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%18.8%
1 years$47,813$47,387$46,972$46,566$46,170$44,532
2 years$23,670$23,229$22,802$22,388$21,986$20,353
3 years$15,623$15,180$14,754$14,344$13,949$12,372
4 years$11,601$11,159$10,737$10,334$9,948$8,440
5 years$9,188$8,749$8,333$7,938$7,563$6,127
6 years$7,580$7,144$6,734$6,348$5,984$4,622
7 years$6,431$6,000$5,596$5,219$4,867$3,578
8 years$5,571$5,143$4,746$4,378$4,037$2,821
9 years$4,902$4,478$4,088$3,729$3,400$2,254
10 years$4,367$3,947$3,564$3,214$2,897$1,820
11 years$3,929$3,514$3,137$2,798$2,491$1,481
12 years$3,565$3,154$2,784$2,454$2,159$1,213
13 years$3,257$2,850$2,488$2,166$1,883$998
14 years$2,993$2,591$2,235$1,923$1,650$825
15 years$2,765$2,367$2,018$1,715$1,453$683
16 years$2,565$2,171$1,830$1,536$1,284$568
17 years$2,389$2,000$1,665$1,380$1,139$473
18 years$2,233$1,848$1,520$1,243$1,013$395
19 years$2,093$1,713$1,391$1,124$902$330
20 years$1,968$1,591$1,277$1,018$806$276
21 years$1,854$1,482$1,175$924$721$231
22 years$1,751$1,384$1,082$840$647$194
23 years$1,658$1,294$999$765$580$162
24 years$1,572$1,212$924$697$522$136
25 years$1,493$1,138$856$637$469$114
26 years$1,420$1,069$794$582$423$96
27 years$1,353$1,006$737$533$381$81
28 years$1,290$948$685$488$344$68
29 years$1,233$895$638$448$311$57
30 years$1,179$845$594$411$281$48
31 years$1,128$799$554$378$254$40
32 years$1,081$756$517$347$230$34
33 years$1,037$716$483$319$208$29
34 years$995$678$451$294$188$24
35 years$956$643$422$270$170$20
36 years$920$611$394$249$154$17
37 years$885$580$369$229$140$14
38 years$852$551$346$211$127$12
39 years$821$524$324$195$115$10
40 years$792$499$304$180$104$9
41 years$764$475$285$166$95$7
42 years$737$452$267$153$86$6
43 years$712$431$251$141$78$5
44 years$688$411$235$130$71$4
45 years$665$392$221$120$64$4
46 years$643$374$207$111$58$3
47 years$622$356$195$103$53$3
48 years$603$340$183$95$48$2
49 years$584$325$172$88$44$2
50 years$565$310$162$81$40$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $579,000, adding $5,296 every year, while hoping to spend $41,764 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: 60/12/28 Blend
56$579,000$579,000$579,000$579,000
57$643,521$612,834$603,859$676,967
58$664,723$598,426$579,652$685,982
59$686,689$581,913$553,234$690,889
60$709,451$563,146$524,487$695,369
61$733,045$541,971$493,288$699,390
62$757,510$518,222$459,507$702,918
63$782,886$491,724$423,011$705,921
64$809,215$462,294$383,657$708,362
65$836,545$429,735$341,298$710,205
66$864,922$393,842$295,782$711,411
67$894,400$354,396$246,946$711,942
68$925,034$311,167$194,624$711,756
69$956,885$263,911$138,641$710,812
70$990,015$212,371$78,814$709,068
71$1,024,493$156,274$14,951$706,478
72$1,060,394$95,334$0$702,999
73$1,097,796$29,247$0$714,478
74$1,136,783$0$0$730,775
75$1,177,449$0$0$753,022
76$1,219,890$0$0$780,281
77$1,264,215$0$0$808,760
78$1,310,537$0$0$838,533
79$1,358,982$0$0$869,683
80$1,409,683$0$0$902,297
81$1,462,786$0$0$936,470
82$1,518,449$0$0$972,307
83$1,576,843$0$0$1,009,919
84$1,638,154$0$0$1,049,428
85$1,702,584$0$0$1,090,967
86$1,770,352$0$0$1,134,679
87$1,841,696$0$0$1,180,722
88$1,916,876$0$0$1,229,265
89$1,996,176$0$0$1,280,496
90$2,079,904$0$0$1,334,616
91$2,168,395$0$0$1,391,847
92$2,262,017$0$0$1,452,430
93$2,361,171$0$0$1,516,630
94$2,466,294$0$0$1,584,733
95$2,577,864$0$0$1,657,055
96$2,696,405$0$0$1,733,940
97$2,822,488$0$0$1,815,765
98$2,956,740$0$0$1,902,943
99$3,099,846$0$0$1,995,924
100$3,252,556$0$0$2,095,205