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%14.7%
1 years$77,624$76,933$76,258$75,600$74,957$73,504
2 years$38,428$37,712$37,019$36,346$35,694$34,236
3 years$25,364$24,645$23,953$23,287$22,646$21,228
4 years$18,834$18,117$17,432$16,777$16,151$14,785
5 years$14,916$14,204$13,528$12,886$12,278$10,967
6 years$12,305$11,599$10,933$10,305$9,715$8,461
7 years$10,441$9,740$9,085$8,473$7,901$6,704
8 years$9,044$8,349$7,705$7,108$6,555$5,414
9 years$7,958$7,270$6,636$6,054$5,520$4,435
10 years$7,089$6,408$5,786$5,219$4,703$3,674
11 years$6,379$5,704$5,094$4,542$4,045$3,069
12 years$5,788$5,120$4,520$3,984$3,505$2,582
13 years$5,288$4,627$4,039$3,517$3,057$2,184
14 years$4,859$4,206$3,629$3,122$2,679$1,856
15 years$4,489$3,842$3,276$2,784$2,359$1,583
16 years$4,165$3,525$2,970$2,493$2,085$1,355
17 years$3,879$3,246$2,703$2,240$1,849$1,163
18 years$3,625$3,000$2,467$2,019$1,644$1,000
19 years$3,399$2,780$2,259$1,824$1,465$861
20 years$3,195$2,584$2,073$1,652$1,309$743
21 years$3,011$2,406$1,907$1,499$1,171$643
22 years$2,843$2,246$1,757$1,363$1,050$556
23 years$2,691$2,101$1,623$1,242$942$482
24 years$2,552$1,968$1,501$1,132$847$417
25 years$2,423$1,847$1,390$1,034$762$362
26 years$2,305$1,736$1,289$946$687$314
27 years$2,196$1,634$1,197$865$619$273
28 years$2,095$1,540$1,113$793$559$237
29 years$2,001$1,452$1,036$727$504$206
30 years$1,913$1,372$965$667$456$179
31 years$1,832$1,297$899$613$412$156
32 years$1,755$1,227$839$563$373$136
33 years$1,683$1,162$783$518$337$118
34 years$1,616$1,101$732$477$305$103
35 years$1,553$1,045$684$439$277$90
36 years$1,493$991$640$404$251$78
37 years$1,437$942$599$372$227$68
38 years$1,383$895$561$343$206$59
39 years$1,333$851$526$316$187$52
40 years$1,285$810$493$292$169$45
41 years$1,240$771$462$269$154$39
42 years$1,197$734$433$248$139$34
43 years$1,156$699$407$229$127$30
44 years$1,117$667$382$212$115$26
45 years$1,080$636$358$196$104$23
46 years$1,044$606$337$181$95$20
47 years$1,011$579$316$167$86$17
48 years$978$552$297$154$78$15
49 years$947$528$279$143$71$13
50 years$918$504$263$132$64$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $940,000, adding $2,572 every year, while hoping to spend $50,448 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: 38/42/20 Blend
34$940,000$940,000$940,000$940,000
35$1,038,533$988,713$974,143$1,071,683
36$1,090,787$983,484$953,101$1,090,632
37$1,146,680$976,307$929,662$1,106,143
38$1,206,531$967,035$903,695$1,121,868
39$1,270,687$955,510$875,058$1,137,856
40$1,339,531$941,564$843,607$1,154,163
41$1,413,483$925,021$809,188$1,170,854
42$1,493,004$905,692$771,641$1,188,008
43$1,578,599$883,380$730,800$1,205,715
44$1,670,825$857,874$686,491$1,224,077
45$1,770,290$828,951$638,529$1,243,216
46$1,877,666$796,376$586,726$1,263,269
47$1,993,688$759,899$530,882$1,284,392
48$2,119,167$719,256$470,789$1,306,767
49$2,254,991$674,169$406,229$1,330,598
50$2,402,139$624,342$336,977$1,356,117
51$2,561,685$569,463$262,794$1,383,590
52$2,734,813$509,203$183,434$1,413,313
53$2,922,823$443,213$98,638$1,445,627
54$3,127,146$371,125$8,137$1,480,911
55$3,349,354$292,550$0$1,519,595
56$3,591,180$207,076$0$1,581,037
57$3,854,528$114,271$0$1,649,986
58$4,141,495$13,675$0$1,725,380
59$4,454,387$0$0$1,807,970
60$4,795,743$0$0$1,942,590
61$5,168,358$0$0$2,096,558
62$5,575,309$0$0$2,264,839
63$6,019,982$0$0$2,448,849
64$6,506,106$0$0$2,650,148
65$7,037,784$0$0$2,870,451
66$7,619,538$0$0$3,111,651
67$8,256,343$0$0$3,375,828
68$8,953,681$0$0$3,665,274
69$9,717,585$0$0$3,982,515
70$10,554,702$0$0$4,330,332
71$11,472,352$0$0$4,711,786
72$12,478,595$0$0$5,130,250
73$13,582,312$0$0$5,589,441
74$14,793,281$0$0$6,093,451
75$16,122,274$0$0$6,646,786
76$17,581,158$0$0$7,254,414
77$19,183,001$0$0$7,921,804
78$20,942,202$0$0$8,654,982
79$22,874,621$0$0$9,460,587
80$24,997,732$0$0$10,345,931
81$27,330,781$0$0$11,319,072
82$29,894,974$0$0$12,388,886
83$32,713,674$0$0$13,565,151
84$35,812,617$0$0$14,858,643
85$39,220,161$0$0$16,281,231
86$42,967,545$0$0$17,845,994
87$47,089,191$0$0$19,567,341
88$51,623,022$0$0$21,461,148
89$56,610,822$0$0$23,544,909
90$62,098,628$0$0$25,837,897
91$68,137,166$0$0$28,361,350
92$74,782,325$0$0$31,138,666
93$82,095,689$0$0$34,195,629
94$90,145,111$0$0$37,560,649
95$99,005,358$0$0$41,265,027
96$108,758,811$0$0$45,343,258
97$119,496,246$0$0$49,833,348
98$131,317,687$0$0$54,777,177
99$144,333,349$0$0$60,220,893
100$158,664,677$0$0$66,215,346