Can I retire at age 35 with 1,340,000?

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 $1,340,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$110,656$109,670$108,709$107,770$106,853$105,782
2 years$54,780$53,760$52,771$51,813$50,883$49,803
3 years$36,157$35,133$34,146$33,197$32,282$31,228
4 years$26,848$25,826$24,850$23,916$23,024$22,004
5 years$21,263$20,248$19,285$18,370$17,502$16,519
6 years$17,542$16,534$15,585$14,691$13,849$12,904
7 years$14,885$13,885$12,951$12,078$11,263$10,356
8 years$12,893$11,902$10,983$10,132$9,344$8,476
9 years$11,344$10,363$9,460$8,630$7,869$7,039
10 years$10,106$9,135$8,248$7,439$6,705$5,912
11 years$9,093$8,132$7,261$6,474$5,766$5,011
12 years$8,250$7,299$6,444$5,679$4,997$4,278
13 years$7,538$6,596$5,757$5,014$4,357$3,674
14 years$6,927$5,996$5,173$4,451$3,820$3,170
15 years$6,399$5,477$4,670$3,969$3,363$2,747
16 years$5,937$5,025$4,234$3,554$2,972$2,389
17 years$5,529$4,628$3,853$3,193$2,635$2,084
18 years$5,168$4,276$3,517$2,878$2,343$1,822
19 years$4,845$3,963$3,220$2,600$2,089$1,596
20 years$4,554$3,683$2,955$2,355$1,866$1,401
21 years$4,292$3,430$2,718$2,137$1,670$1,232
22 years$4,053$3,202$2,505$1,943$1,496$1,085
23 years$3,836$2,995$2,313$1,770$1,343$957
24 years$3,637$2,806$2,139$1,614$1,207$844
25 years$3,455$2,633$1,981$1,474$1,086$746
26 years$3,286$2,475$1,838$1,348$979$659
27 years$3,131$2,329$1,706$1,234$882$584
28 years$2,987$2,195$1,586$1,130$796$517
29 years$2,853$2,071$1,476$1,037$719$458
30 years$2,728$1,955$1,375$951$650$406
31 years$2,611$1,849$1,282$874$587$360
32 years$2,502$1,749$1,196$803$531$319
33 years$2,400$1,656$1,117$738$481$283
34 years$2,304$1,570$1,043$679$435$251
35 years$2,213$1,489$976$625$394$223
36 years$2,128$1,413$913$576$357$198
37 years$2,048$1,342$854$531$324$176
38 years$1,972$1,276$800$489$294$156
39 years$1,900$1,213$749$451$266$139
40 years$1,832$1,154$702$416$241$123
41 years$1,767$1,099$659$384$219$110
42 years$1,706$1,046$618$354$199$97
43 years$1,648$997$580$327$180$87
44 years$1,592$950$544$302$164$77
45 years$1,539$906$511$279$149$68
46 years$1,489$864$480$258$135$61
47 years$1,441$825$451$238$123$54
48 years$1,394$788$424$220$111$48
49 years$1,350$752$398$203$101$43
50 years$1,308$718$374$188$92$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $1,340,000, adding $6,166 every year, while hoping to spend $33,824 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: 46/28/26 Blend
34$1,340,000$1,340,000$1,340,000$1,340,000
35$1,483,040$1,412,020$1,391,250$1,539,923
36$1,598,322$1,445,221$1,401,869$1,613,903
37$1,724,229$1,478,914$1,411,709$1,690,347
38$1,861,808$1,513,090$1,420,710$1,772,627
39$2,012,215$1,547,734$1,428,806$1,861,306
40$2,176,719$1,582,831$1,435,929$1,957,006
41$2,356,720$1,618,364$1,442,008$2,060,411
42$2,553,756$1,654,315$1,446,966$2,172,276
43$2,769,525$1,690,662$1,450,725$2,293,434
44$3,005,893$1,727,382$1,453,201$2,424,802
45$3,264,918$1,764,447$1,454,308$2,567,392
46$3,548,866$1,801,831$1,453,952$2,722,320
47$3,860,230$1,839,500$1,452,039$2,890,814
48$4,201,758$1,877,421$1,448,468$3,074,230
49$4,576,478$1,915,555$1,443,132$3,274,064
50$4,987,722$1,953,861$1,435,921$3,491,963
51$5,439,164$1,992,294$1,426,718$3,729,745
52$5,934,847$2,030,805$1,415,401$3,989,413
53$6,479,228$2,069,341$1,401,844$4,273,175
54$7,077,215$2,107,844$1,385,912$4,583,468
55$7,734,216$2,146,254$1,367,465$4,922,977
56$8,456,187$2,184,501$1,346,356$5,294,662
57$9,249,692$2,222,515$1,322,432$5,701,789
58$10,121,959$2,260,217$1,295,532$6,147,955
59$11,080,955$2,297,524$1,265,489$6,637,129
60$12,135,455$2,334,345$1,232,125$7,173,687
61$13,295,128$2,370,584$1,195,258$7,762,451
62$14,570,626$2,406,138$1,154,694$8,408,740
63$15,973,685$2,440,894$1,110,231$9,118,416
64$17,517,238$2,474,735$1,061,661$9,897,944
65$19,215,531$2,507,532$1,008,762$10,754,449
66$21,084,264$2,539,149$951,303$11,695,787
67$23,140,733$2,569,441$889,046$12,730,620
68$25,403,996$2,598,253$821,738$13,868,495
69$27,895,055$2,625,418$749,117$15,119,939
70$30,637,046$2,650,760$670,908$16,496,556
71$33,655,467$2,674,089$586,826$18,011,138
72$36,978,410$2,695,204$496,570$19,677,787
73$40,636,830$2,713,892$399,828$21,512,047
74$44,664,839$2,729,925$296,274$23,531,056
75$49,100,020$2,743,059$185,567$25,753,703
76$53,983,790$2,753,036$67,351$28,200,812
77$59,361,785$2,759,583$0$30,895,337
78$65,284,292$2,762,408$0$33,878,893
79$71,806,724$2,761,201$0$37,184,059
80$78,990,143$2,755,632$0$40,822,984
81$86,901,833$2,745,354$0$44,829,675
82$95,615,938$2,729,995$0$49,241,605
83$105,214,161$2,709,162$0$54,100,076
84$115,786,533$2,682,438$0$59,450,602
85$127,432,263$2,649,381$0$65,343,345
86$140,260,676$2,609,523$0$71,833,584
87$154,392,243$2,562,367$0$78,982,242
88$169,959,715$2,507,387$0$86,856,457
89$187,109,384$2,444,026$0$95,530,223
90$206,002,452$2,371,695$0$105,085,082
91$226,816,563$2,289,768$0$115,610,902
92$249,747,471$2,197,586$0$127,206,718
93$275,010,894$2,094,449$0$139,981,675
94$302,844,546$1,979,617$0$154,056,057
95$333,510,380$1,852,308$0$169,562,423
96$367,297,063$1,711,696$0$186,646,859
97$404,522,699$1,556,905$0$205,470,361
98$445,537,833$1,387,012$0$226,210,353
99$490,728,755$1,201,039$0$249,062,365
100$540,521,153$997,954$0$274,241,883