Can I retire at age 35 with 593,000?

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 $593,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$48,969$48,533$48,108$47,692$47,287$46,370
2 years$24,242$23,791$23,353$22,929$22,517$21,598
3 years$16,001$15,548$15,111$14,691$14,286$13,392
4 years$11,881$11,429$10,997$10,584$10,189$9,327
5 years$9,410$8,961$8,534$8,129$7,745$6,918
6 years$7,763$7,317$6,897$6,501$6,129$5,337
7 years$6,587$6,145$5,731$5,345$4,984$4,229
8 years$5,705$5,267$4,861$4,484$4,135$3,415
9 years$5,020$4,586$4,186$3,819$3,482$2,798
10 years$4,472$4,042$3,650$3,292$2,967$2,318
11 years$4,024$3,599$3,213$2,865$2,552$1,936
12 years$3,651$3,230$2,852$2,513$2,211$1,629
13 years$3,336$2,919$2,548$2,219$1,928$1,378
14 years$3,066$2,653$2,289$1,970$1,690$1,171
15 years$2,832$2,424$2,067$1,756$1,488$999
16 years$2,627$2,224$1,874$1,573$1,315$855
17 years$2,447$2,048$1,705$1,413$1,166$733
18 years$2,287$1,892$1,557$1,273$1,037$631
19 years$2,144$1,754$1,425$1,151$924$543
20 years$2,015$1,630$1,308$1,042$826$469
21 years$1,899$1,518$1,203$946$739$405
22 years$1,794$1,417$1,109$860$662$351
23 years$1,698$1,325$1,024$783$594$304
24 years$1,610$1,242$947$714$534$263
25 years$1,529$1,165$877$652$481$228
26 years$1,454$1,095$813$596$433$198
27 years$1,385$1,031$755$546$390$172
28 years$1,322$971$702$500$352$150
29 years$1,262$916$653$459$318$130
30 years$1,207$865$609$421$287$113
31 years$1,155$818$567$387$260$98
32 years$1,107$774$529$355$235$86
33 years$1,062$733$494$327$213$75
34 years$1,019$695$462$301$193$65
35 years$979$659$432$277$174$57
36 years$942$625$404$255$158$49
37 years$906$594$378$235$143$43
38 years$873$565$354$216$130$37
39 years$841$537$332$200$118$33
40 years$811$511$311$184$107$28
41 years$782$486$291$170$97$25
42 years$755$463$273$157$88$22
43 years$729$441$257$145$80$19
44 years$705$421$241$134$72$16
45 years$681$401$226$123$66$14
46 years$659$383$212$114$60$12
47 years$637$365$200$105$54$11
48 years$617$348$188$97$49$9
49 years$598$333$176$90$45$8
50 years$579$318$166$83$41$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $593,000, adding $4,107 every year, while hoping to spend $34,651 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: 60/31/9 Blend
34$593,000$593,000$593,000$593,000
35$657,722$626,293$617,102$695,614
36$687,942$620,113$600,906$715,343
37$720,082$612,469$583,007$732,535
38$754,303$603,252$563,310$750,428
39$790,778$592,348$541,718$769,089
40$829,700$579,636$518,127$788,597
41$871,276$564,985$492,432$809,037
42$915,738$548,260$464,519$830,508
43$963,335$529,317$434,273$853,117
44$1,014,344$508,003$401,570$876,986
45$1,069,069$484,156$366,284$902,251
46$1,127,839$457,606$328,280$929,063
47$1,191,021$428,170$287,420$957,592
48$1,259,013$395,659$243,557$988,026
49$1,332,256$359,870$196,539$1,020,576
50$1,411,232$320,589$146,209$1,055,478
51$1,496,470$277,591$92,399$1,092,992
52$1,588,553$230,636$34,938$1,133,410
53$1,688,122$179,473$0$1,177,057
54$1,795,878$123,835$0$1,226,828
55$1,912,596$63,442$0$1,284,335
56$2,039,126$0$0$1,346,685
57$2,176,403$0$0$1,415,079
58$2,325,454$0$0$1,512,877
59$2,487,410$0$0$1,619,185
60$2,663,516$0$0$1,734,823
61$2,855,141$0$0$1,860,697
62$3,063,789$0$0$1,997,801
63$3,291,118$0$0$2,147,229
64$3,538,952$0$0$2,310,188
65$3,809,297$0$0$2,488,003
66$4,104,363$0$0$2,682,133
67$4,426,581$0$0$2,894,185
68$4,778,627$0$0$3,125,929
69$5,163,449$0$0$3,379,312
70$5,584,291$0$0$3,656,478
71$6,044,725$0$0$3,959,788
72$6,548,685$0$0$4,291,841
73$7,100,502$0$0$4,655,500
74$7,704,945$0$0$5,053,919
75$8,367,268$0$0$5,490,568
76$9,093,254$0$0$5,969,271
77$9,889,276$0$0$6,494,241
78$10,762,350$0$0$7,070,114
79$11,720,206$0$0$7,702,001
80$12,771,356$0$0$8,395,528
81$13,925,177$0$0$9,156,894
82$15,191,999$0$0$9,992,928
83$16,583,200$0$0$10,911,151
84$18,111,314$0$0$11,919,850
85$19,790,150$0$0$13,028,153
86$21,634,919$0$0$14,246,116
87$23,662,378$0$0$15,584,817
88$25,890,991$0$0$17,056,462
89$28,341,096$0$0$18,674,498
90$31,035,103$0$0$20,453,739
91$33,997,699$0$0$22,410,508
92$37,256,086$0$0$24,562,787
93$40,840,234$0$0$26,930,391
94$44,783,161$0$0$29,535,149
95$49,121,249$0$0$32,401,116
96$53,894,584$0$0$35,554,792
97$59,147,332$0$0$39,025,380
98$64,928,159$0$0$42,845,053
99$71,290,686$0$0$47,049,264
100$78,293,996$0$0$51,677,077