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%19.1%
1 years$85,882$85,117$84,371$83,642$82,931$79,893
2 years$42,516$41,724$40,957$40,213$39,491$36,464
3 years$28,062$27,267$26,502$25,765$25,055$22,134
4 years$20,837$20,044$19,286$18,562$17,869$15,077
5 years$16,503$15,715$14,967$14,257$13,584$10,928
6 years$13,615$12,832$12,096$11,402$10,748$8,230
7 years$11,552$10,777$10,052$9,374$8,741$6,360
8 years$10,006$9,238$8,524$7,864$7,252$5,006
9 years$8,804$8,043$7,342$6,698$6,107$3,993
10 years$7,843$7,089$6,401$5,774$5,204$3,217
11 years$7,058$6,311$5,635$5,025$4,475$2,613
12 years$6,403$5,665$5,001$4,408$3,878$2,135
13 years$5,850$5,119$4,468$3,891$3,382$1,754
14 years$5,376$4,653$4,015$3,454$2,964$1,446
15 years$4,966$4,251$3,625$3,081$2,610$1,196
16 years$4,608$3,900$3,286$2,758$2,307$992
17 years$4,292$3,592$2,991$2,478$2,045$824
18 years$4,011$3,319$2,730$2,233$1,819$686
19 years$3,760$3,076$2,499$2,018$1,621$572
20 years$3,535$2,858$2,294$1,828$1,448$477
21 years$3,331$2,662$2,110$1,659$1,296$399
22 years$3,146$2,485$1,944$1,508$1,161$333
23 years$2,977$2,324$1,795$1,374$1,043$279
24 years$2,823$2,178$1,660$1,253$937$233
25 years$2,681$2,044$1,538$1,144$843$196
26 years$2,551$1,921$1,426$1,046$760$164
27 years$2,430$1,808$1,324$958$685$137
28 years$2,318$1,703$1,231$877$618$115
29 years$2,214$1,607$1,146$805$558$97
30 years$2,117$1,518$1,067$738$504$81
31 years$2,027$1,435$995$678$456$68
32 years$1,942$1,357$928$623$412$57
33 years$1,862$1,286$867$573$373$48
34 years$1,788$1,218$810$527$338$40
35 years$1,718$1,156$757$485$306$34
36 years$1,652$1,097$708$447$277$28
37 years$1,589$1,042$663$412$251$24
38 years$1,530$990$621$380$228$20
39 years$1,475$941$582$350$207$17
40 years$1,422$896$545$323$187$14
41 years$1,372$853$511$298$170$12
42 years$1,324$812$480$275$154$10
43 years$1,279$774$450$254$140$8
44 years$1,236$738$422$234$127$7
45 years$1,195$703$397$216$115$6
46 years$1,155$671$372$200$105$5
47 years$1,118$640$350$185$95$4
48 years$1,082$611$329$171$86$3
49 years$1,048$584$309$158$78$3
50 years$1,015$558$291$146$71$2

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 $6,777 every year, while hoping to spend $24,232 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: 75/18/7 Blend
34$1,040,000$1,040,000$1,040,000$1,040,000
35$1,153,070$1,097,950$1,081,830$1,237,980
36$1,244,901$1,125,967$1,092,289$1,322,798
37$1,345,286$1,154,545$1,102,286$1,411,956
38$1,455,073$1,183,685$1,111,780$1,508,958
39$1,575,193$1,213,389$1,120,728$1,614,569
40$1,706,675$1,243,657$1,129,084$1,729,637
41$1,850,649$1,274,489$1,136,801$1,855,091
42$2,008,359$1,305,883$1,143,828$1,991,958
43$2,181,177$1,337,837$1,150,112$2,141,367
44$2,370,614$1,370,348$1,155,598$2,304,560
45$2,578,333$1,403,411$1,160,227$2,482,909
46$2,806,165$1,437,020$1,163,936$2,677,921
47$3,056,129$1,471,169$1,166,663$2,891,258
48$3,330,447$1,505,849$1,168,339$3,124,751
49$3,631,567$1,541,050$1,168,892$3,380,417
50$3,962,185$1,576,760$1,168,249$3,660,476
51$4,325,273$1,612,966$1,166,330$3,967,376
52$4,724,102$1,649,653$1,163,054$4,303,812
53$5,162,279$1,686,804$1,158,334$4,672,755
54$5,643,773$1,724,399$1,152,080$5,077,477
55$6,172,960$1,762,417$1,144,197$5,521,583
56$6,754,661$1,800,834$1,134,587$6,009,045
57$7,394,184$1,839,624$1,123,143$6,544,240
58$8,097,382$1,878,756$1,109,759$7,131,990
59$8,870,698$1,918,198$1,094,320$7,777,607
60$9,721,236$1,957,916$1,076,706$8,486,947
61$10,656,818$1,997,871$1,056,792$9,266,460
62$11,686,067$2,038,020$1,034,448$10,123,253
63$12,818,480$2,078,317$1,009,536$11,065,158
64$14,064,523$2,118,712$981,914$12,100,806
65$15,435,727$2,159,152$951,430$13,239,706
66$16,944,797$2,199,576$917,929$14,492,337
67$18,605,733$2,239,922$881,247$15,870,246
68$20,433,960$2,280,121$841,211$17,386,156
69$22,446,476$2,320,099$797,643$19,054,089
70$24,662,008$2,359,775$750,356$20,889,495
71$27,101,193$2,399,064$699,153$22,909,400
72$29,786,770$2,437,874$643,830$25,132,566
73$32,743,796$2,476,105$584,173$27,579,668
74$35,999,880$2,513,650$519,960$30,273,489
75$39,585,445$2,550,397$450,955$33,239,137
76$43,534,015$2,586,221$376,917$36,504,277
77$47,882,531$2,620,993$297,591$40,099,398
78$52,671,700$2,654,572$212,711$44,058,100
79$57,946,376$2,686,808$121,999$48,417,406
80$63,755,987$2,717,543$25,167$53,218,118
81$70,155,000$2,746,604$0$58,505,198
82$77,203,433$2,773,811$0$64,334,033
83$84,967,423$2,798,968$0$70,755,773
84$93,519,852$2,821,868$0$77,828,733
85$102,941,029$2,842,293$0$85,619,248
86$113,319,454$2,860,005$0$94,200,417
87$124,752,650$2,874,757$0$103,652,798
88$137,348,082$2,886,281$0$114,065,159
89$151,224,173$2,894,296$0$125,535,324
90$166,511,424$2,898,502$0$138,171,095
91$183,353,639$2,898,578$0$152,091,267
92$201,909,289$2,894,187$0$167,426,751
93$222,353,002$2,884,969$0$184,321,810
94$244,877,217$2,870,541$0$202,935,422
95$269,693,995$2,850,499$0$223,442,780
96$297,037,022$2,824,412$0$246,036,943
97$327,163,816$2,791,826$0$270,930,666
98$360,358,157$2,752,258$0$298,358,400
99$396,932,765$2,705,195$0$328,578,512
100$437,232,253$2,650,095$0$361,875,723