Can I retire at age 57 with 579,000?

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 $579,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$47,813$47,387$46,972$46,566$46,170$45,146
2 years$23,670$23,229$22,802$22,388$21,986$20,959
3 years$15,623$15,180$14,754$14,344$13,949$12,952
4 years$11,601$11,159$10,737$10,334$9,948$8,989
5 years$9,188$8,749$8,333$7,938$7,563$6,643
6 years$7,580$7,144$6,734$6,348$5,984$5,106
7 years$6,431$6,000$5,596$5,219$4,867$4,029
8 years$5,571$5,143$4,746$4,378$4,037$3,241
9 years$4,902$4,478$4,088$3,729$3,400$2,644
10 years$4,367$3,947$3,564$3,214$2,897$2,180
11 years$3,929$3,514$3,137$2,798$2,491$1,814
12 years$3,565$3,154$2,784$2,454$2,159$1,519
13 years$3,257$2,850$2,488$2,166$1,883$1,279
14 years$2,993$2,591$2,235$1,923$1,650$1,082
15 years$2,765$2,367$2,018$1,715$1,453$918
16 years$2,565$2,171$1,830$1,536$1,284$782
17 years$2,389$2,000$1,665$1,380$1,139$668
18 years$2,233$1,848$1,520$1,243$1,013$571
19 years$2,093$1,713$1,391$1,124$902$490
20 years$1,968$1,591$1,277$1,018$806$420
21 years$1,854$1,482$1,175$924$721$361
22 years$1,751$1,384$1,082$840$647$311
23 years$1,658$1,294$999$765$580$268
24 years$1,572$1,212$924$697$522$231
25 years$1,493$1,138$856$637$469$199
26 years$1,420$1,069$794$582$423$172
27 years$1,353$1,006$737$533$381$149
28 years$1,290$948$685$488$344$128
29 years$1,233$895$638$448$311$111
30 years$1,179$845$594$411$281$96
31 years$1,128$799$554$378$254$83
32 years$1,081$756$517$347$230$72
33 years$1,037$716$483$319$208$62
34 years$995$678$451$294$188$54
35 years$956$643$422$270$170$47
36 years$920$611$394$249$154$40
37 years$885$580$369$229$140$35
38 years$852$551$346$211$127$30
39 years$821$524$324$195$115$26
40 years$792$499$304$180$104$23
41 years$764$475$285$166$95$20
42 years$737$452$267$153$86$17
43 years$712$431$251$141$78$15
44 years$688$411$235$130$71$13
45 years$665$392$221$120$64$11
46 years$643$374$207$111$58$10
47 years$622$356$195$103$53$8
48 years$603$340$183$95$48$7
49 years$584$325$172$88$44$6
50 years$565$310$162$81$40$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $579,000, adding $6,690 every year, while hoping to spend $39,612 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: 34/37/29 Blend
56$579,000$579,000$579,000$579,000
57$644,959$614,272$605,297$661,056
58$668,598$602,224$583,428$661,749
59$693,320$588,259$559,498$658,502
60$719,195$572,239$533,397$654,242
61$746,296$554,023$505,010$648,906
62$774,705$533,456$474,214$642,429
63$804,508$510,379$440,884$634,743
64$835,801$484,621$404,886$625,778
65$868,687$456,001$366,084$615,462
66$903,277$424,329$324,332$603,719
67$939,694$389,404$279,480$590,472
68$978,071$351,013$231,371$575,641
69$1,018,552$308,930$179,839$559,143
70$1,061,294$262,918$124,714$540,894
71$1,106,470$212,725$65,815$520,807
72$1,154,267$158,085$2,957$498,793
73$1,204,890$98,719$0$474,761
74$1,258,562$34,329$0$468,462
75$1,315,528$0$0$462,227
76$1,376,055$0$0$469,521
77$1,440,436$0$0$492,193
78$1,508,990$0$0$516,382
79$1,582,069$0$0$542,219
80$1,660,055$0$0$569,847
81$1,743,368$0$0$599,420
82$1,832,471$0$0$631,111
83$1,927,867$0$0$665,107
84$2,030,111$0$0$701,613
85$2,139,810$0$0$740,855
86$2,257,632$0$0$783,083
87$2,384,307$0$0$828,567
88$2,520,640$0$0$877,607
89$2,667,512$0$0$930,532
90$2,825,893$0$0$987,703
91$2,996,847$0$0$1,049,517
92$3,181,544$0$0$1,116,409
93$3,381,269$0$0$1,188,858
94$3,597,435$0$0$1,267,393
95$3,831,595$0$0$1,352,593
96$4,085,457$0$0$1,445,095
97$4,360,898$0$0$1,545,599
98$4,659,985$0$0$1,654,878
99$4,984,988$0$0$1,773,780
100$5,338,406$0$0$1,903,238