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%15.7%
1 years$54,089$53,607$53,137$52,679$52,231$51,009
2 years$26,777$26,278$25,795$25,326$24,872$23,648
3 years$17,674$17,173$16,691$16,227$15,780$14,592
4 years$13,123$12,624$12,147$11,690$11,254$10,112
5 years$10,394$9,897$9,426$8,979$8,555$7,461
6 years$8,575$8,082$7,618$7,181$6,769$5,725
7 years$7,276$6,787$6,331$5,904$5,505$4,511
8 years$6,302$5,818$5,369$4,953$4,567$3,622
9 years$5,545$5,066$4,624$4,218$3,846$2,949
10 years$4,940$4,465$4,031$3,636$3,277$2,428
11 years$4,445$3,975$3,549$3,165$2,819$2,015
12 years$4,033$3,568$3,150$2,776$2,442$1,684
13 years$3,684$3,224$2,814$2,451$2,130$1,415
14 years$3,386$2,931$2,529$2,175$1,867$1,195
15 years$3,128$2,677$2,283$1,940$1,644$1,012
16 years$2,902$2,456$2,070$1,737$1,453$860
17 years$2,703$2,262$1,883$1,561$1,288$733
18 years$2,526$2,090$1,719$1,407$1,145$625
19 years$2,368$1,937$1,574$1,271$1,021$535
20 years$2,226$1,800$1,445$1,151$912$458
21 years$2,098$1,677$1,329$1,045$816$393
22 years$1,981$1,565$1,225$950$731$337
23 years$1,875$1,464$1,131$865$657$290
24 years$1,778$1,372$1,046$789$590$249
25 years$1,689$1,287$969$721$531$215
26 years$1,606$1,210$898$659$478$185
27 years$1,530$1,139$834$603$431$159
28 years$1,460$1,073$775$553$389$137
29 years$1,394$1,012$722$507$351$118
30 years$1,333$956$672$465$318$102
31 years$1,276$904$627$427$287$88
32 years$1,223$855$585$392$260$76
33 years$1,173$810$546$361$235$66
34 years$1,126$767$510$332$213$57
35 years$1,082$728$477$306$193$49
36 years$1,040$691$446$282$175$42
37 years$1,001$656$418$259$158$36
38 years$964$624$391$239$143$32
39 years$929$593$366$220$130$27
40 years$895$564$343$203$118$24
41 years$864$537$322$188$107$20
42 years$834$511$302$173$97$18
43 years$805$487$283$160$88$15
44 years$778$464$266$148$80$13
45 years$752$443$250$136$73$11
46 years$728$423$235$126$66$10
47 years$704$403$220$116$60$8
48 years$682$385$207$107$54$7
49 years$660$368$195$99$49$6
50 years$640$351$183$92$45$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $655,000, adding $3,312 every year, while hoping to spend $32,780 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: 81/9/10 Blend
56$655,000$655,000$655,000$655,000
57$725,226$690,511$680,359$782,549
58$764,322$689,469$668,273$819,560
59$806,306$687,276$654,684$855,524
60$851,440$683,843$639,506$894,021
61$900,008$679,073$622,651$935,287
62$952,325$672,863$604,026$979,584
63$1,008,734$665,106$583,533$1,027,198
64$1,069,614$655,685$561,070$1,078,445
65$1,135,380$644,479$536,532$1,133,675
66$1,206,489$631,359$509,806$1,193,272
67$1,283,444$616,188$480,777$1,257,658
68$1,366,796$598,822$449,323$1,327,300
69$1,457,151$579,106$415,318$1,402,712
70$1,555,177$556,879$378,628$1,484,462
71$1,661,608$531,969$339,115$1,573,173
72$1,777,250$504,194$296,633$1,669,533
73$1,902,992$473,362$251,033$1,774,303
74$2,039,811$439,270$202,156$1,888,318
75$2,188,780$401,703$149,837$2,012,500
76$2,351,083$360,434$93,903$2,147,866
77$2,528,020$315,222$34,176$2,295,536
78$2,721,025$265,815$0$2,456,746
79$2,931,674$211,943$0$2,636,013
80$3,161,701$153,325$0$2,835,778
81$3,413,017$89,661$0$3,054,069
82$3,687,726$20,635$0$3,292,734
83$3,988,142$0$0$3,553,807
84$4,316,816$0$0$3,844,888
85$4,676,553$0$0$4,165,732
86$5,070,445$0$0$4,517,056
87$5,501,896$0$0$4,901,896
88$5,974,654$0$0$5,323,600
89$6,492,848$0$0$5,785,851
90$7,061,025$0$0$6,292,708
91$7,684,191$0$0$6,848,640
92$8,367,863$0$0$7,458,571
93$9,118,116$0$0$8,127,923
94$9,941,641$0$0$8,862,670
95$10,845,811$0$0$9,669,389
96$11,838,745$0$0$10,555,331
97$12,929,389$0$0$11,528,477
98$14,127,595$0$0$12,597,624
99$15,444,219$0$0$13,772,462
100$16,891,221$0$0$15,063,664