Can I retire at age 35 with 971,000?

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 $971,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$80,184$79,470$78,773$78,093$77,429$74,771
2 years$39,695$38,956$38,239$37,545$36,871$34,220
3 years$26,201$25,458$24,743$24,055$23,392$20,832
4 years$19,455$18,714$18,007$17,330$16,684$14,233
5 years$15,408$14,672$13,974$13,311$12,683$10,349
6 years$12,711$11,981$11,293$10,645$10,035$7,820
7 years$10,786$10,062$9,385$8,752$8,161$6,064
8 years$9,342$8,625$7,959$7,342$6,771$4,789
9 years$8,220$7,509$6,855$6,254$5,702$3,834
10 years$7,323$6,619$5,976$5,391$4,858$3,102
11 years$6,589$5,893$5,261$4,692$4,178$2,529
12 years$5,979$5,289$4,669$4,115$3,621$2,075
13 years$5,462$4,780$4,172$3,633$3,157$1,711
14 years$5,020$4,345$3,748$3,225$2,768$1,416
15 years$4,637$3,969$3,384$2,876$2,437$1,176
16 years$4,302$3,641$3,068$2,575$2,154$980
17 years$4,007$3,354$2,792$2,314$1,910$818
18 years$3,745$3,099$2,549$2,085$1,698$684
19 years$3,511$2,872$2,333$1,884$1,513$573
20 years$3,300$2,669$2,141$1,707$1,352$480
21 years$3,110$2,486$1,970$1,549$1,210$403
22 years$2,937$2,320$1,815$1,408$1,084$339
23 years$2,780$2,170$1,676$1,282$973$285
24 years$2,636$2,033$1,550$1,170$875$239
25 years$2,503$1,908$1,436$1,068$787$201
26 years$2,381$1,793$1,332$977$709$170
27 years$2,269$1,688$1,237$894$639$143
28 years$2,164$1,590$1,150$819$577$120
29 years$2,067$1,500$1,070$751$521$101
30 years$1,977$1,417$996$689$471$86
31 years$1,892$1,339$929$633$426$72
32 years$1,813$1,267$867$582$385$61
33 years$1,739$1,200$809$535$348$51
34 years$1,669$1,138$756$492$315$43
35 years$1,604$1,079$707$453$286$36
36 years$1,542$1,024$661$417$259$31
37 years$1,484$973$619$385$235$26
38 years$1,429$924$580$354$213$22
39 years$1,377$879$543$327$193$18
40 years$1,328$836$509$301$175$16
41 years$1,281$796$477$278$159$13
42 years$1,236$758$448$257$144$11
43 years$1,194$722$420$237$131$9
44 years$1,154$689$394$219$119$8
45 years$1,115$657$370$202$108$7
46 years$1,079$626$348$187$98$6
47 years$1,044$598$327$172$89$5
48 years$1,010$571$307$159$81$4
49 years$979$545$289$147$73$3
50 years$948$521$271$136$67$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $971,000, adding $5,514 every year, while hoping to spend $57,160 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: 28/45/27 Blend
34$971,000$971,000$971,000$971,000
35$1,075,730$1,024,267$1,009,216$1,096,710
36$1,124,636$1,013,638$982,207$1,103,214
37$1,176,616$1,000,573$952,378$1,104,875
38$1,231,921$984,891$919,573$1,105,502
39$1,290,829$966,403$883,630$1,105,043
40$1,353,643$944,906$844,381$1,103,450
41$1,420,695$920,187$801,649$1,100,676
42$1,492,349$892,020$755,247$1,096,675
43$1,569,005$860,164$704,984$1,091,403
44$1,651,099$824,368$650,657$1,084,818
45$1,739,111$784,363$592,054$1,076,885
46$1,833,569$739,864$528,956$1,067,569
47$1,935,048$690,573$461,131$1,056,843
48$2,044,184$636,172$388,340$1,044,687
49$2,161,672$576,326$310,331$1,031,086
50$2,288,277$510,680$226,841$1,016,037
51$2,424,838$438,860$137,597$999,545
52$2,572,277$360,470$42,313$981,628
53$2,731,609$275,093$0$962,320
54$2,903,947$182,286$0$958,772
55$3,090,515$81,584$0$968,069
56$3,292,660$0$0$978,189
57$3,511,862$0$0$1,002,964
58$3,749,747$0$0$1,073,825
59$4,008,107$0$0$1,150,924
60$4,288,909$0$0$1,234,865
61$4,594,321$0$0$1,326,314
62$4,926,725$0$0$1,426,005
63$5,288,743$0$0$1,534,742
64$5,683,262$0$0$1,653,414
65$6,113,455$0$0$1,782,998
66$6,582,819$0$0$1,924,569
67$7,095,201$0$0$2,079,311
68$7,654,835$0$0$2,248,527
69$8,266,384$0$0$2,433,653
70$8,934,979$0$0$2,636,268
71$9,666,271$0$0$2,858,114
72$10,466,484$0$0$3,101,105
73$11,342,466$0$0$3,367,352
74$12,301,764$0$0$3,659,180
75$13,352,684$0$0$3,979,148
76$14,504,377$0$0$4,330,074
77$15,766,919$0$0$4,715,064
78$17,151,407$0$0$5,137,537
79$18,670,066$0$0$5,601,262
80$20,336,358$0$0$6,110,386
81$22,165,113$0$0$6,669,482
82$24,172,666$0$0$7,283,584
83$26,377,011$0$0$7,958,240
84$28,797,969$0$0$8,699,560
85$31,457,376$0$0$9,514,277
86$34,379,285$0$0$10,409,807
87$37,590,197$0$0$11,394,321
88$41,119,306$0$0$12,476,820
89$44,998,772$0$0$13,667,223
90$49,264,032$0$0$14,976,458
91$53,954,122$0$0$16,416,562
92$59,112,054$0$0$18,000,800
93$64,785,216$0$0$19,743,788
94$71,025,817$0$0$21,661,628
95$77,891,384$0$0$23,772,064
96$85,445,298$0$0$26,094,643
97$93,757,395$0$0$28,650,908
98$102,904,620$0$0$31,464,591
99$112,971,758$0$0$34,561,846
100$124,052,227$0$0$37,971,488