Can I retire at age 35 with 1,240,000?

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 $1,240,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$102,398$101,486$100,596$99,727$98,879$95,714
2 years$50,692$49,748$48,833$47,946$47,085$43,926
3 years$33,459$32,511$31,598$30,719$29,873$26,818
4 years$24,844$23,899$22,995$22,132$21,306$18,379
5 years$19,677$18,737$17,845$16,999$16,196$13,405
6 years$16,233$15,300$14,422$13,594$12,815$10,163
7 years$13,774$12,849$11,985$11,177$10,422$7,908
8 years$11,930$11,014$10,164$9,376$8,646$6,268
9 years$10,497$9,590$8,754$7,986$7,282$5,036
10 years$9,352$8,453$7,632$6,884$6,204$4,089
11 years$8,415$7,525$6,719$5,991$5,336$3,347
12 years$7,635$6,754$5,963$5,255$4,624$2,757
13 years$6,975$6,104$5,328$4,640$4,032$2,283
14 years$6,410$5,548$4,787$4,118$3,535$1,898
15 years$5,921$5,068$4,322$3,673$3,112$1,583
16 years$5,494$4,650$3,918$3,289$2,750$1,324
17 years$5,117$4,283$3,566$2,955$2,439$1,110
18 years$4,782$3,957$3,255$2,663$2,168$932
19 years$4,483$3,668$2,980$2,406$1,933$784
20 years$4,214$3,408$2,735$2,179$1,726$661
21 years$3,971$3,174$2,515$1,978$1,545$557
22 years$3,751$2,963$2,318$1,798$1,385$470
23 years$3,550$2,771$2,141$1,638$1,243$397
24 years$3,366$2,597$1,980$1,494$1,117$336
25 years$3,197$2,437$1,834$1,364$1,005$284
26 years$3,041$2,290$1,701$1,247$906$240
27 years$2,897$2,155$1,579$1,142$817$203
28 years$2,764$2,031$1,468$1,046$737$172
29 years$2,640$1,916$1,366$959$665$146
30 years$2,524$1,810$1,272$880$601$123
31 years$2,416$1,711$1,186$809$543$105
32 years$2,315$1,619$1,107$743$492$89
33 years$2,221$1,533$1,033$683$445$75
34 years$2,132$1,453$966$629$403$64
35 years$2,048$1,378$903$579$365$54
36 years$1,969$1,308$844$533$331$46
37 years$1,895$1,242$790$491$300$39
38 years$1,825$1,180$740$453$272$33
39 years$1,758$1,123$693$417$246$28
40 years$1,695$1,068$650$385$223$24
41 years$1,635$1,017$609$355$203$20
42 years$1,579$968$572$328$184$17
43 years$1,525$922$536$303$167$14
44 years$1,473$879$504$279$152$12
45 years$1,424$839$473$258$138$10
46 years$1,378$800$444$238$125$9
47 years$1,333$763$417$220$113$7
48 years$1,290$729$392$203$103$6
49 years$1,250$696$369$188$94$5
50 years$1,211$665$346$174$85$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $1,240,000, adding $6,772 every year, while hoping to spend $59,730 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: 53/23/24 Blend
34$1,240,000$1,240,000$1,240,000$1,240,000
35$1,373,465$1,307,745$1,288,525$1,436,799
36$1,450,007$1,308,273$1,268,139$1,481,750
37$1,532,353$1,306,824$1,245,067$1,523,920
38$1,621,034$1,303,239$1,219,158$1,568,575
39$1,716,630$1,297,349$1,190,250$1,615,974
40$1,819,780$1,288,973$1,158,178$1,666,404
41$1,931,185$1,277,920$1,122,764$1,720,187
42$2,051,616$1,263,988$1,083,826$1,777,678
43$2,181,919$1,246,961$1,041,173$1,839,272
44$2,323,026$1,226,614$994,604$1,905,409
45$2,475,961$1,202,703$943,908$1,976,577
46$2,641,848$1,174,975$888,868$2,053,317
47$2,821,925$1,143,158$829,255$2,136,230
48$3,017,555$1,106,966$764,828$2,225,984
49$3,230,235$1,066,096$695,339$2,323,318
50$3,461,612$1,020,228$620,526$2,429,053
51$3,713,499$969,022$540,116$2,544,097
52$3,987,890$912,119$453,825$2,669,460
53$4,286,982$849,139$361,354$2,806,257
54$4,613,189$779,682$262,395$2,955,726
55$4,969,171$703,323$156,622$3,119,239
56$5,357,854$619,613$43,696$3,298,311
57$5,782,461$528,080$0$3,494,624
58$6,246,537$428,221$0$3,729,707
59$6,753,989$319,509$0$3,999,169
60$7,309,115$201,385$0$4,294,183
61$7,916,651$73,258$0$4,617,370
62$8,581,808$0$0$4,971,626
63$9,310,327$0$0$5,376,719
64$10,108,530$0$0$5,840,994
65$10,983,380$0$0$6,349,974
66$11,942,543$0$0$6,908,136
67$12,994,464$0$0$7,520,410
68$14,148,446$0$0$8,192,227
69$15,414,733$0$0$8,929,568
70$16,804,611$0$0$9,739,023
71$18,330,510$0$0$10,627,849
72$20,006,123$0$0$11,604,042
73$21,846,534$0$0$12,676,410
74$23,868,361$0$0$13,854,655
75$26,089,908$0$0$15,149,466
76$28,531,343$0$0$16,572,620
77$31,214,883$0$0$18,137,089
78$34,165,004$0$0$19,857,167
79$37,408,673$0$0$21,748,601
80$40,975,600$0$0$23,828,740
81$44,898,517$0$0$26,116,700
82$49,213,489$0$0$28,633,541
83$53,960,251$0$0$31,402,467
84$59,182,582$0$0$34,449,045
85$64,928,721$0$0$37,801,445
86$71,251,816$0$0$41,490,705
87$78,210,427$0$0$45,551,026
88$85,869,081$0$0$50,020,090
89$94,298,876$0$0$54,939,419
90$103,578,151$0$0$60,354,763
91$113,793,226$0$0$66,316,536
92$125,039,218$0$0$72,880,285
93$137,420,931$0$0$80,107,220
94$151,053,853$0$0$88,064,787
95$166,065,236$0$0$96,827,304
96$182,595,303$0$0$106,476,665
97$200,798,566$0$0$117,103,109
98$220,845,286$0$0$128,806,074
99$242,923,077$0$0$141,695,133
100$267,238,677$0$0$155,891,028