Can I retire at age 57 with 660,000?

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 $660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$54,502$54,017$53,543$53,081$52,629$52,210
2 years$26,981$26,479$25,992$25,520$25,062$24,639
3 years$17,809$17,304$16,818$16,351$15,900$15,487
4 years$13,224$12,720$12,239$11,780$11,340$10,940
5 years$10,473$9,973$9,498$9,048$8,621$8,235
6 years$8,640$8,144$7,676$7,236$6,821$6,450
7 years$7,331$6,839$6,379$5,949$5,547$5,191
8 years$6,350$5,862$5,410$4,990$4,602$4,260
9 years$5,587$5,104$4,659$4,251$3,876$3,549
10 years$4,977$4,499$4,062$3,664$3,302$2,990
11 years$4,479$4,005$3,576$3,189$2,840$2,542
12 years$4,064$3,595$3,174$2,797$2,461$2,177
13 years$3,713$3,249$2,836$2,469$2,146$1,875
14 years$3,412$2,953$2,548$2,192$1,881$1,624
15 years$3,152$2,698$2,300$1,955$1,656$1,412
16 years$2,924$2,475$2,086$1,750$1,464$1,232
17 years$2,723$2,279$1,898$1,573$1,298$1,078
18 years$2,545$2,106$1,732$1,417$1,154$946
19 years$2,386$1,952$1,586$1,281$1,029$832
20 years$2,243$1,814$1,456$1,160$919$733
21 years$2,114$1,690$1,339$1,053$822$647
22 years$1,996$1,577$1,234$957$737$572
23 years$1,889$1,475$1,139$872$662$506
24 years$1,792$1,382$1,054$795$595$448
25 years$1,702$1,297$976$726$535$398
26 years$1,619$1,219$905$664$482$353
27 years$1,542$1,147$840$608$435$314
28 years$1,471$1,081$781$557$392$279
29 years$1,405$1,020$727$511$354$248
30 years$1,343$963$677$469$320$221
31 years$1,286$910$631$430$289$196
32 years$1,232$861$589$395$262$175
33 years$1,182$816$550$364$237$156
34 years$1,135$773$514$335$214$139
35 years$1,090$733$480$308$194$124
36 years$1,048$696$449$284$176$110
37 years$1,009$661$421$261$159$98
38 years$971$628$394$241$145$88
39 years$936$597$369$222$131$78
40 years$902$568$346$205$119$70
41 years$871$541$324$189$108$62
42 years$840$515$304$174$98$56
43 years$812$491$286$161$89$50
44 years$784$468$268$149$81$44
45 years$758$446$252$137$73$40
46 years$733$426$236$127$66$35
47 years$710$406$222$117$60$32
48 years$687$388$209$108$55$28
49 years$665$370$196$100$50$25
50 years$644$354$184$93$45$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $660,000, adding $6,258 every year, while hoping to spend $20,247 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: 48/31/21 Blend
56$660,000$660,000$660,000$660,000
57$733,775$698,795$688,565$764,362
58$787,078$711,493$690,089$799,010
59$845,138$724,135$690,986$834,076
60$908,421$736,697$691,213$871,734
61$977,437$749,152$690,725$912,236
62$1,052,747$761,472$689,477$955,861
63$1,134,971$773,628$687,418$1,002,915
64$1,224,790$785,587$684,498$1,053,737
65$1,322,952$797,315$680,662$1,108,701
66$1,430,284$808,774$675,856$1,168,218
67$1,547,695$819,925$670,018$1,232,745
68$1,676,183$830,726$663,088$1,302,782
69$1,816,853$841,130$655,000$1,378,884
70$1,970,916$851,090$645,686$1,461,663
71$2,139,709$860,553$635,077$1,551,793
72$2,324,704$869,464$623,096$1,650,017
73$2,527,520$877,764$609,666$1,757,158
74$2,749,943$885,391$594,706$1,874,121
75$2,993,939$892,276$578,130$2,001,906
76$3,261,672$898,350$559,849$2,141,615
77$3,555,529$903,534$539,770$2,294,466
78$3,878,135$907,750$517,795$2,461,801
79$4,232,385$910,911$493,821$2,645,099
80$4,621,468$912,924$467,743$2,845,996
81$5,048,894$913,694$439,449$3,066,293
82$5,518,533$913,117$408,823$3,307,977
83$6,034,647$911,083$375,742$3,573,241
84$6,601,931$907,476$340,079$3,864,503
85$7,225,557$902,172$301,701$4,184,431
86$7,911,226$895,041$260,470$4,535,966
87$8,665,217$885,943$216,241$4,922,354
88$9,494,446$874,731$168,862$5,347,173
89$10,406,535$861,249$118,175$5,814,369
90$11,409,883$845,331$64,016$6,328,296
91$12,513,742$826,803$6,211$6,893,753
92$13,728,306$805,479$0$7,516,033
93$15,064,808$781,162$0$8,213,404
94$16,535,624$753,644$0$8,982,165
95$18,154,390$722,706$0$9,828,064
96$19,936,132$688,113$0$10,758,974
97$21,897,408$649,620$0$11,783,571
98$24,056,458$606,967$0$12,911,420
99$26,433,386$559,877$0$14,153,064
100$29,050,340$508,059$0$15,520,125