Can I retire at age 35 with 591,000?

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 $591,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$48,804$48,370$47,945$47,531$47,127$46,346
2 years$24,161$23,711$23,274$22,852$22,442$21,657
3 years$15,947$15,495$15,060$14,641$14,238$13,474
4 years$11,841$11,391$10,960$10,548$10,155$9,418
5 years$9,378$8,930$8,505$8,102$7,719$7,011
6 years$7,737$7,292$6,874$6,479$6,108$5,430
7 years$6,565$6,124$5,712$5,327$4,967$4,319
8 years$5,686$5,249$4,844$4,469$4,121$3,502
9 years$5,003$4,571$4,172$3,806$3,470$2,881
10 years$4,457$4,029$3,638$3,281$2,957$2,397
11 years$4,011$3,587$3,202$2,856$2,543$2,011
12 years$3,639$3,219$2,842$2,505$2,204$1,699
13 years$3,324$2,909$2,539$2,211$1,922$1,444
14 years$3,055$2,644$2,281$1,963$1,685$1,233
15 years$2,822$2,416$2,060$1,751$1,483$1,057
16 years$2,618$2,216$1,868$1,567$1,311$909
17 years$2,439$2,041$1,699$1,408$1,162$784
18 years$2,279$1,886$1,551$1,269$1,034$678
19 years$2,137$1,748$1,420$1,147$921$587
20 years$2,009$1,624$1,303$1,039$823$509
21 years$1,893$1,513$1,199$943$736$442
22 years$1,788$1,412$1,105$857$660$385
23 years$1,692$1,321$1,020$781$592$335
24 years$1,604$1,238$944$712$533$292
25 years$1,524$1,161$874$650$479$255
26 years$1,449$1,092$810$594$432$222
27 years$1,381$1,027$753$544$389$194
28 years$1,317$968$700$499$351$170
29 years$1,258$913$651$457$317$149
30 years$1,203$862$606$420$286$130
31 years$1,152$815$565$385$259$114
32 years$1,103$771$528$354$234$99
33 years$1,058$731$493$326$212$87
34 years$1,016$692$460$300$192$76
35 years$976$657$430$276$174$67
36 years$939$623$402$254$158$59
37 years$903$592$377$234$143$51
38 years$870$563$353$216$129$45
39 years$838$535$331$199$117$39
40 years$808$509$310$183$106$35
41 years$779$485$290$169$97$30
42 years$752$461$272$156$88$27
43 years$727$440$256$144$80$23
44 years$702$419$240$133$72$20
45 years$679$400$225$123$66$18
46 years$657$381$212$114$60$16
47 years$635$364$199$105$54$14
48 years$615$347$187$97$49$12
49 years$596$332$176$90$45$11
50 years$577$317$165$83$40$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $591,000, adding $2,444 every year, while hoping to spend $42,963 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: 62/31/7 Blend
34$591,000$591,000$591,000$591,000
35$653,803$622,480$613,319$693,296
36$674,779$607,269$588,153$704,756
37$696,454$589,873$560,704$712,039
38$718,855$570,139$530,850$718,887
39$742,008$547,907$498,464$725,257
40$765,943$523,004$463,413$731,104
41$790,689$495,251$425,557$736,380
42$816,278$464,457$384,752$741,033
43$842,742$430,419$340,845$745,009
44$870,117$392,925$293,678$748,252
45$898,438$351,748$243,086$750,701
46$927,745$306,649$188,895$752,292
47$958,077$257,377$130,926$752,959
48$989,478$203,666$68,989$752,629
49$1,021,993$145,234$2,888$751,230
50$1,055,669$81,783$0$748,681
51$1,090,557$13,000$0$749,953
52$1,126,711$0$0$750,466
53$1,164,188$0$0$770,887
54$1,203,047$0$0$796,665
55$1,243,354$0$0$823,407
56$1,285,176$0$0$851,159
57$1,328,587$0$0$879,971
58$1,373,664$0$0$909,895
59$1,420,490$0$0$940,986
60$1,469,153$0$0$973,304
61$1,519,749$0$0$1,006,913
62$1,572,379$0$0$1,041,881
63$1,627,153$0$0$1,078,283
64$1,684,186$0$0$1,116,197
65$1,743,606$0$0$1,155,708
66$1,805,546$0$0$1,196,907
67$1,870,154$0$0$1,239,893
68$1,937,585$0$0$1,284,772
69$2,008,010$0$0$1,331,658
70$2,081,611$0$0$1,380,676
71$2,158,586$0$0$1,431,959
72$2,239,149$0$0$1,485,652
73$2,323,532$0$0$1,541,913
74$2,411,985$0$0$1,600,911
75$2,504,781$0$0$1,662,831
76$2,602,216$0$0$1,727,873
77$2,704,610$0$0$1,796,256
78$2,812,313$0$0$1,868,216
79$2,925,705$0$0$1,944,012
80$3,045,199$0$0$2,023,924
81$3,171,244$0$0$2,108,258
82$3,304,333$0$0$2,197,348
83$3,444,999$0$0$2,291,558
84$3,593,828$0$0$2,391,284
85$3,751,457$0$0$2,496,961
86$3,918,582$0$0$2,609,063
87$4,095,965$0$0$2,728,107
88$4,284,438$0$0$2,854,661
89$4,484,912$0$0$2,989,345
90$4,698,383$0$0$3,132,837
91$4,925,942$0$0$3,285,880
92$5,168,785$0$0$3,449,289
93$5,428,221$0$0$3,623,955
94$5,705,683$0$0$3,810,857
95$6,002,746$0$0$4,011,066
96$6,321,135$0$0$4,225,759
97$6,662,742$0$0$4,456,226
98$7,029,643$0$0$4,703,883
99$7,424,118$0$0$4,970,284
100$7,848,670$0$0$5,257,137