Can I retire at age 57 with 578,000?

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 $578,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$47,731$47,306$46,891$46,486$46,091$45,141
2 years$23,629$23,189$22,762$22,349$21,948$20,996
3 years$15,596$15,154$14,729$14,319$13,925$13,000
4 years$11,581$11,140$10,719$10,316$9,931$9,040
5 years$9,172$8,734$8,318$7,924$7,550$6,695
6 years$7,567$7,132$6,722$6,337$5,974$5,157
7 years$6,420$5,989$5,586$5,210$4,858$4,079
8 years$5,561$5,134$4,738$4,370$4,030$3,289
9 years$4,893$4,470$4,081$3,723$3,394$2,689
10 years$4,359$3,940$3,558$3,209$2,892$2,223
11 years$3,922$3,508$3,132$2,793$2,487$1,854
12 years$3,559$3,148$2,780$2,450$2,155$1,557
13 years$3,251$2,845$2,483$2,163$1,880$1,314
14 years$2,988$2,586$2,231$1,920$1,648$1,114
15 years$2,760$2,362$2,015$1,712$1,451$949
16 years$2,561$2,168$1,826$1,533$1,282$810
17 years$2,385$1,996$1,662$1,377$1,137$694
18 years$2,229$1,845$1,517$1,241$1,011$595
19 years$2,090$1,710$1,389$1,122$901$512
20 years$1,964$1,589$1,275$1,016$805$441
21 years$1,851$1,480$1,172$922$720$380
22 years$1,748$1,381$1,081$838$646$328
23 years$1,655$1,292$998$763$579$283
24 years$1,569$1,210$923$696$521$245
25 years$1,490$1,136$855$636$469$212
26 years$1,418$1,068$793$581$422$184
27 years$1,350$1,005$736$532$381$159
28 years$1,288$947$684$488$343$138
29 years$1,230$893$637$447$310$120
30 years$1,177$843$593$410$280$104
31 years$1,126$797$553$377$253$90
32 years$1,079$754$516$346$229$78
33 years$1,035$714$482$319$207$68
34 years$994$677$450$293$188$59
35 years$955$642$421$270$170$51
36 years$918$610$394$248$154$45
37 years$883$579$368$229$140$39
38 years$851$550$345$211$127$34
39 years$820$523$323$195$115$29
40 years$790$498$303$179$104$25
41 years$762$474$284$166$94$22
42 years$736$451$266$153$86$19
43 years$711$430$250$141$78$17
44 years$687$410$235$130$71$14
45 years$664$391$220$120$64$13
46 years$642$373$207$111$58$11
47 years$621$356$194$103$53$10
48 years$601$340$183$95$48$8
49 years$583$324$172$88$44$7
50 years$564$310$162$81$40$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $578,000, adding $3,459 every year, while hoping to spend $28,633 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: 46/39/15 Blend
56$578,000$578,000$578,000$578,000
57$640,524$609,890$600,931$667,112
58$675,392$609,309$590,597$685,366
59$712,857$607,740$578,957$701,980
60$753,154$605,105$565,937$719,381
61$796,540$601,319$551,460$737,653
62$843,297$596,295$535,445$756,892
63$893,738$589,938$517,807$777,204
64$948,203$582,148$498,457$798,707
65$1,007,068$572,822$477,303$821,533
66$1,070,745$561,845$454,249$845,833
67$1,139,686$549,101$429,192$871,770
68$1,214,391$534,464$402,026$899,530
69$1,295,407$517,802$372,643$929,320
70$1,383,338$498,972$340,925$961,369
71$1,478,844$477,828$306,752$995,934
72$1,582,656$454,212$269,998$1,033,301
73$1,695,576$427,957$230,532$1,073,788
74$1,818,485$398,887$188,215$1,117,749
75$1,952,355$366,817$142,905$1,165,578
76$2,098,254$331,549$94,450$1,217,712
77$2,257,357$292,877$42,696$1,274,639
78$2,430,958$250,579$0$1,336,900
79$2,620,483$204,424$0$1,407,101
80$2,827,498$154,167$0$1,491,326
81$3,053,731$99,549$0$1,583,503
82$3,301,081$40,296$0$1,684,484
83$3,571,640$0$0$1,795,211
84$3,867,712$0$0$1,926,976
85$4,191,835$0$0$2,090,220
86$4,546,801$0$0$2,269,066
87$4,935,686$0$0$2,465,072
88$5,361,879$0$0$2,679,955
89$5,829,111$0$0$2,915,604
90$6,341,490$0$0$3,174,101
91$6,903,542$0$0$3,457,741
92$7,520,254$0$0$3,769,047
93$8,197,115$0$0$4,110,803
94$8,940,175$0$0$4,486,074
95$9,756,096$0$0$4,898,236
96$10,652,217$0$0$5,351,007
97$11,636,625$0$0$5,848,485
98$12,718,225$0$0$6,395,184
99$13,906,830$0$0$6,996,075
100$15,213,251$0$0$7,656,639