Can I retire at age 58 with 576,000?

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 $576,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$47,566$47,142$46,728$46,325$45,931$45,414
2 years$23,547$23,109$22,684$22,272$21,872$21,351
3 years$15,542$15,102$14,678$14,270$13,876$13,368
4 years$11,541$11,101$10,682$10,280$9,897$9,405
5 years$9,140$8,704$8,289$7,896$7,523$7,050
6 years$7,540$7,107$6,699$6,315$5,953$5,498
7 years$6,398$5,969$5,567$5,192$4,841$4,405
8 years$5,542$5,116$4,721$4,355$4,016$3,599
9 years$4,876$4,455$4,066$3,710$3,382$2,984
10 years$4,344$3,926$3,545$3,198$2,882$2,502
11 years$3,909$3,496$3,121$2,783$2,479$2,116
12 years$3,546$3,137$2,770$2,441$2,148$1,803
13 years$3,240$2,835$2,475$2,155$1,873$1,546
14 years$2,978$2,577$2,224$1,913$1,642$1,331
15 years$2,750$2,354$2,008$1,706$1,446$1,151
16 years$2,552$2,160$1,820$1,528$1,278$999
17 years$2,377$1,989$1,656$1,373$1,133$869
18 years$2,221$1,838$1,512$1,237$1,007$759
19 years$2,083$1,704$1,384$1,118$898$663
20 years$1,958$1,583$1,270$1,012$802$581
21 years$1,845$1,475$1,168$919$718$510
22 years$1,742$1,376$1,077$835$643$448
23 years$1,649$1,287$994$761$577$394
24 years$1,564$1,206$920$694$519$347
25 years$1,485$1,132$852$634$467$306
26 years$1,413$1,064$790$579$421$270
27 years$1,346$1,001$734$530$379$238
28 years$1,284$943$682$486$342$210
29 years$1,226$890$635$446$309$186
30 years$1,172$841$591$409$279$164
31 years$1,122$795$551$376$252$145
32 years$1,075$752$514$345$228$129
33 years$1,032$712$480$317$207$114
34 years$990$675$449$292$187$101
35 years$951$640$419$269$169$89
36 years$915$608$392$248$154$79
37 years$880$577$367$228$139$70
38 years$848$548$344$210$126$62
39 years$817$521$322$194$114$55
40 years$787$496$302$179$104$49
41 years$760$472$283$165$94$43
42 years$733$450$266$152$85$38
43 years$708$429$249$141$78$34
44 years$684$408$234$130$70$30
45 years$662$390$220$120$64$27
46 years$640$372$206$111$58$24
47 years$619$355$194$102$53$21
48 years$599$339$182$95$48$19
49 years$580$323$171$87$43$17
50 years$562$309$161$81$39$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $576,000, adding $4,880 every year, while hoping to spend $25,561 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: 53/32/15 Blend
57$576,000$576,000$576,000$576,000
58$639,786$609,258$600,330$670,879
59$677,847$611,915$593,244$695,312
60$718,934$613,845$585,064$718,753
61$763,328$614,986$575,727$743,684
62$811,339$615,272$565,165$770,252
63$863,307$614,632$553,309$798,621
64$919,606$612,990$540,087$828,975
65$980,646$610,267$525,420$861,513
66$1,046,881$606,379$509,231$896,461
67$1,118,808$601,237$491,435$934,065
68$1,196,973$594,744$471,944$974,599
69$1,281,978$586,800$450,669$1,018,367
70$1,374,486$577,300$427,512$1,065,705
71$1,475,224$566,128$402,375$1,116,986
72$1,584,995$553,166$375,152$1,172,620
73$1,704,680$538,287$345,736$1,233,065
74$1,835,251$521,357$314,011$1,298,823
75$1,977,776$502,232$279,860$1,370,454
76$2,133,431$480,764$243,157$1,448,575
77$2,303,512$456,792$203,773$1,533,868
78$2,489,443$430,148$161,573$1,627,090
79$2,692,796$400,654$116,415$1,729,074
80$2,915,297$368,122$68,151$1,840,745
81$3,158,850$332,353$16,627$1,963,123
82$3,425,551$293,137$0$2,097,337
83$3,717,707$250,250$0$2,250,773
84$4,037,859$203,459$0$2,421,909
85$4,388,807$152,514$0$2,609,634
86$4,773,632$97,155$0$2,815,658
87$5,195,731$37,103$0$3,041,872
88$5,658,842$0$0$3,290,361
89$6,167,085$0$0$3,573,265
90$6,724,996$0$0$3,898,215
91$7,337,573$0$0$4,255,064
92$8,010,322$0$0$4,647,029
93$8,749,307$0$0$5,077,649
94$9,561,210$0$0$5,550,826
95$10,453,390$0$0$6,070,858
96$11,433,956$0$0$6,642,479
97$12,511,841$0$0$7,270,906
98$13,696,887$0$0$7,961,886
99$14,999,935$0$0$8,721,749
100$16,432,932$0$0$9,557,474