Can I retire at age 35 with 973,000?

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 $973,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$80,349$79,634$78,935$78,254$77,588$74,985
2 years$39,777$39,036$38,318$37,622$36,947$34,349
3 years$26,255$25,511$24,794$24,105$23,441$20,931
4 years$19,495$18,753$18,044$17,366$16,718$14,315
5 years$15,440$14,703$14,003$13,339$12,709$10,419
6 years$12,737$12,006$11,316$10,667$10,056$7,882
7 years$10,808$10,082$9,404$8,770$8,178$6,119
8 years$9,361$8,642$7,975$7,357$6,785$4,839
9 years$8,237$7,525$6,869$6,267$5,714$3,879
10 years$7,338$6,633$5,989$5,402$4,868$3,141
11 years$6,603$5,905$5,272$4,701$4,187$2,564
12 years$5,991$5,300$4,679$4,124$3,628$2,107
13 years$5,473$4,789$4,180$3,641$3,164$1,740
14 years$5,030$4,353$3,756$3,232$2,773$1,442
15 years$4,646$3,977$3,391$2,882$2,442$1,200
16 years$4,311$3,649$3,075$2,581$2,158$1,001
17 years$4,015$3,360$2,798$2,319$1,914$836
18 years$3,752$3,105$2,554$2,090$1,702$700
19 years$3,518$2,878$2,338$1,888$1,517$587
20 years$3,307$2,674$2,146$1,710$1,355$493
21 years$3,116$2,491$1,974$1,552$1,212$415
22 years$2,943$2,325$1,819$1,411$1,087$349
23 years$2,786$2,175$1,680$1,285$975$294
24 years$2,641$2,038$1,553$1,172$877$247
25 years$2,509$1,912$1,439$1,070$789$209
26 years$2,386$1,797$1,334$979$711$176
27 years$2,273$1,691$1,239$896$641$148
28 years$2,169$1,594$1,152$821$578$125
29 years$2,071$1,503$1,072$753$522$106
30 years$1,981$1,420$998$691$472$89
31 years$1,896$1,342$931$634$426$75
32 years$1,817$1,270$868$583$386$64
33 years$1,743$1,203$811$536$349$54
34 years$1,673$1,140$758$493$316$45
35 years$1,607$1,081$708$454$286$38
36 years$1,545$1,026$663$418$259$32
37 years$1,487$975$620$385$235$27
38 years$1,432$926$581$355$213$23
39 years$1,380$881$544$328$193$20
40 years$1,330$838$510$302$175$17
41 years$1,283$798$478$279$159$14
42 years$1,239$760$449$257$144$12
43 years$1,196$724$421$237$131$10
44 years$1,156$690$395$219$119$8
45 years$1,118$658$371$202$108$7
46 years$1,081$628$348$187$98$6
47 years$1,046$599$327$173$89$5
48 years$1,013$572$308$160$81$4
49 years$981$546$289$148$73$4
50 years$950$522$272$136$67$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $973,000, adding $6,401 every year, while hoping to spend $55,710 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: 60/24/16 Blend
34$973,000$973,000$973,000$973,000
35$1,078,849$1,027,280$1,012,198$1,138,823
36$1,129,616$1,018,341$986,832$1,171,105
37$1,183,695$1,007,098$958,748$1,199,533
38$1,241,364$993,378$927,798$1,229,243
39$1,302,928$976,998$893,825$1,260,363
40$1,368,723$957,767$856,664$1,293,040
41$1,439,114$935,480$816,144$1,327,438
42$1,514,506$909,920$772,087$1,363,737
43$1,595,338$880,859$724,305$1,402,142
44$1,682,096$848,054$672,602$1,442,879
45$1,775,309$811,249$616,774$1,486,202
46$1,875,563$770,172$556,608$1,532,391
47$1,983,496$724,535$491,879$1,581,763
48$2,099,811$674,037$422,357$1,634,667
49$2,225,282$618,355$347,796$1,691,493
50$2,360,757$557,150$267,943$1,752,674
51$2,507,167$490,064$182,532$1,818,694
52$2,665,539$416,717$91,287$1,890,088
53$2,836,997$336,710$0$1,967,453
54$3,022,781$249,619$0$2,052,490
55$3,224,252$154,997$0$2,161,597
56$3,442,906$52,373$0$2,280,042
57$3,680,392$0$0$2,408,788
58$3,938,520$0$0$2,564,417
59$4,219,283$0$0$2,748,806
60$4,524,873$0$0$2,949,572
61$4,857,703$0$0$3,168,307
62$5,220,427$0$0$3,406,767
63$5,615,967$0$0$3,666,881
64$6,047,539$0$0$3,950,775
65$6,518,681$0$0$4,260,787
66$7,033,290$0$0$4,599,491
67$7,595,655$0$0$4,969,723
68$8,210,498$0$0$5,374,602
69$8,883,017$0$0$5,817,565
70$9,618,937$0$0$6,302,395
71$10,424,562$0$0$6,833,258
72$11,306,831$0$0$7,414,742
73$12,273,390$0$0$8,051,898
74$13,332,655$0$0$8,750,292
75$14,493,898$0$0$9,516,050
76$15,767,329$0$0$10,355,922
77$17,164,194$0$0$11,277,342
78$18,696,880$0$0$12,288,498
79$20,379,031$0$0$13,398,409
80$22,225,676$0$0$14,617,010
81$24,253,371$0$0$15,955,246
82$26,480,351$0$0$17,425,171
83$28,926,708$0$0$19,040,067
84$31,614,572$0$0$20,814,565
85$34,568,324$0$0$22,764,783
86$37,814,824$0$0$24,908,478
87$41,383,664$0$0$27,265,212
88$45,307,445$0$0$29,856,540
89$49,622,085$0$0$32,706,206
90$54,367,157$0$0$35,840,374
91$59,586,260$0$0$39,287,869
92$65,327,432$0$0$43,080,449
93$71,643,600$0$0$47,253,106
94$78,593,079$0$0$51,844,396
95$86,240,122$0$0$56,896,799
96$94,655,526$0$0$62,457,121
97$103,917,298$0$0$68,576,937
98$114,111,387$0$0$75,313,074
99$125,332,501$0$0$82,728,147
100$137,684,994$0$0$90,891,152