Can I retire at age 57 with 661,000?

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 $661,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$54,585$54,099$53,624$53,161$52,709$50,718
2 years$27,022$26,519$26,031$25,558$25,100$23,117
3 years$17,836$17,330$16,844$16,375$15,924$14,012
4 years$13,244$12,740$12,258$11,798$11,357$9,530
5 years$10,489$9,988$9,513$9,062$8,634$6,896
6 years$8,653$8,156$7,688$7,247$6,831$5,185
7 years$7,342$6,849$6,389$5,958$5,556$4,000
8 years$6,360$5,871$5,418$4,998$4,609$3,143
9 years$5,596$5,112$4,666$4,257$3,882$2,502
10 years$4,985$4,506$4,068$3,670$3,307$2,013
11 years$4,486$4,011$3,582$3,194$2,844$1,631
12 years$4,070$3,600$3,179$2,801$2,465$1,330
13 years$3,718$3,254$2,840$2,473$2,149$1,090
14 years$3,417$2,958$2,552$2,195$1,884$897
15 years$3,156$2,702$2,304$1,958$1,659$740
16 years$2,928$2,479$2,089$1,753$1,466$613
17 years$2,728$2,283$1,901$1,575$1,300$508
18 years$2,549$2,109$1,735$1,420$1,156$422
19 years$2,390$1,955$1,588$1,283$1,030$351
20 years$2,247$1,817$1,458$1,162$920$292
21 years$2,117$1,692$1,341$1,054$824$243
22 years$2,000$1,580$1,236$959$738$203
23 years$1,892$1,477$1,141$873$663$170
24 years$1,794$1,384$1,055$796$596$142
25 years$1,704$1,299$977$727$536$118
26 years$1,621$1,221$906$665$483$99
27 years$1,544$1,149$842$609$435$83
28 years$1,473$1,083$783$558$393$69
29 years$1,407$1,021$728$511$355$58
30 years$1,346$965$678$469$320$48
31 years$1,288$912$632$431$290$41
32 years$1,234$863$590$396$262$34
33 years$1,184$817$551$364$237$28
34 years$1,136$774$515$335$215$24
35 years$1,092$735$481$309$194$20
36 years$1,050$697$450$284$176$17
37 years$1,010$662$421$262$160$14
38 years$973$629$395$241$145$12
39 years$937$598$370$222$131$10
40 years$904$569$346$205$119$8
41 years$872$542$325$189$108$7
42 years$842$516$305$175$98$6
43 years$813$492$286$161$89$5
44 years$785$469$268$149$81$4
45 years$759$447$252$138$73$3
46 years$734$426$237$127$67$3
47 years$711$407$222$117$60$2
48 years$688$388$209$108$55$2
49 years$666$371$196$100$50$2
50 years$645$354$185$93$45$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $661,000, adding $6,394 every year, while hoping to spend $32,546 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: 52/22/26 Blend
56$661,000$661,000$661,000$661,000
57$735,017$699,984$689,739$767,598
58$775,360$699,655$678,216$790,534
59$818,728$698,219$665,217$811,640
60$865,393$695,587$650,657$833,943
61$915,658$691,665$634,449$857,571
62$969,853$686,354$616,501$882,665
63$1,028,341$679,548$596,716$909,383
64$1,091,520$671,135$574,995$937,902
65$1,159,830$660,996$551,232$968,416
66$1,233,753$649,004$525,318$1,001,144
67$1,313,817$635,027$497,138$1,036,328
68$1,400,606$618,923$466,572$1,074,236
69$1,494,761$600,543$433,495$1,115,168
70$1,596,984$579,727$397,775$1,159,455
71$1,708,052$556,309$359,276$1,207,467
72$1,828,816$530,111$317,854$1,259,612
73$1,960,214$500,946$273,361$1,316,344
74$2,103,278$468,614$225,641$1,378,167
75$2,259,143$432,907$174,530$1,445,639
76$2,429,058$393,602$119,860$1,519,380
77$2,614,398$350,464$61,451$1,600,075
78$2,816,676$303,247$0$1,688,485
79$3,037,558$251,687$0$1,785,697
80$3,278,879$195,509$0$1,910,608
81$3,542,655$134,420$0$2,047,241
82$3,831,111$68,111$0$2,196,798
83$4,146,693$0$0$2,360,606
84$4,492,096$0$0$2,541,036
85$4,870,287$0$0$2,756,711
86$5,284,534$0$0$2,993,015
87$5,738,434$0$0$3,252,008
88$6,235,950$0$0$3,535,960
89$6,781,448$0$0$3,847,371
90$7,379,733$0$0$4,188,994
91$8,036,100$0$0$4,563,863
92$8,756,381$0$0$4,975,317
93$9,547,000$0$0$5,427,036
94$10,415,033$0$0$5,923,074
95$11,368,273$0$0$6,467,897
96$12,415,307$0$0$7,066,422
97$13,565,594$0$0$7,724,069
98$14,829,554$0$0$8,446,807
99$16,218,666$0$0$9,241,214
100$17,745,578$0$0$10,114,534