Can I retire at age 58 with 575,000?

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 $575,000?

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$47,483$47,060$46,647$46,245$45,851$44,907
2 years$23,506$23,069$22,644$22,233$21,834$20,887
3 years$15,515$15,076$14,652$14,245$13,852$12,932
4 years$11,520$11,082$10,663$10,263$9,880$8,993
5 years$9,124$8,689$8,275$7,883$7,510$6,660
6 years$7,527$7,095$6,687$6,304$5,943$5,130
7 years$6,387$5,958$5,557$5,183$4,833$4,058
8 years$5,532$5,107$4,713$4,348$4,009$3,271
9 years$4,868$4,447$4,059$3,703$3,377$2,675
10 years$4,336$3,920$3,539$3,192$2,877$2,212
11 years$3,902$3,489$3,116$2,778$2,474$1,844
12 years$3,540$3,132$2,765$2,437$2,144$1,548
13 years$3,234$2,830$2,470$2,151$1,870$1,307
14 years$2,973$2,573$2,220$1,910$1,639$1,109
15 years$2,746$2,350$2,004$1,703$1,443$944
16 years$2,547$2,156$1,817$1,525$1,275$806
17 years$2,373$1,986$1,653$1,370$1,131$690
18 years$2,218$1,835$1,509$1,235$1,006$592
19 years$2,079$1,701$1,382$1,116$896$509
20 years$1,954$1,580$1,268$1,011$801$438
21 years$1,842$1,472$1,166$917$716$378
22 years$1,739$1,374$1,075$834$642$326
23 years$1,646$1,285$993$759$576$282
24 years$1,561$1,204$918$693$518$244
25 years$1,482$1,130$850$633$466$211
26 years$1,410$1,062$789$578$420$183
27 years$1,343$999$732$529$379$158
28 years$1,282$942$681$485$342$137
29 years$1,224$888$633$445$308$119
30 years$1,170$839$590$408$279$103
31 years$1,120$793$550$375$252$90
32 years$1,074$751$513$345$228$78
33 years$1,030$711$479$317$206$68
34 years$989$674$448$292$187$59
35 years$950$639$419$268$169$51
36 years$913$606$392$247$153$44
37 years$879$576$367$228$139$38
38 years$846$547$343$210$126$33
39 years$815$521$322$194$114$29
40 years$786$495$301$179$104$25
41 years$758$471$283$165$94$22
42 years$732$449$265$152$85$19
43 years$707$428$249$140$77$17
44 years$683$408$234$130$70$14
45 years$660$389$219$120$64$13
46 years$639$371$206$111$58$11
47 years$618$354$193$102$53$9
48 years$598$338$182$94$48$8
49 years$579$323$171$87$43$7
50 years$561$308$161$81$39$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $575,000, adding $3,660 every year, while hoping to spend $24,566 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: 59/28/13 Blend
57$575,000$575,000$575,000$575,000
58$637,425$606,950$598,038$672,769
59$676,305$610,553$591,934$700,626
60$718,326$613,509$584,802$727,922
61$763,785$615,760$576,583$757,102
62$813,004$617,245$567,211$788,349
63$866,340$617,900$556,623$821,867
64$924,185$617,655$544,747$857,882
65$986,968$616,436$531,512$896,641
66$1,055,163$614,166$516,842$938,420
67$1,129,291$610,761$500,658$983,522
68$1,209,925$606,135$482,876$1,032,283
69$1,297,695$600,193$463,410$1,085,074
70$1,393,294$592,837$442,170$1,142,305
71$1,497,487$583,963$419,059$1,204,428
72$1,611,113$573,460$393,980$1,271,945
73$1,735,097$561,210$366,828$1,345,407
74$1,870,456$547,088$337,496$1,425,425
75$2,018,311$530,963$305,870$1,512,675
76$2,179,894$512,696$271,833$1,607,900
77$2,356,564$492,139$235,260$1,711,925
78$2,549,816$469,136$196,023$1,825,657
79$2,761,294$443,521$153,987$1,950,102
80$2,992,813$415,120$109,013$2,086,366
81$3,246,367$383,748$60,952$2,235,674
82$3,524,155$349,211$9,652$2,399,376
83$3,828,597$311,300$0$2,578,966
84$4,162,359$269,799$0$2,782,344
85$4,528,377$224,476$0$3,006,909
86$4,929,885$175,089$0$3,253,352
87$5,370,444$121,379$0$3,523,912
88$5,853,978$63,076$0$3,821,062
89$6,384,809$0$0$4,147,525
90$6,967,697$0$0$4,506,343
91$7,607,886$0$0$4,921,827
92$8,311,153$0$0$5,378,300
93$9,083,862$0$0$5,879,899
94$9,933,024$0$0$6,431,180
95$10,866,363$0$0$7,037,166
96$11,892,387$0$0$7,703,386
97$13,020,472$0$0$8,435,937
98$14,260,946$0$0$9,241,533
99$15,625,189$0$0$10,127,571
100$17,125,738$0$0$11,102,202