Can I retire at age 35 with 1,020,000?

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 $1,020,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$84,231$83,480$82,748$82,034$81,336$78,764
2 years$41,698$40,922$40,169$39,439$38,732$36,164
3 years$27,523$26,743$25,992$25,269$24,573$22,089
4 years$20,436$19,659$18,916$18,205$17,526$15,146
5 years$16,186$15,413$14,679$13,983$13,323$11,053
6 years$13,353$12,586$11,863$11,182$10,542$8,384
7 years$11,330$10,569$9,858$9,194$8,573$6,527
8 years$9,814$9,060$8,361$7,712$7,112$5,177
9 years$8,635$7,888$7,201$6,569$5,990$4,162
10 years$7,692$6,953$6,278$5,663$5,103$3,382
11 years$6,922$6,190$5,527$4,928$4,389$2,770
12 years$6,280$5,556$4,905$4,323$3,804$2,283
13 years$5,738$5,021$4,382$3,816$3,317$1,892
14 years$5,273$4,564$3,938$3,388$2,907$1,574
15 years$4,871$4,169$3,555$3,021$2,560$1,314
16 years$4,519$3,825$3,223$2,705$2,262$1,100
17 years$4,209$3,523$2,933$2,431$2,006$922
18 years$3,934$3,255$2,677$2,190$1,784$775
19 years$3,688$3,017$2,451$1,979$1,590$653
20 years$3,467$2,803$2,249$1,793$1,420$550
21 years$3,267$2,611$2,069$1,627$1,271$464
22 years$3,085$2,438$1,907$1,479$1,139$392
23 years$2,920$2,280$1,761$1,347$1,023$332
24 years$2,769$2,136$1,628$1,229$919$280
25 years$2,630$2,005$1,508$1,122$827$237
26 years$2,502$1,884$1,399$1,026$745$201
27 years$2,383$1,773$1,299$939$672$170
28 years$2,273$1,671$1,208$860$606$144
29 years$2,171$1,576$1,124$789$547$122
30 years$2,076$1,488$1,047$724$494$104
31 years$1,988$1,407$976$665$447$88
32 years$1,905$1,331$910$611$404$75
33 years$1,827$1,261$850$562$366$63
34 years$1,754$1,195$794$517$331$54
35 years$1,685$1,133$743$476$300$46
36 years$1,620$1,076$695$438$272$39
37 years$1,559$1,022$650$404$246$33
38 years$1,501$971$609$372$223$28
39 years$1,446$923$570$343$203$24
40 years$1,395$879$535$317$184$20
41 years$1,345$836$501$292$167$17
42 years$1,299$796$470$270$151$14
43 years$1,254$759$441$249$137$12
44 years$1,212$723$414$230$125$10
45 years$1,172$690$389$212$113$9
46 years$1,133$658$365$196$103$7
47 years$1,097$628$343$181$93$6
48 years$1,061$599$323$167$85$5
49 years$1,028$572$303$155$77$5
50 years$996$547$285$143$70$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $1,020,000, adding $6,196 every year, while hoping to spend $59,793 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: 52/37/11 Blend
34$1,020,000$1,020,000$1,020,000$1,020,000
35$1,130,431$1,076,371$1,060,561$1,185,646
36$1,182,116$1,065,494$1,032,471$1,213,089
37$1,237,068$1,052,080$1,001,435$1,235,994
38$1,295,559$1,035,941$967,293$1,259,521
39$1,357,883$1,016,880$929,874$1,283,742
40$1,424,365$994,685$889,003$1,308,743
41$1,495,360$969,134$844,494$1,334,618
42$1,571,255$939,990$796,154$1,361,478
43$1,652,479$907,005$743,780$1,389,446
44$1,739,497$869,914$687,162$1,418,664
45$1,832,822$828,436$626,079$1,449,293
46$1,933,018$782,277$560,300$1,481,513
47$2,040,701$731,124$489,585$1,515,531
48$2,156,548$674,645$413,682$1,551,577
49$2,281,305$612,491$332,329$1,589,913
50$2,415,788$544,293$245,252$1,630,832
51$2,560,894$469,659$152,163$1,674,665
52$2,717,610$388,177$52,766$1,721,783
53$2,887,019$299,411$0$1,772,602
54$3,070,313$202,900$0$1,833,846
55$3,268,800$98,158$0$1,906,798
56$3,483,921$0$0$1,985,883
57$3,717,258$0$0$2,078,038
58$3,970,551$0$0$2,221,544
59$4,245,715$0$0$2,377,532
60$4,544,857$0$0$2,547,206
61$4,870,292$0$0$2,731,892
62$5,224,571$0$0$2,933,050
63$5,610,497$0$0$3,152,285
64$6,031,158$0$0$3,391,363
65$6,489,950$0$0$3,652,231
66$6,990,613$0$0$3,937,028
67$7,537,263$0$0$4,248,110
68$8,134,430$0$0$4,588,073
69$8,787,101$0$0$4,959,771
70$9,500,767$0$0$5,366,349
71$10,281,475$0$0$5,811,270
72$11,135,882$0$0$6,298,346
73$12,071,318$0$0$6,831,775
74$13,095,854$0$0$7,416,180
75$14,218,382$0$0$8,056,652
76$15,448,689$0$0$8,758,800
77$16,797,559$0$0$9,528,798
78$18,276,867$0$0$10,373,449
79$19,899,691$0$0$11,300,244
80$21,680,440$0$0$12,317,437
81$23,634,980$0$0$13,434,118
82$25,780,792$0$0$14,660,299
83$28,137,131$0$0$16,007,012
84$30,725,207$0$0$17,486,408
85$33,568,387$0$0$19,111,872
86$36,692,411$0$0$20,898,152
87$40,125,638$0$0$22,861,494
88$43,899,307$0$0$25,019,797
89$48,047,838$0$0$27,392,778
90$52,609,149$0$0$30,002,165
91$57,625,017$0$0$32,871,891
92$63,141,471$0$0$36,028,329
93$69,209,222$0$0$39,500,533
94$75,884,144$0$0$43,320,518
95$83,227,799$0$0$47,523,556
96$91,308,016$0$0$52,148,511
97$100,199,531$0$0$57,238,204
98$109,984,691$0$0$62,839,818
99$120,754,229$0$0$69,005,341
100$132,608,119$0$0$75,792,056