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%17.5%
1 years$87,534$86,754$85,993$85,251$84,526$81,951
2 years$43,334$42,527$41,744$40,986$40,250$37,679
3 years$28,602$27,792$27,011$26,260$25,537$23,048
4 years$21,238$20,430$19,657$18,919$18,213$15,827
5 years$16,820$16,017$15,255$14,532$13,845$11,569
6 years$13,876$13,079$12,328$11,621$10,955$8,790
7 years$11,774$10,984$10,245$9,554$8,909$6,855
8 years$10,199$9,415$8,688$8,015$7,391$5,446
9 years$8,974$8,198$7,483$6,827$6,225$4,387
10 years$7,994$7,226$6,524$5,885$5,304$3,571
11 years$7,193$6,433$5,744$5,122$4,561$2,930
12 years$6,526$5,774$5,097$4,492$3,953$2,420
13 years$5,963$5,218$4,554$3,966$3,447$2,009
14 years$5,480$4,743$4,092$3,521$3,021$1,675
15 years$5,062$4,333$3,695$3,140$2,660$1,401
16 years$4,696$3,975$3,350$2,811$2,351$1,175
17 years$4,374$3,661$3,048$2,526$2,085$988
18 years$4,088$3,383$2,782$2,276$1,854$833
19 years$3,832$3,135$2,547$2,057$1,652$702
20 years$3,603$2,913$2,338$1,863$1,476$594
21 years$3,395$2,714$2,150$1,691$1,321$502
22 years$3,206$2,533$1,982$1,537$1,184$425
23 years$3,035$2,369$1,830$1,400$1,063$360
24 years$2,877$2,220$1,692$1,277$955$305
25 years$2,733$2,083$1,567$1,166$859$259
26 years$2,600$1,958$1,454$1,066$774$220
27 years$2,477$1,843$1,350$976$698$187
28 years$2,363$1,736$1,255$894$630$159
29 years$2,256$1,638$1,168$820$569$135
30 years$2,158$1,547$1,088$753$514$115
31 years$2,065$1,462$1,014$691$465$97
32 years$1,979$1,384$946$635$420$83
33 years$1,898$1,310$883$584$380$70
34 years$1,822$1,242$825$537$344$60
35 years$1,751$1,178$772$495$312$51
36 years$1,684$1,118$722$456$283$43
37 years$1,620$1,062$676$420$256$37
38 years$1,560$1,009$633$387$232$31
39 years$1,503$960$593$357$211$27
40 years$1,449$913$556$329$191$23
41 years$1,398$869$521$304$173$19
42 years$1,350$828$489$280$157$16
43 years$1,303$789$459$259$143$14
44 years$1,259$752$430$239$130$12
45 years$1,218$717$404$221$118$10
46 years$1,178$684$380$204$107$9
47 years$1,140$653$357$188$97$7
48 years$1,103$623$335$174$88$6
49 years$1,068$595$315$161$80$5
50 years$1,035$568$296$149$73$5

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 $5,801 every year, while hoping to spend $34,271 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: 63/11/26 Blend
34$1,060,000$1,060,000$1,060,000$1,060,000
35$1,174,104$1,117,924$1,101,494$1,239,644
36$1,257,398$1,136,238$1,101,930$1,303,029
37$1,348,040$1,154,301$1,101,232$1,367,944
38$1,446,743$1,172,064$1,099,325$1,438,100
39$1,554,291$1,189,476$1,096,133$1,514,013
40$1,671,548$1,206,480$1,091,573$1,596,256
41$1,799,466$1,223,017$1,085,561$1,685,459
42$1,939,089$1,239,023$1,078,005$1,782,315
43$2,091,571$1,254,429$1,068,813$1,887,594
44$2,258,179$1,269,164$1,057,885$2,002,138
45$2,440,308$1,283,148$1,045,120$2,126,883
46$2,639,497$1,296,300$1,030,409$2,262,855
47$2,857,436$1,308,529$1,013,638$2,411,189
48$3,095,990$1,319,742$994,690$2,573,136
49$3,357,209$1,329,838$973,441$2,750,076
50$3,643,354$1,338,710$949,760$2,943,530
51$3,956,913$1,346,243$923,514$3,155,177
52$4,300,625$1,352,316$894,559$3,386,866
53$4,677,510$1,356,800$862,748$3,640,639
54$5,090,891$1,359,558$827,924$3,918,746
55$5,544,429$1,360,444$789,927$4,223,669
56$6,042,158$1,359,303$748,587$4,558,144
57$6,588,519$1,355,970$703,725$4,925,189
58$7,188,406$1,350,270$655,158$5,328,131
59$7,847,209$1,342,019$602,691$5,770,639
60$8,570,866$1,331,019$546,123$6,256,759
61$9,365,917$1,317,063$485,242$6,790,951
62$10,239,570$1,299,928$419,827$7,378,134
63$11,199,763$1,279,382$349,648$8,023,731
64$12,255,243$1,255,174$274,464$8,733,720
65$13,415,643$1,227,044$194,025$9,514,693
66$14,691,581$1,194,712$108,067$10,373,919
67$16,094,753$1,157,883$16,317$11,319,409
68$17,638,043$1,116,245$0$12,359,997
69$19,335,651$1,069,468$0$13,528,060
70$21,203,218$1,017,202$0$14,817,997
71$23,257,980$959,079$0$16,237,202
72$25,518,927$894,707$0$17,798,811
73$28,006,982$823,672$0$19,517,304
74$30,745,200$745,538$0$21,408,635
75$33,758,984$659,843$0$23,490,386
76$37,076,324$566,099$0$25,781,932
77$40,728,061$463,789$0$28,304,625
78$44,748,178$352,370$0$31,081,996
79$49,174,122$231,267$0$34,139,973
80$54,047,154$99,870$0$37,507,133
81$59,412,739$0$0$41,214,964
82$65,320,976$0$0$45,303,311
83$71,827,070$0$0$49,818,769
84$78,991,851$0$0$54,791,481
85$86,882,350$0$0$60,267,982
86$95,572,429$0$0$66,299,552
87$105,143,481$0$0$72,942,695
88$115,685,194$0$0$80,259,677
89$127,296,400$0$0$88,319,111
90$140,086,006$0$0$97,196,605
91$154,174,021$0$0$106,975,476
92$169,692,689$0$0$117,747,533
93$186,787,738$0$0$129,613,947
94$205,619,754$0$0$142,686,205
95$226,365,694$0$0$157,087,160
96$249,220,562$0$0$172,952,192
97$274,399,241$0$0$190,430,484
98$302,138,529$0$0$209,686,433
99$332,699,366$0$0$230,901,198
100$366,369,305$0$0$254,274,411