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%13%
1 years$54,254$53,771$53,300$52,839$52,390$51,735
2 years$26,859$26,358$25,874$25,404$24,948$24,289
3 years$17,728$17,226$16,742$16,276$15,828$15,185
4 years$13,163$12,663$12,184$11,726$11,289$10,668
5 years$10,425$9,928$9,455$9,007$8,581$7,984
6 years$8,601$8,107$7,641$7,203$6,790$6,216
7 years$7,298$6,808$6,350$5,922$5,522$4,972
8 years$6,321$5,836$5,385$4,968$4,581$4,055
9 years$5,562$5,081$4,638$4,231$3,858$3,356
10 years$4,955$4,479$4,044$3,647$3,287$2,809
11 years$4,459$3,987$3,560$3,174$2,827$2,372
12 years$4,045$3,579$3,159$2,784$2,450$2,017
13 years$3,696$3,234$2,823$2,458$2,136$1,725
14 years$3,396$2,940$2,536$2,182$1,873$1,483
15 years$3,137$2,685$2,290$1,946$1,649$1,280
16 years$2,911$2,464$2,076$1,742$1,457$1,108
17 years$2,711$2,269$1,889$1,566$1,292$963
18 years$2,534$2,097$1,725$1,411$1,149$838
19 years$2,375$1,943$1,579$1,275$1,024$731
20 years$2,233$1,806$1,449$1,155$915$639
21 years$2,104$1,682$1,333$1,048$819$559
22 years$1,987$1,570$1,228$953$734$490
23 years$1,881$1,468$1,134$868$659$430
24 years$1,783$1,376$1,049$791$592$378
25 years$1,694$1,291$971$723$533$332
26 years$1,611$1,213$901$661$480$293
27 years$1,535$1,142$837$605$433$258
28 years$1,464$1,076$778$554$390$227
29 years$1,399$1,015$724$508$352$200
30 years$1,337$959$674$466$318$176
31 years$1,280$906$629$428$288$156
32 years$1,227$858$586$394$260$137
33 years$1,177$812$548$362$236$121
34 years$1,130$770$512$333$213$107
35 years$1,085$730$478$307$193$95
36 years$1,043$693$447$282$175$84
37 years$1,004$658$419$260$159$74
38 years$967$625$392$240$144$65
39 years$932$595$367$221$131$58
40 years$898$566$344$204$118$51
41 years$867$539$323$188$107$45
42 years$836$513$303$174$97$40
43 years$808$489$284$160$88$35
44 years$781$466$267$148$80$31
45 years$755$444$251$137$73$28
46 years$730$424$235$126$66$24
47 years$706$404$221$117$60$22
48 years$684$386$208$108$55$19
49 years$662$369$195$100$50$17
50 years$641$352$184$92$45$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $657,000, adding $3,296 every year, while hoping to spend $47,325 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: 48/47/5 Blend
56$657,000$657,000$657,000$657,000
57$727,414$692,593$682,409$761,255
58$751,257$676,176$654,917$768,312
59$775,945$657,370$624,917$770,666
60$801,516$636,005$592,276$772,092
61$828,007$611,906$556,854$772,517
62$855,460$584,885$518,504$771,863
63$883,917$554,745$477,074$770,047
64$913,425$521,275$432,405$766,982
65$944,032$484,256$384,328$762,576
66$975,790$443,451$332,669$756,733
67$1,008,754$398,614$277,248$749,350
68$1,042,984$349,483$217,873$740,319
69$1,078,543$295,782$154,346$729,529
70$1,115,498$237,219$86,460$716,859
71$1,153,921$173,485$13,998$702,186
72$1,193,889$104,254$0$685,377
73$1,235,485$29,182$0$669,673
74$1,278,799$0$0$652,568
75$1,323,925$0$0$660,119
76$1,370,967$0$0$683,736
77$1,420,035$0$0$708,385
78$1,471,249$0$0$734,129
79$1,524,738$0$0$761,033
80$1,580,639$0$0$789,169
81$1,639,105$0$0$818,617
82$1,700,298$0$0$849,461
83$1,764,393$0$0$881,792
84$1,831,582$0$0$915,710
85$1,902,071$0$0$951,323
86$1,976,086$0$0$988,748
87$2,053,871$0$0$1,028,112
88$2,135,691$0$0$1,069,555
89$2,221,835$0$0$1,113,227
90$2,312,617$0$0$1,159,293
91$2,408,379$0$0$1,207,932
92$2,509,495$0$0$1,259,339
93$2,616,373$0$0$1,313,728
94$2,729,455$0$0$1,371,332
95$2,849,227$0$0$1,432,405
96$2,976,220$0$0$1,497,225
97$3,111,011$0$0$1,566,097
98$3,254,234$0$0$1,639,352
99$3,406,582$0$0$1,717,354
100$3,568,813$0$0$1,800,503