Can I retire at age 35 with 587,000?

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 $587,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$48,474$48,042$47,621$47,210$46,808$46,204
2 years$23,997$23,550$23,117$22,697$22,290$21,682
3 years$15,839$15,390$14,958$14,542$14,141$13,549
4 years$11,761$11,313$10,886$10,477$10,086$9,513
5 years$9,315$8,870$8,448$8,047$7,667$7,116
6 years$7,684$7,243$6,827$6,435$6,067$5,538
7 years$6,520$6,083$5,673$5,291$4,934$4,427
8 years$5,648$5,214$4,811$4,438$4,093$3,609
9 years$4,969$4,540$4,144$3,781$3,447$2,985
10 years$4,427$4,001$3,613$3,259$2,937$2,496
11 years$3,983$3,562$3,181$2,836$2,526$2,106
12 years$3,614$3,197$2,823$2,488$2,189$1,790
13 years$3,302$2,889$2,522$2,196$1,909$1,531
14 years$3,035$2,626$2,266$1,950$1,673$1,315
15 years$2,803$2,399$2,046$1,739$1,473$1,134
16 years$2,601$2,201$1,855$1,557$1,302$981
17 years$2,422$2,027$1,688$1,399$1,154$852
18 years$2,264$1,873$1,541$1,261$1,027$741
19 years$2,122$1,736$1,411$1,139$915$646
20 years$1,995$1,613$1,295$1,032$817$564
21 years$1,880$1,503$1,191$936$731$493
22 years$1,776$1,403$1,097$851$656$432
23 years$1,680$1,312$1,013$775$588$379
24 years$1,593$1,229$937$707$529$333
25 years$1,513$1,154$868$646$476$292
26 years$1,440$1,084$805$590$429$257
27 years$1,371$1,020$748$540$387$226
28 years$1,308$961$695$495$349$199
29 years$1,250$907$647$454$315$175
30 years$1,195$857$602$417$285$155
31 years$1,144$810$562$383$257$136
32 years$1,096$766$524$352$233$120
33 years$1,051$726$489$323$211$106
34 years$1,009$688$457$298$191$94
35 years$970$652$427$274$173$83
36 years$932$619$400$252$156$73
37 years$897$588$374$232$142$64
38 years$864$559$350$214$129$57
39 years$832$531$328$198$117$50
40 years$803$506$308$182$106$44
41 years$774$481$289$168$96$39
42 years$747$458$271$155$87$35
43 years$722$437$254$143$79$31
44 years$697$416$238$132$72$27
45 years$674$397$224$122$65$24
46 years$652$379$210$113$59$21
47 years$631$361$198$104$54$19
48 years$611$345$186$96$49$16
49 years$592$329$174$89$44$15
50 years$573$315$164$82$40$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $587,000, adding $5,835 every year, while hoping to spend $36,706 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: 40/35/25 Blend
34$587,000$587,000$587,000$587,000
35$652,893$621,782$612,683$673,985
36$680,433$613,194$594,153$681,174
37$709,552$602,956$573,772$685,066
38$740,372$590,946$551,440$688,556
39$773,027$577,040$527,050$691,630
40$807,663$561,101$500,493$694,273
41$844,438$542,989$471,653$696,475
42$883,528$522,553$440,411$698,226
43$925,124$499,634$406,640$699,519
44$969,434$474,063$370,210$700,351
45$1,016,686$445,663$330,982$700,722
46$1,067,132$414,244$288,814$700,636
47$1,121,046$379,609$243,556$700,103
48$1,178,729$341,546$195,051$699,137
49$1,240,511$299,833$143,137$697,760
50$1,306,753$254,234$87,642$696,002
51$1,377,853$204,503$28,389$693,900
52$1,454,246$150,375$0$691,503
53$1,536,410$91,575$0$698,164
54$1,624,871$27,809$0$713,345
55$1,720,205$0$0$729,607
56$1,823,045$0$0$762,989
57$1,934,087$0$0$810,657
58$2,054,096$0$0$862,237
59$2,183,912$0$0$918,099
60$2,324,459$0$0$978,648
61$2,476,752$0$0$1,044,331
62$2,641,907$0$0$1,115,638
63$2,821,153$0$0$1,193,108
64$3,015,840$0$0$1,277,337
65$3,227,453$0$0$1,368,977
66$3,457,626$0$0$1,468,746
67$3,708,158$0$0$1,577,436
68$3,981,026$0$0$1,695,917
69$4,278,409$0$0$1,825,147
70$4,602,700$0$0$1,966,180
71$4,956,538$0$0$2,120,177
72$5,342,825$0$0$2,288,416
73$5,764,755$0$0$2,472,302
74$6,225,847$0$0$2,673,384
75$6,729,973$0$0$2,893,367
76$7,281,396$0$0$3,134,128
77$7,884,810$0$0$3,397,734
78$8,545,385$0$0$3,686,462
79$9,268,813$0$0$4,002,818
80$10,061,362$0$0$4,349,564
81$10,929,936$0$0$4,729,738
82$11,882,137$0$0$5,146,691
83$12,926,339$0$0$5,604,110
84$14,071,765$0$0$6,106,058
85$15,328,572$0$0$6,657,011
86$16,707,951$0$0$7,261,897
87$18,222,227$0$0$7,926,146
88$19,884,975$0$0$8,655,740
89$21,711,153$0$0$9,457,267
90$23,717,235$0$0$10,337,989
91$25,921,370$0$0$11,305,900
92$28,343,555$0$0$12,369,811
93$31,005,815$0$0$13,539,429
94$33,932,420$0$0$14,825,446
95$37,150,105$0$0$16,239,644
96$40,688,325$0$0$17,795,004
97$44,579,535$0$0$19,505,827
98$48,859,490$0$0$21,387,868
99$53,567,584$0$0$23,458,491
100$58,747,224$0$0$25,736,822