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%18.3%
1 years$48,391$47,960$47,540$47,129$46,728$45,160
2 years$23,956$23,510$23,078$22,658$22,252$20,687
3 years$15,812$15,364$14,933$14,517$14,117$12,606
4 years$11,741$11,294$10,867$10,459$10,069$8,622
5 years$9,299$8,855$8,433$8,033$7,654$6,275
6 years$7,671$7,231$6,815$6,424$6,056$4,747
7 years$6,509$6,072$5,664$5,282$4,925$3,685
8 years$5,638$5,205$4,803$4,431$4,086$2,914
9 years$4,961$4,532$4,137$3,774$3,441$2,336
10 years$4,419$3,995$3,607$3,253$2,932$1,892
11 years$3,977$3,556$3,175$2,831$2,522$1,544
12 years$3,608$3,192$2,818$2,483$2,185$1,269
13 years$3,296$2,885$2,518$2,193$1,906$1,048
14 years$3,029$2,622$2,262$1,946$1,670$869
15 years$2,798$2,395$2,042$1,736$1,471$722
16 years$2,596$2,198$1,852$1,554$1,300$603
17 years$2,418$2,024$1,685$1,396$1,153$504
18 years$2,260$1,870$1,538$1,258$1,025$422
19 years$2,119$1,733$1,408$1,137$913$354
20 years$1,992$1,611$1,292$1,030$816$297
21 years$1,877$1,500$1,189$935$730$250
22 years$1,773$1,400$1,096$850$654$210
23 years$1,678$1,310$1,012$774$587$177
24 years$1,591$1,227$936$706$528$149
25 years$1,511$1,152$866$645$475$126
26 years$1,437$1,082$804$589$428$106
27 years$1,369$1,019$746$540$386$89
28 years$1,306$960$694$494$348$75
29 years$1,247$905$646$453$314$64
30 years$1,193$855$601$416$284$54
31 years$1,142$808$561$382$257$45
32 years$1,094$765$523$351$232$38
33 years$1,049$724$488$323$210$32
34 years$1,007$687$456$297$190$27
35 years$968$651$427$274$172$23
36 years$931$618$399$252$156$20
37 years$896$587$374$232$142$17
38 years$862$558$350$214$128$14
39 years$831$530$328$197$116$12
40 years$801$505$307$182$106$10
41 years$773$480$288$168$96$8
42 years$746$458$270$155$87$7
43 years$721$436$254$143$79$6
44 years$696$416$238$132$72$5
45 years$673$396$223$122$65$4
46 years$651$378$210$113$59$4
47 years$630$361$197$104$54$3
48 years$610$344$185$96$49$3
49 years$591$329$174$89$44$2
50 years$572$314$164$82$40$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $586,000, adding $3,153 every year, while hoping to spend $38,770 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: 53/42/5 Blend
34$586,000$586,000$586,000$586,000
35$649,024$617,966$608,883$682,549
36$673,974$606,996$588,030$694,606
37$700,169$594,188$565,179$703,181
38$727,695$579,413$540,221$711,561
39$756,647$562,531$513,045$719,734
40$787,125$543,395$483,533$727,688
41$819,242$521,851$451,561$735,414
42$853,117$497,734$417,001$742,903
43$888,882$470,870$379,717$750,149
44$926,680$441,075$339,570$757,148
45$966,669$408,155$296,413$763,896
46$1,009,019$371,904$250,092$770,397
47$1,053,916$332,105$200,448$776,655
48$1,101,565$288,528$147,313$782,680
49$1,152,190$240,931$90,512$788,486
50$1,206,033$189,056$29,865$794,093
51$1,263,362$132,634$0$799,529
52$1,324,470$71,378$0$806,687
53$1,389,677$4,986$0$815,573
54$1,459,333$0$0$824,657
55$1,533,823$0$0$864,915
56$1,613,569$0$0$910,517
57$1,699,032$0$0$959,428
58$1,790,721$0$0$1,011,943
59$1,889,191$0$0$1,068,386
60$1,995,053$0$0$1,129,113
61$2,108,978$0$0$1,194,514
62$2,231,702$0$0$1,265,018
63$2,364,034$0$0$1,341,097
64$2,506,861$0$0$1,423,268
65$2,661,159$0$0$1,512,100
66$2,828,003$0$0$1,608,218
67$3,008,569$0$0$1,712,309
68$3,204,155$0$0$1,825,129
69$3,416,185$0$0$1,947,509
70$3,646,226$0$0$2,080,363
71$3,896,001$0$0$2,224,695
72$4,167,405$0$0$2,381,612
73$4,462,525$0$0$2,552,328
74$4,783,653$0$0$2,738,184
75$5,133,314$0$0$2,940,650
76$5,514,284$0$0$3,161,348
77$5,929,621$0$0$3,402,061
78$6,382,687$0$0$3,664,752
79$6,877,186$0$0$3,951,580
80$7,417,194$0$0$4,264,926
81$8,007,196$0$0$4,607,407
82$8,652,131$0$0$4,981,906
83$9,357,438$0$0$5,391,597
84$10,129,105$0$0$5,839,975
85$10,973,724$0$0$6,330,888
86$11,898,554$0$0$6,868,574
87$12,911,591$0$0$7,457,700
88$14,021,638$0$0$8,103,405
89$15,238,392$0$0$8,811,351
90$16,572,530$0$0$9,587,771
91$18,035,815$0$0$10,439,533
92$19,641,201$0$0$11,374,199
93$21,402,957$0$0$12,400,101
94$23,336,800$0$0$13,526,415
95$25,460,044$0$0$14,763,251
96$27,791,760$0$0$16,121,744
97$30,352,956$0$0$17,614,162
98$33,166,777$0$0$19,254,018
99$36,258,720$0$0$21,056,201
100$39,656,871$0$0$23,037,111