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%19.4%
1 years$102,398$101,486$100,596$99,727$98,879$95,144
2 years$50,692$49,748$48,833$47,946$47,085$43,366
3 years$33,459$32,511$31,598$30,719$29,873$26,286
4 years$24,844$23,899$22,995$22,132$21,306$17,878
5 years$19,677$18,737$17,845$16,999$16,196$12,937
6 years$16,233$15,300$14,422$13,594$12,815$9,727
7 years$13,774$12,849$11,985$11,177$10,422$7,504
8 years$11,930$11,014$10,164$9,376$8,646$5,896
9 years$10,497$9,590$8,754$7,986$7,282$4,694
10 years$9,352$8,453$7,632$6,884$6,204$3,775
11 years$8,415$7,525$6,719$5,991$5,336$3,060
12 years$7,635$6,754$5,963$5,255$4,624$2,496
13 years$6,975$6,104$5,328$4,640$4,032$2,045
14 years$6,410$5,548$4,787$4,118$3,535$1,683
15 years$5,921$5,068$4,322$3,673$3,112$1,389
16 years$5,494$4,650$3,918$3,289$2,750$1,149
17 years$5,117$4,283$3,566$2,955$2,439$953
18 years$4,782$3,957$3,255$2,663$2,168$791
19 years$4,483$3,668$2,980$2,406$1,933$658
20 years$4,214$3,408$2,735$2,179$1,726$548
21 years$3,971$3,174$2,515$1,978$1,545$457
22 years$3,751$2,963$2,318$1,798$1,385$381
23 years$3,550$2,771$2,141$1,638$1,243$318
24 years$3,366$2,597$1,980$1,494$1,117$266
25 years$3,197$2,437$1,834$1,364$1,005$222
26 years$3,041$2,290$1,701$1,247$906$186
27 years$2,897$2,155$1,579$1,142$817$155
28 years$2,764$2,031$1,468$1,046$737$130
29 years$2,640$1,916$1,366$959$665$109
30 years$2,524$1,810$1,272$880$601$91
31 years$2,416$1,711$1,186$809$543$76
32 years$2,315$1,619$1,107$743$492$64
33 years$2,221$1,533$1,033$683$445$53
34 years$2,132$1,453$966$629$403$45
35 years$2,048$1,378$903$579$365$37
36 years$1,969$1,308$844$533$331$31
37 years$1,895$1,242$790$491$300$26
38 years$1,825$1,180$740$453$272$22
39 years$1,758$1,123$693$417$246$18
40 years$1,695$1,068$650$385$223$15
41 years$1,635$1,017$609$355$203$13
42 years$1,579$968$572$328$184$11
43 years$1,525$922$536$303$167$9
44 years$1,473$879$504$279$152$8
45 years$1,424$839$473$258$138$6
46 years$1,378$800$444$238$125$5
47 years$1,333$763$417$220$113$4
48 years$1,290$729$392$203$103$4
49 years$1,250$696$369$188$94$3
50 years$1,211$665$346$174$85$3

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 $2,898 every year, while hoping to spend $42,299 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: 31/41/28 Blend
34$1,240,000$1,240,000$1,240,000$1,240,000
35$1,369,469$1,303,749$1,284,529$1,400,102
36$1,464,149$1,322,627$1,282,555$1,442,927
37$1,567,069$1,341,012$1,279,097$1,485,079
38$1,679,024$1,358,836$1,274,061$1,529,623
39$1,800,891$1,376,025$1,267,348$1,576,797
40$1,933,631$1,392,500$1,258,854$1,626,867
41$2,078,307$1,408,177$1,248,471$1,680,127
42$2,236,083$1,422,968$1,236,084$1,736,905
43$2,408,246$1,436,775$1,221,574$1,797,563
44$2,596,207$1,449,497$1,204,818$1,862,504
45$2,801,524$1,461,026$1,185,682$1,932,177
46$3,025,908$1,471,246$1,164,032$2,007,075
47$3,271,247$1,480,033$1,139,723$2,087,751
48$3,539,616$1,487,256$1,112,606$2,174,813
49$3,833,302$1,492,777$1,082,524$2,268,937
50$4,154,823$1,496,447$1,049,312$2,370,871
51$4,506,950$1,498,108$1,012,799$2,481,447
52$4,892,736$1,497,593$972,805$2,601,582
53$5,315,544$1,494,724$929,143$2,732,295
54$5,779,077$1,489,312$881,616$2,874,713
55$6,287,412$1,481,158$830,020$3,030,084
56$6,845,042$1,470,049$774,140$3,199,789
57$7,456,914$1,455,759$713,751$3,385,357
58$8,128,478$1,438,050$648,620$3,588,479
59$8,865,737$1,416,668$578,503$3,811,026
60$9,675,303$1,391,345$503,144$4,055,068
61$10,564,460$1,361,798$422,275$4,322,894
62$11,541,233$1,327,724$335,620$4,617,036
63$12,614,462$1,288,805$242,886$4,940,293
64$13,793,884$1,244,704$143,770$5,295,758
65$15,090,230$1,195,064$37,955$5,686,851
66$16,515,317$1,139,506$0$6,117,353
67$18,082,169$1,077,632$0$6,613,837
68$19,805,132$1,009,017$0$7,172,079
69$21,700,013$933,216$0$7,785,934
70$23,784,226$849,756$0$8,461,146
71$26,076,959$758,136$0$9,204,056
72$28,599,354$657,830$0$10,021,658
73$31,374,703$548,279$0$10,921,667
74$34,428,672$428,893$0$11,912,598
75$37,789,538$299,051$0$13,003,841
76$41,488,461$158,094$0$14,205,759
77$45,559,772$5,329$0$15,529,778
78$50,041,301$0$0$16,988,507
79$54,974,730$0$0$18,668,027
80$60,405,990$0$0$20,519,912
81$66,385,689$0$0$22,559,043
82$72,969,593$0$0$24,804,468
83$80,219,151$0$0$27,277,175
84$88,202,074$0$0$30,000,291
85$96,992,973$0$0$32,999,302
86$106,674,063$0$0$36,302,290
87$117,335,941$0$0$39,940,200
88$129,078,436$0$0$43,947,132
89$142,011,553$0$0$48,360,661
90$156,256,513$0$0$53,222,195
91$171,946,892$0$0$58,577,360
92$189,229,884$0$0$64,476,437
93$208,267,690$0$0$70,974,831
94$229,239,047$0$0$78,133,599
95$252,340,917$0$0$86,020,020
96$277,790,341$0$0$94,708,234
97$305,826,492$0$0$104,279,943
98$336,712,928$0$0$114,825,178
99$370,740,084$0$0$126,443,150
100$408,228,006$0$0$139,243,188