Can I retire at age 35 with 1,040,000?

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 $1,040,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$85,882$85,117$84,371$83,642$82,931$80,212
2 years$42,516$41,724$40,957$40,213$39,491$36,778
3 years$28,062$27,267$26,502$25,765$25,055$22,432
4 years$20,837$20,044$19,286$18,562$17,869$15,358
5 years$16,503$15,715$14,967$14,257$13,584$11,190
6 years$13,615$12,832$12,096$11,402$10,748$8,474
7 years$11,552$10,777$10,052$9,374$8,741$6,586
8 years$10,006$9,238$8,524$7,864$7,252$5,214
9 years$8,804$8,043$7,342$6,698$6,107$4,185
10 years$7,843$7,089$6,401$5,774$5,204$3,393
11 years$7,058$6,311$5,635$5,025$4,475$2,774
12 years$6,403$5,665$5,001$4,408$3,878$2,282
13 years$5,850$5,119$4,468$3,891$3,382$1,887
14 years$5,376$4,653$4,015$3,454$2,964$1,566
15 years$4,966$4,251$3,625$3,081$2,610$1,305
16 years$4,608$3,900$3,286$2,758$2,307$1,090
17 years$4,292$3,592$2,991$2,478$2,045$912
18 years$4,011$3,319$2,730$2,233$1,819$765
19 years$3,760$3,076$2,499$2,018$1,621$643
20 years$3,535$2,858$2,294$1,828$1,448$540
21 years$3,331$2,662$2,110$1,659$1,296$455
22 years$3,146$2,485$1,944$1,508$1,161$383
23 years$2,977$2,324$1,795$1,374$1,043$323
24 years$2,823$2,178$1,660$1,253$937$273
25 years$2,681$2,044$1,538$1,144$843$230
26 years$2,551$1,921$1,426$1,046$760$195
27 years$2,430$1,808$1,324$958$685$164
28 years$2,318$1,703$1,231$877$618$139
29 years$2,214$1,607$1,146$805$558$118
30 years$2,117$1,518$1,067$738$504$99
31 years$2,027$1,435$995$678$456$84
32 years$1,942$1,357$928$623$412$71
33 years$1,862$1,286$867$573$373$60
34 years$1,788$1,218$810$527$338$51
35 years$1,718$1,156$757$485$306$43
36 years$1,652$1,097$708$447$277$36
37 years$1,589$1,042$663$412$251$31
38 years$1,530$990$621$380$228$26
39 years$1,475$941$582$350$207$22
40 years$1,422$896$545$323$187$19
41 years$1,372$853$511$298$170$16
42 years$1,324$812$480$275$154$13
43 years$1,279$774$450$254$140$11
44 years$1,236$738$422$234$127$10
45 years$1,195$703$397$216$115$8
46 years$1,155$671$372$200$105$7
47 years$1,118$640$350$185$95$6
48 years$1,082$611$329$171$86$5
49 years$1,048$584$309$158$78$4
50 years$1,015$558$291$146$71$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $1,040,000, adding $6,442 every year, while hoping to spend $26,591 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: 47/28/25 Blend
34$1,040,000$1,040,000$1,040,000$1,040,000
35$1,152,725$1,097,605$1,081,485$1,198,394
36$1,242,010$1,123,095$1,089,422$1,256,623
37$1,339,511$1,148,943$1,096,734$1,316,667
38$1,446,038$1,175,138$1,103,371$1,381,314
39$1,562,483$1,201,668$1,109,283$1,451,012
40$1,689,827$1,228,520$1,114,414$1,526,250
41$1,829,151$1,255,680$1,118,709$1,607,569
42$1,981,645$1,283,129$1,122,106$1,695,565
43$2,148,620$1,310,849$1,124,544$1,790,895
44$2,331,519$1,338,821$1,125,957$1,894,284
45$2,531,932$1,367,021$1,126,274$2,006,531
46$2,751,609$1,395,425$1,125,424$2,128,516
47$2,992,478$1,424,005$1,123,330$2,261,210
48$3,256,661$1,452,732$1,119,913$2,405,684
49$3,546,499$1,481,574$1,115,087$2,563,118
50$3,864,566$1,510,495$1,108,767$2,734,812
51$4,213,699$1,539,458$1,100,859$2,922,203
52$4,597,026$1,568,420$1,091,267$3,126,871
53$5,017,988$1,597,338$1,079,890$3,350,560
54$5,480,378$1,626,163$1,066,621$3,595,195
55$5,988,374$1,654,843$1,051,351$3,862,894
56$6,546,580$1,683,321$1,033,962$4,155,995
57$7,160,065$1,711,538$1,014,334$4,477,076
58$7,834,416$1,739,428$992,339$4,828,978
59$8,575,788$1,766,922$967,844$5,214,835
60$9,390,962$1,793,944$940,709$5,638,099
61$10,287,406$1,820,414$910,790$6,102,579
62$11,273,353$1,846,246$877,933$6,612,474
63$12,357,871$1,871,347$841,979$7,172,412
64$13,550,950$1,895,620$802,762$7,787,496
65$14,863,600$1,918,957$760,107$8,463,352
66$16,307,949$1,941,248$713,832$9,206,183
67$17,897,361$1,962,372$663,748$10,022,825
68$19,646,563$1,982,199$609,655$10,920,818
69$21,571,780$2,000,593$551,345$11,908,470
70$23,690,888$2,017,409$488,602$12,994,942
71$26,023,587$2,032,491$421,198$14,190,334
72$28,591,583$2,045,673$348,898$15,505,778
73$31,418,792$2,056,778$271,454$16,953,545
74$34,531,569$2,065,621$188,608$18,547,165
75$37,958,953$2,072,000$100,090$20,301,550
76$41,732,943$2,075,705$5,620$22,233,139
77$45,888,798$2,076,509$0$24,360,053
78$50,465,372$2,074,175$0$26,727,658
79$55,505,478$2,068,448$0$29,335,831
80$61,056,293$2,059,058$0$32,207,425
81$67,169,803$2,045,720$0$35,369,282
82$73,903,292$2,028,129$0$38,850,981
83$81,319,886$2,005,966$0$42,685,123
84$89,489,143$1,978,887$0$46,907,633
85$98,487,716$1,946,533$0$51,558,107
86$108,400,070$1,908,519$0$56,680,179
87$119,319,281$1,864,441$0$62,321,937
88$131,347,918$1,813,869$0$68,536,379
89$144,599,005$1,756,348$0$75,381,910
90$159,197,092$1,691,397$0$82,922,897
91$175,279,426$1,618,507$0$91,230,276
92$192,997,252$1,537,138$0$100,382,223
93$212,517,235$1,446,721$0$110,464,893
94$234,023,035$1,346,652$0$121,573,231
95$257,717,042$1,236,295$0$133,811,877
96$283,822,282$1,114,976$0$147,296,145
97$312,584,528$981,983$0$162,153,121
98$344,274,612$836,562$0$178,522,857
99$379,190,988$677,920$0$196,559,700
100$417,662,547$505,215$0$216,433,748