Can I retire at age 58 with 569,000?

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 $569,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$46,987$46,569$46,161$45,762$45,373$43,711
2 years$23,261$22,828$22,408$22,001$21,606$19,950
3 years$15,353$14,918$14,499$14,096$13,708$12,110
4 years$11,400$10,967$10,552$10,156$9,777$8,249
5 years$9,029$8,598$8,189$7,800$7,432$5,979
6 years$7,449$7,021$6,618$6,238$5,881$4,503
7 years$6,320$5,896$5,499$5,129$4,783$3,480
8 years$5,475$5,054$4,664$4,302$3,968$2,739
9 years$4,817$4,400$4,017$3,665$3,341$2,185
10 years$4,291$3,879$3,502$3,159$2,847$1,760
11 years$3,861$3,453$3,083$2,749$2,448$1,430
12 years$3,503$3,099$2,736$2,411$2,122$1,168
13 years$3,201$2,801$2,445$2,129$1,850$959
14 years$2,942$2,546$2,197$1,890$1,622$791
15 years$2,717$2,326$1,983$1,685$1,428$654
16 years$2,521$2,134$1,798$1,509$1,262$542
17 years$2,348$1,965$1,636$1,356$1,119$451
18 years$2,194$1,816$1,494$1,222$995$375
19 years$2,057$1,683$1,367$1,104$887$313
20 years$1,934$1,564$1,255$1,000$792$261
21 years$1,822$1,457$1,154$908$709$218
22 years$1,721$1,360$1,064$825$635$182
23 years$1,629$1,272$982$752$570$153
24 years$1,545$1,192$908$685$513$128
25 years$1,467$1,118$841$626$461$107
26 years$1,395$1,051$780$572$416$90
27 years$1,329$989$725$524$375$75
28 years$1,268$932$674$480$338$63
29 years$1,211$879$627$440$305$53
30 years$1,158$830$584$404$276$44
31 years$1,109$785$544$371$249$37
32 years$1,062$743$508$341$226$31
33 years$1,019$703$474$314$204$26
34 years$978$667$443$288$185$22
35 years$940$632$414$266$167$18
36 years$904$600$388$245$152$15
37 years$870$570$363$225$137$13
38 years$837$542$340$208$125$11
39 years$807$515$318$192$113$9
40 years$778$490$298$177$103$8
41 years$750$466$280$163$93$6
42 years$724$444$262$150$84$5
43 years$700$423$246$139$77$5
44 years$676$403$231$128$70$4
45 years$654$385$217$118$63$3
46 years$632$367$204$109$57$3
47 years$612$350$191$101$52$2
48 years$592$334$180$93$47$2
49 years$573$319$169$86$43$2
50 years$556$305$159$80$39$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $569,000, adding $2,183 every year, while hoping to spend $38,918 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: 57/34/9 Blend
57$569,000$569,000$569,000$569,000
58$629,290$599,133$590,313$663,702
59$652,069$587,082$568,680$675,097
60$675,867$573,136$545,018$682,972
61$700,747$557,161$519,218$690,608
62$726,777$539,016$491,166$697,986
63$754,031$518,550$460,742$705,087
64$782,588$495,605$427,823$711,894
65$812,534$470,012$392,277$718,389
66$843,964$441,594$353,970$724,555
67$876,979$410,163$312,759$730,375
68$911,690$375,520$268,495$735,836
69$948,218$337,455$221,025$740,923
70$986,692$295,747$170,185$745,624
71$1,027,256$250,160$115,808$749,929
72$1,070,065$200,447$57,716$753,832
73$1,115,288$146,345$0$757,329
74$1,163,111$87,579$0$760,830
75$1,213,734$23,857$0$769,870
76$1,267,379$0$0$778,929
77$1,324,286$0$0$804,927
78$1,384,717$0$0$842,039
79$1,448,961$0$0$881,519
80$1,517,333$0$0$923,564
81$1,590,177$0$0$968,389
82$1,667,870$0$0$1,016,232
83$1,750,826$0$0$1,067,350
84$1,839,498$0$0$1,122,027
85$1,934,382$0$0$1,180,575
86$2,036,023$0$0$1,243,333
87$2,145,018$0$0$1,310,676
88$2,262,022$0$0$1,383,015
89$2,387,753$0$0$1,460,800
90$2,523,003$0$0$1,544,526
91$2,668,636$0$0$1,634,735
92$2,825,604$0$0$1,732,025
93$2,994,954$0$0$1,837,050
94$3,177,833$0$0$1,950,532
95$3,375,504$0$0$2,073,261
96$3,589,354$0$0$2,206,107
97$3,820,906$0$0$2,350,026
98$4,071,839$0$0$2,506,071
99$4,343,995$0$0$2,675,397
100$4,639,400$0$0$2,859,276