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%13.9%
1 years$54,420$53,935$53,462$53,000$52,550$51,700
2 years$26,940$26,439$25,952$25,481$25,024$24,170
3 years$17,782$17,278$16,793$16,326$15,876$15,045
4 years$13,203$12,701$12,221$11,762$11,323$10,521
5 years$10,457$9,958$9,484$9,034$8,607$7,837
6 years$8,627$8,131$7,664$7,225$6,811$6,072
7 years$7,320$6,829$6,369$5,940$5,539$4,833
8 years$6,340$5,853$5,402$4,983$4,595$3,921
9 years$5,579$5,096$4,652$4,244$3,870$3,228
10 years$4,970$4,492$4,056$3,659$3,297$2,687
11 years$4,472$3,999$3,571$3,184$2,836$2,256
12 years$4,058$3,589$3,169$2,793$2,457$1,907
13 years$3,707$3,244$2,831$2,466$2,143$1,622
14 years$3,407$2,949$2,544$2,189$1,878$1,386
15 years$3,147$2,694$2,297$1,952$1,654$1,189
16 years$2,920$2,471$2,082$1,748$1,462$1,023
17 years$2,719$2,276$1,895$1,570$1,296$883
18 years$2,542$2,103$1,730$1,415$1,152$764
19 years$2,383$1,949$1,584$1,279$1,027$662
20 years$2,240$1,811$1,453$1,158$917$575
21 years$2,111$1,687$1,337$1,051$821$500
22 years$1,993$1,575$1,232$956$736$435
23 years$1,887$1,473$1,138$870$661$379
24 years$1,789$1,380$1,052$794$594$331
25 years$1,699$1,295$974$725$534$289
26 years$1,616$1,217$904$663$481$252
27 years$1,540$1,145$839$607$434$221
28 years$1,469$1,079$780$556$392$193
29 years$1,403$1,018$726$510$354$169
30 years$1,341$962$676$468$319$148
31 years$1,284$909$630$430$289$129
32 years$1,230$860$588$395$261$113
33 years$1,180$815$549$363$236$99
34 years$1,133$772$513$334$214$87
35 years$1,089$732$480$308$194$76
36 years$1,047$695$449$283$176$67
37 years$1,007$660$420$261$159$59
38 years$970$627$393$241$144$51
39 years$934$597$369$222$131$45
40 years$901$568$345$205$119$40
41 years$869$540$324$189$108$35
42 years$839$515$304$174$98$31
43 years$810$490$285$161$89$27
44 years$783$467$268$148$81$23
45 years$757$446$251$137$73$21
46 years$732$425$236$127$66$18
47 years$708$406$222$117$60$16
48 years$686$387$208$108$55$14
49 years$664$370$196$100$50$12
50 years$643$353$184$92$45$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $659,000, adding $4,634 every year, while hoping to spend $47,083 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: 57/17/26 Blend
56$659,000$659,000$659,000$659,000
57$730,998$696,071$685,856$767,237
58$755,464$680,083$658,737$776,592
59$780,847$661,733$629,130$781,427
60$807,192$640,856$596,905$785,715
61$834,545$617,277$561,920$789,417
62$862,956$590,811$524,032$792,493
63$892,478$561,262$483,088$794,900
64$923,169$528,422$438,930$796,594
65$955,090$492,072$391,391$797,531
66$988,306$451,980$340,300$797,665
67$1,022,888$407,902$285,474$796,946
68$1,058,910$359,577$226,726$795,327
69$1,096,456$306,733$163,858$792,755
70$1,135,611$249,080$96,664$789,180
71$1,176,471$186,312$24,929$784,549
72$1,219,137$118,107$0$778,807
73$1,263,718$44,124$0$786,223
74$1,310,335$0$0$800,730
75$1,359,114$0$0$822,152
76$1,410,195$0$0$853,244
77$1,463,728$0$0$885,845
78$1,519,878$0$0$920,057
79$1,578,820$0$0$955,990
80$1,640,748$0$0$993,764
81$1,705,870$0$0$1,033,509
82$1,774,415$0$0$1,075,367
83$1,846,629$0$0$1,119,492
84$1,922,783$0$0$1,166,053
85$2,003,169$0$0$1,215,233
86$2,088,110$0$0$1,267,232
87$2,177,954$0$0$1,322,268
88$2,273,083$0$0$1,380,580
89$2,373,914$0$0$1,442,428
90$2,480,903$0$0$1,508,097
91$2,594,547$0$0$1,577,899
92$2,715,392$0$0$1,652,173
93$2,844,033$0$0$1,731,293
94$2,981,123$0$0$1,815,668
95$3,127,377$0$0$1,905,743
96$3,283,577$0$0$2,002,010
97$3,450,582$0$0$2,105,006
98$3,629,332$0$0$2,215,319
99$3,820,858$0$0$2,333,595
100$4,026,292$0$0$2,460,544