Can I retire at age 57 with 659,000?

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 $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%16.8%
1 years$54,420$53,935$53,462$53,000$52,550$51,093
2 years$26,940$26,439$25,952$25,481$25,024$23,567
3 years$17,782$17,278$16,793$16,326$15,876$14,465
4 years$13,203$12,701$12,221$11,762$11,323$9,968
5 years$10,457$9,958$9,484$9,034$8,607$7,313
6 years$8,627$8,131$7,664$7,225$6,811$5,577
7 years$7,320$6,829$6,369$5,940$5,539$4,367
8 years$6,340$5,853$5,402$4,983$4,595$3,484
9 years$5,579$5,096$4,652$4,244$3,870$2,818
10 years$4,970$4,492$4,056$3,659$3,297$2,304
11 years$4,472$3,999$3,571$3,184$2,836$1,899
12 years$4,058$3,589$3,169$2,793$2,457$1,576
13 years$3,707$3,244$2,831$2,466$2,143$1,315
14 years$3,407$2,949$2,544$2,189$1,878$1,101
15 years$3,147$2,694$2,297$1,952$1,654$926
16 years$2,920$2,471$2,082$1,748$1,462$781
17 years$2,719$2,276$1,895$1,570$1,296$660
18 years$2,542$2,103$1,730$1,415$1,152$559
19 years$2,383$1,949$1,584$1,279$1,027$474
20 years$2,240$1,811$1,453$1,158$917$402
21 years$2,111$1,687$1,337$1,051$821$342
22 years$1,993$1,575$1,232$956$736$291
23 years$1,887$1,473$1,138$870$661$248
24 years$1,789$1,380$1,052$794$594$212
25 years$1,699$1,295$974$725$534$181
26 years$1,616$1,217$904$663$481$154
27 years$1,540$1,145$839$607$434$132
28 years$1,469$1,079$780$556$392$112
29 years$1,403$1,018$726$510$354$96
30 years$1,341$962$676$468$319$82
31 years$1,284$909$630$430$289$70
32 years$1,230$860$588$395$261$60
33 years$1,180$815$549$363$236$51
34 years$1,133$772$513$334$214$44
35 years$1,089$732$480$308$194$38
36 years$1,047$695$449$283$176$32
37 years$1,007$660$420$261$159$28
38 years$970$627$393$241$144$24
39 years$934$597$369$222$131$20
40 years$901$568$345$205$119$17
41 years$869$540$324$189$108$15
42 years$839$515$304$174$98$13
43 years$810$490$285$161$89$11
44 years$783$467$268$148$81$9
45 years$757$446$251$137$73$8
46 years$732$425$236$127$66$7
47 years$708$406$222$117$60$6
48 years$686$387$208$108$55$5
49 years$664$370$196$100$50$4
50 years$643$353$184$92$45$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $659,000, adding $3,275 every year, while hoping to spend $34,205 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: 34/45/21 Blend
56$659,000$659,000$659,000$659,000
57$729,596$694,669$684,455$749,619
58$767,621$692,314$670,990$762,368
59$808,378$688,697$655,928$772,736
60$852,110$683,721$639,179$783,212
61$899,083$677,280$620,649$793,828
62$949,588$669,266$600,240$804,619
63$1,003,948$659,562$577,849$815,629
64$1,062,513$648,043$553,370$826,907
65$1,125,671$634,579$526,690$838,513
66$1,193,847$619,031$497,691$850,515
67$1,267,508$601,252$466,252$862,992
68$1,347,167$581,086$432,244$876,035
69$1,433,387$558,368$395,534$889,748
70$1,526,790$532,926$355,981$904,252
71$1,628,056$504,573$313,440$919,684
72$1,737,936$473,115$267,759$936,199
73$1,857,253$438,345$218,777$953,974
74$1,986,916$400,047$166,329$973,211
75$2,127,921$357,989$110,240$994,136
76$2,281,366$311,928$50,331$1,017,007
77$2,448,460$261,607$0$1,042,114
78$2,630,530$206,753$0$1,072,833
79$2,829,040$147,079$0$1,118,715
80$3,045,599$82,283$0$1,168,931
81$3,281,979$12,044$0$1,223,994
82$3,540,130$0$0$1,284,474
83$3,822,199$0$0$1,382,686
84$4,130,550$0$0$1,496,663
85$4,467,785$0$0$1,621,412
86$4,836,770$0$0$1,758,007
87$5,240,659$0$0$1,907,628
88$5,682,927$0$0$2,071,575
89$6,167,399$0$0$2,251,279
90$6,698,289$0$0$2,448,318
91$7,280,238$0$0$2,664,429
92$7,918,354$0$0$2,901,523
93$8,618,268$0$0$3,161,709
94$9,386,178$0$0$3,447,307
95$10,228,914$0$0$3,760,874
96$11,153,998$0$0$4,105,226
97$12,169,715$0$0$4,483,465
98$13,285,192$0$0$4,899,009
99$14,510,484$0$0$5,355,623
100$15,856,667$0$0$5,857,454