690,237$83,785$0$6,021,871
69$13,878,223$0$0$6,549,847
70$15,184,032$0$0$7,137,351
71$16,619,576$0$0$7,815,779
72$18,197,979$0$0$8,561,844
73$19,933,699$0$0$9,382,397
74$21,842,669$0$0$10,284,985
75$23,942,438$0$0$11,277,922
76$26,252,347$0$0$12,370,371
77$28,793,701$0$0$13,572,425
78$31,589,977$0$0$14,895,208
79$34,667,042$0$0$16,350,975
80$38,053,396$0$0$17,953,228
81$41,780,444$0$0$19,716,846
82$45,882,787$0$0$21,658,223
83$50,398,552$0$0$23,795,424
84$55,369,750$0$0$26,148,353
85$60,842,673$0$0$28,738,944
86$66,868,328$0$0$31,591,364
87$73,502,920$0$0$34,732,244
88$80,808,383$0$0$38,190,928
89$88,852,960$0$0$41,999,752
90$97,711,850$0$0$46,194,346
91$107,467,918$0$0$50,813,974
92$118,212,473$0$0$55,901,899
93$130,046,131$0$0$61,505,797
94$143,079,766$0$0$67,678,203
95$157,435,554$0$0$74,477,007
96$173,248,123$0$0$81,966,000
97$190,665,830$0$0$90,215,480
98$209,852,155$0$0$99,302,909
99$230,987,245$0$0$109,313,647
100$254,269,614$0$0$120,341,759