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%18.8%
1 years$54,337$53,853$53,381$52,920$52,470$50,608
2 years$26,900$26,399$25,913$25,442$24,986$23,130
3 years$17,755$17,252$16,767$16,301$15,852$14,060
4 years$13,183$12,682$12,202$11,744$11,306$9,592
5 years$10,441$9,943$9,470$9,021$8,594$6,963
6 years$8,614$8,119$7,653$7,214$6,800$5,253
7 years$7,309$6,818$6,360$5,931$5,531$4,066
8 years$6,331$5,845$5,393$4,975$4,588$3,206
9 years$5,570$5,089$4,645$4,238$3,864$2,562
10 years$4,962$4,485$4,050$3,653$3,292$2,068
11 years$4,465$3,993$3,565$3,179$2,831$1,683
12 years$4,051$3,584$3,164$2,789$2,454$1,378
13 years$3,701$3,239$2,827$2,462$2,140$1,134
14 years$3,402$2,944$2,540$2,185$1,876$937
15 years$3,142$2,689$2,293$1,949$1,651$777
16 years$2,915$2,468$2,079$1,745$1,460$645
17 years$2,715$2,273$1,892$1,568$1,294$537
18 years$2,538$2,100$1,727$1,413$1,151$448
19 years$2,379$1,946$1,581$1,277$1,026$375
20 years$2,236$1,808$1,451$1,156$916$313
21 years$2,107$1,685$1,335$1,050$820$262
22 years$1,990$1,572$1,230$954$735$220
23 years$1,884$1,471$1,136$869$660$184
24 years$1,786$1,378$1,050$793$593$155
25 years$1,696$1,293$973$724$534$130
26 years$1,614$1,215$902$662$481$109
27 years$1,537$1,144$838$606$433$92
28 years$1,467$1,078$779$555$391$77
29 years$1,401$1,017$725$509$353$65
30 years$1,339$960$675$467$319$54
31 years$1,282$908$629$429$288$46
32 years$1,229$859$587$394$261$39
33 years$1,178$813$548$363$236$32
34 years$1,131$771$512$334$214$27
35 years$1,087$731$479$307$194$23
36 years$1,045$694$448$283$175$19
37 years$1,006$659$419$261$159$16
38 years$968$626$393$240$144$14
39 years$933$596$368$221$131$12
40 years$900$567$345$204$119$10
41 years$868$539$323$188$108$8
42 years$838$514$303$174$98$7
43 years$809$490$285$161$89$6
44 years$782$467$267$148$80$5
45 years$756$445$251$137$73$4
46 years$731$424$236$126$66$3
47 years$707$405$221$117$60$3
48 years$685$387$208$108$55$2
49 years$663$369$196$100$50$2
50 years$642$353$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 $658,000, adding $5,629 every year, while hoping to spend $43,261 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: 75/10/15 Blend
56$658,000$658,000$658,000$658,000
57$730,922$696,048$685,849$782,945
58$759,447$684,125$662,796$806,176
59$789,431$670,168$637,520$825,701
60$820,978$654,032$609,902$845,929
61$854,201$635,561$579,816$866,919
62$889,220$614,595$547,131$888,734
63$926,170$590,960$511,710$911,445
64$965,196$564,473$473,409$935,130
65$1,006,456$534,943$432,078$959,877
66$1,050,123$502,163$387,561$985,784
67$1,096,386$465,920$339,695$1,012,958
68$1,145,451$425,983$288,308$1,041,521
69$1,197,544$382,113$233,223$1,071,604
70$1,252,910$334,054$174,253$1,103,358
71$1,311,820$281,536$111,204$1,136,946
72$1,374,570$224,274$43,873$1,172,551
73$1,441,481$161,969$0$1,210,376
74$1,512,908$94,302$0$1,255,124
75$1,589,240$20,937$0$1,310,353
76$1,670,900$0$0$1,369,347
77$1,758,357$0$0$1,438,886
78$1,852,120$0$0$1,515,927
79$1,952,751$0$0$1,598,631
80$2,060,865$0$0$1,687,505
81$2,177,138$0$0$1,783,107
82$2,302,312$0$0$1,886,050
83$2,437,202$0$0$1,997,007
84$2,582,702$0$0$2,116,716
85$2,739,796$0$0$2,245,991
86$2,909,563$0$0$2,385,723
87$3,093,192$0$0$2,536,892
88$3,291,986$0$0$2,700,577
89$3,507,382$0$0$2,877,964
90$3,740,955$0$0$3,070,354
91$3,994,441$0$0$3,279,182
92$4,269,748$0$0$3,506,022
93$4,568,974$0$0$3,752,611
94$4,894,428$0$0$4,020,854
95$5,248,650$0$0$4,312,850
96$5,634,435$0$0$4,630,909
97$6,054,858$0$0$4,977,571
98$6,513,304$0$0$5,355,634
99$7,013,499$0$0$5,768,175
100$7,559,543$0$0$6,218,583