Can I retire at age 35 with 1,320,000?

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 $1,320,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$109,004$108,033$107,086$106,161$105,259$102,798
2 years$53,963$52,958$51,984$51,039$50,123$47,658
3 years$35,618$34,608$33,637$32,701$31,800$29,407
4 years$26,447$25,441$24,479$23,559$22,680$20,378
5 years$20,946$19,946$18,997$18,096$17,241$15,037
6 years$17,280$16,287$15,352$14,471$13,642$11,538
7 years$14,662$13,678$12,758$11,898$11,095$9,090
8 years$12,700$11,725$10,820$9,981$9,204$7,299
9 years$11,175$10,208$9,319$8,501$7,751$5,944
10 years$9,955$8,998$8,124$7,328$6,604$4,893
11 years$8,958$8,011$7,153$6,378$5,680$4,062
12 years$8,127$7,190$6,348$5,594$4,922$3,395
13 years$7,425$6,498$5,671$4,939$4,292$2,853
14 years$6,824$5,906$5,096$4,384$3,763$2,408
15 years$6,303$5,395$4,601$3,910$3,313$2,040
16 years$5,848$4,950$4,171$3,501$2,928$1,733
17 years$5,447$4,559$3,796$3,146$2,596$1,476
18 years$5,091$4,213$3,465$2,835$2,308$1,260
19 years$4,772$3,904$3,172$2,561$2,057$1,078
20 years$4,486$3,628$2,911$2,320$1,838$923
21 years$4,228$3,379$2,678$2,105$1,645$792
22 years$3,993$3,154$2,468$1,914$1,474$680
23 years$3,779$2,950$2,279$1,743$1,323$584
24 years$3,583$2,764$2,107$1,590$1,189$503
25 years$3,403$2,594$1,952$1,452$1,070$433
26 years$3,237$2,438$1,810$1,328$964$372
27 years$3,084$2,294$1,681$1,215$869$321
28 years$2,942$2,162$1,563$1,114$784$277
29 years$2,810$2,040$1,454$1,021$708$239
30 years$2,687$1,926$1,355$937$640$206
31 years$2,572$1,821$1,263$861$579$178
32 years$2,465$1,723$1,178$791$523$153
33 years$2,364$1,632$1,100$727$474$132
34 years$2,269$1,546$1,028$669$429$114
35 years$2,180$1,467$961$616$388$99
36 years$2,096$1,392$899$567$352$85
37 years$2,017$1,322$841$523$319$74
38 years$1,943$1,257$788$482$289$64
39 years$1,872$1,195$738$444$262$55
40 years$1,805$1,137$692$410$238$47
41 years$1,741$1,082$649$378$216$41
42 years$1,681$1,031$609$349$196$35
43 years$1,623$982$571$322$178$31
44 years$1,568$936$536$297$161$26
45 years$1,516$893$503$275$146$23
46 years$1,466$852$473$254$133$20
47 years$1,419$813$444$234$121$17
48 years$1,374$776$417$217$110$15
49 years$1,330$741$392$200$100$13
50 years$1,289$708$369$185$90$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $1,320,000, adding $2,661 every year, while hoping to spend $56,142 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: 59/26/15 Blend
34$1,320,000$1,320,000$1,320,000$1,320,000
35$1,457,385$1,387,425$1,366,965$1,537,668
36$1,546,303$1,395,674$1,353,023$1,600,440
37$1,642,410$1,402,446$1,336,733$1,662,395
38$1,746,379$1,407,608$1,317,957$1,728,642
39$1,858,950$1,411,022$1,296,549$1,799,602
40$1,980,939$1,412,538$1,272,359$1,875,741
41$2,113,240$1,411,997$1,245,229$1,957,573
42$2,256,838$1,409,233$1,214,992$2,045,668
43$2,412,818$1,404,068$1,181,476$2,140,654
44$2,582,369$1,396,311$1,144,499$2,243,228
45$2,766,803$1,385,762$1,103,872$2,354,156
46$2,967,562$1,372,209$1,059,397$2,474,288
47$3,186,232$1,355,427$1,010,866$2,604,562
48$3,424,560$1,335,175$958,062$2,746,015
49$3,684,467$1,311,201$900,759$2,899,792
50$3,968,069$1,283,236$838,721$3,067,159
51$4,277,694$1,250,996$771,700$3,249,514
52$4,615,904$1,214,180$699,437$3,448,402
53$4,985,521$1,172,470$621,663$3,665,527
54$5,389,650$1,125,527$538,095$3,902,774
55$5,831,713$1,072,997$448,440$4,162,225
56$6,315,474$1,014,500$352,389$4,446,176
57$6,845,080$949,638$249,621$4,757,166
58$7,425,097$877,989$139,802$5,097,997
59$8,060,552$799,106$22,581$5,471,761
60$8,756,985$712,518$0$5,881,874
61$9,520,492$617,726$0$6,348,514
62$10,357,791$514,204$0$6,864,360
63$11,276,281$401,394$0$7,430,451
64$12,284,109$278,710$0$8,051,925
65$13,390,252$145,531$0$8,734,448
66$14,604,595$1,200$0$9,484,268
67$15,938,031$0$0$10,308,279
68$17,402,556$0$0$11,258,419
69$19,011,386$0$0$12,302,672
70$20,779,081$0$0$13,450,160
71$22,721,679$0$0$14,711,309
72$24,856,851$0$0$16,097,606
73$27,204,063$0$0$17,621,706
74$29,784,763$0$0$19,297,552
75$32,622,581$0$0$21,140,505
76$35,743,548$0$0$23,167,489
77$39,176,348$0$0$25,397,152
78$42,952,583$0$0$27,850,036
79$47,107,071$0$0$30,548,780
80$51,678,177$0$0$33,518,324
81$56,708,171$0$0$36,786,149
82$62,243,627$0$0$40,382,534
83$68,335,863$0$0$44,340,843
84$75,041,424$0$0$48,697,837
85$82,422,614$0$0$53,494,022
86$90,548,085$0$0$58,774,032
87$99,493,482$0$0$64,587,047
88$109,342,159$0$0$70,987,258
89$120,185,961$0$0$78,034,380
90$132,126,095$0$0$85,794,210
91$145,274,080$0$0$94,339,253
92$159,752,799$0$0$103,749,403
93$175,697,661$0$0$114,112,695
94$193,257,877$0$0$125,526,140
95$212,597,865$0$0$138,096,636
96$233,898,803$0$0$151,941,978
97$257,360,341$0$0$167,191,968
98$283,202,476$0$0$183,989,643
99$311,667,638$0$0$202,492,619
100$343,022,970$0$0$222,874,584