Can I retire at age 57 with 660,000?

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 $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%19.9%
1 years$54,502$54,017$53,543$53,081$52,629$50,541
2 years$26,981$26,479$25,992$25,520$25,062$22,984
3 years$17,809$17,304$16,818$16,351$15,900$13,898
4 years$13,224$12,720$12,239$11,780$11,340$9,429
5 years$10,473$9,973$9,498$9,048$8,621$6,805
6 years$8,640$8,144$7,676$7,236$6,821$5,103
7 years$7,331$6,839$6,379$5,949$5,547$3,925
8 years$6,350$5,862$5,410$4,990$4,602$3,075
9 years$5,587$5,104$4,659$4,251$3,876$2,440
10 years$4,977$4,499$4,062$3,664$3,302$1,957
11 years$4,479$4,005$3,576$3,189$2,840$1,581
12 years$4,064$3,595$3,174$2,797$2,461$1,285
13 years$3,713$3,249$2,836$2,469$2,146$1,049
14 years$3,412$2,953$2,548$2,192$1,881$860
15 years$3,152$2,698$2,300$1,955$1,656$708
16 years$2,924$2,475$2,086$1,750$1,464$583
17 years$2,723$2,279$1,898$1,573$1,298$482
18 years$2,545$2,106$1,732$1,417$1,154$399
19 years$2,386$1,952$1,586$1,281$1,029$330
20 years$2,243$1,814$1,456$1,160$919$274
21 years$2,114$1,690$1,339$1,053$822$228
22 years$1,996$1,577$1,234$957$737$189
23 years$1,889$1,475$1,139$872$662$157
24 years$1,792$1,382$1,054$795$595$131
25 years$1,702$1,297$976$726$535$109
26 years$1,619$1,219$905$664$482$91
27 years$1,542$1,147$840$608$435$75
28 years$1,471$1,081$781$557$392$63
29 years$1,405$1,020$727$511$354$52
30 years$1,343$963$677$469$320$44
31 years$1,286$910$631$430$289$36
32 years$1,232$861$589$395$262$30
33 years$1,182$816$550$364$237$25
34 years$1,135$773$514$335$214$21
35 years$1,090$733$480$308$194$18
36 years$1,048$696$449$284$176$15
37 years$1,009$661$421$261$159$12
38 years$971$628$394$241$145$10
39 years$936$597$369$222$131$8
40 years$902$568$346$205$119$7
41 years$871$541$324$189$108$6
42 years$840$515$304$174$98$5
43 years$812$491$286$161$89$4
44 years$784$468$268$149$81$3
45 years$758$446$252$137$73$3
46 years$733$426$236$127$66$2
47 years$710$406$222$117$60$2
48 years$687$388$209$108$55$2
49 years$665$370$196$100$50$1
50 years$644$354$184$93$45$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $660,000, adding $6,846 every year, while hoping to spend $45,429 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: 67/26/7 Blend
56$660,000$660,000$660,000$660,000
57$734,382$699,402$689,172$782,247
58$760,952$685,336$663,923$800,824
59$788,711$669,059$636,306$815,009
60$817,730$650,414$606,193$829,302
61$848,089$629,235$573,451$843,708
62$879,874$605,347$537,941$858,231
63$913,177$578,565$499,518$872,880
64$948,100$548,693$458,030$887,664
65$984,750$515,522$413,318$902,595
66$1,023,246$478,835$365,216$917,691
67$1,063,718$438,399$313,552$932,970
68$1,106,306$393,969$258,144$948,455
69$1,151,161$345,285$198,804$964,176
70$1,198,449$292,074$135,334$980,165
71$1,248,352$234,047$67,529$996,463
72$1,301,067$170,898$0$1,013,116
73$1,356,808$102,304$0$1,030,541
74$1,415,810$27,924$0$1,053,845
75$1,478,329$0$0$1,078,070
76$1,544,645$0$0$1,118,370
77$1,615,065$0$0$1,169,668
78$1,689,923$0$0$1,224,220
79$1,769,586$0$0$1,282,298
80$1,854,454$0$0$1,344,195
81$1,944,965$0$0$1,410,235
82$2,041,602$0$0$1,480,773
83$2,144,891$0$0$1,556,196
84$2,255,409$0$0$1,636,931
85$2,373,789$0$0$1,723,444
86$2,500,727$0$0$1,816,246
87$2,636,984$0$0$1,915,901
88$2,783,396$0$0$2,023,024
89$2,940,882$0$0$2,138,292
90$3,110,449$0$0$2,262,448
91$3,293,204$0$0$2,396,308
92$3,490,363$0$0$2,540,770
93$3,703,262$0$0$2,696,818
94$3,933,369$0$0$2,865,536
95$4,182,296$0$0$3,048,112
96$4,451,817$0$0$3,245,854
97$4,743,881$0$0$3,460,202
98$5,060,632$0$0$3,692,737
99$5,404,427$0$0$3,945,197
100$5,777,859$0$0$4,219,496