Can I retire at age 57 with 657,000?

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 $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%18.9%
1 years$54,254$53,771$53,300$52,839$52,390$50,511
2 years$26,859$26,358$25,874$25,404$24,948$23,075
3 years$17,728$17,226$16,742$16,276$15,828$14,020
4 years$13,163$12,663$12,184$11,726$11,289$9,560
5 years$10,425$9,928$9,455$9,007$8,581$6,936
6 years$8,601$8,107$7,641$7,203$6,790$5,230
7 years$7,298$6,808$6,350$5,922$5,522$4,046
8 years$6,321$5,836$5,385$4,968$4,581$3,188
9 years$5,562$5,081$4,638$4,231$3,858$2,546
10 years$4,955$4,479$4,044$3,647$3,287$2,054
11 years$4,459$3,987$3,560$3,174$2,827$1,671
12 years$4,045$3,579$3,159$2,784$2,450$1,367
13 years$3,696$3,234$2,823$2,458$2,136$1,124
14 years$3,396$2,940$2,536$2,182$1,873$928
15 years$3,137$2,685$2,290$1,946$1,649$769
16 years$2,911$2,464$2,076$1,742$1,457$638
17 years$2,711$2,269$1,889$1,566$1,292$531
18 years$2,534$2,097$1,725$1,411$1,149$443
19 years$2,375$1,943$1,579$1,275$1,024$370
20 years$2,233$1,806$1,449$1,155$915$309
21 years$2,104$1,682$1,333$1,048$819$259
22 years$1,987$1,570$1,228$953$734$217
23 years$1,881$1,468$1,134$868$659$181
24 years$1,783$1,376$1,049$791$592$152
25 years$1,694$1,291$971$723$533$128
26 years$1,611$1,213$901$661$480$107
27 years$1,535$1,142$837$605$433$90
28 years$1,464$1,076$778$554$390$76
29 years$1,399$1,015$724$508$352$63
30 years$1,337$959$674$466$318$53
31 years$1,280$906$629$428$288$45
32 years$1,227$858$586$394$260$38
33 years$1,177$812$548$362$236$32
34 years$1,130$770$512$333$213$27
35 years$1,085$730$478$307$193$22
36 years$1,043$693$447$282$175$19
37 years$1,004$658$419$260$159$16
38 years$967$625$392$240$144$13
39 years$932$595$367$221$131$11
40 years$898$566$344$204$118$9
41 years$867$539$323$188$107$8
42 years$836$513$303$174$97$7
43 years$808$489$284$160$88$6
44 years$781$466$267$148$80$5
45 years$755$444$251$137$73$4
46 years$730$424$235$126$66$3
47 years$706$404$221$117$60$3
48 years$684$386$208$108$55$2
49 years$662$369$195$100$50$2
50 years$641$352$184$92$45$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $657,000, adding $6,492 every year, while hoping to spend $34,569 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: 81/8/11 Blend
56$657,000$657,000$657,000$657,000
57$730,710$695,889$685,706$787,996
58$768,462$693,207$671,896$823,821
59$808,905$689,234$656,465$857,939
60$852,279$683,872$639,321$894,364
61$898,843$677,014$620,371$933,310
62$948,886$668,549$599,514$975,012
63$1,002,722$658,357$576,647$1,019,730
64$1,060,696$646,312$551,661$1,067,750
65$1,123,187$632,282$524,443$1,119,385
66$1,190,614$616,125$494,872$1,174,983
67$1,263,432$597,692$462,827$1,234,927
68$1,342,147$576,823$428,176$1,299,637
69$1,427,311$553,352$390,785$1,369,578
70$1,519,532$527,102$350,511$1,445,261
71$1,619,478$497,884$307,207$1,527,252
72$1,727,885$465,500$260,719$1,616,172
73$1,845,561$429,741$210,885$1,712,707
74$1,973,395$390,385$157,536$1,817,613
75$2,112,364$347,197$100,497$1,931,723
76$2,263,546$299,931$39,584$2,055,957
77$2,428,124$248,323$0$2,191,326
78$2,607,400$192,098$0$2,341,933
79$2,802,807$130,964$0$2,511,177
80$3,015,924$64,612$0$2,695,789
81$3,248,487$0$0$2,897,292
82$3,502,407$0$0$3,118,004
83$3,779,787$0$0$3,365,338
84$4,082,945$0$0$3,635,672
85$4,414,430$0$0$3,931,283
86$4,777,049$0$0$4,254,677
87$5,173,895$0$0$4,608,613
88$5,608,370$0$0$4,996,129
89$6,084,225$0$0$5,420,571
90$6,605,586$0$0$5,885,623
91$7,177,001$0$0$6,395,344
92$7,803,476$0$0$6,954,201
93$8,490,525$0$0$7,567,118
94$9,244,223$0$0$8,239,516
95$10,071,259$0$0$8,977,365
96$10,979,004$0$0$9,787,244
97$11,975,573$0$0$10,676,397
98$13,069,908$0$0$11,652,806
99$14,271,860$0$0$12,725,262
100$15,592,279$0$0$13,903,450