Can I retire at age 35 with 423,000?

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 $423,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$34,931$34,620$34,316$34,020$33,731$33,406
2 years$17,293$16,970$16,658$16,356$16,062$15,735
3 years$11,414$11,090$10,779$10,479$10,191$9,871
4 years$8,475$8,153$7,844$7,550$7,268$6,959
5 years$6,712$6,392$6,088$5,799$5,525$5,227
6 years$5,537$5,219$4,920$4,637$4,372$4,085
7 years$4,699$4,383$4,088$3,813$3,555$3,281
8 years$4,070$3,757$3,467$3,198$2,950$2,686
9 years$3,581$3,271$2,986$2,724$2,484$2,232
10 years$3,190$2,884$2,604$2,348$2,116$1,876
11 years$2,871$2,567$2,292$2,044$1,820$1,591
12 years$2,604$2,304$2,034$1,793$1,577$1,359
13 years$2,379$2,082$1,817$1,583$1,375$1,168
14 years$2,187$1,893$1,633$1,405$1,206$1,009
15 years$2,020$1,729$1,474$1,253$1,062$875
16 years$1,874$1,586$1,337$1,122$938$761
17 years$1,745$1,461$1,216$1,008$832$664
18 years$1,631$1,350$1,110$908$740$581
19 years$1,529$1,251$1,016$821$659$510
20 years$1,438$1,163$933$743$589$448
21 years$1,355$1,083$858$675$527$394
22 years$1,280$1,011$791$613$472$347
23 years$1,211$945$730$559$424$306
24 years$1,148$886$675$510$381$271
25 years$1,091$831$625$465$343$239
26 years$1,037$781$580$425$309$212
27 years$988$735$539$389$279$187
28 years$943$693$501$357$251$166
29 years$900$654$466$327$227$147
30 years$861$617$434$300$205$131
31 years$824$584$405$276$185$116
32 years$790$552$378$253$168$103
33 years$758$523$353$233$152$91
34 years$727$496$329$214$137$81
35 years$699$470$308$197$124$72
36 years$672$446$288$182$113$64
37 years$646$424$270$168$102$57
38 years$622$403$253$154$93$51
39 years$600$383$237$142$84$45
40 years$578$364$222$131$76$40
41 years$558$347$208$121$69$36
42 years$539$330$195$112$63$32
43 years$520$315$183$103$57$28
44 years$503$300$172$95$52$25
45 years$486$286$161$88$47$22
46 years$470$273$152$81$43$20
47 years$455$260$142$75$39$18
48 years$440$249$134$69$35$16
49 years$426$237$126$64$32$14
50 years$413$227$118$59$29$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $423,000, adding $6,500 every year, while hoping to spend $32,900 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: 42/41/17 Blend
34$423,000$423,000$423,000$423,000
35$472,851$450,432$443,875$490,107
36$486,076$437,498$423,740$489,990
37$499,548$422,827$401,827$486,141
38$513,256$406,300$378,043$481,277
39$527,190$387,790$352,289$475,321
40$541,334$367,163$324,461$468,190
41$555,673$344,277$294,454$459,797
42$570,187$318,982$262,153$450,049
43$584,853$291,119$227,442$438,846
44$599,646$260,521$190,199$426,083
45$614,533$227,010$150,294$411,647
46$629,482$190,400$107,595$395,418
47$644,451$150,492$61,962$377,268
48$659,397$107,077$13,249$357,061
49$674,267$59,936$0$334,652
50$689,004$8,834$0$316,912
51$703,541$0$0$299,671
52$717,806$0$0$301,345
53$731,715$0$0$306,809
54$745,174$0$0$312,035
55$758,078$0$0$316,973
56$770,312$0$0$321,567
57$781,742$0$0$325,756
58$792,224$0$0$329,471
59$801,593$0$0$332,636
60$809,668$0$0$335,165
61$816,245$0$0$336,962
62$821,099$0$0$337,922
63$823,978$0$0$337,928
64$824,603$0$0$336,849
65$822,664$0$0$334,540
66$817,817$0$0$330,841
67$809,680$0$0$325,573
68$797,829$0$0$318,538
69$781,794$0$0$309,519
70$761,055$0$0$298,272
71$735,035$0$0$284,529
72$703,097$0$0$267,992
73$664,533$0$0$248,334
74$618,561$0$0$225,191
75$564,318$0$0$198,160
76$500,845$0$0$166,797
77$427,086$0$0$130,610
78$341,871$0$0$89,057
79$243,907$0$0$41,536
80$131,766$0$0$0
81$3,871$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0