Can I retire at age 58 with 571,000?

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 $571,000?

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%
1 years$47,153$46,733$46,323$45,923$45,532$44,577
2 years$23,343$22,908$22,487$22,078$21,682$20,724
3 years$15,407$14,971$14,550$14,146$13,756$12,825
4 years$11,440$11,005$10,589$10,191$9,811$8,914
5 years$9,061$8,628$8,218$7,828$7,458$6,598
6 years$7,475$7,046$6,641$6,260$5,901$5,079
7 years$6,343$5,917$5,519$5,147$4,799$4,016
8 years$5,494$5,072$4,680$4,317$3,982$3,236
9 years$4,834$4,416$4,031$3,677$3,353$2,644
10 years$4,306$3,892$3,514$3,170$2,857$2,185
11 years$3,875$3,465$3,094$2,759$2,457$1,821
12 years$3,516$3,110$2,746$2,420$2,129$1,528
13 years$3,212$2,811$2,453$2,136$1,857$1,289
14 years$2,952$2,555$2,204$1,896$1,628$1,092
15 years$2,727$2,334$1,990$1,691$1,433$929
16 years$2,530$2,141$1,804$1,514$1,267$793
17 years$2,356$1,972$1,642$1,361$1,123$678
18 years$2,202$1,822$1,499$1,226$999$582
19 years$2,064$1,689$1,372$1,108$890$500
20 years$1,941$1,569$1,259$1,004$795$430
21 years$1,829$1,462$1,158$911$711$370
22 years$1,727$1,365$1,068$828$638$320
23 years$1,635$1,276$986$754$572$276
24 years$1,550$1,196$912$688$515$238
25 years$1,472$1,122$844$628$463$206
26 years$1,400$1,055$783$574$417$178
27 years$1,334$993$727$526$376$154
28 years$1,273$935$676$482$339$134
29 years$1,216$882$629$442$306$116
30 years$1,162$833$586$405$277$101
31 years$1,113$788$546$372$250$87
32 years$1,066$745$510$342$226$76
33 years$1,023$706$476$315$205$66
34 years$982$669$445$290$185$57
35 years$943$635$416$267$168$49
36 years$907$602$389$245$152$43
37 years$873$572$364$226$138$37
38 years$840$544$341$208$125$32
39 years$810$517$319$192$113$28
40 years$781$492$299$177$103$24
41 years$753$468$281$164$93$21
42 years$727$446$263$151$85$18
43 years$702$425$247$139$77$16
44 years$678$405$232$129$70$14
45 years$656$386$218$119$63$12
46 years$634$368$205$110$58$10
47 years$614$352$192$101$52$9
48 years$594$336$181$94$47$8
49 years$575$320$170$87$43$7
50 years$557$306$160$80$39$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $571,000, adding $4,248 every year, while hoping to spend $49,095 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: 78/11/11 Blend
57$571,000$571,000$571,000$571,000
58$633,624$603,361$594,510$681,458
59$646,017$580,689$562,190$690,838
60$658,028$555,260$527,141$694,390
61$669,568$526,889$489,221$696,875
62$680,533$495,376$448,279$698,165
63$690,812$460,513$404,161$698,121
64$700,276$422,080$356,701$696,591
65$708,783$379,841$305,730$693,406
66$716,177$333,551$251,070$688,381
67$722,280$282,948$192,534$681,315
68$726,897$227,757$129,928$671,984
69$729,810$167,686$63,050$660,146
70$730,776$102,429$0$645,532
71$729,526$31,658$0$628,826
72$725,761$0$0$616,688
73$719,150$0$0$606,828
74$709,324$0$0$598,025
75$695,876$0$0$586,098
76$678,354$0$0$570,656
77$656,256$0$0$551,271
78$629,029$0$0$527,463
79$596,058$0$0$498,706
80$556,665$0$0$464,416
81$510,097$0$0$423,945
82$455,524$0$0$376,579
83$392,027$0$0$321,528
84$318,590$0$0$257,918
85$234,089$0$0$184,782
86$137,283$0$0$101,054
87$26,802$0$0$5,555
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0