Can I retire at age 35 with 590,000?

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 $590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$48,722$48,288$47,864$47,451$47,047$45,725
2 years$24,120$23,670$23,235$22,813$22,404$21,081
3 years$15,920$15,469$15,035$14,616$14,214$12,933
4 years$11,821$11,371$10,941$10,530$10,137$8,908
5 years$9,362$8,915$8,491$8,088$7,706$6,532
6 years$7,724$7,280$6,862$6,468$6,098$4,979
7 years$6,554$6,114$5,702$5,318$4,959$3,896
8 years$5,677$5,241$4,836$4,461$4,114$3,107
9 years$4,995$4,563$4,165$3,800$3,465$2,511
10 years$4,450$4,022$3,631$3,276$2,952$2,052
11 years$4,004$3,580$3,197$2,851$2,539$1,690
12 years$3,633$3,214$2,837$2,500$2,200$1,402
13 years$3,319$2,904$2,535$2,208$1,919$1,168
14 years$3,050$2,640$2,278$1,960$1,682$978
15 years$2,817$2,412$2,056$1,748$1,481$822
16 years$2,614$2,213$1,864$1,565$1,309$692
17 years$2,435$2,038$1,697$1,406$1,160$585
18 years$2,275$1,883$1,549$1,267$1,032$495
19 years$2,133$1,745$1,418$1,145$920$419
20 years$2,005$1,622$1,301$1,037$821$356
21 years$1,890$1,510$1,197$941$735$302
22 years$1,785$1,410$1,103$856$659$257
23 years$1,689$1,319$1,018$779$591$219
24 years$1,602$1,236$942$711$532$187
25 years$1,521$1,159$872$649$478$159
26 years$1,447$1,090$809$593$431$136
27 years$1,378$1,026$751$543$389$116
28 years$1,315$966$698$498$351$99
29 years$1,256$912$650$456$317$84
30 years$1,201$861$605$419$286$72
31 years$1,150$814$564$385$259$62
32 years$1,102$770$527$354$234$53
33 years$1,057$729$492$325$212$45
34 years$1,014$691$459$299$192$38
35 years$975$656$430$275$174$33
36 years$937$622$402$254$157$28
37 years$902$591$376$234$143$24
38 years$868$562$352$215$129$21
39 years$837$534$330$199$117$18
40 years$807$508$309$183$106$15
41 years$778$484$290$169$96$13
42 years$751$461$272$156$88$11
43 years$725$439$255$144$79$9
44 years$701$418$240$133$72$8
45 years$678$399$225$123$65$7
46 years$655$381$211$113$59$6
47 years$634$363$199$105$54$5
48 years$614$347$187$97$49$4
49 years$595$331$175$89$45$4
50 years$576$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 $590,000, adding $3,031 every year, while hoping to spend $38,122 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: 79/6/15 Blend
34$590,000$590,000$590,000$590,000
35$653,306$622,036$612,891$702,643
36$679,382$611,955$592,862$725,473
37$706,840$600,101$570,883$745,337
38$735,781$586,349$546,851$766,058
39$766,314$570,564$520,654$787,705
40$798,559$552,602$492,177$810,356
41$832,646$532,315$461,300$834,096
42$868,719$509,541$427,896$859,021
43$906,932$484,112$391,834$885,233
44$947,455$455,850$352,977$912,850
45$990,474$424,565$311,180$941,998
46$1,036,193$390,058$266,294$972,818
47$1,084,832$352,119$218,162$1,005,467
48$1,136,635$310,523$166,621$1,040,117
49$1,191,868$265,035$111,499$1,076,958
50$1,250,823$215,406$52,619$1,116,200
51$1,313,818$161,372$0$1,158,077
52$1,381,205$102,657$0$1,204,482
53$1,453,367$38,966$0$1,263,156
54$1,530,724$0$0$1,326,017
55$1,613,739$0$0$1,395,426
56$1,702,918$0$0$1,472,766
57$1,798,818$0$0$1,555,947
58$1,902,049$0$0$1,645,500
59$2,013,282$0$0$1,742,010
60$2,133,253$0$0$1,846,117
61$2,262,771$0$0$1,958,525
62$2,402,726$0$0$2,080,008
63$2,554,094$0$0$2,211,416
64$2,717,951$0$0$2,353,684
65$2,895,476$0$0$2,507,839
66$3,087,967$0$0$2,675,012
67$3,296,853$0$0$2,856,445
68$3,523,704$0$0$3,053,504
69$3,770,247$0$0$3,267,693
70$4,038,381$0$0$3,500,665
71$4,330,197$0$0$3,754,240
72$4,647,996$0$0$4,030,420
73$4,994,308$0$0$4,331,407
74$5,371,918$0$0$4,659,626
75$5,783,893$0$0$5,017,745
76$6,233,606$0$0$5,408,703
77$6,724,773$0$0$5,835,731
78$7,261,481$0$0$6,302,389
79$7,848,234$0$0$6,812,595
80$8,489,987$0$0$7,370,665
81$9,192,197$0$0$7,981,348
82$9,960,874$0$0$8,649,875
83$10,802,635$0$0$9,382,007
84$11,724,767$0$0$10,184,086
85$12,735,295$0$0$11,063,099
86$13,843,056$0$0$12,026,738
87$15,057,785$0$0$13,083,477
88$16,390,203$0$0$14,242,649
89$17,852,118$0$0$15,514,533
90$19,456,536$0$0$16,910,452
91$21,217,786$0$0$18,442,878
92$23,151,648$0$0$20,125,550
93$25,275,509$0$0$21,973,601
94$27,608,519$0$0$24,003,704
95$30,171,775$0$0$26,234,225
96$32,988,520$0$0$28,685,396
97$36,084,358$0$0$31,379,508
98$39,487,498$0$0$34,341,117
99$43,229,019$0$0$37,597,279
100$47,343,160$0$0$41,177,801