Can I retire at age 35 with 589,000?

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 $589,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$48,639$48,206$47,783$47,371$46,968$45,982
2 years$24,079$23,630$23,196$22,774$22,366$21,377
3 years$15,893$15,443$15,009$14,592$14,190$13,229
4 years$11,801$11,352$10,923$10,513$10,120$9,195
5 years$9,346$8,900$8,477$8,075$7,693$6,806
6 years$7,711$7,268$6,850$6,457$6,087$5,240
7 years$6,543$6,103$5,693$5,309$4,951$4,142
8 years$5,667$5,232$4,828$4,454$4,107$3,338
9 years$4,986$4,555$4,158$3,793$3,459$2,728
10 years$4,442$4,015$3,625$3,270$2,947$2,254
11 years$3,997$3,574$3,192$2,846$2,535$1,878
12 years$3,627$3,208$2,832$2,496$2,196$1,576
13 years$3,313$2,899$2,531$2,204$1,915$1,329
14 years$3,045$2,635$2,274$1,956$1,679$1,127
15 years$2,813$2,407$2,053$1,745$1,478$959
16 years$2,609$2,209$1,861$1,562$1,306$818
17 years$2,430$2,034$1,694$1,404$1,158$700
18 years$2,272$1,880$1,546$1,265$1,030$600
19 years$2,130$1,742$1,415$1,143$918$516
20 years$2,002$1,619$1,299$1,035$820$444
21 years$1,886$1,508$1,195$939$734$382
22 years$1,782$1,408$1,101$854$658$330
23 years$1,686$1,316$1,017$778$590$285
24 years$1,599$1,233$940$710$531$246
25 years$1,519$1,158$871$648$478$213
26 years$1,445$1,088$808$592$430$184
27 years$1,376$1,024$750$542$388$159
28 years$1,313$965$697$497$350$138
29 years$1,254$910$649$456$316$120
30 years$1,199$860$604$418$286$104
31 years$1,148$813$563$384$258$90
32 years$1,100$769$526$353$234$78
33 years$1,055$728$491$325$211$68
34 years$1,013$690$459$299$191$59
35 years$973$655$429$275$173$51
36 years$935$621$401$253$157$44
37 years$900$590$375$233$142$38
38 years$867$561$352$215$129$33
39 years$835$533$329$198$117$29
40 years$805$507$309$183$106$25
41 years$777$483$290$169$96$22
42 years$750$460$272$156$87$19
43 years$724$438$255$144$79$16
44 years$700$418$239$133$72$14
45 years$677$398$225$123$65$12
46 years$654$380$211$113$59$11
47 years$633$363$198$105$54$9
48 years$613$346$186$97$49$8
49 years$594$331$175$89$44$7
50 years$575$316$165$83$40$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $589,000, adding $4,926 every year, while hoping to spend $34,086 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: 42/31/27 Blend
34$589,000$589,000$589,000$589,000
35$654,159$622,942$613,813$676,286
36$684,616$617,199$598,108$686,906
37$717,037$610,032$580,735$694,810
38$751,587$601,336$561,602$702,713
39$788,445$590,998$540,612$710,635
40$827,809$578,899$517,665$718,601
41$869,895$564,914$492,656$726,641
42$914,940$548,910$465,475$734,790
43$963,203$530,746$436,008$743,090
44$1,014,969$510,273$404,134$751,593
45$1,070,552$487,332$369,728$760,356
46$1,130,294$461,756$332,659$769,448
47$1,194,571$433,370$292,791$778,946
48$1,263,798$401,986$249,980$788,943
49$1,338,429$367,406$204,077$799,542
50$1,418,962$329,422$154,927$810,864
51$1,505,946$287,814$102,367$823,045
52$1,599,983$242,348$46,227$836,240
53$1,701,735$192,777$0$850,627
54$1,811,931$138,842$0$870,349
55$1,931,370$80,267$0$906,159
56$2,060,933$16,763$0$945,039
57$2,201,587$0$0$987,335
58$2,354,396$0$0$1,051,166
59$2,520,532$0$0$1,126,846
60$2,701,282$0$0$1,209,252
61$2,898,063$0$0$1,299,039
62$3,112,436$0$0$1,396,927
63$3,346,116$0$0$1,503,709
64$3,600,992$0$0$1,620,258
65$3,879,143$0$0$1,747,535
66$4,182,858$0$0$1,886,597
67$4,514,654$0$0$2,038,610
68$4,877,306$0$0$2,204,855
69$5,273,866$0$0$2,386,743
70$5,707,696$0$0$2,585,829
71$6,182,497$0$0$2,803,825
72$6,702,346$0$0$3,042,615
73$7,271,730$0$0$3,304,274
74$7,895,592$0$0$3,591,089
75$8,579,376$0$0$3,905,578
76$9,329,076$0$0$4,250,512
77$10,151,296$0$0$4,628,946
78$11,053,308$0$0$5,044,245
79$12,043,122$0$0$5,500,113
80$13,129,562$0$0$6,000,632
81$14,322,347$0$0$6,550,299
82$15,632,184$0$0$7,154,066
83$17,070,867$0$0$7,817,390
84$18,651,387$0$0$8,546,282
85$20,388,058$0$0$9,347,364
86$22,296,648$0$0$10,227,930
87$24,394,528$0$0$11,196,020
88$26,700,835$0$0$12,260,487
89$29,236,655$0$0$13,431,087
90$32,025,217$0$0$14,718,570
91$35,092,115$0$0$16,134,778
92$38,465,547$0$0$17,692,758
93$42,176,581$0$0$19,406,888
94$46,259,448$0$0$21,293,007
95$50,751,864$0$0$23,368,569
96$55,695,386$0$0$25,652,804
97$61,135,803$0$0$28,166,902
98$67,123,567$0$0$30,934,208
99$73,714,267$0$0$33,980,450
100$80,969,158$0$0$37,333,974