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%16.8%
1 years$110,656$109,670$108,709$107,770$106,853$103,891
2 years$54,780$53,760$52,771$51,813$50,883$47,920
3 years$36,157$35,133$34,146$33,197$32,282$29,412
4 years$26,848$25,826$24,850$23,916$23,024$20,269
5 years$21,263$20,248$19,285$18,370$17,502$14,870
6 years$17,542$16,534$15,585$14,691$13,849$11,341
7 years$14,885$13,885$12,951$12,078$11,263$8,880
8 years$12,893$11,902$10,983$10,132$9,344$7,084
9 years$11,344$10,363$9,460$8,630$7,869$5,731
10 years$10,106$9,135$8,248$7,439$6,705$4,685
11 years$9,093$8,132$7,261$6,474$5,766$3,862
12 years$8,250$7,299$6,444$5,679$4,997$3,205
13 years$7,538$6,596$5,757$5,014$4,357$2,673
14 years$6,927$5,996$5,173$4,451$3,820$2,239
15 years$6,399$5,477$4,670$3,969$3,363$1,882
16 years$5,937$5,025$4,234$3,554$2,972$1,587
17 years$5,529$4,628$3,853$3,193$2,635$1,341
18 years$5,168$4,276$3,517$2,878$2,343$1,136
19 years$4,845$3,963$3,220$2,600$2,089$963
20 years$4,554$3,683$2,955$2,355$1,866$818
21 years$4,292$3,430$2,718$2,137$1,670$696
22 years$4,053$3,202$2,505$1,943$1,496$592
23 years$3,836$2,995$2,313$1,770$1,343$505
24 years$3,637$2,806$2,139$1,614$1,207$430
25 years$3,455$2,633$1,981$1,474$1,086$367
26 years$3,286$2,475$1,838$1,348$979$313
27 years$3,131$2,329$1,706$1,234$882$268
28 years$2,987$2,195$1,586$1,130$796$229
29 years$2,853$2,071$1,476$1,037$719$195
30 years$2,728$1,955$1,375$951$650$167
31 years$2,611$1,849$1,282$874$587$143
32 years$2,502$1,749$1,196$803$531$122
33 years$2,400$1,656$1,117$738$481$104
34 years$2,304$1,570$1,043$679$435$89
35 years$2,213$1,489$976$625$394$76
36 years$2,128$1,413$913$576$357$65
37 years$2,048$1,342$854$531$324$56
38 years$1,972$1,276$800$489$294$48
39 years$1,900$1,213$749$451$266$41
40 years$1,832$1,154$702$416$241$35
41 years$1,767$1,099$659$384$219$30
42 years$1,706$1,046$618$354$199$26
43 years$1,648$997$580$327$180$22
44 years$1,592$950$544$302$164$19
45 years$1,539$906$511$279$149$16
46 years$1,489$864$480$258$135$14
47 years$1,441$825$451$238$123$12
48 years$1,394$788$424$220$111$10
49 years$1,350$752$398$203$101$9
50 years$1,308$718$374$188$92$7

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 $5,736 every year, while hoping to spend $54,408 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: 60/13/27 Blend
34$1,340,000$1,340,000$1,340,000$1,340,000
35$1,482,597$1,411,577$1,390,807$1,560,434
36$1,575,932$1,422,854$1,379,509$1,625,421
37$1,676,964$1,432,861$1,366,009$1,689,961
38$1,786,420$1,441,477$1,350,176$1,759,234
39$1,905,100$1,448,575$1,331,873$1,833,715
40$2,033,885$1,454,019$1,310,955$1,913,926
41$2,173,741$1,457,666$1,287,272$2,000,445
42$2,325,733$1,459,362$1,260,666$2,093,913
43$2,491,032$1,458,945$1,230,972$2,195,034
44$2,670,925$1,456,242$1,198,018$2,304,589
45$2,866,831$1,451,069$1,161,623$2,423,439
46$3,080,308$1,443,232$1,121,598$2,552,538
47$3,313,074$1,432,524$1,077,746$2,692,936
48$3,567,017$1,418,727$1,029,859$2,845,795
49$3,844,216$1,401,608$977,723$3,012,399
50$4,146,960$1,380,921$921,111$3,194,164
51$4,477,769$1,356,406$859,788$3,392,656
52$4,839,417$1,327,785$793,506$3,609,602
53$5,234,958$1,294,767$722,009$3,846,909
54$5,667,755$1,257,042$645,028$4,106,685
55$6,141,511$1,214,281$562,280$4,391,255
56$6,660,302$1,166,138$473,474$4,703,185
57$7,228,619$1,112,245$378,301$5,045,309
58$7,851,406$1,052,214$276,443$5,420,755
59$8,534,111$985,633$167,565$5,832,974
60$9,282,729$912,069$51,318$6,285,776
61$10,103,869$831,061$0$6,783,364
62$11,004,805$742,124$0$7,351,334
63$11,993,552$644,746$0$7,990,987
64$13,078,939$538,382$0$8,693,287
65$14,270,689$422,462$0$9,464,585
66$15,579,516$296,379$0$10,311,879
67$17,017,219$159,494$0$11,242,886
68$18,596,798$11,132$0$12,266,106
69$20,332,575$0$0$13,390,912
70$22,240,327$0$0$14,649,005
71$24,337,435$0$0$16,033,840
72$26,643,049$0$0$17,556,482
73$29,178,266$0$0$19,230,881
74$31,966,330$0$0$21,072,403
75$35,032,851$0$0$23,097,979
76$38,406,045$0$0$25,326,264
77$42,117,000$0$0$27,777,811
78$46,199,968$0$0$30,475,266
79$50,692,691$0$0$33,443,582
80$55,636,752$0$0$36,710,251
81$61,077,970$0$0$40,305,566
82$67,066,829$0$0$44,262,905
83$73,658,958$0$0$48,619,047
84$80,915,650$0$0$53,414,518
85$88,904,443$0$0$58,693,971
86$97,699,759$0$0$64,506,610
87$107,383,600$0$0$70,906,652
88$118,046,324$0$0$77,953,841
89$129,787,498$0$0$85,714,006
90$142,716,837$0$0$94,259,688
91$156,955,234$0$0$103,670,819
92$172,635,909$0$0$114,035,479
93$189,905,656$0$0$125,450,727
94$208,926,235$0$0$138,023,515
95$229,875,895$0$0$151,871,697
96$252,951,055$0$0$167,125,142
97$278,368,157$0$0$183,926,958
98$306,365,710$0$0$202,434,843
99$337,206,540$0$0$222,822,574
100$371,180,267$0$0$245,281,643