Can I retire at age 35 with 989,000?

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 $989,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$81,671$80,943$80,233$79,541$78,864$78,532
2 years$40,431$39,678$38,948$38,241$37,554$37,219
3 years$26,686$25,930$25,202$24,501$23,826$23,498
4 years$19,815$19,061$18,341$17,652$16,993$16,674
5 years$15,694$14,944$14,233$13,558$12,918$12,610
6 years$12,947$12,203$11,502$10,843$10,221$9,925
7 years$10,986$10,248$9,559$8,914$8,313$8,027
8 years$9,515$8,785$8,106$7,478$6,896$6,622
9 years$8,373$7,649$6,982$6,370$5,808$5,544
10 years$7,459$6,742$6,087$5,491$4,948$4,696
11 years$6,712$6,002$5,359$4,779$4,256$4,015
12 years$6,089$5,387$4,756$4,191$3,688$3,458
13 years$5,563$4,868$4,249$3,700$3,216$2,996
14 years$5,113$4,425$3,818$3,285$2,819$2,609
15 years$4,723$4,042$3,447$2,929$2,482$2,283
16 years$4,382$3,709$3,125$2,623$2,194$2,004
17 years$4,081$3,416$2,844$2,357$1,945$1,765
18 years$3,814$3,156$2,596$2,124$1,730$1,558
19 years$3,576$2,925$2,377$1,919$1,542$1,379
20 years$3,361$2,718$2,181$1,738$1,377$1,223
21 years$3,168$2,532$2,006$1,577$1,232$1,087
22 years$2,992$2,363$1,849$1,434$1,104$967
23 years$2,831$2,210$1,707$1,306$991$862
24 years$2,685$2,071$1,579$1,191$891$769
25 years$2,550$1,944$1,462$1,088$802$686
26 years$2,426$1,827$1,356$995$722$614
27 years$2,311$1,719$1,259$911$651$549
28 years$2,204$1,620$1,171$834$588$491
29 years$2,105$1,528$1,090$765$531$440
30 years$2,013$1,443$1,015$702$479$395
31 years$1,927$1,364$946$645$433$354
32 years$1,847$1,291$883$593$392$318
33 years$1,771$1,223$824$545$355$285
34 years$1,700$1,159$770$501$321$256
35 years$1,634$1,099$720$462$291$230
36 years$1,571$1,043$674$425$264$207
37 years$1,511$991$630$392$239$186
38 years$1,455$942$590$361$217$167
39 years$1,402$895$553$333$196$150
40 years$1,352$852$518$307$178$135
41 years$1,304$811$486$283$162$121
42 years$1,259$772$456$261$147$109
43 years$1,216$736$428$241$133$98
44 years$1,175$701$402$223$121$88
45 years$1,136$669$377$206$110$80
46 years$1,099$638$354$190$100$72
47 years$1,063$609$333$176$90$64
48 years$1,029$581$313$162$82$58
49 years$997$555$294$150$75$52
50 years$966$530$276$139$68$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $989,000, adding $6,670 every year, while hoping to spend $46,731 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: 54/24/22 Blend
34$989,000$989,000$989,000$989,000
35$1,096,758$1,044,341$1,029,012$1,149,038
36$1,158,906$1,045,792$1,013,762$1,187,119
37$1,225,827$1,045,749$996,435$1,223,108
38$1,297,958$1,044,087$976,913$1,261,295
39$1,375,780$1,040,678$955,070$1,301,904
40$1,459,821$1,035,382$930,776$1,345,186
41$1,550,661$1,028,054$903,895$1,391,418
42$1,648,938$1,018,538$874,285$1,440,908
43$1,755,352$1,006,670$841,797$1,493,998
44$1,870,675$992,273$806,274$1,551,067
45$1,995,753$975,164$767,553$1,612,537
46$2,131,519$955,146$725,465$1,678,873
47$2,278,997$932,012$679,832$1,750,592
48$2,439,315$905,540$630,466$1,828,269
49$2,613,714$875,500$577,175$1,912,539
50$2,803,556$841,643$519,754$2,004,105
51$3,010,345$803,710$457,992$2,103,747
52$3,235,732$761,424$391,667$2,212,330
53$3,481,537$714,493$320,547$2,330,808
54$3,749,759$662,609$244,392$2,460,241
55$4,042,604$605,446$162,948$2,601,801
56$4,362,495$542,658$75,952$2,756,783
57$4,712,103$473,882$0$2,926,624
58$5,094,366$398,731$0$3,116,873
59$5,512,522$316,799$0$3,344,608
60$5,970,133$227,657$0$3,593,991
61$6,471,124$130,849$0$3,867,243
62$7,019,815$25,897$0$4,166,815
63$7,620,964$0$0$4,495,409
64$8,279,813$0$0$4,879,172
65$9,002,131$0$0$5,307,498
66$9,794,276$0$0$5,777,328
67$10,663,248$0$0$6,292,828
68$11,616,759$0$0$6,858,585
69$12,663,303$0$0$7,479,651
70$13,812,236$0$0$8,161,593
71$15,073,864$0$0$8,910,543
72$16,459,541$0$0$9,733,253
73$17,981,773$0$0$10,637,166
74$19,654,339$0$0$11,630,479
75$21,492,416$0$0$12,722,221
76$23,512,728$0$0$13,922,343
77$25,733,697$0$0$15,241,804
78$28,175,618$0$0$16,692,680
79$30,860,853$0$0$18,288,277
80$33,814,039$0$0$20,043,252
81$37,062,319$0$0$21,973,757
82$40,635,601$0$0$24,097,584
83$44,566,834$0$0$26,434,341
84$48,892,325$0$0$29,005,630
85$53,652,075$0$0$31,835,252
86$58,890,161$0$0$34,949,433
87$64,655,147$0$0$38,377,071
88$71,000,545$0$0$42,150,006
89$77,985,317$0$0$46,303,323
90$85,674,430$0$0$50,875,679
91$94,139,474$0$0$55,909,672
92$103,459,329$0$0$61,452,240
93$113,720,915$0$0$67,555,103
94$125,020,007$0$0$74,275,251
95$137,462,143$0$0$81,675,486
96$151,163,615$0$0$89,825,005
97$166,252,567$0$0$98,800,061
98$182,870,206$0$0$108,684,680
99$201,172,131$0$0$119,571,451
100$221,329,800$0$0$131,562,401