Can I retire at age 57 with 657,000?

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 $657,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$54,254$53,771$53,300$52,839$52,390$50,958
2 years$26,859$26,358$25,874$25,404$24,948$23,516
3 years$17,728$17,226$16,742$16,276$15,828$14,440
4 years$13,163$12,663$12,184$11,726$11,289$9,956
5 years$10,425$9,928$9,455$9,007$8,581$7,308
6 years$8,601$8,107$7,641$7,203$6,790$5,577
7 years$7,298$6,808$6,350$5,922$5,522$4,369
8 years$6,321$5,836$5,385$4,968$4,581$3,488
9 years$5,562$5,081$4,638$4,231$3,858$2,823
10 years$4,955$4,479$4,044$3,647$3,287$2,309
11 years$4,459$3,987$3,560$3,174$2,827$1,905
12 years$4,045$3,579$3,159$2,784$2,450$1,582
13 years$3,696$3,234$2,823$2,458$2,136$1,320
14 years$3,396$2,940$2,536$2,182$1,873$1,107
15 years$3,137$2,685$2,290$1,946$1,649$931
16 years$2,911$2,464$2,076$1,742$1,457$785
17 years$2,711$2,269$1,889$1,566$1,292$664
18 years$2,534$2,097$1,725$1,411$1,149$563
19 years$2,375$1,943$1,579$1,275$1,024$478
20 years$2,233$1,806$1,449$1,155$915$406
21 years$2,104$1,682$1,333$1,048$819$346
22 years$1,987$1,570$1,228$953$734$295
23 years$1,881$1,468$1,134$868$659$251
24 years$1,783$1,376$1,049$791$592$214
25 years$1,694$1,291$971$723$533$183
26 years$1,611$1,213$901$661$480$156
27 years$1,535$1,142$837$605$433$134
28 years$1,464$1,076$778$554$390$114
29 years$1,399$1,015$724$508$352$98
30 years$1,337$959$674$466$318$84
31 years$1,280$906$629$428$288$72
32 years$1,227$858$586$394$260$61
33 years$1,177$812$548$362$236$52
34 years$1,130$770$512$333$213$45
35 years$1,085$730$478$307$193$38
36 years$1,043$693$447$282$175$33
37 years$1,004$658$419$260$159$28
38 years$967$625$392$240$144$24
39 years$932$595$367$221$131$21
40 years$898$566$344$204$118$18
41 years$867$539$323$188$107$15
42 years$836$513$303$174$97$13
43 years$808$489$284$160$88$11
44 years$781$466$267$148$80$10
45 years$755$444$251$137$73$8
46 years$730$424$235$126$66$7
47 years$706$404$221$117$60$6
48 years$684$386$208$108$55$5
49 years$662$369$195$100$50$4
50 years$641$352$184$92$45$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $657,000, adding $3,595 every year, while hoping to spend $31,326 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: 57/35/8 Blend
56$657,000$657,000$657,000$657,000
57$727,722$692,901$682,718$767,668
58$768,619$693,523$672,258$795,609
59$812,638$693,125$660,398$822,214
60$860,063$691,624$647,058$850,434
61$911,209$688,933$632,154$880,428
62$966,420$684,958$615,598$912,369
63$1,026,073$679,600$597,299$946,452
64$1,090,585$672,753$577,161$982,891
65$1,160,412$664,305$555,084$1,021,924
66$1,236,058$654,140$530,963$1,063,815
67$1,318,074$642,130$504,688$1,108,856
68$1,407,067$628,144$476,144$1,157,370
69$1,503,706$612,042$445,213$1,209,714
70$1,608,725$593,673$411,769$1,266,287
71$1,722,933$572,881$375,682$1,327,527
72$1,847,219$549,499$336,814$1,393,920
73$1,982,562$523,350$295,023$1,466,005
74$2,130,037$494,249$250,161$1,544,377
75$2,290,830$461,997$202,071$1,629,694
76$2,466,246$426,385$150,591$1,722,688
77$2,657,719$387,194$95,552$1,824,163
78$2,866,830$344,190$36,776$1,935,013
79$3,095,317$297,126$0$2,056,224
80$3,345,097$245,743$0$2,191,103
81$3,618,277$189,764$0$2,342,136
82$3,917,179$128,900$0$2,507,532
83$4,244,359$62,844$0$2,688,784
84$4,602,631$0$0$2,887,540
85$4,995,095$0$0$3,108,984
86$5,425,165$0$0$3,378,227
87$5,896,601$0$0$3,673,424
88$6,413,542$0$0$3,997,175
89$6,980,548$0$0$4,352,345
90$7,602,644$0$0$4,742,087
91$8,285,361$0$0$5,169,875
92$9,034,793$0$0$5,639,537
93$9,857,653$0$0$6,155,288
94$10,761,336$0$0$6,721,771
95$11,753,989$0$0$7,344,104
96$12,844,584$0$0$8,027,920
97$14,043,009$0$0$8,779,430
98$15,360,153$0$0$9,605,472
99$16,808,016$0$0$10,513,583
100$18,399,816$0$0$11,512,064