Can I retire at age 57 with 578,000?

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 $578,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$47,731$47,306$46,891$46,486$46,091$45,666
2 years$23,629$23,189$22,762$22,349$21,948$21,520
3 years$15,596$15,154$14,729$14,319$13,925$13,507
4 years$11,581$11,140$10,719$10,316$9,931$9,527
5 years$9,172$8,734$8,318$7,924$7,550$7,160
6 years$7,567$7,132$6,722$6,337$5,974$5,599
7 years$6,420$5,989$5,586$5,210$4,858$4,499
8 years$5,561$5,134$4,738$4,370$4,030$3,686
9 years$4,893$4,470$4,081$3,723$3,394$3,065
10 years$4,359$3,940$3,558$3,209$2,892$2,577
11 years$3,922$3,508$3,132$2,793$2,487$2,187
12 years$3,559$3,148$2,780$2,450$2,155$1,869
13 years$3,251$2,845$2,483$2,163$1,880$1,607
14 years$2,988$2,586$2,231$1,920$1,648$1,389
15 years$2,760$2,362$2,015$1,712$1,451$1,205
16 years$2,561$2,168$1,826$1,533$1,282$1,050
17 years$2,385$1,996$1,662$1,377$1,137$917
18 years$2,229$1,845$1,517$1,241$1,011$803
19 years$2,090$1,710$1,389$1,122$901$704
20 years$1,964$1,589$1,275$1,016$805$619
21 years$1,851$1,480$1,172$922$720$545
22 years$1,748$1,381$1,081$838$646$481
23 years$1,655$1,292$998$763$579$425
24 years$1,569$1,210$923$696$521$375
25 years$1,490$1,136$855$636$469$332
26 years$1,418$1,068$793$581$422$294
27 years$1,350$1,005$736$532$381$261
28 years$1,288$947$684$488$343$231
29 years$1,230$893$637$447$310$205
30 years$1,177$843$593$410$280$182
31 years$1,126$797$553$377$253$162
32 years$1,079$754$516$346$229$144
33 years$1,035$714$482$319$207$128
34 years$994$677$450$293$188$113
35 years$955$642$421$270$170$101
36 years$918$610$394$248$154$90
37 years$883$579$368$229$140$80
38 years$851$550$345$211$127$71
39 years$820$523$323$195$115$63
40 years$790$498$303$179$104$56
41 years$762$474$284$166$94$50
42 years$736$451$266$153$86$45
43 years$711$430$250$141$78$40
44 years$687$410$235$130$71$35
45 years$664$391$220$120$64$32
46 years$642$373$207$111$58$28
47 years$621$356$194$103$53$25
48 years$601$340$183$95$48$22
49 years$583$324$172$88$44$20
50 years$564$310$162$81$40$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $578,000, adding $6,697 every year, while hoping to spend $38,998 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: 24/48/28 Blend
56$578,000$578,000$578,000$578,000
57$643,864$613,230$604,271$653,530
58$668,045$601,785$583,020$650,790
59$693,384$588,471$559,751$644,130
60$719,961$573,158$534,354$636,176
61$747,857$555,703$506,715$626,847
62$777,165$535,958$476,716$616,058
63$807,982$513,767$444,232$603,719
64$840,416$488,961$409,134$589,738
65$874,584$461,366$371,286$574,018
66$910,613$430,795$330,546$556,457
67$948,642$397,050$286,765$536,951
68$988,823$359,924$239,791$515,390
69$1,031,319$319,197$189,460$491,660
70$1,076,311$274,635$135,605$465,643
71$1,123,997$225,994$78,049$437,216
72$1,174,590$173,013$16,609$406,253
73$1,228,326$115,419$0$372,622
74$1,285,461$52,921$0$350,814
75$1,346,278$0$0$332,308
76$1,411,083$0$0$319,867
77$1,480,215$0$0$336,471
78$1,554,041$0$0$354,264
79$1,632,968$0$0$373,351
80$1,717,438$0$0$393,847
81$1,807,938$0$0$415,881
82$1,905,002$0$0$439,590
83$2,009,215$0$0$465,129
84$2,121,220$0$0$492,664
85$2,241,721$0$0$522,381
86$2,371,494$0$0$554,483
87$2,511,390$0$0$589,191
88$2,662,341$0$0$626,752
89$2,825,376$0$0$667,434
90$3,001,621$0$0$711,533
91$3,192,317$0$0$759,374
92$3,398,828$0$0$811,317
93$3,622,650$0$0$867,754
94$3,865,432$0$0$929,118
95$4,128,986$0$0$995,887
96$4,415,305$0$0$1,068,584
97$4,726,581$0$0$1,147,786
98$5,065,225$0$0$1,234,128
99$5,433,893$0$0$1,328,310
100$5,835,503$0$0$1,431,099