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%14.1%
1 years$48,391$47,960$47,540$47,129$46,728$45,935
2 years$23,956$23,510$23,078$22,658$22,252$21,455
3 years$15,812$15,364$14,933$14,517$14,117$13,342
4 years$11,741$11,294$10,867$10,459$10,069$9,321
5 years$9,299$8,855$8,433$8,033$7,654$6,936
6 years$7,671$7,231$6,815$6,424$6,056$5,368
7 years$6,509$6,072$5,664$5,282$4,925$4,268
8 years$5,638$5,205$4,803$4,431$4,086$3,459
9 years$4,961$4,532$4,137$3,774$3,441$2,844
10 years$4,419$3,995$3,607$3,253$2,932$2,364
11 years$3,977$3,556$3,175$2,831$2,522$1,982
12 years$3,608$3,192$2,818$2,483$2,185$1,674
13 years$3,296$2,885$2,518$2,193$1,906$1,422
14 years$3,029$2,622$2,262$1,946$1,670$1,213
15 years$2,798$2,395$2,042$1,736$1,471$1,039
16 years$2,596$2,198$1,852$1,554$1,300$893
17 years$2,418$2,024$1,685$1,396$1,153$770
18 years$2,260$1,870$1,538$1,258$1,025$665
19 years$2,119$1,733$1,408$1,137$913$575
20 years$1,992$1,611$1,292$1,030$816$499
21 years$1,877$1,500$1,189$935$730$433
22 years$1,773$1,400$1,096$850$654$376
23 years$1,678$1,310$1,012$774$587$328
24 years$1,591$1,227$936$706$528$285
25 years$1,511$1,152$866$645$475$249
26 years$1,437$1,082$804$589$428$217
27 years$1,369$1,019$746$540$386$189
28 years$1,306$960$694$494$348$165
29 years$1,247$905$646$453$314$144
30 years$1,193$855$601$416$284$126
31 years$1,142$808$561$382$257$110
32 years$1,094$765$523$351$232$97
33 years$1,049$724$488$323$210$84
34 years$1,007$687$456$297$190$74
35 years$968$651$427$274$172$65
36 years$931$618$399$252$156$57
37 years$896$587$374$232$142$50
38 years$862$558$350$214$128$43
39 years$831$530$328$197$116$38
40 years$801$505$307$182$106$33
41 years$773$480$288$168$96$29
42 years$746$458$270$155$87$26
43 years$721$436$254$143$79$22
44 years$696$416$238$132$72$20
45 years$673$396$223$122$65$17
46 years$651$378$210$113$59$15
47 years$630$361$197$104$54$13
48 years$610$344$185$96$49$12
49 years$591$329$174$89$44$10
50 years$572$314$164$82$40$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $586,000, adding $4,722 every year, while hoping to spend $42,862 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: 78/10/12 Blend
34$586,000$586,000$586,000$586,000
35$650,643$619,585$610,502$699,544
36$671,403$604,340$585,349$717,137
37$692,845$586,911$557,917$730,464
38$714,992$567,146$528,084$743,859
39$737,870$544,885$495,723$757,310
40$761,504$519,956$460,701$770,806
41$785,923$492,179$422,880$784,335
42$811,155$461,364$382,114$797,884
43$837,230$427,308$338,253$811,438
44$864,181$389,799$291,137$824,983
45$892,039$348,611$240,601$838,504
46$920,839$303,505$186,474$851,983
47$950,618$254,230$128,575$865,404
48$981,414$200,520$66,715$878,747
49$1,013,267$142,095$698$891,995
50$1,046,219$78,656$0$905,127
51$1,080,315$9,891$0$927,052
52$1,115,600$0$0$949,494
53$1,152,126$0$0$979,470
54$1,189,943$0$0$1,011,634
55$1,229,107$0$0$1,044,945
56$1,269,676$0$0$1,079,453
57$1,311,711$0$0$1,115,210
58$1,355,279$0$0$1,152,273
59$1,400,449$0$0$1,190,700
60$1,447,295$0$0$1,230,555
61$1,495,895$0$0$1,271,904
62$1,546,332$0$0$1,314,820
63$1,598,697$0$0$1,359,379
64$1,653,084$0$0$1,405,662
65$1,709,596$0$0$1,453,756
66$1,768,340$0$0$1,503,754
67$1,829,433$0$0$1,555,756
68$1,893,001$0$0$1,609,869
69$1,959,177$0$0$1,666,207
70$2,028,106$0$0$1,724,894
71$2,099,942$0$0$1,786,062
72$2,174,851$0$0$1,849,854
73$2,253,014$0$0$1,916,423
74$2,334,623$0$0$1,985,936
75$2,419,889$0$0$2,058,571
76$2,509,036$0$0$2,134,522
77$2,602,310$0$0$2,213,999
78$2,699,974$0$0$2,297,227
79$2,802,314$0$0$2,384,453
80$2,909,643$0$0$2,475,943
81$3,022,295$0$0$2,571,985
82$3,140,639$0$0$2,672,894
83$3,265,070$0$0$2,779,010
84$3,396,022$0$0$2,890,704
85$3,533,966$0$0$3,008,381
86$3,679,414$0$0$3,132,480
87$3,832,924$0$0$3,263,480
88$3,995,106$0$0$3,401,904
89$4,166,624$0$0$3,548,322
90$4,348,203$0$0$3,703,356
91$4,540,636$0$0$3,867,687
92$4,744,788$0$0$4,042,057
93$4,961,606$0$0$4,227,279
94$5,192,123$0$0$4,424,241
95$5,437,473$0$0$4,633,914
96$5,698,894$0$0$4,857,364
97$5,977,745$0$0$5,095,756
98$6,275,512$0$0$5,350,367
99$6,593,824$0$0$5,622,595
100$6,934,468$0$0$5,913,975