Can I retire at age 35 with 983,000?

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 $983,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$81,175$80,452$79,747$79,058$78,386$75,998
2 years$40,186$39,437$38,712$38,009$37,327$34,942
3 years$26,524$25,773$25,049$24,353$23,682$21,374
4 years$19,695$18,946$18,229$17,545$16,890$14,678
5 years$15,599$14,854$14,147$13,476$12,839$10,728
6 years$12,868$12,129$11,433$10,777$10,159$8,151
7 years$10,919$10,186$9,501$8,860$8,262$6,357
8 years$9,458$8,731$8,057$7,433$6,854$5,051
9 years$8,322$7,602$6,940$6,331$5,772$4,068
10 years$7,413$6,701$6,050$5,457$4,918$3,311
11 years$6,671$5,965$5,327$4,750$4,230$2,718
12 years$6,052$5,354$4,727$4,166$3,666$2,244
13 years$5,530$4,839$4,223$3,678$3,196$1,863
14 years$5,082$4,398$3,795$3,265$2,802$1,553
15 years$4,694$4,018$3,426$2,912$2,467$1,299
16 years$4,355$3,686$3,106$2,607$2,180$1,090
17 years$4,056$3,395$2,827$2,342$1,933$917
18 years$3,791$3,137$2,580$2,111$1,719$772
19 years$3,554$2,907$2,362$1,907$1,532$651
20 years$3,341$2,702$2,168$1,728$1,369$550
21 years$3,148$2,517$1,994$1,568$1,225$466
22 years$2,974$2,349$1,838$1,426$1,098$394
23 years$2,814$2,197$1,697$1,298$985$334
24 years$2,668$2,059$1,569$1,184$886$283
25 years$2,534$1,932$1,454$1,081$797$240
26 years$2,411$1,816$1,348$989$718$204
27 years$2,297$1,709$1,252$905$647$173
28 years$2,191$1,610$1,164$829$584$147
29 years$2,093$1,519$1,083$760$527$125
30 years$2,001$1,434$1,009$698$477$106
31 years$1,915$1,356$940$641$431$90
32 years$1,835$1,283$877$589$390$77
33 years$1,760$1,215$819$542$353$65
34 years$1,690$1,152$765$498$319$56
35 years$1,624$1,092$716$459$289$47
36 years$1,561$1,037$669$423$262$40
37 years$1,502$985$627$389$238$34
38 years$1,447$936$587$359$215$29
39 years$1,394$890$550$331$195$25
40 years$1,344$847$515$305$177$21
41 years$1,297$806$483$282$161$18
42 years$1,252$768$453$260$146$15
43 years$1,209$731$425$240$132$13
44 years$1,168$697$399$221$120$11
45 years$1,129$665$375$205$109$9
46 years$1,092$634$352$189$99$8
47 years$1,057$605$331$175$90$7
48 years$1,023$578$311$161$82$6
49 years$991$552$292$149$74$5
50 years$960$527$275$138$67$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $983,000, adding $3,909 every year, while hoping to spend $42,140 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: 39/47/14 Blend
34$983,000$983,000$983,000$983,000
35$1,087,298$1,035,199$1,019,963$1,124,989
36$1,153,366$1,041,087$1,009,295$1,158,042
37$1,224,760$1,045,852$996,857$1,189,371
38$1,301,980$1,049,392$982,546$1,222,332
39$1,385,573$1,051,604$966,253$1,257,093
40$1,476,143$1,052,374$947,864$1,293,841
41$1,574,352$1,051,583$927,259$1,332,786
42$1,680,929$1,049,104$904,316$1,374,160
43$1,796,676$1,044,802$878,902$1,418,223
44$1,922,474$1,038,534$850,883$1,465,263
45$2,059,294$1,030,149$820,115$1,515,601
46$2,208,202$1,019,487$786,448$1,569,597
47$2,370,373$1,006,376$749,729$1,627,647
48$2,547,098$990,636$709,792$1,690,196
49$2,739,800$972,075$666,468$1,757,734
50$2,950,045$950,492$619,580$1,830,810
51$3,179,554$925,670$568,940$1,910,031
52$3,430,224$897,383$514,355$1,996,071
53$3,704,142$865,391$455,622$2,089,681
54$4,003,607$829,438$392,528$2,191,692
55$4,331,150$789,255$324,852$2,303,026
56$4,689,556$744,557$252,363$2,424,708
57$5,081,893$695,042$174,819$2,557,872
58$5,511,539$640,393$91,969$2,703,777
59$5,982,215$580,271$3,549$2,863,817
60$6,498,018$514,321$0$3,039,539
61$7,063,459$442,167$0$3,246,220
62$7,683,509$363,410$0$3,473,639
63$8,363,641$277,631$0$3,723,410
64$9,109,883$184,385$0$3,997,905
65$9,928,876$83,205$0$4,299,747
66$10,827,935$0$0$4,631,836
67$11,815,116$0$0$5,011,032
68$12,899,296$0$0$5,474,885
69$14,090,252$0$0$5,984,561
70$15,398,755$0$0$6,544,688
71$16,836,672$0$0$7,160,364
72$18,417,074$0$0$7,837,205
73$20,154,364$0$0$8,581,398
74$22,064,407$0$0$9,399,759
75$24,164,686$0$0$10,299,800
76$26,474,458$0$0$11,289,794
77$29,014,945$0$0$12,378,860
78$31,809,523$0$0$13,577,042
79$34,883,953$0$0$14,895,407
80$38,266,616$0$0$16,346,152
81$41,988,782$0$0$17,942,712
82$46,084,906$0$0$19,699,893
83$50,592,952$0$0$21,634,007
84$55,554,753$0$0$23,763,030
85$61,016,398$0$0$26,106,767
86$67,028,676$0$0$28,687,043
87$73,647,547$0$0$31,527,904
88$80,934,674$0$0$34,655,849
89$88,958,003$0$0$38,100,075
90$97,792,404$0$0$41,892,756
91$107,520,374$0$0$46,069,345
92$118,232,822$0$0$50,668,907
93$130,029,919$0$0$55,734,490
94$143,022,046$0$0$61,313,528
95$157,330,836$0$0$67,458,294
96$173,090,320$0$0$74,226,385
97$190,448,190$0$0$81,681,273
98$209,567,198$0$0$89,892,899
99$230,626,682$0$0$98,938,335
100$253,824,269$0$0$108,902,511