Can I retire at age 35 with 1,070,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,070,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$88,360$87,573$86,805$86,055$85,323$83,703
2 years$43,742$42,928$42,138$41,373$40,630$39,004
3 years$28,872$28,054$27,266$26,508$25,777$24,196
4 years$21,438$20,622$19,843$19,097$18,385$16,861
5 years$16,979$16,168$15,399$14,669$13,976$12,513
6 years$14,007$13,203$12,445$11,731$11,059$9,659
7 years$11,885$11,088$10,341$9,644$8,994$7,657
8 years$10,295$9,504$8,770$8,090$7,461$6,188
9 years$9,058$8,275$7,554$6,891$6,283$5,072
10 years$8,070$7,294$6,586$5,940$5,354$4,204
11 years$7,261$6,493$5,798$5,170$4,604$3,514
12 years$6,588$5,828$5,146$4,535$3,990$2,958
13 years$6,019$5,267$4,597$4,003$3,479$2,504
14 years$5,531$4,788$4,131$3,554$3,050$2,129
15 years$5,109$4,373$3,729$3,169$2,685$1,818
16 years$4,741$4,013$3,381$2,838$2,373$1,557
17 years$4,415$3,695$3,077$2,550$2,104$1,337
18 years$4,127$3,415$2,809$2,298$1,871$1,150
19 years$3,869$3,165$2,571$2,076$1,668$992
20 years$3,637$2,941$2,360$1,880$1,490$857
21 years$3,427$2,739$2,171$1,707$1,333$741
22 years$3,237$2,557$2,000$1,552$1,195$642
23 years$3,063$2,392$1,847$1,413$1,073$556
24 years$2,904$2,241$1,708$1,289$964$482
25 years$2,759$2,103$1,582$1,177$868$419
26 years$2,624$1,976$1,467$1,076$781$364
27 years$2,500$1,860$1,363$985$705$316
28 years$2,385$1,753$1,267$903$636$275
29 years$2,278$1,653$1,179$828$574$239
30 years$2,178$1,561$1,098$760$519$208
31 years$2,085$1,476$1,024$698$469$181
32 years$1,998$1,397$955$641$424$158
33 years$1,916$1,323$892$590$384$138
34 years$1,840$1,254$833$543$348$120
35 years$1,767$1,189$779$499$315$105
36 years$1,699$1,129$729$460$285$91
37 years$1,635$1,072$682$424$259$79
38 years$1,575$1,019$639$391$234$69
39 years$1,517$969$598$360$213$60
40 years$1,463$922$561$332$193$53
41 years$1,411$877$526$306$175$46
42 years$1,362$835$493$283$159$40
43 years$1,316$796$463$261$144$35
44 years$1,271$759$435$241$131$30
45 years$1,229$724$408$223$119$27
46 years$1,189$690$383$206$108$23
47 years$1,150$659$360$190$98$20
48 years$1,113$629$338$176$89$18
49 years$1,078$600$318$162$81$15
50 years$1,045$574$299$150$73$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $1,070,000, adding $4,896 every year, while hoping to spend $45,235 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: 45/36/19 Blend
34$1,070,000$1,070,000$1,070,000$1,070,000
35$1,184,190$1,127,480$1,110,895$1,230,809
36$1,256,848$1,134,597$1,099,981$1,271,102
37$1,335,401$1,140,547$1,087,184$1,309,897
38$1,420,402$1,145,224$1,072,395$1,351,020
39$1,512,460$1,148,517$1,055,498$1,394,710
40$1,612,244$1,150,308$1,036,370$1,441,230
41$1,720,490$1,150,470$1,014,886$1,490,872
42$1,838,007$1,148,869$990,911$1,543,960
43$1,965,684$1,145,365$964,307$1,600,855
44$2,104,501$1,139,804$934,928$1,661,957
45$2,255,534$1,132,028$902,622$1,727,710
46$2,419,968$1,121,867$867,229$1,798,605
47$2,599,107$1,109,141$828,584$1,875,190
48$2,794,385$1,093,659$786,511$1,958,070
49$3,007,383$1,075,218$740,829$2,047,915
50$3,239,837$1,053,605$691,348$2,145,469
51$3,493,661$1,028,592$637,869$2,251,556
52$3,770,961$999,940$580,184$2,367,091
53$4,074,055$967,393$518,077$2,493,083
54$4,405,497$930,683$451,320$2,630,652
55$4,768,095$889,525$379,677$2,781,039
56$5,164,946$843,617$302,902$2,945,616
57$5,599,457$792,640$220,735$3,125,901
58$6,075,380$736,258$132,908$3,323,576
59$6,596,847$674,113$39,139$3,540,500
60$7,168,411$605,829$0$3,778,731
61$7,795,082$531,008$0$4,052,895
62$8,482,382$449,229$0$4,362,428
63$9,236,390$360,047$0$4,702,233
64$10,063,805$262,993$0$5,075,453
65$10,972,004$157,569$0$5,485,560
66$11,969,111$43,254$0$5,936,384
67$13,064,080$0$0$6,432,156
68$14,266,770$0$0$7,009,436
69$15,588,045$0$0$7,662,594
70$17,039,870$0$0$8,380,428
71$18,635,430$0$0$9,169,472
72$20,389,248$0$0$10,036,927
73$22,317,325$0$0$10,990,726
74$24,437,289$0$0$12,039,609
75$26,768,564$0$0$13,193,205
76$29,332,546$0$0$14,462,122
77$32,152,812$0$0$15,858,049
78$35,255,339$0$0$17,393,867
79$38,668,746$0$0$19,083,764
80$42,424,568$0$0$20,943,375
81$46,557,549$0$0$22,989,929
82$51,105,973$0$0$25,242,407
83$56,112,022$0$0$27,721,724
84$61,622,175$0$0$30,450,925
85$67,687,645$0$0$33,455,406
86$74,364,864$0$0$36,763,145
87$81,716,011$0$0$40,404,976
88$89,809,602$0$0$44,414,871
89$98,721,134$0$0$48,830,265
90$108,533,797$0$0$53,692,410
91$119,339,259$0$0$59,046,760
92$131,238,532$0$0$64,943,402
93$144,342,921$0$0$71,437,528
94$158,775,076$0$0$78,589,956
95$174,670,150$0$0$86,467,705
96$192,177,072$0$0$95,144,625
97$211,459,953$0$0$104,702,092
98$232,699,633$0$0$115,229,781
99$256,095,390$0$0$126,826,509
100$281,866,817$0$0$139,601,167