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%15.3%
1 years$48,969$48,533$48,108$47,692$47,287$46,256
2 years$24,242$23,791$23,353$22,929$22,517$21,485
3 years$16,001$15,548$15,111$14,691$14,286$13,283
4 years$11,881$11,429$10,997$10,584$10,189$9,223
5 years$9,410$8,961$8,534$8,129$7,745$6,820
6 years$7,763$7,317$6,897$6,501$6,129$5,244
7 years$6,587$6,145$5,731$5,345$4,984$4,141
8 years$5,705$5,267$4,861$4,484$4,135$3,333
9 years$5,020$4,586$4,186$3,819$3,482$2,721
10 years$4,472$4,042$3,650$3,292$2,967$2,245
11 years$4,024$3,599$3,213$2,865$2,552$1,868
12 years$3,651$3,230$2,852$2,513$2,211$1,566
13 years$3,336$2,919$2,548$2,219$1,928$1,319
14 years$3,066$2,653$2,289$1,970$1,690$1,117
15 years$2,832$2,424$2,067$1,756$1,488$949
16 years$2,627$2,224$1,874$1,573$1,315$808
17 years$2,447$2,048$1,705$1,413$1,166$691
18 years$2,287$1,892$1,557$1,273$1,037$591
19 years$2,144$1,754$1,425$1,151$924$507
20 years$2,015$1,630$1,308$1,042$826$436
21 years$1,899$1,518$1,203$946$739$375
22 years$1,794$1,417$1,109$860$662$323
23 years$1,698$1,325$1,024$783$594$278
24 years$1,610$1,242$947$714$534$240
25 years$1,529$1,165$877$652$481$207
26 years$1,454$1,095$813$596$433$179
27 years$1,385$1,031$755$546$390$155
28 years$1,322$971$702$500$352$134
29 years$1,262$916$653$459$318$116
30 years$1,207$865$609$421$287$100
31 years$1,155$818$567$387$260$87
32 years$1,107$774$529$355$235$75
33 years$1,062$733$494$327$213$65
34 years$1,019$695$462$301$193$56
35 years$979$659$432$277$174$49
36 years$942$625$404$255$158$42
37 years$906$594$378$235$143$37
38 years$873$565$354$216$130$32
39 years$841$537$332$200$118$28
40 years$811$511$311$184$107$24
41 years$782$486$291$170$97$21
42 years$755$463$273$157$88$18
43 years$729$441$257$145$80$16
44 years$705$421$241$134$72$13
45 years$681$401$226$123$66$12
46 years$659$383$212$114$60$10
47 years$637$365$200$105$54$9
48 years$617$348$188$97$49$8
49 years$598$333$176$90$45$7
50 years$579$318$166$83$41$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $593,000, adding $5,840 every year, while hoping to spend $29,377 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: 27/50/23 Blend
34$593,000$593,000$593,000$593,000
35$659,510$628,081$618,889$672,412
36$695,523$627,600$608,365$682,601
37$734,225$626,111$596,504$690,575
38$775,859$623,533$583,230$698,516
39$820,692$619,782$568,463$706,440
40$869,017$614,766$552,122$714,368
41$921,157$608,389$534,118$722,324
42$977,465$600,551$514,361$730,339
43$1,038,331$591,142$492,756$738,450
44$1,104,182$580,049$469,205$746,700
45$1,175,487$567,151$443,602$755,140
46$1,252,765$552,319$415,841$763,833
47$1,336,582$535,417$385,806$772,848
48$1,427,563$516,303$353,381$782,268
49$1,526,396$494,823$318,441$792,188
50$1,633,836$470,817$280,856$802,719
51$1,750,716$444,115$240,493$813,987
52$1,877,949$414,537$197,210$826,135
53$2,016,543$381,893$150,860$839,329
54$2,167,605$345,980$101,288$853,756
55$2,332,355$306,588$48,336$869,630
56$2,512,134$263,490$0$887,192
57$2,708,421$216,449$0$908,722
58$2,922,840$165,215$0$945,312
59$3,157,181$109,523$0$985,481
60$3,413,417$49,093$0$1,029,668
61$3,693,715$0$0$1,078,363
62$4,000,467$0$0$1,141,121
63$4,336,301$0$0$1,239,496
64$4,704,116$0$0$1,347,338
65$5,107,102$0$0$1,465,594
66$5,548,772$0$0$1,595,309
67$6,032,996$0$0$1,737,631
68$6,564,036$0$0$1,893,828
69$7,146,585$0$0$2,065,293
70$7,785,815$0$0$2,253,565
71$8,487,420$0$0$2,460,335
72$9,257,673$0$0$2,687,468
73$10,103,484$0$0$2,937,019
74$11,032,467$0$0$3,211,250
75$12,053,007$0$0$3,512,653
76$13,174,341$0$0$3,843,977
77$14,406,647$0$0$4,208,246
78$15,761,137$0$0$4,608,794
79$17,250,162$0$0$5,049,294
80$18,887,332$0$0$5,533,793
81$20,687,639$0$0$6,066,749
82$22,667,603$0$0$6,653,075
83$24,845,422$0$0$7,298,183
84$27,241,148$0$0$8,008,036
85$29,876,877$0$0$8,789,206
86$32,776,948$0$0$9,648,932
87$35,968,186$0$0$10,595,192
88$39,480,141$0$0$11,636,775
89$43,345,376$0$0$12,783,368
90$47,599,770$0$0$14,045,641
91$52,282,857$0$0$15,435,356
92$57,438,199$0$0$16,965,468
93$63,113,793$0$0$18,650,257
94$69,362,531$0$0$20,505,454
95$76,242,691$0$0$22,548,398
96$83,818,490$0$0$24,798,190
97$92,160,690$0$0$27,275,882
98$101,347,265$0$0$30,004,669
99$111,464,136$0$0$33,010,111
100$122,605,980$0$0$36,320,375