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%17.1%
1 years$48,144$47,715$47,296$46,888$46,489$45,146
2 years$23,833$23,390$22,959$22,542$22,138$20,795
3 years$15,731$15,285$14,856$14,443$14,045$12,745
4 years$11,681$11,236$10,812$10,405$10,017$8,770
5 years$9,251$8,809$8,390$7,992$7,615$6,423
6 years$7,632$7,194$6,781$6,392$6,025$4,891
7 years$6,476$6,041$5,635$5,255$4,900$3,823
8 years$5,609$5,178$4,779$4,408$4,065$3,045
9 years$4,935$4,509$4,116$3,755$3,423$2,458
10 years$4,397$3,974$3,588$3,237$2,917$2,006
11 years$3,956$3,538$3,159$2,817$2,509$1,651
12 years$3,590$3,176$2,804$2,471$2,174$1,367
13 years$3,279$2,870$2,505$2,181$1,896$1,138
14 years$3,014$2,609$2,251$1,936$1,662$951
15 years$2,784$2,383$2,032$1,727$1,463$798
16 years$2,583$2,186$1,842$1,546$1,293$671
17 years$2,406$2,013$1,676$1,389$1,147$566
18 years$2,248$1,861$1,530$1,252$1,020$478
19 years$2,108$1,724$1,401$1,131$909$405
20 years$1,981$1,602$1,286$1,025$812$343
21 years$1,867$1,493$1,183$930$726$291
22 years$1,764$1,393$1,090$845$651$247
23 years$1,669$1,303$1,006$770$584$210
24 years$1,583$1,221$931$702$525$179
25 years$1,503$1,146$862$641$473$152
26 years$1,430$1,077$800$586$426$130
27 years$1,362$1,013$742$537$384$110
28 years$1,299$955$690$492$346$94
29 years$1,241$901$642$451$313$80
30 years$1,187$851$598$414$283$68
31 years$1,136$804$558$380$256$58
32 years$1,089$761$520$349$231$50
33 years$1,044$721$486$321$209$42
34 years$1,002$683$454$296$189$36
35 years$963$648$424$272$172$31
36 years$926$615$397$251$155$26
37 years$891$584$372$231$141$23
38 years$858$555$348$213$128$19
39 years$827$528$326$196$116$16
40 years$797$502$306$181$105$14
41 years$769$478$287$167$95$12
42 years$742$455$269$154$86$10
43 years$717$434$252$142$78$9
44 years$693$413$237$131$71$7
45 years$670$394$222$121$65$6
46 years$648$376$209$112$59$5
47 years$627$359$196$104$53$5
48 years$607$343$184$96$48$4
49 years$588$327$173$88$44$3
50 years$569$313$163$82$40$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $583,000, adding $5,803 every year, while hoping to spend $37,909 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: 34/48/18 Blend
34$583,000$583,000$583,000$583,000
35$648,452$617,553$608,516$666,730
36$674,259$607,478$588,567$670,590
37$701,428$595,639$566,678$670,819
38$730,058$581,909$542,746$670,264
39$760,256$566,155$516,660$668,881
40$792,139$548,234$488,306$666,618
41$825,837$527,997$457,564$663,428
42$861,488$505,285$424,308$659,258
43$899,245$479,929$388,407$654,057
44$939,275$451,752$349,725$647,773
45$981,759$420,566$308,120$640,353
46$1,026,897$386,173$263,440$631,744
47$1,074,907$348,361$215,532$621,892
48$1,126,026$306,910$164,231$610,746
49$1,180,517$261,584$109,368$598,252
50$1,238,664$212,136$50,766$584,360
51$1,300,780$158,303$0$569,023
52$1,367,209$99,810$0$554,453
53$1,438,327$36,363$0$548,899
54$1,514,547$0$0$542,598
55$1,596,320$0$0$552,642
56$1,684,144$0$0$584,116
57$1,778,563$0$0$618,015
58$1,880,177$0$0$654,564
59$1,989,641$0$0$694,006
60$2,107,677$0$0$736,611
61$2,235,079$0$0$782,673
62$2,372,717$0$0$832,518
63$2,521,548$0$0$886,503
64$2,682,625$0$0$945,019
65$2,857,104$0$0$1,008,500
66$3,046,256$0$0$1,077,418
67$3,251,480$0$0$1,152,297
68$3,474,314$0$0$1,233,711
69$3,716,450$0$0$1,322,291
70$3,979,747$0$0$1,418,732
71$4,266,254$0$0$1,523,800
72$4,578,223$0$0$1,638,336
73$4,918,132$0$0$1,763,266
74$5,288,709$0$0$1,899,611
75$5,692,956$0$0$2,048,493
76$6,134,177$0$0$2,211,146
77$6,616,010$0$0$2,388,932
78$7,142,459$0$0$2,583,349
79$7,717,931$0$0$2,796,044
80$8,347,280$0$0$3,028,833
81$9,035,849$0$0$3,283,717
82$9,789,523$0$0$3,562,895
83$10,614,779$0$0$3,868,794
84$11,518,754$0$0$4,204,082
85$12,509,304$0$0$4,571,700
86$13,595,083$0$0$4,974,889
87$14,785,621$0$0$5,417,213
88$16,091,415$0$0$5,902,604
89$17,524,026$0$0$6,435,389
90$19,096,189$0$0$7,020,336
91$20,821,931$0$0$7,662,697
92$22,716,703$0$0$8,368,256
93$24,797,527$0$0$9,143,387
94$27,083,152$0$0$9,995,111
95$29,594,233$0$0$10,931,162
96$32,353,526$0$0$11,960,062
97$35,386,098$0$0$13,091,198
98$38,719,566$0$0$14,334,913
99$42,384,357$0$0$15,702,602
100$46,413,991$0$0$17,206,819