Can I retire at age 35 with 982,000?

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 $982,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$81,093$80,370$79,666$78,978$78,306$76,228
2 years$40,145$39,397$38,673$37,970$37,289$35,209
3 years$26,497$25,747$25,024$24,328$23,657$21,642
4 years$19,675$18,926$18,211$17,527$16,873$14,937
5 years$15,583$14,839$14,132$13,462$12,826$10,975
6 years$12,855$12,117$11,421$10,766$10,149$8,385
7 years$10,908$10,176$9,491$8,851$8,254$6,576
8 years$9,448$8,722$8,049$7,425$6,847$5,256
9 years$8,313$7,594$6,933$6,325$5,767$4,259
10 years$7,406$6,694$6,044$5,452$4,913$3,489
11 years$6,664$5,959$5,321$4,745$4,226$2,881
12 years$6,046$5,349$4,722$4,162$3,662$2,396
13 years$5,524$4,834$4,219$3,674$3,193$2,002
14 years$5,077$4,394$3,791$3,262$2,799$1,681
15 years$4,689$4,014$3,423$2,909$2,465$1,416
16 years$4,351$3,683$3,103$2,604$2,178$1,196
17 years$4,052$3,392$2,824$2,340$1,931$1,013
18 years$3,787$3,134$2,578$2,109$1,717$860
19 years$3,550$2,904$2,360$1,906$1,531$731
20 years$3,338$2,699$2,166$1,726$1,367$622
21 years$3,145$2,514$1,992$1,566$1,223$531
22 years$2,971$2,347$1,836$1,424$1,097$453
23 years$2,811$2,195$1,695$1,297$984$387
24 years$2,666$2,056$1,568$1,183$885$330
25 years$2,532$1,930$1,452$1,080$796$283
26 years$2,408$1,814$1,347$988$717$242
27 years$2,294$1,707$1,251$904$647$207
28 years$2,189$1,608$1,163$828$583$177
29 years$2,090$1,517$1,082$760$527$152
30 years$1,999$1,433$1,008$697$476$130
31 years$1,913$1,355$939$640$430$112
32 years$1,834$1,282$877$588$389$96
33 years$1,759$1,214$818$541$352$82
34 years$1,688$1,150$765$498$319$70
35 years$1,622$1,091$715$458$289$60
36 years$1,560$1,036$669$422$262$52
37 years$1,501$984$626$389$237$44
38 years$1,445$935$586$358$215$38
39 years$1,392$889$549$331$195$33
40 years$1,343$846$515$305$177$28
41 years$1,295$805$483$281$161$24
42 years$1,250$767$453$260$146$21
43 years$1,207$731$425$240$132$18
44 years$1,167$696$399$221$120$15
45 years$1,128$664$374$204$109$13
46 years$1,091$633$352$189$99$11
47 years$1,056$605$330$174$90$10
48 years$1,022$577$311$161$82$8
49 years$990$551$292$149$74$7
50 years$959$526$274$138$67$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $982,000, adding $3,526 every year, while hoping to spend $55,459 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: 33/46/21 Blend
34$982,000$982,000$982,000$982,000
35$1,085,801$1,033,755$1,018,534$1,114,518
36$1,137,545$1,025,401$993,647$1,127,864
37$1,192,708$1,014,779$966,067$1,136,931
38$1,251,580$1,001,719$935,647$1,145,557
39$1,314,479$986,042$902,229$1,153,739
40$1,381,755$967,556$865,652$1,161,474
41$1,453,788$946,060$825,746$1,168,769
42$1,530,997$921,341$782,332$1,175,634
43$1,613,844$893,171$735,224$1,182,087
44$1,702,831$861,312$684,230$1,188,153
45$1,798,513$825,509$629,144$1,193,867
46$1,901,497$785,495$569,756$1,199,276
47$2,012,451$740,985$505,844$1,204,437
48$2,132,107$691,680$437,177$1,209,422
49$2,261,272$637,262$363,512$1,214,318
50$2,400,830$577,396$284,598$1,219,231
51$2,551,753$511,728$200,171$1,224,285
52$2,715,111$439,881$109,955$1,229,631
53$2,892,078$361,461$13,665$1,235,440
54$3,083,947$276,050$0$1,241,918
55$3,292,138$183,204$0$1,269,262
56$3,518,214$82,459$0$1,302,348
57$3,763,893$0$0$1,338,497
58$4,031,066$0$0$1,391,649
59$4,321,814$0$0$1,495,042
60$4,638,425$0$0$1,607,767
61$4,983,417$0$0$1,730,737
62$5,359,562$0$0$1,864,958
63$5,769,911$0$0$2,011,536
64$6,217,821$0$0$2,171,690
65$6,706,989$0$0$2,346,762
66$7,241,483$0$0$2,538,229
67$7,825,782$0$0$2,747,716
68$8,464,818$0$0$2,977,014
69$9,164,021$0$0$3,228,095
70$9,929,370$0$0$3,503,131
71$10,767,449$0$0$3,804,512
72$11,685,509$0$0$4,134,871
73$12,691,534$0$0$4,497,110
74$13,794,318$0$0$4,894,422
75$15,003,546$0$0$5,330,326
76$16,329,884$0$0$5,808,698
77$17,785,082$0$0$6,333,805
78$19,382,082$0$0$6,910,352
79$21,135,137$0$0$7,543,516
80$23,059,950$0$0$8,239,006
81$25,173,819$0$0$9,003,105
82$27,495,797$0$0$9,842,741
83$30,046,877$0$0$10,765,540
84$32,850,181$0$0$11,779,908
85$35,931,186$0$0$12,895,105
86$39,317,957$0$0$14,121,332
87$43,041,416$0$0$15,469,829
88$47,135,627$0$0$16,952,977
89$51,638,124$0$0$18,584,422
90$56,590,257$0$0$20,379,194
91$62,037,587$0$0$22,353,857
92$68,030,310$0$0$24,526,659
93$74,623,736$0$0$26,917,707
94$81,878,803$0$0$29,549,155
95$89,862,654$0$0$32,445,416
96$98,649,274$0$0$35,633,386
97$108,320,178$0$0$39,142,703
98$118,965,188$0$0$43,006,023
99$130,683,275$0$0$47,259,331
100$143,583,490$0$0$51,942,278