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%15.9%
1 years$47,978$47,551$47,134$46,727$46,330$45,210
2 years$23,752$23,309$22,881$22,465$22,062$20,940
3 years$15,677$15,233$14,805$14,394$13,997$12,909
4 years$11,641$11,198$10,774$10,370$9,983$8,936
5 years$9,219$8,779$8,361$7,965$7,589$6,587
6 years$7,606$7,169$6,757$6,370$6,005$5,049
7 years$6,454$6,020$5,615$5,237$4,883$3,973
8 years$5,590$5,161$4,762$4,393$4,051$3,187
9 years$4,919$4,493$4,102$3,742$3,412$2,592
10 years$4,382$3,961$3,576$3,226$2,907$2,131
11 years$3,943$3,526$3,148$2,807$2,500$1,767
12 years$3,577$3,165$2,794$2,462$2,167$1,475
13 years$3,268$2,860$2,496$2,174$1,889$1,237
14 years$3,004$2,600$2,243$1,930$1,656$1,043
15 years$2,774$2,375$2,025$1,721$1,458$882
16 years$2,574$2,179$1,836$1,541$1,289$749
17 years$2,397$2,007$1,671$1,384$1,143$637
18 years$2,241$1,854$1,525$1,248$1,016$543
19 years$2,101$1,718$1,396$1,127$906$464
20 years$1,975$1,597$1,281$1,021$809$397
21 years$1,861$1,487$1,179$927$724$340
22 years$1,758$1,388$1,086$843$649$291
23 years$1,663$1,299$1,003$767$582$250
24 years$1,577$1,217$928$700$524$214
25 years$1,498$1,142$859$639$471$184
26 years$1,425$1,073$797$584$424$158
27 years$1,357$1,010$740$535$383$136
28 years$1,295$952$688$490$345$117
29 years$1,237$898$640$449$312$101
30 years$1,183$848$596$412$282$87
31 years$1,132$801$556$379$255$75
32 years$1,085$758$519$348$230$65
33 years$1,040$718$484$320$208$56
34 years$999$681$452$295$189$48
35 years$960$646$423$271$171$41
36 years$923$613$396$250$155$36
37 years$888$582$370$230$140$31
38 years$855$553$347$212$127$26
39 years$824$526$325$196$115$23
40 years$794$500$305$180$105$20
41 years$766$476$286$166$95$17
42 years$740$454$268$154$86$15
43 years$714$432$251$142$78$13
44 years$690$412$236$131$71$11
45 years$667$393$222$121$64$9
46 years$645$375$208$112$59$8
47 years$625$358$195$103$53$7
48 years$605$341$184$95$48$6
49 years$586$326$173$88$44$5
50 years$567$311$162$81$40$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $581,000, adding $5,992 every year, while hoping to spend $22,744 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: 41/33/26 Blend
56$581,000$581,000$581,000$581,000
57$646,443$615,650$606,644$667,794
58$688,180$621,617$602,767$689,703
59$733,413$627,115$597,998$710,812
60$782,473$632,095$592,283$733,219
61$835,726$636,509$585,566$757,057
62$893,575$640,302$577,786$782,473
63$956,461$643,418$568,884$809,630
64$1,024,871$645,797$558,792$838,710
65$1,099,341$647,374$547,445$869,915
66$1,180,460$648,081$534,770$903,468
67$1,268,875$647,846$520,694$939,618
68$1,365,302$646,592$505,139$978,638
69$1,470,525$644,237$488,023$1,020,835
70$1,585,408$640,694$469,261$1,066,545
71$1,710,903$635,871$448,765$1,116,143
72$1,848,058$629,672$426,441$1,170,044
73$1,998,026$621,992$402,193$1,228,706
74$2,162,076$612,722$375,919$1,292,639
75$2,341,608$601,745$347,512$1,362,406
76$2,538,161$588,939$316,862$1,438,630
77$2,753,430$574,174$283,854$1,522,000
78$2,989,282$557,311$248,365$1,613,281
79$3,247,774$538,204$210,270$1,713,317
80$3,531,170$516,699$169,437$1,823,041
81$3,841,964$492,632$125,728$1,943,489
82$4,182,903$465,830$78,999$2,075,801
83$4,557,014$436,110$29,100$2,221,242
84$4,967,628$403,278$0$2,381,209
85$5,418,418$367,131$0$2,563,945
86$5,913,428$327,451$0$2,773,509
87$6,457,111$284,010$0$3,003,751
88$7,054,377$236,567$0$3,256,806
89$7,710,631$184,867$0$3,535,027
90$8,431,830$128,639$0$3,841,012
91$9,224,534$67,600$0$4,177,626
92$10,095,972$1,448$0$4,548,031
93$11,054,109$0$0$4,955,715
94$12,107,719$0$0$5,429,994
95$13,266,470$0$0$5,952,265
96$14,541,011$0$0$6,526,811
97$15,943,078$0$0$7,158,936
98$17,485,601$0$0$7,854,478
99$19,182,826$0$0$8,619,873
100$21,050,449$0$0$9,462,212