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%15%
1 years$54,420$53,935$53,462$53,000$52,550$51,468
2 years$26,940$26,439$25,952$25,481$25,024$23,938
3 years$17,782$17,278$16,793$16,326$15,876$14,821
4 years$13,203$12,701$12,221$11,762$11,323$10,307
5 years$10,457$9,958$9,484$9,034$8,607$7,633
6 years$8,627$8,131$7,664$7,225$6,811$5,879
7 years$7,320$6,829$6,369$5,940$5,539$4,651
8 years$6,340$5,853$5,402$4,983$4,595$3,749
9 years$5,579$5,096$4,652$4,244$3,870$3,066
10 years$4,970$4,492$4,056$3,659$3,297$2,535
11 years$4,472$3,999$3,571$3,184$2,836$2,114
12 years$4,058$3,589$3,169$2,793$2,457$1,775
13 years$3,707$3,244$2,831$2,466$2,143$1,498
14 years$3,407$2,949$2,544$2,189$1,878$1,271
15 years$3,147$2,694$2,297$1,952$1,654$1,082
16 years$2,920$2,471$2,082$1,748$1,462$924
17 years$2,719$2,276$1,895$1,570$1,296$791
18 years$2,542$2,103$1,730$1,415$1,152$679
19 years$2,383$1,949$1,584$1,279$1,027$583
20 years$2,240$1,811$1,453$1,158$917$502
21 years$2,111$1,687$1,337$1,051$821$433
22 years$1,993$1,575$1,232$956$736$374
23 years$1,887$1,473$1,138$870$661$323
24 years$1,789$1,380$1,052$794$594$279
25 years$1,699$1,295$974$725$534$242
26 years$1,616$1,217$904$663$481$209
27 years$1,540$1,145$839$607$434$181
28 years$1,469$1,079$780$556$392$157
29 years$1,403$1,018$726$510$354$136
30 years$1,341$962$676$468$319$118
31 years$1,284$909$630$430$289$103
32 years$1,230$860$588$395$261$89
33 years$1,180$815$549$363$236$77
34 years$1,133$772$513$334$214$67
35 years$1,089$732$480$308$194$58
36 years$1,047$695$449$283$176$51
37 years$1,007$660$420$261$159$44
38 years$970$627$393$241$144$38
39 years$934$597$369$222$131$33
40 years$901$568$345$205$119$29
41 years$869$540$324$189$108$25
42 years$839$515$304$174$98$22
43 years$810$490$285$161$89$19
44 years$783$467$268$148$81$17
45 years$757$446$251$137$73$14
46 years$732$425$236$127$66$12
47 years$708$406$222$117$60$11
48 years$686$387$208$108$55$9
49 years$664$370$196$100$50$8
50 years$643$353$184$92$45$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $659,000, adding $4,314 every year, while hoping to spend $24,215 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: 50/21/29 Blend
56$659,000$659,000$659,000$659,000
57$730,668$695,741$685,526$761,009
58$779,431$704,068$682,727$791,019
59$832,357$711,991$679,022$820,873
60$889,844$719,465$674,356$852,856
61$952,332$726,442$668,670$887,181
62$1,020,302$732,870$661,903$924,084
63$1,094,287$738,694$653,991$963,826
64$1,174,870$743,856$644,865$1,006,697
65$1,262,695$748,294$634,457$1,053,016
66$1,358,470$751,940$622,691$1,103,136
67$1,462,973$754,725$609,491$1,157,449
68$1,577,064$756,574$594,776$1,216,386
69$1,701,685$757,406$578,461$1,280,424
70$1,837,875$757,138$560,458$1,350,091
71$1,986,780$755,679$540,675$1,425,970
72$2,149,658$752,934$519,014$1,508,706
73$2,327,897$748,801$495,375$1,599,009
74$2,523,024$743,174$469,651$1,697,666
75$2,736,721$735,938$441,733$1,805,546
76$2,970,839$726,972$411,505$1,923,608
77$3,227,420$716,149$378,845$2,052,912
78$3,508,709$703,332$343,629$2,194,628
79$3,817,180$688,378$305,723$2,350,048
80$4,155,559$671,135$264,991$2,520,599
81$4,526,847$651,442$221,289$2,707,856
82$4,934,349$629,127$174,466$2,913,558
83$5,381,709$604,010$124,367$3,139,626
84$5,872,937$575,900$70,827$3,388,179
85$6,412,453$544,595$13,676$3,661,556
86$7,005,124$509,881$0$3,962,339
87$7,656,313$471,532$0$4,308,018
88$8,371,929$429,309$0$4,692,564
89$9,158,480$382,960$0$5,115,273
90$10,023,137$332,216$0$5,580,035
91$10,973,798$276,796$0$6,091,140
92$12,019,169$216,403$0$6,653,319
93$13,168,838$150,720$0$7,271,785
94$14,433,371$79,417$0$7,952,285
95$15,824,406$2,140$0$8,701,155
96$17,354,771$0$0$9,525,381
97$19,038,596$0$0$10,451,490
98$20,891,450$0$0$11,471,191
99$22,930,489$0$0$12,593,442
100$25,174,616$0$0$13,828,656