Can I retire at age 35 with 593,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%18.5%
1 years$48,969$48,533$48,108$47,692$47,287$45,663
2 years$24,242$23,791$23,353$22,929$22,517$20,899
3 years$16,001$15,548$15,111$14,691$14,286$12,722
4 years$11,881$11,429$10,997$10,584$10,189$8,692
5 years$9,410$8,961$8,534$8,129$7,745$6,320
6 years$7,763$7,317$6,897$6,501$6,129$4,776
7 years$6,587$6,145$5,731$5,345$4,984$3,703
8 years$5,705$5,267$4,861$4,484$4,135$2,925
9 years$5,020$4,586$4,186$3,819$3,482$2,342
10 years$4,472$4,042$3,650$3,292$2,967$1,894
11 years$4,024$3,599$3,213$2,865$2,552$1,544
12 years$3,651$3,230$2,852$2,513$2,211$1,267
13 years$3,336$2,919$2,548$2,219$1,928$1,045
14 years$3,066$2,653$2,289$1,970$1,690$865
15 years$2,832$2,424$2,067$1,756$1,488$718
16 years$2,627$2,224$1,874$1,573$1,315$598
17 years$2,447$2,048$1,705$1,413$1,166$499
18 years$2,287$1,892$1,557$1,273$1,037$418
19 years$2,144$1,754$1,425$1,151$924$350
20 years$2,015$1,630$1,308$1,042$826$293
21 years$1,899$1,518$1,203$946$739$246
22 years$1,794$1,417$1,109$860$662$207
23 years$1,698$1,325$1,024$783$594$174
24 years$1,610$1,242$947$714$534$146
25 years$1,529$1,165$877$652$481$123
26 years$1,454$1,095$813$596$433$104
27 years$1,385$1,031$755$546$390$87
28 years$1,322$971$702$500$352$74
29 years$1,262$916$653$459$318$62
30 years$1,207$865$609$421$287$52
31 years$1,155$818$567$387$260$44
32 years$1,107$774$529$355$235$37
33 years$1,062$733$494$327$213$31
34 years$1,019$695$462$301$193$26
35 years$979$659$432$277$174$22
36 years$942$625$404$255$158$19
37 years$906$594$378$235$143$16
38 years$873$565$354$216$130$13
39 years$841$537$332$200$118$11
40 years$811$511$311$184$107$10
41 years$782$486$291$170$97$8
42 years$755$463$273$157$88$7
43 years$729$441$257$145$80$6
44 years$705$421$241$134$72$5
45 years$681$401$226$123$66$4
46 years$659$383$212$114$60$3
47 years$637$365$200$105$54$3
48 years$617$348$188$97$49$2
49 years$598$333$176$90$45$2
50 years$579$318$166$83$41$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $593,000, adding $2,064 every year, while hoping to spend $31,898 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: 29/41/30 Blend
34$593,000$593,000$593,000$593,000
35$655,615$624,186$614,995$668,530
36$688,549$620,832$601,658$675,631
37$723,772$616,244$586,805$680,373
38$761,486$610,329$570,352$684,846
39$801,909$602,987$552,210$689,050
40$845,282$594,111$532,287$692,987
41$891,868$583,591$510,486$696,663
42$941,958$571,306$486,707$700,089
43$995,870$557,132$460,844$703,279
44$1,053,952$540,934$432,785$706,255
45$1,116,588$522,573$402,417$709,041
46$1,184,200$501,899$369,618$711,672
47$1,257,250$478,754$334,262$714,188
48$1,336,248$452,972$296,218$716,640
49$1,421,752$424,375$255,348$719,087
50$1,514,379$392,776$211,510$721,602
51$1,614,802$357,979$164,552$724,269
52$1,723,766$319,775$114,319$727,187
53$1,842,089$277,942$60,648$730,473
54$1,970,669$232,249$3,366$734,260
55$2,110,497$182,448$0$738,705
56$2,262,659$128,279$0$762,474
57$2,428,354$69,469$0$789,636
58$2,608,899$5,726$0$819,406
59$2,805,745$0$0$852,116
60$3,020,487$0$0$916,676
61$3,254,883$0$0$990,053
62$3,510,866$0$0$1,070,280
63$3,790,564$0$0$1,158,037
64$4,096,322$0$0$1,254,070
65$4,430,719$0$0$1,359,203
66$4,796,597$0$0$1,474,342
67$5,197,083$0$0$1,600,485
68$5,635,623$0$0$1,738,732
69$6,116,010$0$0$1,890,291
70$6,642,421$0$0$2,056,497
71$7,219,458$0$0$2,238,819
72$7,852,187$0$0$2,438,872
73$8,546,188$0$0$2,658,440
74$9,307,611$0$0$2,899,483
75$10,143,224$0$0$3,164,165
76$11,060,486$0$0$3,454,865
77$12,067,612$0$0$3,774,207
78$13,173,652$0$0$4,125,081
79$14,388,576$0$0$4,510,670
80$15,723,364$0$0$4,934,482
81$17,190,117$0$0$5,400,379
82$18,802,162$0$0$5,912,620
83$20,574,183$0$0$6,475,893
84$22,522,358$0$0$7,095,365
85$24,664,509$0$0$7,776,731
86$27,020,273$0$0$8,526,261
87$29,611,284$0$0$9,350,866
88$32,461,379$0$0$10,258,162
89$35,596,821$0$0$11,256,537
90$39,046,546$0$0$12,355,236
91$42,842,436$0$0$13,564,444
92$47,019,621$0$0$14,895,384
93$51,616,808$0$0$16,360,422
94$56,676,645$0$0$17,973,184
95$62,246,126$0$0$19,748,683
96$68,377,031$0$0$21,703,463
97$75,126,414$0$0$23,855,755
98$82,557,144$0$0$26,225,643
99$90,738,496$0$0$28,835,264
100$99,746,802$0$0$31,709,005