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%17.6%
1 years$51,529$51,070$50,623$50,185$49,759$48,224
2 years$25,510$25,034$24,574$24,128$23,695$22,162
3 years$16,837$16,360$15,901$15,459$15,033$13,550
4 years$12,502$12,027$11,572$11,137$10,722$9,300
5 years$9,902$9,429$8,980$8,554$8,150$6,794
6 years$8,169$7,699$7,257$6,841$6,449$5,159
7 years$6,931$6,466$6,031$5,624$5,245$4,021
8 years$6,004$5,543$5,115$4,718$4,351$3,193
9 years$5,283$4,826$4,405$4,019$3,664$2,570
10 years$4,706$4,254$3,841$3,464$3,122$2,091
11 years$4,235$3,787$3,381$3,015$2,685$1,715
12 years$3,842$3,399$3,001$2,645$2,327$1,415
13 years$3,510$3,072$2,681$2,335$2,029$1,174
14 years$3,226$2,792$2,409$2,073$1,779$978
15 years$2,980$2,551$2,175$1,848$1,566$818
16 years$2,765$2,340$1,972$1,655$1,384$685
17 years$2,575$2,155$1,794$1,487$1,227$576
18 years$2,407$1,991$1,638$1,340$1,091$485
19 years$2,256$1,846$1,499$1,211$973$409
20 years$2,121$1,715$1,376$1,097$869$345
21 years$1,999$1,597$1,266$995$777$292
22 years$1,888$1,491$1,167$905$697$247
23 years$1,786$1,395$1,077$824$626$209
24 years$1,694$1,307$996$752$562$177
25 years$1,609$1,226$923$686$506$150
26 years$1,530$1,153$856$628$456$127
27 years$1,458$1,085$795$575$411$108
28 years$1,391$1,022$739$526$371$92
29 years$1,328$964$687$483$335$78
30 years$1,270$911$640$443$302$66
31 years$1,216$861$597$407$273$56
32 years$1,165$814$557$374$247$48
33 years$1,117$771$520$344$224$40
34 years$1,073$731$486$316$203$34
35 years$1,031$693$454$291$184$29
36 years$991$658$425$268$166$25
37 years$954$625$398$247$151$21
38 years$918$594$372$228$137$18
39 years$885$565$349$210$124$15
40 years$853$537$327$194$112$13
41 years$823$512$307$179$102$11
42 years$794$487$288$165$93$9
43 years$767$464$270$152$84$8
44 years$741$443$253$141$76$7
45 years$717$422$238$130$69$6
46 years$693$403$223$120$63$5
47 years$671$384$210$111$57$4
48 years$649$367$197$102$52$4
49 years$629$350$185$95$47$3
50 years$609$335$174$87$43$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $624,000, adding $5,761 every year, while hoping to spend $41,092 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: 59/36/5 Blend
34$624,000$624,000$624,000$624,000
35$693,590$660,518$650,846$733,557
36$720,615$649,162$628,928$749,655
37$749,019$635,872$604,899$761,971
38$778,900$620,511$578,643$774,354
39$810,363$602,931$550,043$786,810
40$843,523$582,978$518,973$799,351
41$878,507$560,489$485,303$811,988
42$915,451$535,289$448,897$824,738
43$954,505$507,196$409,613$837,622
44$995,831$476,015$367,301$850,666
45$1,039,606$441,541$321,807$863,899
46$1,086,027$403,557$272,968$877,357
47$1,135,304$361,833$220,615$891,084
48$1,187,670$316,129$164,571$905,129
49$1,243,380$266,186$104,651$919,553
50$1,302,711$211,735$40,663$934,423
51$1,365,967$152,490$0$949,819
52$1,433,483$88,149$0$967,308
53$1,505,623$18,393$0$987,933
54$1,582,788$0$0$1,009,654
55$1,665,417$0$0$1,055,250
56$1,753,991$0$0$1,111,970
57$1,849,039$0$0$1,172,873
58$1,951,141$0$0$1,238,333
59$2,060,932$0$0$1,308,764
60$2,179,111$0$0$1,384,618
61$2,306,445$0$0$1,466,394
62$2,443,777$0$0$1,554,639
63$2,592,032$0$0$1,649,952
64$2,752,228$0$0$1,752,995
65$2,925,481$0$0$1,864,493
66$3,113,020$0$0$1,985,243
67$3,316,197$0$0$2,116,123
68$3,536,496$0$0$2,258,096
69$3,775,549$0$0$2,412,224
70$4,035,153$0$0$2,579,673
71$4,317,284$0$0$2,761,726
72$4,624,114$0$0$2,959,794
73$4,958,034$0$0$3,175,431
74$5,321,676$0$0$3,410,346
75$5,717,934$0$0$3,666,419
76$6,149,993$0$0$3,945,720
77$6,621,361$0$0$4,250,528
78$7,135,896$0$0$4,583,351
79$7,697,847$0$0$4,946,948
80$8,311,892$0$0$5,344,359
81$8,983,178$0$0$5,778,930
82$9,717,374$0$0$6,254,344
83$10,520,723$0$0$6,774,659
84$11,400,097$0$0$7,344,341
85$12,363,064$0$0$7,968,308
86$13,417,959$0$0$8,651,977
87$14,573,960$0$0$9,401,314
88$15,841,175$0$0$10,222,889
89$17,230,737$0$0$11,123,938
90$18,754,907$0$0$12,112,430
91$20,427,193$0$0$13,197,145
92$22,262,469$0$0$14,387,752
93$24,277,121$0$0$15,694,903
94$26,489,201$0$0$17,130,331
95$28,918,591$0$0$18,706,960
96$31,587,194$0$0$20,439,030
97$34,519,141$0$0$22,342,226
98$37,741,013$0$0$24,433,827
99$41,282,094$0$0$26,732,872
100$45,174,649$0$0$29,260,334