Can I retire at age 35 with 488,000?

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 $488,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$40,299$39,940$39,589$39,248$38,914$38,701
2 years$19,950$19,578$19,218$18,869$18,530$18,316
3 years$13,168$12,795$12,435$12,090$11,756$11,546
4 years$9,777$9,405$9,050$8,710$8,385$8,181
5 years$7,744$7,374$7,023$6,690$6,374$6,177
6 years$6,388$6,021$5,676$5,350$5,044$4,854
7 years$5,421$5,057$4,716$4,399$4,102$3,919
8 years$4,695$4,335$4,000$3,690$3,403$3,228
9 years$4,131$3,774$3,445$3,143$2,866$2,698
10 years$3,680$3,327$3,004$2,709$2,442$2,281
11 years$3,312$2,961$2,644$2,358$2,100$1,946
12 years$3,005$2,658$2,347$2,068$1,820$1,673
13 years$2,745$2,402$2,097$1,826$1,587$1,447
14 years$2,523$2,183$1,884$1,621$1,391$1,258
15 years$2,330$1,995$1,701$1,445$1,225$1,098
16 years$2,162$1,830$1,542$1,294$1,082$962
17 years$2,014$1,685$1,403$1,163$960$846
18 years$1,882$1,557$1,281$1,048$853$745
19 years$1,764$1,443$1,173$947$761$658
20 years$1,659$1,341$1,076$858$679$582
21 years$1,563$1,249$990$778$608$516
22 years$1,476$1,166$912$708$545$458
23 years$1,397$1,091$842$645$489$407
24 years$1,325$1,022$779$588$440$363
25 years$1,258$959$722$537$396$323
26 years$1,197$901$669$491$356$288
27 years$1,140$848$621$449$321$257
28 years$1,088$799$578$412$290$230
29 years$1,039$754$538$378$262$205
30 years$993$712$501$346$237$184
31 years$951$673$467$318$214$164
32 years$911$637$436$292$193$147
33 years$874$603$407$269$175$132
34 years$839$572$380$247$159$118
35 years$806$542$355$228$144$106
36 years$775$515$332$210$130$95
37 years$746$489$311$193$118$85
38 years$718$465$291$178$107$76
39 years$692$442$273$164$97$68
40 years$667$420$256$152$88$61
41 years$644$400$240$140$80$55
42 years$621$381$225$129$72$49
43 years$600$363$211$119$66$44
44 years$580$346$198$110$60$40
45 years$561$330$186$102$54$36
46 years$542$315$175$94$49$32
47 years$525$300$164$87$45$29
48 years$508$287$154$80$41$26
49 years$492$274$145$74$37$23
50 years$476$262$136$68$33$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $488,000, adding $2,809 every year, while hoping to spend $31,373 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: 61/9/30 Blend
34$488,000$488,000$488,000$488,000
35$540,673$514,809$507,245$569,104
36$562,442$506,655$490,858$580,668
37$585,378$497,048$472,869$589,683
38$609,570$485,887$453,194$598,874
39$635,111$473,060$431,740$608,266
40$662,103$458,450$408,414$617,887
41$690,657$441,935$383,116$627,771
42$720,897$423,382$355,742$637,954
43$752,954$402,653$326,185$648,479
44$786,974$379,602$294,332$659,396
45$823,117$354,075$260,064$670,761
46$861,557$325,906$223,257$682,636
47$902,484$294,923$183,784$695,094
48$946,106$260,943$141,510$708,216
49$992,652$223,772$96,294$722,093
50$1,042,372$183,207$47,989$736,830
51$1,095,540$139,030$0$752,543
52$1,152,457$91,015$0$770,502
53$1,213,453$38,919$0$806,183
54$1,278,888$0$0$844,427
55$1,349,161$0$0$887,209
56$1,424,706$0$0$937,370
57$1,506,001$0$0$991,378
58$1,593,571$0$0$1,049,583
59$1,687,994$0$0$1,112,374
60$1,789,901$0$0$1,180,175
61$1,899,990$0$0$1,253,453
62$2,019,025$0$0$1,332,722
63$2,147,846$0$0$1,418,547
64$2,287,377$0$0$1,511,546
65$2,438,635$0$0$1,612,404
66$2,602,737$0$0$1,721,869
67$2,780,911$0$0$1,840,767
68$2,974,508$0$0$1,970,006
69$3,185,016$0$0$2,110,583
70$3,414,069$0$0$2,263,598
71$3,663,468$0$0$2,430,260
72$3,935,191$0$0$2,611,897
73$4,231,420$0$0$2,809,975
74$4,554,550$0$0$3,026,104
75$4,907,224$0$0$3,262,058
76$5,292,345$0$0$3,519,789
77$5,713,113$0$0$3,801,447
78$6,173,050$0$0$4,109,396
79$6,676,032$0$0$4,446,242
80$7,226,327$0$0$4,814,854
81$7,828,638$0$0$5,218,390
82$8,488,138$0$0$5,660,328
83$9,210,528$0$0$6,144,498
84$10,002,085$0$0$6,675,118
85$10,869,722$0$0$7,256,833
86$11,821,051$0$0$7,894,760
87$12,864,458$0$0$8,594,534
88$14,009,180$0$0$9,362,363
89$15,265,387$0$0$10,205,082
90$16,644,288$0$0$11,130,223
91$18,158,223$0$0$12,146,081
92$19,820,791$0$0$13,261,795
93$21,646,970$0$0$14,487,431
94$23,653,259$0$0$15,834,080
95$25,857,835$0$0$17,313,958
96$28,280,725$0$0$18,940,525
97$30,943,990$0$0$20,728,608
98$33,871,934$0$0$22,694,546
99$37,091,336$0$0$24,856,334
100$40,631,698$0$0$27,233,804