Can I retire at age 57 with 582,000?

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 $582,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$48,061$47,633$47,215$46,808$46,409$44,996
2 years$23,793$23,349$22,920$22,504$22,100$20,688
3 years$15,704$15,259$14,831$14,418$14,021$12,655
4 years$11,661$11,217$10,793$10,388$10,000$8,690
5 years$9,235$8,794$8,376$7,979$7,602$6,352
6 years$7,619$7,181$6,769$6,381$6,015$4,826
7 years$6,465$6,031$5,625$5,246$4,892$3,764
8 years$5,600$5,169$4,770$4,401$4,058$2,990
9 years$4,927$4,501$4,109$3,748$3,418$2,409
10 years$4,389$3,967$3,582$3,231$2,912$1,961
11 years$3,950$3,532$3,154$2,812$2,504$1,609
12 years$3,583$3,170$2,799$2,467$2,170$1,329
13 years$3,274$2,865$2,501$2,178$1,893$1,103
14 years$3,009$2,604$2,247$1,933$1,659$920
15 years$2,779$2,379$2,028$1,724$1,461$769
16 years$2,578$2,183$1,839$1,544$1,291$645
17 years$2,402$2,010$1,674$1,387$1,145$543
18 years$2,245$1,857$1,528$1,250$1,018$457
19 years$2,104$1,721$1,399$1,129$907$386
20 years$1,978$1,600$1,284$1,023$810$326
21 years$1,864$1,490$1,181$928$725$276
22 years$1,761$1,391$1,088$844$650$233
23 years$1,666$1,301$1,005$769$583$198
24 years$1,580$1,219$929$701$524$168
25 years$1,500$1,144$861$640$472$142
26 years$1,427$1,075$798$585$425$121
27 years$1,360$1,012$741$536$383$103
28 years$1,297$953$689$491$346$87
29 years$1,239$899$641$450$312$74
30 years$1,185$849$597$413$282$63
31 years$1,134$803$557$379$255$53
32 years$1,087$760$519$349$231$45
33 years$1,042$719$485$321$209$39
34 years$1,001$682$453$295$189$33
35 years$961$647$424$272$171$28
36 years$924$614$396$250$155$24
37 years$889$583$371$230$141$20
38 years$856$554$347$212$127$17
39 years$825$527$325$196$116$15
40 years$796$501$305$181$105$12
41 years$768$477$286$167$95$11
42 years$741$454$268$154$86$9
43 years$716$433$252$142$78$8
44 years$691$413$236$131$71$7
45 years$669$394$222$121$65$6
46 years$647$375$208$112$59$5
47 years$626$358$196$103$53$4
48 years$606$342$184$95$48$3
49 years$587$327$173$88$44$3
50 years$568$312$163$82$40$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $582,000, adding $5,278 every year, while hoping to spend $29,314 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: 73/17/10 Blend
56$582,000$582,000$582,000$582,000
57$646,808$615,962$606,941$692,434
58$681,593$614,955$596,084$722,271
59$718,943$612,915$583,880$750,777
60$759,089$609,762$570,255$781,190
61$802,285$605,409$555,127$813,690
62$848,809$599,765$538,414$848,476
63$898,966$592,732$520,030$885,766
64$953,091$584,207$499,882$925,804
65$1,011,554$574,080$477,875$968,857
66$1,074,760$562,237$453,911$1,015,220
67$1,143,153$548,555$427,885$1,065,218
68$1,217,224$532,903$399,688$1,119,212
69$1,297,510$515,144$369,207$1,177,597
70$1,384,603$495,134$336,323$1,240,812
71$1,479,155$472,717$300,911$1,309,340
72$1,581,880$447,732$262,843$1,383,715
73$1,693,566$420,005$221,983$1,464,526
74$1,815,081$389,356$178,190$1,552,422
75$1,947,375$355,591$131,316$1,648,122
76$2,091,500$318,507$81,207$1,752,415
77$2,248,608$277,889$27,703$1,866,177
78$2,419,970$233,510$0$1,990,372
79$2,606,984$185,129$0$2,129,199
80$2,811,189$132,493$0$2,284,054
81$3,034,279$75,334$0$2,453,295
82$3,278,119$13,369$0$2,638,370
83$3,544,763$0$0$2,840,878
84$3,836,472$0$0$3,072,628
85$4,155,734$0$0$3,329,031
86$4,505,291$0$0$3,609,792
87$4,888,161$0$0$3,917,338
88$5,307,669$0$0$4,254,343
89$5,767,476$0$0$4,623,752
90$6,271,613$0$0$5,028,808
91$6,824,522$0$0$5,473,083
92$7,431,093$0$0$5,960,511
93$8,096,715$0$0$6,495,425
94$8,827,321$0$0$7,082,600
95$9,629,448$0$0$7,727,292
96$10,510,297$0$0$8,435,295
97$11,477,800$0$0$9,212,988
98$12,540,695$0$0$10,067,400
99$13,708,608$0$0$11,006,275
100$14,992,144$0$0$12,038,144