Can I retire at age 35 with 1,030,000?

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 $1,030,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$85,056$84,299$83,560$82,838$82,134$81,445
2 years$42,107$41,323$40,563$39,826$39,111$38,418
3 years$27,793$27,005$26,247$25,517$24,814$24,136
4 years$20,637$19,852$19,101$18,384$17,697$17,041
5 years$16,344$15,564$14,823$14,120$13,453$12,820
6 years$13,484$12,709$11,979$11,292$10,645$10,036
7 years$11,441$10,673$9,955$9,284$8,657$8,073
8 years$9,910$9,149$8,443$7,788$7,182$6,622
9 years$8,720$7,966$7,272$6,634$6,048$5,512
10 years$7,768$7,021$6,339$5,718$5,154$4,641
11 years$6,990$6,251$5,581$4,977$4,432$3,943
12 years$6,342$5,610$4,953$4,365$3,841$3,375
13 years$5,794$5,070$4,425$3,854$3,349$2,906
14 years$5,325$4,609$3,976$3,421$2,936$2,514
15 years$4,918$4,210$3,590$3,051$2,585$2,185
16 years$4,563$3,863$3,255$2,732$2,285$1,905
17 years$4,250$3,557$2,962$2,454$2,026$1,666
18 years$3,972$3,287$2,704$2,212$1,801$1,461
19 years$3,724$3,046$2,475$1,999$1,605$1,284
20 years$3,501$2,831$2,272$1,810$1,434$1,130
21 years$3,299$2,637$2,089$1,643$1,283$997
22 years$3,116$2,461$1,926$1,494$1,150$880
23 years$2,949$2,302$1,778$1,360$1,033$779
24 years$2,796$2,157$1,644$1,241$928$689
25 years$2,655$2,024$1,523$1,133$835$611
26 years$2,526$1,902$1,413$1,036$752$542
27 years$2,407$1,790$1,312$948$678$481
28 years$2,296$1,687$1,219$869$612$427
29 years$2,193$1,592$1,135$797$553$380
30 years$2,097$1,503$1,057$731$499$337
31 years$2,007$1,421$985$672$451$300
32 years$1,923$1,344$919$617$408$267
33 years$1,845$1,273$858$568$370$238
34 years$1,771$1,207$802$522$335$212
35 years$1,701$1,145$750$481$303$189
36 years$1,636$1,086$701$443$275$168
37 years$1,574$1,032$657$408$249$150
38 years$1,516$981$615$376$226$134
39 years$1,461$932$576$347$205$119
40 years$1,408$887$540$320$186$106
41 years$1,359$844$506$295$168$95
42 years$1,311$804$475$272$153$84
43 years$1,266$766$446$251$139$75
44 years$1,224$730$418$232$126$67
45 years$1,183$697$393$214$114$60
46 years$1,144$664$369$198$104$54
47 years$1,107$634$347$183$94$48
48 years$1,072$605$326$169$86$43
49 years$1,038$578$306$156$78$38
50 years$1,006$552$288$144$71$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $1,030,000, adding $2,364 every year, while hoping to spend $57,772 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: 80/6/14 Blend
34$1,030,000$1,030,000$1,030,000$1,030,000
35$1,137,498$1,082,908$1,066,943$1,225,135
36$1,192,054$1,074,502$1,041,217$1,274,683
37$1,250,239$1,063,747$1,012,693$1,321,347
38$1,312,361$1,050,469$981,215$1,370,901
39$1,378,759$1,034,479$946,623$1,423,610
40$1,449,804$1,015,581$908,748$1,479,764
41$1,525,904$993,564$867,411$1,539,683
42$1,607,506$968,208$822,428$1,603,720
43$1,695,098$939,277$773,606$1,672,265
44$1,789,220$906,523$720,743$1,745,746
45$1,890,460$869,682$663,628$1,824,638
46$1,999,466$828,476$602,039$1,909,462
47$2,116,951$782,611$535,747$2,000,794
48$2,243,697$731,775$464,511$2,099,269
49$2,380,560$675,639$388,079$2,205,586
50$2,528,487$613,854$306,188$2,320,519
51$2,688,512$546,053$218,566$2,444,919
52$2,861,777$471,846$124,924$2,579,725
53$3,049,535$390,823$24,965$2,725,973
54$3,253,163$302,549$0$2,884,806
55$3,474,178$206,566$0$3,069,691
56$3,714,245$102,389$0$3,274,584
57$3,975,199$0$0$3,497,337
58$4,259,057$0$0$3,740,386
59$4,568,037$0$0$4,012,329
60$4,904,582$0$0$4,308,559
61$5,271,378$0$0$4,631,444
62$5,671,384$0$0$4,983,591
63$6,107,853$0$0$5,367,869
64$6,584,369$0$0$5,787,435
65$7,104,874$0$0$6,245,767
66$7,673,712$0$0$6,746,691
67$8,295,662$0$0$7,294,421
68$8,975,986$0$0$7,893,595
69$9,720,480$0$0$8,549,322
70$10,535,524$0$0$9,267,227
71$11,428,144$0$0$10,053,503
72$12,406,079$0$0$10,914,971
73$13,477,849$0$0$11,859,143
74$14,652,839$0$0$12,894,293
75$15,941,387$0$0$14,029,531
76$17,354,876$0$0$15,274,895
77$18,905,846$0$0$16,641,437
78$20,608,109$0$0$18,141,335
79$22,476,881$0$0$19,788,000
80$24,528,919$0$0$21,596,207
81$26,782,686$0$0$23,582,231
82$29,258,520$0$0$25,764,000
83$31,978,824$0$0$28,161,266
84$34,968,282$0$0$30,795,787
85$38,254,084$0$0$33,691,535
86$41,866,188$0$0$36,874,918
87$45,837,597$0$0$40,375,031
88$50,204,674$0$0$44,223,931
89$55,007,479$0$0$48,456,934
90$60,290,150$0$0$53,112,951
91$66,101,320$0$0$58,234,854
92$72,494,568$0$0$63,869,879
93$79,528,932$0$0$70,070,072
94$87,269,457$0$0$76,892,777
95$95,787,817$0$0$84,401,177
96$105,162,981$0$0$92,664,893
97$115,481,963$0$0$101,760,633
98$126,840,640$0$0$111,772,923
99$139,344,657$0$0$122,794,896
100$153,110,422$0$0$134,929,177