Can I retire at age 57 with 656,000?

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 $656,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$54,172$53,689$53,219$52,759$52,310$52,046
2 years$26,818$26,318$25,834$25,365$24,910$24,643
3 years$17,701$17,199$16,716$16,252$15,804$15,543
4 years$13,143$12,643$12,165$11,708$11,271$11,018
5 years$10,410$9,913$9,441$8,993$8,568$8,324
6 years$8,588$8,094$7,630$7,192$6,780$6,544
7 years$7,287$6,798$6,340$5,913$5,514$5,287
8 years$6,312$5,827$5,377$4,960$4,574$4,357
9 years$5,553$5,073$4,631$4,225$3,852$3,644
10 years$4,947$4,472$4,038$3,642$3,282$3,083
11 years$4,452$3,981$3,555$3,170$2,823$2,632
12 years$4,039$3,573$3,155$2,780$2,446$2,264
13 years$3,690$3,229$2,818$2,454$2,133$1,959
14 years$3,391$2,935$2,532$2,179$1,870$1,704
15 years$3,133$2,681$2,286$1,943$1,646$1,489
16 years$2,906$2,460$2,073$1,740$1,455$1,305
17 years$2,707$2,266$1,886$1,563$1,290$1,148
18 years$2,530$2,094$1,722$1,409$1,147$1,012
19 years$2,372$1,940$1,576$1,273$1,023$895
20 years$2,230$1,803$1,447$1,153$913$792
21 years$2,101$1,679$1,331$1,046$817$703
22 years$1,984$1,568$1,226$951$733$624
23 years$1,878$1,466$1,132$866$658$556
24 years$1,781$1,374$1,047$790$591$495
25 years$1,691$1,289$970$722$532$441
26 years$1,609$1,212$900$660$479$394
27 years$1,533$1,140$835$604$432$352
28 years$1,462$1,074$777$553$390$314
29 years$1,396$1,014$723$507$352$281
30 years$1,335$957$673$466$318$252
31 years$1,278$905$628$428$288$225
32 years$1,225$856$586$393$260$202
33 years$1,175$811$547$361$235$181
34 years$1,128$769$511$333$213$162
35 years$1,084$729$478$306$193$145
36 years$1,042$692$447$282$175$130
37 years$1,003$657$418$260$158$117
38 years$965$625$392$239$144$105
39 years$930$594$367$221$130$94
40 years$897$565$344$204$118$85
41 years$865$538$322$188$107$76
42 years$835$512$302$173$97$68
43 years$807$488$284$160$88$61
44 years$779$465$266$148$80$55
45 years$754$444$250$137$73$49
46 years$729$423$235$126$66$44
47 years$705$404$221$116$60$40
48 years$683$386$207$108$54$36
49 years$661$368$195$99$49$32
50 years$640$352$183$92$45$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $656,000, adding $5,757 every year, while hoping to spend $32,832 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: 84/11/5 Blend
56$656,000$656,000$656,000$656,000
57$728,850$694,082$683,914$789,563
58$768,260$693,159$671,892$829,107
59$810,589$691,091$658,367$867,454
60$856,101$687,786$643,254$908,526
61$905,084$683,148$626,464$952,575
62$957,856$677,075$607,904$999,877
63$1,014,764$669,459$587,476$1,050,737
64$1,076,193$660,185$565,079$1,105,492
65$1,142,561$649,131$540,606$1,164,510
66$1,214,332$636,169$513,946$1,228,201
67$1,292,013$621,160$484,982$1,297,011
68$1,376,164$603,962$453,594$1,371,436
69$1,467,397$584,420$419,654$1,452,019
70$1,566,387$562,373$383,029$1,539,359
71$1,673,879$537,650$343,580$1,634,119
72$1,790,688$510,068$301,163$1,737,025
73$1,917,712$479,435$255,627$1,848,879
74$2,055,941$445,550$206,812$1,970,564
75$2,206,462$408,197$154,556$2,103,055
76$2,370,472$367,149$98,684$2,247,425
77$2,549,287$322,167$39,017$2,404,856
78$2,744,359$272,997$0$2,576,650
79$2,957,281$219,371$0$2,765,561
80$3,189,811$161,008$0$2,974,161
81$3,443,881$97,607$0$3,202,123
82$3,721,622$28,854$0$3,451,380
83$4,025,375$0$0$3,724,065
84$4,357,722$0$0$4,028,041
85$4,721,504$0$0$4,364,604
86$5,119,849$0$0$4,733,155
87$5,556,203$0$0$5,136,885
88$6,034,361$0$0$5,579,304
89$6,558,500$0$0$6,064,282
90$7,133,224$0$0$6,596,078
91$7,763,601$0$0$7,179,385
92$8,455,213$0$0$7,819,370
93$9,214,212$0$0$8,521,725
94$10,047,371$0$0$9,292,721
95$10,962,151$0$0$10,139,265
96$11,966,772$0$0$11,068,965
97$13,070,288$0$0$12,090,202
98$14,282,675$0$0$13,212,210
99$15,614,920$0$0$14,445,160
100$17,079,130$0$0$15,800,258