Can I retire at age 35 with 602,000?

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 $602,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$49,713$49,270$48,838$48,416$48,004$47,326
2 years$24,610$24,152$23,708$23,277$22,859$22,177
3 years$16,244$15,784$15,340$14,914$14,503$13,838
4 years$12,061$11,603$11,164$10,745$10,344$9,701
5 years$9,553$9,097$8,664$8,253$7,863$7,245
6 years$7,881$7,428$7,002$6,600$6,222$5,629
7 years$6,687$6,238$5,818$5,426$5,060$4,493
8 years$5,792$5,347$4,934$4,552$4,198$3,656
9 years$5,096$4,656$4,250$3,877$3,535$3,018
10 years$4,540$4,104$3,705$3,342$3,012$2,520
11 years$4,085$3,653$3,262$2,909$2,590$2,122
12 years$3,707$3,279$2,895$2,551$2,245$1,800
13 years$3,386$2,963$2,586$2,252$1,958$1,536
14 years$3,112$2,694$2,324$1,999$1,716$1,317
15 years$2,875$2,461$2,098$1,783$1,511$1,134
16 years$2,667$2,258$1,902$1,597$1,335$979
17 years$2,484$2,079$1,731$1,435$1,184$848
18 years$2,322$1,921$1,580$1,293$1,053$736
19 years$2,177$1,781$1,447$1,168$938$640
20 years$2,046$1,655$1,328$1,058$838$558
21 years$1,928$1,541$1,221$960$750$487
22 years$1,821$1,439$1,125$873$672$426
23 years$1,723$1,346$1,039$795$604$372
24 years$1,634$1,261$961$725$542$326
25 years$1,552$1,183$890$662$488$286
26 years$1,476$1,112$826$606$440$251
27 years$1,407$1,046$767$554$396$220
28 years$1,342$986$713$508$358$193
29 years$1,282$930$663$466$323$170
30 years$1,225$878$618$427$292$149
31 years$1,173$830$576$393$264$131
32 years$1,124$786$537$361$239$115
33 years$1,078$744$502$332$216$102
34 years$1,035$705$469$305$196$89
35 years$994$669$438$281$177$79
36 years$956$635$410$259$160$69
37 years$920$603$384$238$145$61
38 years$886$573$359$220$132$54
39 years$854$545$337$203$120$47
40 years$823$518$316$187$108$42
41 years$794$494$296$172$98$37
42 years$766$470$278$159$89$32
43 years$740$448$260$147$81$29
44 years$715$427$244$136$74$25
45 years$691$407$230$125$67$22
46 years$669$388$216$116$61$20
47 years$647$371$203$107$55$17
48 years$626$354$190$99$50$15
49 years$607$338$179$91$45$13
50 years$588$323$168$84$41$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $602,000, adding $4,504 every year, while hoping to spend $25,381 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: 62/16/22 Blend
34$602,000$602,000$602,000$602,000
35$668,050$636,144$626,813$705,363
36$709,186$640,310$620,806$735,285
37$753,667$643,829$613,747$764,729
38$801,808$646,643$605,574$796,303
39$853,954$648,690$596,223$830,220
40$910,485$649,904$585,624$866,711
41$971,819$650,215$573,707$906,036
42$1,038,416$649,547$560,398$948,477
43$1,110,782$647,821$545,619$994,350
44$1,189,472$644,955$529,287$1,044,003
45$1,275,098$640,857$511,318$1,097,818
46$1,368,333$635,435$491,622$1,156,220
47$1,469,918$628,586$470,107$1,219,677
48$1,580,668$620,206$446,674$1,288,705
49$1,701,481$610,180$421,222$1,363,877
50$1,833,344$598,391$393,645$1,445,821
51$1,977,343$584,710$363,830$1,535,235
52$2,134,676$569,005$331,662$1,632,887
53$2,306,659$551,132$297,019$1,739,627
54$2,494,744$530,943$259,775$1,856,390
55$2,700,526$508,278$219,796$1,984,211
56$2,925,765$482,969$176,944$2,124,232
57$3,172,397$454,838$131,075$2,277,714
58$3,442,553$423,697$82,038$2,446,048
59$3,738,582$389,347$29,675$2,630,768
60$4,063,070$351,577$0$2,833,569
61$4,418,866$310,167$0$3,062,472
62$4,809,105$264,880$0$3,321,223
63$5,237,244$215,469$0$3,605,167
64$5,707,087$161,672$0$3,916,861
65$6,222,827$103,211$0$4,259,122
66$6,789,082$39,794$0$4,635,054
67$7,410,937$0$0$5,048,082
68$8,093,997$0$0$5,507,065
69$8,844,435$0$0$6,019,067
70$9,669,049$0$0$6,581,727
71$10,575,333$0$0$7,200,162
72$11,571,538$0$0$7,880,012
73$12,666,759$0$0$8,627,488
74$13,871,012$0$0$9,449,433
75$15,195,335$0$0$10,353,387
76$16,651,887$0$0$11,347,659
77$18,254,066$0$0$12,441,400
78$20,016,634$0$0$13,644,696
79$21,955,854$0$0$14,968,657
80$24,089,647$0$0$16,425,527
81$26,437,756$0$0$18,028,795
82$29,021,939$0$0$19,793,324
83$31,866,165$0$0$21,735,491
84$34,996,848$0$0$23,873,341
85$38,443,091$0$0$26,226,758
86$42,236,963$0$0$28,817,651
87$46,413,799$0$0$31,670,162
88$51,012,535$0$0$34,810,893
89$56,076,075$0$0$38,269,154
90$61,651,694$0$0$42,077,246
91$67,791,486$0$0$46,270,759
92$74,552,853$0$0$50,888,912
93$81,999,049$0$0$55,974,920
94$90,199,774$0$0$61,576,405
95$99,231,832$0$0$67,745,841
96$109,179,859$0$0$74,541,051
97$120,137,115$0$0$82,025,754
98$132,206,369$0$0$90,270,164
99$145,500,869$0$0$99,351,655
100$160,145,405$0$0$109,355,487