Can I retire at age 35 with 974,000?

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 $974,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$80,432$79,716$79,017$78,334$77,668$75,242
2 years$39,818$39,076$38,358$37,661$36,985$34,562
3 years$26,282$25,537$24,820$24,130$23,465$21,122
4 years$19,515$18,772$18,063$17,384$16,735$14,490
5 years$15,456$14,718$14,017$13,353$12,722$10,580
6 years$12,751$12,018$11,328$10,678$10,066$8,029
7 years$10,819$10,093$9,414$8,779$8,187$6,255
8 years$9,371$8,651$7,984$7,365$6,792$4,964
9 years$8,246$7,533$6,876$6,273$5,720$3,993
10 years$7,346$6,640$5,995$5,407$4,873$3,246
11 years$6,610$5,911$5,278$4,706$4,191$2,661
12 years$5,997$5,305$4,684$4,128$3,632$2,195
13 years$5,479$4,794$4,185$3,644$3,167$1,820
14 years$5,035$4,358$3,760$3,235$2,776$1,515
15 years$4,651$3,981$3,395$2,885$2,445$1,265
16 years$4,315$3,653$3,078$2,583$2,160$1,060
17 years$4,019$3,364$2,801$2,321$1,916$890
18 years$3,756$3,108$2,557$2,092$1,703$749
19 years$3,521$2,881$2,341$1,890$1,518$631
20 years$3,310$2,677$2,148$1,712$1,356$532
21 years$3,120$2,494$1,976$1,554$1,214$449
22 years$2,946$2,328$1,821$1,413$1,088$380
23 years$2,788$2,177$1,681$1,286$976$321
24 years$2,644$2,040$1,555$1,173$878$272
25 years$2,511$1,914$1,440$1,072$790$230
26 years$2,389$1,799$1,336$980$711$195
27 years$2,276$1,693$1,240$897$641$166
28 years$2,171$1,595$1,153$822$579$140
29 years$2,073$1,505$1,073$753$523$119
30 years$1,983$1,421$999$691$472$101
31 years$1,898$1,344$932$635$427$86
32 years$1,819$1,271$869$584$386$73
33 years$1,744$1,204$812$537$349$62
34 years$1,674$1,141$758$494$316$52
35 years$1,609$1,082$709$455$287$45
36 years$1,547$1,027$663$419$260$38
37 years$1,489$976$621$386$235$32
38 years$1,433$927$581$356$213$27
39 years$1,381$882$545$328$193$23
40 years$1,332$839$511$302$175$20
41 years$1,285$799$479$279$159$17
42 years$1,240$761$449$257$144$14
43 years$1,198$725$421$238$131$12
44 years$1,157$691$396$219$119$10
45 years$1,119$659$371$203$108$9
46 years$1,082$628$349$187$98$7
47 years$1,047$600$328$173$89$6
48 years$1,014$572$308$160$81$5
49 years$982$547$289$148$73$5
50 years$951$522$272$137$67$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $974,000, adding $3,640 every year, while hoping to spend $47,411 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: 47/34/19 Blend
34$974,000$974,000$974,000$974,000
35$1,077,103$1,025,481$1,010,384$1,121,760
36$1,136,522$1,025,284$993,787$1,153,053
37$1,200,414$1,023,489$975,044$1,181,937
38$1,269,183$1,019,967$954,035$1,212,290
39$1,343,276$1,014,582$930,632$1,244,269
40$1,423,182$1,007,189$904,700$1,278,051
41$1,509,440$997,634$876,101$1,313,832
42$1,602,641$985,756$844,689$1,351,831
43$1,703,434$971,382$810,309$1,392,294
44$1,812,534$954,330$772,804$1,435,495
45$1,930,725$934,405$732,006$1,481,738
46$2,058,872$911,403$687,741$1,531,363
47$2,197,922$885,107$639,826$1,584,749
48$2,348,921$855,288$588,071$1,642,318
49$2,513,016$821,703$532,276$1,704,538
50$2,691,471$784,093$472,235$1,771,931
51$2,885,675$742,188$407,728$1,845,079
52$3,097,157$695,698$338,531$1,924,625
53$3,327,601$644,321$264,406$2,011,286
54$3,578,858$587,735$185,105$2,105,859
55$3,852,966$525,598$100,370$2,209,228
56$4,152,169$457,553$9,933$2,322,372
57$4,478,935$383,218$0$2,446,381
58$4,835,984$302,194$0$2,600,015
59$5,226,309$214,055$0$2,770,350
60$5,653,203$118,355$0$2,956,916
61$6,120,296$14,620$0$3,161,425
62$6,631,582$0$0$3,385,767
63$7,191,460$0$0$3,668,564
64$7,804,775$0$0$3,984,455
65$8,476,861$0$0$4,330,729
66$9,213,594$0$0$4,710,430
67$10,021,444$0$0$5,126,906
68$10,907,539$0$0$5,583,846
69$11,879,729$0$0$6,085,316
70$12,946,661$0$0$6,635,791
71$14,117,858$0$0$7,240,202
72$15,403,812$0$0$7,903,981
73$16,816,081$0$0$8,633,112
74$18,367,395$0$0$9,434,186
75$20,071,780$0$0$10,314,466
76$21,944,685$0$0$11,281,951
77$24,003,132$0$0$12,345,455
78$26,265,874$0$0$13,514,687
79$28,753,570$0$0$14,800,347
80$31,488,981$0$0$16,214,219
81$34,497,185$0$0$17,769,289
82$37,805,809$0$0$19,479,866
83$41,445,295$0$0$21,361,711
84$45,449,183$0$0$23,432,194
85$49,854,426$0$0$25,710,451
86$54,701,740$0$0$28,217,568
87$60,035,989$0$0$30,976,777
88$65,906,604$0$0$34,013,678
89$72,368,049$0$0$37,356,476
90$79,480,340$0$0$41,036,253
91$87,309,603$0$0$45,087,252
92$95,928,702$0$0$49,547,211
93$105,417,926$0$0$54,457,710
94$115,865,741$0$0$59,864,564
95$127,369,633$0$0$65,818,261
96$140,037,017$0$0$72,374,432
97$153,986,258$0$0$79,594,377
98$169,347,784$0$0$87,545,646
99$186,265,316$0$0$96,302,673
100$204,897,225$0$0$105,947,478