Can I retire at age 57 with 655,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $655,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$54,089$53,607$53,137$52,679$52,231$50,218
2 years$26,777$26,278$25,795$25,326$24,872$22,868
3 years$17,674$17,173$16,691$16,227$15,780$13,848
4 years$13,123$12,624$12,147$11,690$11,254$9,409
5 years$10,394$9,897$9,426$8,979$8,555$6,802
6 years$8,575$8,082$7,618$7,181$6,769$5,108
7 years$7,276$6,787$6,331$5,904$5,505$3,936
8 years$6,302$5,818$5,369$4,953$4,567$3,089
9 years$5,545$5,066$4,624$4,218$3,846$2,456
10 years$4,940$4,465$4,031$3,636$3,277$1,973
11 years$4,445$3,975$3,549$3,165$2,819$1,597
12 years$4,033$3,568$3,150$2,776$2,442$1,301
13 years$3,684$3,224$2,814$2,451$2,130$1,065
14 years$3,386$2,931$2,529$2,175$1,867$875
15 years$3,128$2,677$2,283$1,940$1,644$721
16 years$2,902$2,456$2,070$1,737$1,453$596
17 years$2,703$2,262$1,883$1,561$1,288$493
18 years$2,526$2,090$1,719$1,407$1,145$409
19 years$2,368$1,937$1,574$1,271$1,021$340
20 years$2,226$1,800$1,445$1,151$912$282
21 years$2,098$1,677$1,329$1,045$816$235
22 years$1,981$1,565$1,225$950$731$196
23 years$1,875$1,464$1,131$865$657$163
24 years$1,778$1,372$1,046$789$590$136
25 years$1,689$1,287$969$721$531$113
26 years$1,606$1,210$898$659$478$95
27 years$1,530$1,139$834$603$431$79
28 years$1,460$1,073$775$553$389$66
29 years$1,394$1,012$722$507$351$55
30 years$1,333$956$672$465$318$46
31 years$1,276$904$627$427$287$38
32 years$1,223$855$585$392$260$32
33 years$1,173$810$546$361$235$27
34 years$1,126$767$510$332$213$22
35 years$1,082$728$477$306$193$19
36 years$1,040$691$446$282$175$16
37 years$1,001$656$418$259$158$13
38 years$964$624$391$239$143$11
39 years$929$593$366$220$130$9
40 years$895$564$343$203$118$8
41 years$864$537$322$188$107$6
42 years$834$511$302$173$97$5
43 years$805$487$283$160$88$4
44 years$778$464$266$148$80$4
45 years$752$443$250$136$73$3
46 years$728$423$235$126$66$3
47 years$704$403$220$116$60$2
48 years$682$385$207$107$54$2
49 years$660$368$195$99$49$2
50 years$640$351$183$92$45$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $655,000, adding $4,255 every year, while hoping to spend $25,016 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: 29/41/30 Blend
56$655,000$655,000$655,000$655,000
57$726,199$691,484$681,332$740,464
58$773,655$698,750$677,539$759,430
59$825,112$705,533$672,782$777,368
60$880,953$711,784$667,000$796,161
61$941,598$717,450$660,132$815,902
62$1,007,509$722,472$652,114$836,695
63$1,079,193$726,792$642,878$858,655
64$1,157,211$730,344$632,354$881,911
65$1,242,176$733,061$620,468$906,607
66$1,334,765$734,868$607,141$932,905
67$1,435,724$735,690$592,293$960,984
68$1,545,873$735,444$575,840$991,044
69$1,666,114$734,042$557,692$1,023,309
70$1,797,440$731,392$537,757$1,058,028
71$1,940,944$727,396$515,938$1,095,478
72$2,097,832$721,950$492,133$1,135,968
73$2,269,427$714,942$466,236$1,179,840
74$2,457,190$706,256$438,136$1,227,477
75$2,662,728$695,767$407,718$1,279,303
76$2,887,810$683,343$374,861$1,335,789
77$3,134,386$668,846$339,438$1,397,459
78$3,404,601$652,127$301,316$1,464,894
79$3,700,818$633,029$260,358$1,538,740
80$4,025,642$611,388$216,421$1,619,712
81$4,381,939$587,027$169,352$1,708,606
82$4,772,867$559,762$118,996$1,806,301
83$5,201,904$529,395$65,188$1,913,775
84$5,672,884$495,721$7,756$2,032,110
85$6,190,025$458,518$0$2,162,504
86$6,757,977$417,555$0$2,323,422
87$7,381,863$372,588$0$2,502,963
88$8,067,324$323,355$0$2,700,333
89$8,820,576$269,585$0$2,917,399
90$9,648,467$210,987$0$3,156,225
91$10,558,541$147,255$0$3,419,090
92$11,559,109$78,068$0$3,708,510
93$12,659,328$3,083$0$4,027,266
94$13,869,288$0$0$4,378,425
95$15,200,102$0$0$4,800,593
96$16,664,018$0$0$5,266,635
97$18,274,529$0$0$5,779,468
98$20,046,502$0$0$6,343,843
99$21,996,317$0$0$6,964,992
100$24,142,023$0$0$7,648,682