Can I retire at age 35 with 589,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $589,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$48,639$48,206$47,783$47,371$46,968$45,537
2 years$24,079$23,630$23,196$22,774$22,366$20,937
3 years$15,893$15,443$15,009$14,592$14,190$12,807
4 years$11,801$11,352$10,923$10,513$10,120$8,795
5 years$9,346$8,900$8,477$8,075$7,693$6,428
6 years$7,711$7,268$6,850$6,457$6,087$4,884
7 years$6,543$6,103$5,693$5,309$4,951$3,809
8 years$5,667$5,232$4,828$4,454$4,107$3,026
9 years$4,986$4,555$4,158$3,793$3,459$2,438
10 years$4,442$4,015$3,625$3,270$2,947$1,984
11 years$3,997$3,574$3,192$2,846$2,535$1,628
12 years$3,627$3,208$2,832$2,496$2,196$1,345
13 years$3,313$2,899$2,531$2,204$1,915$1,116
14 years$3,045$2,635$2,274$1,956$1,679$931
15 years$2,813$2,407$2,053$1,745$1,478$779
16 years$2,609$2,209$1,861$1,562$1,306$653
17 years$2,430$2,034$1,694$1,404$1,158$549
18 years$2,272$1,880$1,546$1,265$1,030$463
19 years$2,130$1,742$1,415$1,143$918$390
20 years$2,002$1,619$1,299$1,035$820$330
21 years$1,886$1,508$1,195$939$734$279
22 years$1,782$1,408$1,101$854$658$236
23 years$1,686$1,316$1,017$778$590$200
24 years$1,599$1,233$940$710$531$170
25 years$1,519$1,158$871$648$478$144
26 years$1,445$1,088$808$592$430$122
27 years$1,376$1,024$750$542$388$104
28 years$1,313$965$697$497$350$88
29 years$1,254$910$649$456$316$75
30 years$1,199$860$604$418$286$64
31 years$1,148$813$563$384$258$54
32 years$1,100$769$526$353$234$46
33 years$1,055$728$491$325$211$39
34 years$1,013$690$459$299$191$33
35 years$973$655$429$275$173$28
36 years$935$621$401$253$157$24
37 years$900$590$375$233$142$20
38 years$867$561$352$215$129$17
39 years$835$533$329$198$117$15
40 years$805$507$309$183$106$13
41 years$777$483$290$169$96$11
42 years$750$460$272$156$87$9
43 years$724$438$255$144$79$8
44 years$700$418$239$133$72$7
45 years$677$398$225$123$65$6
46 years$654$380$211$113$59$5
47 years$633$363$198$105$54$4
48 years$613$346$186$97$49$3
49 years$594$331$175$89$44$3
50 years$575$316$165$83$40$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $589,000, adding $4,786 every year, while hoping to spend $31,456 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: 64/12/24 Blend
34$589,000$589,000$589,000$589,000
35$654,015$622,798$613,668$691,485
36$687,255$619,846$600,757$714,396
37$722,832$615,695$586,359$735,478
38$760,950$610,254$570,392$757,802
39$801,835$603,424$552,767$781,495
40$845,733$595,102$533,396$806,694
41$892,914$585,179$512,181$833,554
42$943,677$573,538$489,025$862,244
43$998,348$560,058$463,824$892,955
44$1,057,286$544,607$436,468$925,896
45$1,120,884$527,047$406,844$961,300
46$1,189,575$507,234$374,835$999,423
47$1,263,836$485,012$340,315$1,040,552
48$1,344,188$460,218$303,157$1,085,002
49$1,431,206$432,680$263,223$1,133,123
50$1,525,522$402,214$220,375$1,185,305
51$1,627,831$368,629$174,463$1,241,974
52$1,738,897$331,718$125,334$1,303,608
53$1,859,559$291,268$72,828$1,370,730
54$1,990,744$247,049$16,777$1,443,924
55$2,133,466$198,821$0$1,523,833
56$2,288,846$146,329$0$1,622,190
57$2,458,114$89,305$0$1,734,062
58$2,642,625$27,465$0$1,856,068
59$2,843,871$0$0$1,989,222
60$3,063,492$0$0$2,139,856
61$3,303,295$0$0$2,308,330
62$3,565,269$0$0$2,492,420
63$3,851,603$0$0$2,693,670
64$4,164,708$0$0$2,913,778
65$4,507,236$0$0$3,154,617
66$4,882,111$0$0$3,418,245
67$5,292,550$0$0$3,706,931
68$5,742,097$0$0$4,023,175
69$6,234,653$0$0$4,369,726
70$6,774,516$0$0$4,749,616
71$7,366,418$0$0$5,166,181
72$8,015,573$0$0$5,623,097
73$8,727,722$0$0$6,124,413
74$9,509,189$0$0$6,674,587
75$10,366,939$0$0$7,278,531
76$11,308,646$0$0$7,941,657
77$12,342,762$0$0$8,669,924
78$13,478,598$0$0$9,469,898
79$14,726,410$0$0$10,348,812
80$16,097,499$0$0$11,314,634
81$17,604,312$0$0$12,376,143
82$19,260,564$0$0$13,543,010
83$21,081,362$0$0$14,825,889
84$23,083,353$0$0$16,236,518
85$25,284,875$0$0$17,787,831
86$27,706,134$0$0$19,494,076
87$30,369,390$0$0$21,370,952
88$33,299,171$0$0$23,435,757
89$36,522,501$0$0$25,707,548
90$40,069,155$0$0$28,207,325
91$43,971,941$0$0$30,958,223
92$48,267,007$0$0$33,985,737
93$52,994,182$0$0$37,317,954
94$58,197,353$0$0$40,985,826
95$63,924,877$0$0$45,023,457
96$70,230,038$0$0$49,468,424
97$77,171,546$0$0$54,362,134
98$84,814,097$0$0$59,750,212
99$93,228,977$0$0$65,682,932
100$102,494,735$0$0$72,215,694