Can I retire at age 35 with 623,000?

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 $623,000?

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$51,447$50,988$50,541$50,105$49,679$48,716
2 years$25,469$24,994$24,535$24,089$23,657$22,690
3 years$16,810$16,334$15,876$15,434$15,009$14,069
4 years$12,482$12,007$11,553$11,119$10,704$9,799
5 years$9,886$9,414$8,966$8,541$8,137$7,268
6 years$8,156$7,687$7,246$6,830$6,439$5,607
7 years$6,920$6,456$6,021$5,615$5,236$4,443
8 years$5,994$5,534$5,106$4,711$4,344$3,588
9 years$5,274$4,818$4,398$4,012$3,658$2,940
10 years$4,698$4,247$3,834$3,459$3,117$2,435
11 years$4,228$3,781$3,376$3,010$2,681$2,034
12 years$3,836$3,393$2,996$2,640$2,323$1,711
13 years$3,504$3,067$2,677$2,331$2,026$1,447
14 years$3,221$2,787$2,405$2,069$1,776$1,230
15 years$2,975$2,546$2,171$1,845$1,564$1,049
16 years$2,760$2,336$1,969$1,652$1,382$898
17 years$2,571$2,152$1,791$1,485$1,225$771
18 years$2,403$1,988$1,635$1,338$1,089$663
19 years$2,252$1,843$1,497$1,209$971$571
20 years$2,117$1,712$1,374$1,095$867$493
21 years$1,995$1,595$1,264$994$776$426
22 years$1,885$1,489$1,165$903$696$368
23 years$1,784$1,392$1,075$823$625$319
24 years$1,691$1,305$995$750$561$277
25 years$1,606$1,224$921$685$505$240
26 years$1,528$1,151$854$627$455$208
27 years$1,456$1,083$793$574$410$181
28 years$1,389$1,020$738$526$370$157
29 years$1,326$963$686$482$334$137
30 years$1,268$909$639$442$302$119
31 years$1,214$859$596$406$273$103
32 years$1,163$813$556$373$247$90
33 years$1,116$770$519$343$224$78
34 years$1,071$730$485$316$202$68
35 years$1,029$692$454$291$183$59
36 years$989$657$424$268$166$52
37 years$952$624$397$247$151$45
38 years$917$593$372$227$136$39
39 years$883$564$348$210$124$34
40 years$852$537$327$193$112$30
41 years$822$511$306$178$102$26
42 years$793$486$287$165$92$23
43 years$766$463$270$152$84$20
44 years$740$442$253$140$76$17
45 years$716$421$238$130$69$15
46 years$692$402$223$120$63$13
47 years$670$384$210$111$57$11
48 years$648$366$197$102$52$10
49 years$628$350$185$94$47$9
50 years$608$334$174$87$43$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $623,000, adding $2,523 every year, while hoping to spend $43,934 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: 36/34/30 Blend
34$623,000$623,000$623,000$623,000
35$689,148$656,129$646,473$707,688
36$712,696$641,534$621,384$707,176
37$737,173$624,752$593,983$702,498
38$762,628$605,628$564,144$696,621
39$789,113$584,000$531,740$689,466
40$816,683$559,696$496,634$680,954
41$845,398$532,535$458,684$670,998
42$875,322$502,323$417,744$659,510
43$906,526$468,857$373,659$646,397
44$939,082$431,922$326,267$631,561
45$973,072$391,290$275,401$614,903
46$1,008,583$346,721$220,884$596,315
47$1,045,707$297,959$162,533$575,687
48$1,084,548$244,737$100,156$552,905
49$1,125,213$186,771$33,553$527,849
50$1,167,823$123,761$0$500,394
51$1,212,506$55,390$0$482,424
52$1,259,402$0$0$474,034
53$1,308,662$0$0$471,394
54$1,360,453$0$0$490,435
55$1,414,953$0$0$510,504
56$1,472,357$0$0$531,676
57$1,532,878$0$0$554,034
58$1,596,749$0$0$577,669
59$1,664,221$0$0$602,679
60$1,735,570$0$0$629,172
61$1,811,098$0$0$657,265
62$1,891,131$0$0$687,087
63$1,976,030$0$0$718,779
64$2,066,187$0$0$752,494
65$2,162,031$0$0$788,400
66$2,264,032$0$0$826,682
67$2,372,703$0$0$867,542
68$2,488,607$0$0$911,200
69$2,612,361$0$0$957,899
70$2,744,640$0$0$1,007,905
71$2,886,185$0$0$1,061,508
72$3,037,808$0$0$1,119,030
73$3,200,399$0$0$1,180,820
74$3,374,935$0$0$1,247,264
75$3,562,489$0$0$1,318,783
76$3,764,238$0$0$1,395,844
77$3,981,475$0$0$1,478,954
78$4,215,617$0$0$1,568,675
79$4,468,225$0$0$1,665,622
80$4,741,012$0$0$1,770,471
81$5,035,859$0$0$1,883,966
82$5,354,836$0$0$2,006,923
83$5,700,216$0$0$2,140,243
84$6,074,498$0$0$2,284,912
85$6,480,433$0$0$2,442,018
86$6,921,043$0$0$2,612,756
87$7,399,652$0$0$2,798,442
88$7,919,919$0$0$3,000,522
89$8,485,865$0$0$3,220,588
90$9,101,920$0$0$3,460,393
91$9,772,952$0$0$3,721,863
92$10,504,322$0$0$4,007,122
93$11,301,931$0$0$4,318,504
94$12,172,269$0$0$4,658,581
95$13,122,484$0$0$5,030,183
96$14,160,444$0$0$5,436,425
97$15,294,809$0$0$5,880,740
98$16,535,114$0$0$6,366,902
99$17,891,857$0$0$6,899,073
100$19,376,599$0$0$7,481,832