Can I retire at age 35 with 950,000?

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 $950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$78,450$77,751$77,070$76,404$75,754$74,469
2 years$38,837$38,113$37,412$36,733$36,073$34,782
3 years$25,634$24,908$24,208$23,535$22,887$21,630
4 years$19,034$18,310$17,617$16,956$16,323$15,110
5 years$15,075$14,355$13,672$13,024$12,408$11,244
6 years$12,436$11,722$11,049$10,415$9,818$8,703
7 years$10,552$9,844$9,182$8,563$7,985$6,919
8 years$9,140$8,438$7,787$7,183$6,624$5,607
9 years$8,042$7,347$6,707$6,118$5,579$4,610
10 years$7,165$6,476$5,847$5,274$4,753$3,832
11 years$6,447$5,765$5,148$4,590$4,088$3,214
12 years$5,849$5,175$4,568$4,026$3,543$2,714
13 years$5,344$4,676$4,082$3,554$3,089$2,305
14 years$4,911$4,251$3,667$3,155$2,708$1,967
15 years$4,536$3,883$3,311$2,814$2,384$1,685
16 years$4,209$3,563$3,002$2,520$2,107$1,448
17 years$3,920$3,281$2,732$2,264$1,868$1,248
18 years$3,664$3,032$2,494$2,040$1,661$1,078
19 years$3,435$2,810$2,283$1,843$1,481$933
20 years$3,229$2,611$2,095$1,670$1,323$809
21 years$3,043$2,432$1,927$1,515$1,184$702
22 years$2,874$2,270$1,776$1,378$1,061$610
23 years$2,720$2,123$1,640$1,255$952$531
24 years$2,579$1,989$1,517$1,144$856$462
25 years$2,449$1,867$1,405$1,045$770$403
26 years$2,330$1,755$1,303$956$694$352
27 years$2,220$1,651$1,210$875$626$307
28 years$2,117$1,556$1,125$801$564$268
29 years$2,022$1,468$1,047$735$510$234
30 years$1,934$1,386$975$674$461$205
31 years$1,851$1,311$909$619$416$179
32 years$1,774$1,240$848$569$377$156
33 years$1,701$1,174$792$523$341$137
34 years$1,633$1,113$740$482$309$120
35 years$1,569$1,056$692$443$280$105
36 years$1,509$1,002$647$408$253$92
37 years$1,452$952$606$376$230$80
38 years$1,398$904$567$347$208$70
39 years$1,347$860$531$320$189$62
40 years$1,299$818$498$295$171$54
41 years$1,253$779$467$272$155$47
42 years$1,209$742$438$251$141$41
43 years$1,168$707$411$232$128$36
44 years$1,129$674$386$214$116$32
45 years$1,091$642$362$198$105$28
46 years$1,055$613$340$183$96$24
47 years$1,021$585$320$169$87$21
48 years$989$558$300$156$79$19
49 years$957$533$282$144$72$16
50 years$928$509$265$133$65$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $950,000, adding $2,687 every year, while hoping to spend $37,014 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: 47/42/11 Blend
34$950,000$950,000$950,000$950,000
35$1,049,672$999,322$984,597$1,095,682
36$1,117,356$1,008,906$978,198$1,137,277
37$1,190,703$1,017,719$970,344$1,178,346
38$1,270,252$1,025,684$960,948$1,222,081
39$1,356,594$1,032,720$949,917$1,268,743
40$1,450,383$1,038,739$937,155$1,318,619
41$1,552,333$1,043,649$922,561$1,372,028
42$1,663,234$1,047,350$906,030$1,429,324
43$1,783,952$1,049,739$887,450$1,490,897
44$1,915,442$1,050,703$866,707$1,557,179
45$2,058,755$1,050,125$843,679$1,628,648
46$2,215,045$1,047,878$818,239$1,705,834
47$2,385,585$1,043,830$790,256$1,789,321
48$2,571,775$1,037,838$759,590$1,879,756
49$2,775,157$1,029,753$726,097$1,977,856
50$2,997,428$1,019,415$689,626$2,084,411
51$3,240,454$1,006,656$650,017$2,200,298
52$3,506,294$991,295$607,106$2,326,485
53$3,797,212$973,145$560,721$2,464,040
54$4,115,702$952,003$510,679$2,614,147
55$4,464,510$927,658$456,793$2,778,113
56$4,846,660$899,883$398,866$2,957,382
57$5,265,483$868,441$336,691$3,153,553
58$5,724,646$833,078$270,054$3,368,388
59$6,228,189$793,528$198,730$3,603,837
60$6,780,563$749,509$122,485$3,862,054
61$7,386,666$700,721$41,075$4,145,418
62$8,051,899$646,849$0$4,456,557
63$8,782,207$587,559$0$4,803,749
64$9,584,140$522,498$0$5,190,319
65$10,464,914$451,292$0$5,615,012
66$11,432,478$373,547$0$6,081,773
67$12,495,587$288,848$0$6,594,953
68$13,663,889$196,754$0$7,159,354
69$14,948,012$96,800$0$7,780,275
70$16,359,662$0$0$8,463,566
71$17,911,740$0$0$9,220,994
72$19,618,456$0$0$10,103,201
73$21,495,469$0$0$11,073,554
74$23,560,029$0$0$12,140,988
75$25,831,142$0$0$13,315,345
76$28,329,751$0$0$14,607,470
77$31,078,929$0$0$16,029,312
78$34,104,098$0$0$17,594,035
79$37,433,271$0$0$19,316,147
80$41,097,312$0$0$21,211,631
81$45,130,230$0$0$23,298,100
82$49,569,496$0$0$25,594,959
83$54,456,401$0$0$28,123,592
84$59,836,441$0$0$30,907,561
85$65,759,748$0$0$33,972,828
86$72,281,562$0$0$37,348,003
87$79,462,752$0$0$41,064,609
88$87,370,390$0$0$45,157,383
89$96,078,384$0$0$49,664,601
90$105,668,175$0$0$54,628,443
91$116,229,502$0$0$60,095,385
92$127,861,255$0$0$66,116,642
93$140,672,401$0$0$72,748,651
94$154,783,017$0$0$80,053,601
95$170,325,420$0$0$88,100,019
96$187,445,416$0$0$96,963,423
97$206,303,676$0$0$106,727,025
98$227,077,251$0$0$117,482,525
99$249,961,245$0$0$129,330,970
100$275,170,653$0$0$142,383,711