Can I retire at age 35 with 623,000?

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 $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%13.4%
1 years$51,447$50,988$50,541$50,105$49,679$48,977
2 years$25,469$24,994$24,535$24,089$23,657$22,951
3 years$16,810$16,334$15,876$15,434$15,009$14,321
4 years$12,482$12,007$11,553$11,119$10,704$10,040
5 years$9,886$9,414$8,966$8,541$8,137$7,498
6 years$8,156$7,687$7,246$6,830$6,439$5,826
7 years$6,920$6,456$6,021$5,615$5,236$4,650
8 years$5,994$5,534$5,106$4,711$4,344$3,783
9 years$5,274$4,818$4,398$4,012$3,658$3,124
10 years$4,698$4,247$3,834$3,459$3,117$2,608
11 years$4,228$3,781$3,376$3,010$2,681$2,197
12 years$3,836$3,393$2,996$2,640$2,323$1,863
13 years$3,504$3,067$2,677$2,331$2,026$1,590
14 years$3,221$2,787$2,405$2,069$1,776$1,363
15 years$2,975$2,546$2,171$1,845$1,564$1,173
16 years$2,760$2,336$1,969$1,652$1,382$1,013
17 years$2,571$2,152$1,791$1,485$1,225$877
18 years$2,403$1,988$1,635$1,338$1,089$762
19 years$2,252$1,843$1,497$1,209$971$663
20 years$2,117$1,712$1,374$1,095$867$577
21 years$1,995$1,595$1,264$994$776$504
22 years$1,885$1,489$1,165$903$696$440
23 years$1,784$1,392$1,075$823$625$385
24 years$1,691$1,305$995$750$561$337
25 years$1,606$1,224$921$685$505$296
26 years$1,528$1,151$854$627$455$259
27 years$1,456$1,083$793$574$410$228
28 years$1,389$1,020$738$526$370$200
29 years$1,326$963$686$482$334$176
30 years$1,268$909$639$442$302$154
31 years$1,214$859$596$406$273$136
32 years$1,163$813$556$373$247$119
33 years$1,116$770$519$343$224$105
34 years$1,071$730$485$316$202$93
35 years$1,029$692$454$291$183$81
36 years$989$657$424$268$166$72
37 years$952$624$397$247$151$63
38 years$917$593$372$227$136$56
39 years$883$564$348$210$124$49
40 years$852$537$327$193$112$43
41 years$822$511$306$178$102$38
42 years$793$486$287$165$92$34
43 years$766$463$270$152$84$30
44 years$740$442$253$140$76$26
45 years$716$421$238$130$69$23
46 years$692$402$223$120$63$20
47 years$670$384$210$111$57$18
48 years$648$366$197$102$52$16
49 years$628$350$185$94$47$14
50 years$608$334$174$87$43$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $623,000, adding $5,996 every year, while hoping to spend $31,408 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: 62/11/27 Blend
34$623,000$623,000$623,000$623,000
35$692,731$659,712$650,055$730,340
36$729,972$658,620$638,414$755,486
37$769,958$656,422$625,331$778,984
38$812,937$653,030$610,723$803,966
39$859,181$648,352$594,506$830,583
40$908,985$642,290$576,590$859,002
41$962,679$634,739$556,882$889,409
42$1,020,619$625,588$535,285$922,010
43$1,083,202$614,721$511,697$957,031
44$1,150,860$602,014$486,010$994,725
45$1,224,070$587,335$458,114$1,035,372
46$1,303,356$570,546$427,892$1,079,281
47$1,389,294$551,498$395,221$1,126,794
48$1,482,517$530,036$359,976$1,178,291
49$1,583,721$505,995$322,023$1,234,192
50$1,693,672$479,201$281,223$1,294,960
51$1,813,214$449,469$237,431$1,361,112
52$1,943,273$416,604$190,495$1,433,214
53$2,084,868$380,399$140,259$1,511,896
54$2,239,123$340,637$86,556$1,597,854
55$2,407,272$297,087$29,214$1,691,857
56$2,590,675$249,505$0$1,794,756
57$2,790,828$197,635$0$1,916,703
58$3,009,377$141,204$0$2,059,107
59$3,248,136$79,925$0$2,214,746
60$3,509,099$13,495$0$2,384,949
61$3,794,465$0$0$2,571,179
62$4,106,653$0$0$2,782,121
63$4,448,326$0$0$3,014,819
64$4,822,418$0$0$3,269,643
65$5,232,159$0$0$3,548,800
66$5,681,105$0$0$3,854,718
67$6,173,176$0$0$4,190,075
68$6,712,684$0$0$4,557,816
69$7,304,381$0$0$4,961,188
70$7,953,503$0$0$5,403,766
71$8,665,814$0$0$5,889,488
72$9,447,663$0$0$6,422,692
73$10,306,046$0$0$7,008,155
74$11,248,668$0$0$7,651,141
75$12,284,016$0$0$8,357,449
76$13,421,442$0$0$9,133,466
77$14,671,245$0$0$9,986,229
78$16,044,774$0$0$10,923,489
79$17,554,530$0$0$11,953,788
80$19,214,287$0$0$13,086,535
81$21,039,218$0$0$14,332,097
82$23,046,043$0$0$15,701,893
83$25,253,180$0$0$17,208,509
84$27,680,922$0$0$18,865,807
85$30,351,630$0$0$20,689,064
86$33,289,938$0$0$22,695,109
87$36,522,991$0$0$24,902,488
88$40,080,695$0$0$27,331,632
89$43,996,005$0$0$30,005,056
90$48,305,229$0$0$32,947,565
91$53,048,376$0$0$36,186,493
92$58,269,528$0$0$39,751,957
93$64,017,259$0$0$43,677,143
94$70,345,093$0$0$47,998,619
95$77,312,005$0$0$52,756,677
96$84,982,981$0$0$57,995,716
97$93,429,628$0$0$63,764,660
98$102,730,853$0$0$70,117,418
99$112,973,602$0$0$77,113,392
100$124,253,684$0$0$84,818,043