Can I retire at age 35 with 601,000?

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 $601,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$49,630$49,188$48,757$48,336$47,925$47,092
2 years$24,569$24,112$23,668$23,238$22,821$21,985
3 years$16,217$15,757$15,315$14,889$14,479$13,665
4 years$12,041$11,583$11,145$10,727$10,326$9,541
5 years$9,537$9,081$8,649$8,239$7,850$7,096
6 years$7,868$7,416$6,990$6,589$6,211$5,489
7 years$6,676$6,228$5,809$5,417$5,052$4,362
8 years$5,782$5,338$4,926$4,544$4,191$3,533
9 years$5,088$4,648$4,243$3,871$3,529$2,903
10 years$4,533$4,097$3,699$3,337$3,007$2,412
11 years$4,078$3,647$3,257$2,904$2,586$2,021
12 years$3,700$3,274$2,890$2,547$2,241$1,706
13 years$3,381$2,958$2,582$2,249$1,954$1,448
14 years$3,107$2,689$2,320$1,996$1,713$1,234
15 years$2,870$2,456$2,095$1,780$1,508$1,057
16 years$2,663$2,254$1,899$1,594$1,333$907
17 years$2,480$2,076$1,728$1,432$1,182$781
18 years$2,318$1,918$1,578$1,291$1,051$674
19 years$2,173$1,778$1,444$1,166$937$583
20 years$2,043$1,652$1,325$1,056$837$505
21 years$1,925$1,539$1,219$959$749$438
22 years$1,818$1,436$1,124$872$671$381
23 years$1,721$1,343$1,037$794$602$331
24 years$1,631$1,259$959$724$542$288
25 years$1,549$1,181$889$661$487$251
26 years$1,474$1,110$824$605$439$219
27 years$1,404$1,045$765$553$396$191
28 years$1,339$984$711$507$357$166
29 years$1,279$929$662$465$322$145
30 years$1,223$877$617$427$291$127
31 years$1,171$829$575$392$263$111
32 years$1,122$784$536$360$238$97
33 years$1,076$743$501$331$216$85
34 years$1,033$704$468$305$195$74
35 years$993$668$438$281$177$65
36 years$955$634$409$258$160$57
37 years$918$602$383$238$145$50
38 years$884$572$359$219$132$43
39 years$852$544$336$202$119$38
40 years$822$518$315$187$108$33
41 years$793$493$295$172$98$29
42 years$765$469$277$159$89$25
43 years$739$447$260$147$81$22
44 years$714$426$244$135$73$19
45 years$690$406$229$125$67$17
46 years$668$388$215$116$61$15
47 years$646$370$202$107$55$13
48 years$625$353$190$99$50$11
49 years$606$337$179$91$45$10
50 years$587$322$168$84$41$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $601,000, adding $5,050 every year, while hoping to spend $56,025 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: 40/45/15 Blend
34$601,000$601,000$601,000$601,000
35$667,511$635,658$626,343$691,046
36$675,987$607,195$587,715$679,758
37$683,450$575,460$545,915$661,715
38$689,737$540,233$500,779$640,991
39$694,667$501,281$452,132$617,372
40$698,040$458,361$399,795$590,624
41$699,631$411,211$343,579$560,498
42$699,192$359,559$283,287$526,723
43$696,445$303,113$218,714$489,011
44$691,086$241,569$149,644$447,048
45$682,774$174,603$75,854$400,496
46$671,131$101,873$0$348,993
47$655,741$23,019$0$292,610
48$636,140$0$0$243,445
49$611,814$0$0$219,801
50$582,198$0$0$205,174
51$546,662$0$0$187,889
52$504,511$0$0$167,637
53$454,977$0$0$144,078
54$397,209$0$0$116,835
55$330,267$0$0$85,491
56$253,112$0$0$49,589
57$164,595$0$0$8,618
58$63,449$0$0$0
59$0$0$0$0
60$0$0$0$0
61$0$0$0$0
62$0$0$0$0
63$0$0$0$0
64$0$0$0$0
65$0$0$0$0
66$0$0$0$0
67$0$0$0$0
68$0$0$0$0
69$0$0$0$0
70$0$0$0$0
71$0$0$0$0
72$0$0$0$0
73$0$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$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