Can I retire at age 35 with 949,000?

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 $949,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$78,368$77,669$76,988$76,324$75,675$74,853
2 years$38,796$38,073$37,373$36,694$36,036$35,208
3 years$25,607$24,881$24,183$23,510$22,862$22,055
4 years$19,014$18,290$17,599$16,938$16,306$15,525
5 years$15,059$14,340$13,657$13,010$12,395$11,643
6 years$12,423$11,710$11,037$10,404$9,808$9,085
7 years$10,541$9,834$9,172$8,554$7,977$7,283
8 years$9,131$8,429$7,779$7,176$6,617$5,954
9 years$8,034$7,339$6,700$6,112$5,573$4,939
10 years$7,157$6,469$5,841$5,269$4,748$4,143
11 years$6,440$5,759$5,142$4,585$4,084$3,507
12 years$5,843$5,169$4,564$4,022$3,539$2,990
13 years$5,338$4,671$4,077$3,551$3,086$2,565
14 years$4,906$4,246$3,663$3,152$2,705$2,210
15 years$4,532$3,879$3,308$2,811$2,382$1,913
16 years$4,204$3,559$2,999$2,517$2,105$1,661
17 years$3,916$3,278$2,729$2,261$1,866$1,447
18 years$3,660$3,029$2,491$2,038$1,660$1,263
19 years$3,431$2,807$2,280$1,842$1,479$1,105
20 years$3,225$2,608$2,093$1,668$1,321$969
21 years$3,039$2,430$1,925$1,514$1,182$851
22 years$2,871$2,268$1,774$1,376$1,060$748
23 years$2,717$2,121$1,638$1,253$951$658
24 years$2,576$1,987$1,515$1,143$855$580
25 years$2,447$1,865$1,403$1,044$769$512
26 years$2,327$1,753$1,301$955$693$452
27 years$2,217$1,650$1,209$874$625$399
28 years$2,115$1,554$1,123$801$564$353
29 years$2,020$1,466$1,045$734$509$312
30 years$1,932$1,385$974$674$460$276
31 years$1,849$1,309$908$619$416$244
32 years$1,772$1,239$847$569$376$216
33 years$1,700$1,173$791$523$340$192
34 years$1,632$1,112$739$481$308$170
35 years$1,568$1,055$691$443$279$151
36 years$1,507$1,001$646$408$253$133
37 years$1,450$951$605$376$229$118
38 years$1,397$903$566$346$208$105
39 years$1,346$859$531$319$189$93
40 years$1,297$817$497$295$171$83
41 years$1,252$778$466$272$155$73
42 years$1,208$741$438$251$141$65
43 years$1,167$706$411$232$128$58
44 years$1,128$673$385$214$116$51
45 years$1,090$642$362$197$105$45
46 years$1,054$612$340$182$96$40
47 years$1,020$584$319$169$87$36
48 years$988$558$300$156$79$32
49 years$956$533$282$144$72$28
50 years$927$509$265$133$65$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $949,000, adding $4,712 every year, while hoping to spend $54,183 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: 64/23/13 Blend
34$949,000$949,000$949,000$949,000
35$1,050,658$1,000,361$985,652$1,114,400
36$1,100,175$991,729$961,021$1,148,988
37$1,152,927$980,857$933,749$1,180,053
38$1,209,186$967,580$903,690$1,212,641
39$1,269,251$951,720$870,692$1,246,900
40$1,333,450$933,089$834,595$1,282,994
41$1,402,142$911,490$795,234$1,321,108
42$1,475,719$886,712$752,433$1,361,443
43$1,554,614$858,532$706,011$1,404,227
44$1,639,299$826,715$655,778$1,449,711
45$1,730,296$791,012$601,534$1,498,176
46$1,828,173$751,159$543,072$1,549,931
47$1,933,557$706,876$480,176$1,605,322
48$2,047,137$657,870$412,618$1,664,733
49$2,169,666$603,827$340,163$1,728,591
50$2,301,976$544,419$262,562$1,797,367
51$2,444,978$479,296$179,559$1,871,586
52$2,599,675$408,090$90,883$1,951,830
53$2,767,168$330,413$0$2,038,746
54$2,948,669$245,852$0$2,133,569
55$3,145,509$153,975$0$2,250,059
56$3,359,153$54,322$0$2,376,520
57$3,591,212$0$0$2,513,970
58$3,843,457$0$0$2,677,099
59$4,117,840$0$0$2,869,556
60$4,416,503$0$0$3,079,105
61$4,741,807$0$0$3,307,409
62$5,096,349$0$0$3,556,298
63$5,482,987$0$0$3,827,787
64$5,904,866$0$0$4,124,094
65$6,365,449$0$0$4,447,659
66$6,868,548$0$0$4,801,169
67$7,418,359$0$0$5,187,582
68$8,019,501$0$0$5,610,155
69$8,677,059$0$0$6,072,474
70$9,396,636$0$0$6,578,488
71$10,184,396$0$0$7,132,543
72$11,047,131$0$0$7,739,428
73$11,992,319$0$0$8,404,415
74$13,028,194$0$0$9,133,312
75$14,163,828$0$0$9,932,512
76$15,409,209$0$0$10,809,061
77$16,775,341$0$0$11,770,716
78$18,274,341$0$0$12,826,022
79$19,919,558$0$0$13,984,392
80$21,725,697$0$0$15,256,194
81$23,708,953$0$0$16,652,850
82$25,887,170$0$0$18,186,942
83$28,280,001$0$0$19,872,329
84$30,909,100$0$0$21,724,281
85$33,798,321$0$0$23,759,618
86$36,973,941$0$0$25,996,874
87$40,464,912$0$0$28,456,462
88$44,303,131$0$0$31,160,879
89$48,523,738$0$0$34,134,904
90$53,165,451$0$0$37,405,841
91$58,270,925$0$0$41,003,773
92$63,887,159$0$0$44,961,845
93$70,065,937$0$0$49,316,573
94$76,864,311$0$0$54,108,196
95$84,345,147$0$0$59,381,045
96$92,577,709$0$0$65,183,971
97$101,638,318$0$0$71,570,796
98$111,611,065$0$0$78,600,826
99$122,588,611$0$0$86,339,408
100$134,673,052$0$0$94,858,546