Can I retire at age 35 with 624,000?

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 $624,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$51,529$51,070$50,623$50,185$49,759$49,507
2 years$25,510$25,034$24,574$24,128$23,695$23,441
3 years$16,837$16,360$15,901$15,459$15,033$14,785
4 years$12,502$12,027$11,572$11,137$10,722$10,481
5 years$9,902$9,429$8,980$8,554$8,150$7,918
6 years$8,169$7,699$7,257$6,841$6,449$6,225
7 years$6,931$6,466$6,031$5,624$5,245$5,029
8 years$6,004$5,543$5,115$4,718$4,351$4,144
9 years$5,283$4,826$4,405$4,019$3,664$3,466
10 years$4,706$4,254$3,841$3,464$3,122$2,932
11 years$4,235$3,787$3,381$3,015$2,685$2,504
12 years$3,842$3,399$3,001$2,645$2,327$2,153
13 years$3,510$3,072$2,681$2,335$2,029$1,864
14 years$3,226$2,792$2,409$2,073$1,779$1,621
15 years$2,980$2,551$2,175$1,848$1,566$1,416
16 years$2,765$2,340$1,972$1,655$1,384$1,242
17 years$2,575$2,155$1,794$1,487$1,227$1,092
18 years$2,407$1,991$1,638$1,340$1,091$963
19 years$2,256$1,846$1,499$1,211$973$851
20 years$2,121$1,715$1,376$1,097$869$754
21 years$1,999$1,597$1,266$995$777$669
22 years$1,888$1,491$1,167$905$697$594
23 years$1,786$1,395$1,077$824$626$528
24 years$1,694$1,307$996$752$562$471
25 years$1,609$1,226$923$686$506$420
26 years$1,530$1,153$856$628$456$375
27 years$1,458$1,085$795$575$411$335
28 years$1,391$1,022$739$526$371$299
29 years$1,328$964$687$483$335$267
30 years$1,270$911$640$443$302$239
31 years$1,216$861$597$407$273$214
32 years$1,165$814$557$374$247$192
33 years$1,117$771$520$344$224$172
34 years$1,073$731$486$316$203$154
35 years$1,031$693$454$291$184$138
36 years$991$658$425$268$166$124
37 years$954$625$398$247$151$111
38 years$918$594$372$228$137$100
39 years$885$565$349$210$124$90
40 years$853$537$327$194$112$81
41 years$823$512$307$179$102$72
42 years$794$487$288$165$93$65
43 years$767$464$270$152$84$58
44 years$741$443$253$141$76$52
45 years$717$422$238$130$69$47
46 years$693$403$223$120$63$42
47 years$671$384$210$111$57$38
48 years$649$367$197$102$52$34
49 years$629$350$185$95$47$31
50 years$609$335$174$87$43$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $624,000, adding $6,888 every year, while hoping to spend $27,174 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: 66/9/25 Blend
34$624,000$624,000$624,000$624,000
35$694,753$661,681$652,009$735,671
36$736,705$665,190$644,938$767,573
37$782,025$667,961$636,720$798,746
38$831,028$669,928$627,287$832,211
39$884,061$671,022$616,569$868,195
40$941,504$671,171$604,492$906,947
41$1,003,774$670,295$590,980$948,747
42$1,071,333$668,313$575,952$993,899
43$1,144,686$665,137$559,323$1,042,741
44$1,224,389$660,674$541,005$1,095,647
45$1,311,054$654,825$520,907$1,153,029
46$1,405,356$647,485$498,931$1,215,342
47$1,508,034$638,544$474,977$1,283,088
48$1,619,904$627,884$448,940$1,356,822
49$1,741,864$615,379$420,708$1,437,157
50$1,874,900$600,900$390,169$1,524,769
51$2,020,101$584,304$357,200$1,620,403
52$2,178,661$565,445$321,676$1,724,885
53$2,351,899$544,166$283,467$1,839,123
54$2,541,264$520,302$242,434$1,964,120
55$2,748,353$493,676$198,435$2,100,986
56$2,974,922$464,104$151,321$2,250,941
57$3,222,909$431,390$100,934$2,415,335
58$3,494,443$395,325$47,113$2,595,656
59$3,791,872$355,692$0$2,793,547
60$4,117,780$312,258$0$3,013,574
61$4,475,013$264,778$0$3,268,572
62$4,866,706$212,995$0$3,548,217
63$5,296,313$156,634$0$3,854,994
64$5,767,635$95,407$0$4,191,640
65$6,284,861$29,010$0$4,561,174
66$6,852,606$0$0$4,966,920
67$7,475,952$0$0$5,416,789
68$8,160,497$0$0$5,914,023
69$8,912,408$0$0$6,460,233
70$9,738,480$0$0$7,060,360
71$10,646,196$0$0$7,719,848
72$11,643,804$0$0$8,444,692
73$12,740,385$0$0$9,241,499
74$13,945,949$0$0$10,117,548
75$15,271,520$0$0$11,080,855
76$16,729,247$0$0$12,140,257
77$18,332,513$0$0$13,305,486
78$20,096,065$0$0$14,587,266
79$22,036,147$0$0$15,997,413
80$24,170,663$0$0$17,548,947
81$26,519,334$0$0$19,256,210
82$29,103,892$0$0$21,135,008
83$31,948,282$0$0$23,202,755
84$35,078,887$0$0$25,478,640
85$38,524,778$0$0$27,983,805
86$42,317,987$0$0$30,741,547
87$46,493,810$0$0$33,777,536
88$51,091,137$0$0$37,120,056
89$56,152,823$0$0$40,800,275
90$61,726,088$0$0$44,852,537
91$67,862,964$0$0$49,314,685
92$74,620,788$0$0$54,228,418
93$82,062,738$0$0$59,639,687
94$90,258,432$0$0$65,599,124
95$99,284,582$0$0$72,162,523
96$109,225,724$0$0$79,391,366
97$120,175,007$0$0$87,353,402
98$132,235,077$0$0$96,123,285
99$145,519,043$0$0$105,783,281
100$160,151,549$0$0$116,424,042