Can I retire at age 57 with 583,000?

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 $583,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$48,144$47,715$47,296$46,888$46,489$45,421
2 years$23,833$23,390$22,959$22,542$22,138$21,067
3 years$15,731$15,285$14,856$14,443$14,045$13,006
4 years$11,681$11,236$10,812$10,405$10,017$9,017
5 years$9,251$8,809$8,390$7,992$7,615$6,657
6 years$7,632$7,194$6,781$6,392$6,025$5,111
7 years$6,476$6,041$5,635$5,255$4,900$4,029
8 years$5,609$5,178$4,779$4,408$4,065$3,237
9 years$4,935$4,509$4,116$3,755$3,423$2,637
10 years$4,397$3,974$3,588$3,237$2,917$2,172
11 years$3,956$3,538$3,159$2,817$2,509$1,805
12 years$3,590$3,176$2,804$2,471$2,174$1,509
13 years$3,279$2,870$2,505$2,181$1,896$1,269
14 years$3,014$2,609$2,251$1,936$1,662$1,072
15 years$2,784$2,383$2,032$1,727$1,463$909
16 years$2,583$2,186$1,842$1,546$1,293$773
17 years$2,406$2,013$1,676$1,389$1,147$659
18 years$2,248$1,861$1,530$1,252$1,020$563
19 years$2,108$1,724$1,401$1,131$909$482
20 years$1,981$1,602$1,286$1,025$812$413
21 years$1,867$1,493$1,183$930$726$354
22 years$1,764$1,393$1,090$845$651$304
23 years$1,669$1,303$1,006$770$584$262
24 years$1,583$1,221$931$702$525$225
25 years$1,503$1,146$862$641$473$194
26 years$1,430$1,077$800$586$426$167
27 years$1,362$1,013$742$537$384$144
28 years$1,299$955$690$492$346$124
29 years$1,241$901$642$451$313$107
30 years$1,187$851$598$414$283$93
31 years$1,136$804$558$380$256$80
32 years$1,089$761$520$349$231$69
33 years$1,044$721$486$321$209$60
34 years$1,002$683$454$296$189$52
35 years$963$648$424$272$172$45
36 years$926$615$397$251$155$39
37 years$891$584$372$231$141$33
38 years$858$555$348$213$128$29
39 years$827$528$326$196$116$25
40 years$797$502$306$181$105$22
41 years$769$478$287$167$95$19
42 years$742$455$269$154$86$16
43 years$717$434$252$142$78$14
44 years$693$413$237$131$71$12
45 years$670$394$222$121$65$10
46 years$648$376$209$112$59$9
47 years$627$359$196$104$53$8
48 years$607$343$184$96$48$7
49 years$588$327$173$88$44$6
50 years$569$313$163$82$40$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $583,000, adding $2,757 every year, while hoping to spend $25,616 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: 60/30/10 Blend
56$583,000$583,000$583,000$583,000
57$645,310$614,411$605,374$682,374
58$683,876$617,262$598,399$710,436
59$725,518$619,394$590,332$737,874
60$770,521$620,745$581,109$767,173
61$819,202$621,248$570,663$798,512
62$871,905$620,835$558,925$832,090
63$929,012$619,428$545,822$868,130
64$990,942$616,951$531,277$906,875
65$1,058,155$613,318$515,211$948,594
66$1,131,156$608,440$497,541$993,585
67$1,210,503$602,223$478,178$1,042,179
68$1,296,809$594,566$457,031$1,094,739
69$1,390,747$585,363$434,005$1,151,668
70$1,493,059$574,502$409,000$1,213,410
71$1,604,561$561,863$381,912$1,280,457
72$1,726,152$547,320$352,632$1,353,352
73$1,858,820$530,739$321,045$1,432,695
74$2,003,652$511,978$287,033$1,519,147
75$2,161,848$490,888$250,471$1,613,442
76$2,334,725$467,309$211,231$1,716,388
77$2,523,735$441,076$169,175$1,828,878
78$2,730,476$412,009$124,162$1,951,898
79$2,956,708$379,921$76,046$2,086,539
80$3,204,369$344,614$24,670$2,234,002
81$3,475,594$305,879$0$2,395,617
82$3,772,731$263,493$0$2,576,068
83$4,098,369$217,224$0$2,776,775
84$4,455,357$166,823$0$2,996,910
85$4,846,836$112,029$0$3,238,466
86$5,276,262$52,567$0$3,503,642
87$5,747,443$0$0$3,794,864
88$6,264,574$0$0$4,118,723
89$6,832,276$0$0$4,493,350
90$7,455,638$0$0$4,904,756
91$8,140,267$0$0$5,356,648
92$8,892,339$0$0$5,853,108
93$9,718,658$0$0$6,398,635
94$10,626,719$0$0$6,998,184
95$11,624,780$0$0$7,657,214
96$12,721,939$0$0$8,381,739
97$13,928,218$0$0$9,178,385
98$15,254,660$0$0$10,054,454
99$16,713,430$0$0$11,017,987
100$18,317,933$0$0$12,077,847