Can I retire at age 58 with 573,000?

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 $573,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$47,318$46,896$46,485$46,084$45,692$43,879
2 years$23,425$22,988$22,566$22,156$21,758$19,954
3 years$15,461$15,023$14,601$14,195$13,804$12,066
4 years$11,480$11,044$10,626$10,227$9,845$8,186
5 years$9,093$8,658$8,246$7,855$7,484$5,908
6 years$7,501$7,070$6,664$6,282$5,922$4,430
7 years$6,365$5,938$5,538$5,165$4,816$3,408
8 years$5,513$5,090$4,697$4,333$3,995$2,669
9 years$4,851$4,431$4,045$3,690$3,365$2,119
10 years$4,321$3,906$3,527$3,181$2,867$1,699
11 years$3,888$3,477$3,105$2,769$2,466$1,372
12 years$3,528$3,121$2,755$2,428$2,137$1,116
13 years$3,223$2,821$2,462$2,144$1,863$911
14 years$2,962$2,564$2,212$1,903$1,633$747
15 years$2,736$2,342$1,997$1,697$1,438$614
16 years$2,539$2,149$1,811$1,520$1,271$506
17 years$2,364$1,979$1,648$1,365$1,127$418
18 years$2,210$1,829$1,504$1,231$1,002$346
19 years$2,072$1,695$1,377$1,112$893$287
20 years$1,947$1,575$1,264$1,007$798$238
21 years$1,835$1,467$1,162$914$714$198
22 years$1,733$1,369$1,071$831$640$164
23 years$1,640$1,281$989$757$574$136
24 years$1,555$1,200$915$690$516$114
25 years$1,477$1,126$847$630$465$94
26 years$1,405$1,058$786$576$418$79
27 years$1,339$996$730$528$377$65
28 years$1,277$939$678$483$340$55
29 years$1,220$885$631$443$307$45
30 years$1,166$836$588$407$278$38
31 years$1,117$790$548$374$251$32
32 years$1,070$748$511$343$227$26
33 years$1,026$708$478$316$206$22
34 years$985$671$446$291$186$18
35 years$946$637$417$267$169$15
36 years$910$604$390$246$153$13
37 years$876$574$365$227$138$11
38 years$843$545$342$209$126$9
39 years$813$519$320$193$114$7
40 years$783$494$300$178$103$6
41 years$756$470$282$164$94$5
42 years$730$447$264$151$85$4
43 years$705$426$248$140$77$4
44 years$681$406$233$129$70$3
45 years$658$387$219$119$64$2
46 years$637$370$205$110$58$2
47 years$616$353$193$102$52$2
48 years$596$337$181$94$48$1
49 years$577$322$170$87$43$1
50 years$559$307$160$80$39$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $573,000, adding $2,595 every year, while hoping to spend $42,756 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: 77/12/11 Blend
57$573,000$573,000$573,000$573,000
58$634,123$603,754$594,872$681,471
59$653,311$587,846$569,308$697,089
60$673,024$569,725$541,455$708,494
61$693,269$549,238$511,191$719,784
62$714,055$526,223$478,388$730,929
63$735,388$500,507$442,913$741,900
64$757,274$471,909$404,628$752,662
65$779,720$440,237$363,387$763,180
66$802,729$405,286$319,038$773,415
67$826,305$366,842$271,423$783,324
68$850,448$324,678$220,376$792,862
69$875,160$278,554$165,725$801,979
70$900,439$228,215$107,289$810,621
71$926,280$173,394$44,880$818,730
72$952,679$113,808$0$826,243
73$979,625$49,157$0$835,642
74$1,007,107$0$0$850,090
75$1,035,111$0$0$867,016
76$1,063,617$0$0$890,848
77$1,092,604$0$0$915,076
78$1,122,042$0$0$939,677
79$1,151,900$0$0$964,622
80$1,182,139$0$0$989,877
81$1,212,714$0$0$1,015,405
82$1,243,573$0$0$1,041,160
83$1,274,654$0$0$1,067,091
84$1,305,890$0$0$1,093,138
85$1,337,199$0$0$1,119,235
86$1,368,493$0$0$1,145,303
87$1,399,668$0$0$1,171,255
88$1,430,608$0$0$1,196,991
89$1,461,182$0$0$1,222,401
90$1,491,240$0$0$1,247,356
91$1,520,617$0$0$1,271,715
92$1,549,124$0$0$1,295,319
93$1,576,550$0$0$1,317,988
94$1,602,661$0$0$1,339,521
95$1,627,192$0$0$1,359,694
96$1,649,849$0$0$1,378,256
97$1,670,303$0$0$1,394,928
98$1,688,185$0$0$1,409,397
99$1,703,089$0$0$1,421,316
100$1,714,558$0$0$1,430,297