Can I retire at age 35 with 493,000?

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 $493,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$40,711$40,349$39,995$39,650$39,313$37,798
2 years$20,154$19,779$19,415$19,062$18,720$17,212
3 years$13,303$12,926$12,563$12,213$11,877$10,423
4 years$9,878$9,502$9,143$8,799$8,471$7,082
5 years$7,823$7,449$7,095$6,759$6,439$5,119
6 years$6,454$6,083$5,734$5,405$5,095$3,845
7 years$5,476$5,109$4,765$4,444$4,144$2,963
8 years$4,743$4,379$4,041$3,728$3,438$2,325
9 years$4,174$3,813$3,480$3,175$2,895$1,849
10 years$3,718$3,361$3,034$2,737$2,467$1,485
11 years$3,346$2,992$2,671$2,382$2,121$1,202
12 years$3,035$2,685$2,371$2,089$1,838$979
13 years$2,773$2,427$2,118$1,845$1,603$801
14 years$2,549$2,206$1,903$1,637$1,405$658
15 years$2,354$2,015$1,718$1,460$1,237$543
16 years$2,184$1,849$1,558$1,308$1,094$448
17 years$2,034$1,703$1,418$1,175$970$371
18 years$1,901$1,573$1,294$1,059$862$308
19 years$1,782$1,458$1,185$957$768$256
20 years$1,676$1,355$1,087$866$686$213
21 years$1,579$1,262$1,000$786$614$177
22 years$1,491$1,178$922$715$551$147
23 years$1,411$1,102$851$651$494$123
24 years$1,338$1,032$787$594$444$102
25 years$1,271$969$729$542$400$85
26 years$1,209$911$676$496$360$71
27 years$1,152$857$628$454$325$59
28 years$1,099$808$584$416$293$50
29 years$1,049$762$543$381$264$41
30 years$1,004$719$506$350$239$35
31 years$961$680$472$321$216$29
32 years$921$644$440$295$195$24
33 years$883$609$411$272$177$20
34 years$848$578$384$250$160$17
35 years$814$548$359$230$145$14
36 years$783$520$336$212$131$12
37 years$753$494$314$195$119$10
38 years$726$469$294$180$108$8
39 years$699$446$276$166$98$7
40 years$674$425$258$153$89$6
41 years$650$404$242$141$81$5
42 years$628$385$227$130$73$4
43 years$606$367$213$120$66$3
44 years$586$350$200$111$60$3
45 years$566$333$188$103$55$2
46 years$548$318$177$95$50$2
47 years$530$303$166$88$45$2
48 years$513$290$156$81$41$1
49 years$497$277$147$75$37$1
50 years$481$264$138$69$34$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $493,000, adding $2,419 every year, while hoping to spend $33,760 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: 51/43/6 Blend
34$493,000$493,000$493,000$493,000
35$545,781$519,652$512,011$572,702
36$565,531$509,195$493,243$580,806
37$586,163$497,093$472,714$585,755
38$607,732$483,232$450,331$590,324
39$630,298$467,487$425,995$594,486
40$653,924$449,730$399,601$598,211
41$678,678$429,821$371,042$601,468
42$704,637$407,615$340,205$604,228
43$731,880$382,958$306,972$606,459
44$760,496$355,688$271,219$608,129
45$790,580$325,630$232,819$609,207
46$822,238$292,605$191,637$609,661
47$855,582$256,418$147,533$609,459
48$890,735$216,866$100,359$608,570
49$927,832$173,735$49,963$606,962
50$967,020$126,797$0$604,607
51$1,008,458$75,812$0$601,719
52$1,052,322$20,527$0$601,457
53$1,098,800$0$0$600,606
54$1,148,103$0$0$617,763
55$1,200,457$0$0$646,321
56$1,256,111$0$0$676,706
57$1,315,339$0$0$709,071
58$1,378,437$0$0$743,583
59$1,445,732$0$0$780,424
60$1,517,583$0$0$819,795
61$1,594,381$0$0$861,913
62$1,676,555$0$0$907,021
63$1,764,576$0$0$955,381
64$1,858,962$0$0$1,007,282
65$1,960,279$0$0$1,063,043
66$2,069,148$0$0$1,123,012
67$2,186,253$0$0$1,187,571
68$2,312,344$0$0$1,257,140
69$2,448,243$0$0$1,332,181
70$2,594,855$0$0$1,413,201
71$2,753,174$0$0$1,500,757
72$2,924,291$0$0$1,595,461
73$3,109,406$0$0$1,697,986
74$3,309,838$0$0$1,809,071
75$3,527,038$0$0$1,929,531
76$3,762,599$0$0$2,060,260
77$4,018,275$0$0$2,202,242
78$4,295,995$0$0$2,356,558
79$4,597,879$0$0$2,524,401
80$4,926,263$0$0$2,707,078
81$5,283,712$0$0$2,906,032
82$5,673,053$0$0$3,122,848
83$6,097,394$0$0$3,359,272
84$6,560,157$0$0$3,617,226
85$7,065,108$0$0$3,898,822
86$7,616,392$0$0$4,206,390
87$8,218,573$0$0$4,542,491
88$8,876,673$0$0$4,909,946
89$9,596,223$0$0$5,311,862
90$10,383,312$0$0$5,751,657
91$11,244,646$0$0$6,233,099
92$12,187,605$0$0$6,760,332
93$13,220,321$0$0$7,337,925
94$14,351,745$0$0$7,970,905
95$15,591,738$0$0$8,664,811
96$16,951,158$0$0$9,425,743
97$18,441,963$0$0$10,260,420
98$20,077,328$0$0$11,176,241
99$21,871,759$0$0$12,181,357
100$23,841,239$0$0$13,284,748