Can I retire at age 35 with 624,000?

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 $624,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$51,529$51,070$50,623$50,185$49,759$48,418
2 years$25,510$25,034$24,574$24,128$23,695$22,354
3 years$16,837$16,360$15,901$15,459$15,033$13,734
4 years$12,502$12,027$11,572$11,137$10,722$9,474
5 years$9,902$9,429$8,980$8,554$8,150$6,957
6 years$8,169$7,699$7,257$6,841$6,449$5,312
7 years$6,931$6,466$6,031$5,624$5,245$4,164
8 years$6,004$5,543$5,115$4,718$4,351$3,326
9 years$5,283$4,826$4,405$4,019$3,664$2,694
10 years$4,706$4,254$3,841$3,464$3,122$2,205
11 years$4,235$3,787$3,381$3,015$2,685$1,820
12 years$3,842$3,399$3,001$2,645$2,327$1,512
13 years$3,510$3,072$2,681$2,335$2,029$1,263
14 years$3,226$2,792$2,409$2,073$1,779$1,060
15 years$2,980$2,551$2,175$1,848$1,566$892
16 years$2,765$2,340$1,972$1,655$1,384$753
17 years$2,575$2,155$1,794$1,487$1,227$637
18 years$2,407$1,991$1,638$1,340$1,091$541
19 years$2,256$1,846$1,499$1,211$973$459
20 years$2,121$1,715$1,376$1,097$869$391
21 years$1,999$1,597$1,266$995$777$333
22 years$1,888$1,491$1,167$905$697$284
23 years$1,786$1,395$1,077$824$626$242
24 years$1,694$1,307$996$752$562$207
25 years$1,609$1,226$923$686$506$177
26 years$1,530$1,153$856$628$456$151
27 years$1,458$1,085$795$575$411$129
28 years$1,391$1,022$739$526$371$111
29 years$1,328$964$687$483$335$95
30 years$1,270$911$640$443$302$81
31 years$1,216$861$597$407$273$69
32 years$1,165$814$557$374$247$59
33 years$1,117$771$520$344$224$51
34 years$1,073$731$486$316$203$44
35 years$1,031$693$454$291$184$37
36 years$991$658$425$268$166$32
37 years$954$625$398$247$151$27
38 years$918$594$372$228$137$24
39 years$885$565$349$210$124$20
40 years$853$537$327$194$112$17
41 years$823$512$307$179$102$15
42 years$794$487$288$165$93$13
43 years$767$464$270$152$84$11
44 years$741$443$253$141$76$9
45 years$717$422$238$130$69$8
46 years$693$403$223$120$63$7
47 years$671$384$210$111$57$6
48 years$649$367$197$102$52$5
49 years$629$350$185$95$47$4
50 years$609$335$174$87$43$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 35 starting with $624,000, adding $2,882 every year, while hoping to spend $30,885 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: 76/14/10 Blend
34$624,000$624,000$624,000$624,000
35$690,621$657,549$647,877$741,674
36$728,203$656,907$636,719$775,046
37$768,583$655,199$624,153$807,406
38$812,014$652,340$610,098$842,002
39$858,774$648,239$594,470$879,043
40$909,167$642,801$577,183$918,763
41$963,528$635,924$558,145$961,417
42$1,022,226$627,502$537,261$1,007,288
43$1,085,664$617,421$514,430$1,056,688
44$1,154,286$605,559$489,548$1,109,960
45$1,228,582$591,789$462,506$1,167,483
46$1,309,087$575,977$433,190$1,229,675
47$1,396,392$557,978$401,480$1,296,998
48$1,491,146$537,641$367,251$1,369,960
49$1,594,063$514,805$330,374$1,449,122
50$1,705,928$489,302$290,713$1,535,104
51$1,827,606$460,951$248,125$1,628,586
52$1,960,047$429,562$202,462$1,730,324
53$2,104,296$394,936$153,569$1,841,146
54$2,261,505$356,858$101,285$1,961,970
55$2,432,941$315,106$45,440$2,093,806
56$2,619,996$269,442$0$2,237,769
57$2,824,207$219,616$0$2,396,598
58$3,047,262$165,363$0$2,575,412
59$3,291,020$106,403$0$2,770,874
60$3,557,530$42,442$0$2,984,655
61$3,849,044$0$0$3,218,596
62$4,168,045$0$0$3,478,862
63$4,517,266$0$0$3,770,965
64$4,899,715$0$0$4,090,886
65$5,318,708$0$0$4,441,400
66$5,777,894$0$0$4,825,563
67$6,281,292$0$0$5,246,743
68$6,833,329$0$0$5,708,645
69$7,438,881$0$0$6,215,353
70$8,103,319$0$0$6,771,365
71$8,832,558$0$0$7,381,635
72$9,633,115$0$0$8,051,619
73$10,512,167$0$0$8,787,329
74$11,477,622$0$0$9,595,387
75$12,538,189$0$0$10,483,087
76$13,703,464$0$0$11,458,464
77$14,984,018$0$0$12,530,372
78$16,391,497$0$0$13,708,564
79$17,938,730$0$0$15,003,784
80$19,639,854$0$0$16,427,871
81$21,510,440$0$0$17,993,866
82$23,567,647$0$0$19,716,139
83$25,830,378$0$0$21,610,521
84$28,319,460$0$0$23,694,455
85$31,057,842$0$0$25,987,159
86$34,070,808$0$0$28,509,809
87$37,386,215$0$0$31,285,736
88$41,034,760$0$0$34,340,648
89$45,050,264$0$0$37,702,869
90$49,469,993$0$0$41,403,610
91$54,335,009$0$0$45,477,261
92$59,690,558$0$0$49,961,714
93$65,586,495$0$0$54,898,723
94$72,077,752$0$0$60,334,296
95$79,224,864$0$0$66,319,129
96$87,094,529$0$0$72,909,083
97$95,760,245$0$0$80,165,712
98$105,302,999$0$0$88,156,844
99$115,812,033$0$0$96,957,220
100$127,385,685$0$0$106,649,198