Can I retire at age 35 with 597,000?

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 $597,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$49,300$48,861$48,432$48,014$47,606$47,365
2 years$24,406$23,951$23,511$23,084$22,669$22,427
3 years$16,109$15,652$15,213$14,790$14,382$14,145
4 years$11,961$11,506$11,071$10,655$10,258$10,027
5 years$9,473$9,021$8,592$8,184$7,798$7,575
6 years$7,815$7,366$6,943$6,545$6,170$5,956
7 years$6,631$6,186$5,770$5,381$5,018$4,812
8 years$5,744$5,303$4,893$4,514$4,163$3,965
9 years$5,054$4,617$4,215$3,845$3,506$3,316
10 years$4,502$4,070$3,674$3,314$2,987$2,805
11 years$4,051$3,623$3,235$2,885$2,569$2,395
12 years$3,676$3,252$2,871$2,530$2,226$2,060
13 years$3,358$2,939$2,565$2,234$1,941$1,783
14 years$3,086$2,671$2,305$1,983$1,702$1,551
15 years$2,851$2,440$2,081$1,768$1,498$1,355
16 years$2,645$2,239$1,887$1,583$1,324$1,188
17 years$2,463$2,062$1,717$1,423$1,174$1,045
18 years$2,302$1,905$1,567$1,282$1,044$921
19 years$2,158$1,766$1,435$1,158$931$814
20 years$2,029$1,641$1,317$1,049$831$721
21 years$1,912$1,528$1,211$952$744$640
22 years$1,806$1,427$1,116$866$667$568
23 years$1,709$1,334$1,031$788$598$506
24 years$1,621$1,250$953$719$538$450
25 years$1,539$1,173$883$657$484$402
26 years$1,464$1,103$819$601$436$358
27 years$1,395$1,038$760$550$393$320
28 years$1,331$978$707$504$355$286
29 years$1,271$922$658$462$320$256
30 years$1,215$871$613$424$289$229
31 years$1,163$824$571$389$262$205
32 years$1,115$779$533$358$237$184
33 years$1,069$738$498$329$214$165
34 years$1,026$699$465$303$194$148
35 years$986$663$435$279$176$132
36 years$948$630$407$257$159$119
37 years$912$598$381$236$144$107
38 years$879$568$356$218$131$96
39 years$847$540$334$201$119$86
40 years$816$514$313$185$108$77
41 years$787$489$293$171$98$69
42 years$760$466$275$158$89$62
43 years$734$444$258$146$80$56
44 years$709$423$242$135$73$50
45 years$686$404$228$124$66$45
46 years$663$385$214$115$60$40
47 years$642$368$201$106$55$36
48 years$621$351$189$98$50$33
49 years$602$335$177$91$45$29
50 years$583$320$167$84$41$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $597,000, adding $5,380 every year, while hoping to spend $22,270 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: 53/23/24 Blend
34$597,000$597,000$597,000$597,000
35$663,443$631,802$622,549$693,936
36$707,420$639,066$619,709$722,814
37$755,135$645,938$616,028$751,483
38$806,947$652,378$611,454$782,220
39$863,250$658,339$605,932$815,231
40$924,477$663,773$599,406$850,743
41$991,104$668,628$591,816$889,008
42$1,063,655$672,849$583,101$930,303
43$1,142,708$676,379$573,194$974,935
44$1,228,896$679,153$562,028$1,023,242
45$1,322,919$681,108$549,532$1,075,599
46$1,425,546$682,171$535,630$1,132,420
47$1,537,623$682,268$520,245$1,194,162
48$1,660,082$681,321$503,294$1,261,329
49$1,793,948$679,244$484,693$1,334,480
50$1,940,352$675,948$464,352$1,414,230
51$2,100,538$671,339$442,177$1,501,260
52$2,275,873$665,315$418,070$1,596,320
53$2,467,867$657,770$391,930$1,700,242
54$2,678,179$648,591$363,650$1,813,941
55$2,908,639$637,657$333,118$1,938,428
56$3,161,260$624,843$300,217$2,074,820
57$3,438,261$610,012$264,827$2,224,350
58$3,742,084$593,023$226,819$2,388,380
59$4,075,421$573,725$186,061$2,568,411
60$4,441,234$551,959$142,415$2,766,103
61$4,842,790$527,554$95,736$2,983,284
62$5,283,683$500,333$45,872$3,221,975
63$5,767,876$470,107$0$3,484,405
64$6,299,732$436,674$0$3,774,915
65$6,884,058$399,825$0$4,106,995
66$7,526,152$359,336$0$4,471,927
67$8,231,846$314,970$0$4,873,060
68$9,007,569$266,478$0$5,314,088
69$9,860,401$213,597$0$5,799,083
70$10,798,146$156,047$0$6,332,534
71$11,829,398$93,534$0$6,919,391
72$12,963,628$25,749$0$7,565,108
73$14,211,270$0$0$8,275,702
74$15,583,820$0$0$9,069,858
75$17,093,944$0$0$9,950,853
76$18,755,599$0$0$10,920,318
77$20,584,162$0$0$11,987,236
78$22,596,577$0$0$13,161,499
79$24,811,512$0$0$14,454,012
80$27,249,538$0$0$15,876,788
81$29,933,321$0$0$17,443,063
82$32,887,837$0$0$19,167,424
83$36,140,605$0$0$21,065,942
84$39,721,948$0$0$23,156,328
85$43,665,281$0$0$25,458,095
86$48,007,423$0$0$27,992,748
87$52,788,943$0$0$30,783,979
88$58,054,549$0$0$33,857,899
89$63,853,503$0$0$37,243,278
90$70,240,087$0$0$40,971,820
91$77,274,119$0$0$45,078,460
92$85,021,513$0$0$49,601,694
93$93,554,903$0$0$54,583,942
94$102,954,326$0$0$60,071,950
95$113,307,979$0$0$66,117,229
96$124,713,054$0$0$72,776,542
97$137,276,647$0$0$80,112,438
98$151,116,777$0$0$88,193,846
99$166,363,494$0$0$97,096,720
100$183,160,110$0$0$106,904,761