Can I retire at age 57 with 580,000?

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 $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%18.6%
1 years$47,896$47,469$47,053$46,647$46,250$44,645
2 years$23,711$23,269$22,841$22,426$22,024$20,423
3 years$15,650$15,207$14,780$14,369$13,973$12,427
4 years$11,621$11,179$10,756$10,352$9,966$8,486
5 years$9,204$8,764$8,347$7,951$7,576$6,167
6 years$7,593$7,157$6,746$6,359$5,994$4,657
7 years$6,443$6,010$5,606$5,228$4,875$3,609
8 years$5,580$5,152$4,754$4,385$4,044$2,849
9 years$4,910$4,486$4,095$3,735$3,406$2,280
10 years$4,374$3,954$3,570$3,220$2,902$1,843
11 years$3,936$3,520$3,143$2,802$2,496$1,502
12 years$3,571$3,159$2,789$2,458$2,163$1,231
13 years$3,263$2,855$2,492$2,170$1,886$1,014
14 years$2,998$2,595$2,239$1,926$1,653$839
15 years$2,770$2,371$2,022$1,718$1,456$697
16 years$2,570$2,175$1,833$1,538$1,287$580
17 years$2,393$2,003$1,668$1,382$1,141$484
18 years$2,237$1,851$1,522$1,246$1,014$404
19 years$2,097$1,715$1,394$1,125$904$338
20 years$1,971$1,594$1,279$1,019$808$283
21 years$1,858$1,485$1,177$925$723$238
22 years$1,754$1,386$1,084$841$648$199
23 years$1,660$1,296$1,001$766$581$167
24 years$1,574$1,215$926$699$523$141
25 years$1,495$1,140$858$638$470$118
26 years$1,422$1,071$795$583$424$100
27 years$1,355$1,008$739$534$382$84
28 years$1,293$950$687$489$345$71
29 years$1,235$896$639$449$311$59
30 years$1,181$846$595$412$281$50
31 years$1,130$800$555$378$254$42
32 years$1,083$757$518$348$230$36
33 years$1,039$717$483$320$208$30
34 years$997$680$452$294$188$25
35 years$958$645$422$271$171$21
36 years$921$612$395$249$155$18
37 years$886$581$370$230$140$15
38 years$854$552$346$212$127$13
39 years$822$525$324$195$115$11
40 years$793$500$304$180$104$9
41 years$765$476$285$166$95$8
42 years$738$453$267$153$86$6
43 years$713$431$251$142$78$5
44 years$689$411$236$131$71$5
45 years$666$392$221$121$64$4
46 years$644$374$208$111$58$3
47 years$624$357$195$103$53$3
48 years$604$341$183$95$48$2
49 years$585$326$172$88$44$2
50 years$566$311$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 $580,000, adding $6,934 every year, while hoping to spend $22,218 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: 66/28/6 Blend
56$580,000$580,000$580,000$580,000
57$646,312$615,572$606,582$687,902
58$688,597$622,096$603,263$722,924
59$734,449$628,194$599,088$757,867
60$784,210$633,823$594,005$795,461
61$838,255$638,935$587,959$835,962
62$896,995$643,481$580,894$879,649
63$960,883$647,407$572,749$926,834
64$1,030,418$650,655$563,461$977,859
65$1,106,149$653,165$552,965$1,033,101
66$1,188,680$654,874$541,193$1,092,976
67$1,278,674$655,711$528,072$1,157,942
68$1,376,863$655,605$513,526$1,228,505
69$1,484,052$654,479$497,479$1,305,224
70$1,601,127$652,250$479,846$1,388,714
71$1,729,063$648,831$460,542$1,479,653
72$1,868,934$644,131$439,476$1,578,790
73$2,021,923$638,051$416,556$1,686,950
74$2,189,330$630,487$391,682$1,805,043
75$2,372,590$621,329$364,752$1,934,074
76$2,573,281$610,461$335,658$2,075,149
77$2,793,141$597,758$304,288$2,229,489
78$3,034,085$583,092$270,524$2,398,442
79$3,298,220$566,321$234,245$2,583,492
80$3,587,868$547,301$195,323$2,786,278
81$3,905,588$525,876$153,623$3,008,605
82$4,254,195$501,881$109,006$3,252,466
83$4,636,792$475,143$61,328$3,520,057
84$5,056,798$445,478$10,435$3,813,800
85$5,517,976$412,691$0$4,136,368
86$6,024,474$376,577$0$4,493,514
87$6,580,861$336,920$0$4,886,574
88$7,192,168$293,488$0$5,318,472
89$7,863,941$246,040$0$5,793,169
90$8,602,286$194,320$0$6,315,032
91$9,413,934$138,057$0$6,888,877
92$10,306,298$76,964$0$7,520,010
93$11,287,546$10,740$0$8,214,285
94$12,366,676$0$0$8,978,152
95$13,553,602$0$0$9,837,499
96$14,859,250$0$0$10,786,482
97$16,295,654$0$0$11,830,548
98$17,876,074$0$0$12,979,339
99$19,615,123$0$0$14,243,482
100$21,528,900$0$0$15,634,685