Can I retire at age 57 with 585,000?

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 $585,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$48,309$47,878$47,459$47,049$46,649$45,083
2 years$23,915$23,470$23,038$22,620$22,214$20,652
3 years$15,785$15,338$14,907$14,493$14,093$12,584
4 years$11,721$11,275$10,849$10,441$10,051$8,607
5 years$9,283$8,840$8,419$8,020$7,641$6,264
6 years$7,658$7,218$6,804$6,413$6,046$4,739
7 years$6,498$6,062$5,654$5,273$4,917$3,679
8 years$5,628$5,196$4,795$4,423$4,079$2,909
9 years$4,952$4,524$4,130$3,768$3,435$2,332
10 years$4,412$3,988$3,601$3,248$2,927$1,889
11 years$3,970$3,550$3,170$2,827$2,517$1,542
12 years$3,602$3,186$2,813$2,479$2,181$1,267
13 years$3,291$2,880$2,513$2,189$1,902$1,046
14 years$3,024$2,617$2,258$1,943$1,668$867
15 years$2,793$2,391$2,039$1,733$1,468$721
16 years$2,592$2,194$1,849$1,552$1,298$602
17 years$2,414$2,020$1,682$1,394$1,151$503
18 years$2,256$1,867$1,536$1,256$1,023$421
19 years$2,115$1,730$1,406$1,135$912$353
20 years$1,988$1,608$1,290$1,028$814$297
21 years$1,874$1,498$1,187$933$729$249
22 years$1,770$1,398$1,094$848$653$210
23 years$1,675$1,308$1,010$773$586$177
24 years$1,588$1,225$934$705$527$149
25 years$1,508$1,150$865$644$474$125
26 years$1,435$1,080$802$588$427$106
27 years$1,367$1,017$745$539$385$89
28 years$1,304$958$693$493$348$75
29 years$1,245$904$644$453$314$64
30 years$1,191$854$600$415$284$54
31 years$1,140$807$560$381$256$45
32 years$1,092$764$522$351$232$38
33 years$1,048$723$488$322$210$32
34 years$1,006$685$456$297$190$27
35 years$966$650$426$273$172$23
36 years$929$617$398$251$156$20
37 years$894$586$373$232$141$16
38 years$861$557$349$214$128$14
39 years$830$530$327$197$116$12
40 years$800$504$307$182$105$10
41 years$772$480$288$168$96$8
42 years$745$457$270$155$87$7
43 years$719$435$253$143$79$6
44 years$695$415$238$132$71$5
45 years$672$396$223$122$65$4
46 years$650$377$210$112$59$4
47 years$629$360$197$104$53$3
48 years$609$344$185$96$49$3
49 years$590$328$174$89$44$2
50 years$571$314$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 $585,000, adding $4,284 every year, while hoping to spend $42,728 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: 39/35/26 Blend
56$585,000$585,000$585,000$585,000
57$649,089$618,084$609,016$669,254
58$669,834$602,908$583,956$669,138
59$691,262$585,556$556,624$664,726
60$713,400$565,877$526,900$659,125
61$736,271$543,709$494,656$652,252
62$759,904$518,884$459,760$644,020
63$784,326$491,222$422,074$634,340
64$809,567$460,531$381,453$623,114
65$835,658$426,612$337,746$610,243
66$862,630$389,251$290,796$595,619
67$890,518$348,224$240,438$579,131
68$919,358$303,294$186,499$560,660
69$949,187$254,210$128,801$540,082
70$980,044$200,706$67,156$517,268
71$1,011,970$142,503$1,368$492,078
72$1,045,010$79,304$0$464,369
73$1,079,209$10,798$0$453,087
74$1,114,617$0$0$440,619
75$1,151,283$0$0$450,878
76$1,189,263$0$0$465,817
77$1,228,615$0$0$481,303
78$1,269,399$0$0$497,359
79$1,311,680$0$0$514,012
80$1,355,527$0$0$531,290
81$1,401,013$0$0$549,224
82$1,448,216$0$0$567,844
83$1,497,219$0$0$587,186
84$1,548,112$0$0$607,285
85$1,600,987$0$0$628,181
86$1,655,948$0$0$649,916
87$1,713,102$0$0$672,533
88$1,772,565$0$0$696,082
89$1,834,462$0$0$720,614
90$1,898,928$0$0$746,184
91$1,966,105$0$0$772,852
92$2,036,150$0$0$800,684
93$2,109,228$0$0$829,747
94$2,185,520$0$0$860,118
95$2,265,220$0$0$891,878
96$2,348,538$0$0$925,113
97$2,435,701$0$0$959,921
98$2,526,954$0$0$996,402
99$2,622,563$0$0$1,034,670
100$2,722,818$0$0$1,074,845