Can I retire at age 35 with 583,000?

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 $583,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$48,144$47,715$47,296$46,888$46,489$45,588
2 years$23,833$23,390$22,959$22,542$22,138$21,233
3 years$15,731$15,285$14,856$14,443$14,045$13,166
4 years$11,681$11,236$10,812$10,405$10,017$9,170
5 years$9,251$8,809$8,390$7,992$7,615$6,802
6 years$7,632$7,194$6,781$6,392$6,025$5,247
7 years$6,476$6,041$5,635$5,255$4,900$4,158
8 years$5,609$5,178$4,779$4,408$4,065$3,358
9 years$4,935$4,509$4,116$3,755$3,423$2,751
10 years$4,397$3,974$3,588$3,237$2,917$2,278
11 years$3,956$3,538$3,159$2,817$2,509$1,903
12 years$3,590$3,176$2,804$2,471$2,174$1,601
13 years$3,279$2,870$2,505$2,181$1,896$1,355
14 years$3,014$2,609$2,251$1,936$1,662$1,151
15 years$2,784$2,383$2,032$1,727$1,463$982
16 years$2,583$2,186$1,842$1,546$1,293$840
17 years$2,406$2,013$1,676$1,389$1,147$721
18 years$2,248$1,861$1,530$1,252$1,020$620
19 years$2,108$1,724$1,401$1,131$909$534
20 years$1,981$1,602$1,286$1,025$812$461
21 years$1,867$1,493$1,183$930$726$398
22 years$1,764$1,393$1,090$845$651$345
23 years$1,669$1,303$1,006$770$584$299
24 years$1,583$1,221$931$702$525$259
25 years$1,503$1,146$862$641$473$225
26 years$1,430$1,077$800$586$426$195
27 years$1,362$1,013$742$537$384$169
28 years$1,299$955$690$492$346$147
29 years$1,241$901$642$451$313$128
30 years$1,187$851$598$414$283$111
31 years$1,136$804$558$380$256$97
32 years$1,089$761$520$349$231$84
33 years$1,044$721$486$321$209$73
34 years$1,002$683$454$296$189$64
35 years$963$648$424$272$172$56
36 years$926$615$397$251$155$48
37 years$891$584$372$231$141$42
38 years$858$555$348$213$128$37
39 years$827$528$326$196$116$32
40 years$797$502$306$181$105$28
41 years$769$478$287$167$95$24
42 years$742$455$269$154$86$21
43 years$717$434$252$142$78$18
44 years$693$413$237$131$71$16
45 years$670$394$222$121$65$14
46 years$648$376$209$112$59$12
47 years$627$359$196$104$53$11
48 years$607$343$184$96$48$9
49 years$588$327$173$88$44$8
50 years$569$313$163$82$40$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $583,000, adding $6,739 every year, while hoping to spend $36,862 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: 37/49/14 Blend
34$583,000$583,000$583,000$583,000
35$649,417$618,518$609,482$670,442
36$676,437$609,605$590,679$677,224
37$704,977$599,019$570,010$680,512
38$735,154$586,640$547,375$683,263
39$767,095$572,340$522,666$685,448
40$800,937$555,984$495,775$687,039
41$836,833$537,427$466,583$688,006
42$874,947$516,519$434,971$688,322
43$915,461$493,098$400,812$687,959
44$958,573$466,994$363,974$686,891
45$1,004,498$438,027$324,318$685,095
46$1,053,475$406,009$281,700$682,549
47$1,105,762$370,736$235,970$679,233
48$1,161,645$331,997$186,971$675,133
49$1,221,436$289,568$134,537$670,235
50$1,285,476$243,211$78,498$664,533
51$1,354,142$192,675$18,674$658,026
52$1,427,843$137,695$0$650,717
53$1,507,033$77,992$0$649,367
54$1,592,208$13,271$0$650,665
55$1,683,911$0$0$651,879
56$1,782,740$0$0$683,701
57$1,889,353$0$0$725,811
58$2,004,471$0$0$771,346
59$2,128,887$0$0$820,628
60$2,263,471$0$0$874,010
61$2,409,183$0$0$931,882
62$2,567,075$0$0$994,672
63$2,738,304$0$0$1,062,850
64$2,924,145$0$0$1,136,934
65$3,125,997$0$0$1,217,494
66$3,345,401$0$0$1,305,155
67$3,584,052$0$0$1,400,607
68$3,843,813$0$0$1,504,609
69$4,126,738$0$0$1,617,994
70$4,435,082$0$0$1,741,682
71$4,771,332$0$0$1,876,684
72$5,138,221$0$0$2,024,113
73$5,538,759$0$0$2,185,194
74$5,976,260$0$0$2,361,275
75$6,454,371$0$0$2,553,843
76$6,977,109$0$0$2,764,531
77$7,548,894$0$0$2,995,140
78$8,174,594$0$0$3,247,654
79$8,859,572$0$0$3,524,255
80$9,609,728$0$0$3,827,347
81$10,431,565$0$0$4,159,579
82$11,332,241$0$0$4,523,866
83$12,319,641$0$0$4,923,421
84$13,402,448$0$0$5,361,782
85$14,590,227$0$0$5,842,844
86$15,893,512$0$0$6,370,901
87$17,323,908$0$0$6,950,681
88$18,894,195$0$0$7,587,391
89$20,618,454$0$0$8,286,770
90$22,512,195$0$0$9,055,138
91$24,592,503$0$0$9,899,457
92$26,878,200$0$0$10,827,398
93$29,390,022$0$0$11,847,413
94$32,150,813$0$0$12,968,812
95$35,185,739$0$0$14,201,851
96$38,522,527$0$0$15,557,833
97$42,191,725$0$0$17,049,207
98$46,226,987$0$0$18,689,692
99$50,665,396$0$0$20,494,404
100$55,547,804$0$0$22,479,994