Can I retire at age 35 with 980,000?

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 $980,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$80,927$80,207$79,503$78,817$78,147$75,016
2 years$40,063$39,317$38,594$37,893$37,213$34,098
3 years$26,443$25,694$24,973$24,278$23,609$20,609
4 years$19,635$18,888$18,174$17,491$16,838$13,975
5 years$15,551$14,808$14,104$13,435$12,800$10,081
6 years$12,829$12,092$11,398$10,744$10,128$7,555
7 years$10,886$10,155$9,472$8,833$8,237$5,808
8 years$9,429$8,705$8,033$7,410$6,833$4,547
9 years$8,296$7,579$6,919$6,312$5,755$3,607
10 years$7,391$6,680$6,032$5,441$4,903$2,890
11 years$6,650$5,947$5,310$4,735$4,217$2,333
12 years$6,034$5,338$4,713$4,153$3,654$1,895
13 years$5,513$4,824$4,211$3,667$3,187$1,547
14 years$5,066$4,385$3,783$3,255$2,793$1,267
15 years$4,680$4,006$3,416$2,903$2,460$1,041
16 years$4,342$3,675$3,097$2,599$2,174$858
17 years$4,044$3,385$2,818$2,335$1,927$708
18 years$3,779$3,128$2,572$2,105$1,714$586
19 years$3,543$2,899$2,355$1,902$1,528$485
20 years$3,331$2,693$2,161$1,722$1,364$402
21 years$3,139$2,509$1,988$1,563$1,221$333
22 years$2,964$2,342$1,832$1,421$1,094$277
23 years$2,806$2,190$1,692$1,294$982$230
24 years$2,660$2,052$1,565$1,181$883$191
25 years$2,527$1,926$1,449$1,078$795$159
26 years$2,403$1,810$1,344$986$716$132
27 years$2,290$1,703$1,248$902$645$110
28 years$2,184$1,605$1,160$827$582$92
29 years$2,086$1,514$1,080$758$526$76
30 years$1,995$1,430$1,006$696$475$63
31 years$1,910$1,352$938$639$430$53
32 years$1,830$1,279$875$587$389$44
33 years$1,755$1,211$817$540$352$37
34 years$1,685$1,148$763$497$318$31
35 years$1,619$1,089$713$457$288$25
36 years$1,556$1,034$667$421$261$21
37 years$1,498$982$625$388$237$18
38 years$1,442$933$585$358$215$15
39 years$1,390$887$548$330$195$12
40 years$1,340$844$514$304$177$10
41 years$1,293$803$482$281$160$9
42 years$1,248$765$452$259$145$7
43 years$1,205$729$424$239$132$6
44 years$1,164$695$398$221$120$5
45 years$1,126$663$374$204$109$4
46 years$1,089$632$351$188$99$3
47 years$1,054$603$330$174$90$3
48 years$1,020$576$310$161$81$2
49 years$988$550$291$149$74$2
50 years$957$525$274$137$67$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $980,000, adding $3,513 every year, while hoping to spend $43,819 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: 27/45/28 Blend
34$980,000$980,000$980,000$980,000
35$1,083,584$1,031,644$1,016,454$1,103,325
36$1,147,486$1,035,571$1,003,882$1,123,517
37$1,216,438$1,038,222$989,420$1,141,186
38$1,290,908$1,039,489$972,959$1,159,268
39$1,371,412$1,039,254$954,384$1,177,827
40$1,458,514$1,037,397$933,575$1,196,940
41$1,552,839$1,033,786$910,406$1,216,694
42$1,655,070$1,028,283$884,746$1,237,190
43$1,765,960$1,020,741$856,457$1,258,542
44$1,886,335$1,011,005$825,396$1,280,882
45$2,017,107$998,910$791,413$1,304,359
46$2,159,276$984,280$754,349$1,329,143
47$2,313,944$966,931$714,041$1,355,427
48$2,482,321$946,666$670,317$1,383,429
49$2,665,743$923,278$622,997$1,413,396
50$2,865,676$896,545$571,895$1,445,607
51$3,083,734$866,236$516,813$1,480,374
52$3,321,697$832,103$457,547$1,518,053
53$3,581,519$793,885$393,884$1,559,039
54$3,865,354$751,306$325,600$1,603,778
55$4,175,574$704,074$252,462$1,652,772
56$4,514,790$651,880$174,226$1,706,580
57$4,885,874$594,398$90,638$1,765,831
58$5,291,992$531,283$1,434$1,831,226
59$5,736,629$462,169$0$1,903,549
60$6,223,621$386,671$0$2,011,691
61$6,757,195$304,383$0$2,130,894
62$7,342,005$214,874$0$2,261,911
63$7,983,176$117,689$0$2,406,051
64$8,686,354$12,349$0$2,564,767
65$9,457,755$0$0$2,739,669
66$10,304,230$0$0$2,982,878
67$11,233,321$0$0$3,256,704
68$12,253,339$0$0$3,557,502
69$13,373,436$0$0$3,887,992
70$14,603,696$0$0$4,251,173
71$15,955,226$0$0$4,650,346
72$17,440,265$0$0$5,089,150
73$19,072,292$0$0$5,571,592
74$20,866,159$0$0$6,102,090
75$22,838,228$0$0$6,685,507
76$25,006,526$0$0$7,327,204
77$27,390,911$0$0$8,033,087
78$30,013,267$0$0$8,809,663
79$32,897,700$0$0$9,664,102
80$36,070,772$0$0$10,604,303
81$39,561,748$0$0$11,638,970
82$43,402,875$0$0$12,777,694
83$47,629,681$0$0$14,031,041
84$52,281,311$0$0$15,410,655
85$57,400,900$0$0$16,929,366
86$63,035,974$0$0$18,601,311
87$69,238,901$0$0$20,442,066
88$76,067,385$0$0$22,468,795
89$83,585,007$0$0$24,700,413
90$91,861,826$0$0$27,157,760
91$100,975,043$0$0$29,863,800
92$111,009,721$0$0$32,843,838
93$122,059,597$0$0$36,125,759
94$134,227,957$0$0$39,740,290
95$147,628,615$0$0$43,721,288
96$162,386,987$0$0$48,106,064
97$178,641,270$0$0$52,935,731
98$196,543,751$0$0$58,255,593
99$216,262,239$0$0$64,115,575
100$237,981,650$0$0$70,570,689