Can I retire at age 58 with 572,000?

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 $572,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$47,235$46,814$46,404$46,003$45,612$45,401
2 years$23,384$22,948$22,526$22,117$21,720$21,507
3 years$15,434$14,997$14,576$14,171$13,780$13,571
4 years$11,460$11,024$10,608$10,209$9,828$9,626
5 years$9,077$8,643$8,232$7,842$7,471$7,276
6 years$7,488$7,058$6,653$6,271$5,912$5,723
7 years$6,354$5,927$5,528$5,156$4,808$4,626
8 years$5,503$5,081$4,688$4,325$3,989$3,814
9 years$4,842$4,424$4,038$3,684$3,359$3,192
10 years$4,314$3,899$3,521$3,176$2,862$2,702
11 years$3,882$3,471$3,099$2,764$2,461$2,308
12 years$3,522$3,116$2,751$2,424$2,133$1,987
13 years$3,218$2,816$2,458$2,140$1,860$1,721
14 years$2,957$2,559$2,208$1,900$1,630$1,498
15 years$2,731$2,338$1,994$1,694$1,436$1,309
16 years$2,534$2,145$1,808$1,517$1,269$1,148
17 years$2,360$1,976$1,645$1,363$1,125$1,011
18 years$2,206$1,825$1,501$1,228$1,000$892
19 years$2,068$1,692$1,375$1,110$892$789
20 years$1,944$1,572$1,261$1,005$796$699
21 years$1,832$1,464$1,160$912$713$621
22 years$1,730$1,367$1,069$830$639$552
23 years$1,638$1,278$987$755$573$491
24 years$1,553$1,198$913$689$515$438
25 years$1,475$1,124$846$629$464$391
26 years$1,403$1,056$784$575$418$349
27 years$1,336$994$728$527$377$312
28 years$1,275$937$677$483$340$279
29 years$1,218$884$630$442$307$250
30 years$1,164$835$587$406$277$224
31 years$1,115$789$547$373$251$201
32 years$1,068$747$511$343$227$180
33 years$1,024$707$477$315$205$161
34 years$983$670$445$290$186$145
35 years$945$636$416$267$168$130
36 years$908$603$390$246$152$117
37 years$874$573$365$227$138$105
38 years$842$545$341$209$125$94
39 years$811$518$320$193$114$84
40 years$782$493$300$178$103$76
41 years$754$469$281$164$93$68
42 years$728$447$264$151$85$61
43 years$703$426$247$140$77$55
44 years$680$406$232$129$70$50
45 years$657$387$218$119$63$45
46 years$635$369$205$110$58$40
47 years$615$352$192$102$52$36
48 years$595$336$181$94$48$32
49 years$576$321$170$87$43$29
50 years$558$307$160$80$39$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $572,000, adding $2,085 every year, while hoping to spend $39,887 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: 65/16/19 Blend
57$572,000$572,000$572,000$572,000
58$632,495$602,179$593,313$670,458
59$654,570$589,246$570,749$683,259
60$677,559$574,343$546,093$692,491
61$701,515$557,330$519,232$701,632
62$726,492$538,062$490,048$710,673
63$752,550$516,382$458,420$719,606
64$779,751$492,126$424,219$728,426
65$808,167$465,121$387,311$737,125
66$837,870$435,183$347,556$745,700
67$868,942$402,116$304,809$754,147
68$901,470$365,716$258,916$762,464
69$935,549$325,765$209,719$770,651
70$971,281$282,033$157,050$778,710
71$1,008,777$234,278$100,737$786,647
72$1,048,159$182,244$40,598$794,469
73$1,089,556$125,659$0$802,188
74$1,133,112$64,238$0$814,600
75$1,178,983$0$0$836,039
76$1,227,336$0$0$858,742
77$1,278,356$0$0$894,645
78$1,332,244$0$0$932,582
79$1,389,219$0$0$972,710
80$1,449,520$0$0$1,015,198
81$1,513,407$0$0$1,060,233
82$1,581,166$0$0$1,108,018
83$1,653,107$0$0$1,158,776
84$1,729,573$0$0$1,212,750
85$1,810,936$0$0$1,270,207
86$1,897,603$0$0$1,331,437
87$1,990,022$0$0$1,396,760
88$2,088,682$0$0$1,466,527
89$2,194,119$0$0$1,541,119
90$2,306,921$0$0$1,620,957
91$2,427,732$0$0$1,706,502
92$2,557,260$0$0$1,798,260
93$2,696,279$0$0$1,896,784
94$2,845,640$0$0$2,002,683
95$3,006,278$0$0$2,116,625
96$3,179,219$0$0$2,239,344
97$3,365,588$0$0$2,371,645
98$3,566,622$0$0$2,514,413
99$3,783,680$0$0$2,668,621
100$4,018,257$0$0$2,835,337