Can I retire at age 57 with 659,000?

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 $659,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$54,420$53,935$53,462$53,000$52,550$52,066
2 years$26,940$26,439$25,952$25,481$25,024$24,536
3 years$17,782$17,278$16,793$16,326$15,876$15,400
4 years$13,203$12,701$12,221$11,762$11,323$10,862
5 years$10,457$9,958$9,484$9,034$8,607$8,163
6 years$8,627$8,131$7,664$7,225$6,811$6,384
7 years$7,320$6,829$6,369$5,940$5,539$5,129
8 years$6,340$5,853$5,402$4,983$4,595$4,202
9 years$5,579$5,096$4,652$4,244$3,870$3,494
10 years$4,970$4,492$4,056$3,659$3,297$2,938
11 years$4,472$3,999$3,571$3,184$2,836$2,493
12 years$4,058$3,589$3,169$2,793$2,457$2,131
13 years$3,707$3,244$2,831$2,466$2,143$1,833
14 years$3,407$2,949$2,544$2,189$1,878$1,584
15 years$3,147$2,694$2,297$1,952$1,654$1,374
16 years$2,920$2,471$2,082$1,748$1,462$1,197
17 years$2,719$2,276$1,895$1,570$1,296$1,045
18 years$2,542$2,103$1,730$1,415$1,152$915
19 years$2,383$1,949$1,584$1,279$1,027$803
20 years$2,240$1,811$1,453$1,158$917$706
21 years$2,111$1,687$1,337$1,051$821$622
22 years$1,993$1,575$1,232$956$736$548
23 years$1,887$1,473$1,138$870$661$484
24 years$1,789$1,380$1,052$794$594$428
25 years$1,699$1,295$974$725$534$379
26 years$1,616$1,217$904$663$481$335
27 years$1,540$1,145$839$607$434$297
28 years$1,469$1,079$780$556$392$263
29 years$1,403$1,018$726$510$354$234
30 years$1,341$962$676$468$319$208
31 years$1,284$909$630$430$289$184
32 years$1,230$860$588$395$261$164
33 years$1,180$815$549$363$236$146
34 years$1,133$772$513$334$214$129
35 years$1,089$732$480$308$194$115
36 years$1,047$695$449$283$176$102
37 years$1,007$660$420$261$159$91
38 years$970$627$393$241$144$81
39 years$934$597$369$222$131$72
40 years$901$568$345$205$119$64
41 years$869$540$324$189$108$57
42 years$839$515$304$174$98$51
43 years$810$490$285$161$89$45
44 years$783$467$268$148$81$40
45 years$757$446$251$137$73$36
46 years$732$425$236$127$66$32
47 years$708$406$222$117$60$29
48 years$686$387$208$108$55$25
49 years$664$370$196$100$50$23
50 years$643$353$184$92$45$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $659,000, adding $4,037 every year, while hoping to spend $38,185 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: 76/6/18 Blend
56$659,000$659,000$659,000$659,000
57$730,382$695,455$685,241$782,597
58$764,253$688,904$667,568$811,138
59$800,298$680,752$648,023$837,288
60$838,700$670,880$626,503$864,940
61$879,657$659,163$602,901$894,232
62$923,388$645,467$577,103$925,318
63$970,129$629,652$548,993$958,366
64$1,020,145$611,567$518,446$993,563
65$1,073,720$591,054$485,334$1,031,115
66$1,131,169$567,946$449,523$1,071,252
67$1,192,839$542,065$410,872$1,114,224
68$1,259,107$513,225$369,235$1,160,310
69$1,330,389$481,226$324,457$1,209,817
70$1,407,141$445,859$276,380$1,263,084
71$1,489,866$406,902$224,834$1,320,488
72$1,579,113$364,121$169,647$1,382,440
73$1,675,487$317,268$110,635$1,449,400
74$1,779,654$266,081$47,609$1,521,872
75$1,892,344$210,285$0$1,600,413
76$2,014,360$149,585$0$1,689,414
77$2,146,585$83,675$0$1,795,785
78$2,289,990$12,229$0$1,911,163
79$2,445,643$0$0$2,036,421
80$2,614,717$0$0$2,176,818
81$2,798,505$0$0$2,330,332
82$2,998,428$0$0$2,497,347
83$3,216,049$0$0$2,679,171
84$3,453,088$0$0$2,877,245
85$3,711,438$0$0$3,093,153
86$3,993,184$0$0$3,328,640
87$4,300,618$0$0$3,585,626
88$4,636,264$0$0$3,866,226
89$5,002,901$0$0$4,172,764
90$5,403,588$0$0$4,507,804
91$5,841,692$0$0$4,874,164
92$6,320,921$0$0$5,274,949
93$6,845,358$0$0$5,713,579
94$7,419,499$0$0$6,193,817
95$8,048,293$0$0$6,719,809
96$8,737,192$0$0$7,296,121
97$9,492,199$0$0$7,927,779
98$10,319,928$0$0$8,620,322
99$11,227,661$0$0$9,379,847
100$12,223,417$0$0$10,213,071