Can I retire at age 35 with 1,220,000?

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 $1,220,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$100,746$99,849$98,974$98,119$97,285$95,010
2 years$49,874$48,946$48,045$47,173$46,326$44,047
3 years$32,919$31,987$31,089$30,224$29,391$27,179
4 years$24,443$23,513$22,625$21,775$20,962$18,834
5 years$19,359$18,435$17,558$16,725$15,935$13,898
6 years$15,971$15,053$14,189$13,375$12,609$10,664
7 years$13,552$12,642$11,791$10,996$10,254$8,402
8 years$11,738$10,836$10,000$9,225$8,507$6,746
9 years$10,328$9,435$8,613$7,857$7,164$5,493
10 years$9,201$8,317$7,509$6,773$6,104$4,522
11 years$8,279$7,404$6,611$5,895$5,250$3,754
12 years$7,512$6,645$5,867$5,170$4,549$3,137
13 years$6,863$6,005$5,242$4,565$3,967$2,636
14 years$6,307$5,459$4,710$4,052$3,478$2,225
15 years$5,826$4,987$4,252$3,614$3,062$1,885
16 years$5,405$4,575$3,855$3,236$2,706$1,602
17 years$5,034$4,213$3,508$2,907$2,399$1,365
18 years$4,705$3,893$3,202$2,620$2,133$1,165
19 years$4,411$3,608$2,932$2,367$1,902$996
20 years$4,146$3,353$2,691$2,144$1,699$853
21 years$3,907$3,123$2,475$1,946$1,520$732
22 years$3,690$2,915$2,281$1,769$1,362$628
23 years$3,493$2,727$2,106$1,611$1,223$540
24 years$3,312$2,555$1,948$1,470$1,099$464
25 years$3,145$2,398$1,804$1,342$989$400
26 years$2,992$2,253$1,673$1,227$891$344
27 years$2,850$2,121$1,554$1,123$803$297
28 years$2,719$1,998$1,444$1,029$725$256
29 years$2,597$1,885$1,344$944$655$220
30 years$2,483$1,780$1,252$866$591$190
31 years$2,377$1,683$1,167$795$535$164
32 years$2,278$1,592$1,089$731$484$142
33 years$2,185$1,508$1,017$672$438$122
34 years$2,097$1,429$950$619$396$106
35 years$2,015$1,356$888$569$359$91
36 years$1,938$1,287$831$524$325$79
37 years$1,864$1,222$778$483$295$68
38 years$1,795$1,161$728$445$267$59
39 years$1,730$1,104$682$411$242$51
40 years$1,668$1,051$640$379$220$44
41 years$1,609$1,000$600$349$199$38
42 years$1,553$953$563$323$181$33
43 years$1,500$908$528$298$164$28
44 years$1,450$865$495$275$149$24
45 years$1,401$825$465$254$135$21
46 years$1,355$787$437$234$123$18
47 years$1,312$751$411$217$112$16
48 years$1,270$717$386$200$101$14
49 years$1,230$685$363$185$92$12
50 years$1,191$654$341$171$84$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $1,220,000, adding $6,257 every year, while hoping to spend $37,720 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: 45/47/8 Blend
34$1,220,000$1,220,000$1,220,000$1,220,000
35$1,350,894$1,286,234$1,267,324$1,408,381
36$1,448,552$1,309,126$1,269,646$1,471,623
37$1,554,906$1,331,875$1,270,781$1,535,765
38$1,670,804$1,354,435$1,270,650$1,604,444
39$1,797,179$1,376,755$1,269,170$1,678,092
40$1,935,057$1,398,781$1,266,252$1,757,183
41$2,085,567$1,420,456$1,261,806$1,842,242
42$2,249,952$1,441,716$1,255,734$1,933,846
43$2,429,582$1,462,495$1,247,936$2,032,634
44$2,625,964$1,482,722$1,238,307$2,139,308
45$2,840,757$1,502,319$1,226,734$2,254,645
46$3,075,787$1,521,206$1,213,102$2,379,501
47$3,333,066$1,539,294$1,197,290$2,514,820
48$3,614,810$1,556,490$1,179,170$2,661,644
49$3,923,457$1,572,695$1,158,609$2,821,123
50$4,261,694$1,587,801$1,135,467$2,994,525
51$4,632,480$1,601,697$1,109,598$3,183,249
52$5,039,072$1,614,260$1,080,850$3,388,840
53$5,485,061$1,625,362$1,049,062$3,613,000
54$5,974,399$1,634,866$1,014,067$3,857,608
55$6,511,440$1,642,627$975,690$4,124,738
56$7,100,980$1,648,488$933,749$4,416,677
57$7,748,302$1,652,287$888,052$4,735,947
58$8,459,227$1,653,847$838,399$5,085,331
59$9,240,165$1,652,982$784,582$5,467,901
60$10,098,178$1,649,494$726,382$5,887,044
61$11,041,047$1,643,175$663,571$6,346,494
62$12,077,344$1,633,801$595,911$6,850,375
63$13,216,512$1,621,135$523,153$7,403,231
64$14,468,955$1,604,929$445,037$8,010,077
65$15,846,133$1,584,916$361,291$8,676,445
66$17,360,676$1,560,814$271,631$9,408,433
67$19,026,498$1,532,326$175,763$10,212,772
68$20,858,926$1,499,136$73,377$11,096,881
69$22,874,851$1,460,909$0$12,068,944
70$25,092,883$1,417,290$0$13,141,052
71$27,533,525$1,367,906$0$14,326,978
72$30,219,370$1,312,358$0$15,631,460
73$33,175,309$1,250,227$0$17,066,636
74$36,428,772$1,181,069$0$18,645,887
75$40,009,979$1,104,414$0$20,383,969
76$43,952,232$1,019,766$0$22,297,151
77$48,292,224$926,598$0$24,403,370
78$53,070,386$824,357$0$26,722,403
79$58,331,270$712,455$0$29,276,052
80$64,123,967$590,272$0$32,088,358
81$70,502,570$457,154$0$35,185,821
82$77,526,687$312,409$0$38,597,661
83$85,261,998$155,307$0$42,356,087
84$93,780,880$0$0$46,496,611
85$103,163,086$0$0$51,066,101
86$113,496,499$0$0$56,187,527
87$124,877,959$0$0$61,828,589
88$137,414,180$0$0$68,042,201
89$151,222,754$0$0$74,886,676
90$166,433,261$0$0$82,426,268
91$183,188,491$0$0$90,731,786
92$201,645,795$0$0$99,881,254
93$221,978,564$0$0$109,960,655
94$244,377,869$0$0$121,064,737
95$269,054,265$0$0$133,297,911
96$296,239,774$0$0$146,775,233
97$326,190,077$0$0$161,623,491
98$359,186,927$0$0$177,982,402
99$395,540,807$0$0$196,005,932
100$435,593,863$0$0$215,863,746