Can I retire at age 58 with 576,000?

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 $576,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$47,566$47,142$46,728$46,325$45,931$44,284
2 years$23,547$23,109$22,684$22,272$21,872$20,230
3 years$15,542$15,102$14,678$14,270$13,876$12,292
4 years$11,541$11,101$10,682$10,280$9,897$8,381
5 years$9,140$8,704$8,289$7,896$7,523$6,081
6 years$7,540$7,107$6,699$6,315$5,953$4,585
7 years$6,398$5,969$5,567$5,192$4,841$3,547
8 years$5,542$5,116$4,721$4,355$4,016$2,795
9 years$4,876$4,455$4,066$3,710$3,382$2,232
10 years$4,344$3,926$3,545$3,198$2,882$1,801
11 years$3,909$3,496$3,121$2,783$2,479$1,465
12 years$3,546$3,137$2,770$2,441$2,148$1,199
13 years$3,240$2,835$2,475$2,155$1,873$986
14 years$2,978$2,577$2,224$1,913$1,642$814
15 years$2,750$2,354$2,008$1,706$1,446$674
16 years$2,552$2,160$1,820$1,528$1,278$560
17 years$2,377$1,989$1,656$1,373$1,133$466
18 years$2,221$1,838$1,512$1,237$1,007$388
19 years$2,083$1,704$1,384$1,118$898$324
20 years$1,958$1,583$1,270$1,012$802$271
21 years$1,845$1,475$1,168$919$718$227
22 years$1,742$1,376$1,077$835$643$190
23 years$1,649$1,287$994$761$577$159
24 years$1,564$1,206$920$694$519$133
25 years$1,485$1,132$852$634$467$112
26 years$1,413$1,064$790$579$421$94
27 years$1,346$1,001$734$530$379$79
28 years$1,284$943$682$486$342$66
29 years$1,226$890$635$446$309$56
30 years$1,172$841$591$409$279$47
31 years$1,122$795$551$376$252$39
32 years$1,075$752$514$345$228$33
33 years$1,032$712$480$317$207$28
34 years$990$675$449$292$187$23
35 years$951$640$419$269$169$20
36 years$915$608$392$248$154$16
37 years$880$577$367$228$139$14
38 years$848$548$344$210$126$12
39 years$817$521$322$194$114$10
40 years$787$496$302$179$104$8
41 years$760$472$283$165$94$7
42 years$733$450$266$152$85$6
43 years$708$429$249$141$78$5
44 years$684$408$234$130$70$4
45 years$662$390$220$120$64$3
46 years$640$372$206$111$58$3
47 years$619$355$194$102$53$2
48 years$599$339$182$95$48$2
49 years$580$323$171$87$43$2
50 years$562$309$161$81$39$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 58 starting with $576,000, adding $4,886 every year, while hoping to spend $42,187 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: 67/27/6 Blend
57$576,000$576,000$576,000$576,000
58$639,792$609,264$600,336$681,751
59$660,164$594,231$575,561$695,172
60$681,200$577,048$548,541$704,279
61$702,924$557,564$519,158$713,100
62$725,358$535,621$487,287$721,599
63$748,530$511,052$452,796$729,740
64$772,464$483,677$415,548$737,482
65$797,188$453,310$375,402$744,785
66$822,731$419,753$332,208$751,603
67$849,123$382,793$285,810$757,891
68$876,394$342,211$236,046$763,598
69$904,578$297,772$182,745$768,672
70$933,709$249,226$125,731$773,057
71$963,822$196,313$64,818$776,693
72$994,956$138,756$0$779,519
73$1,027,149$76,263$0$781,479
74$1,060,443$8,524$0$786,923
75$1,094,881$0$0$791,636
76$1,130,510$0$0$814,802
77$1,167,377$0$0$841,395
78$1,205,534$0$0$868,922
79$1,245,034$0$0$897,419
80$1,285,934$0$0$926,929
81$1,328,294$0$0$957,495
82$1,372,177$0$0$989,164
83$1,417,650$0$0$1,021,984
84$1,464,786$0$0$1,056,007
85$1,513,659$0$0$1,091,289
86$1,564,350$0$0$1,127,888
87$1,616,946$0$0$1,165,866
88$1,671,536$0$0$1,205,291
89$1,728,219$0$0$1,246,233
90$1,787,099$0$0$1,288,768
91$1,848,286$0$0$1,332,977
92$1,911,900$0$0$1,378,948
93$1,978,068$0$0$1,426,773
94$2,046,926$0$0$1,476,551
95$2,118,621$0$0$1,528,392
96$2,193,311$0$0$1,582,408
97$2,271,165$0$0$1,638,725
98$2,352,365$0$0$1,697,476
99$2,437,108$0$0$1,758,805
100$2,525,606$0$0$1,822,868