Can I retire at age 35 with 993,000?

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 $993,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$82,001$81,271$80,558$79,862$79,183$77,839
2 years$40,595$39,839$39,106$38,395$37,706$36,357
3 years$26,794$26,035$25,304$24,600$23,922$22,609
4 years$19,895$19,138$18,415$17,723$17,062$15,794
5 years$15,757$15,005$14,291$13,613$12,970$11,752
6 years$12,999$12,253$11,549$10,886$10,263$9,096
7 years$11,030$10,290$9,597$8,950$8,346$7,232
8 years$9,554$8,820$8,139$7,508$6,924$5,861
9 years$8,406$7,680$7,010$6,395$5,831$4,819
10 years$7,489$6,769$6,112$5,513$4,968$4,006
11 years$6,739$6,026$5,381$4,798$4,273$3,359
12 years$6,114$5,409$4,775$4,208$3,703$2,837
13 years$5,586$4,888$4,266$3,715$3,229$2,409
14 years$5,133$4,443$3,833$3,298$2,831$2,056
15 years$4,742$4,059$3,461$2,941$2,492$1,761
16 years$4,399$3,724$3,138$2,634$2,203$1,513
17 years$4,098$3,429$2,855$2,366$1,953$1,304
18 years$3,830$3,169$2,607$2,132$1,737$1,126
19 years$3,590$2,937$2,386$1,927$1,548$975
20 years$3,375$2,729$2,190$1,745$1,383$845
21 years$3,180$2,542$2,014$1,584$1,237$734
22 years$3,004$2,373$1,857$1,440$1,109$638
23 years$2,843$2,219$1,714$1,312$995$555
24 years$2,695$2,079$1,585$1,196$895$483
25 years$2,560$1,951$1,468$1,092$805$421
26 years$2,435$1,834$1,362$999$725$368
27 years$2,320$1,726$1,265$914$654$321
28 years$2,213$1,626$1,176$838$590$280
29 years$2,114$1,534$1,094$768$533$245
30 years$2,021$1,449$1,019$705$481$214
31 years$1,935$1,370$950$647$435$187
32 years$1,854$1,296$886$595$394$164
33 years$1,778$1,227$828$547$356$143
34 years$1,707$1,163$773$503$323$125
35 years$1,640$1,103$723$463$292$110
36 years$1,577$1,047$676$427$265$96
37 years$1,518$995$633$393$240$84
38 years$1,461$945$593$362$218$74
39 years$1,408$899$555$334$197$64
40 years$1,358$855$521$308$179$56
41 years$1,310$814$488$284$162$49
42 years$1,264$775$458$262$147$43
43 years$1,221$739$430$242$134$38
44 years$1,180$704$403$224$121$33
45 years$1,141$671$379$207$110$29
46 years$1,103$641$356$191$100$25
47 years$1,067$611$334$176$91$22
48 years$1,033$584$314$163$82$20
49 years$1,001$557$295$151$75$17
50 years$970$532$277$139$68$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $993,000, adding $3,880 every year, while hoping to spend $59,705 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: 71/21/8 Blend
34$993,000$993,000$993,000$993,000
35$1,098,288$1,045,659$1,030,268$1,174,512
36$1,146,788$1,033,371$1,001,256$1,213,119
37$1,198,234$1,018,479$969,271$1,247,617
38$1,252,863$1,000,794$934,151$1,283,737
39$1,310,935$980,113$895,725$1,321,623
40$1,372,734$956,222$853,816$1,361,435
41$1,438,571$928,896$808,237$1,403,353
42$1,508,787$897,894$758,795$1,447,574
43$1,583,755$862,962$705,286$1,494,316
44$1,663,884$823,832$647,499$1,543,825
45$1,749,620$780,221$585,211$1,596,369
46$1,841,457$731,827$518,191$1,652,248
47$1,939,932$678,333$446,197$1,711,793
48$2,045,638$619,404$368,976$1,775,373
49$2,159,221$554,683$286,266$1,843,396
50$2,281,396$483,797$197,790$1,916,312
51$2,412,943$406,347$103,260$1,994,625
52$2,554,722$321,917$2,378$2,078,887
53$2,707,675$230,063$0$2,169,715
54$2,872,840$130,317$0$2,276,776
55$3,051,354$22,187$0$2,392,638
56$3,244,469$0$0$2,517,964
57$3,453,561$0$0$2,675,625
58$3,680,143$0$0$2,852,071
59$3,925,877$0$0$3,043,477
60$4,192,592$0$0$3,251,272
61$4,482,299$0$0$3,477,028
62$4,797,212$0$0$3,722,477
63$5,139,764$0$0$3,989,521
64$5,512,633$0$0$4,280,256
65$5,918,766$0$0$4,596,985
66$6,361,406$0$0$4,942,245
67$6,844,122$0$0$5,318,827
68$7,370,840$0$0$5,729,804
69$7,945,886$0$0$6,178,556
70$8,574,017$0$0$6,668,807
71$9,260,474$0$0$7,204,655
72$10,011,025$0$0$7,790,612
73$10,832,020$0$0$8,431,645
74$11,730,452$0$0$9,133,225
75$12,714,022$0$0$9,901,375
76$13,791,209$0$0$10,742,728
77$14,971,350$0$0$11,664,588
78$16,264,729$0$0$12,675,001
79$17,682,671$0$0$13,782,825
80$19,237,649$0$0$14,997,819
81$20,943,403$0$0$16,330,731
82$22,815,064$0$0$17,793,398
83$24,869,301$0$0$19,398,861
84$27,124,473$0$0$21,161,483
85$29,600,807$0$0$23,097,086
86$32,320,579$0$0$25,223,100
87$35,308,334$0$0$27,558,727
88$38,591,108$0$0$30,125,117
89$42,198,687$0$0$32,945,575
90$46,163,885$0$0$36,045,772
91$50,522,851$0$0$39,453,991
92$55,315,416$0$0$43,201,392
93$60,585,458$0$0$47,322,306
94$66,381,321$0$0$51,854,555
95$72,756,272$0$0$56,839,813
96$79,768,996$0$0$62,323,994
97$87,484,152$0$0$68,357,688
98$95,972,983$0$0$74,996,632
99$105,313,987$0$0$82,302,242
100$115,593,654$0$0$90,342,187