Can I retire at age 35 with 598,000?

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 $598,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$49,382$48,942$48,513$48,094$47,685$46,953
2 years$24,447$23,991$23,550$23,122$22,707$21,972
3 years$16,136$15,679$15,238$14,815$14,406$13,690
4 years$11,981$11,525$11,090$10,673$10,275$9,583
5 years$9,489$9,036$8,606$8,198$7,811$7,146
6 years$7,828$7,379$6,955$6,556$6,180$5,543
7 years$6,643$6,197$5,780$5,390$5,026$4,416
8 years$5,754$5,312$4,902$4,522$4,170$3,587
9 years$5,062$4,625$4,222$3,851$3,512$2,957
10 years$4,510$4,076$3,681$3,320$2,992$2,464
11 years$4,058$3,629$3,240$2,889$2,573$2,071
12 years$3,682$3,257$2,876$2,534$2,230$1,754
13 years$3,364$2,944$2,569$2,237$1,945$1,493
14 years$3,091$2,676$2,308$1,986$1,705$1,278
15 years$2,856$2,444$2,084$1,771$1,501$1,097
16 years$2,649$2,243$1,890$1,586$1,326$946
17 years$2,468$2,065$1,720$1,425$1,176$817
18 years$2,306$1,908$1,570$1,284$1,046$708
19 years$2,162$1,769$1,437$1,160$932$615
20 years$2,032$1,644$1,319$1,051$833$534
21 years$1,915$1,531$1,213$954$745$465
22 years$1,809$1,429$1,118$867$668$406
23 years$1,712$1,337$1,032$790$599$354
24 years$1,623$1,252$955$720$539$309
25 years$1,542$1,175$884$658$485$271
26 years$1,467$1,105$820$602$437$237
27 years$1,397$1,039$762$551$394$207
28 years$1,333$979$708$504$355$182
29 years$1,273$924$659$463$321$159
30 years$1,217$873$614$425$290$140
31 years$1,165$825$572$390$262$122
32 years$1,117$781$534$358$237$107
33 years$1,071$739$498$330$215$94
34 years$1,028$701$466$303$194$83
35 years$988$665$435$279$176$73
36 years$950$631$407$257$159$64
37 years$914$599$381$237$144$56
38 years$880$569$357$218$131$49
39 years$848$541$334$201$119$43
40 years$818$515$313$186$108$38
41 years$789$490$294$171$98$33
42 years$761$467$276$158$89$29
43 years$735$445$259$146$80$26
44 years$711$424$243$135$73$23
45 years$687$404$228$124$66$20
46 years$664$386$214$115$60$18
47 years$643$368$201$106$55$15
48 years$622$351$189$98$50$14
49 years$603$336$178$91$45$12
50 years$584$321$167$84$41$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $598,000, adding $3,027 every year, while hoping to spend $35,135 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: 68/25/7 Blend
34$598,000$598,000$598,000$598,000
35$662,118$630,424$621,155$706,169
36$692,271$623,932$604,581$729,263
37$724,322$615,943$586,273$749,960
38$758,427$606,349$566,138$771,646
39$794,758$595,032$544,075$794,413
40$833,502$581,867$519,980$818,359
41$874,866$566,725$493,746$843,598
42$919,073$549,465$465,257$870,253
43$966,370$529,941$434,396$898,462
44$1,017,030$507,998$401,037$928,379
45$1,071,347$483,470$365,052$960,173
46$1,129,648$456,183$326,305$994,033
47$1,192,289$425,954$284,653$1,030,168
48$1,259,664$392,587$239,951$1,068,811
49$1,332,203$355,876$192,042$1,110,218
50$1,410,378$315,605$140,766$1,154,677
51$1,494,709$271,542$85,954$1,202,503
52$1,585,767$223,445$27,431$1,254,048
53$1,684,178$171,057$0$1,309,702
54$1,790,632$114,107$0$1,372,511
55$1,905,887$52,309$0$1,442,696
56$2,030,775$0$0$1,518,749
57$2,166,212$0$0$1,605,301
58$2,313,205$0$0$1,714,886
59$2,472,861$0$0$1,833,942
60$2,646,399$0$0$1,963,382
61$2,835,160$0$0$2,104,210
62$3,040,616$0$0$2,257,530
63$3,264,392$0$0$2,424,558
64$3,508,273$0$0$2,606,630
65$3,774,223$0$0$2,805,219
66$4,064,405$0$0$3,021,945
67$4,381,200$0$0$3,258,590
68$4,727,228$0$0$3,517,118
69$5,105,375$0$0$3,799,689
70$5,518,815$0$0$4,108,683
71$5,971,046$0$0$4,446,720
72$6,465,917$0$0$4,816,683
73$7,007,670$0$0$5,221,749
74$7,600,971$0$0$5,665,415
75$8,250,962$0$0$6,151,533
76$8,963,305$0$0$6,684,345
77$9,744,235$0$0$7,268,523
78$10,600,621$0$0$7,909,211
79$11,540,025$0$0$8,612,078
80$12,570,781$0$0$9,383,365
81$13,702,064$0$0$10,229,948
82$14,943,984$0$0$11,159,401
83$16,307,675$0$0$12,180,068
84$17,805,404$0$0$13,301,138
85$19,450,683$0$0$14,532,737
86$21,258,399$0$0$15,886,017
87$23,244,949$0$0$17,373,267
88$25,428,400$0$0$19,008,023
89$27,828,657$0$0$20,805,198
90$30,467,645$0$0$22,781,224
91$33,369,526$0$0$24,954,201
92$36,560,915$0$0$27,344,076
93$40,071,138$0$0$29,972,820
94$43,932,506$0$0$32,864,646
95$48,180,618$0$0$36,046,227
96$52,854,697$0$0$39,546,956
97$57,997,962$0$0$43,399,215
98$63,658,030$0$0$47,638,687
99$69,887,370$0$0$52,304,686
100$76,743,794$0$0$57,440,534