Can I retire at age 35 with 940,000?

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 $940,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$77,624$76,933$76,258$75,600$74,957$73,026
2 years$38,428$37,712$37,019$36,346$35,694$33,762
3 years$25,364$24,645$23,953$23,287$22,646$20,772
4 years$18,834$18,117$17,432$16,777$16,151$14,351
5 years$14,916$14,204$13,528$12,886$12,278$10,556
6 years$12,305$11,599$10,933$10,305$9,715$8,073
7 years$10,441$9,740$9,085$8,473$7,901$6,339
8 years$9,044$8,349$7,705$7,108$6,555$5,072
9 years$7,958$7,270$6,636$6,054$5,520$4,115
10 years$7,089$6,408$5,786$5,219$4,703$3,375
11 years$6,379$5,704$5,094$4,542$4,045$2,791
12 years$5,788$5,120$4,520$3,984$3,505$2,324
13 years$5,288$4,627$4,039$3,517$3,057$1,945
14 years$4,859$4,206$3,629$3,122$2,679$1,635
15 years$4,489$3,842$3,276$2,784$2,359$1,379
16 years$4,165$3,525$2,970$2,493$2,085$1,167
17 years$3,879$3,246$2,703$2,240$1,849$990
18 years$3,625$3,000$2,467$2,019$1,644$841
19 years$3,399$2,780$2,259$1,824$1,465$716
20 years$3,195$2,584$2,073$1,652$1,309$611
21 years$3,011$2,406$1,907$1,499$1,171$521
22 years$2,843$2,246$1,757$1,363$1,050$446
23 years$2,691$2,101$1,623$1,242$942$381
24 years$2,552$1,968$1,501$1,132$847$326
25 years$2,423$1,847$1,390$1,034$762$279
26 years$2,305$1,736$1,289$946$687$239
27 years$2,196$1,634$1,197$865$619$205
28 years$2,095$1,540$1,113$793$559$176
29 years$2,001$1,452$1,036$727$504$151
30 years$1,913$1,372$965$667$456$130
31 years$1,832$1,297$899$613$412$111
32 years$1,755$1,227$839$563$373$96
33 years$1,683$1,162$783$518$337$82
34 years$1,616$1,101$732$477$305$71
35 years$1,553$1,045$684$439$277$61
36 years$1,493$991$640$404$251$52
37 years$1,437$942$599$372$227$45
38 years$1,383$895$561$343$206$38
39 years$1,333$851$526$316$187$33
40 years$1,285$810$493$292$169$28
41 years$1,240$771$462$269$154$24
42 years$1,197$734$433$248$139$21
43 years$1,156$699$407$229$127$18
44 years$1,117$667$382$212$115$16
45 years$1,080$636$358$196$104$13
46 years$1,044$606$337$181$95$11
47 years$1,011$579$316$167$86$10
48 years$978$552$297$154$78$8
49 years$947$528$279$143$71$7
50 years$918$504$263$132$64$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $940,000, adding $5,553 every year, while hoping to spend $38,411 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: 70/25/5 Blend
34$940,000$940,000$940,000$940,000
35$1,041,608$991,788$977,218$1,113,602
36$1,106,983$999,517$969,086$1,169,614
37$1,177,739$1,006,336$959,394$1,225,593
38$1,254,384$1,012,163$948,049$1,285,772
39$1,337,477$1,016,905$934,955$1,350,554
40$1,427,633$1,020,466$920,009$1,420,382
41$1,525,527$1,022,744$903,105$1,495,746
42$1,631,903$1,023,631$884,131$1,577,185
43$1,747,579$1,023,011$862,971$1,665,293
44$1,873,454$1,020,760$839,503$1,760,727
45$2,010,518$1,016,750$813,598$1,864,209
46$2,159,861$1,010,841$785,124$1,976,536
47$2,322,682$1,002,887$753,941$2,098,589
48$2,500,300$992,732$719,902$2,231,336
49$2,694,167$980,213$682,855$2,375,846
50$2,905,881$965,153$642,640$2,533,300
51$3,137,203$947,367$599,090$2,704,996
52$3,390,070$926,661$552,032$2,892,371
53$3,666,615$902,825$501,283$3,097,005
54$3,969,187$875,640$446,653$3,320,642
55$4,300,370$844,873$387,942$3,565,207
56$4,663,014$810,278$324,945$3,832,820
57$5,060,254$771,594$257,443$4,125,822
58$5,495,543$728,545$185,210$4,446,793
59$5,972,685$680,840$108,011$4,798,577
60$6,495,867$628,170$25,598$5,184,313
61$7,069,705$570,209$0$5,607,461
62$7,699,278$506,613$0$6,075,162
63$8,390,184$437,017$0$6,589,973
64$9,148,589$361,037$0$7,155,181
65$9,981,283$278,265$0$7,775,918
66$10,895,748$188,274$0$8,457,842
67$11,900,223$90,609$0$9,207,191
68$13,003,788$0$0$10,030,844
69$14,216,443$0$0$10,940,566
70$15,549,207$0$0$11,967,841
71$17,014,217$0$0$13,097,105
72$18,624,847$0$0$14,338,673
73$20,395,829$0$0$15,703,909
74$22,343,395$0$0$17,205,335
75$24,485,430$0$0$18,856,744
76$26,841,637$0$0$20,673,336
77$29,433,726$0$0$22,671,856
78$32,285,616$0$0$24,870,754
79$35,423,663$0$0$27,290,361
80$38,876,907$0$0$29,953,076
81$42,677,341$0$0$32,883,580
82$46,860,223$0$0$36,109,066
83$51,464,396$0$0$39,659,500
84$56,532,665$0$0$43,567,899
85$62,112,193$0$0$47,870,642
86$68,254,948$0$0$52,607,818
87$75,018,195$0$0$57,823,599
88$82,465,031$0$0$63,566,658
89$90,664,988$0$0$69,890,628
90$99,694,678$0$0$76,854,608
91$109,638,525$0$0$84,523,721
92$120,589,556$0$0$92,969,726
93$132,650,282$0$0$102,271,699
94$145,933,661$0$0$112,516,773
95$160,564,165$0$0$123,800,966
96$176,678,956$0$0$136,230,082
97$194,429,180$0$0$149,920,712
98$213,981,389$0$0$165,001,334
99$235,519,117$0$0$181,613,525
100$259,244,609$0$0$199,913,293