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%16.2%
1 years$49,630$49,188$48,757$48,336$47,925$46,709
2 years$24,569$24,112$23,668$23,238$22,821$21,605
3 years$16,217$15,757$15,315$14,889$14,479$13,299
4 years$12,041$11,583$11,145$10,727$10,326$9,192
5 years$9,537$9,081$8,649$8,239$7,850$6,765
6 years$7,868$7,416$6,990$6,589$6,211$5,177
7 years$6,676$6,228$5,809$5,417$5,052$4,067
8 years$5,782$5,338$4,926$4,544$4,191$3,256
9 years$5,088$4,648$4,243$3,871$3,529$2,644
10 years$4,533$4,097$3,699$3,337$3,007$2,169
11 years$4,078$3,647$3,257$2,904$2,586$1,795
12 years$3,700$3,274$2,890$2,547$2,241$1,495
13 years$3,381$2,958$2,582$2,249$1,954$1,252
14 years$3,107$2,689$2,320$1,996$1,713$1,054
15 years$2,870$2,456$2,095$1,780$1,508$889
16 years$2,663$2,254$1,899$1,594$1,333$753
17 years$2,480$2,076$1,728$1,432$1,182$639
18 years$2,318$1,918$1,578$1,291$1,051$544
19 years$2,173$1,778$1,444$1,166$937$463
20 years$2,043$1,652$1,325$1,056$837$395
21 years$1,925$1,539$1,219$959$749$338
22 years$1,818$1,436$1,124$872$671$289
23 years$1,721$1,343$1,037$794$602$247
24 years$1,631$1,259$959$724$542$212
25 years$1,549$1,181$889$661$487$182
26 years$1,474$1,110$824$605$439$156
27 years$1,404$1,045$765$553$396$134
28 years$1,339$984$711$507$357$115
29 years$1,279$929$662$465$322$99
30 years$1,223$877$617$427$291$85
31 years$1,171$829$575$392$263$73
32 years$1,122$784$536$360$238$63
33 years$1,076$743$501$331$216$54
34 years$1,033$704$468$305$195$46
35 years$993$668$438$281$177$40
36 years$955$634$409$258$160$34
37 years$918$602$383$238$145$29
38 years$884$572$359$219$132$25
39 years$852$544$336$202$119$22
40 years$822$518$315$187$108$19
41 years$793$493$295$172$98$16
42 years$765$469$277$159$89$14
43 years$739$447$260$147$81$12
44 years$714$426$244$135$73$10
45 years$690$406$229$125$67$9
46 years$668$388$215$116$61$8
47 years$646$370$202$107$55$7
48 years$625$353$190$99$50$6
49 years$606$337$179$91$45$5
50 years$587$322$168$84$41$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $601,000, adding $2,348 every year, while hoping to spend $37,827 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: 36/34/30 Blend
34$601,000$601,000$601,000$601,000
35$664,724$632,871$623,555$682,609
36$692,278$623,634$604,197$686,950
37$721,375$612,677$582,922$688,070
38$752,132$599,875$559,627$688,566
39$784,678$585,096$534,202$688,409
40$819,151$568,203$506,534$687,570
41$855,706$549,046$476,505$686,020
42$894,509$527,470$443,988$683,730
43$935,742$503,309$408,856$680,676
44$979,606$476,390$370,971$676,830
45$1,026,320$446,527$330,192$672,171
46$1,076,122$413,524$286,371$666,677
47$1,129,275$377,176$239,353$660,332
48$1,186,067$337,263$188,977$653,121
49$1,246,812$293,555$135,074$645,035
50$1,311,856$245,808$77,468$636,069
51$1,381,577$193,764$15,975$626,225
52$1,456,390$137,152$0$615,511
53$1,536,753$75,683$0$619,837
54$1,623,164$9,054$0$629,824
55$1,716,174$0$0$640,458
56$1,816,385$0$0$675,448
57$1,924,460$0$0$716,901
58$2,041,128$0$0$761,718
59$2,167,187$0$0$810,216
60$2,303,517$0$0$862,739
61$2,451,084$0$0$919,672
62$2,610,950$0$0$981,433
63$2,784,282$0$0$1,048,485
64$2,972,366$0$0$1,121,334
65$3,176,612$0$0$1,200,540
66$3,398,576$0$0$1,286,718
67$3,639,965$0$0$1,380,542
68$3,902,660$0$0$1,482,758
69$4,188,729$0$0$1,594,184
70$4,500,450$0$0$1,715,722
71$4,840,327$0$0$1,848,362
72$5,211,117$0$0$1,993,197
73$5,615,856$0$0$2,151,430
74$6,057,884$0$0$2,324,381
75$6,540,880$0$0$2,513,510
76$7,068,891$0$0$2,720,419
77$7,646,376$0$0$2,946,874
78$8,278,243$0$0$3,194,821
79$8,969,896$0$0$3,466,400
80$9,727,287$0$0$3,763,969
81$10,556,969$0$0$4,090,127
82$11,466,160$0$0$4,447,733
83$12,462,809$0$0$4,839,939
84$13,555,669$0$0$5,270,212
85$14,754,384$0$0$5,742,377
86$16,069,572$0$0$6,260,643
87$17,512,932$0$0$6,829,647
88$19,097,349$0$0$7,454,497
89$20,837,017$0$0$8,140,821
90$22,747,570$0$0$8,894,818
91$24,846,234$0$0$9,723,318
92$27,151,981$0$0$10,633,843
93$29,685,714$0$0$11,634,682
94$32,470,461$0$0$12,734,966
95$35,531,591$0$0$13,944,756
96$38,897,055$0$0$15,275,136
97$42,597,646$0$0$16,738,317
98$46,667,289$0$0$18,347,754
99$51,143,363$0$0$20,118,270
100$56,067,051$0$0$22,066,199