Can I retire at age 35 with 590,000?

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 $590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$48,722$48,288$47,864$47,451$47,047$45,306
2 years$24,120$23,670$23,235$22,813$22,404$20,669
3 years$15,920$15,469$15,035$14,616$14,214$12,540
4 years$11,821$11,371$10,941$10,530$10,137$8,538
5 years$9,362$8,915$8,491$8,088$7,706$6,185
6 years$7,724$7,280$6,862$6,468$6,098$4,655
7 years$6,554$6,114$5,702$5,318$4,959$3,596
8 years$5,677$5,241$4,836$4,461$4,114$2,828
9 years$4,995$4,563$4,165$3,800$3,465$2,255
10 years$4,450$4,022$3,631$3,276$2,952$1,816
11 years$4,004$3,580$3,197$2,851$2,539$1,474
12 years$3,633$3,214$2,837$2,500$2,200$1,203
13 years$3,319$2,904$2,535$2,208$1,919$988
14 years$3,050$2,640$2,278$1,960$1,682$814
15 years$2,817$2,412$2,056$1,748$1,481$672
16 years$2,614$2,213$1,864$1,565$1,309$557
17 years$2,435$2,038$1,697$1,406$1,160$463
18 years$2,275$1,883$1,549$1,267$1,032$385
19 years$2,133$1,745$1,418$1,145$920$321
20 years$2,005$1,622$1,301$1,037$821$267
21 years$1,890$1,510$1,197$941$735$223
22 years$1,785$1,410$1,103$856$659$186
23 years$1,689$1,319$1,018$779$591$156
24 years$1,602$1,236$942$711$532$130
25 years$1,521$1,159$872$649$478$109
26 years$1,447$1,090$809$593$431$91
27 years$1,378$1,026$751$543$389$77
28 years$1,315$966$698$498$351$64
29 years$1,256$912$650$456$317$54
30 years$1,201$861$605$419$286$45
31 years$1,150$814$564$385$259$38
32 years$1,102$770$527$354$234$32
33 years$1,057$729$492$325$212$27
34 years$1,014$691$459$299$192$22
35 years$975$656$430$275$174$19
36 years$937$622$402$254$157$16
37 years$902$591$376$234$143$13
38 years$868$562$352$215$129$11
39 years$837$534$330$199$117$9
40 years$807$508$309$183$106$8
41 years$778$484$290$169$96$6
42 years$751$461$272$156$88$5
43 years$725$439$255$144$79$5
44 years$701$418$240$133$72$4
45 years$678$399$225$123$65$3
46 years$655$381$211$113$59$3
47 years$634$363$199$105$54$2
48 years$614$347$187$97$49$2
49 years$595$331$175$89$45$2
50 years$576$316$165$83$40$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $590,000, adding $6,588 every year, while hoping to spend $43,789 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: 64/27/9 Blend
34$590,000$590,000$590,000$590,000
35$656,976$625,706$616,561$697,366
36$677,396$609,774$590,624$709,195
37$698,431$591,594$562,351$716,372
38$720,099$571,010$531,617$723,088
39$742,415$547,855$498,292$729,297
40$765,396$521,955$462,240$734,947
41$789,060$493,124$423,319$739,986
42$813,424$461,167$381,380$744,357
43$838,506$425,876$336,268$747,999
44$864,322$387,033$287,822$750,848
45$890,890$344,405$235,872$752,834
46$918,229$297,749$180,241$753,884
47$946,354$246,805$120,745$753,921
48$975,284$191,300$57,192$752,861
49$1,005,036$130,946$0$750,616
50$1,035,625$65,439$0$748,114
51$1,067,070$0$0$750,160
52$1,099,385$0$0$752,820
53$1,132,585$0$0$775,525
54$1,166,685$0$0$798,843
55$1,201,699$0$0$822,781
56$1,237,638$0$0$847,349
57$1,274,514$0$0$872,552
58$1,312,337$0$0$898,398
59$1,351,113$0$0$924,891
60$1,390,851$0$0$952,034
61$1,431,551$0$0$979,829
62$1,473,217$0$0$1,008,276
63$1,515,845$0$0$1,037,372
64$1,559,431$0$0$1,067,113
65$1,603,965$0$0$1,097,491
66$1,649,434$0$0$1,128,496
67$1,695,820$0$0$1,160,114
68$1,743,098$0$0$1,192,327
69$1,791,239$0$0$1,225,113
70$1,840,207$0$0$1,258,446
71$1,889,956$0$0$1,292,291
72$1,940,435$0$0$1,326,612
73$1,991,580$0$0$1,361,363
74$2,043,318$0$0$1,396,490
75$2,095,564$0$0$1,431,933
76$2,148,220$0$0$1,467,620
77$2,201,173$0$0$1,503,471
78$2,254,293$0$0$1,539,392
79$2,307,431$0$0$1,575,279
80$2,360,421$0$0$1,611,010
81$2,413,070$0$0$1,646,450
82$2,465,165$0$0$1,681,445
83$2,516,461$0$0$1,715,821
84$2,566,684$0$0$1,749,385
85$2,615,527$0$0$1,781,916
86$2,662,644$0$0$1,813,169
87$2,707,647$0$0$1,842,870
88$2,750,103$0$0$1,870,709
89$2,789,527$0$0$1,896,345
90$2,825,378$0$0$1,919,391
91$2,857,052$0$0$1,939,422
92$2,883,877$0$0$1,955,960
93$2,905,104$0$0$1,968,474
94$2,919,898$0$0$1,976,374
95$2,927,333$0$0$1,979,005
96$2,926,380$0$0$1,975,636
97$2,915,893$0$0$1,965,459
98$2,894,604$0$0$1,947,576
99$2,861,104$0$0$1,920,990
100$2,813,831$0$0$1,884,598