Can I retire at age 57 with 581,000?

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 $581,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$47,978$47,551$47,134$46,727$46,330$44,668
2 years$23,752$23,309$22,881$22,465$22,062$20,406
3 years$15,677$15,233$14,805$14,394$13,997$12,398
4 years$11,641$11,198$10,774$10,370$9,983$8,454
5 years$9,219$8,779$8,361$7,965$7,589$6,134
6 years$7,606$7,169$6,757$6,370$6,005$4,625
7 years$6,454$6,020$5,615$5,237$4,883$3,578
8 years$5,590$5,161$4,762$4,393$4,051$2,819
9 years$4,919$4,493$4,102$3,742$3,412$2,252
10 years$4,382$3,961$3,576$3,226$2,907$1,817
11 years$3,943$3,526$3,148$2,807$2,500$1,477
12 years$3,577$3,165$2,794$2,462$2,167$1,209
13 years$3,268$2,860$2,496$2,174$1,889$994
14 years$3,004$2,600$2,243$1,930$1,656$821
15 years$2,774$2,375$2,025$1,721$1,458$680
16 years$2,574$2,179$1,836$1,541$1,289$564
17 years$2,397$2,007$1,671$1,384$1,143$470
18 years$2,241$1,854$1,525$1,248$1,016$392
19 years$2,101$1,718$1,396$1,127$906$327
20 years$1,975$1,597$1,281$1,021$809$273
21 years$1,861$1,487$1,179$927$724$229
22 years$1,758$1,388$1,086$843$649$192
23 years$1,663$1,299$1,003$767$582$160
24 years$1,577$1,217$928$700$524$135
25 years$1,498$1,142$859$639$471$113
26 years$1,425$1,073$797$584$424$95
27 years$1,357$1,010$740$535$383$80
28 years$1,295$952$688$490$345$67
29 years$1,237$898$640$449$312$56
30 years$1,183$848$596$412$282$47
31 years$1,132$801$556$379$255$40
32 years$1,085$758$519$348$230$33
33 years$1,040$718$484$320$208$28
34 years$999$681$452$295$189$24
35 years$960$646$423$271$171$20
36 years$923$613$396$250$155$17
37 years$888$582$370$230$140$14
38 years$855$553$347$212$127$12
39 years$824$526$325$196$115$10
40 years$794$500$305$180$105$8
41 years$766$476$286$166$95$7
42 years$740$454$268$154$86$6
43 years$714$432$251$142$78$5
44 years$690$412$236$131$71$4
45 years$667$393$222$121$64$3
46 years$645$375$208$112$59$3
47 years$625$358$195$103$53$2
48 years$605$341$184$95$48$2
49 years$586$326$173$88$44$2
50 years$567$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 $581,000, adding $6,117 every year, while hoping to spend $47,604 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: 43/29/28 Blend
56$581,000$581,000$581,000$581,000
57$646,572$615,779$606,773$668,873
58$661,872$595,302$576,450$664,961
59$677,137$572,226$543,515$655,751
60$692,313$546,373$507,831$644,863
61$707,340$517,556$469,255$632,168
62$722,149$485,576$427,634$617,531
63$736,662$450,223$382,814$600,805
64$750,792$411,275$334,629$581,834
65$764,441$368,496$282,907$560,451
66$777,500$321,639$227,471$536,476
67$789,847$270,441$168,133$509,718
68$801,344$214,625$104,698$479,972
69$811,838$153,898$36,962$447,016
70$821,158$87,952$0$410,615
71$829,114$16,459$0$381,068
72$835,493$0$0$360,020
73$840,060$0$0$355,636
74$842,553$0$0$355,481
75$842,679$0$0$354,162
76$840,115$0$0$351,525
77$834,502$0$0$347,397
78$825,439$0$0$341,590
79$812,485$0$0$333,891
80$795,150$0$0$324,066
81$772,890$0$0$311,857
82$745,104$0$0$296,977
83$711,125$0$0$279,109
84$670,216$0$0$257,901
85$621,560$0$0$232,965
86$564,255$0$0$203,871
87$497,304$0$0$170,145
88$419,601$0$0$131,261
89$329,927$0$0$86,640
90$226,933$0$0$35,640
91$109,130$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0