Can I retire at age 57 with 658,000?

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 $658,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$54,337$53,853$53,381$52,920$52,470$50,933
2 years$26,900$26,399$25,913$25,442$24,986$23,450
3 years$17,755$17,252$16,767$16,301$15,852$14,365
4 years$13,183$12,682$12,202$11,744$11,306$9,880
5 years$10,441$9,943$9,470$9,021$8,594$7,233
6 years$8,614$8,119$7,653$7,214$6,800$5,504
7 years$7,309$6,818$6,360$5,931$5,531$4,300
8 years$6,331$5,845$5,393$4,975$4,588$3,422
9 years$5,570$5,089$4,645$4,238$3,864$2,762
10 years$4,962$4,485$4,050$3,653$3,292$2,252
11 years$4,465$3,993$3,565$3,179$2,831$1,852
12 years$4,051$3,584$3,164$2,789$2,454$1,533
13 years$3,701$3,239$2,827$2,462$2,140$1,275
14 years$3,402$2,944$2,540$2,185$1,876$1,065
15 years$3,142$2,689$2,293$1,949$1,651$893
16 years$2,915$2,468$2,079$1,745$1,460$751
17 years$2,715$2,273$1,892$1,568$1,294$632
18 years$2,538$2,100$1,727$1,413$1,151$534
19 years$2,379$1,946$1,581$1,277$1,026$452
20 years$2,236$1,808$1,451$1,156$916$382
21 years$2,107$1,685$1,335$1,050$820$324
22 years$1,990$1,572$1,230$954$735$275
23 years$1,884$1,471$1,136$869$660$234
24 years$1,786$1,378$1,050$793$593$199
25 years$1,696$1,293$973$724$534$169
26 years$1,614$1,215$902$662$481$144
27 years$1,537$1,144$838$606$433$122
28 years$1,467$1,078$779$555$391$104
29 years$1,401$1,017$725$509$353$89
30 years$1,339$960$675$467$319$76
31 years$1,282$908$629$429$288$64
32 years$1,229$859$587$394$261$55
33 years$1,178$813$548$363$236$47
34 years$1,131$771$512$334$214$40
35 years$1,087$731$479$307$194$34
36 years$1,045$694$448$283$175$29
37 years$1,006$659$419$261$159$25
38 years$968$626$393$240$144$21
39 years$933$596$368$221$131$18
40 years$900$567$345$204$119$15
41 years$868$539$323$188$108$13
42 years$838$514$303$174$98$11
43 years$809$490$285$161$89$10
44 years$782$467$267$148$80$8
45 years$756$445$251$137$73$7
46 years$731$424$236$126$66$6
47 years$707$405$221$117$60$5
48 years$685$387$208$108$55$4
49 years$663$369$196$100$50$4
50 years$642$353$184$92$45$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $658,000, adding $6,970 every year, while hoping to spend $31,560 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: 62/20/18 Blend
56$658,000$658,000$658,000$658,000
57$732,306$697,432$687,233$773,939
58$773,421$698,026$676,675$803,415
59$817,673$697,592$664,707$831,416
60$865,347$696,046$651,246$861,246
61$916,758$693,298$636,209$893,088
62$972,253$689,255$619,507$927,140
63$1,032,211$683,816$601,048$963,626
64$1,097,049$676,876$580,736$1,002,788
65$1,167,226$668,321$558,469$1,044,900
66$1,243,247$658,033$534,142$1,090,261
67$1,325,667$645,885$507,644$1,139,203
68$1,415,096$631,744$478,861$1,192,093
69$1,512,203$615,467$447,670$1,249,338
70$1,617,728$596,905$413,947$1,311,386
71$1,732,482$575,899$377,560$1,378,736
72$1,857,357$552,281$338,371$1,451,935
73$1,993,337$525,872$296,236$1,531,592
74$2,141,503$496,485$251,005$1,618,379
75$2,303,044$463,920$202,521$1,713,036
76$2,479,270$427,968$150,622$1,816,385
77$2,671,623$388,406$95,135$1,929,332
78$2,881,689$344,998$35,882$2,052,878
79$3,111,215$297,497$0$2,188,131
80$3,362,124$245,639$0$2,341,567
81$3,636,532$189,147$0$2,516,978
82$3,936,772$127,729$0$2,708,997
83$4,265,410$61,074$0$2,919,313
84$4,625,272$0$0$3,149,788
85$5,019,470$0$0$3,404,929
86$5,451,433$0$0$3,699,289
87$5,924,936$0$0$4,022,007
88$6,444,136$0$0$4,375,921
89$7,013,612$0$0$4,764,160
90$7,638,408$0$0$5,190,170
91$8,324,080$0$0$5,657,744
92$9,076,746$0$0$6,171,064
93$9,903,149$0$0$6,734,733
94$10,810,712$0$0$7,353,825
95$11,807,617$0$0$8,033,927
96$12,902,873$0$0$8,781,194
97$14,106,409$0$0$9,602,409
98$15,429,159$0$0$10,505,042
99$16,883,173$0$0$11,497,324
100$18,481,723$0$0$12,588,322