Can I retire at age 35 with 1,060,000?

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 $1,060,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$87,534$86,754$85,993$85,251$84,526$82,316
2 years$43,334$42,527$41,744$40,986$40,250$38,039
3 years$28,602$27,792$27,011$26,260$25,537$23,392
4 years$21,238$20,430$19,657$18,919$18,213$16,153
5 years$16,820$16,017$15,255$14,532$13,845$11,875
6 years$13,876$13,079$12,328$11,621$10,955$9,077
7 years$11,774$10,984$10,245$9,554$8,909$7,123
8 years$10,199$9,415$8,688$8,015$7,391$5,696
9 years$8,974$8,198$7,483$6,827$6,225$4,619
10 years$7,994$7,226$6,524$5,885$5,304$3,786
11 years$7,193$6,433$5,744$5,122$4,561$3,129
12 years$6,526$5,774$5,097$4,492$3,953$2,603
13 years$5,963$5,218$4,554$3,966$3,447$2,177
14 years$5,480$4,743$4,092$3,521$3,021$1,829
15 years$5,062$4,333$3,695$3,140$2,660$1,542
16 years$4,696$3,975$3,350$2,811$2,351$1,303
17 years$4,374$3,661$3,048$2,526$2,085$1,105
18 years$4,088$3,383$2,782$2,276$1,854$938
19 years$3,832$3,135$2,547$2,057$1,652$798
20 years$3,603$2,913$2,338$1,863$1,476$680
21 years$3,395$2,714$2,150$1,691$1,321$580
22 years$3,206$2,533$1,982$1,537$1,184$495
23 years$3,035$2,369$1,830$1,400$1,063$423
24 years$2,877$2,220$1,692$1,277$955$362
25 years$2,733$2,083$1,567$1,166$859$310
26 years$2,600$1,958$1,454$1,066$774$265
27 years$2,477$1,843$1,350$976$698$227
28 years$2,363$1,736$1,255$894$630$195
29 years$2,256$1,638$1,168$820$569$167
30 years$2,158$1,547$1,088$753$514$143
31 years$2,065$1,462$1,014$691$465$123
32 years$1,979$1,384$946$635$420$105
33 years$1,898$1,310$883$584$380$91
34 years$1,822$1,242$825$537$344$78
35 years$1,751$1,178$772$495$312$67
36 years$1,684$1,118$722$456$283$57
37 years$1,620$1,062$676$420$256$49
38 years$1,560$1,009$633$387$232$42
39 years$1,503$960$593$357$211$36
40 years$1,449$913$556$329$191$31
41 years$1,398$869$521$304$173$27
42 years$1,350$828$489$280$157$23
43 years$1,303$789$459$259$143$20
44 years$1,259$752$430$239$130$17
45 years$1,218$717$404$221$118$15
46 years$1,178$684$380$204$107$12
47 years$1,140$653$357$188$97$11
48 years$1,103$623$335$174$88$9
49 years$1,068$595$315$161$80$8
50 years$1,035$568$296$149$73$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $1,060,000, adding $3,733 every year, while hoping to spend $25,906 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: 61/19/20 Blend
34$1,060,000$1,060,000$1,060,000$1,060,000
35$1,171,971$1,115,791$1,099,361$1,237,147
36$1,263,948$1,142,901$1,108,625$1,308,752
37$1,364,438$1,170,471$1,117,332$1,383,666
38$1,474,284$1,198,496$1,125,435$1,464,837
39$1,594,409$1,226,971$1,132,886$1,552,875
40$1,725,834$1,255,888$1,139,633$1,648,455
41$1,869,682$1,285,239$1,145,624$1,752,317
42$2,027,188$1,315,015$1,150,801$1,865,280
43$2,199,715$1,345,203$1,155,105$1,988,244
44$2,388,760$1,375,792$1,158,476$2,122,202
45$2,595,974$1,406,768$1,160,846$2,268,246
46$2,823,177$1,438,113$1,162,148$2,427,583
47$3,072,371$1,469,810$1,162,309$2,601,539
48$3,345,761$1,501,839$1,161,255$2,791,579
49$3,645,777$1,534,178$1,158,906$2,999,314
50$3,975,096$1,566,802$1,155,178$3,226,522
51$4,336,664$1,599,684$1,149,985$3,475,161
52$4,733,730$1,632,794$1,143,236$3,747,389
53$5,169,871$1,666,101$1,134,835$4,045,585
54$5,649,027$1,699,570$1,124,681$4,372,370
55$6,175,539$1,733,160$1,112,669$4,730,633
56$6,754,191$1,766,831$1,098,690$5,123,558
57$7,390,251$1,800,538$1,082,628$5,554,655
58$8,089,523$1,834,231$1,064,363$6,027,790
59$8,858,403$1,867,857$1,043,768$6,547,226
60$9,703,937$1,901,359$1,020,711$7,117,661
61$10,633,888$1,934,675$995,054$7,744,272
62$11,656,808$1,967,738$966,653$8,432,766
63$12,782,122$2,000,477$935,355$9,189,433
64$14,020,212$2,032,813$901,003$10,021,203
65$15,382,518$2,064,666$863,430$10,935,716
66$16,881,644$2,095,944$822,465$11,941,393
67$18,531,480$2,126,554$777,926$13,047,512
68$20,347,329$2,156,392$729,624$14,264,303
69$22,346,051$2,185,350$677,361$15,603,036
70$24,546,228$2,213,311$620,932$17,076,136
71$26,968,329$2,240,150$560,120$18,697,296
72$29,634,915$2,265,733$494,699$20,481,606
73$32,570,840$2,289,918$424,436$22,445,697
74$35,803,494$2,312,553$349,083$24,607,902
75$39,363,057$2,333,475$268,384$26,988,422
76$43,282,786$2,352,512$182,072$29,609,523
77$47,599,325$2,369,479$89,866$32,495,744
78$52,353,054$2,384,182$0$35,674,131
79$57,588,469$2,396,410$0$39,176,312
80$63,354,602$2,405,944$0$43,053,898
81$69,705,482$2,412,545$0$47,323,966
82$76,700,646$2,415,965$0$52,026,486
83$84,405,700$2,415,936$0$57,205,508
84$92,892,941$2,412,176$0$62,909,572
85$102,242,032$2,404,384$0$69,192,171
86$112,540,762$2,392,241$0$76,112,253
87$123,885,869$2,375,410$0$83,734,780
88$136,383,954$2,353,532$0$92,131,340
89$150,152,488$2,326,226$0$101,380,822
90$165,320,920$2,293,089$0$111,570,164
91$182,031,897$2,253,694$0$122,795,170
92$200,442,614$2,207,589$0$135,161,419
93$220,726,294$2,154,293$0$148,785,258
94$243,073,822$2,093,300$0$163,794,903
95$267,695,552$2,024,071$0$180,331,650
96$294,823,286$1,946,039$0$198,551,208
97$324,712,467$1,858,601$0$218,625,169
98$357,644,587$1,761,120$0$240,742,630
99$393,929,843$1,652,923$0$265,111,977
100$433,910,069$1,533,299$0$291,962,855