Can I retire at age 57 with 655,000?

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 $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%18.4%
1 years$54,089$53,607$53,137$52,679$52,231$50,458
2 years$26,777$26,278$25,795$25,326$24,872$23,103
3 years$17,674$17,173$16,691$16,227$15,780$14,071
4 years$13,123$12,624$12,147$11,690$11,254$9,619
5 years$10,394$9,897$9,426$8,979$8,555$6,997
6 years$8,575$8,082$7,618$7,181$6,769$5,290
7 years$7,276$6,787$6,331$5,904$5,505$4,105
8 years$6,302$5,818$5,369$4,953$4,567$3,244
9 years$5,545$5,066$4,624$4,218$3,846$2,599
10 years$4,940$4,465$4,031$3,636$3,277$2,103
11 years$4,445$3,975$3,549$3,165$2,819$1,716
12 years$4,033$3,568$3,150$2,776$2,442$1,409
13 years$3,684$3,224$2,814$2,451$2,130$1,163
14 years$3,386$2,931$2,529$2,175$1,867$963
15 years$3,128$2,677$2,283$1,940$1,644$801
16 years$2,902$2,456$2,070$1,737$1,453$667
17 years$2,703$2,262$1,883$1,561$1,288$557
18 years$2,526$2,090$1,719$1,407$1,145$466
19 years$2,368$1,937$1,574$1,271$1,021$391
20 years$2,226$1,800$1,445$1,151$912$328
21 years$2,098$1,677$1,329$1,045$816$275
22 years$1,981$1,565$1,225$950$731$232
23 years$1,875$1,464$1,131$865$657$195
24 years$1,778$1,372$1,046$789$590$164
25 years$1,689$1,287$969$721$531$138
26 years$1,606$1,210$898$659$478$116
27 years$1,530$1,139$834$603$431$98
28 years$1,460$1,073$775$553$389$83
29 years$1,394$1,012$722$507$351$70
30 years$1,333$956$672$465$318$59
31 years$1,276$904$627$427$287$50
32 years$1,223$855$585$392$260$42
33 years$1,173$810$546$361$235$35
34 years$1,126$767$510$332$213$30
35 years$1,082$728$477$306$193$25
36 years$1,040$691$446$282$175$21
37 years$1,001$656$418$259$158$18
38 years$964$624$391$239$143$15
39 years$929$593$366$220$130$13
40 years$895$564$343$203$118$11
41 years$864$537$322$188$107$9
42 years$834$511$302$173$97$8
43 years$805$487$283$160$88$7
44 years$778$464$266$148$80$6
45 years$752$443$250$136$73$5
46 years$728$423$235$126$66$4
47 years$704$403$220$116$60$3
48 years$682$385$207$107$54$3
49 years$660$368$195$99$49$2
50 years$640$351$183$92$45$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $655,000, adding $3,453 every year, while hoping to spend $41,155 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: 82/11/7 Blend
56$655,000$655,000$655,000$655,000
57$725,372$690,657$680,504$784,075
58$755,571$680,710$659,513$813,025
59$787,471$668,897$636,438$838,945
60$821,203$655,082$611,168$866,134
61$856,907$639,123$583,584$894,695
62$894,739$620,868$553,562$924,741
63$934,869$600,157$520,973$956,399
64$977,481$576,820$485,681$989,807
65$1,022,779$550,678$447,545$1,025,115
66$1,070,982$521,542$406,418$1,062,494
67$1,122,335$489,210$362,146$1,102,126
68$1,177,103$453,471$314,567$1,144,216
69$1,235,575$414,099$263,513$1,188,990
70$1,298,072$370,858$208,809$1,236,695
71$1,364,942$323,497$150,271$1,287,604
72$1,436,569$271,751$87,707$1,342,020
73$1,513,372$215,340$20,919$1,400,276
74$1,595,813$153,968$0$1,462,739
75$1,684,397$87,324$0$1,533,577
76$1,779,680$15,077$0$1,611,386
77$1,882,271$0$0$1,695,114
78$1,992,840$0$0$1,792,964
79$2,112,122$0$0$1,900,505
80$2,240,925$0$0$2,016,642
81$2,380,137$0$0$2,142,176
82$2,530,734$0$0$2,277,991
83$2,693,789$0$0$2,425,053
84$2,870,480$0$0$2,584,430
85$3,062,104$0$0$2,757,291
86$3,270,086$0$0$2,944,926
87$3,495,996$0$0$3,148,750
88$3,741,559$0$0$3,370,323
89$4,008,671$0$0$3,611,359
90$4,299,421$0$0$3,873,745
91$4,616,106$0$0$4,159,556
92$4,961,255$0$0$4,471,076
93$5,337,649$0$0$4,810,820
94$5,748,352$0$0$5,181,554
95$6,196,733$0$0$5,586,323
96$6,686,504$0$0$6,028,481
97$7,221,750$0$0$6,511,718
98$7,806,967$0$0$7,040,098
99$8,447,107$0$0$7,618,095
100$9,147,621$0$0$8,250,634