Can I retire at age 35 with 946,000?

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 $946,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$78,120$77,424$76,745$76,082$75,435$73,079
2 years$38,673$37,953$37,255$36,578$35,922$33,569
3 years$25,526$24,803$24,106$23,436$22,790$20,514
4 years$18,954$18,233$17,543$16,884$16,254$14,073
5 years$15,011$14,295$13,614$12,969$12,356$10,275
6 years$12,384$11,673$11,002$10,371$9,777$7,799
7 years$10,508$9,803$9,143$8,527$7,951$6,075
8 years$9,102$8,403$7,754$7,153$6,596$4,821
9 years$8,008$7,316$6,679$6,093$5,555$3,879
10 years$7,134$6,449$5,822$5,252$4,733$3,153
11 years$6,420$5,741$5,126$4,571$4,071$2,584
12 years$5,825$5,153$4,549$4,009$3,528$2,132
13 years$5,321$4,657$4,064$3,539$3,076$1,767
14 years$4,890$4,233$3,652$3,142$2,697$1,471
15 years$4,517$3,867$3,297$2,802$2,374$1,229
16 years$4,191$3,548$2,989$2,509$2,098$1,029
17 years$3,904$3,267$2,720$2,254$1,861$864
18 years$3,648$3,019$2,483$2,032$1,654$727
19 years$3,420$2,798$2,273$1,836$1,475$613
20 years$3,215$2,600$2,086$1,663$1,317$517
21 years$3,030$2,422$1,919$1,509$1,179$436
22 years$2,862$2,261$1,769$1,372$1,056$369
23 years$2,708$2,114$1,633$1,249$948$312
24 years$2,568$1,981$1,510$1,140$852$264
25 years$2,439$1,859$1,399$1,041$767$224
26 years$2,320$1,747$1,297$952$691$190
27 years$2,210$1,644$1,205$871$623$161
28 years$2,108$1,549$1,120$798$562$136
29 years$2,014$1,462$1,042$732$508$116
30 years$1,926$1,380$971$672$459$98
31 years$1,843$1,305$905$617$415$83
32 years$1,766$1,235$844$567$375$71
33 years$1,694$1,169$788$521$339$60
34 years$1,626$1,108$737$480$307$51
35 years$1,563$1,051$689$442$278$43
36 years$1,502$998$644$407$252$37
37 years$1,446$948$603$375$229$31
38 years$1,392$901$565$345$207$26
39 years$1,341$856$529$318$188$23
40 years$1,293$815$496$294$170$19
41 years$1,248$776$465$271$155$16
42 years$1,204$739$436$250$140$14
43 years$1,163$704$409$231$127$12
44 years$1,124$671$384$213$116$10
45 years$1,087$640$361$197$105$8
46 years$1,051$610$339$182$95$7
47 years$1,017$582$318$168$87$6
48 years$984$556$299$155$79$5
49 years$953$531$281$143$71$4
50 years$924$507$264$133$65$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $946,000, adding $3,055 every year, while hoping to spend $40,770 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: 53/32/15 Blend
34$946,000$946,000$946,000$946,000
35$1,045,643$995,505$980,842$1,096,709
36$1,108,920$1,000,906$970,321$1,137,327
37$1,177,284$1,005,205$958,082$1,176,904
38$1,251,212$1,008,305$944,023$1,219,049
39$1,331,227$1,010,103$928,039$1,264,017
40$1,417,904$1,010,490$910,020$1,312,090
41$1,511,875$1,009,349$889,850$1,363,580
42$1,613,835$1,006,556$867,409$1,418,834
43$1,724,549$1,001,980$842,570$1,478,234
44$1,844,859$995,482$815,202$1,542,205
45$1,975,689$986,915$785,165$1,611,216
46$2,118,057$976,122$752,316$1,685,787
47$2,273,083$962,936$716,503$1,766,493
48$2,442,000$947,182$677,568$1,853,970
49$2,626,163$928,674$635,346$1,948,923
50$2,827,067$907,214$589,665$2,052,130
51$3,046,353$882,593$540,345$2,164,453
52$3,285,831$854,590$487,196$2,286,846
53$3,547,491$822,970$430,022$2,420,361
54$3,833,525$787,486$368,618$2,566,165
55$4,146,347$747,875$302,769$2,725,545
56$4,488,614$703,860$232,251$2,899,927
57$4,863,250$655,147$156,829$3,090,883
58$5,273,479$601,427$76,260$3,300,154
59$5,722,848$542,370$0$3,529,663
60$6,215,264$477,632$0$3,783,089
61$6,755,029$406,845$0$4,074,352
62$7,346,884$329,622$0$4,393,871
63$7,996,048$245,555$0$4,744,556
64$8,708,269$154,211$0$5,129,620
65$9,489,881$55,136$0$5,552,610
66$10,347,858$0$0$6,017,435
67$11,289,884$0$0$6,546,779
68$12,324,423$0$0$7,149,525
69$13,460,798$0$0$7,811,703
70$14,709,282$0$0$8,539,311
71$16,081,188$0$0$9,338,955
72$17,588,982$0$0$10,217,915
73$19,246,399$0$0$11,184,209
74$21,068,567$0$0$12,246,674
75$23,072,156$0$0$13,415,044
76$25,275,530$0$0$14,700,041
77$27,698,925$0$0$16,113,484
78$30,364,632$0$0$17,668,390
79$33,297,214$0$0$19,379,103
80$36,523,735$0$0$21,261,428
81$40,074,012$0$0$23,332,778
82$43,980,901$0$0$25,612,341
83$48,280,601$0$0$28,121,257
84$53,013,001$0$0$30,882,820
85$58,222,050$0$0$33,922,699
86$63,956,177$0$0$37,269,176
87$70,268,742$0$0$40,953,413
88$77,218,544$0$0$45,009,750
89$84,870,370$0$0$49,476,024
90$93,295,612$0$0$54,393,930
91$102,572,936$0$0$59,809,410
92$112,789,023$0$0$65,773,089
93$124,039,391$0$0$72,340,752
94$136,429,293$0$0$79,573,868
95$150,074,707$0$0$87,540,174
96$165,103,437$0$0$96,314,312
97$181,656,313$0$0$105,978,530
98$199,888,520$0$0$116,623,464
99$219,971,064$0$0$128,348,987
100$242,092,387$0$0$141,265,157