Can I retire at age 57 with 558,000?

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 $558,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$46,079$45,669$45,268$44,877$44,496$43,723
2 years$22,811$22,387$21,975$21,576$21,188$20,412
3 years$15,057$14,630$14,219$13,824$13,443$12,687
4 years$11,180$10,755$10,348$9,959$9,588$8,859
5 years$8,854$8,432$8,030$7,650$7,288$6,588
6 years$7,305$6,885$6,490$6,117$5,767$5,097
7 years$6,198$5,782$5,393$5,030$4,690$4,050
8 years$5,369$4,956$4,574$4,219$3,891$3,280
9 years$4,724$4,315$3,939$3,594$3,277$2,695
10 years$4,208$3,804$3,434$3,098$2,792$2,239
11 years$3,787$3,386$3,024$2,696$2,401$1,877
12 years$3,436$3,039$2,683$2,365$2,081$1,584
13 years$3,139$2,747$2,397$2,088$1,814$1,344
14 years$2,885$2,497$2,154$1,853$1,591$1,146
15 years$2,665$2,281$1,945$1,653$1,400$981
16 years$2,472$2,093$1,763$1,480$1,238$843
17 years$2,303$1,927$1,605$1,330$1,097$726
18 years$2,152$1,781$1,465$1,198$976$626
19 years$2,017$1,650$1,341$1,083$870$542
20 years$1,896$1,534$1,231$981$777$469
21 years$1,787$1,429$1,132$890$695$407
22 years$1,688$1,333$1,043$809$623$353
23 years$1,597$1,247$963$737$559$307
24 years$1,515$1,169$891$672$503$268
25 years$1,439$1,097$825$614$452$233
26 years$1,369$1,031$765$561$408$203
27 years$1,304$970$711$514$367$177
28 years$1,244$914$661$471$332$155
29 years$1,188$862$615$432$299$135
30 years$1,136$814$573$396$271$118
31 years$1,087$770$534$364$245$103
32 years$1,042$728$498$334$221$90
33 years$999$690$465$307$200$79
34 years$959$654$435$283$181$69
35 years$922$620$406$260$164$60
36 years$886$589$380$240$149$53
37 years$853$559$356$221$135$46
38 years$821$531$333$204$122$40
39 years$791$505$312$188$111$35
40 years$763$481$293$173$101$31
41 years$736$457$274$160$91$27
42 years$710$436$257$148$83$24
43 years$686$415$241$136$75$21
44 years$663$396$227$126$68$18
45 years$641$377$213$116$62$16
46 years$620$360$200$107$56$14
47 years$600$344$188$99$51$12
48 years$581$328$176$92$46$11
49 years$562$313$166$85$42$9
50 years$545$299$156$78$38$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $558,000, adding $3,734 every year, while hoping to spend $28,981 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: 50/27/23 Blend
56$558,000$558,000$558,000$558,000
57$618,768$589,194$580,545$645,540
58$651,046$587,229$569,157$662,557
59$685,646$584,196$556,417$677,804
60$722,773$580,013$542,248$693,780
61$762,654$574,591$526,571$710,567
62$805,536$567,838$509,303$728,254
63$851,693$559,654$490,357$746,944
64$901,424$549,935$469,642$766,750
65$955,057$538,569$447,063$787,800
66$1,012,954$525,440$422,520$810,236
67$1,075,511$510,423$395,911$834,216
68$1,143,165$493,386$367,126$859,918
69$1,216,396$474,189$336,052$887,540
70$1,295,729$452,686$302,571$917,302
71$1,381,746$428,720$266,560$949,450
72$1,475,082$402,125$227,888$984,259
73$1,576,440$372,729$186,421$1,022,032
74$1,686,589$340,345$142,019$1,063,108
75$1,806,378$304,778$94,533$1,107,866
76$1,936,740$265,824$43,811$1,156,724
77$2,078,701$223,263$0$1,210,148
78$2,233,391$176,866$0$1,271,188
79$2,402,054$126,389$0$1,349,525
80$2,586,057$71,575$0$1,435,077
81$2,786,907$12,155$0$1,528,597
82$3,006,261$0$0$1,630,916
83$3,245,945$0$0$1,758,453
84$3,507,967$0$0$1,901,880
85$3,794,540$0$0$2,058,805
86$4,108,100$0$0$2,230,569
87$4,451,328$0$0$2,418,648
88$4,827,177$0$0$2,624,669
89$5,238,900$0$0$2,850,423
90$5,690,079$0$0$3,097,882
91$6,184,657$0$0$3,369,218
92$6,726,980$0$0$3,666,824
93$7,321,831$0$0$3,993,335
94$7,974,481$0$0$4,351,653
95$8,690,734$0$0$4,744,977
96$9,476,986$0$0$5,176,828
97$10,340,278$0$0$5,651,085
98$11,288,371$0$0$6,172,022
99$12,329,811$0$0$6,744,347
100$13,474,013$0$0$7,373,247