Can I retire at age 58 with 567,000?

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 $567,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$46,822$46,405$45,998$45,601$45,213$43,784
2 years$23,179$22,748$22,329$21,924$21,530$20,103
3 years$15,299$14,866$14,449$14,047$13,660$12,279
4 years$11,360$10,928$10,515$10,120$9,742$8,419
5 years$8,997$8,568$8,160$7,773$7,406$6,144
6 years$7,423$6,996$6,594$6,216$5,860$4,661
7 years$6,298$5,875$5,480$5,111$4,766$3,628
8 years$5,455$5,036$4,647$4,287$3,954$2,878
9 years$4,800$4,385$4,003$3,652$3,330$2,314
10 years$4,276$3,865$3,490$3,148$2,837$1,880
11 years$3,848$3,441$3,072$2,740$2,440$1,540
12 years$3,491$3,088$2,727$2,403$2,114$1,269
13 years$3,189$2,791$2,436$2,121$1,844$1,051
14 years$2,931$2,537$2,189$1,883$1,616$875
15 years$2,708$2,318$1,976$1,679$1,423$730
16 years$2,512$2,126$1,792$1,504$1,258$611
17 years$2,340$1,958$1,630$1,351$1,115$513
18 years$2,187$1,809$1,488$1,218$992$431
19 years$2,050$1,677$1,363$1,100$884$363
20 years$1,927$1,558$1,250$996$789$306
21 years$1,816$1,452$1,150$904$706$258
22 years$1,715$1,355$1,060$822$633$218
23 years$1,623$1,267$979$749$568$184
24 years$1,539$1,187$905$683$511$156
25 years$1,462$1,114$838$624$460$132
26 years$1,391$1,047$778$570$414$112
27 years$1,325$986$722$522$373$95
28 years$1,264$929$671$478$337$80
29 years$1,207$876$625$439$304$68
30 years$1,154$827$582$403$275$58
31 years$1,105$782$542$370$249$49
32 years$1,059$740$506$340$225$41
33 years$1,015$701$473$312$203$35
34 years$975$664$442$287$184$30
35 years$937$630$413$265$167$25
36 years$901$598$386$244$151$21
37 years$867$568$361$225$137$18
38 years$834$540$338$207$124$15
39 years$804$513$317$191$113$13
40 years$775$488$297$176$102$11
41 years$748$465$279$162$93$9
42 years$722$443$261$150$84$8
43 years$697$422$245$138$76$7
44 years$674$402$230$128$69$6
45 years$651$383$216$118$63$5
46 years$630$366$203$109$57$4
47 years$610$349$191$101$52$4
48 years$590$333$179$93$47$3
49 years$571$318$169$86$43$3
50 years$554$304$158$79$39$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $567,000, adding $5,084 every year, while hoping to spend $35,845 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: 49/33/18 Blend
57$567,000$567,000$567,000$567,000
58$630,078$600,027$591,239$657,551
59$656,207$591,290$572,906$668,356
60$683,800$580,923$552,759$676,006
61$712,969$568,809$530,697$683,548
62$743,834$554,822$506,617$690,985
63$776,529$538,833$480,413$698,325
64$811,198$520,699$451,970$705,576
65$848,001$500,274$421,172$712,750
66$887,111$477,402$387,895$719,865
67$928,718$451,916$352,011$726,941
68$973,029$423,641$313,385$734,006
69$1,020,271$392,393$271,877$741,091
70$1,070,693$357,975$227,340$748,237
71$1,124,569$320,181$179,621$755,491
72$1,182,198$278,792$128,560$762,908
73$1,243,906$233,577$73,991$770,556
74$1,310,054$184,292$15,740$778,511
75$1,381,037$130,679$0$786,863
76$1,457,286$72,466$0$804,634
77$1,539,277$9,364$0$826,832
78$1,627,532$0$0$850,608
79$1,722,623$0$0$897,558
80$1,825,179$0$0$951,909
81$1,935,892$0$0$1,010,632
82$2,055,521$0$0$1,074,136
83$2,184,900$0$0$1,142,870
84$2,324,947$0$0$1,217,329
85$2,476,670$0$0$1,298,056
86$2,641,178$0$0$1,385,650
87$2,819,690$0$0$1,480,766
88$3,013,548$0$0$1,584,128
89$3,224,226$0$0$1,696,532
90$3,453,347$0$0$1,818,851
91$3,702,696$0$0$1,952,049
92$3,974,237$0$0$2,097,185
93$4,270,133$0$0$2,255,425
94$4,592,762$0$0$2,428,052
95$4,944,741$0$0$2,616,477
96$5,328,953$0$0$2,822,256
97$5,748,570$0$0$3,047,100
98$6,207,085$0$0$3,292,893
99$6,708,340$0$0$3,561,708
100$7,256,570$0$0$3,855,830