Can I retire at age 57 with 590,000?

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 $590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$48,722$48,288$47,864$47,451$47,047$46,537
2 years$24,120$23,670$23,235$22,813$22,404$21,889
3 years$15,920$15,469$15,035$14,616$14,214$13,712
4 years$11,821$11,371$10,941$10,530$10,137$9,652
5 years$9,362$8,915$8,491$8,088$7,706$7,239
6 years$7,724$7,280$6,862$6,468$6,098$5,648
7 years$6,554$6,114$5,702$5,318$4,959$4,528
8 years$5,677$5,241$4,836$4,461$4,114$3,702
9 years$4,995$4,563$4,165$3,800$3,465$3,070
10 years$4,450$4,022$3,631$3,276$2,952$2,576
11 years$4,004$3,580$3,197$2,851$2,539$2,181
12 years$3,633$3,214$2,837$2,500$2,200$1,859
13 years$3,319$2,904$2,535$2,208$1,919$1,595
14 years$3,050$2,640$2,278$1,960$1,682$1,374
15 years$2,817$2,412$2,056$1,748$1,481$1,189
16 years$2,614$2,213$1,864$1,565$1,309$1,033
17 years$2,435$2,038$1,697$1,406$1,160$899
18 years$2,275$1,883$1,549$1,267$1,032$785
19 years$2,133$1,745$1,418$1,145$920$687
20 years$2,005$1,622$1,301$1,037$821$602
21 years$1,890$1,510$1,197$941$735$529
22 years$1,785$1,410$1,103$856$659$465
23 years$1,689$1,319$1,018$779$591$409
24 years$1,602$1,236$942$711$532$361
25 years$1,521$1,159$872$649$478$318
26 years$1,447$1,090$809$593$431$281
27 years$1,378$1,026$751$543$389$248
28 years$1,315$966$698$498$351$219
29 years$1,256$912$650$456$317$194
30 years$1,201$861$605$419$286$172
31 years$1,150$814$564$385$259$152
32 years$1,102$770$527$354$234$135
33 years$1,057$729$492$325$212$119
34 years$1,014$691$459$299$192$106
35 years$975$656$430$275$174$94
36 years$937$622$402$254$157$83
37 years$902$591$376$234$143$74
38 years$868$562$352$215$129$65
39 years$837$534$330$199$117$58
40 years$807$508$309$183$106$51
41 years$778$484$290$169$96$46
42 years$751$461$272$156$88$40
43 years$725$439$255$144$79$36
44 years$701$418$240$133$72$32
45 years$678$399$225$123$65$28
46 years$655$381$211$113$59$25
47 years$634$363$199$105$54$22
48 years$614$347$187$97$49$20
49 years$595$331$175$89$45$18
50 years$576$316$165$83$40$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $590,000, adding $4,284 every year, while hoping to spend $26,625 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: 43/38/19 Blend
56$590,000$590,000$590,000$590,000
57$654,599$623,329$614,184$678,960
58$693,039$625,543$606,430$698,790
59$734,508$626,974$597,525$717,323
60$779,286$627,554$587,400$736,848
61$827,682$627,213$575,987$757,469
62$880,036$625,876$563,212$779,303
63$936,719$623,463$548,999$802,480
64$998,141$619,890$533,268$827,144
65$1,064,754$615,067$515,935$853,457
66$1,137,053$608,899$496,912$881,599
67$1,215,582$601,285$476,109$911,769
68$1,300,942$592,119$453,429$944,192
69$1,393,791$581,286$428,772$979,113
70$1,494,856$568,667$402,034$1,016,810
71$1,604,935$554,136$373,106$1,057,588
72$1,724,907$537,557$341,873$1,101,788
73$1,855,738$518,788$308,217$1,149,788
74$1,998,493$497,678$272,012$1,202,007
75$2,154,344$474,068$233,128$1,258,913
76$2,324,579$447,790$191,430$1,321,021
77$2,510,618$418,664$146,776$1,388,907
78$2,714,026$386,502$99,017$1,463,206
79$2,936,521$351,106$47,998$1,544,623
80$3,179,999$312,263$0$1,633,943
81$3,446,547$269,752$0$1,733,337
82$3,738,461$223,336$0$1,852,929
83$4,058,272$172,768$0$1,984,078
84$4,408,767$117,784$0$2,127,998
85$4,793,013$58,107$0$2,286,034
86$5,214,390$0$0$2,459,669
87$5,676,622$0$0$2,653,285
88$6,183,807$0$0$2,892,466
89$6,740,463$0$0$3,155,053
90$7,351,564$0$0$3,443,401
91$8,022,589$0$0$3,760,107
92$8,759,576$0$0$4,108,029
93$9,569,175$0$0$4,490,317
94$10,458,710$0$0$4,910,442
95$11,436,252$0$0$5,372,226
96$12,510,692$0$0$5,879,881
97$13,691,825$0$0$6,438,048
98$14,990,443$0$0$7,051,837
99$16,418,435$0$0$7,726,882
100$17,988,899$0$0$8,469,387