Can I retire at age 35 with 970,000?

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 $970,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$80,102$79,388$78,692$78,013$77,349$74,486
2 years$39,654$38,916$38,200$37,506$36,833$33,981
3 years$26,174$25,432$24,718$24,030$23,368$20,617
4 years$19,435$18,695$17,988$17,313$16,666$14,037
5 years$15,392$14,657$13,960$13,298$12,670$10,168
6 years$12,698$11,969$11,282$10,634$10,025$7,654
7 years$10,775$10,051$9,375$8,743$8,153$5,911
8 years$9,333$8,616$7,951$7,334$6,764$4,650
9 years$8,212$7,502$6,848$6,247$5,696$3,707
10 years$7,315$6,612$5,970$5,385$4,853$2,985
11 years$6,583$5,887$5,256$4,687$4,174$2,423
12 years$5,972$5,283$4,665$4,111$3,617$1,978
13 years$5,456$4,775$4,168$3,629$3,154$1,624
14 years$5,015$4,340$3,745$3,222$2,765$1,338
15 years$4,632$3,965$3,381$2,873$2,434$1,106
16 years$4,297$3,638$3,065$2,573$2,152$916
17 years$4,003$3,350$2,789$2,311$1,908$761
18 years$3,741$3,096$2,546$2,083$1,696$633
19 years$3,507$2,869$2,331$1,882$1,512$527
20 years$3,297$2,666$2,139$1,705$1,350$440
21 years$3,107$2,483$1,968$1,547$1,209$367
22 years$2,934$2,318$1,814$1,407$1,083$307
23 years$2,777$2,168$1,674$1,281$972$256
24 years$2,633$2,031$1,549$1,168$874$214
25 years$2,501$1,906$1,434$1,067$786$179
26 years$2,379$1,792$1,330$976$708$150
27 years$2,266$1,686$1,235$893$639$126
28 years$2,162$1,589$1,148$818$576$105
29 years$2,065$1,499$1,069$750$520$88
30 years$1,975$1,415$995$689$470$74
31 years$1,890$1,338$928$632$425$62
32 years$1,811$1,266$866$581$385$52
33 years$1,737$1,199$808$535$348$44
34 years$1,668$1,136$755$492$315$37
35 years$1,602$1,078$706$453$285$31
36 years$1,541$1,023$661$417$259$26
37 years$1,482$972$618$384$234$22
38 years$1,427$923$579$354$212$18
39 years$1,375$878$542$326$193$15
40 years$1,326$835$508$301$175$13
41 years$1,279$795$477$278$159$11
42 years$1,235$757$447$256$144$9
43 years$1,193$722$420$237$131$8
44 years$1,152$688$394$219$119$6
45 years$1,114$656$370$202$108$5
46 years$1,078$626$347$186$98$4
47 years$1,043$597$326$172$89$4
48 years$1,009$570$307$159$81$3
49 years$978$544$288$147$73$3
50 years$947$520$271$136$66$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $970,000, adding $4,388 every year, while hoping to spend $33,544 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: 61/20/19 Blend
34$970,000$970,000$970,000$970,000
35$1,073,466$1,022,056$1,007,021$1,133,422
36$1,147,269$1,036,446$1,005,066$1,188,821
37$1,227,476$1,050,417$1,001,921$1,245,139
38$1,314,704$1,063,913$997,511$1,305,832
39$1,409,633$1,076,875$991,757$1,371,328
40$1,513,011$1,089,237$984,576$1,442,102
41$1,625,661$1,100,932$975,882$1,518,673
42$1,748,488$1,111,888$965,584$1,601,619
43$1,882,490$1,122,026$953,587$1,691,575
44$2,028,762$1,131,264$939,791$1,789,241
45$2,188,514$1,139,514$924,092$1,895,391
46$2,363,074$1,146,682$906,380$2,010,876
47$2,553,907$1,152,668$886,543$2,136,638
48$2,762,623$1,157,366$864,459$2,273,714
49$2,990,996$1,160,663$840,005$2,423,249
50$3,240,982$1,162,439$813,049$2,586,506
51$3,514,730$1,162,567$783,454$2,764,876
52$3,814,610$1,160,911$751,078$2,959,897
53$4,143,232$1,157,327$715,770$3,173,263
54$4,503,468$1,151,662$677,375$3,406,842
55$4,898,484$1,143,756$635,729$3,662,697
56$5,331,764$1,133,435$590,661$3,943,100
57$5,807,149$1,120,518$541,993$4,250,561
58$6,328,867$1,104,812$489,538$4,587,843
59$6,901,575$1,086,112$433,102$4,957,998
60$7,530,405$1,064,201$372,480$5,364,390
61$8,221,010$1,038,850$307,461$5,810,727
62$8,979,615$1,009,815$237,823$6,301,102
63$9,813,080$976,840$163,334$6,840,026
64$10,728,960$939,652$83,753$7,432,474
65$11,735,582$897,962$0$8,083,931
66$12,842,115$851,466$0$8,800,687
67$14,058,664$799,841$0$9,607,308
68$15,396,360$742,746$0$10,494,209
69$16,867,468$679,821$0$11,469,558
70$18,485,501$610,683$0$12,542,358
71$20,265,346$534,930$0$13,722,532
72$22,223,407$452,137$0$15,021,017
73$24,377,756$361,853$0$16,449,866
74$26,748,307$263,604$0$18,022,368
75$29,357,001$156,887$0$19,753,163
76$32,228,012$41,172$0$21,658,393
77$35,387,980$0$0$23,755,847
78$38,866,256$0$0$26,083,637
79$42,695,179$0$0$28,656,160
80$46,910,386$0$0$31,488,308
81$51,551,144$0$0$34,606,476
82$56,660,720$0$0$38,039,748
83$62,286,790$0$0$41,820,170
84$68,481,890$0$0$45,983,057
85$75,303,908$0$0$50,567,321
86$82,816,634$0$0$55,615,841
87$91,090,357$0$0$61,175,866
88$100,202,532$0$0$67,299,460
89$110,238,509$0$0$74,043,996
90$121,292,338$0$0$81,472,694
91$133,467,657$0$0$89,655,220
92$146,878,669$0$0$98,668,342
93$161,651,220$0$0$108,596,653
94$177,923,984$0$0$119,533,372
95$195,849,778$0$0$131,581,222
96$215,596,995$0$0$144,853,400
97$237,351,201$0$0$159,474,642
98$261,316,879$0$0$175,582,407
99$287,719,367$0$0$193,328,166
100$316,806,975$0$0$212,878,838