Can I retire at age 57 with 584,000?

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 $584,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$48,226$47,797$47,377$46,968$46,569$45,132
2 years$23,874$23,430$22,999$22,581$22,176$20,741
3 years$15,758$15,312$14,882$14,468$14,069$12,681
4 years$11,701$11,256$10,830$10,423$10,034$8,704
5 years$9,267$8,825$8,405$8,006$7,628$6,359
6 years$7,645$7,206$6,792$6,403$6,036$4,828
7 years$6,487$6,052$5,644$5,264$4,909$3,763
8 years$5,619$5,187$4,787$4,416$4,072$2,988
9 years$4,944$4,516$4,123$3,761$3,429$2,406
10 years$4,404$3,981$3,594$3,242$2,922$1,957
11 years$3,963$3,544$3,164$2,822$2,513$1,605
12 years$3,596$3,181$2,808$2,475$2,178$1,325
13 years$3,285$2,875$2,509$2,185$1,899$1,099
14 years$3,019$2,613$2,254$1,940$1,665$916
15 years$2,789$2,387$2,035$1,730$1,466$765
16 years$2,587$2,190$1,845$1,549$1,295$642
17 years$2,410$2,017$1,679$1,392$1,149$539
18 years$2,252$1,864$1,533$1,254$1,021$454
19 years$2,111$1,727$1,403$1,133$910$383
20 years$1,985$1,605$1,288$1,026$813$323
21 years$1,870$1,495$1,185$931$728$273
22 years$1,767$1,396$1,092$847$652$231
23 years$1,672$1,305$1,008$771$585$196
24 years$1,585$1,223$932$703$526$166
25 years$1,506$1,148$864$642$474$140
26 years$1,432$1,079$801$587$427$119
27 years$1,364$1,015$744$538$385$101
28 years$1,302$957$691$493$347$86
29 years$1,243$902$643$452$313$73
30 years$1,189$852$599$415$283$62
31 years$1,138$806$559$381$256$53
32 years$1,090$762$521$350$232$45
33 years$1,046$722$487$322$210$38
34 years$1,004$684$455$296$190$32
35 years$965$649$425$273$172$27
36 years$928$616$398$251$156$23
37 years$893$585$372$231$141$20
38 years$859$556$349$213$128$17
39 years$828$529$327$197$116$14
40 years$798$503$306$181$105$12
41 years$770$479$287$167$95$10
42 years$744$456$269$154$87$9
43 years$718$434$253$143$79$7
44 years$694$414$237$132$71$6
45 years$671$395$223$122$65$5
46 years$649$377$209$112$59$5
47 years$628$360$197$104$53$4
48 years$608$343$185$96$49$3
49 years$589$328$174$89$44$3
50 years$570$313$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 $584,000, adding $4,325 every year, while hoping to spend $23,428 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: 49/31/20 Blend
56$584,000$584,000$584,000$584,000
57$648,029$617,077$608,025$675,948
58$689,201$622,387$603,467$701,077
59$733,787$627,171$597,971$725,629
60$782,111$631,380$591,480$751,808
61$834,529$634,960$583,937$779,777
62$891,431$637,854$575,279$809,717
63$953,248$640,000$565,443$841,826
64$1,020,454$641,335$554,360$876,325
65$1,093,569$641,789$541,959$913,458
66$1,173,167$641,290$528,168$953,496
67$1,259,876$639,760$512,909$996,738
68$1,354,393$637,117$496,100$1,043,516
69$1,457,479$633,274$477,658$1,094,195
70$1,569,975$628,138$457,493$1,149,182
71$1,692,807$621,611$435,513$1,208,925
72$1,826,993$613,589$411,622$1,273,921
73$1,973,653$603,962$385,719$1,344,717
74$2,134,023$592,613$357,697$1,421,920
75$2,309,460$579,418$327,447$1,506,202
76$2,501,462$564,246$294,853$1,598,304
77$2,711,676$546,959$259,795$1,699,045
78$2,941,916$527,409$222,148$1,809,333
79$3,194,180$505,441$181,779$1,930,168
80$3,470,669$480,891$138,551$2,062,656
81$3,773,807$453,584$92,322$2,208,020
82$4,106,263$423,337$42,942$2,367,612
83$4,470,976$389,954$0$2,542,922
84$4,871,184$353,231$0$2,737,682
85$5,310,456$312,950$0$2,961,543
86$5,792,719$268,881$0$3,207,380
87$6,322,301$220,782$0$3,477,451
88$6,903,971$168,395$0$3,774,245
89$7,542,980$111,451$0$4,100,511
90$8,245,115$49,662$0$4,459,280
91$9,016,749$0$0$4,853,894
92$9,864,904$0$0$5,293,935
93$10,797,317$0$0$5,796,383
94$11,822,512$0$0$6,348,898
95$12,949,878$0$0$6,956,550
96$14,189,762$0$0$7,624,925
97$15,553,563$0$0$8,360,176
98$17,053,839$0$0$9,169,084
99$18,704,428$0$0$10,059,120
100$20,520,577$0$0$11,038,516