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%11.1%
1 years$48,722$48,288$47,864$47,451$47,047$46,829
2 years$24,120$23,670$23,235$22,813$22,404$22,184
3 years$15,920$15,469$15,035$14,616$14,214$13,999
4 years$11,821$11,371$10,941$10,530$10,137$9,929
5 years$9,362$8,915$8,491$8,088$7,706$7,504
6 years$7,724$7,280$6,862$6,468$6,098$5,903
7 years$6,554$6,114$5,702$5,318$4,959$4,772
8 years$5,677$5,241$4,836$4,461$4,114$3,934
9 years$4,995$4,563$4,165$3,800$3,465$3,292
10 years$4,450$4,022$3,631$3,276$2,952$2,787
11 years$4,004$3,580$3,197$2,851$2,539$2,381
12 years$3,633$3,214$2,837$2,500$2,200$2,049
13 years$3,319$2,904$2,535$2,208$1,919$1,775
14 years$3,050$2,640$2,278$1,960$1,682$1,545
15 years$2,817$2,412$2,056$1,748$1,481$1,350
16 years$2,614$2,213$1,864$1,565$1,309$1,185
17 years$2,435$2,038$1,697$1,406$1,160$1,043
18 years$2,275$1,883$1,549$1,267$1,032$920
19 years$2,133$1,745$1,418$1,145$920$814
20 years$2,005$1,622$1,301$1,037$821$721
21 years$1,890$1,510$1,197$941$735$640
22 years$1,785$1,410$1,103$856$659$569
23 years$1,689$1,319$1,018$779$591$507
24 years$1,602$1,236$942$711$532$452
25 years$1,521$1,159$872$649$478$403
26 years$1,447$1,090$809$593$431$360
27 years$1,378$1,026$751$543$389$322
28 years$1,315$966$698$498$351$288
29 years$1,256$912$650$456$317$258
30 years$1,201$861$605$419$286$231
31 years$1,150$814$564$385$259$207
32 years$1,102$770$527$354$234$185
33 years$1,057$729$492$325$212$166
34 years$1,014$691$459$299$192$149
35 years$975$656$430$275$174$134
36 years$937$622$402$254$157$120
37 years$902$591$376$234$143$108
38 years$868$562$352$215$129$97
39 years$837$534$330$199$117$87
40 years$807$508$309$183$106$78
41 years$778$484$290$169$96$70
42 years$751$461$272$156$88$63
43 years$725$439$255$144$79$57
44 years$701$418$240$133$72$51
45 years$678$399$225$123$65$46
46 years$655$381$211$113$59$41
47 years$634$363$199$105$54$37
48 years$614$347$187$97$49$33
49 years$595$331$175$89$45$30
50 years$576$316$165$83$40$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $590,000, adding $2,666 every year, while hoping to spend $37,019 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: 81/10/9 Blend
34$590,000$590,000$590,000$590,000
35$652,930$621,660$612,515$704,755
36$680,141$612,733$593,646$730,167
37$708,887$602,129$572,905$752,897
38$739,285$589,725$550,189$776,732
39$771,463$575,392$525,391$801,765
40$805,562$558,996$498,402$828,095
41$841,735$540,392$469,103$855,834
42$880,148$519,428$437,375$885,103
43$920,985$495,942$403,088$916,037
44$964,445$469,763$366,112$948,785
45$1,010,749$440,712$326,307$983,511
46$1,060,135$408,597$283,528$1,020,395
47$1,112,867$373,216$237,625$1,059,636
48$1,169,233$334,356$188,438$1,101,456
49$1,229,547$291,793$135,804$1,146,096
50$1,294,157$245,286$79,549$1,193,825
51$1,363,441$194,586$19,494$1,244,939
52$1,437,817$139,426$0$1,299,764
53$1,517,742$79,525$0$1,362,943
54$1,603,717$14,586$0$1,432,869
55$1,696,292$0$0$1,508,125
56$1,796,074$0$0$1,595,347
57$1,903,727$0$0$1,691,193
58$2,019,980$0$0$1,794,707
59$2,145,637$0$0$1,906,607
60$2,281,579$0$0$2,027,679
61$2,428,774$0$0$2,158,789
62$2,588,290$0$0$2,300,887
63$2,761,298$0$0$2,455,018
64$2,949,085$0$0$2,622,334
65$3,153,071$0$0$2,804,097
66$3,374,813$0$0$3,001,701
67$3,616,027$0$0$3,216,676
68$3,878,599$0$0$3,450,705
69$4,164,607$0$0$3,705,642
70$4,476,335$0$0$3,983,525
71$4,816,298$0$0$4,286,600
72$5,187,263$0$0$4,617,337
73$5,592,277$0$0$4,978,454
74$6,034,694$0$0$5,372,944
75$6,518,206$0$0$5,804,104
76$7,046,877$0$0$6,275,559
77$7,625,182$0$0$6,791,306
78$8,258,050$0$0$7,355,741
79$8,950,906$0$0$7,973,708
80$9,709,725$0$0$8,650,539
81$10,541,087$0$0$9,392,108
82$11,452,238$0$0$10,204,882
83$12,451,160$0$0$11,095,985
84$13,546,642$0$0$12,073,262
85$14,748,365$0$0$13,145,354
86$16,066,993$0$0$14,321,778
87$17,514,271$0$0$15,613,019
88$19,103,137$0$0$17,030,625
89$20,847,844$0$0$18,587,317
90$22,764,091$0$0$20,297,108
91$24,869,172$0$0$22,175,435
92$27,182,141$0$0$24,239,303
93$29,723,987$0$0$26,507,449
94$32,517,832$0$0$29,000,511
95$35,589,153$0$0$31,741,228
96$38,966,016$0$0$34,754,653
97$42,679,342$0$0$38,068,385
98$46,763,198$0$0$41,712,834
99$51,255,121$0$0$45,721,503
100$56,196,466$0$0$50,131,306