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%17.9%
1 years$48,556$48,124$47,702$47,290$46,888$45,387
2 years$24,038$23,590$23,156$22,736$22,328$20,829
3 years$15,866$15,416$14,984$14,567$14,166$12,717
4 years$11,781$11,333$10,904$10,495$10,103$8,715
5 years$9,331$8,885$8,462$8,061$7,680$6,357
6 years$7,697$7,255$6,839$6,446$6,077$4,819
7 years$6,531$6,093$5,683$5,300$4,942$3,750
8 years$5,657$5,223$4,820$4,446$4,100$2,972
9 years$4,978$4,547$4,151$3,787$3,453$2,388
10 years$4,434$4,008$3,619$3,264$2,942$1,939
11 years$3,990$3,568$3,186$2,841$2,530$1,587
12 years$3,620$3,203$2,828$2,492$2,193$1,307
13 years$3,308$2,894$2,526$2,200$1,912$1,083
14 years$3,040$2,631$2,270$1,953$1,676$900
15 years$2,808$2,403$2,049$1,742$1,476$751
16 years$2,605$2,205$1,858$1,559$1,304$628
17 years$2,426$2,031$1,691$1,401$1,156$526
18 years$2,268$1,877$1,543$1,263$1,028$442
19 years$2,126$1,739$1,413$1,141$917$372
20 years$1,998$1,616$1,297$1,033$819$313
21 years$1,883$1,505$1,193$938$733$264
22 years$1,779$1,405$1,099$853$657$223
23 years$1,683$1,314$1,015$777$589$188
24 years$1,596$1,231$939$708$530$159
25 years$1,516$1,156$869$647$477$135
26 years$1,442$1,086$806$591$429$114
27 years$1,374$1,022$749$541$387$96
28 years$1,311$963$696$496$349$82
29 years$1,252$909$648$455$315$69
30 years$1,197$858$603$417$285$59
31 years$1,146$811$563$383$258$50
32 years$1,098$768$525$352$233$42
33 years$1,053$727$490$324$211$36
34 years$1,011$689$458$298$191$30
35 years$971$653$428$274$173$26
36 years$934$620$400$253$157$22
37 years$899$589$375$233$142$18
38 years$865$560$351$215$129$16
39 years$834$532$329$198$117$13
40 years$804$506$308$183$106$11
41 years$776$482$289$168$96$10
42 years$749$459$271$155$87$8
43 years$723$437$254$143$79$7
44 years$699$417$239$132$72$6
45 years$675$398$224$122$65$5
46 years$653$379$211$113$59$4
47 years$632$362$198$104$54$4
48 years$612$346$186$96$49$3
49 years$593$330$175$89$44$3
50 years$574$315$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 $588,000, adding $3,534 every year, while hoping to spend $39,954 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: 74/12/14 Blend
34$588,000$588,000$588,000$588,000
35$651,621$620,457$611,343$697,629
36$675,576$608,349$589,313$716,423
37$700,635$594,308$565,205$731,718
38$726,869$578,198$538,908$747,397
39$754,353$559,874$510,305$763,488
40$783,172$539,182$479,275$780,021
41$813,414$515,961$445,689$797,030
42$845,177$490,038$409,415$814,555
43$878,567$461,231$370,312$832,639
44$913,698$429,350$328,236$851,330
45$950,698$394,190$283,033$870,683
46$989,700$355,537$234,547$890,760
47$1,030,855$313,164$182,609$911,630
48$1,074,325$266,831$127,049$933,369
49$1,120,285$216,285$67,684$956,064
50$1,168,929$161,258$4,327$979,811
51$1,220,468$101,468$0$1,004,718
52$1,275,132$36,615$0$1,040,359
53$1,333,171$0$0$1,078,720
54$1,394,862$0$0$1,123,774
55$1,460,506$0$0$1,176,873
56$1,530,431$0$0$1,233,450
57$1,604,998$0$0$1,293,799
58$1,684,603$0$0$1,358,241
59$1,769,678$0$0$1,427,129
60$1,860,698$0$0$1,500,850
61$1,958,183$0$0$1,579,827
62$2,062,704$0$0$1,664,525
63$2,174,887$0$0$1,755,455
64$2,295,419$0$0$1,853,175
65$2,425,054$0$0$1,958,301
66$2,564,621$0$0$2,071,508
67$2,715,027$0$0$2,193,535
68$2,877,273$0$0$2,325,197
69$3,052,455$0$0$2,467,388
70$3,241,780$0$0$2,621,090
71$3,446,571$0$0$2,787,384
72$3,668,287$0$0$2,967,457
73$3,908,528$0$0$3,162,614
74$4,169,054$0$0$3,374,290
75$4,451,803$0$0$3,604,063
76$4,758,903$0$0$3,853,669
77$5,092,698$0$0$4,125,018
78$5,455,764$0$0$4,420,210
79$5,850,937$0$0$4,741,556
80$6,281,336$0$0$5,091,600
81$6,750,394$0$0$5,473,140
82$7,261,889$0$0$5,889,257
83$7,819,980$0$0$6,343,340
84$8,429,244$0$0$6,839,121
85$9,094,718$0$0$7,380,707
86$9,821,951$0$0$7,972,621
87$10,617,047$0$0$8,619,841
88$11,486,731$0$0$9,327,850
89$12,438,405$0$0$10,102,682
90$13,480,221$0$0$10,950,983
91$14,621,155$0$0$11,880,073
92$15,871,091$0$0$12,898,011
93$17,240,917$0$0$14,013,672
94$18,742,620$0$0$15,236,834
95$20,389,405$0$0$16,578,261
96$22,195,816$0$0$18,049,813
97$24,177,872$0$0$19,664,551
98$26,353,217$0$0$21,436,863
99$28,741,287$0$0$23,382,596
100$31,363,492$0$0$25,519,208