Can I retire at age 35 with 623,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $623,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$51,447$50,988$50,541$50,105$49,679$48,478
2 years$25,469$24,994$24,535$24,089$23,657$22,454
3 years$16,810$16,334$15,876$15,434$15,009$13,842
4 years$12,482$12,007$11,553$11,119$10,704$9,582
5 years$9,886$9,414$8,966$8,541$8,137$7,063
6 years$8,156$7,687$7,246$6,830$6,439$5,414
7 years$6,920$6,456$6,021$5,615$5,236$4,260
8 years$5,994$5,534$5,106$4,711$4,344$3,417
9 years$5,274$4,818$4,398$4,012$3,658$2,779
10 years$4,698$4,247$3,834$3,459$3,117$2,285
11 years$4,228$3,781$3,376$3,010$2,681$1,894
12 years$3,836$3,393$2,996$2,640$2,323$1,581
13 years$3,504$3,067$2,677$2,331$2,026$1,327
14 years$3,221$2,787$2,405$2,069$1,776$1,118
15 years$2,975$2,546$2,171$1,845$1,564$946
16 years$2,760$2,336$1,969$1,652$1,382$803
17 years$2,571$2,152$1,791$1,485$1,225$683
18 years$2,403$1,988$1,635$1,338$1,089$582
19 years$2,252$1,843$1,497$1,209$971$497
20 years$2,117$1,712$1,374$1,095$867$425
21 years$1,995$1,595$1,264$994$776$364
22 years$1,885$1,489$1,165$903$696$312
23 years$1,784$1,392$1,075$823$625$268
24 years$1,691$1,305$995$750$561$230
25 years$1,606$1,224$921$685$505$198
26 years$1,528$1,151$854$627$455$170
27 years$1,456$1,083$793$574$410$146
28 years$1,389$1,020$738$526$370$126
29 years$1,326$963$686$482$334$108
30 years$1,268$909$639$442$302$93
31 years$1,214$859$596$406$273$80
32 years$1,163$813$556$373$247$69
33 years$1,116$770$519$343$224$60
34 years$1,071$730$485$316$202$51
35 years$1,029$692$454$291$183$44
36 years$989$657$424$268$166$38
37 years$952$624$397$247$151$33
38 years$917$593$372$227$136$28
39 years$883$564$348$210$124$24
40 years$852$537$327$193$112$21
41 years$822$511$306$178$102$18
42 years$793$486$287$165$92$16
43 years$766$463$270$152$84$14
44 years$740$442$253$140$76$12
45 years$716$421$238$130$69$10
46 years$692$402$223$120$63$9
47 years$670$384$210$111$57$8
48 years$648$366$197$102$52$6
49 years$628$350$185$94$47$6
50 years$608$334$174$87$43$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $623,000, adding $6,634 every year, while hoping to spend $34,219 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: 48/34/18 Blend
34$623,000$623,000$623,000$623,000
35$693,389$660,370$650,713$722,865
36$727,706$656,319$636,104$739,953
37$764,376$650,923$619,857$754,486
38$803,604$644,080$601,884$769,536
39$845,613$635,681$582,088$785,166
40$890,648$625,612$560,371$801,447
41$938,978$613,751$536,627$818,457
42$990,898$599,969$510,749$836,287
43$1,046,733$584,131$482,622$855,040
44$1,106,838$566,092$452,129$874,828
45$1,171,605$545,699$419,143$895,783
46$1,241,461$522,791$383,537$918,048
47$1,316,878$497,196$345,174$941,788
48$1,398,375$468,734$303,913$967,185
49$1,486,521$437,213$259,605$994,445
50$1,581,941$402,432$212,097$1,023,798
51$1,685,323$364,176$161,227$1,055,502
52$1,797,424$322,218$106,826$1,089,846
53$1,919,076$276,322$48,720$1,127,151
54$2,051,194$226,233$0$1,167,777
55$2,194,782$171,685$0$1,214,678
56$2,350,950$112,398$0$1,275,903
57$2,520,914$48,072$0$1,342,621
58$2,706,015$0$0$1,415,429
59$2,907,727$0$0$1,503,072
60$3,127,673$0$0$1,618,312
61$3,367,639$0$0$1,744,108
62$3,629,592$0$0$1,881,497
63$3,915,695$0$0$2,031,624
64$4,228,331$0$0$2,195,748
65$4,570,122$0$0$2,375,255
66$4,943,957$0$0$2,571,671
67$5,353,016$0$0$2,786,676
68$5,800,799$0$0$3,022,123
69$6,291,161$0$0$3,280,047
70$6,828,349$0$0$3,562,695
71$7,417,038$0$0$3,872,537
72$8,062,378$0$0$4,212,297
73$8,770,039$0$0$4,584,971
74$9,546,269$0$0$4,993,864
75$10,397,948$0$0$5,442,612
76$11,332,653$0$0$5,935,223
77$12,358,733$0$0$6,476,111
78$13,485,383$0$0$7,070,137
79$14,722,732$0$0$7,722,657
80$16,081,938$0$0$8,439,573
81$17,575,295$0$0$9,227,384
82$19,216,343$0$0$10,093,252
83$21,020,002$0$0$11,045,065
84$23,002,707$0$0$12,091,516
85$25,182,566$0$0$13,242,181
86$27,579,528$0$0$14,507,609
87$30,215,573$0$0$15,899,424
88$33,114,917$0$0$17,430,434
89$36,304,241$0$0$19,114,749
90$39,812,942$0$0$20,967,916
91$43,673,409$0$0$23,007,065
92$47,921,329$0$0$25,251,070
93$52,596,023$0$0$27,720,729
94$57,740,818$0$0$30,438,955
95$63,403,453$0$0$33,430,998
96$69,636,527$0$0$36,724,678
97$76,498,002$0$0$40,350,650
98$84,051,742$0$0$44,342,694
99$92,368,117$0$0$48,738,028
100$101,524,671$0$0$53,577,667