Can I retire at age 58 with 564,000?

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 $564,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$46,575$46,160$45,755$45,360$44,974$43,224
2 years$23,057$22,627$22,211$21,808$21,416$19,674
3 years$15,218$14,787$14,372$13,972$13,587$11,908
4 years$11,300$10,870$10,459$10,066$9,691$8,087
5 years$8,950$8,522$8,117$7,732$7,367$5,843
6 years$7,383$6,959$6,560$6,183$5,829$4,386
7 years$6,265$5,844$5,451$5,084$4,741$3,378
8 years$5,426$5,010$4,623$4,265$3,933$2,649
9 years$4,775$4,362$3,982$3,632$3,312$2,105
10 years$4,253$3,845$3,471$3,131$2,822$1,690
11 years$3,827$3,423$3,056$2,725$2,427$1,367
12 years$3,473$3,072$2,712$2,390$2,103$1,113
13 years$3,173$2,776$2,423$2,110$1,834$910
14 years$2,916$2,524$2,177$1,873$1,608$747
15 years$2,693$2,305$1,966$1,671$1,416$615
16 years$2,499$2,115$1,782$1,496$1,251$508
17 years$2,327$1,948$1,622$1,344$1,109$420
18 years$2,175$1,800$1,480$1,211$986$348
19 years$2,039$1,668$1,355$1,094$879$289
20 years$1,917$1,550$1,244$991$785$240
21 years$1,806$1,444$1,144$900$703$200
22 years$1,706$1,348$1,054$818$630$166
23 years$1,615$1,261$974$745$565$138
24 years$1,531$1,181$900$679$508$115
25 years$1,454$1,108$834$620$457$96
26 years$1,383$1,042$773$567$412$80
27 years$1,318$980$718$519$371$67
28 years$1,257$924$668$476$335$56
29 years$1,201$871$621$436$303$47
30 years$1,148$823$579$400$273$39
31 years$1,099$778$540$368$247$32
32 years$1,053$736$503$338$224$27
33 years$1,010$697$470$311$202$23
34 years$970$661$439$286$183$19
35 years$932$627$411$263$166$16
36 years$896$595$384$242$150$13
37 years$862$565$360$223$136$11
38 years$830$537$337$206$124$9
39 years$800$511$315$190$112$8
40 years$771$486$296$175$102$6
41 years$744$462$277$162$92$5
42 years$718$440$260$149$84$4
43 years$693$420$244$138$76$4
44 years$670$400$229$127$69$3
45 years$648$381$215$117$63$3
46 years$627$364$202$108$57$2
47 years$606$347$190$100$52$2
48 years$587$331$178$93$47$2
49 years$568$317$168$86$43$1
50 years$551$302$158$79$39$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $564,000, adding $6,867 every year, while hoping to spend $39,181 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: 68/19/13 Blend
57$564,000$564,000$564,000$564,000
58$628,611$598,719$589,977$669,065
59$651,041$586,368$568,053$684,515
60$674,446$572,099$544,082$696,098
61$698,884$555,776$517,952$707,759
62$724,417$537,255$489,551$719,501
63$751,113$516,387$458,756$731,329
64$779,045$493,008$425,443$743,249
65$808,293$466,951$389,481$755,268
66$838,943$438,036$350,732$767,398
67$871,087$406,072$309,054$779,651
68$904,827$370,858$264,297$792,042
69$940,273$332,183$216,304$804,591
70$977,543$289,823$164,912$817,321
71$1,016,768$243,540$109,952$830,259
72$1,058,088$193,083$51,246$843,437
73$1,101,658$138,189$0$856,893
74$1,147,645$78,578$0$872,253
75$1,196,231$13,955$0$895,674
76$1,247,616$0$0$920,129
77$1,302,018$0$0$957,420
78$1,359,674$0$0$1,000,050
79$1,420,843$0$0$1,045,294
80$1,485,810$0$0$1,093,366
81$1,554,885$0$0$1,144,496
82$1,628,407$0$0$1,198,940
83$1,706,749$0$0$1,256,974
84$1,790,317$0$0$1,318,904
85$1,879,558$0$0$1,385,063
86$1,974,961$0$0$1,455,817
87$2,077,060$0$0$1,531,566
88$2,186,445$0$0$1,612,750
89$2,303,758$0$0$1,699,850
90$2,429,708$0$0$1,793,398
91$2,565,070$0$0$1,893,972
92$2,710,696$0$0$2,002,210
93$2,867,522$0$0$2,118,813
94$3,036,574$0$0$2,244,550
95$3,218,982$0$0$2,380,264
96$3,415,985$0$0$2,526,885
97$3,628,945$0$0$2,685,432
98$3,859,359$0$0$2,857,026
99$4,108,874$0$0$3,042,899
100$4,379,300$0$0$3,244,407