Can I retire at age 35 with 1,040,000?

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 $1,040,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$85,882$85,117$84,371$83,642$82,931$81,058
2 years$42,516$41,724$40,957$40,213$39,491$37,614
3 years$28,062$27,267$26,502$25,765$25,055$23,232
4 years$20,837$20,044$19,286$18,562$17,869$16,115
5 years$16,503$15,715$14,967$14,257$13,584$11,904
6 years$13,615$12,832$12,096$11,402$10,748$9,144
7 years$11,552$10,777$10,052$9,374$8,741$7,212
8 years$10,006$9,238$8,524$7,864$7,252$5,798
9 years$8,804$8,043$7,342$6,698$6,107$4,727
10 years$7,843$7,089$6,401$5,774$5,204$3,896
11 years$7,058$6,311$5,635$5,025$4,475$3,238
12 years$6,403$5,665$5,001$4,408$3,878$2,710
13 years$5,850$5,119$4,468$3,891$3,382$2,280
14 years$5,376$4,653$4,015$3,454$2,964$1,927
15 years$4,966$4,251$3,625$3,081$2,610$1,635
16 years$4,608$3,900$3,286$2,758$2,307$1,391
17 years$4,292$3,592$2,991$2,478$2,045$1,187
18 years$4,011$3,319$2,730$2,233$1,819$1,015
19 years$3,760$3,076$2,499$2,018$1,621$869
20 years$3,535$2,858$2,294$1,828$1,448$746
21 years$3,331$2,662$2,110$1,659$1,296$640
22 years$3,146$2,485$1,944$1,508$1,161$551
23 years$2,977$2,324$1,795$1,374$1,043$474
24 years$2,823$2,178$1,660$1,253$937$408
25 years$2,681$2,044$1,538$1,144$843$352
26 years$2,551$1,921$1,426$1,046$760$304
27 years$2,430$1,808$1,324$958$685$262
28 years$2,318$1,703$1,231$877$618$226
29 years$2,214$1,607$1,146$805$558$195
30 years$2,117$1,518$1,067$738$504$169
31 years$2,027$1,435$995$678$456$146
32 years$1,942$1,357$928$623$412$126
33 years$1,862$1,286$867$573$373$109
34 years$1,788$1,218$810$527$338$94
35 years$1,718$1,156$757$485$306$82
36 years$1,652$1,097$708$447$277$71
37 years$1,589$1,042$663$412$251$61
38 years$1,530$990$621$380$228$53
39 years$1,475$941$582$350$207$46
40 years$1,422$896$545$323$187$40
41 years$1,372$853$511$298$170$34
42 years$1,324$812$480$275$154$30
43 years$1,279$774$450$254$140$26
44 years$1,236$738$422$234$127$22
45 years$1,195$703$397$216$115$19
46 years$1,155$671$372$200$105$17
47 years$1,118$640$350$185$95$14
48 years$1,082$611$329$171$86$12
49 years$1,048$584$309$158$78$11
50 years$1,015$558$291$146$71$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $1,040,000, adding $2,346 every year, while hoping to spend $37,469 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: 34/40/26 Blend
34$1,040,000$1,040,000$1,040,000$1,040,000
35$1,148,500$1,093,380$1,077,260$1,178,420
36$1,225,780$1,107,089$1,073,481$1,214,776
37$1,309,687$1,120,214$1,068,320$1,250,414
38$1,400,857$1,132,686$1,061,691$1,288,107
39$1,499,991$1,144,434$1,053,504$1,328,064
40$1,607,858$1,155,379$1,043,664$1,370,515
41$1,725,305$1,165,438$1,032,073$1,415,716
42$1,853,266$1,174,524$1,018,627$1,463,952
43$1,992,766$1,182,543$1,003,218$1,515,539
44$2,144,935$1,189,394$985,732$1,570,828
45$2,311,015$1,194,972$966,051$1,630,209
46$2,492,376$1,199,162$944,051$1,694,112
47$2,690,523$1,201,846$919,602$1,763,018
48$2,907,114$1,202,895$892,566$1,837,457
49$3,143,976$1,202,173$862,804$1,918,019
50$3,403,119$1,199,536$830,164$2,005,356
51$3,686,755$1,194,832$794,493$2,100,192
52$3,997,322$1,187,897$755,627$2,203,328
53$4,337,505$1,178,560$713,397$2,315,652
54$4,710,259$1,166,637$667,624$2,438,147
55$5,118,839$1,151,936$618,123$2,571,902
56$5,566,830$1,134,251$564,700$2,718,122
57$6,058,182$1,113,364$507,152$2,878,140
58$6,597,242$1,089,045$445,267$3,053,434
59$7,188,803$1,061,049$378,825$3,245,636
60$7,838,139$1,029,120$307,595$3,456,553
61$8,551,065$992,982$231,334$3,688,183
62$9,333,981$952,346$149,792$3,942,736
63$10,193,943$906,907$62,706$4,222,656
64$11,138,720$856,340$0$4,530,645
65$12,176,871$800,302$0$4,878,077
66$13,317,827$738,432$0$5,278,974
67$14,571,976$670,346$0$5,719,655
68$15,950,763$595,639$0$6,204,236
69$17,466,800$513,883$0$6,737,263
70$19,133,977$424,627$0$7,323,750
71$20,967,601$327,392$0$7,969,231
72$22,984,537$221,675$0$8,679,813
73$25,203,365$106,942$0$9,462,232
74$27,644,557$0$0$10,323,923
75$30,330,669$0$0$11,280,732
76$33,286,556$0$0$12,385,612
77$36,539,601$0$0$13,601,748
78$40,119,978$0$0$14,940,443
79$44,060,934$0$0$16,414,151
80$48,399,102$0$0$18,036,596
81$53,174,847$0$0$19,822,898
82$58,432,649$0$0$21,789,721
83$64,221,515$0$0$23,955,423
84$70,595,452$0$0$26,340,236
85$77,613,965$0$0$28,966,453
86$85,342,626$0$0$31,858,638
87$93,853,691$0$0$35,043,861
88$103,226,776$0$0$38,551,950
89$113,549,616$0$0$42,415,772
90$124,918,888$0$0$46,671,548
91$137,441,123$0$0$51,359,187
92$151,233,712$0$0$56,522,671
93$166,426,013$0$0$62,210,463
94$183,160,572$0$0$68,475,967
95$201,594,468$0$0$75,378,034
96$221,900,794$0$0$82,981,514
97$244,270,292$0$0$91,357,869
98$268,913,151$0$0$100,585,848
99$296,060,990$0$0$110,752,228
100$325,969,049$0$0$121,952,639