Can I retire at age 35 with 1,120,000?

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 $1,120,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$92,489$91,665$90,861$90,076$89,310$87,187
2 years$45,786$44,934$44,107$43,306$42,529$40,402
3 years$30,221$29,365$28,540$27,747$26,982$24,918
4 years$22,440$21,586$20,770$19,990$19,244$17,259
5 years$17,772$16,924$16,118$15,354$14,629$12,728
6 years$14,662$13,820$13,026$12,279$11,575$9,761
7 years$12,441$11,606$10,825$10,095$9,414$7,686
8 years$10,776$9,948$9,180$8,469$7,810$6,168
9 years$9,482$8,662$7,907$7,213$6,577$5,020
10 years$8,447$7,635$6,893$6,218$5,604$4,129
11 years$7,601$6,797$6,069$5,411$4,819$3,426
12 years$6,896$6,100$5,386$4,747$4,176$2,861
13 years$6,300$5,513$4,812$4,191$3,642$2,403
14 years$5,790$5,011$4,324$3,720$3,193$2,027
15 years$5,348$4,578$3,904$3,317$2,811$1,716
16 years$4,962$4,200$3,539$2,970$2,484$1,457
17 years$4,622$3,868$3,221$2,669$2,203$1,240
18 years$4,319$3,574$2,940$2,405$1,959$1,058
19 years$4,049$3,313$2,691$2,173$1,746$904
20 years$3,807$3,078$2,470$1,968$1,559$774
21 years$3,587$2,867$2,272$1,786$1,395$663
22 years$3,388$2,677$2,094$1,624$1,251$569
23 years$3,206$2,503$1,933$1,479$1,123$489
24 years$3,040$2,345$1,788$1,349$1,009$420
25 years$2,888$2,201$1,656$1,232$908$361
26 years$2,747$2,069$1,536$1,127$818$311
27 years$2,617$1,947$1,426$1,031$737$268
28 years$2,496$1,834$1,326$945$665$230
29 years$2,384$1,731$1,234$866$601$199
30 years$2,280$1,634$1,149$795$543$171
31 years$2,182$1,545$1,071$730$491$147
32 years$2,091$1,462$1,000$671$444$127
33 years$2,006$1,384$933$617$402$110
34 years$1,925$1,312$872$568$364$95
35 years$1,850$1,245$815$523$330$82
36 years$1,779$1,181$763$481$299$70
37 years$1,712$1,122$714$444$271$61
38 years$1,648$1,066$669$409$245$52
39 years$1,588$1,014$626$377$222$45
40 years$1,531$965$587$348$202$39
41 years$1,477$918$551$321$183$34
42 years$1,426$874$516$296$166$29
43 years$1,377$833$485$273$151$25
44 years$1,331$794$455$252$137$22
45 years$1,286$757$427$233$124$19
46 years$1,244$723$401$215$113$16
47 years$1,204$689$377$199$102$14
48 years$1,166$658$354$184$93$12
49 years$1,129$629$333$170$84$10
50 years$1,094$600$313$157$77$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $1,120,000, adding $6,145 every year, while hoping to spend $56,292 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: 54/41/5 Blend
34$1,120,000$1,120,000$1,120,000$1,120,000
35$1,240,579$1,181,219$1,163,859$1,305,929
36$1,307,223$1,179,204$1,142,954$1,348,731
37$1,378,779$1,175,204$1,119,462$1,388,523
38$1,455,688$1,169,062$1,093,237$1,430,443
39$1,538,433$1,160,612$1,064,126$1,474,698
40$1,627,549$1,149,677$1,031,969$1,521,523
41$1,723,618$1,136,070$996,599$1,571,176
42$1,827,282$1,119,593$957,841$1,623,945
43$1,939,249$1,100,037$915,512$1,680,151
44$2,060,291$1,077,178$869,421$1,740,148
45$2,191,262$1,050,781$819,368$1,804,332
46$2,333,098$1,020,596$765,144$1,873,143
47$2,486,829$986,360$706,530$1,947,070
48$2,653,586$947,792$643,300$2,026,652
49$2,834,615$904,598$575,214$2,112,494
50$3,031,286$856,463$502,024$2,205,261
51$3,245,105$803,057$423,469$2,305,695
52$3,477,729$744,030$339,278$2,414,618
53$3,730,981$679,012$249,168$2,532,942
54$4,006,869$607,611$152,843$2,661,677
55$4,307,600$529,415$49,994$2,801,943
56$4,635,605$443,986$0$2,954,983
57$4,993,558$350,862$0$3,125,361
58$5,384,404$249,557$0$3,314,466
59$5,811,383$139,556$0$3,521,336
60$6,278,064$20,314$0$3,747,861
61$6,788,375$0$0$3,996,131
62$7,346,641$0$0$4,317,520
63$7,957,624$0$0$4,679,393
64$8,626,569$0$0$5,075,704
65$9,359,251$0$0$5,509,887
66$10,162,028$0$0$5,985,726
67$11,041,904$0$0$6,507,385
68$12,006,594$0$0$7,079,455
69$13,064,591$0$0$7,706,987
70$14,225,255$0$0$8,395,549
71$15,498,890$0$0$9,151,271
72$16,896,850$0$0$9,980,907
73$18,431,640$0$0$10,891,896
74$20,117,034$0$0$11,892,434
75$21,968,208$0$0$12,991,548
76$24,001,877$0$0$14,199,183
77$26,236,458$0$0$15,526,296
78$28,692,237$0$0$16,984,956
79$31,391,564$0$0$18,588,462
80$34,359,064$0$0$20,351,462
81$37,621,864$0$0$22,290,099
82$41,209,852$0$0$24,422,155
83$45,155,957$0$0$26,767,221
84$49,496,460$0$0$29,346,886
85$54,271,335$0$0$32,184,933
86$59,524,622$0$0$35,307,568
87$65,304,850$0$0$38,743,664
88$71,665,486$0$0$42,525,036
89$78,665,442$0$0$46,686,737
90$86,369,631$0$0$51,267,393
91$94,849,577$0$0$56,309,562
92$104,184,091$0$0$61,860,138
93$114,460,010$0$0$67,970,793
94$125,773,021$0$0$74,698,465
95$138,228,559$0$0$82,105,890
96$151,942,802$0$0$90,262,201
97$167,043,769$0$0$99,243,572
98$183,672,523$0$0$109,133,945
99$201,984,503$0$0$120,025,812
100$222,150,993$0$0$132,021,097