Can I retire at age 35 with 586,000?

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 $586,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$48,391$47,960$47,540$47,129$46,728$46,011
2 years$23,956$23,510$23,078$22,658$22,252$21,531
3 years$15,812$15,364$14,933$14,517$14,117$13,415
4 years$11,741$11,294$10,867$10,459$10,069$9,391
5 years$9,299$8,855$8,433$8,033$7,654$7,002
6 years$7,671$7,231$6,815$6,424$6,056$5,432
7 years$6,509$6,072$5,664$5,282$4,925$4,328
8 years$5,638$5,205$4,803$4,431$4,086$3,515
9 years$4,961$4,532$4,137$3,774$3,441$2,897
10 years$4,419$3,995$3,607$3,253$2,932$2,414
11 years$3,977$3,556$3,175$2,831$2,522$2,030
12 years$3,608$3,192$2,818$2,483$2,185$1,719
13 years$3,296$2,885$2,518$2,193$1,906$1,463
14 years$3,029$2,622$2,262$1,946$1,670$1,252
15 years$2,798$2,395$2,042$1,736$1,471$1,075
16 years$2,596$2,198$1,852$1,554$1,300$927
17 years$2,418$2,024$1,685$1,396$1,153$801
18 years$2,260$1,870$1,538$1,258$1,025$694
19 years$2,119$1,733$1,408$1,137$913$602
20 years$1,992$1,611$1,292$1,030$816$524
21 years$1,877$1,500$1,189$935$730$456
22 years$1,773$1,400$1,096$850$654$398
23 years$1,678$1,310$1,012$774$587$347
24 years$1,591$1,227$936$706$528$303
25 years$1,511$1,152$866$645$475$265
26 years$1,437$1,082$804$589$428$232
27 years$1,369$1,019$746$540$386$203
28 years$1,306$960$694$494$348$178
29 years$1,247$905$646$453$314$156
30 years$1,193$855$601$416$284$137
31 years$1,142$808$561$382$257$120
32 years$1,094$765$523$351$232$105
33 years$1,049$724$488$323$210$92
34 years$1,007$687$456$297$190$81
35 years$968$651$427$274$172$71
36 years$931$618$399$252$156$63
37 years$896$587$374$232$142$55
38 years$862$558$350$214$128$48
39 years$831$530$328$197$116$42
40 years$801$505$307$182$106$37
41 years$773$480$288$168$96$33
42 years$746$458$270$155$87$29
43 years$721$436$254$143$79$25
44 years$696$416$238$132$72$22
45 years$673$396$223$122$65$20
46 years$651$378$210$113$59$17
47 years$630$361$197$104$54$15
48 years$610$344$185$96$49$13
49 years$591$329$174$89$44$12
50 years$572$314$164$82$40$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $586,000, adding $6,611 every year, while hoping to spend $47,674 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: 71/22/7 Blend
34$586,000$586,000$586,000$586,000
35$652,591$621,533$612,450$697,762
36$668,431$601,264$582,243$708,215
37$684,288$578,403$549,425$713,109
38$700,115$552,774$513,860$717,145
39$715,856$524,189$475,404$720,228
40$731,448$492,450$433,905$722,251
41$746,823$457,346$389,208$723,100
42$761,900$418,657$341,147$722,650
43$776,590$376,148$289,551$720,766
44$790,793$329,570$234,242$717,298
45$804,397$278,662$175,033$712,085
46$817,276$223,147$111,727$704,951
47$829,290$162,733$44,122$695,704
48$840,282$97,112$0$684,136
49$850,077$25,957$0$672,110
50$858,480$0$0$660,938
51$865,274$0$0$659,433
52$870,216$0$0$662,746
53$873,037$0$0$664,383
54$873,440$0$0$664,109
55$871,091$0$0$661,663
56$865,622$0$0$656,758
57$856,624$0$0$649,071
58$843,644$0$0$638,248
59$826,178$0$0$623,895
60$803,670$0$0$605,575
61$775,503$0$0$582,805
62$740,994$0$0$555,049
63$699,385$0$0$521,715
64$649,841$0$0$482,148
65$591,436$0$0$435,622
66$523,146$0$0$381,336
67$443,839$0$0$318,403
68$352,264$0$0$245,843
69$247,037$0$0$162,573
70$126,630$0$0$67,398
71$0$0$0$0
72$0$0$0$0
73$0$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$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