Can I retire at age 35 with 966,000?

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 $966,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$79,771$79,061$78,368$77,691$77,030$75,016
2 years$39,491$38,755$38,043$37,351$36,681$34,665
3 years$26,066$25,327$24,616$23,931$23,272$21,318
4 years$19,354$18,618$17,914$17,241$16,598$14,721
5 years$15,329$14,597$13,902$13,243$12,617$10,822
6 years$12,646$11,919$11,235$10,590$9,984$8,272
7 years$10,730$10,010$9,336$8,707$8,119$6,492
8 years$9,294$8,580$7,918$7,304$6,736$5,191
9 years$8,178$7,471$6,820$6,221$5,673$4,209
10 years$7,285$6,585$5,946$5,363$4,833$3,450
11 years$6,555$5,862$5,234$4,667$4,157$2,851
12 years$5,948$5,262$4,645$4,094$3,602$2,372
13 years$5,434$4,755$4,150$3,614$3,141$1,984
14 years$4,994$4,322$3,729$3,208$2,754$1,667
15 years$4,613$3,948$3,367$2,861$2,424$1,405
16 years$4,280$3,623$3,053$2,562$2,143$1,188
17 years$3,986$3,336$2,778$2,302$1,900$1,007
18 years$3,725$3,083$2,536$2,075$1,689$855
19 years$3,493$2,857$2,321$1,874$1,506$728
20 years$3,283$2,655$2,130$1,698$1,345$620
21 years$3,094$2,473$1,960$1,541$1,204$529
22 years$2,922$2,308$1,806$1,401$1,079$452
23 years$2,766$2,159$1,668$1,276$968$386
24 years$2,622$2,023$1,542$1,164$870$330
25 years$2,490$1,898$1,428$1,063$783$283
26 years$2,369$1,784$1,325$972$706$242
27 years$2,257$1,679$1,230$889$636$207
28 years$2,153$1,582$1,144$815$574$178
29 years$2,056$1,493$1,064$747$518$152
30 years$1,966$1,410$991$686$468$131
31 years$1,882$1,333$924$630$423$112
32 years$1,804$1,261$862$579$383$96
33 years$1,730$1,194$805$532$347$82
34 years$1,661$1,132$752$490$314$71
35 years$1,596$1,073$703$451$284$61
36 years$1,534$1,019$658$415$258$52
37 years$1,476$968$616$383$233$45
38 years$1,422$920$577$353$212$38
39 years$1,370$874$540$325$192$33
40 years$1,321$832$506$300$174$28
41 years$1,274$792$475$277$158$24
42 years$1,230$754$445$255$143$21
43 years$1,188$719$418$236$130$18
44 years$1,148$685$392$218$118$15
45 years$1,110$653$368$201$107$13
46 years$1,073$623$346$186$97$11
47 years$1,038$595$325$172$88$10
48 years$1,005$568$305$159$80$8
49 years$974$542$287$146$73$7
50 years$943$518$270$135$66$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $966,000, adding $4,266 every year, while hoping to spend $40,397 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: 51/23/26 Blend
34$966,000$966,000$966,000$966,000
35$1,068,932$1,017,734$1,002,761$1,115,445
36$1,134,981$1,024,621$993,372$1,155,116
37$1,206,413$1,030,492$982,314$1,193,805
38$1,283,735$1,035,253$969,489$1,235,064
39$1,367,503$1,038,807$954,793$1,279,156
40$1,458,329$1,041,050$938,120$1,326,370
41$1,556,887$1,041,869$919,355$1,377,027
42$1,663,916$1,041,148$898,380$1,431,483
43$1,780,232$1,038,760$875,072$1,490,133
44$1,906,729$1,034,574$849,301$1,553,413
45$2,044,394$1,028,446$820,931$1,621,807
46$2,194,312$1,020,229$789,822$1,695,851
47$2,357,674$1,009,763$755,823$1,776,136
48$2,535,795$996,880$718,781$1,863,318
49$2,730,120$981,401$678,535$1,958,125
50$2,942,240$963,137$634,913$2,061,358
51$3,173,906$941,888$587,740$2,173,907
52$3,427,046$917,442$536,831$2,296,754
53$3,703,782$889,575$481,992$2,430,986
54$4,006,451$858,047$423,023$2,577,806
55$4,337,627$822,609$359,712$2,738,541
56$4,700,142$782,994$291,839$2,914,661
57$5,097,116$738,920$219,175$3,107,790
58$5,531,984$690,090$141,480$3,319,723
59$6,008,530$636,188$58,503$3,552,443
60$6,530,921$576,882$0$3,808,141
61$7,103,745$511,820$0$4,097,575
62$7,732,058$440,630$0$4,432,945
63$8,421,426$362,919$0$4,801,038
64$9,177,982$278,272$0$5,205,199
65$10,008,480$186,251$0$5,649,119
66$10,920,361$86,393$0$6,136,867
67$11,921,820$0$0$6,672,930
68$13,021,887$0$0$7,267,773
69$14,230,508$0$0$7,945,443
70$15,558,641$0$0$8,690,230
71$17,018,357$0$0$9,508,917
72$18,622,955$0$0$10,408,977
73$20,387,086$0$0$11,398,644
74$22,326,894$0$0$12,486,986
75$24,460,163$0$0$13,683,999
76$26,806,487$0$0$15,000,692
77$29,387,454$0$0$16,449,197
78$32,226,851$0$0$18,042,880
79$35,350,886$0$0$19,796,469
80$38,788,434$0$0$21,726,189
81$42,571,313$0$0$23,849,922
82$46,734,579$0$0$26,187,366
83$51,316,860$0$0$28,760,230
84$56,360,717$0$0$31,592,431
85$61,913,047$0$0$34,710,324
86$68,025,527$0$0$38,142,949
87$74,755,096$0$0$41,922,306
88$82,164,496$0$0$46,083,653
89$90,322,863$0$0$50,665,844
90$99,306,378$0$0$55,711,690
91$109,198,985$0$0$61,268,368
92$120,093,183$0$0$67,387,861
93$132,090,900$0$0$74,127,450
94$145,304,453$0$0$81,550,257
95$159,857,608$0$0$89,725,838
96$175,886,745$0$0$98,730,838
97$193,542,150$0$0$108,649,716
98$212,989,427$0$0$119,575,542
99$234,411,065$0$0$131,610,875
100$258,008,157$0$0$144,868,728