Can I retire at age 57 with 558,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%17%
1 years$46,079$45,669$45,268$44,877$44,496$43,227
2 years$22,811$22,387$21,975$21,576$21,188$19,920
3 years$15,057$14,630$14,219$13,824$13,443$12,215
4 years$11,180$10,755$10,348$9,959$9,588$8,409
5 years$8,854$8,432$8,030$7,650$7,288$6,163
6 years$7,305$6,885$6,490$6,117$5,767$4,695
7 years$6,198$5,782$5,393$5,030$4,690$3,672
8 years$5,369$4,956$4,574$4,219$3,891$2,926
9 years$4,724$4,315$3,939$3,594$3,277$2,364
10 years$4,208$3,804$3,434$3,098$2,792$1,930
11 years$3,787$3,386$3,024$2,696$2,401$1,589
12 years$3,436$3,039$2,683$2,365$2,081$1,317
13 years$3,139$2,747$2,397$2,088$1,814$1,097
14 years$2,885$2,497$2,154$1,853$1,591$918
15 years$2,665$2,281$1,945$1,653$1,400$770
16 years$2,472$2,093$1,763$1,480$1,238$649
17 years$2,303$1,927$1,605$1,330$1,097$547
18 years$2,152$1,781$1,465$1,198$976$463
19 years$2,017$1,650$1,341$1,083$870$392
20 years$1,896$1,534$1,231$981$777$332
21 years$1,787$1,429$1,132$890$695$282
22 years$1,688$1,333$1,043$809$623$240
23 years$1,597$1,247$963$737$559$204
24 years$1,515$1,169$891$672$503$174
25 years$1,439$1,097$825$614$452$148
26 years$1,369$1,031$765$561$408$126
27 years$1,304$970$711$514$367$108
28 years$1,244$914$661$471$332$92
29 years$1,188$862$615$432$299$78
30 years$1,136$814$573$396$271$67
31 years$1,087$770$534$364$245$57
32 years$1,042$728$498$334$221$49
33 years$999$690$465$307$200$42
34 years$959$654$435$283$181$35
35 years$922$620$406$260$164$30
36 years$886$589$380$240$149$26
37 years$853$559$356$221$135$22
38 years$821$531$333$204$122$19
39 years$791$505$312$188$111$16
40 years$763$481$293$173$101$14
41 years$736$457$274$160$91$12
42 years$710$436$257$148$83$10
43 years$686$415$241$136$75$9
44 years$663$396$227$126$68$7
45 years$641$377$213$116$62$6
46 years$620$360$200$107$56$5
47 years$600$344$188$99$51$5
48 years$581$328$176$92$46$4
49 years$562$313$166$85$42$3
50 years$545$299$156$78$38$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $558,000, adding $6,036 every year, while hoping to spend $33,753 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: 23/48/29 Blend
56$558,000$558,000$558,000$558,000
57$621,142$591,568$582,919$629,658
58$648,586$584,642$566,534$630,604
59$677,697$576,245$548,469$628,405
60$708,611$566,270$528,631$625,338
61$741,475$554,603$506,926$621,356
62$776,449$541,122$483,251$616,407
63$813,710$525,700$457,503$610,442
64$853,450$508,201$429,572$603,407
65$895,882$488,483$399,342$595,249
66$941,235$466,392$366,694$585,916
67$989,765$441,769$331,502$575,353
68$1,041,750$414,445$293,636$563,507
69$1,097,495$384,238$252,958$550,322
70$1,157,334$350,961$209,327$535,746
71$1,221,635$314,411$162,593$519,727
72$1,290,802$274,378$112,600$502,213
73$1,365,278$230,636$59,187$483,155
74$1,445,549$182,950$2,182$462,506
75$1,532,150$131,069$0$440,224
76$1,625,667$74,730$0$434,417
77$1,726,746$13,652$0$428,802
78$1,836,096$0$0$422,735
79$1,954,496$0$0$443,963
80$2,082,803$0$0$474,864
81$2,221,959$0$0$508,464
82$2,373,000$0$0$545,023
83$2,537,067$0$0$584,830
84$2,715,412$0$0$628,199
85$2,909,414$0$0$675,480
86$3,120,591$0$0$727,053
87$3,350,612$0$0$783,342
88$3,601,314$0$0$844,809
89$3,874,719$0$0$911,965
90$4,173,054$0$0$985,372
91$4,498,766$0$0$1,065,649
92$4,854,553$0$0$1,153,476
93$5,243,383$0$0$1,249,605
94$5,668,524$0$0$1,354,861
95$6,133,574$0$0$1,470,153
96$6,642,496$0$0$1,596,484
97$7,199,652$0$0$1,734,956
98$7,809,845$0$0$1,886,785
99$8,478,367$0$0$2,053,308
100$9,211,043$0$0$2,236,000