Can I retire at age 35 with 593,000?

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 $593,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$48,969$48,533$48,108$47,692$47,287$46,013
2 years$24,242$23,791$23,353$22,929$22,517$21,243
3 years$16,001$15,548$15,111$14,691$14,286$13,051
4 years$11,881$11,429$10,997$10,584$10,189$9,003
5 years$9,410$8,961$8,534$8,129$7,745$6,612
6 years$7,763$7,317$6,897$6,501$6,129$5,048
7 years$6,587$6,145$5,731$5,345$4,984$3,957
8 years$5,705$5,267$4,861$4,484$4,135$3,161
9 years$5,020$4,586$4,186$3,819$3,482$2,560
10 years$4,472$4,042$3,650$3,292$2,967$2,096
11 years$4,024$3,599$3,213$2,865$2,552$1,730
12 years$3,651$3,230$2,852$2,513$2,211$1,437
13 years$3,336$2,919$2,548$2,219$1,928$1,200
14 years$3,066$2,653$2,289$1,970$1,690$1,007
15 years$2,832$2,424$2,067$1,756$1,488$848
16 years$2,627$2,224$1,874$1,573$1,315$716
17 years$2,447$2,048$1,705$1,413$1,166$606
18 years$2,287$1,892$1,557$1,273$1,037$514
19 years$2,144$1,754$1,425$1,151$924$436
20 years$2,015$1,630$1,308$1,042$826$371
21 years$1,899$1,518$1,203$946$739$316
22 years$1,794$1,417$1,109$860$662$270
23 years$1,698$1,325$1,024$783$594$230
24 years$1,610$1,242$947$714$534$196
25 years$1,529$1,165$877$652$481$168
26 years$1,454$1,095$813$596$433$144
27 years$1,385$1,031$755$546$390$123
28 years$1,322$971$702$500$352$105
29 years$1,262$916$653$459$318$90
30 years$1,207$865$609$421$287$77
31 years$1,155$818$567$387$260$66
32 years$1,107$774$529$355$235$56
33 years$1,062$733$494$327$213$48
34 years$1,019$695$462$301$193$41
35 years$979$659$432$277$174$36
36 years$942$625$404$255$158$30
37 years$906$594$378$235$143$26
38 years$873$565$354$216$130$22
39 years$841$537$332$200$118$19
40 years$811$511$311$184$107$16
41 years$782$486$291$170$97$14
42 years$755$463$273$157$88$12
43 years$729$441$257$145$80$10
44 years$705$421$241$134$72$9
45 years$681$401$226$123$66$8
46 years$659$383$212$114$60$7
47 years$637$365$200$105$54$6
48 years$617$348$188$97$49$5
49 years$598$333$176$90$45$4
50 years$579$318$166$83$41$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $593,000, adding $6,946 every year, while hoping to spend $25,481 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: 74/20/6 Blend
34$593,000$593,000$593,000$593,000
35$660,651$629,222$620,030$708,581
36$700,926$632,942$613,690$744,804
37$744,454$635,991$606,283$780,555
38$791,542$638,308$597,747$818,988
39$842,524$639,830$588,016$860,358
40$897,769$640,489$577,022$904,948
41$957,683$640,213$564,693$953,068
42$1,022,710$638,927$550,954$1,005,061
43$1,093,341$636,550$535,725$1,061,306
44$1,170,115$632,994$518,926$1,122,219
45$1,253,626$628,170$500,469$1,188,260
46$1,344,526$621,981$480,265$1,259,934
47$1,443,534$614,323$458,220$1,337,801
48$1,551,438$605,089$434,234$1,422,475
49$1,669,110$594,164$408,206$1,514,636
50$1,797,507$581,425$380,029$1,615,033
51$1,937,681$566,744$349,588$1,724,490
52$2,090,794$549,984$316,769$1,843,917
53$2,258,121$530,999$281,447$1,974,318
54$2,441,069$509,637$243,494$2,116,800
55$2,641,185$485,736$202,778$2,272,581
56$2,860,173$459,125$159,159$2,443,008
57$3,099,910$429,621$112,490$2,629,564
58$3,362,462$397,034$62,620$2,833,883
59$3,650,105$361,160$9,389$3,057,771
60$3,965,344$321,786$0$3,303,214
61$4,310,941$278,685$0$3,575,442
62$4,689,933$231,617$0$3,874,675
63$5,105,671$180,330$0$4,202,989
64$5,561,840$124,557$0$4,563,335
65$6,062,503$64,017$0$4,958,966
66$6,612,135$0$0$5,393,468
67$7,215,664$0$0$5,871,146
68$7,878,519$0$0$6,411,278
69$8,606,681$0$0$7,004,655
70$9,406,740$0$0$7,656,648
71$10,285,953$0$0$8,373,176
72$11,252,317$0$0$9,160,760
73$12,314,641$0$0$10,026,584
74$13,482,633$0$0$10,978,561
75$14,766,984$0$0$12,025,412
76$16,179,477$0$0$13,176,743
77$17,733,091$0$0$14,443,139
78$19,442,127$0$0$15,836,262
79$21,322,344$0$0$17,368,962
80$23,391,102$0$0$19,055,395
81$25,667,531$0$0$20,911,160
82$28,172,707$0$0$22,953,445
83$30,929,855$0$0$25,201,187
84$33,964,563$0$0$27,675,254
85$37,305,026$0$0$30,398,637
86$40,982,314$0$0$33,396,671
87$45,030,658$0$0$36,697,272
88$49,487,780$0$0$40,331,199
89$54,395,245$0$0$44,332,348
90$59,798,851$0$0$48,738,066
91$65,749,068$0$0$53,589,507
92$72,301,504$0$0$58,932,020
93$79,517,439$0$0$64,815,576
94$87,464,396$0$0$71,295,238
95$96,216,783$0$0$78,431,682
96$105,856,590$0$0$86,291,769
97$116,474,167$0$0$94,949,178
98$128,169,073$0$0$104,485,095
99$141,051,018$0$0$114,988,986
100$155,240,895$0$0$126,559,435