Can I retire at age 35 with 1,240,000?

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 $1,240,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$102,398$101,486$100,596$99,727$98,879$98,380
2 years$50,692$49,748$48,833$47,946$47,085$46,581
3 years$33,459$32,511$31,598$30,719$29,873$29,380
4 years$24,844$23,899$22,995$22,132$21,306$20,827
5 years$19,677$18,737$17,845$16,999$16,196$15,734
6 years$16,233$15,300$14,422$13,594$12,815$12,370
7 years$13,774$12,849$11,985$11,177$10,422$9,994
8 years$11,930$11,014$10,164$9,376$8,646$8,235
9 years$10,497$9,590$8,754$7,986$7,282$6,887
10 years$9,352$8,453$7,632$6,884$6,204$5,827
11 years$8,415$7,525$6,719$5,991$5,336$4,975
12 years$7,635$6,754$5,963$5,255$4,624$4,279
13 years$6,975$6,104$5,328$4,640$4,032$3,703
14 years$6,410$5,548$4,787$4,118$3,535$3,221
15 years$5,921$5,068$4,322$3,673$3,112$2,814
16 years$5,494$4,650$3,918$3,289$2,750$2,467
17 years$5,117$4,283$3,566$2,955$2,439$2,170
18 years$4,782$3,957$3,255$2,663$2,168$1,913
19 years$4,483$3,668$2,980$2,406$1,933$1,691
20 years$4,214$3,408$2,735$2,179$1,726$1,498
21 years$3,971$3,174$2,515$1,978$1,545$1,329
22 years$3,751$2,963$2,318$1,798$1,385$1,180
23 years$3,550$2,771$2,141$1,638$1,243$1,050
24 years$3,366$2,597$1,980$1,494$1,117$935
25 years$3,197$2,437$1,834$1,364$1,005$834
26 years$3,041$2,290$1,701$1,247$906$744
27 years$2,897$2,155$1,579$1,142$817$665
28 years$2,764$2,031$1,468$1,046$737$594
29 years$2,640$1,916$1,366$959$665$532
30 years$2,524$1,810$1,272$880$601$476
31 years$2,416$1,711$1,186$809$543$426
32 years$2,315$1,619$1,107$743$492$382
33 years$2,221$1,533$1,033$683$445$342
34 years$2,132$1,453$966$629$403$307
35 years$2,048$1,378$903$579$365$275
36 years$1,969$1,308$844$533$331$247
37 years$1,895$1,242$790$491$300$221
38 years$1,825$1,180$740$453$272$199
39 years$1,758$1,123$693$417$246$178
40 years$1,695$1,068$650$385$223$160
41 years$1,635$1,017$609$355$203$144
42 years$1,579$968$572$328$184$129
43 years$1,525$922$536$303$167$116
44 years$1,473$879$504$279$152$104
45 years$1,424$839$473$258$138$94
46 years$1,378$800$444$238$125$84
47 years$1,333$763$417$220$113$76
48 years$1,290$729$392$203$103$68
49 years$1,250$696$369$188$94$61
50 years$1,211$665$346$174$85$55

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $1,240,000, adding $6,842 every year, while hoping to spend $29,774 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: 56/24/20 Blend
34$1,240,000$1,240,000$1,240,000$1,240,000
35$1,373,538$1,307,818$1,288,598$1,442,713
36$1,481,959$1,340,221$1,300,086$1,523,083
37$1,600,442$1,373,215$1,310,962$1,606,831
38$1,729,980$1,406,796$1,321,173$1,697,414
39$1,871,670$1,440,961$1,330,664$1,795,497
40$2,026,717$1,475,704$1,339,377$1,901,811
41$2,196,449$1,511,021$1,347,253$2,017,160
42$2,382,328$1,546,902$1,354,228$2,142,433
43$2,585,965$1,583,340$1,360,234$2,278,607
44$2,809,133$1,620,323$1,365,201$2,426,760
45$3,053,785$1,657,840$1,369,056$2,588,079
46$3,322,073$1,695,875$1,371,721$2,763,871
47$3,616,365$1,734,414$1,373,115$2,955,578
48$3,939,272$1,773,438$1,373,151$3,164,788
49$4,293,667$1,812,925$1,371,741$3,393,252
50$4,682,717$1,852,855$1,368,791$3,642,898
51$5,109,909$1,893,200$1,364,201$3,915,852
52$5,579,086$1,933,933$1,357,868$4,214,457
53$6,094,481$1,975,023$1,349,684$4,541,294
54$6,660,754$2,016,436$1,339,535$4,899,209
55$7,283,044$2,058,134$1,327,302$5,291,338
56$7,967,009$2,100,077$1,312,861$5,721,136
57$8,718,882$2,142,219$1,296,080$6,192,414
58$9,545,532$2,184,512$1,276,823$6,709,368
59$10,454,526$2,226,903$1,254,947$7,276,626
60$11,454,202$2,269,335$1,230,301$7,899,288
61$12,553,743$2,311,746$1,202,729$8,582,974
62$13,763,271$2,354,067$1,172,067$9,333,879
63$15,093,936$2,396,228$1,138,142$10,158,830
64$16,558,023$2,438,149$1,100,775$11,065,352
65$18,169,069$2,479,746$1,059,779$12,061,739
66$19,941,989$2,520,928$1,014,956$13,157,132
67$21,893,216$2,561,598$966,102$14,361,605
68$24,040,859$2,601,650$913,001$15,686,263
69$26,404,869$2,640,974$855,428$17,143,344
70$29,007,231$2,679,447$793,150$18,746,337
71$31,872,169$2,716,940$725,922$20,510,107
72$35,026,377$2,753,317$653,486$22,451,041
73$38,499,266$2,788,428$575,577$24,587,196
74$42,323,245$2,822,115$491,913$26,938,476
75$46,534,028$2,854,211$402,204$29,526,817
76$51,170,966$2,884,534$306,145$32,376,396
77$56,277,422$2,912,893$203,418$35,513,858
78$61,901,176$2,939,083$93,690$38,968,571
79$68,094,883$2,962,884$0$42,772,902
80$74,916,561$2,984,066$0$46,967,518
81$82,430,144$3,002,379$0$51,608,398
82$90,706,084$3,017,560$0$56,718,940
83$99,822,013$3,029,330$0$62,346,981
84$109,863,481$3,037,389$0$68,545,238
85$120,924,756$3,041,421$0$75,371,807
86$133,109,720$3,041,090$0$82,890,711
87$146,532,846$3,036,037$0$91,172,501
88$161,320,277$3,025,884$0$100,294,928
89$177,611,020$3,010,228$0$110,343,674
90$195,558,256$2,988,640$0$121,413,160
91$215,330,783$2,960,669$0$133,607,441
92$237,114,614$2,925,832$0$147,041,188
93$261,114,728$2,883,622$0$161,840,769
94$287,557,009$2,833,498$0$178,145,444
95$316,690,372$2,774,888$0$196,108,679
96$348,789,119$2,707,186$0$215,899,597
97$384,155,523$2,629,752$0$237,704,576
98$423,122,681$2,541,905$0$261,729,005
99$466,057,664$2,442,927$0$288,199,228
100$513,364,974$2,332,059$0$317,364,679