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%13.6%
1 years$77,624$76,933$76,258$75,600$74,957$73,837
2 years$38,428$37,712$37,019$36,346$35,694$34,568
3 years$25,364$24,645$23,953$23,287$22,646$21,549
4 years$18,834$18,117$17,432$16,777$16,151$15,092
5 years$14,916$14,204$13,528$12,886$12,278$11,259
6 years$12,305$11,599$10,933$10,305$9,715$8,738
7 years$10,441$9,740$9,085$8,473$7,901$6,966
8 years$9,044$8,349$7,705$7,108$6,555$5,662
9 years$7,958$7,270$6,636$6,054$5,520$4,669
10 years$7,089$6,408$5,786$5,219$4,703$3,893
11 years$6,379$5,704$5,094$4,542$4,045$3,275
12 years$5,788$5,120$4,520$3,984$3,505$2,775
13 years$5,288$4,627$4,039$3,517$3,057$2,364
14 years$4,859$4,206$3,629$3,122$2,679$2,024
15 years$4,489$3,842$3,276$2,784$2,359$1,740
16 years$4,165$3,525$2,970$2,493$2,085$1,501
17 years$3,879$3,246$2,703$2,240$1,849$1,298
18 years$3,625$3,000$2,467$2,019$1,644$1,125
19 years$3,399$2,780$2,259$1,824$1,465$977
20 years$3,195$2,584$2,073$1,652$1,309$850
21 years$3,011$2,406$1,907$1,499$1,171$741
22 years$2,843$2,246$1,757$1,363$1,050$647
23 years$2,691$2,101$1,623$1,242$942$565
24 years$2,552$1,968$1,501$1,132$847$494
25 years$2,423$1,847$1,390$1,034$762$432
26 years$2,305$1,736$1,289$946$687$378
27 years$2,196$1,634$1,197$865$619$332
28 years$2,095$1,540$1,113$793$559$291
29 years$2,001$1,452$1,036$727$504$255
30 years$1,913$1,372$965$667$456$224
31 years$1,832$1,297$899$613$412$197
32 years$1,755$1,227$839$563$373$173
33 years$1,683$1,162$783$518$337$152
34 years$1,616$1,101$732$477$305$133
35 years$1,553$1,045$684$439$277$117
36 years$1,493$991$640$404$251$103
37 years$1,437$942$599$372$227$91
38 years$1,383$895$561$343$206$80
39 years$1,333$851$526$316$187$70
40 years$1,285$810$493$292$169$62
41 years$1,240$771$462$269$154$54
42 years$1,197$734$433$248$139$48
43 years$1,156$699$407$229$127$42
44 years$1,117$667$382$212$115$37
45 years$1,080$636$358$196$104$32
46 years$1,044$606$337$181$95$29
47 years$1,011$579$316$167$86$25
48 years$978$552$297$154$78$22
49 years$947$528$279$143$71$19
50 years$918$504$263$132$64$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $940,000, adding $4,295 every year, while hoping to spend $40,803 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: 51/19/30 Blend
34$940,000$940,000$940,000$940,000
35$1,040,310$990,490$975,920$1,084,358
36$1,103,008$995,610$965,200$1,120,707
37$1,170,733$999,614$952,752$1,155,806
38$1,243,956$1,002,402$938,477$1,193,189
39$1,323,192$1,003,873$922,269$1,233,093
40$1,409,009$1,003,914$904,017$1,275,780
41$1,502,032$1,002,410$883,605$1,321,543
42$1,602,946$999,235$860,912$1,370,703
43$1,712,506$994,257$835,812$1,423,622
44$1,831,541$987,335$808,172$1,480,694
45$1,960,966$978,323$777,854$1,542,362
46$2,101,785$967,060$744,712$1,609,113
47$2,255,102$953,381$708,595$1,681,489
48$2,422,134$937,108$669,344$1,760,089
49$2,604,219$918,054$626,794$1,845,576
50$2,802,830$896,019$580,773$1,938,684
51$3,019,588$870,794$531,098$2,040,228
52$3,256,278$842,155$477,582$2,151,108
53$3,514,864$809,866$420,027$2,272,318
54$3,797,509$773,679$358,227$2,404,962
55$4,106,594$733,328$291,966$2,550,258
56$4,444,740$688,534$221,021$2,709,554
57$4,814,835$639,003$145,156$2,884,342
58$5,220,056$584,422$64,126$3,076,270
59$5,663,903$524,461$0$3,287,160
60$6,150,233$458,771$0$3,526,180
61$6,683,289$386,984$0$3,810,773
62$7,267,748$308,709$0$4,122,941
63$7,908,759$223,536$0$4,465,495
64$8,611,993$131,030$0$4,841,535
65$9,383,698$30,733$0$5,254,481
66$10,230,755$0$0$5,708,102
67$11,160,745$0$0$6,222,831
68$12,182,017$0$0$6,795,239
69$13,303,769$0$0$7,424,071
70$14,536,135$0$0$8,115,018
71$15,890,276$0$0$8,874,353
72$17,378,491$0$0$9,708,986
73$19,014,326$0$0$10,626,529
74$20,812,709$0$0$11,635,369
75$22,790,082$0$0$12,744,746
76$24,964,564$0$0$13,964,841
77$27,356,115$0$0$15,306,869
78$29,986,726$0$0$16,783,189
79$32,880,629$0$0$18,407,417
80$36,064,520$0$0$20,194,555
81$39,567,816$0$0$22,161,132
82$43,422,926$0$0$24,325,363
83$47,665,562$0$0$26,707,315
84$52,335,072$0$0$29,329,100
85$57,474,813$0$0$32,215,083
86$63,132,556$0$0$35,392,110
87$69,360,941$0$0$38,889,763
88$76,217,970$0$0$42,740,638
89$83,767,557$0$0$46,980,652
90$92,080,125$0$0$51,649,382
91$101,233,275$0$0$56,790,438
92$111,312,518$0$0$62,451,877
93$122,412,077$0$0$68,686,649
94$134,635,780$0$0$75,553,106
95$148,098,037$0$0$83,115,545
96$162,924,921$0$0$91,444,817
97$179,255,355$0$0$100,618,997
98$197,242,424$0$0$110,724,117
99$217,054,819$0$0$121,854,982
100$238,878,429$0$0$134,116,061