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%13.5%
1 years$87,534$86,754$85,993$85,251$84,526$83,297
2 years$43,334$42,527$41,744$40,986$40,250$39,015
3 years$28,602$27,792$27,011$26,260$25,537$24,333
4 years$21,238$20,430$19,657$18,919$18,213$17,050
5 years$16,820$16,017$15,255$14,532$13,845$12,727
6 years$13,876$13,079$12,328$11,621$10,955$9,883
7 years$11,774$10,984$10,245$9,554$8,909$7,883
8 years$10,199$9,415$8,688$8,015$7,391$6,411
9 years$8,974$8,198$7,483$6,827$6,225$5,290
10 years$7,994$7,226$6,524$5,885$5,304$4,414
11 years$7,193$6,433$5,744$5,122$4,561$3,715
12 years$6,526$5,774$5,097$4,492$3,953$3,150
13 years$5,963$5,218$4,554$3,966$3,447$2,685
14 years$5,480$4,743$4,092$3,521$3,021$2,301
15 years$5,062$4,333$3,695$3,140$2,660$1,979
16 years$4,696$3,975$3,350$2,811$2,351$1,708
17 years$4,374$3,661$3,048$2,526$2,085$1,478
18 years$4,088$3,383$2,782$2,276$1,854$1,282
19 years$3,832$3,135$2,547$2,057$1,652$1,115
20 years$3,603$2,913$2,338$1,863$1,476$971
21 years$3,395$2,714$2,150$1,691$1,321$846
22 years$3,206$2,533$1,982$1,537$1,184$739
23 years$3,035$2,369$1,830$1,400$1,063$646
24 years$2,877$2,220$1,692$1,277$955$565
25 years$2,733$2,083$1,567$1,166$859$495
26 years$2,600$1,958$1,454$1,066$774$434
27 years$2,477$1,843$1,350$976$698$381
28 years$2,363$1,736$1,255$894$630$334
29 years$2,256$1,638$1,168$820$569$293
30 years$2,158$1,547$1,088$753$514$258
31 years$2,065$1,462$1,014$691$465$226
32 years$1,979$1,384$946$635$420$199
33 years$1,898$1,310$883$584$380$175
34 years$1,822$1,242$825$537$344$154
35 years$1,751$1,178$772$495$312$135
36 years$1,684$1,118$722$456$283$119
37 years$1,620$1,062$676$420$256$105
38 years$1,560$1,009$633$387$232$92
39 years$1,503$960$593$357$211$81
40 years$1,449$913$556$329$191$71
41 years$1,398$869$521$304$173$63
42 years$1,350$828$489$280$157$55
43 years$1,303$789$459$259$143$49
44 years$1,259$752$430$239$130$43
45 years$1,218$717$404$221$118$38
46 years$1,178$684$380$204$107$33
47 years$1,140$653$357$188$97$29
48 years$1,103$623$335$174$88$26
49 years$1,068$595$315$161$80$23
50 years$1,035$568$296$149$73$20

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 $6,963 every year, while hoping to spend $57,740 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: 41/37/22 Blend
34$1,060,000$1,060,000$1,060,000$1,060,000
35$1,175,302$1,119,122$1,102,692$1,215,626
36$1,233,748$1,112,524$1,078,198$1,238,522
37$1,296,220$1,103,668$1,050,947$1,257,245
38$1,363,069$1,092,381$1,020,788$1,276,345
39$1,434,676$1,078,483$987,559$1,295,887
40$1,511,464$1,061,779$951,093$1,315,950
41$1,593,894$1,042,066$911,214$1,336,623
42$1,682,471$1,019,128$867,740$1,358,008
43$1,777,752$992,734$820,479$1,380,225
44$1,880,348$962,643$769,229$1,403,409
45$1,990,928$928,597$713,783$1,427,718
46$2,110,229$890,325$653,921$1,453,327
47$2,239,059$847,538$589,415$1,480,439
48$2,378,309$799,933$520,026$1,509,284
49$2,528,954$747,187$445,505$1,540,122
50$2,692,069$688,961$365,590$1,573,246
51$2,868,834$624,894$280,012$1,608,989
52$3,060,548$554,607$188,485$1,647,725
53$3,268,638$477,697$90,713$1,689,877
54$3,494,674$393,739$0$1,735,918
55$3,740,384$302,286$0$1,789,581
56$4,007,668$202,862$0$1,871,198
57$4,298,617$94,969$0$1,960,202
58$4,615,530$0$0$2,057,427
59$4,960,940$0$0$2,172,724
60$5,337,633$0$0$2,340,757
61$5,748,674$0$0$2,524,240
62$6,197,440$0$0$2,724,698
63$6,687,646$0$0$2,943,807
64$7,223,381$0$0$3,183,412
65$7,809,150$0$0$3,445,546
66$8,449,910$0$0$3,732,447
67$9,151,121$0$0$4,046,578
68$9,918,794$0$0$4,390,654
69$10,759,549$0$0$4,767,662
70$11,680,676$0$0$5,180,893
71$12,690,202$0$0$5,633,972
72$13,796,971$0$0$6,130,891
73$15,010,719$0$0$6,676,047
74$16,342,173$0$0$7,274,282
75$17,803,147$0$0$7,930,932
76$19,406,653$0$0$8,651,872
77$21,167,026$0$0$9,443,576
78$23,100,055$0$0$10,313,174
79$25,223,134$0$0$11,268,521
80$27,555,423$0$0$12,318,270
81$30,118,031$0$0$13,471,955
82$32,934,212$0$0$14,740,079
83$36,029,583$0$0$16,134,212
84$39,432,369$0$0$17,667,101
85$43,173,664$0$0$19,352,792
86$47,287,725$0$0$21,206,759
87$51,812,297$0$0$23,246,049
88$56,788,964$0$0$25,489,447
89$62,263,542$0$0$27,957,650
90$68,286,514$0$0$30,673,460
91$74,913,500$0$0$33,662,002
92$82,205,784$0$0$36,950,961
93$90,230,891$0$0$40,570,841
94$99,063,223$0$0$44,555,250
95$108,784,759$0$0$48,941,225
96$119,485,830$0$0$53,769,570
97$131,265,968$0$0$59,085,252
98$144,234,847$0$0$64,937,816
99$158,513,313$0$0$71,381,856
100$174,234,528$0$0$78,477,530