Can I retire at age 35 with 1,230,000?

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 $1,230,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$101,572$100,667$99,785$98,923$98,082$96,896
2 years$50,283$49,347$48,439$47,559$46,706$45,513
3 years$33,189$32,249$31,343$30,472$29,632$28,468
4 years$24,644$23,706$22,810$21,953$21,134$20,009
5 years$19,518$18,586$17,701$16,862$16,066$14,982
6 years$16,102$15,177$14,305$13,485$12,712$11,672
7 years$13,663$12,745$11,888$11,087$10,338$9,342
8 years$11,834$10,925$10,082$9,300$8,577$7,623
9 years$10,413$9,512$8,683$7,922$7,223$6,312
10 years$9,276$8,385$7,570$6,829$6,154$5,286
11 years$8,347$7,464$6,665$5,943$5,293$4,466
12 years$7,573$6,700$5,915$5,213$4,587$3,801
13 years$6,919$6,055$5,285$4,602$4,000$3,253
14 years$6,359$5,503$4,748$4,085$3,506$2,798
15 years$5,873$5,027$4,287$3,643$3,087$2,417
16 years$5,449$4,613$3,887$3,262$2,728$2,094
17 years$5,076$4,248$3,537$2,931$2,419$1,820
18 years$4,744$3,925$3,229$2,641$2,151$1,586
19 years$4,447$3,638$2,956$2,387$1,917$1,385
20 years$4,180$3,381$2,713$2,162$1,712$1,211
21 years$3,939$3,149$2,495$1,962$1,532$1,061
22 years$3,721$2,939$2,300$1,784$1,374$931
23 years$3,521$2,749$2,123$1,625$1,233$817
24 years$3,339$2,576$1,964$1,482$1,108$719
25 years$3,171$2,417$1,819$1,353$997$632
26 years$3,017$2,272$1,687$1,237$898$557
27 years$2,874$2,138$1,566$1,132$810$491
28 years$2,741$2,015$1,456$1,038$731$433
29 years$2,618$1,901$1,355$951$660$382
30 years$2,504$1,795$1,262$873$596$337
31 years$2,397$1,697$1,177$802$539$298
32 years$2,297$1,606$1,098$737$488$263
33 years$2,203$1,520$1,025$678$441$232
34 years$2,115$1,441$958$624$400$205
35 years$2,032$1,367$895$574$362$181
36 years$1,954$1,297$838$529$328$160
37 years$1,880$1,232$784$487$297$142
38 years$1,810$1,171$734$449$269$126
39 years$1,744$1,113$688$414$244$111
40 years$1,682$1,059$645$382$222$98
41 years$1,622$1,008$605$352$201$87
42 years$1,566$960$567$325$182$77
43 years$1,512$915$532$300$166$68
44 years$1,461$872$500$277$150$60
45 years$1,413$832$469$256$136$53
46 years$1,366$793$441$236$124$47
47 years$1,322$757$414$218$112$42
48 years$1,280$723$389$202$102$37
49 years$1,240$690$366$187$93$33
50 years$1,201$659$344$172$84$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $1,230,000, adding $2,373 every year, while hoping to spend $48,516 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: 62/11/27 Blend
34$1,230,000$1,230,000$1,230,000$1,230,000
35$1,357,908$1,292,718$1,273,653$1,432,160
36$1,444,794$1,304,440$1,264,699$1,494,578
37$1,538,916$1,315,111$1,253,820$1,557,208
38$1,640,961$1,324,628$1,240,899$1,624,552
39$1,751,685$1,332,880$1,225,815$1,697,081
40$1,871,919$1,339,753$1,208,441$1,775,313
41$2,002,575$1,345,121$1,188,645$1,859,820
42$2,144,659$1,348,854$1,166,286$1,951,237
43$2,299,277$1,350,811$1,141,220$2,050,262
44$2,467,647$1,350,843$1,113,293$2,157,666
45$2,651,105$1,348,793$1,082,347$2,274,303
46$2,851,127$1,344,493$1,048,215$2,401,112
47$3,069,334$1,337,766$1,010,722$2,539,134
48$3,307,511$1,328,421$969,686$2,689,514
49$3,567,623$1,316,259$924,916$2,853,520
50$3,851,832$1,301,068$876,213$3,032,549
51$4,162,521$1,282,622$823,368$3,228,144
52$4,502,311$1,260,683$766,164$3,442,009
53$4,874,088$1,234,998$704,372$3,676,023
54$5,281,032$1,205,300$637,755$3,932,262
55$5,726,643$1,171,305$566,065$4,213,014
56$6,214,774$1,132,713$489,042$4,520,807
57$6,749,672$1,089,206$406,416$4,858,428
58$7,336,010$1,040,449$317,902$5,228,954
59$7,978,937$986,085$223,207$5,635,781
60$8,684,125$925,740$122,020$6,082,652
61$9,457,819$859,014$14,021$6,573,701
62$10,306,899$785,488$0$7,113,485
63$11,238,943$704,718$0$7,736,198
64$12,262,299$616,233$0$8,424,429
65$13,386,163$519,537$0$9,180,359
66$14,620,663$414,107$0$10,010,849
67$15,976,960$299,387$0$10,923,457
68$17,467,346$174,793$0$11,926,515
69$19,105,364$39,707$0$13,029,204
70$20,905,935$0$0$14,241,641
71$22,885,497$0$0$15,587,873
72$25,062,160$0$0$17,073,531
73$27,455,876$0$0$18,707,440
74$30,088,629$0$0$20,504,619
75$32,984,638$0$0$22,481,615
76$36,170,590$0$0$24,656,658
77$39,675,887$0$0$27,049,836
78$43,532,925$0$0$29,683,282
79$47,777,398$0$0$32,581,381
80$52,448,638$0$0$35,771,004
81$57,589,979$0$0$39,281,758
82$63,249,172$0$0$43,146,266
83$69,478,831$0$0$47,400,472
84$76,336,929$0$0$52,083,987
85$83,887,348$0$0$57,240,453
86$92,200,477$0$0$62,917,961
87$101,353,879$0$0$69,169,503
88$111,433,020$0$0$76,053,470
89$122,532,077$0$0$83,634,206
90$134,754,823$0$0$91,982,610
91$148,215,610$0$0$101,176,809
92$163,040,446$0$0$111,302,894
93$179,368,180$0$0$122,455,729
94$197,351,817$0$0$134,739,853
95$217,159,960$0$0$148,270,456
96$238,978,399$0$0$163,174,476
97$263,011,864$0$0$179,591,789
98$289,485,959$0$0$197,676,534
99$318,649,289$0$0$217,598,565
100$350,775,806$0$0$239,545,051