Can I retire at age 35 with 588,000?

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 $588,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$48,556$48,124$47,702$47,290$46,888$46,437
2 years$24,038$23,590$23,156$22,736$22,328$21,873
3 years$15,866$15,416$14,984$14,567$14,166$13,722
4 years$11,781$11,333$10,904$10,495$10,103$9,674
5 years$9,331$8,885$8,462$8,061$7,680$7,266
6 years$7,697$7,255$6,839$6,446$6,077$5,679
7 years$6,531$6,093$5,683$5,300$4,942$4,560
8 years$5,657$5,223$4,820$4,446$4,100$3,734
9 years$4,978$4,547$4,151$3,787$3,453$3,103
10 years$4,434$4,008$3,619$3,264$2,942$2,608
11 years$3,990$3,568$3,186$2,841$2,530$2,212
12 years$3,620$3,203$2,828$2,492$2,193$1,889
13 years$3,308$2,894$2,526$2,200$1,912$1,624
14 years$3,040$2,631$2,270$1,953$1,676$1,402
15 years$2,808$2,403$2,049$1,742$1,476$1,216
16 years$2,605$2,205$1,858$1,559$1,304$1,058
17 years$2,426$2,031$1,691$1,401$1,156$923
18 years$2,268$1,877$1,543$1,263$1,028$808
19 years$2,126$1,739$1,413$1,141$917$708
20 years$1,998$1,616$1,297$1,033$819$622
21 years$1,883$1,505$1,193$938$733$548
22 years$1,779$1,405$1,099$853$657$483
23 years$1,683$1,314$1,015$777$589$426
24 years$1,596$1,231$939$708$530$376
25 years$1,516$1,156$869$647$477$333
26 years$1,442$1,086$806$591$429$294
27 years$1,374$1,022$749$541$387$261
28 years$1,311$963$696$496$349$231
29 years$1,252$909$648$455$315$205
30 years$1,197$858$603$417$285$182
31 years$1,146$811$563$383$258$161
32 years$1,098$768$525$352$233$143
33 years$1,053$727$490$324$211$127
34 years$1,011$689$458$298$191$113
35 years$971$653$428$274$173$100
36 years$934$620$400$253$157$89
37 years$899$589$375$233$142$79
38 years$865$560$351$215$129$70
39 years$834$532$329$198$117$63
40 years$804$506$308$183$106$56
41 years$776$482$289$168$96$50
42 years$749$459$271$155$87$44
43 years$723$437$254$143$79$39
44 years$699$417$239$132$72$35
45 years$675$398$224$122$65$31
46 years$653$379$211$113$59$28
47 years$632$362$198$104$54$25
48 years$612$346$186$96$49$22
49 years$593$330$175$89$44$19
50 years$574$315$164$82$40$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $588,000, adding $2,335 every year, while hoping to spend $23,526 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: 71/9/20 Blend
34$588,000$588,000$588,000$588,000
35$650,385$619,221$610,107$693,242
36$691,692$624,531$605,514$727,406
37$736,425$629,313$599,978$761,779
38$784,907$633,516$593,444$798,827
39$837,495$637,086$585,852$838,811
40$894,582$639,966$577,141$882,020
41$956,599$642,094$567,245$928,774
42$1,024,021$643,405$556,097$979,422
43$1,097,371$643,831$543,625$1,034,354
44$1,177,222$643,299$529,756$1,093,996
45$1,264,208$641,729$514,412$1,158,820
46$1,359,024$639,041$497,511$1,229,346
47$1,462,436$635,145$478,969$1,306,147
48$1,575,286$629,950$458,697$1,389,855
49$1,698,504$623,355$436,602$1,481,169
50$1,833,110$615,258$412,586$1,580,858
51$1,980,228$605,547$386,549$1,689,769
52$2,141,097$594,104$358,384$1,808,839
53$2,317,079$580,806$327,981$1,939,099
54$2,509,676$565,520$295,222$2,081,688
55$2,720,539$548,107$259,989$2,237,860
56$2,951,489$528,419$222,154$2,409,000
57$3,204,530$506,301$181,585$2,596,633
58$3,481,869$481,586$138,145$2,802,442
59$3,785,937$454,101$91,689$3,028,283
60$4,119,410$423,659$42,069$3,276,203
61$4,485,237$390,067$0$3,548,458
62$4,886,667$353,115$0$3,849,858
63$5,327,277$312,588$0$4,190,556
64$5,811,007$268,253$0$4,564,626
65$6,342,199$219,866$0$4,975,442
66$6,925,634$167,170$0$5,426,719
67$7,566,580$109,893$0$5,922,554
68$8,270,840$47,747$0$6,467,461
69$9,044,808$0$0$7,066,411
70$9,895,526$0$0$7,726,824
71$10,830,754$0$0$8,458,072
72$11,859,040$0$0$9,262,116
73$12,989,804$0$0$10,146,324
74$14,233,422$0$0$11,118,815
75$15,601,326$0$0$12,188,533
76$17,106,113$0$0$13,365,334
77$18,761,663$0$0$14,660,076
78$20,583,266$0$0$16,084,723
79$22,587,773$0$0$17,652,458
80$24,793,746$0$0$19,377,805
81$27,221,643$0$0$21,276,768
82$29,894,002$0$0$23,366,983
83$32,835,658$0$0$25,667,878
84$36,073,975$0$0$28,200,865
85$39,639,106$0$0$30,989,535
86$43,564,277$0$0$34,059,883
87$47,886,098$0$0$37,440,553
88$52,644,910$0$0$41,163,109
89$57,885,165$0$0$45,262,328
90$63,655,846$0$0$49,776,537
91$70,010,928$0$0$54,747,964
92$77,009,887$0$0$60,223,145
93$84,718,262$0$0$66,253,358
94$93,208,272$0$0$72,895,107
95$102,559,499$0$0$80,210,657
96$112,859,637$0$0$88,268,622
97$124,205,319$0$0$97,144,607
98$136,703,032$0$0$106,921,930
99$150,470,118$0$0$117,692,400
100$165,635,883$0$0$129,557,187