Can I retire at age 35 with 616,000?

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 $616,000?

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$50,869$50,416$49,974$49,542$49,121$47,875
2 years$25,183$24,714$24,259$23,818$23,391$22,144
3 years$16,622$16,151$15,697$15,261$14,840$13,631
4 years$12,342$11,872$11,424$10,994$10,584$9,422
5 years$9,775$9,308$8,865$8,445$8,046$6,934
6 years$8,064$7,601$7,164$6,753$6,366$5,306
7 years$6,842$6,383$5,954$5,552$5,178$4,169
8 years$5,927$5,471$5,049$4,658$4,295$3,337
9 years$5,215$4,764$4,349$3,967$3,617$2,710
10 years$4,646$4,199$3,791$3,420$3,082$2,223
11 years$4,180$3,738$3,338$2,976$2,651$1,840
12 years$3,793$3,355$2,962$2,611$2,297$1,533
13 years$3,465$3,032$2,647$2,305$2,003$1,284
14 years$3,184$2,756$2,378$2,046$1,756$1,080
15 years$2,942$2,518$2,147$1,825$1,546$912
16 years$2,729$2,310$1,947$1,634$1,366$772
17 years$2,542$2,127$1,771$1,468$1,212$655
18 years$2,376$1,966$1,617$1,323$1,077$557
19 years$2,227$1,822$1,480$1,195$960$475
20 years$2,094$1,693$1,359$1,083$858$405
21 years$1,973$1,577$1,250$983$767$346
22 years$1,863$1,472$1,152$893$688$296
23 years$1,764$1,377$1,063$814$618$253
24 years$1,672$1,290$983$742$555$217
25 years$1,588$1,211$911$678$499$186
26 years$1,511$1,138$845$620$450$160
27 years$1,439$1,071$784$567$406$137
28 years$1,373$1,009$729$520$366$118
29 years$1,311$952$679$477$330$101
30 years$1,254$899$632$437$299$87
31 years$1,200$850$589$402$270$75
32 years$1,150$804$550$369$244$64
33 years$1,103$761$513$339$221$55
34 years$1,059$722$480$312$200$47
35 years$1,017$685$448$288$181$41
36 years$978$650$420$265$164$35
37 years$941$617$393$244$149$30
38 years$907$586$368$225$135$26
39 years$873$558$345$207$122$22
40 years$842$531$323$191$111$19
41 years$812$505$303$176$101$16
42 years$784$481$284$163$91$14
43 years$757$458$267$150$83$12
44 years$732$437$250$139$75$10
45 years$708$417$235$128$68$9
46 years$684$397$221$118$62$8
47 years$662$379$207$109$56$7
48 years$641$362$195$101$51$6
49 years$621$346$183$93$46$5
50 years$601$330$172$86$42$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $616,000, adding $6,186 every year, while hoping to spend $44,426 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: 46/34/20 Blend
34$616,000$616,000$616,000$616,000
35$685,213$652,565$643,017$712,555
36$707,836$637,272$617,289$717,021
37$731,277$619,740$589,210$716,952
38$755,573$599,814$558,655$715,953
39$780,764$577,326$525,492$713,959
40$806,890$552,103$489,584$710,899
41$833,995$523,958$450,787$706,701
42$862,126$492,696$408,952$701,285
43$891,332$458,108$363,922$694,573
44$921,668$419,975$315,533$686,479
45$953,190$378,066$263,615$676,913
46$985,959$332,134$207,990$665,783
47$1,020,039$281,922$148,470$652,990
48$1,055,502$227,154$84,862$638,433
49$1,092,422$167,543$16,964$622,004
50$1,130,878$102,783$0$603,593
51$1,170,959$32,550$0$594,924
52$1,212,758$0$0$588,667
53$1,256,374$0$0$597,392
54$1,301,916$0$0$619,235
55$1,349,501$0$0$642,074
56$1,399,256$0$0$665,972
57$1,451,317$0$0$690,998
58$1,505,833$0$0$717,225
59$1,562,963$0$0$744,732
60$1,622,882$0$0$773,608
61$1,685,778$0$0$803,946
62$1,751,857$0$0$835,849
63$1,821,341$0$0$869,427
64$1,894,472$0$0$904,803
65$1,971,514$0$0$942,107
66$2,052,755$0$0$981,485
67$2,138,507$0$0$1,023,093
68$2,229,110$0$0$1,067,101
69$2,324,939$0$0$1,113,698
70$2,426,398$0$0$1,163,087
71$2,533,933$0$0$1,215,490
72$2,648,027$0$0$1,271,153
73$2,769,211$0$0$1,330,342
74$2,898,065$0$0$1,393,347
75$3,035,224$0$0$1,460,490
76$3,181,382$0$0$1,532,119
77$3,337,299$0$0$1,608,619
78$3,503,810$0$0$1,690,408
79$3,681,828$0$0$1,777,948
80$3,872,353$0$0$1,871,743
81$4,076,483$0$0$1,972,347
82$4,295,423$0$0$2,080,368
83$4,530,494$0$0$2,196,472
84$4,783,145$0$0$2,321,392
85$5,054,969$0$0$2,455,932
86$5,347,714$0$0$2,600,974
87$5,663,298$0$0$2,757,488
88$6,003,830$0$0$2,926,540
89$6,371,627$0$0$3,109,301
90$6,769,235$0$0$3,307,057
91$7,199,451$0$0$3,521,224
92$7,665,352$0$0$3,753,356
93$8,170,318$0$0$4,005,164
94$8,718,069$0$0$4,278,529
95$9,312,693$0$0$4,575,520
96$9,958,689$0$0$4,898,412
97$10,661,003$0$0$5,249,709
98$11,425,079$0$0$5,632,165
99$12,256,905$0$0$6,048,812
100$13,163,071$0$0$6,502,986