Can I retire at age 35 with 962,000?

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 $962,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$79,441$78,733$78,043$77,369$76,711$74,285
2 years$39,327$38,595$37,885$37,197$36,529$34,107
3 years$25,958$25,222$24,514$23,832$23,176$20,833
4 years$19,274$18,541$17,840$17,170$16,529$14,285
5 years$15,265$14,536$13,845$13,188$12,565$10,424
6 years$12,593$11,870$11,188$10,547$9,942$7,907
7 years$10,686$9,968$9,298$8,671$8,086$6,156
8 years$9,256$8,545$7,885$7,274$6,708$4,883
9 years$8,144$7,440$6,791$6,196$5,649$3,926
10 years$7,255$6,558$5,921$5,341$4,813$3,189
11 years$6,528$5,838$5,213$4,648$4,140$2,612
12 years$5,923$5,240$4,626$4,077$3,587$2,153
13 years$5,411$4,735$4,133$3,599$3,128$1,784
14 years$4,973$4,304$3,714$3,195$2,742$1,484
15 years$4,594$3,932$3,353$2,849$2,414$1,239
16 years$4,262$3,608$3,040$2,551$2,134$1,037
17 years$3,970$3,322$2,766$2,292$1,892$870
18 years$3,710$3,070$2,525$2,066$1,682$731
19 years$3,478$2,845$2,312$1,867$1,499$616
20 years$3,270$2,644$2,122$1,691$1,339$519
21 years$3,081$2,463$1,951$1,534$1,199$438
22 years$2,910$2,299$1,799$1,395$1,074$370
23 years$2,754$2,150$1,661$1,271$964$313
24 years$2,611$2,015$1,536$1,159$867$265
25 years$2,480$1,891$1,422$1,058$780$224
26 years$2,359$1,777$1,319$968$703$190
27 years$2,248$1,672$1,225$886$633$161
28 years$2,144$1,576$1,139$812$572$136
29 years$2,048$1,486$1,060$744$516$115
30 years$1,958$1,404$987$683$466$98
31 years$1,875$1,327$920$627$422$83
32 years$1,796$1,256$859$576$381$70
33 years$1,723$1,189$802$530$345$60
34 years$1,654$1,127$749$488$312$51
35 years$1,589$1,069$700$449$283$43
36 years$1,528$1,015$655$414$256$36
37 years$1,470$964$613$381$232$31
38 years$1,416$916$574$351$211$26
39 years$1,364$871$538$324$191$22
40 years$1,315$829$504$299$173$19
41 years$1,269$789$473$276$157$16
42 years$1,225$751$444$254$143$14
43 years$1,183$716$416$235$129$12
44 years$1,143$682$391$217$118$10
45 years$1,105$651$367$200$107$8
46 years$1,069$621$345$185$97$7
47 years$1,034$592$324$171$88$6
48 years$1,001$565$304$158$80$5
49 years$969$540$286$146$73$4
50 years$939$516$269$135$66$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $962,000, adding $2,637 every year, while hoping to spend $33,918 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: 67/19/14 Blend
34$962,000$962,000$962,000$962,000
35$1,062,844$1,011,858$996,947$1,130,438
36$1,135,166$1,025,351$994,256$1,189,331
37$1,213,727$1,038,368$990,339$1,249,458
38$1,299,130$1,050,850$985,117$1,314,342
39$1,392,033$1,062,734$978,511$1,384,449
40$1,493,166$1,073,953$970,436$1,460,290
41$1,603,327$1,084,435$960,804$1,542,428
42$1,723,397$1,094,102$949,521$1,631,484
43$1,854,344$1,102,875$936,492$1,728,144
44$1,997,236$1,110,664$921,613$1,833,162
45$2,153,246$1,117,379$904,779$1,947,373
46$2,323,667$1,122,920$885,878$2,071,695
47$2,509,920$1,127,182$864,794$2,207,139
48$2,713,571$1,130,054$841,405$2,354,823
49$2,936,346$1,131,417$815,582$2,515,978
50$3,180,143$1,131,146$787,194$2,691,962
51$3,447,052$1,129,106$756,099$2,884,270
52$3,739,376$1,125,157$722,153$3,094,555
53$4,059,649$1,119,147$685,202$3,324,635
54$4,410,665$1,110,916$645,088$3,576,518
55$4,795,497$1,100,295$601,642$3,852,415
56$5,217,533$1,087,105$554,693$4,154,768
57$5,680,503$1,071,155$504,056$4,486,266
58$6,188,515$1,052,242$449,543$4,849,874
59$6,746,096$1,030,154$390,955$5,248,864
60$7,358,229$1,004,664$328,084$5,686,840
61$8,030,408$975,531$260,714$6,167,779
62$8,768,680$942,503$188,619$6,696,064
63$9,579,710$905,310$111,562$7,276,528
64$10,470,839$863,669$29,297$7,914,497
65$11,450,154$817,278$0$8,615,848
66$12,526,564$765,819$0$9,395,793
67$13,709,886$708,957$0$10,257,974
68$15,010,934$646,335$0$11,205,923
69$16,441,621$577,578$0$12,248,362
70$18,015,075$502,288$0$13,394,903
71$19,745,759$420,046$0$14,656,140
72$21,649,606$330,408$0$16,043,751
73$23,744,174$232,906$0$17,570,605
74$26,048,806$127,045$0$19,250,885
75$28,584,817$12,302$0$21,100,223
76$31,375,690$0$0$23,135,850
77$34,447,302$0$0$25,400,143
78$37,828,164$0$0$27,895,308
79$41,549,692$0$0$30,641,966
80$45,646,502$0$0$33,665,676
81$50,156,737$0$0$36,994,599
82$55,122,426$0$0$40,659,765
83$60,589,881$0$0$44,695,367
84$66,610,133$0$0$49,139,082
85$73,239,413$0$0$54,032,426
86$80,539,684$0$0$59,421,149
87$88,579,222$0$0$65,355,659
88$97,433,265$0$0$71,891,507
89$107,184,718$0$0$79,089,902
90$117,924,937$0$0$87,018,296
91$129,754,590$0$0$95,751,015
92$142,784,609$0$0$105,369,961
93$157,137,234$0$0$115,965,389
94$172,947,168$0$0$127,636,754
95$190,362,846$0$0$140,493,648
96$209,547,838$0$0$154,656,841
97$230,682,391$0$0$170,259,414
98$253,965,128$0$0$187,448,018
99$279,614,929$0$0$206,384,257
100$307,872,989$0$0$227,246,214