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

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 $1,230,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$101,572$100,667$99,785$98,923$98,082$94,190
2 years$50,283$49,347$48,439$47,559$46,706$42,833
3 years$33,189$32,249$31,343$30,472$29,632$25,901
4 years$24,644$23,706$22,810$21,953$21,134$17,572
5 years$19,518$18,586$17,701$16,862$16,066$12,682
6 years$16,102$15,177$14,305$13,485$12,712$9,509
7 years$13,663$12,745$11,888$11,087$10,338$7,315
8 years$11,834$10,925$10,082$9,300$8,577$5,730
9 years$10,413$9,512$8,683$7,922$7,223$4,548
10 years$9,276$8,385$7,570$6,829$6,154$3,646
11 years$8,347$7,464$6,665$5,943$5,293$2,946
12 years$7,573$6,700$5,915$5,213$4,587$2,395
13 years$6,919$6,055$5,285$4,602$4,000$1,956
14 years$6,359$5,503$4,748$4,085$3,506$1,603
15 years$5,873$5,027$4,287$3,643$3,087$1,319
16 years$5,449$4,613$3,887$3,262$2,728$1,087
17 years$5,076$4,248$3,537$2,931$2,419$898
18 years$4,744$3,925$3,229$2,641$2,151$743
19 years$4,447$3,638$2,956$2,387$1,917$616
20 years$4,180$3,381$2,713$2,162$1,712$511
21 years$3,939$3,149$2,495$1,962$1,532$424
22 years$3,721$2,939$2,300$1,784$1,374$352
23 years$3,521$2,749$2,123$1,625$1,233$293
24 years$3,339$2,576$1,964$1,482$1,108$244
25 years$3,171$2,417$1,819$1,353$997$203
26 years$3,017$2,272$1,687$1,237$898$169
27 years$2,874$2,138$1,566$1,132$810$141
28 years$2,741$2,015$1,456$1,038$731$117
29 years$2,618$1,901$1,355$951$660$98
30 years$2,504$1,795$1,262$873$596$81
31 years$2,397$1,697$1,177$802$539$68
32 years$2,297$1,606$1,098$737$488$56
33 years$2,203$1,520$1,025$678$441$47
34 years$2,115$1,441$958$624$400$39
35 years$2,032$1,367$895$574$362$33
36 years$1,954$1,297$838$529$328$27
37 years$1,880$1,232$784$487$297$23
38 years$1,810$1,171$734$449$269$19
39 years$1,744$1,113$688$414$244$16
40 years$1,682$1,059$645$382$222$13
41 years$1,622$1,008$605$352$201$11
42 years$1,566$960$567$325$182$9
43 years$1,512$915$532$300$166$8
44 years$1,461$872$500$277$150$6
45 years$1,413$832$469$256$136$5
46 years$1,366$793$441$236$124$4
47 years$1,322$757$414$218$112$4
48 years$1,280$723$389$202$102$3
49 years$1,240$690$366$187$93$3
50 years$1,201$659$344$172$84$2

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 $5,322 every year, while hoping to spend $34,060 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: 56/34/10 Blend
34$1,230,000$1,230,000$1,230,000$1,230,000
35$1,360,950$1,295,760$1,276,695$1,433,538
36$1,463,527$1,323,012$1,283,224$1,510,454
37$1,575,426$1,350,459$1,288,831$1,589,965
38$1,697,560$1,378,073$1,293,448$1,675,754
39$1,830,938$1,405,825$1,297,006$1,768,423
40$1,976,668$1,433,684$1,299,429$1,868,639
41$2,135,970$1,461,616$1,300,642$1,977,135
42$2,310,187$1,489,584$1,300,562$2,094,718
43$2,500,800$1,517,547$1,299,104$2,222,277
44$2,709,436$1,545,462$1,296,179$2,360,794
45$2,937,891$1,573,282$1,291,694$2,511,350
46$3,188,139$1,600,956$1,285,549$2,675,134
47$3,462,356$1,628,430$1,277,641$2,853,461
48$3,762,937$1,655,643$1,267,863$3,047,774
49$4,092,521$1,682,534$1,256,101$3,259,671
50$4,454,014$1,709,035$1,242,236$3,490,906
51$4,850,618$1,735,071$1,226,145$3,743,417
52$5,285,857$1,760,566$1,207,697$4,019,338
53$5,763,616$1,785,435$1,186,756$4,321,023
54$6,288,172$1,809,588$1,163,179$4,651,064
55$6,864,237$1,832,930$1,136,818$5,012,320
56$7,497,004$1,855,358$1,107,516$5,407,942
57$8,192,190$1,876,763$1,075,109$5,841,404
58$8,956,095$1,897,026$1,039,428$6,316,534
59$9,795,661$1,916,024$1,000,292$6,837,552
60$10,718,532$1,933,623$957,516$7,409,110
61$11,733,133$1,949,682$910,904$8,036,336
62$12,848,745$1,964,048$860,251$8,724,883
63$14,075,593$1,976,562$805,345$9,480,981
64$15,424,941$1,987,052$745,962$10,311,498
65$16,909,203$1,995,335$681,870$11,224,006
66$18,542,054$2,001,219$612,824$12,226,849
67$20,338,560$2,004,496$538,571$13,329,228
68$22,315,325$2,004,947$458,845$14,541,280
69$24,490,640$2,002,342$373,368$15,874,185
70$26,884,661$1,996,432$281,851$17,340,262
71$29,519,594$1,986,955$183,992$18,953,091
72$32,419,911$1,973,634$79,474$20,727,643
73$35,612,574$1,956,174$0$22,680,416
74$39,127,292$1,934,263$0$24,833,021
75$42,996,802$1,907,568$0$27,211,355
76$47,257,176$1,875,738$0$29,829,064
77$51,948,160$1,838,402$0$32,710,544
78$57,113,554$1,795,165$0$35,882,684
79$62,801,618$1,745,610$0$39,375,118
80$69,065,533$1,689,295$0$43,220,506
81$75,963,899$1,625,752$0$47,454,846
82$83,561,290$1,554,486$0$52,117,809
83$91,928,860$1,474,975$0$57,253,121
84$101,145,018$1,386,663$0$62,908,970
85$111,296,166$1,288,965$0$69,138,469
86$122,477,513$1,181,263$0$76,000,152
87$134,793,976$1,062,901$0$83,558,532
88$148,361,166$933,188$0$91,884,707
89$163,306,483$791,392$0$101,057,038
90$179,770,315$636,741$0$111,161,885
91$197,907,365$468,419$0$122,294,428
92$217,888,109$285,565$0$134,559,563
93$239,900,407$87,268$0$148,072,898
94$264,151,271$0$0$162,961,840
95$290,868,826$0$0$179,414,487
96$320,304,456$0$0$197,577,079
97$352,735,182$0$0$217,587,918
98$388,466,271$0$0$239,635,389
99$427,834,122$0$0$263,927,088
100$471,209,439$0$0$290,691,780