Can I retire at age 35 with 601,000?

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 $601,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$49,630$49,188$48,757$48,336$47,925$47,131
2 years$24,569$24,112$23,668$23,238$22,821$22,024
3 years$16,217$15,757$15,315$14,889$14,479$13,702
4 years$12,041$11,583$11,145$10,727$10,326$9,577
5 years$9,537$9,081$8,649$8,239$7,850$7,130
6 years$7,868$7,416$6,990$6,589$6,211$5,522
7 years$6,676$6,228$5,809$5,417$5,052$4,392
8 years$5,782$5,338$4,926$4,544$4,191$3,562
9 years$5,088$4,648$4,243$3,871$3,529$2,930
10 years$4,533$4,097$3,699$3,337$3,007$2,437
11 years$4,078$3,647$3,257$2,904$2,586$2,045
12 years$3,700$3,274$2,890$2,547$2,241$1,728
13 years$3,381$2,958$2,582$2,249$1,954$1,469
14 years$3,107$2,689$2,320$1,996$1,713$1,254
15 years$2,870$2,456$2,095$1,780$1,508$1,075
16 years$2,663$2,254$1,899$1,594$1,333$924
17 years$2,480$2,076$1,728$1,432$1,182$797
18 years$2,318$1,918$1,578$1,291$1,051$689
19 years$2,173$1,778$1,444$1,166$937$597
20 years$2,043$1,652$1,325$1,056$837$518
21 years$1,925$1,539$1,219$959$749$450
22 years$1,818$1,436$1,124$872$671$391
23 years$1,721$1,343$1,037$794$602$341
24 years$1,631$1,259$959$724$542$297
25 years$1,549$1,181$889$661$487$259
26 years$1,474$1,110$824$605$439$226
27 years$1,404$1,045$765$553$396$198
28 years$1,339$984$711$507$357$173
29 years$1,279$929$662$465$322$151
30 years$1,223$877$617$427$291$132
31 years$1,171$829$575$392$263$116
32 years$1,122$784$536$360$238$101
33 years$1,076$743$501$331$216$89
34 years$1,033$704$468$305$195$78
35 years$993$668$438$281$177$68
36 years$955$634$409$258$160$60
37 years$918$602$383$238$145$52
38 years$884$572$359$219$132$46
39 years$852$544$336$202$119$40
40 years$822$518$315$187$108$35
41 years$793$493$295$172$98$31
42 years$765$469$277$159$89$27
43 years$739$447$260$147$81$24
44 years$714$426$244$135$73$21
45 years$690$406$229$125$67$18
46 years$668$388$215$116$61$16
47 years$646$370$202$107$55$14
48 years$625$353$190$99$50$12
49 years$606$337$179$91$45$11
50 years$587$322$168$84$41$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $601,000, adding $6,201 every year, while hoping to spend $39,290 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: 63/19/18 Blend
34$601,000$601,000$601,000$601,000
35$668,698$636,845$627,530$707,410
36$695,101$626,246$606,748$723,599
37$722,881$613,811$583,953$736,271
38$752,135$599,409$559,036$749,183
39$782,972$582,899$531,883$762,362
40$815,510$564,136$502,375$775,838
41$849,875$542,962$470,388$789,644
42$886,208$519,213$435,792$803,822
43$924,661$492,714$398,451$818,416
44$965,400$463,280$358,222$833,480
45$1,008,607$430,717$314,959$849,072
46$1,054,479$394,817$268,505$865,261
47$1,103,236$355,362$218,699$882,125
48$1,155,113$312,122$165,373$899,750
49$1,210,371$264,853$108,349$918,236
50$1,269,295$213,296$47,445$937,696
51$1,332,196$157,181$0$958,255
52$1,399,416$96,219$0$983,428
53$1,471,330$30,107$0$1,019,948
54$1,548,347$0$0$1,058,914
55$1,630,920$0$0$1,109,242
56$1,719,540$0$0$1,170,042
57$1,814,752$0$0$1,235,395
58$1,917,149$0$0$1,305,713
59$2,027,386$0$0$1,381,450
60$2,146,180$0$0$1,463,102
61$2,274,318$0$0$1,551,216
62$2,412,667$0$0$1,646,392
63$2,562,179$0$0$1,749,290
64$2,723,898$0$0$1,860,635
65$2,898,975$0$0$1,981,224
66$3,088,672$0$0$2,111,934
67$3,294,380$0$0$2,253,728
68$3,517,626$0$0$2,407,665
69$3,760,090$0$0$2,574,912
70$4,023,621$0$0$2,756,751
71$4,310,253$0$0$2,954,592
72$4,622,221$0$0$3,169,987
73$4,961,989$0$0$3,404,645
74$5,332,265$0$0$3,660,444
75$5,736,029$0$0$3,939,453
76$6,176,563$0$0$4,243,949
77$6,657,479$0$0$4,576,438
78$7,182,752$0$0$4,939,678
79$7,756,758$0$0$5,336,706
80$8,384,316$0$0$5,770,867
81$9,070,731$0$0$6,245,841
82$9,821,842$0$0$6,765,682
83$10,644,084$0$0$7,334,855
84$11,544,536$0$0$7,958,273
85$12,531,000$0$0$8,641,352
86$13,612,064$0$0$9,390,051
87$14,797,188$0$0$10,210,937
88$16,096,791$0$0$11,111,241
89$17,522,347$0$0$12,098,928
90$19,086,496$0$0$13,182,770
91$20,803,159$0$0$14,372,432
92$22,687,672$0$0$15,678,558
93$24,756,927$0$0$17,112,872
94$27,029,532$0$0$18,688,293
95$29,525,986$0$0$20,419,048
96$32,268,870$0$0$22,320,813
97$35,283,063$0$0$24,410,858
98$38,595,970$0$0$26,708,207
99$42,237,786$0$0$29,233,821
100$46,241,776$0$0$32,010,790