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

Use the below retirement simulation to view the chances of a successful retirement.
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%11.6%
1 years$85,056$84,299$83,560$82,838$82,134$81,582
2 years$42,107$41,323$40,563$39,826$39,111$38,555
3 years$27,793$27,005$26,247$25,517$24,814$24,270
4 years$20,637$19,852$19,101$18,384$17,697$17,170
5 years$16,344$15,564$14,823$14,120$13,453$12,944
6 years$13,484$12,709$11,979$11,292$10,645$10,155
7 years$11,441$10,673$9,955$9,284$8,657$8,186
8 years$9,910$9,149$8,443$7,788$7,182$6,730
9 years$8,720$7,966$7,272$6,634$6,048$5,616
10 years$7,768$7,021$6,339$5,718$5,154$4,740
11 years$6,990$6,251$5,581$4,977$4,432$4,037
12 years$6,342$5,610$4,953$4,365$3,841$3,464
13 years$5,794$5,070$4,425$3,854$3,349$2,990
14 years$5,325$4,609$3,976$3,421$2,936$2,594
15 years$4,918$4,210$3,590$3,051$2,585$2,260
16 years$4,563$3,863$3,255$2,732$2,285$1,976
17 years$4,250$3,557$2,962$2,454$2,026$1,733
18 years$3,972$3,287$2,704$2,212$1,801$1,524
19 years$3,724$3,046$2,475$1,999$1,605$1,343
20 years$3,501$2,831$2,272$1,810$1,434$1,186
21 years$3,299$2,637$2,089$1,643$1,283$1,049
22 years$3,116$2,461$1,926$1,494$1,150$929
23 years$2,949$2,302$1,778$1,360$1,033$824
24 years$2,796$2,157$1,644$1,241$928$732
25 years$2,655$2,024$1,523$1,133$835$651
26 years$2,526$1,902$1,413$1,036$752$579
27 years$2,407$1,790$1,312$948$678$515
28 years$2,296$1,687$1,219$869$612$459
29 years$2,193$1,592$1,135$797$553$409
30 years$2,097$1,503$1,057$731$499$365
31 years$2,007$1,421$985$672$451$326
32 years$1,923$1,344$919$617$408$291
33 years$1,845$1,273$858$568$370$260
34 years$1,771$1,207$802$522$335$232
35 years$1,701$1,145$750$481$303$208
36 years$1,636$1,086$701$443$275$186
37 years$1,574$1,032$657$408$249$166
38 years$1,516$981$615$376$226$148
39 years$1,461$932$576$347$205$133
40 years$1,408$887$540$320$186$119
41 years$1,359$844$506$295$168$106
42 years$1,311$804$475$272$153$95
43 years$1,266$766$446$251$139$85
44 years$1,224$730$418$232$126$76
45 years$1,183$697$393$214$114$68
46 years$1,144$664$369$198$104$61
47 years$1,107$634$347$183$94$55
48 years$1,072$605$326$169$86$49
49 years$1,038$578$306$156$78$44
50 years$1,006$552$288$144$71$39

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 $2,977 every year, while hoping to spend $25,560 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: 58/34/8 Blend
34$1,030,000$1,030,000$1,030,000$1,030,000
35$1,138,131$1,083,541$1,067,576$1,201,929
36$1,227,024$1,109,439$1,076,144$1,271,068
37$1,324,129$1,135,749$1,084,142$1,343,245
38$1,430,254$1,162,465$1,091,525$1,421,284
39$1,546,292$1,189,578$1,098,244$1,505,749
40$1,673,226$1,217,080$1,104,247$1,597,259
41$1,812,138$1,244,959$1,109,482$1,696,498
42$1,964,218$1,273,204$1,113,892$1,804,219
43$2,130,779$1,301,802$1,117,418$1,921,250
44$2,313,264$1,330,736$1,119,997$2,048,504
45$2,513,265$1,359,990$1,121,565$2,186,986
46$2,732,534$1,389,545$1,122,053$2,337,804
47$2,973,000$1,419,380$1,121,390$2,502,178
48$3,236,788$1,449,472$1,119,499$2,681,452
49$3,526,240$1,479,796$1,116,301$2,877,107
50$3,843,934$1,510,323$1,111,715$3,090,773
51$4,192,711$1,541,024$1,105,652$3,324,249
52$4,575,698$1,571,865$1,098,023$3,579,516
53$4,996,343$1,602,811$1,088,730$3,858,754
54$5,458,443$1,633,821$1,077,675$4,164,370
55$5,966,179$1,664,853$1,064,752$4,499,012
56$6,524,161$1,695,862$1,049,853$4,865,600
57$7,137,463$1,726,797$1,032,861$5,267,352
58$7,811,679$1,757,606$1,013,657$5,707,813
59$8,552,971$1,788,228$992,114$6,190,891
60$9,368,126$1,818,604$968,102$6,720,891
61$10,264,623$1,848,664$941,482$7,302,558
62$11,250,703$1,878,337$912,110$7,941,122
63$12,335,445$1,907,545$879,836$8,642,345
64$13,528,851$1,936,205$844,501$9,412,578
65$14,841,942$1,964,228$805,941$10,258,821
66$16,286,864$1,991,519$763,983$11,188,786
67$17,876,995$2,017,975$718,448$12,210,976
68$19,627,079$2,043,486$669,147$13,334,758
69$21,553,361$2,067,936$615,882$14,570,459
70$23,673,739$2,091,201$558,450$15,929,456
71$26,007,937$2,113,146$496,635$17,424,291
72$28,577,687$2,133,630$430,212$19,068,785
73$31,406,935$2,152,502$358,948$20,878,171
74$34,522,067$2,169,599$282,597$22,869,236
75$37,952,159$2,184,751$200,905$25,060,482
76$41,729,249$2,197,773$113,605$27,472,299
77$45,888,640$2,208,472$20,419$30,127,158
78$50,469,233$2,216,639$0$33,049,828
79$55,513,896$2,222,055$0$36,274,348
80$61,069,863$2,224,486$0$39,826,354
81$67,189,186$2,223,683$0$43,737,280
82$73,929,221$2,219,381$0$48,043,692
83$81,353,172$2,211,301$0$52,785,888
84$89,530,685$2,199,145$0$58,008,276
85$98,538,510$2,182,597$0$63,759,799
86$108,461,216$2,161,323$0$70,094,392
87$119,392,000$2,134,967$0$77,071,495
88$131,433,557$2,103,154$0$84,756,613
89$144,699,055$2,065,484$0$93,221,936
90$159,313,202$2,021,536$0$102,547,021
91$175,413,419$1,970,862$0$112,819,543
92$193,151,142$1,912,988$0$124,136,125
93$212,693,248$1,847,414$0$136,603,249
94$234,223,630$1,773,608$0$150,338,263
95$257,944,934$1,691,009$0$165,470,491
96$284,080,473$1,599,023$0$182,142,452
97$312,876,328$1,497,023$0$200,511,208
98$344,603,680$1,384,343$0$220,749,850
99$379,561,362$1,260,282$0$243,049,130
100$418,078,682$1,124,098$0$267,619,264