Can I retire at age 58 with 573,000?

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 $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%12.1%
1 years$47,318$46,896$46,485$46,084$45,692$45,290
2 years$23,425$22,988$22,566$22,156$21,758$21,353
3 years$15,461$15,023$14,601$14,195$13,804$13,409
4 years$11,480$11,044$10,626$10,227$9,845$9,462
5 years$9,093$8,658$8,246$7,855$7,484$7,115
6 years$7,501$7,070$6,664$6,282$5,922$5,567
7 years$6,365$5,938$5,538$5,165$4,816$4,475
8 years$5,513$5,090$4,697$4,333$3,995$3,669
9 years$4,851$4,431$4,045$3,690$3,365$3,052
10 years$4,321$3,906$3,527$3,181$2,867$2,568
11 years$3,888$3,477$3,105$2,769$2,466$2,181
12 years$3,528$3,121$2,755$2,428$2,137$1,865
13 years$3,223$2,821$2,462$2,144$1,863$1,605
14 years$2,962$2,564$2,212$1,903$1,633$1,388
15 years$2,736$2,342$1,997$1,697$1,438$1,205
16 years$2,539$2,149$1,811$1,520$1,271$1,050
17 years$2,364$1,979$1,648$1,365$1,127$918
18 years$2,210$1,829$1,504$1,231$1,002$804
19 years$2,072$1,695$1,377$1,112$893$706
20 years$1,947$1,575$1,264$1,007$798$621
21 years$1,835$1,467$1,162$914$714$548
22 years$1,733$1,369$1,071$831$640$483
23 years$1,640$1,281$989$757$574$427
24 years$1,555$1,200$915$690$516$378
25 years$1,477$1,126$847$630$465$334
26 years$1,405$1,058$786$576$418$296
27 years$1,339$996$730$528$377$263
28 years$1,277$939$678$483$340$233
29 years$1,220$885$631$443$307$207
30 years$1,166$836$588$407$278$184
31 years$1,117$790$548$374$251$164
32 years$1,070$748$511$343$227$145
33 years$1,026$708$478$316$206$129
34 years$985$671$446$291$186$115
35 years$946$637$417$267$169$102
36 years$910$604$390$246$153$91
37 years$876$574$365$227$138$81
38 years$843$545$342$209$126$72
39 years$813$519$320$193$114$64
40 years$783$494$300$178$103$57
41 years$756$470$282$164$94$51
42 years$730$447$264$151$85$46
43 years$705$426$248$140$77$41
44 years$681$406$233$129$70$36
45 years$658$387$219$119$64$32
46 years$637$370$205$110$58$29
47 years$616$353$193$102$52$26
48 years$596$337$181$94$48$23
49 years$577$322$170$87$43$20
50 years$559$307$160$80$39$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $573,000, adding $6,460 every year, while hoping to spend $30,855 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: 35/49/16 Blend
57$573,000$573,000$573,000$573,000
58$638,109$607,740$598,859$657,097
59$670,367$604,690$586,091$668,430
60$704,881$600,457$571,862$677,280
61$741,849$594,949$556,089$686,168
62$781,487$588,070$538,687$695,115
63$824,033$579,720$519,568$704,145
64$869,748$569,790$498,637$713,289
65$918,918$558,166$475,797$722,581
66$971,858$544,727$450,947$732,063
67$1,028,913$529,344$423,979$741,787
68$1,090,463$511,882$394,783$751,809
69$1,156,923$492,197$363,241$762,198
70$1,228,752$470,138$329,233$773,032
71$1,306,453$445,543$292,631$784,402
72$1,390,579$418,243$253,302$796,411
73$1,481,739$388,057$211,108$809,179
74$1,580,600$354,796$165,904$822,842
75$1,687,899$318,258$117,539$837,556
76$1,804,443$278,232$65,855$853,497
77$1,931,123$234,492$10,688$870,866
78$2,068,917$186,801$0$889,890
79$2,218,902$134,910$0$919,053
80$2,382,262$78,553$0$952,900
81$2,560,302$17,451$0$989,964
82$2,754,455$0$0$1,030,646
83$2,966,302$0$0$1,101,650
84$3,197,581$0$0$1,189,517
85$3,450,204$0$0$1,285,574
86$3,726,279$0$0$1,390,633
87$4,028,124$0$0$1,505,587
88$4,358,293$0$0$1,631,420
89$4,719,597$0$0$1,769,213
90$5,115,132$0$0$1,920,160
91$5,548,307$0$0$2,085,574
92$6,022,876$0$0$2,266,902
93$6,542,973$0$0$2,465,735
94$7,113,151$0$0$2,683,830
95$7,738,426$0$0$2,923,117
96$8,424,320$0$0$3,185,726
97$9,176,918$0$0$3,474,002
98$10,002,920$0$0$3,790,527
99$10,909,708$0$0$4,138,145
100$11,905,413$0$0$4,519,992