Can I retire at age 35 with 1,020,000?

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 $1,020,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$84,231$83,480$82,748$82,034$81,336$79,759
2 years$41,698$40,922$40,169$39,439$38,732$37,149
3 years$27,523$26,743$25,992$25,269$24,573$23,034
4 years$20,436$19,659$18,916$18,205$17,526$16,043
5 years$16,186$15,413$14,679$13,983$13,323$11,900
6 years$13,353$12,586$11,863$11,182$10,542$9,181
7 years$11,330$10,569$9,858$9,194$8,573$7,274
8 years$9,814$9,060$8,361$7,712$7,112$5,875
9 years$8,635$7,888$7,201$6,569$5,990$4,813
10 years$7,692$6,953$6,278$5,663$5,103$3,986
11 years$6,922$6,190$5,527$4,928$4,389$3,330
12 years$6,280$5,556$4,905$4,323$3,804$2,801
13 years$5,738$5,021$4,382$3,816$3,317$2,370
14 years$5,273$4,564$3,938$3,388$2,907$2,014
15 years$4,871$4,169$3,555$3,021$2,560$1,718
16 years$4,519$3,825$3,223$2,705$2,262$1,470
17 years$4,209$3,523$2,933$2,431$2,006$1,262
18 years$3,934$3,255$2,677$2,190$1,784$1,085
19 years$3,688$3,017$2,451$1,979$1,590$935
20 years$3,467$2,803$2,249$1,793$1,420$807
21 years$3,267$2,611$2,069$1,627$1,271$697
22 years$3,085$2,438$1,907$1,479$1,139$603
23 years$2,920$2,280$1,761$1,347$1,023$522
24 years$2,769$2,136$1,628$1,229$919$453
25 years$2,630$2,005$1,508$1,122$827$393
26 years$2,502$1,884$1,399$1,026$745$341
27 years$2,383$1,773$1,299$939$672$296
28 years$2,273$1,671$1,208$860$606$257
29 years$2,171$1,576$1,124$789$547$224
30 years$2,076$1,488$1,047$724$494$195
31 years$1,988$1,407$976$665$447$169
32 years$1,905$1,331$910$611$404$147
33 years$1,827$1,261$850$562$366$128
34 years$1,754$1,195$794$517$331$112
35 years$1,685$1,133$743$476$300$97
36 years$1,620$1,076$695$438$272$85
37 years$1,559$1,022$650$404$246$74
38 years$1,501$971$609$372$223$64
39 years$1,446$923$570$343$203$56
40 years$1,395$879$535$317$184$49
41 years$1,345$836$501$292$167$43
42 years$1,299$796$470$270$151$37
43 years$1,254$759$441$249$137$32
44 years$1,212$723$414$230$125$28
45 years$1,172$690$389$212$113$25
46 years$1,133$658$365$196$103$21
47 years$1,097$628$343$181$93$19
48 years$1,061$599$323$167$85$16
49 years$1,028$572$303$155$77$14
50 years$996$547$285$143$70$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $1,020,000, adding $4,242 every year, while hoping to spend $59,443 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: 60/26/14 Blend
34$1,020,000$1,020,000$1,020,000$1,020,000
35$1,128,416$1,074,356$1,058,546$1,191,945
36$1,180,267$1,063,752$1,030,760$1,224,634
37$1,235,415$1,050,637$1,000,051$1,253,234
38$1,294,133$1,034,824$966,259$1,283,018
39$1,356,721$1,016,116$929,215$1,314,106
40$1,423,506$994,305$888,743$1,346,631
41$1,494,848$969,170$844,660$1,380,746
42$1,571,140$940,477$796,773$1,416,619
43$1,652,814$907,979$744,883$1,454,439
44$1,740,343$871,412$688,779$1,494,417
45$1,834,248$830,501$628,243$1,536,790
46$1,935,096$784,951$563,044$1,581,821
47$2,043,515$734,452$492,945$1,629,806
48$2,160,190$678,677$417,695$1,681,072
49$2,285,875$617,278$337,034$1,735,985
50$2,421,399$549,889$250,689$1,794,955
51$2,567,671$476,122$158,376$1,858,436
52$2,725,689$395,568$59,798$1,926,934
53$2,896,554$307,795$0$2,001,013
54$3,081,471$212,346$0$2,088,082
55$3,281,768$108,738$0$2,192,030
56$3,498,904$0$0$2,304,741
57$3,734,483$0$0$2,428,141
58$3,990,270$0$0$2,595,972
59$4,268,206$0$0$2,778,408
60$4,570,425$0$0$2,976,858
61$4,899,277$0$0$3,192,874
62$5,257,346$0$0$3,428,164
63$5,647,476$0$0$3,684,606
64$6,072,796$0$0$3,964,268
65$6,536,751$0$0$4,269,426
66$7,043,132$0$0$4,602,586
67$7,596,113$0$0$4,966,506
68$8,200,286$0$0$5,364,220
69$8,860,711$0$0$5,799,072
70$9,582,955$0$0$6,274,741
71$10,373,149$0$0$6,795,280
72$11,238,044$0$0$7,365,150
73$12,185,073$0$0$7,989,264
74$13,222,423$0$0$8,673,033
75$14,359,108$0$0$9,422,416
76$15,605,058$0$0$10,243,975
77$16,971,205$0$0$11,144,939
78$18,469,595$0$0$12,133,266
79$20,113,491$0$0$13,217,727
80$21,917,504$0$0$14,407,979
81$23,897,728$0$0$15,714,662
82$26,071,892$0$0$17,149,493
83$28,459,523$0$0$18,725,384
84$31,082,133$0$0$20,456,554
85$33,963,422$0$0$22,358,671
86$37,129,495$0$0$24,448,994
87$40,609,115$0$0$26,746,536
88$44,433,968$0$0$29,272,246
89$48,638,961$0$0$32,049,201
90$53,262,554$0$0$35,102,828
91$58,347,120$0$0$38,461,140
92$63,939,343$0$0$42,155,002
93$70,090,658$0$0$46,218,418
94$76,857,737$0$0$50,688,857
95$84,303,019$0$0$55,607,599
96$92,495,303$0$0$61,020,130
97$101,510,391$0$0$66,976,567
98$111,431,806$0$0$73,532,130
99$122,351,577$0$0$80,747,665
100$134,371,107$0$0$88,690,216