Can I retire at age 57 with 580,000?

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 $580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$47,896$47,469$47,053$46,647$46,250$44,503
2 years$23,711$23,269$22,841$22,426$22,024$20,284
3 years$15,650$15,207$14,780$14,369$13,973$12,295
4 years$11,621$11,179$10,756$10,352$9,966$8,362
5 years$9,204$8,764$8,347$7,951$7,576$6,051
6 years$7,593$7,157$6,746$6,359$5,994$4,550
7 years$6,443$6,010$5,606$5,228$4,875$3,510
8 years$5,580$5,152$4,754$4,385$4,044$2,758
9 years$4,910$4,486$4,095$3,735$3,406$2,196
10 years$4,374$3,954$3,570$3,220$2,902$1,766
11 years$3,936$3,520$3,143$2,802$2,496$1,431
12 years$3,571$3,159$2,789$2,458$2,163$1,167
13 years$3,263$2,855$2,492$2,170$1,886$957
14 years$2,998$2,595$2,239$1,926$1,653$787
15 years$2,770$2,371$2,022$1,718$1,456$650
16 years$2,570$2,175$1,833$1,538$1,287$537
17 years$2,393$2,003$1,668$1,382$1,141$446
18 years$2,237$1,851$1,522$1,246$1,014$370
19 years$2,097$1,715$1,394$1,125$904$308
20 years$1,971$1,594$1,279$1,019$808$256
21 years$1,858$1,485$1,177$925$723$214
22 years$1,754$1,386$1,084$841$648$178
23 years$1,660$1,296$1,001$766$581$149
24 years$1,574$1,215$926$699$523$124
25 years$1,495$1,140$858$638$470$104
26 years$1,422$1,071$795$583$424$87
27 years$1,355$1,008$739$534$382$73
28 years$1,293$950$687$489$345$61
29 years$1,235$896$639$449$311$51
30 years$1,181$846$595$412$281$42
31 years$1,130$800$555$378$254$36
32 years$1,083$757$518$348$230$30
33 years$1,039$717$483$320$208$25
34 years$997$680$452$294$188$21
35 years$958$645$422$271$171$17
36 years$921$612$395$249$155$15
37 years$886$581$370$230$140$12
38 years$854$552$346$212$127$10
39 years$822$525$324$195$115$9
40 years$793$500$304$180$104$7
41 years$765$476$285$166$95$6
42 years$738$453$267$153$86$5
43 years$713$431$251$142$78$4
44 years$689$411$236$131$71$4
45 years$666$392$221$121$64$3
46 years$644$374$208$111$58$2
47 years$624$357$195$103$53$2
48 years$604$341$183$95$48$2
49 years$585$326$172$88$44$1
50 years$566$311$162$81$40$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $580,000, adding $4,136 every year, while hoping to spend $27,914 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: 47/47/6 Blend
56$580,000$580,000$580,000$580,000
57$643,426$612,686$603,696$672,453
58$679,355$613,008$594,220$693,112
59$718,014$612,409$583,490$712,242
60$759,650$610,816$571,436$732,345
61$804,539$608,150$557,983$753,518
62$852,978$604,326$543,053$775,871
63$905,300$599,256$526,563$799,526
64$961,866$592,845$508,428$824,618
65$1,023,075$584,993$488,559$851,299
66$1,089,364$575,593$466,861$879,738
67$1,161,216$564,534$443,238$910,123
68$1,239,161$551,697$417,587$942,664
69$1,323,779$536,954$389,800$977,593
70$1,415,713$520,174$359,767$1,015,170
71$1,515,667$501,213$327,371$1,055,682
72$1,624,416$479,924$292,489$1,099,450
73$1,742,814$456,147$254,994$1,146,831
74$1,871,798$429,715$214,753$1,198,218
75$2,012,401$400,452$171,628$1,254,053
76$2,165,762$368,169$125,472$1,314,822
77$2,333,130$332,670$76,136$1,381,066
78$2,515,883$293,744$23,460$1,453,386
79$2,715,537$251,172$0$1,532,449
80$2,933,761$204,719$0$1,621,090
81$3,172,394$154,139$0$1,719,770
82$3,433,458$99,171$0$1,827,905
83$3,719,180$39,541$0$1,946,515
84$4,032,016$0$0$2,076,725
85$4,374,664$0$0$2,232,736
86$4,750,102$0$0$2,426,149
87$5,161,605$0$0$2,638,208
88$5,612,781$0$0$2,870,781
89$6,107,605$0$0$3,125,927
90$6,650,455$0$0$3,405,911
91$7,246,150$0$0$3,713,229
92$7,900,004$0$0$4,050,630
93$8,617,865$0$0$4,421,145
94$9,406,178$0$0$4,828,108
95$10,272,041$0$0$5,275,196
96$11,223,275$0$0$5,766,457
97$12,268,494$0$0$6,306,353
98$13,417,190$0$0$6,899,797
99$14,679,819$0$0$7,552,203
100$16,067,898$0$0$8,269,536