Can I retire at age 57 with 580,000?

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 $580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$47,896$47,469$47,053$46,647$46,250$45,428
2 years$23,711$23,269$22,841$22,426$22,024$21,198
3 years$15,650$15,207$14,780$14,369$13,973$13,170
4 years$11,621$11,179$10,756$10,352$9,966$9,191
5 years$9,204$8,764$8,347$7,951$7,576$6,832
6 years$7,593$7,157$6,746$6,359$5,994$5,282
7 years$6,443$6,010$5,606$5,228$4,875$4,195
8 years$5,580$5,152$4,754$4,385$4,044$3,395
9 years$4,910$4,486$4,095$3,735$3,406$2,788
10 years$4,374$3,954$3,570$3,220$2,902$2,315
11 years$3,936$3,520$3,143$2,802$2,496$1,939
12 years$3,571$3,159$2,789$2,458$2,163$1,635
13 years$3,263$2,855$2,492$2,170$1,886$1,387
14 years$2,998$2,595$2,239$1,926$1,653$1,182
15 years$2,770$2,371$2,022$1,718$1,456$1,011
16 years$2,570$2,175$1,833$1,538$1,287$868
17 years$2,393$2,003$1,668$1,382$1,141$747
18 years$2,237$1,851$1,522$1,246$1,014$644
19 years$2,097$1,715$1,394$1,125$904$557
20 years$1,971$1,594$1,279$1,019$808$482
21 years$1,858$1,485$1,177$925$723$418
22 years$1,754$1,386$1,084$841$648$362
23 years$1,660$1,296$1,001$766$581$315
24 years$1,574$1,215$926$699$523$274
25 years$1,495$1,140$858$638$470$238
26 years$1,422$1,071$795$583$424$208
27 years$1,355$1,008$739$534$382$181
28 years$1,293$950$687$489$345$158
29 years$1,235$896$639$449$311$138
30 years$1,181$846$595$412$281$120
31 years$1,130$800$555$378$254$105
32 years$1,083$757$518$348$230$91
33 years$1,039$717$483$320$208$80
34 years$997$680$452$294$188$70
35 years$958$645$422$271$171$61
36 years$921$612$395$249$155$53
37 years$886$581$370$230$140$47
38 years$854$552$346$212$127$41
39 years$822$525$324$195$115$36
40 years$793$500$304$180$104$31
41 years$765$476$285$166$95$27
42 years$738$453$267$153$86$24
43 years$713$431$251$142$78$21
44 years$689$411$236$131$71$18
45 years$666$392$221$121$64$16
46 years$644$374$208$111$58$14
47 years$624$357$195$103$53$12
48 years$604$341$183$95$48$11
49 years$585$326$172$88$44$9
50 years$566$311$162$81$40$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $580,000, adding $2,702 every year, while hoping to spend $22,576 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: 60/24/16 Blend
56$580,000$580,000$580,000$580,000
57$641,947$611,207$602,217$677,697
58$683,405$617,136$598,371$708,065
59$728,335$622,598$593,639$738,425
60$777,067$627,547$587,968$771,016
61$829,965$631,934$581,302$806,058
62$887,428$635,706$573,582$843,790
63$949,896$638,805$564,747$884,481
64$1,017,852$641,173$554,733$928,422
65$1,091,828$642,746$543,471$975,940
66$1,172,410$643,455$530,893$1,027,393
67$1,260,241$643,230$516,923$1,083,176
68$1,356,030$641,993$501,485$1,143,726
69$1,460,559$639,664$484,498$1,209,526
70$1,574,684$636,157$465,877$1,281,107
71$1,699,353$631,379$445,535$1,359,058
72$1,835,606$625,236$423,379$1,444,026
73$1,984,589$617,623$399,313$1,536,729
74$2,147,562$608,432$373,236$1,637,956
75$2,325,917$597,548$345,043$1,748,579
76$2,521,181$584,849$314,623$1,869,561
77$2,735,040$570,206$281,861$2,001,964
78$2,969,349$553,481$246,638$2,146,960
79$3,226,151$534,529$208,828$2,305,844
80$3,507,695$513,197$168,301$2,480,042
81$3,816,459$489,323$124,918$2,671,130
82$4,155,173$462,736$78,538$2,880,846
83$4,526,843$433,252$29,012$3,111,107
84$4,934,781$400,681$0$3,364,028
85$5,382,633$364,819$0$3,646,014
86$5,874,419$325,452$0$3,961,119
87$6,414,563$282,353$0$4,307,255
88$7,007,942$235,282$0$4,687,585
89$7,659,928$183,986$0$5,105,596
90$8,376,436$128,198$0$5,565,134
91$9,163,988$67,634$0$6,070,438
92$10,029,764$1,997$0$6,626,181
93$10,981,677$0$0$7,237,516
94$12,028,445$0$0$7,928,352
95$13,179,672$0$0$8,688,761
96$14,445,941$0$0$9,525,210
97$15,838,910$0$0$10,445,408
98$17,371,426$0$0$11,457,848
99$19,057,642$0$0$12,571,888
100$20,913,154$0$0$13,797,839