Can I retire at age 57 with 661,000?

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 $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%12.2%
1 years$54,585$54,099$53,624$53,161$52,709$52,224
2 years$27,022$26,519$26,031$25,558$25,100$24,611
3 years$17,836$17,330$16,844$16,375$15,924$15,447
4 years$13,244$12,740$12,258$11,798$11,357$10,895
5 years$10,489$9,988$9,513$9,062$8,634$8,188
6 years$8,653$8,156$7,688$7,247$6,831$6,403
7 years$7,342$6,849$6,389$5,958$5,556$5,145
8 years$6,360$5,871$5,418$4,998$4,609$4,215
9 years$5,596$5,112$4,666$4,257$3,882$3,505
10 years$4,985$4,506$4,068$3,670$3,307$2,947
11 years$4,486$4,011$3,582$3,194$2,844$2,501
12 years$4,070$3,600$3,179$2,801$2,465$2,138
13 years$3,718$3,254$2,840$2,473$2,149$1,838
14 years$3,417$2,958$2,552$2,195$1,884$1,589
15 years$3,156$2,702$2,304$1,958$1,659$1,378
16 years$2,928$2,479$2,089$1,753$1,466$1,200
17 years$2,728$2,283$1,901$1,575$1,300$1,048
18 years$2,549$2,109$1,735$1,420$1,156$918
19 years$2,390$1,955$1,588$1,283$1,030$806
20 years$2,247$1,817$1,458$1,162$920$708
21 years$2,117$1,692$1,341$1,054$824$624
22 years$2,000$1,580$1,236$959$738$550
23 years$1,892$1,477$1,141$873$663$486
24 years$1,794$1,384$1,055$796$596$429
25 years$1,704$1,299$977$727$536$380
26 years$1,621$1,221$906$665$483$336
27 years$1,544$1,149$842$609$435$298
28 years$1,473$1,083$783$558$393$264
29 years$1,407$1,021$728$511$355$234
30 years$1,346$965$678$469$320$208
31 years$1,288$912$632$431$290$185
32 years$1,234$863$590$396$262$164
33 years$1,184$817$551$364$237$146
34 years$1,136$774$515$335$215$130
35 years$1,092$735$481$309$194$115
36 years$1,050$697$450$284$176$103
37 years$1,010$662$421$262$160$91
38 years$973$629$395$241$145$81
39 years$937$598$370$222$131$72
40 years$904$569$346$205$119$64
41 years$872$542$325$189$108$57
42 years$842$516$305$175$98$51
43 years$813$492$286$161$89$45
44 years$785$469$268$149$81$40
45 years$759$447$252$138$73$36
46 years$734$426$237$127$67$32
47 years$711$407$222$117$60$29
48 years$688$388$209$108$55$25
49 years$666$371$196$100$50$23
50 years$645$354$185$93$45$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $661,000, adding $2,027 every year, while hoping to spend $41,465 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: 56/39/5 Blend
56$661,000$661,000$661,000$661,000
57$730,513$695,480$685,234$770,588
58$760,907$685,440$664,071$787,744
59$793,011$673,518$640,809$801,585
60$826,956$659,579$615,335$815,626
61$862,886$643,478$587,528$829,890
62$900,954$625,063$557,265$844,404
63$941,333$604,172$524,414$859,201
64$984,207$580,635$488,841$874,318
65$1,029,781$554,270$450,401$889,801
66$1,078,276$524,887$408,947$905,700
67$1,129,937$492,283$364,323$922,075
68$1,185,030$456,244$316,368$938,995
69$1,243,847$416,545$264,910$956,539
70$1,306,709$372,945$209,774$974,798
71$1,373,966$325,192$150,775$993,877
72$1,446,004$273,020$87,719$1,013,892
73$1,523,245$216,146$20,406$1,034,980
74$1,606,151$154,272$0$1,057,293
75$1,695,230$87,084$0$1,083,748
76$1,791,042$14,249$0$1,113,140
77$1,894,197$0$0$1,144,611
78$2,005,369$0$0$1,206,144
79$2,125,297$0$0$1,279,164
80$2,254,791$0$0$1,358,057
81$2,394,745$0$0$1,443,372
82$2,546,137$0$0$1,535,714
83$2,710,047$0$0$1,635,745
84$2,887,657$0$0$1,744,197
85$3,080,271$0$0$1,861,871
86$3,289,321$0$0$1,989,651
87$3,516,382$0$0$2,128,507
88$3,763,187$0$0$2,279,507
89$4,031,643$0$0$2,443,827
90$4,323,846$0$0$2,622,760
91$4,642,105$0$0$2,817,728
92$4,988,959$0$0$3,030,298
93$5,367,203$0$0$3,262,192
94$5,779,912$0$0$3,515,308
95$6,230,474$0$0$3,791,734
96$6,722,615$0$0$4,093,767
97$7,260,438$0$0$4,423,940
98$7,848,460$0$0$4,785,037
99$8,491,656$0$0$5,180,126
100$9,195,502$0$0$5,612,585