Can I retire at age 35 with 583,000?

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 $583,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$48,144$47,715$47,296$46,888$46,489$46,100
2 years$23,833$23,390$22,959$22,542$22,138$21,745
3 years$15,731$15,285$14,856$14,443$14,045$13,662
4 years$11,681$11,236$10,812$10,405$10,017$9,646
5 years$9,251$8,809$8,390$7,992$7,615$7,257
6 years$7,632$7,194$6,781$6,392$6,025$5,681
7 years$6,476$6,041$5,635$5,255$4,900$4,569
8 years$5,609$5,178$4,779$4,408$4,065$3,748
9 years$4,935$4,509$4,116$3,755$3,423$3,120
10 years$4,397$3,974$3,588$3,237$2,917$2,627
11 years$3,956$3,538$3,159$2,817$2,509$2,232
12 years$3,590$3,176$2,804$2,471$2,174$1,910
13 years$3,279$2,870$2,505$2,181$1,896$1,645
14 years$3,014$2,609$2,251$1,936$1,662$1,423
15 years$2,784$2,383$2,032$1,727$1,463$1,237
16 years$2,583$2,186$1,842$1,546$1,293$1,078
17 years$2,406$2,013$1,676$1,389$1,147$943
18 years$2,248$1,861$1,530$1,252$1,020$827
19 years$2,108$1,724$1,401$1,131$909$727
20 years$1,981$1,602$1,286$1,025$812$640
21 years$1,867$1,493$1,183$930$726$564
22 years$1,764$1,393$1,090$845$651$498
23 years$1,669$1,303$1,006$770$584$441
24 years$1,583$1,221$931$702$525$390
25 years$1,503$1,146$862$641$473$346
26 years$1,430$1,077$800$586$426$307
27 years$1,362$1,013$742$537$384$272
28 years$1,299$955$690$492$346$242
29 years$1,241$901$642$451$313$215
30 years$1,187$851$598$414$283$191
31 years$1,136$804$558$380$256$170
32 years$1,089$761$520$349$231$151
33 years$1,044$721$486$321$209$135
34 years$1,002$683$454$296$189$120
35 years$963$648$424$272$172$107
36 years$926$615$397$251$155$95
37 years$891$584$372$231$141$85
38 years$858$555$348$213$128$76
39 years$827$528$326$196$116$67
40 years$797$502$306$181$105$60
41 years$769$478$287$167$95$54
42 years$742$455$269$154$86$48
43 years$717$434$252$142$78$43
44 years$693$413$237$131$71$38
45 years$670$394$222$121$65$34
46 years$648$376$209$112$59$30
47 years$627$359$196$104$53$27
48 years$607$343$184$96$48$24
49 years$588$327$173$88$44$22
50 years$569$313$163$82$40$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $583,000, adding $5,923 every year, while hoping to spend $52,808 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: 87/8/5 Blend
34$583,000$583,000$583,000$583,000
35$648,576$617,677$608,640$704,526
36$658,543$591,755$572,842$715,934
37$667,757$562,794$534,075$720,501
38$676,086$530,588$492,184$723,790
39$683,380$494,921$447,006$725,634
40$689,477$455,564$398,372$725,846
41$694,191$412,274$346,106$724,221
42$697,320$364,797$290,021$720,533
43$698,635$312,861$229,926$714,532
44$697,886$256,181$165,619$705,942
45$694,792$194,456$96,889$694,458
46$689,043$127,366$23,517$679,745
47$680,294$54,576$0$661,433
48$668,163$0$0$642,036
49$652,227$0$0$621,847
50$632,017$0$0$602,361
51$607,013$0$0$578,276
52$576,640$0$0$549,040
53$540,262$0$0$514,043
54$497,175$0$0$472,610
55$446,600$0$0$423,994
56$387,675$0$0$367,369
57$319,450$0$0$301,823
58$240,870$0$0$226,345
59$150,774$0$0$139,822
60$47,876$0$0$41,021
61$0$0$0$0
62$0$0$0$0
63$0$0$0$0
64$0$0$0$0
65$0$0$0$0
66$0$0$0$0
67$0$0$0$0
68$0$0$0$0
69$0$0$0$0
70$0$0$0$0
71$0$0$0$0
72$0$0$0$0
73$0$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0