Can I retire at age 58 with 568,000?

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 $568,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$46,905$46,487$46,079$45,682$45,293$43,984
2 years$23,220$22,788$22,369$21,962$21,568$20,260
3 years$15,326$14,892$14,474$14,071$13,684$12,417
4 years$11,380$10,947$10,533$10,138$9,759$8,544
5 years$9,013$8,583$8,174$7,787$7,419$6,258
6 years$7,436$7,008$6,606$6,227$5,870$4,765
7 years$6,309$5,886$5,490$5,120$4,774$3,725
8 years$5,465$5,045$4,656$4,295$3,961$2,966
9 years$4,808$4,393$4,010$3,658$3,335$2,395
10 years$4,284$3,872$3,496$3,153$2,842$1,955
11 years$3,855$3,447$3,078$2,744$2,444$1,608
12 years$3,497$3,094$2,731$2,407$2,118$1,332
13 years$3,195$2,796$2,440$2,125$1,847$1,109
14 years$2,936$2,541$2,193$1,887$1,619$927
15 years$2,712$2,322$1,980$1,682$1,426$777
16 years$2,516$2,130$1,795$1,506$1,260$654
17 years$2,344$1,962$1,633$1,354$1,117$552
18 years$2,191$1,813$1,491$1,220$993$466
19 years$2,054$1,680$1,365$1,102$885$394
20 years$1,930$1,561$1,253$998$791$334
21 years$1,819$1,454$1,152$906$708$284
22 years$1,718$1,357$1,062$824$634$241
23 years$1,626$1,270$981$750$569$205
24 years$1,542$1,189$907$684$512$174
25 years$1,464$1,116$840$625$461$148
26 years$1,393$1,049$779$571$415$126
27 years$1,327$987$723$523$374$108
28 years$1,266$930$672$479$337$92
29 years$1,209$878$626$439$305$78
30 years$1,156$829$583$403$275$67
31 years$1,107$784$543$370$249$57
32 years$1,061$741$507$340$225$48
33 years$1,017$702$473$313$204$41
34 years$976$665$442$288$185$35
35 years$938$631$414$265$167$30
36 years$902$599$387$244$151$26
37 years$868$569$362$225$137$22
38 years$836$541$339$207$124$19
39 years$805$514$318$191$113$16
40 years$777$489$298$176$102$14
41 years$749$466$279$163$93$12
42 years$723$443$262$150$84$10
43 years$698$423$246$139$76$8
44 years$675$403$231$128$69$7
45 years$652$384$217$118$63$6
46 years$631$366$203$109$57$5
47 years$611$350$191$101$52$5
48 years$591$334$180$93$47$4
49 years$572$319$169$86$43$3
50 years$555$304$159$80$39$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $568,000, adding $4,105 every year, while hoping to spend $43,626 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: 29/45/26 Blend
57$568,000$568,000$568,000$568,000
58$630,170$600,066$591,262$643,274
59$648,030$583,052$564,652$636,855
60$666,249$563,741$535,688$625,868
61$684,818$541,977$504,245$613,170
62$703,726$517,590$470,194$598,645
63$722,958$490,403$433,397$582,166
64$742,495$460,229$393,712$563,603
65$762,319$426,869$350,990$542,813
66$782,403$390,113$305,075$519,650
67$802,719$349,739$255,806$493,955
68$823,233$305,514$203,013$465,561
69$843,907$257,188$146,518$434,291
70$864,695$204,500$86,136$399,959
71$885,548$147,174$21,675$362,365
72$906,406$84,918$0$321,299
73$927,203$17,423$0$289,609
74$947,865$0$0$261,254
75$968,305$0$0$257,575
76$988,429$0$0$262,372
77$1,008,129$0$0$266,982
78$1,027,282$0$0$271,364
79$1,045,754$0$0$275,474
80$1,063,390$0$0$279,260
81$1,080,021$0$0$282,667
82$1,095,456$0$0$285,631
83$1,109,481$0$0$288,083
84$1,121,859$0$0$289,944
85$1,132,324$0$0$291,129
86$1,140,582$0$0$291,540
87$1,146,304$0$0$291,070
88$1,149,126$0$0$289,601
89$1,148,641$0$0$287,000
90$1,144,399$0$0$283,122
91$1,135,900$0$0$277,804
92$1,122,590$0$0$270,866
93$1,103,853$0$0$262,110
94$1,079,008$0$0$251,314
95$1,047,300$0$0$238,235
96$1,007,891$0$0$222,602
97$959,857$0$0$204,117
98$902,171$0$0$182,449
99$833,701$0$0$157,232
100$753,191$0$0$128,063