Can I retire at age 58 with 565,000?

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 $565,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$46,657$46,242$45,836$45,440$45,054$44,198
2 years$23,098$22,667$22,251$21,846$21,454$20,596
3 years$15,245$14,813$14,398$13,997$13,611$12,777
4 years$11,320$10,889$10,478$10,084$9,708$8,903
5 years$8,966$8,537$8,131$7,746$7,380$6,607
6 years$7,396$6,971$6,571$6,194$5,839$5,100
7 years$6,276$5,855$5,461$5,093$4,749$4,043
8 years$5,436$5,018$4,631$4,272$3,940$3,267
9 years$4,783$4,370$3,989$3,639$3,318$2,678
10 years$4,261$3,852$3,477$3,137$2,827$2,220
11 years$3,834$3,429$3,062$2,730$2,431$1,856
12 years$3,479$3,077$2,717$2,394$2,107$1,562
13 years$3,178$2,781$2,427$2,114$1,837$1,322
14 years$2,921$2,528$2,181$1,877$1,611$1,124
15 years$2,698$2,309$1,969$1,674$1,418$960
16 years$2,503$2,119$1,785$1,498$1,253$822
17 years$2,331$1,951$1,625$1,346$1,111$706
18 years$2,179$1,803$1,483$1,213$988$607
19 years$2,043$1,671$1,358$1,096$881$524
20 years$1,920$1,553$1,246$993$787$452
21 years$1,810$1,446$1,146$901$704$391
22 years$1,709$1,350$1,056$819$631$339
23 years$1,618$1,263$975$746$566$294
24 years$1,534$1,183$902$681$509$255
25 years$1,457$1,110$835$622$458$221
26 years$1,386$1,044$775$568$413$192
27 years$1,320$982$719$520$372$167
28 years$1,259$925$669$477$336$145
29 years$1,203$873$622$437$303$126
30 years$1,150$824$580$401$274$110
31 years$1,101$779$541$368$248$96
32 years$1,055$737$504$339$224$83
33 years$1,012$698$471$311$203$73
34 years$971$662$440$286$184$63
35 years$933$628$411$264$166$55
36 years$897$596$385$243$151$48
37 years$863$566$360$224$137$42
38 years$831$538$337$206$124$37
39 years$801$511$316$190$112$32
40 years$772$487$296$175$102$28
41 years$745$463$278$162$92$24
42 years$719$441$261$149$84$21
43 years$695$420$244$138$76$18
44 years$671$401$229$127$69$16
45 years$649$382$215$118$63$14
46 years$628$364$202$109$57$12
47 years$607$348$190$100$52$11
48 years$588$332$179$93$47$9
49 years$569$317$168$86$43$8
50 years$552$303$158$79$39$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $565,000, adding $2,308 every year, while hoping to spend $42,148 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: 29/42/29 Blend
57$565,000$565,000$565,000$565,000
58$625,011$595,066$586,308$637,498
59$643,917$579,379$561,104$631,902
60$663,338$561,511$533,644$622,091
61$683,284$541,310$503,806$610,709
62$703,761$518,616$471,465$597,652
63$724,776$493,260$436,491$582,807
64$746,336$465,062$398,746$566,057
65$768,445$433,833$358,087$547,276
66$791,108$399,372$314,364$526,334
67$814,328$361,468$267,422$503,090
68$838,105$319,896$217,096$477,398
69$862,440$274,419$163,218$449,102
70$887,331$224,788$105,608$418,039
71$912,774$170,737$44,081$384,035
72$938,762$111,989$0$346,907
73$965,288$48,248$0$313,140
74$992,338$0$0$290,842
75$1,019,898$0$0$275,820
76$1,047,949$0$0$283,206
77$1,076,467$0$0$290,691
78$1,105,426$0$0$298,266
79$1,134,792$0$0$305,919
80$1,164,527$0$0$313,634
81$1,194,585$0$0$321,396
82$1,224,915$0$0$329,187
83$1,255,455$0$0$336,986
84$1,286,137$0$0$344,768
85$1,316,881$0$0$352,506
86$1,347,596$0$0$360,169
87$1,378,182$0$0$367,723
88$1,408,520$0$0$375,128
89$1,438,481$0$0$382,340
90$1,467,916$0$0$389,310
91$1,496,659$0$0$395,982
92$1,524,522$0$0$402,293
93$1,551,296$0$0$408,175
94$1,576,747$0$0$413,549
95$1,600,610$0$0$418,330
96$1,622,594$0$0$422,420
97$1,642,369$0$0$425,711
98$1,659,571$0$0$428,085
99$1,673,793$0$0$429,409
100$1,684,581$0$0$429,533