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

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 $1,040,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$85,882$85,117$84,371$83,642$82,931$80,567
2 years$42,516$41,724$40,957$40,213$39,491$37,128
3 years$28,062$27,267$26,502$25,765$25,055$22,766
4 years$20,837$20,044$19,286$18,562$17,869$15,673
5 years$16,503$15,715$14,967$14,257$13,584$11,486
6 years$13,615$12,832$12,096$11,402$10,748$8,751
7 years$11,552$10,777$10,052$9,374$8,741$6,844
8 years$10,006$9,238$8,524$7,864$7,252$5,454
9 years$8,804$8,043$7,342$6,698$6,107$4,406
10 years$7,843$7,089$6,401$5,774$5,204$3,598
11 years$7,058$6,311$5,635$5,025$4,475$2,962
12 years$6,403$5,665$5,001$4,408$3,878$2,455
13 years$5,850$5,119$4,468$3,891$3,382$2,045
14 years$5,376$4,653$4,015$3,454$2,964$1,710
15 years$4,966$4,251$3,625$3,081$2,610$1,436
16 years$4,608$3,900$3,286$2,758$2,307$1,209
17 years$4,292$3,592$2,991$2,478$2,045$1,020
18 years$4,011$3,319$2,730$2,233$1,819$863
19 years$3,760$3,076$2,499$2,018$1,621$731
20 years$3,535$2,858$2,294$1,828$1,448$620
21 years$3,331$2,662$2,110$1,659$1,296$526
22 years$3,146$2,485$1,944$1,508$1,161$447
23 years$2,977$2,324$1,795$1,374$1,043$380
24 years$2,823$2,178$1,660$1,253$937$324
25 years$2,681$2,044$1,538$1,144$843$276
26 years$2,551$1,921$1,426$1,046$760$235
27 years$2,430$1,808$1,324$958$685$200
28 years$2,318$1,703$1,231$877$618$171
29 years$2,214$1,607$1,146$805$558$146
30 years$2,117$1,518$1,067$738$504$124
31 years$2,027$1,435$995$678$456$106
32 years$1,942$1,357$928$623$412$91
33 years$1,862$1,286$867$573$373$77
34 years$1,788$1,218$810$527$338$66
35 years$1,718$1,156$757$485$306$56
36 years$1,652$1,097$708$447$277$48
37 years$1,589$1,042$663$412$251$41
38 years$1,530$990$621$380$228$35
39 years$1,475$941$582$350$207$30
40 years$1,422$896$545$323$187$26
41 years$1,372$853$511$298$170$22
42 years$1,324$812$480$275$154$19
43 years$1,279$774$450$254$140$16
44 years$1,236$738$422$234$127$14
45 years$1,195$703$397$216$115$12
46 years$1,155$671$372$200$105$10
47 years$1,118$640$350$185$95$9
48 years$1,082$611$329$171$86$7
49 years$1,048$584$309$158$78$6
50 years$1,015$558$291$146$71$5

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 $5,106 every year, while hoping to spend $21,191 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: 59/19/22 Blend
34$1,040,000$1,040,000$1,040,000$1,040,000
35$1,151,347$1,096,227$1,080,107$1,212,251
36$1,246,237$1,127,395$1,093,743$1,285,397
37$1,350,096$1,159,380$1,107,126$1,362,396
38$1,463,816$1,192,200$1,120,225$1,445,911
39$1,588,380$1,225,872$1,133,007$1,536,575
40$1,724,869$1,260,415$1,145,438$1,635,089
41$1,874,477$1,295,846$1,157,481$1,742,222
42$2,038,515$1,332,184$1,169,098$1,858,824
43$2,218,430$1,369,447$1,180,249$1,985,829
44$2,415,813$1,407,653$1,190,891$2,124,266
45$2,632,419$1,446,822$1,200,979$2,275,270
46$2,870,180$1,486,970$1,210,466$2,440,089
47$3,131,225$1,528,118$1,219,303$2,620,099
48$3,417,897$1,570,283$1,227,437$2,816,818
49$3,732,779$1,613,483$1,234,812$3,031,914
50$4,078,716$1,657,737$1,241,372$3,267,229
51$4,458,842$1,703,064$1,247,055$3,524,790
52$4,876,610$1,749,480$1,251,798$3,806,831
53$5,335,824$1,797,004$1,255,533$4,115,813
54$5,840,674$1,845,654$1,258,189$4,454,450
55$6,395,778$1,895,446$1,259,694$4,825,729
56$7,006,223$1,946,398$1,259,969$5,232,944
57$7,677,612$1,998,525$1,258,932$5,679,723
58$8,416,120$2,051,845$1,256,498$6,170,065
59$9,228,551$2,106,372$1,252,577$6,708,375
60$10,122,401$2,162,122$1,247,076$7,299,511
61$11,105,928$2,219,108$1,239,896$7,948,821
62$12,188,233$2,277,345$1,230,932$8,662,201
63$13,379,342$2,336,844$1,220,078$9,446,150
64$14,690,303$2,397,618$1,207,219$10,307,826
65$16,133,290$2,459,677$1,192,237$11,255,120
66$17,721,716$2,523,032$1,175,007$12,296,726
67$19,470,360$2,587,689$1,155,399$13,442,227
68$21,395,509$2,653,658$1,133,277$14,702,181
69$23,515,106$2,720,943$1,108,497$16,088,224
70$25,848,926$2,789,548$1,080,911$17,613,181
71$28,418,757$2,859,477$1,050,362$19,291,182
72$31,248,608$2,930,728$1,016,687$21,137,800
73$34,364,934$3,003,303$979,714$23,170,198
74$37,796,889$3,077,195$939,265$25,407,289
75$41,576,594$3,152,401$895,154$27,869,915
76$45,739,449$3,228,911$847,184$30,581,045
77$50,324,460$3,306,714$795,151$33,565,992
78$55,374,608$3,385,797$738,842$36,852,652
79$60,937,259$3,466,141$678,034$40,471,764
80$67,064,605$3,547,728$612,494$44,457,208
81$73,814,160$3,630,532$541,978$48,846,319
82$81,249,303$3,714,526$466,232$53,680,238
83$89,439,872$3,799,678$384,991$59,004,310
84$98,462,828$3,885,952$297,978$64,868,501
85$108,402,978$3,973,305$204,902$71,327,877
86$119,353,777$4,061,693$105,461$78,443,124
87$131,418,209$4,151,062$0$86,281,118
88$144,709,760$4,241,357$0$94,915,713
89$159,353,485$4,332,514$0$104,454,402
90$175,487,195$4,424,462$0$114,961,991
91$193,262,753$4,517,125$0$126,537,201
92$212,847,508$4,610,417$0$139,288,823
93$234,425,874$4,704,248$0$153,336,739
94$258,201,073$4,798,516$0$168,813,060
95$284,397,051$4,893,112$0$185,863,369
96$313,260,591$4,987,915$0$204,648,095
97$345,063,647$5,082,799$0$225,344,029
98$380,105,904$5,177,621$0$248,145,994
99$418,717,613$5,272,231$0$273,268,681
100$461,262,705$5,366,466$0$300,948,676