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%13.4%
1 years$51,529$51,070$50,623$50,185$49,759$49,056
2 years$25,510$25,034$24,574$24,128$23,695$22,988
3 years$16,837$16,360$15,901$15,459$15,033$14,344
4 years$12,502$12,027$11,572$11,137$10,722$10,056
5 years$9,902$9,429$8,980$8,554$8,150$7,510
6 years$8,169$7,699$7,257$6,841$6,449$5,835
7 years$6,931$6,466$6,031$5,624$5,245$4,657
8 years$6,004$5,543$5,115$4,718$4,351$3,789
9 years$5,283$4,826$4,405$4,019$3,664$3,129
10 years$4,706$4,254$3,841$3,464$3,122$2,612
11 years$4,235$3,787$3,381$3,015$2,685$2,200
12 years$3,842$3,399$3,001$2,645$2,327$1,866
13 years$3,510$3,072$2,681$2,335$2,029$1,592
14 years$3,226$2,792$2,409$2,073$1,779$1,365
15 years$2,980$2,551$2,175$1,848$1,566$1,175
16 years$2,765$2,340$1,972$1,655$1,384$1,015
17 years$2,575$2,155$1,794$1,487$1,227$879
18 years$2,407$1,991$1,638$1,340$1,091$763
19 years$2,256$1,846$1,499$1,211$973$664
20 years$2,121$1,715$1,376$1,097$869$578
21 years$1,999$1,597$1,266$995$777$505
22 years$1,888$1,491$1,167$905$697$441
23 years$1,786$1,395$1,077$824$626$386
24 years$1,694$1,307$996$752$562$338
25 years$1,609$1,226$923$686$506$296
26 years$1,530$1,153$856$628$456$260
27 years$1,458$1,085$795$575$411$228
28 years$1,391$1,022$739$526$371$200
29 years$1,328$964$687$483$335$176
30 years$1,270$911$640$443$302$155
31 years$1,216$861$597$407$273$136
32 years$1,165$814$557$374$247$120
33 years$1,117$771$520$344$224$105
34 years$1,073$731$486$316$203$93
35 years$1,031$693$454$291$184$82
36 years$991$658$425$268$166$72
37 years$954$625$398$247$151$63
38 years$918$594$372$228$137$56
39 years$885$565$349$210$124$49
40 years$853$537$327$194$112$43
41 years$823$512$307$179$102$38
42 years$794$487$288$165$93$34
43 years$767$464$270$152$84$30
44 years$741$443$253$141$76$26
45 years$717$422$238$130$69$23
46 years$693$403$223$120$63$20
47 years$671$384$210$111$57$18
48 years$649$367$197$102$52$16
49 years$629$350$185$95$47$14
50 years$609$335$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 $624,000, adding $2,191 every year, while hoping to spend $30,350 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: 76/17/7 Blend
34$624,000$624,000$624,000$624,000
35$689,908$656,836$647,164$741,565
36$727,986$656,729$636,552$775,717
37$768,932$655,599$624,567$809,031
38$813,004$653,365$611,131$844,664
39$860,490$649,939$596,163$882,836
40$911,702$645,229$579,578$923,786
41$966,987$639,136$561,285$967,780
42$1,026,723$631,557$541,191$1,015,110
43$1,091,327$622,381$519,199$1,066,097
44$1,161,256$611,492$495,206$1,121,099
45$1,237,015$598,766$469,106$1,180,505
46$1,319,157$584,071$440,787$1,244,750
47$1,408,289$567,270$410,132$1,314,309
48$1,505,083$548,214$377,020$1,389,708
49$1,610,274$526,748$341,322$1,471,527
50$1,724,671$502,709$302,906$1,560,405
51$1,849,167$475,921$261,633$1,657,049
52$1,984,742$446,201$217,358$1,762,235
53$2,132,475$413,354$169,928$1,876,823
54$2,293,553$377,174$119,187$2,001,758
55$2,469,284$337,444$64,967$2,138,085
56$2,661,105$293,933$7,098$2,286,955
57$2,870,601$246,398$0$2,449,638
58$3,099,514$194,584$0$2,631,617
59$3,349,763$138,218$0$2,831,187
60$3,623,463$77,014$0$3,049,534
61$3,922,938$10,670$0$3,288,553
62$4,250,751$0$0$3,550,334
63$4,609,723$0$0$3,848,614
64$5,002,960$0$0$4,177,576
65$5,433,883$0$0$4,538,089
66$5,906,260$0$0$4,933,307
67$6,424,240$0$0$5,366,707
68$6,992,394$0$0$5,842,115
69$7,615,755$0$0$6,363,746
70$8,299,868$0$0$6,936,245
71$9,050,841$0$0$7,564,725
72$9,875,401$0$0$8,254,821
73$10,780,960$0$0$9,012,740
74$11,775,681$0$0$9,845,318
75$12,868,558$0$0$10,760,087
76$14,069,499$0$0$11,765,345
77$15,389,418$0$0$12,870,233
78$16,840,342$0$0$14,084,821
79$18,435,518$0$0$15,420,205
80$20,189,542$0$0$16,888,608
81$22,118,495$0$0$18,503,498
82$24,240,094$0$0$20,279,712
83$26,573,860$0$0$22,233,599
84$29,141,300$0$0$24,383,172
85$31,966,111$0$0$26,748,275
86$35,074,404$0$0$29,350,777
87$38,494,947$0$0$32,214,771
88$42,259,438$0$0$35,366,804
89$46,402,805$0$0$38,836,127
90$50,963,531$0$0$42,654,972
91$55,984,022$0$0$46,858,851
92$61,511,003$0$0$51,486,898
93$67,595,959$0$0$56,582,232
94$74,295,622$0$0$62,192,366
95$81,672,504$0$0$68,369,653
96$89,795,489$0$0$75,171,785
97$98,740,477$0$0$82,662,329
98$108,591,109$0$0$90,911,334
99$119,439,547$0$0$99,995,988
100$131,387,348$0$0$110,001,344