Can I retire at age 35 with 1,010,000?

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 $1,010,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$83,405$82,662$81,937$81,230$80,539$78,117
2 years$41,290$40,521$39,775$39,053$38,352$35,932
3 years$27,253$26,481$25,737$25,021$24,332$21,991
4 years$20,236$19,466$18,730$18,027$17,354$15,109
5 years$16,027$15,262$14,535$13,846$13,192$11,049
6 years$13,222$12,462$11,747$11,073$10,438$8,400
7 years$11,219$10,466$9,762$9,104$8,489$6,554
8 years$9,717$8,971$8,279$7,637$7,043$5,211
9 years$8,550$7,811$7,130$6,505$5,931$4,200
10 years$7,617$6,885$6,216$5,607$5,053$3,421
11 years$6,854$6,129$5,473$4,880$4,346$2,809
12 years$6,219$5,501$4,857$4,280$3,766$2,321
13 years$5,681$4,972$4,339$3,779$3,284$1,929
14 years$5,221$4,519$3,899$3,355$2,879$1,609
15 years$4,823$4,128$3,520$2,992$2,535$1,347
16 years$4,475$3,788$3,192$2,679$2,240$1,131
17 years$4,168$3,488$2,904$2,407$1,986$951
18 years$3,895$3,223$2,651$2,169$1,766$802
19 years$3,652$2,987$2,427$1,960$1,574$677
20 years$3,433$2,776$2,227$1,775$1,406$573
21 years$3,235$2,586$2,049$1,611$1,258$485
22 years$3,055$2,414$1,888$1,465$1,128$411
23 years$2,891$2,257$1,743$1,334$1,013$348
24 years$2,742$2,115$1,612$1,217$910$296
25 years$2,604$1,985$1,493$1,111$819$251
26 years$2,477$1,865$1,385$1,016$738$213
27 years$2,360$1,756$1,286$930$665$181
28 years$2,251$1,654$1,196$852$600$154
29 years$2,150$1,561$1,113$781$542$131
30 years$2,056$1,474$1,036$717$490$111
31 years$1,968$1,393$966$659$443$95
32 years$1,886$1,318$901$605$400$81
33 years$1,809$1,248$842$557$362$69
34 years$1,736$1,183$786$512$328$58
35 years$1,668$1,122$735$471$297$50
36 years$1,604$1,065$688$434$269$42
37 years$1,544$1,012$644$400$244$36
38 years$1,486$962$603$369$221$31
39 years$1,432$914$565$340$201$26
40 years$1,381$870$529$314$182$22
41 years$1,332$828$496$289$165$19
42 years$1,286$789$466$267$150$16
43 years$1,242$751$437$246$136$14
44 years$1,200$716$410$228$123$12
45 years$1,160$683$385$210$112$10
46 years$1,122$652$362$194$102$8
47 years$1,086$622$340$179$92$7
48 years$1,051$594$319$166$84$6
49 years$1,018$567$300$153$76$5
50 years$986$541$282$142$69$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $1,010,000, adding $5,124 every year, while hoping to spend $56,281 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: 41/29/30 Blend
34$1,010,000$1,010,000$1,010,000$1,010,000
35$1,118,305$1,064,775$1,049,120$1,154,119
36$1,172,490$1,057,067$1,024,383$1,172,892
37$1,230,315$1,047,094$996,931$1,187,598
38$1,292,093$1,034,687$966,614$1,202,465
39$1,358,165$1,019,665$933,274$1,217,543
40$1,428,906$1,001,837$896,747$1,232,893
41$1,504,727$981,000$856,861$1,248,586
42$1,586,079$956,939$813,436$1,264,705
43$1,673,457$929,427$766,284$1,281,345
44$1,767,404$898,223$715,208$1,298,619
45$1,868,516$863,073$660,005$1,316,654
46$1,977,448$823,707$600,458$1,335,598
47$2,094,918$779,839$536,344$1,355,620
48$2,221,718$731,169$467,430$1,376,913
49$2,358,714$677,377$393,469$1,399,696
50$2,506,860$618,127$314,209$1,424,219
51$2,667,206$553,061$229,381$1,450,764
52$2,840,904$481,804$138,707$1,479,652
53$3,029,220$403,956$41,898$1,511,244
54$3,233,549$319,098$0$1,545,949
55$3,455,422$226,786$0$1,603,883
56$3,696,527$126,549$0$1,681,497
57$3,958,716$17,894$0$1,766,049
58$4,244,031$0$0$1,858,303
59$4,554,716$0$0$1,990,921
60$4,893,242$0$0$2,141,764
61$5,262,326$0$0$2,306,347
62$5,664,962$0$0$2,486,020
63$6,104,441$0$0$2,682,269
64$6,584,389$0$0$2,896,731
65$7,108,797$0$0$3,131,204
66$7,682,057$0$0$3,387,673
67$8,309,007$0$0$3,668,320
68$8,994,972$0$0$3,975,548
69$9,745,817$0$0$4,312,005
70$10,567,999$0$0$4,680,606
71$11,468,629$0$0$5,084,561
72$12,455,538$0$0$5,527,404
73$13,537,351$0$0$6,013,031
74$14,723,566$0$0$6,545,729
75$16,024,646$0$0$7,130,222
76$17,452,112$0$0$7,771,714
77$19,018,658$0$0$8,475,936
78$20,738,265$0$0$9,249,201
79$22,626,332$0$0$10,098,463
80$24,699,824$0$0$11,031,384
81$26,977,428$0$0$12,056,404
82$29,479,732$0$0$13,182,820
83$32,229,416$0$0$14,420,876
84$35,251,464$0$0$15,781,855
85$38,573,402$0$0$17,278,191
86$42,225,555$0$0$18,923,581
87$46,241,335$0$0$20,733,116
88$50,657,551$0$0$22,723,421
89$55,514,759$0$0$24,912,818
90$60,857,640$0$0$27,321,488
91$66,735,428$0$0$29,971,671
92$73,202,365$0$0$32,887,869
93$80,318,216$0$0$36,097,081
94$88,148,835$0$0$39,629,054
95$96,766,779$0$0$43,516,565
96$106,251,996$0$0$47,795,731
97$116,692,578$0$0$52,506,347
98$128,185,591$0$0$57,692,262
99$140,837,987$0$0$63,401,794
100$154,767,617$0$0$69,688,184