Can I retire at age 35 with 1,220,000?

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 $1,220,000?

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 years$100,746$99,849$98,974$98,119$97,285$93,758
2 years$49,874$48,946$48,045$47,173$46,326$42,812
3 years$32,919$31,987$31,089$30,224$29,391$26,000
4 years$24,443$23,513$22,625$21,775$20,962$17,719
5 years$19,359$18,435$17,558$16,725$15,935$12,850
6 years$15,971$15,053$14,189$13,375$12,609$9,683
7 years$13,552$12,642$11,791$10,996$10,254$7,487
8 years$11,738$10,836$10,000$9,225$8,507$5,896
9 years$10,328$9,435$8,613$7,857$7,164$4,706
10 years$9,201$8,317$7,509$6,773$6,104$3,795
11 years$8,279$7,404$6,611$5,895$5,250$3,084
12 years$7,512$6,645$5,867$5,170$4,549$2,522
13 years$6,863$6,005$5,242$4,565$3,967$2,072
14 years$6,307$5,459$4,710$4,052$3,478$1,710
15 years$5,826$4,987$4,252$3,614$3,062$1,415
16 years$5,405$4,575$3,855$3,236$2,706$1,174
17 years$5,034$4,213$3,508$2,907$2,399$976
18 years$4,705$3,893$3,202$2,620$2,133$813
19 years$4,411$3,608$2,932$2,367$1,902$679
20 years$4,146$3,353$2,691$2,144$1,699$567
21 years$3,907$3,123$2,475$1,946$1,520$474
22 years$3,690$2,915$2,281$1,769$1,362$397
23 years$3,493$2,727$2,106$1,611$1,223$332
24 years$3,312$2,555$1,948$1,470$1,099$278
25 years$3,145$2,398$1,804$1,342$989$233
26 years$2,992$2,253$1,673$1,227$891$196
27 years$2,850$2,121$1,554$1,123$803$164
28 years$2,719$1,998$1,444$1,029$725$138
29 years$2,597$1,885$1,344$944$655$116
30 years$2,483$1,780$1,252$866$591$97
31 years$2,377$1,683$1,167$795$535$81
32 years$2,278$1,592$1,089$731$484$68
33 years$2,185$1,508$1,017$672$438$57
34 years$2,097$1,429$950$619$396$48
35 years$2,015$1,356$888$569$359$41
36 years$1,938$1,287$831$524$325$34
37 years$1,864$1,222$778$483$295$29
38 years$1,795$1,161$728$445$267$24
39 years$1,730$1,104$682$411$242$20
40 years$1,668$1,051$640$379$220$17
41 years$1,609$1,000$600$349$199$14
42 years$1,553$953$563$323$181$12
43 years$1,500$908$528$298$164$10
44 years$1,450$865$495$275$149$8
45 years$1,401$825$465$254$135$7
46 years$1,355$787$437$234$123$6
47 years$1,312$751$411$217$112$5
48 years$1,270$717$386$200$101$4
49 years$1,230$685$363$185$92$4
50 years$1,191$654$341$171$84$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $1,220,000, adding $4,682 every year, while hoping to spend $52,330 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: 73/5/22 Blend
34$1,220,000$1,220,000$1,220,000$1,220,000
35$1,349,269$1,284,609$1,265,699$1,440,186
36$1,431,216$1,291,877$1,252,422$1,508,571
37$1,519,768$1,297,746$1,236,945$1,576,744
38$1,615,542$1,302,094$1,219,141$1,650,123
39$1,719,220$1,304,789$1,198,875$1,729,218
40$1,831,547$1,305,690$1,176,004$1,814,591
41$1,953,347$1,304,651$1,150,382$1,906,861
42$2,085,522$1,301,513$1,121,853$2,006,712
43$2,229,066$1,296,108$1,090,257$2,114,898
44$2,385,073$1,288,259$1,055,422$2,232,251
45$2,554,745$1,277,778$1,017,173$2,359,688
46$2,739,404$1,264,465$975,324$2,498,221
47$2,940,508$1,248,107$929,681$2,648,966
48$3,159,656$1,228,482$880,042$2,813,155
49$3,398,614$1,205,349$826,196$2,992,144
50$3,659,320$1,178,459$767,921$3,187,433
51$3,943,910$1,147,544$704,987$3,400,672
52$4,254,736$1,112,320$637,151$3,633,683
53$4,594,386$1,072,491$564,162$3,888,476
54$4,965,708$1,027,738$485,756$4,167,266
55$5,371,840$977,727$401,659$4,472,497
56$5,816,236$922,103$311,583$4,806,864
57$6,302,699$860,493$215,228$5,173,339
58$6,835,417$792,501$112,281$5,575,200
59$7,419,003$717,706$2,415$6,016,060
60$8,058,535$635,667$0$6,499,906
61$8,759,607$545,917$0$7,058,088
62$9,528,381$447,960$0$7,670,852
63$10,371,641$341,275$0$8,343,064
64$11,296,861$225,311$0$9,080,705
65$12,312,275$99,485$0$9,890,366
66$13,426,949$0$0$10,779,311
67$14,650,873$0$0$11,757,566
68$15,995,050$0$0$12,838,006
69$17,471,602$0$0$14,024,907
70$19,093,881$0$0$15,329,011
71$20,876,598$0$0$16,762,151
72$22,835,959$0$0$18,337,363
73$24,989,818$0$0$20,069,009
74$27,357,845$0$0$21,972,912
75$29,961,712$0$0$24,066,505
76$32,825,295$0$0$26,368,993
77$35,974,898$0$0$28,901,537
78$39,439,506$0$0$31,687,452
79$43,251,052$0$0$34,752,427
80$47,444,720$0$0$38,124,764
81$52,059,277$0$0$41,835,648
82$57,137,438$0$0$45,919,440
83$62,726,266$0$0$50,414,001
84$68,877,621$0$0$55,361,046
85$75,648,642$0$0$60,806,542
86$83,102,290$0$0$66,801,137
87$91,307,942$0$0$73,400,638
88$100,342,040$0$0$80,666,541
89$110,288,818$0$0$88,666,606
90$121,241,092$0$0$97,475,497
91$133,301,136$0$0$107,175,490
92$146,581,649$0$0$117,857,243
93$161,206,814$0$0$129,620,655
94$177,313,471$0$0$142,575,808
95$195,052,410$0$0$156,844,002
96$214,589,788$0$0$172,558,904
97$236,108,704$0$0$189,867,806
98$259,810,917$0$0$208,933,014
99$285,918,759$0$0$229,933,383
100$314,677,225$0$0$253,065,998