Can I retire at age 35 with 985,000?

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 $985,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$81,340$80,616$79,909$79,219$78,545$76,803
2 years$40,268$39,518$38,791$38,086$37,403$35,656
3 years$26,578$25,825$25,100$24,402$23,730$22,033
4 years$19,735$18,984$18,267$17,580$16,924$15,292
5 years$15,630$14,884$14,176$13,503$12,866$11,301
6 years$12,895$12,154$11,456$10,799$10,180$8,686
7 years$10,941$10,207$9,520$8,878$8,279$6,855
8 years$9,477$8,749$8,074$7,448$6,868$5,514
9 years$8,339$7,618$6,954$6,344$5,784$4,498
10 years$7,429$6,715$6,063$5,468$4,928$3,709
11 years$6,684$5,978$5,337$4,759$4,239$3,085
12 years$6,065$5,365$4,737$4,174$3,673$2,584
13 years$5,541$4,849$4,232$3,685$3,203$2,175
14 years$5,092$4,407$3,802$3,271$2,808$1,840
15 years$4,704$4,026$3,433$2,918$2,472$1,562
16 years$4,364$3,694$3,113$2,612$2,185$1,330
17 years$4,065$3,402$2,832$2,347$1,937$1,136
18 years$3,799$3,143$2,586$2,115$1,723$972
19 years$3,561$2,913$2,367$1,911$1,535$833
20 years$3,348$2,707$2,172$1,731$1,371$715
21 years$3,155$2,522$1,998$1,571$1,227$615
22 years$2,980$2,354$1,842$1,428$1,100$529
23 years$2,820$2,202$1,700$1,301$987$456
24 years$2,674$2,063$1,573$1,187$888$393
25 years$2,539$1,936$1,456$1,084$799$339
26 years$2,416$1,819$1,351$991$719$293
27 years$2,301$1,712$1,254$907$649$253
28 years$2,195$1,613$1,166$831$585$218
29 years$2,097$1,522$1,085$762$528$189
30 years$2,005$1,437$1,011$699$477$163
31 years$1,919$1,359$942$642$432$141
32 years$1,839$1,286$879$590$391$122
33 years$1,764$1,218$821$543$353$106
34 years$1,693$1,154$767$499$320$91
35 years$1,627$1,095$717$460$290$79
36 years$1,564$1,039$671$423$263$69
37 years$1,505$987$628$390$238$59
38 years$1,450$938$588$360$216$51
39 years$1,397$892$551$332$196$45
40 years$1,347$848$516$306$177$39
41 years$1,299$808$484$282$161$33
42 years$1,254$769$454$260$146$29
43 years$1,211$733$426$240$133$25
44 years$1,170$698$400$222$120$22
45 years$1,131$666$376$205$109$19
46 years$1,094$635$353$189$99$16
47 years$1,059$606$331$175$90$14
48 years$1,025$579$311$162$82$12
49 years$993$553$293$149$74$11
50 years$962$528$275$138$67$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $985,000, adding $6,121 every year, while hoping to spend $31,399 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: 53/17/30 Blend
34$985,000$985,000$985,000$985,000
35$1,091,784$1,039,579$1,024,311$1,140,186
36$1,169,737$1,057,110$1,025,217$1,192,000
37$1,254,590$1,074,448$1,025,102$1,244,691
38$1,347,012$1,091,549$1,023,896$1,301,426
39$1,447,741$1,108,369$1,021,531$1,362,605
40$1,557,590$1,124,859$1,017,931$1,428,672
41$1,677,452$1,140,965$1,013,020$1,500,114
42$1,808,311$1,156,631$1,006,715$1,577,471
43$1,951,250$1,171,797$998,931$1,661,339
44$2,107,462$1,186,399$989,579$1,752,375
45$2,278,258$1,200,367$978,565$1,851,304
46$2,465,084$1,213,629$965,791$1,958,927
47$2,669,531$1,226,106$951,154$2,076,127
48$2,893,352$1,237,714$934,546$2,203,880
49$3,138,476$1,248,364$915,855$2,343,262
50$3,407,027$1,257,960$894,963$2,495,460
51$3,701,347$1,266,403$871,747$2,661,785
52$4,024,011$1,273,583$846,077$2,843,683
53$4,377,858$1,279,387$817,819$3,042,750
54$4,766,014$1,283,692$786,831$3,260,745
55$5,191,924$1,286,369$752,966$3,499,613
56$5,659,379$1,287,280$716,069$3,761,495
57$6,172,558$1,286,278$675,979$4,048,755
58$6,736,062$1,283,210$632,528$4,364,003
59$7,354,962$1,277,909$585,540$4,710,114
60$8,034,842$1,270,200$534,829$5,090,263
61$8,781,855$1,259,899$480,205$5,507,950
62$9,602,778$1,246,808$421,465$5,967,037
63$10,505,078$1,230,718$358,401$6,471,783
64$11,496,981$1,211,408$290,793$7,026,885
65$12,587,551$1,188,645$218,412$7,637,523
66$13,786,772$1,162,179$141,019$8,309,413
67$15,105,645$1,131,748$58,366$9,048,853
68$16,556,290$1,097,074$0$9,862,795
69$18,152,063$1,057,861$0$10,768,452
70$19,907,675$1,013,799$0$11,785,281
71$21,839,340$964,556$0$12,903,990
72$23,964,918$909,785$0$14,134,948
73$26,304,091$849,116$0$15,489,582
74$28,878,545$782,159$0$16,980,489
75$31,712,173$708,501$0$18,621,550
76$34,831,303$627,707$0$20,428,063
77$38,264,946$539,315$0$22,416,889
78$42,045,068$442,838$0$24,606,611
79$46,206,891$337,763$0$27,017,707
80$50,789,226$223,546$0$29,672,748
81$55,834,840$99,613$0$32,596,610
82$61,390,858$0$0$35,816,707
83$67,509,207$0$0$39,369,732
84$74,247,106$0$0$43,303,189
85$81,667,609$0$0$47,635,268
86$89,840,192$0$0$52,406,547
87$98,841,417$0$0$57,661,738
88$108,755,649$0$0$63,450,116
89$119,675,854$0$0$69,825,975
90$131,704,474$0$0$76,849,146
91$144,954,396$0$0$84,585,559
92$159,550,016$0$0$93,107,867
93$175,628,414$0$0$102,496,130
94$193,340,643$0$0$112,838,570
95$212,853,161$0$0$124,232,407
96$234,349,396$0$0$136,784,770
97$258,031,481$0$0$150,613,714
98$284,122,161$0$0$165,849,334
99$312,866,890$0$0$182,634,986
100$344,536,157$0$0$201,128,650