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%13.6%
1 years$84,231$83,480$82,748$82,034$81,336$80,121
2 years$41,698$40,922$40,169$39,439$38,732$37,510
3 years$27,523$26,743$25,992$25,269$24,573$23,383
4 years$20,436$19,659$18,916$18,205$17,526$16,376
5 years$16,186$15,413$14,679$13,983$13,323$12,217
6 years$13,353$12,586$11,863$11,182$10,542$9,482
7 years$11,330$10,569$9,858$9,194$8,573$7,559
8 years$9,814$9,060$8,361$7,712$7,112$6,144
9 years$8,635$7,888$7,201$6,569$5,990$5,066
10 years$7,692$6,953$6,278$5,663$5,103$4,225
11 years$6,922$6,190$5,527$4,928$4,389$3,554
12 years$6,280$5,556$4,905$4,323$3,804$3,011
13 years$5,738$5,021$4,382$3,816$3,317$2,566
14 years$5,273$4,564$3,938$3,388$2,907$2,197
15 years$4,871$4,169$3,555$3,021$2,560$1,888
16 years$4,519$3,825$3,223$2,705$2,262$1,628
17 years$4,209$3,523$2,933$2,431$2,006$1,408
18 years$3,934$3,255$2,677$2,190$1,784$1,221
19 years$3,688$3,017$2,451$1,979$1,590$1,060
20 years$3,467$2,803$2,249$1,793$1,420$923
21 years$3,267$2,611$2,069$1,627$1,271$804
22 years$3,085$2,438$1,907$1,479$1,139$702
23 years$2,920$2,280$1,761$1,347$1,023$613
24 years$2,769$2,136$1,628$1,229$919$536
25 years$2,630$2,005$1,508$1,122$827$469
26 years$2,502$1,884$1,399$1,026$745$411
27 years$2,383$1,773$1,299$939$672$360
28 years$2,273$1,671$1,208$860$606$316
29 years$2,171$1,576$1,124$789$547$277
30 years$2,076$1,488$1,047$724$494$243
31 years$1,988$1,407$976$665$447$213
32 years$1,905$1,331$910$611$404$187
33 years$1,827$1,261$850$562$366$165
34 years$1,754$1,195$794$517$331$145
35 years$1,685$1,133$743$476$300$127
36 years$1,620$1,076$695$438$272$112
37 years$1,559$1,022$650$404$246$98
38 years$1,501$971$609$372$223$86
39 years$1,446$923$570$343$203$76
40 years$1,395$879$535$317$184$67
41 years$1,345$836$501$292$167$59
42 years$1,299$796$470$270$151$52
43 years$1,254$759$441$249$137$45
44 years$1,212$723$414$230$125$40
45 years$1,172$690$389$212$113$35
46 years$1,133$658$365$196$103$31
47 years$1,097$628$343$181$93$27
48 years$1,061$599$323$167$85$24
49 years$1,028$572$303$155$77$21
50 years$996$547$285$143$70$19

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 $3,782 every year, while hoping to spend $45,233 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: 69/11/20 Blend
34$1,020,000$1,020,000$1,020,000$1,020,000
35$1,127,941$1,073,881$1,058,071$1,199,961
36$1,194,864$1,078,374$1,045,389$1,253,035
37$1,267,096$1,081,570$1,030,766$1,305,430
38$1,345,133$1,083,360$1,014,089$1,361,656
39$1,429,516$1,083,624$995,241$1,422,087
40$1,520,842$1,082,238$974,097$1,487,136
41$1,619,767$1,079,067$950,529$1,557,261
42$1,727,013$1,073,970$924,401$1,632,966
43$1,843,371$1,066,798$895,571$1,714,807
44$1,969,715$1,057,391$863,893$1,803,397
45$2,107,002$1,045,579$829,210$1,899,416
46$2,256,289$1,031,185$791,361$2,003,612
47$2,418,736$1,014,018$750,176$2,116,810
48$2,595,619$993,878$705,480$2,239,922
49$2,788,346$970,551$657,087$2,373,954
50$2,998,462$943,813$604,804$2,520,017
51$3,227,669$913,424$548,429$2,679,335
52$3,477,841$879,132$487,751$2,853,261
53$3,751,041$840,669$422,551$3,043,287
54$4,049,538$797,753$352,598$3,251,059
55$4,375,833$750,085$277,652$3,478,394
56$4,732,677$697,349$197,462$3,727,296
57$5,123,101$639,209$111,767$3,999,977
58$5,550,439$575,313$20,294$4,298,876
59$6,018,367$505,286$0$4,626,685
60$6,530,930$428,734$0$5,002,874
61$7,092,583$345,240$0$5,419,913
62$7,708,233$254,363$0$5,877,146
63$8,383,283$155,638$0$6,378,627
64$9,123,686$48,572$0$6,928,825
65$9,935,998$0$0$7,532,665
66$10,827,438$0$0$8,203,726
67$11,805,962$0$0$8,946,855
68$12,880,329$0$0$9,762,833
69$14,060,193$0$0$10,658,997
70$15,356,184$0$0$11,643,432
71$16,780,014$0$0$12,725,041
72$18,344,585$0$0$13,913,634
73$20,064,114$0$0$15,220,020
74$21,954,257$0$0$16,656,103
75$24,032,270$0$0$18,235,001
76$26,317,157$0$0$19,971,166
77$28,829,862$0$0$21,880,521
78$31,593,456$0$0$23,980,606
79$34,633,359$0$0$26,290,751
80$37,977,579$0$0$28,832,251
81$41,656,975$0$0$31,628,569
82$45,705,550$0$0$34,705,557
83$50,160,765$0$0$38,091,701
84$55,063,899$0$0$41,818,385
85$60,460,435$0$0$45,920,194
86$66,400,489$0$0$50,435,231
87$72,939,280$0$0$55,405,484
88$80,137,655$0$0$60,877,218
89$88,062,659$0$0$66,901,410
90$96,788,169$0$0$73,534,234
91$106,395,589$0$0$80,837,585
92$116,974,620$0$0$88,879,668
93$128,624,101$0$0$97,735,638
94$141,452,950$0$0$107,488,310
95$155,581,180$0$0$118,228,939
96$171,141,041$0$0$130,058,082
97$188,278,261$0$0$143,086,545
98$207,153,423$0$0$157,436,432
99$227,943,482$0$0$173,242,292
100$250,843,430$0$0$190,652,391