Can I retire at age 35 with 978,000?

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 $978,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$80,762$80,043$79,341$78,656$77,987$75,795
2 years$39,981$39,237$38,515$37,815$37,137$34,944
3 years$26,389$25,642$24,922$24,229$23,561$21,438
4 years$19,595$18,849$18,137$17,455$16,804$14,766
5 years$15,519$14,778$14,075$13,407$12,774$10,827
6 years$12,803$12,067$11,375$10,722$10,108$8,253
7 years$10,863$10,134$9,452$8,815$8,220$6,458
8 years$9,410$8,687$8,016$7,395$6,820$5,149
9 years$8,279$7,563$6,904$6,299$5,743$4,163
10 years$7,376$6,667$6,019$5,430$4,893$3,401
11 years$6,637$5,935$5,299$4,725$4,208$2,802
12 years$6,022$5,327$4,703$4,145$3,647$2,324
13 years$5,501$4,814$4,202$3,659$3,180$1,937
14 years$5,056$4,376$3,775$3,248$2,788$1,621
15 years$4,670$3,997$3,409$2,897$2,455$1,362
16 years$4,333$3,668$3,091$2,594$2,169$1,148
17 years$4,036$3,378$2,812$2,331$1,923$969
18 years$3,772$3,121$2,567$2,100$1,710$820
19 years$3,536$2,893$2,350$1,898$1,524$695
20 years$3,324$2,688$2,157$1,719$1,362$590
21 years$3,132$2,504$1,984$1,560$1,219$501
22 years$2,958$2,337$1,828$1,418$1,092$426
23 years$2,800$2,186$1,688$1,292$980$363
24 years$2,655$2,048$1,561$1,178$881$309
25 years$2,521$1,922$1,446$1,076$793$264
26 years$2,399$1,806$1,341$984$714$225
27 years$2,285$1,700$1,245$900$644$192
28 years$2,180$1,602$1,158$825$581$164
29 years$2,082$1,511$1,077$757$525$140
30 years$1,991$1,427$1,004$694$474$119
31 years$1,906$1,349$936$638$429$102
32 years$1,826$1,277$873$586$388$87
33 years$1,751$1,209$815$539$351$75
34 years$1,681$1,146$762$496$318$64
35 years$1,615$1,087$712$456$288$54
36 years$1,553$1,032$666$420$261$47
37 years$1,495$980$623$387$236$40
38 years$1,439$931$584$357$214$34
39 years$1,387$885$547$329$194$29
40 years$1,337$842$513$304$176$25
41 years$1,290$802$481$280$160$21
42 years$1,245$764$451$259$145$18
43 years$1,203$728$423$239$132$16
44 years$1,162$694$397$220$119$13
45 years$1,123$661$373$204$108$11
46 years$1,087$631$350$188$98$10
47 years$1,051$602$329$174$89$8
48 years$1,018$575$309$160$81$7
49 years$986$549$291$148$74$6
50 years$955$524$273$137$67$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $978,000, adding $4,414 every year, while hoping to spend $40,106 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: 34/41/25 Blend
34$978,000$978,000$978,000$978,000
35$1,082,309$1,030,475$1,015,316$1,110,761
36$1,150,032$1,038,296$1,006,657$1,140,244
37$1,223,319$1,045,156$996,363$1,168,079
38$1,302,694$1,050,965$984,338$1,197,298
39$1,388,735$1,055,629$970,480$1,228,052
40$1,482,078$1,059,046$954,682$1,260,507
41$1,583,419$1,061,109$936,834$1,294,849
42$1,693,528$1,061,703$916,818$1,331,288
43$1,813,249$1,060,708$894,512$1,370,055
44$1,943,511$1,057,993$869,789$1,411,412
45$2,085,337$1,053,423$842,515$1,455,648
46$2,239,853$1,046,852$812,550$1,503,086
47$2,408,296$1,038,126$779,749$1,554,086
48$2,592,030$1,027,081$743,958$1,609,049
49$2,792,554$1,013,546$705,018$1,668,422
50$3,011,520$997,335$662,761$1,732,701
51$3,250,745$978,255$617,014$1,802,439
52$3,512,232$956,099$567,595$1,878,250
53$3,798,181$930,650$514,311$1,960,816
54$4,111,021$901,677$456,966$2,050,897
55$4,453,421$868,935$395,350$2,149,334
56$4,828,322$832,166$329,246$2,257,061
57$5,238,964$791,095$258,429$2,375,117
58$5,688,914$745,434$182,662$2,504,652
59$6,182,099$694,876$101,697$2,646,943
60$6,722,845$639,097$15,276$2,803,404
61$7,315,918$577,756$0$2,975,605
62$7,966,566$510,490$0$3,185,810
63$8,680,569$436,917$0$3,421,103
64$9,464,296$356,634$0$3,679,614
65$10,324,759$269,214$0$3,963,788
66$11,269,685$174,207$0$4,276,326
67$12,307,585$71,135$0$4,620,211
68$13,447,835$0$0$4,998,740
69$14,700,765$0$0$5,433,826
70$16,077,752$0$0$5,947,417
71$17,591,334$0$0$6,512,113
72$19,255,322$0$0$7,133,087
73$21,084,930$0$0$7,816,037
74$23,096,924$0$0$8,567,243
75$25,309,774$0$0$9,393,622
76$27,743,828$0$0$10,302,796
77$30,421,509$0$0$11,303,163
78$33,367,519$0$0$12,403,977
79$36,609,076$0$0$13,615,431
80$40,176,172$0$0$14,948,761
81$44,101,851$0$0$16,416,344
82$48,422,521$0$0$18,031,819
83$53,178,302$0$0$19,810,214
84$58,413,397$0$0$21,768,089
85$64,176,516$0$0$23,923,690
86$70,521,330$0$0$26,297,123
87$77,506,976$0$0$28,910,542
88$85,198,622$0$0$31,788,360
89$93,668,072$0$0$34,957,477
90$102,994,451$0$0$38,447,535
91$113,264,945$0$0$42,291,198
92$124,575,630$0$0$46,524,457
93$137,032,371$0$0$51,186,975
94$150,751,825$0$0$56,322,456
95$165,862,541$0$0$61,979,061
96$182,506,172$0$0$68,209,857
97$200,838,812$0$0$75,073,327
98$221,032,466$0$0$82,633,911
99$243,276,679$0$0$90,962,623
100$267,780,316$0$0$100,137,715