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

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 $1,240,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$102,398$101,486$100,596$99,727$98,879$97,969
2 years$50,692$49,748$48,833$47,946$47,085$46,168
3 years$33,459$32,511$31,598$30,719$29,873$28,977
4 years$24,844$23,899$22,995$22,132$21,306$20,439
5 years$19,677$18,737$17,845$16,999$16,196$15,360
6 years$16,233$15,300$14,422$13,594$12,815$12,011
7 years$13,774$12,849$11,985$11,177$10,422$9,651
8 years$11,930$11,014$10,164$9,376$8,646$7,907
9 years$10,497$9,590$8,754$7,986$7,282$6,575
10 years$9,352$8,453$7,632$6,884$6,204$5,529
11 years$8,415$7,525$6,719$5,991$5,336$4,692
12 years$7,635$6,754$5,963$5,255$4,624$4,010
13 years$6,975$6,104$5,328$4,640$4,032$3,449
14 years$6,410$5,548$4,787$4,118$3,535$2,980
15 years$5,921$5,068$4,322$3,673$3,112$2,586
16 years$5,494$4,650$3,918$3,289$2,750$2,252
17 years$5,117$4,283$3,566$2,955$2,439$1,967
18 years$4,782$3,957$3,255$2,663$2,168$1,722
19 years$4,483$3,668$2,980$2,406$1,933$1,511
20 years$4,214$3,408$2,735$2,179$1,726$1,329
21 years$3,971$3,174$2,515$1,978$1,545$1,170
22 years$3,751$2,963$2,318$1,798$1,385$1,032
23 years$3,550$2,771$2,141$1,638$1,243$911
24 years$3,366$2,597$1,980$1,494$1,117$805
25 years$3,197$2,437$1,834$1,364$1,005$712
26 years$3,041$2,290$1,701$1,247$906$631
27 years$2,897$2,155$1,579$1,142$817$559
28 years$2,764$2,031$1,468$1,046$737$496
29 years$2,640$1,916$1,366$959$665$440
30 years$2,524$1,810$1,272$880$601$391
31 years$2,416$1,711$1,186$809$543$347
32 years$2,315$1,619$1,107$743$492$308
33 years$2,221$1,533$1,033$683$445$274
34 years$2,132$1,453$966$629$403$243
35 years$2,048$1,378$903$579$365$217
36 years$1,969$1,308$844$533$331$193
37 years$1,895$1,242$790$491$300$171
38 years$1,825$1,180$740$453$272$152
39 years$1,758$1,123$693$417$246$136
40 years$1,695$1,068$650$385$223$121
41 years$1,635$1,017$609$355$203$108
42 years$1,579$968$572$328$184$96
43 years$1,525$922$536$303$167$85
44 years$1,473$879$504$279$152$76
45 years$1,424$839$473$258$138$68
46 years$1,378$800$444$238$125$60
47 years$1,333$763$417$220$113$54
48 years$1,290$729$392$203$103$48
49 years$1,250$696$369$188$94$43
50 years$1,211$665$346$174$85$38

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 $2,988 every year, while hoping to spend $55,751 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: 74/6/20 Blend
34$1,240,000$1,240,000$1,240,000$1,240,000
35$1,369,562$1,303,842$1,284,622$1,464,183
36$1,449,939$1,308,412$1,268,338$1,531,962
37$1,536,645$1,311,337$1,249,640$1,599,148
38$1,630,269$1,312,478$1,228,389$1,671,339
39$1,731,453$1,311,686$1,204,437$1,749,022
40$1,840,908$1,308,806$1,177,632$1,832,733
41$1,959,412$1,303,668$1,147,814$1,923,064
42$2,087,821$1,296,097$1,114,816$2,020,667
43$2,227,078$1,285,905$1,078,460$2,126,264
44$2,378,217$1,272,891$1,038,566$2,240,647
45$2,542,377$1,256,845$994,940$2,364,693
46$2,720,812$1,237,543$947,383$2,499,368
47$2,914,899$1,214,746$895,684$2,645,738
48$3,126,154$1,188,205$839,626$2,804,978
49$3,356,247$1,157,652$778,978$2,978,386
50$3,607,013$1,122,805$713,502$3,167,392
51$3,880,472$1,083,367$642,948$3,373,572
52$4,178,849$1,039,020$567,056$3,598,667
53$4,504,591$989,432$485,552$3,844,597
54$4,860,393$934,248$398,151$4,113,477
55$5,249,221$873,094$304,558$4,407,642
56$5,674,342$805,576$204,460$4,729,666
57$6,139,350$731,274$97,535$5,082,389
58$6,648,205$649,748$0$5,468,941
59$7,205,267$560,531$0$5,896,313
60$7,815,336$463,128$0$6,387,218
61$8,483,698$357,020$0$6,925,098
62$9,216,177$241,655$0$7,514,664
63$10,019,183$116,452$0$8,161,111
64$10,899,778$0$0$8,870,156
65$11,865,742$0$0$9,649,369
66$12,925,640$0$0$10,512,848
67$14,088,911$0$0$11,460,598
68$15,365,948$0$0$12,501,094
69$16,768,202$0$0$13,643,674
70$18,308,285$0$0$14,898,622
71$20,000,094$0$0$16,277,268
72$21,858,935$0$0$17,792,095
73$23,901,671$0$0$19,456,852
74$26,146,879$0$0$21,286,688
75$28,615,026$0$0$23,298,293
76$31,328,661$0$0$25,510,052
77$34,312,627$0$0$27,942,224
78$37,594,293$0$0$30,617,127
79$41,203,814$0$0$33,559,352
80$45,174,417$0$0$36,795,990
81$49,542,707$0$0$40,356,894
82$54,349,018$0$0$44,274,952
83$59,637,791$0$0$48,586,405
84$65,457,992$0$0$53,331,181
85$71,863,573$0$0$58,553,277
86$78,913,983$0$0$64,301,169
87$86,674,725$0$0$70,628,274
88$95,217,976$0$0$77,593,447
89$104,623,264$0$0$85,261,542
90$114,978,224$0$0$93,704,020
91$126,379,416$0$0$102,999,624
92$138,933,241$0$0$113,235,120
93$152,756,946$0$0$124,506,116
94$167,979,723$0$0$136,917,966
95$184,743,932$0$0$150,586,760
96$203,206,444$0$0$165,640,421
97$223,540,120$0$0$182,219,910
98$245,935,439$0$0$200,480,558
99$270,602,298$0$0$220,593,530
100$297,771,993$0$0$242,747,440