Can I retire at age 35 with 598,000?

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 $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%11.3%
1 years$49,382$48,942$48,513$48,094$47,685$47,425
2 years$24,447$23,991$23,550$23,122$22,707$22,444
3 years$16,136$15,679$15,238$14,815$14,406$14,149
4 years$11,981$11,525$11,090$10,673$10,275$10,025
5 years$9,489$9,036$8,606$8,198$7,811$7,570
6 years$7,828$7,379$6,955$6,556$6,180$5,948
7 years$6,643$6,197$5,780$5,390$5,026$4,803
8 years$5,754$5,312$4,902$4,522$4,170$3,955
9 years$5,062$4,625$4,222$3,851$3,512$3,306
10 years$4,510$4,076$3,681$3,320$2,992$2,795
11 years$4,058$3,629$3,240$2,889$2,573$2,385
12 years$3,682$3,257$2,876$2,534$2,230$2,050
13 years$3,364$2,944$2,569$2,237$1,945$1,773
14 years$3,091$2,676$2,308$1,986$1,705$1,542
15 years$2,856$2,444$2,084$1,771$1,501$1,346
16 years$2,649$2,243$1,890$1,586$1,326$1,179
17 years$2,468$2,065$1,720$1,425$1,176$1,036
18 years$2,306$1,908$1,570$1,284$1,046$913
19 years$2,162$1,769$1,437$1,160$932$806
20 years$2,032$1,644$1,319$1,051$833$714
21 years$1,915$1,531$1,213$954$745$633
22 years$1,809$1,429$1,118$867$668$562
23 years$1,712$1,337$1,032$790$599$499
24 years$1,623$1,252$955$720$539$444
25 years$1,542$1,175$884$658$485$396
26 years$1,467$1,105$820$602$437$353
27 years$1,397$1,039$762$551$394$315
28 years$1,333$979$708$504$355$281
29 years$1,273$924$659$463$321$252
30 years$1,217$873$614$425$290$225
31 years$1,165$825$572$390$262$201
32 years$1,117$781$534$358$237$180
33 years$1,071$739$498$330$215$161
34 years$1,028$701$466$303$194$144
35 years$988$665$435$279$176$129
36 years$950$631$407$257$159$116
37 years$914$599$381$237$144$104
38 years$880$569$357$218$131$93
39 years$848$541$334$201$119$84
40 years$818$515$313$186$108$75
41 years$789$490$294$171$98$67
42 years$761$467$276$158$89$60
43 years$735$445$259$146$80$54
44 years$711$424$243$135$73$49
45 years$687$404$228$124$66$44
46 years$664$386$214$115$60$39
47 years$643$368$201$106$55$35
48 years$622$351$189$98$50$32
49 years$603$336$178$91$45$28
50 years$584$321$167$84$41$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $598,000, adding $6,586 every year, while hoping to spend $45,159 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: 43/28/29 Blend
34$598,000$598,000$598,000$598,000
35$665,789$634,095$624,826$688,550
36$685,651$617,117$597,709$688,538
37$706,025$597,794$568,170$683,766
38$726,916$575,962$536,080$677,740
39$748,328$551,450$501,305$670,372
40$770,262$524,076$463,704$661,567
41$792,720$493,647$423,129$651,226
42$815,702$459,960$379,428$639,243
43$839,204$422,799$332,440$625,505
44$863,224$381,937$281,997$609,892
45$887,753$337,132$227,925$592,280
46$912,784$288,132$170,040$572,534
47$938,303$234,666$108,152$550,513
48$964,297$176,452$42,062$526,067
49$990,747$113,189$0$499,037
50$1,017,629$44,561$0$478,063
51$1,044,917$0$0$468,619
52$1,072,577$0$0$466,728
53$1,100,574$0$0$478,687
54$1,128,861$0$0$490,742
55$1,157,389$0$0$502,868
56$1,186,098$0$0$515,037
57$1,214,922$0$0$527,214
58$1,243,782$0$0$539,363
59$1,272,592$0$0$551,439
60$1,301,251$0$0$563,394
61$1,329,647$0$0$575,174
62$1,357,654$0$0$586,716
63$1,385,127$0$0$597,951
64$1,411,906$0$0$608,801
65$1,437,809$0$0$619,177
66$1,462,634$0$0$628,984
67$1,486,154$0$0$638,109
68$1,508,114$0$0$646,432
69$1,528,230$0$0$653,816
70$1,546,187$0$0$660,109
71$1,561,630$0$0$665,141
72$1,574,168$0$0$668,725
73$1,583,361$0$0$670,649
74$1,588,724$0$0$670,681
75$1,589,716$0$0$668,564
76$1,585,735$0$0$664,008
77$1,576,116$0$0$656,696
78$1,560,117$0$0$646,275
79$1,536,918$0$0$632,352
80$1,505,609$0$0$614,495
81$1,465,183$0$0$592,221
82$1,414,522$0$0$565,000
83$1,352,391$0$0$532,242
84$1,277,420$0$0$493,295
85$1,188,095$0$0$447,439
86$1,082,741$0$0$393,876
87$959,505$0$0$331,725
88$816,338$0$0$260,011
89$650,975$0$0$177,657
90$460,914$0$0$83,474
91$243,387$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0