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

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 $1,340,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$110,656$109,670$108,709$107,770$106,853$103,975
2 years$54,780$53,760$52,771$51,813$50,883$48,003
3 years$36,157$35,133$34,146$33,197$32,282$29,492
4 years$26,848$25,826$24,850$23,916$23,024$20,344
5 years$21,263$20,248$19,285$18,370$17,502$14,941
6 years$17,542$16,534$15,585$14,691$13,849$11,408
7 years$14,885$13,885$12,951$12,078$11,263$8,942
8 years$12,893$11,902$10,983$10,132$9,344$7,142
9 years$11,344$10,363$9,460$8,630$7,869$5,785
10 years$10,106$9,135$8,248$7,439$6,705$4,735
11 years$9,093$8,132$7,261$6,474$5,766$3,908
12 years$8,250$7,299$6,444$5,679$4,997$3,247
13 years$7,538$6,596$5,757$5,014$4,357$2,712
14 years$6,927$5,996$5,173$4,451$3,820$2,275
15 years$6,399$5,477$4,670$3,969$3,363$1,915
16 years$5,937$5,025$4,234$3,554$2,972$1,617
17 years$5,529$4,628$3,853$3,193$2,635$1,369
18 years$5,168$4,276$3,517$2,878$2,343$1,161
19 years$4,845$3,963$3,220$2,600$2,089$986
20 years$4,554$3,683$2,955$2,355$1,866$839
21 years$4,292$3,430$2,718$2,137$1,670$714
22 years$4,053$3,202$2,505$1,943$1,496$609
23 years$3,836$2,995$2,313$1,770$1,343$520
24 years$3,637$2,806$2,139$1,614$1,207$444
25 years$3,455$2,633$1,981$1,474$1,086$379
26 years$3,286$2,475$1,838$1,348$979$324
27 years$3,131$2,329$1,706$1,234$882$277
28 years$2,987$2,195$1,586$1,130$796$237
29 years$2,853$2,071$1,476$1,037$719$203
30 years$2,728$1,955$1,375$951$650$174
31 years$2,611$1,849$1,282$874$587$149
32 years$2,502$1,749$1,196$803$531$128
33 years$2,400$1,656$1,117$738$481$109
34 years$2,304$1,570$1,043$679$435$94
35 years$2,213$1,489$976$625$394$80
36 years$2,128$1,413$913$576$357$69
37 years$2,048$1,342$854$531$324$59
38 years$1,972$1,276$800$489$294$51
39 years$1,900$1,213$749$451$266$43
40 years$1,832$1,154$702$416$241$37
41 years$1,767$1,099$659$384$219$32
42 years$1,706$1,046$618$354$199$27
43 years$1,648$997$580$327$180$23
44 years$1,592$950$544$302$164$20
45 years$1,539$906$511$279$149$17
46 years$1,489$864$480$258$135$15
47 years$1,441$825$451$238$123$13
48 years$1,394$788$424$220$111$11
49 years$1,350$752$398$203$101$9
50 years$1,308$718$374$188$92$8

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 $2,326 every year, while hoping to spend $22,743 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: 72/18/10 Blend
34$1,340,000$1,340,000$1,340,000$1,340,000
35$1,479,079$1,408,059$1,387,289$1,582,601
36$1,605,747$1,452,856$1,409,565$1,696,142
37$1,744,573$1,499,085$1,431,825$1,817,387
38$1,896,772$1,546,793$1,454,044$1,949,520
39$2,063,685$1,596,028$1,476,197$2,093,611
40$2,246,786$1,646,839$1,498,255$2,250,836
41$2,447,701$1,699,277$1,520,189$2,422,492
42$2,668,219$1,753,394$1,541,968$2,610,005
43$2,910,312$1,809,245$1,563,558$2,814,947
44$3,176,151$1,866,885$1,584,924$3,039,047
45$3,468,129$1,926,373$1,606,030$3,284,211
46$3,788,880$1,987,768$1,626,834$3,552,538
47$4,141,309$2,051,131$1,647,297$3,846,337
48$4,528,614$2,116,528$1,667,372$4,168,155
49$4,954,318$2,184,023$1,687,014$4,520,795
50$5,422,303$2,253,685$1,706,174$4,907,344
51$5,936,845$2,325,583$1,724,798$5,331,204
52$6,502,658$2,399,790$1,742,833$5,796,121
53$7,124,931$2,476,382$1,760,220$6,306,224
54$7,809,384$2,555,435$1,776,898$6,866,058
55$8,562,320$2,637,030$1,792,802$7,480,631
56$9,390,680$2,721,249$1,807,865$8,155,463
57$10,302,117$2,808,177$1,822,016$8,896,630
58$11,305,058$2,897,903$1,835,178$9,710,831
59$12,408,790$2,990,517$1,847,274$10,605,443
60$13,623,548$3,086,113$1,858,219$11,588,596
61$14,960,607$3,184,790$1,867,926$12,669,244
62$16,432,391$3,286,646$1,876,303$13,857,256
63$18,052,589$3,391,786$1,883,253$15,163,503
64$19,836,286$3,500,317$1,888,676$16,599,964
65$21,800,104$3,612,349$1,892,463$18,179,837
66$23,962,358$3,727,998$1,894,504$19,917,664
67$26,343,229$3,847,380$1,894,680$21,829,467
68$28,964,955$3,970,618$1,892,869$23,932,903
69$31,852,041$4,097,839$1,888,940$26,247,424
70$35,031,488$4,229,172$1,882,759$28,794,466
71$38,533,051$4,364,753$1,874,182$31,597,647
72$42,389,516$4,504,720$1,863,062$34,682,994
73$46,637,013$4,649,217$1,849,240$38,079,182
74$51,315,353$4,798,394$1,832,555$41,817,813
75$56,468,407$4,952,403$1,812,833$45,933,706
76$62,144,517$5,111,403$1,789,896$50,465,230
77$68,396,955$5,275,559$1,763,555$55,454,663
78$75,284,424$5,445,040$1,733,612$60,948,596
79$82,871,609$5,620,022$1,699,863$66,998,364
80$91,229,796$5,800,685$1,662,090$73,660,540
81$100,437,533$5,987,217$1,620,069$80,997,461
82$110,581,382$6,179,811$1,573,562$89,077,819
83$121,756,730$6,378,668$1,522,322$97,977,311
84$134,068,688$6,583,995$1,466,092$107,779,350
85$147,633,088$6,796,004$1,404,600$118,575,853
86$162,577,573$7,014,918$1,337,564$130,468,111
87$179,042,801$7,240,966$1,264,689$143,567,740
88$197,183,776$7,474,382$1,185,665$157,997,739
89$217,171,306$7,715,412$1,100,170$173,893,648
90$239,193,621$7,964,308$1,007,866$191,404,827
91$263,458,142$8,221,332$908,402$210,695,869
92$290,193,449$8,486,753$801,410$231,948,149
93$319,651,427$8,760,850$686,504$255,361,538
94$352,109,655$9,043,914$563,283$281,156,289
95$387,874,015$9,336,241$431,329$309,575,118
96$427,281,590$9,638,142$290,204$340,885,490
97$470,703,836$9,949,935$139,450$375,382,149
98$518,550,097$10,271,951$0$413,389,897
99$571,271,462$10,604,532$0$455,268,947
100$629,365,027$10,948,031$0$501,427,470