Can I retire at age 57 with 662,000?

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 $662,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$54,667$54,180$53,705$53,242$52,789$51,140
2 years$27,063$26,559$26,071$25,597$25,138$23,491
3 years$17,863$17,357$16,869$16,400$15,948$14,356
4 years$13,264$12,759$12,277$11,815$11,374$9,848
5 years$10,505$10,003$9,527$9,075$8,647$7,191
6 years$8,666$8,168$7,699$7,258$6,842$5,457
7 years$7,353$6,860$6,398$5,967$5,564$4,251
8 years$6,369$5,880$5,426$5,005$4,616$3,374
9 years$5,604$5,120$4,674$4,264$3,887$2,714
10 years$4,993$4,513$4,075$3,675$3,312$2,207
11 years$4,492$4,017$3,587$3,199$2,849$1,808
12 years$4,076$3,606$3,183$2,806$2,469$1,492
13 years$3,724$3,259$2,844$2,477$2,153$1,237
14 years$3,422$2,962$2,556$2,199$1,887$1,030
15 years$3,161$2,706$2,307$1,961$1,661$860
16 years$2,933$2,483$2,092$1,756$1,468$720
17 years$2,732$2,286$1,904$1,578$1,302$605
18 years$2,553$2,113$1,738$1,422$1,158$509
19 years$2,393$1,958$1,591$1,285$1,032$429
20 years$2,250$1,819$1,460$1,163$922$362
21 years$2,120$1,695$1,343$1,056$825$305
22 years$2,003$1,582$1,238$960$739$258
23 years$1,895$1,480$1,143$874$664$218
24 years$1,797$1,386$1,057$797$597$185
25 years$1,707$1,301$979$728$537$157
26 years$1,624$1,223$908$666$483$133
27 years$1,547$1,151$843$610$436$112
28 years$1,475$1,084$784$558$393$95
29 years$1,409$1,023$729$512$355$81
30 years$1,348$966$679$470$321$69
31 years$1,290$913$633$432$290$58
32 years$1,236$864$591$397$262$49
33 years$1,186$818$552$365$238$42
34 years$1,138$776$515$336$215$36
35 years$1,093$736$482$309$195$30
36 years$1,051$698$451$285$176$26
37 years$1,012$663$422$262$160$22
38 years$974$630$395$242$145$19
39 years$939$599$370$223$131$16
40 years$905$570$347$206$119$13
41 years$873$543$325$190$108$11
42 years$843$517$305$175$98$10
43 years$814$492$286$162$89$8
44 years$787$469$269$149$81$7
45 years$760$448$252$138$73$6
46 years$735$427$237$127$67$5
47 years$712$408$223$118$61$4
48 years$689$389$209$109$55$4
49 years$667$372$197$100$50$3
50 years$646$355$185$93$45$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $662,000, adding $3,232 every year, while hoping to spend $42,937 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: 24/46/30 Blend
56$662,000$662,000$662,000$662,000
57$732,858$697,772$687,511$743,502
58$761,925$686,278$664,858$741,417
59$792,517$672,782$640,007$735,373
60$824,746$657,140$612,839$728,010
61$858,731$639,201$583,230$719,249
62$894,603$618,803$551,049$709,006
63$932,504$595,777$516,162$697,195
64$972,592$569,941$478,425$683,727
65$1,015,034$541,107$437,691$668,507
66$1,060,018$509,071$393,804$651,441
67$1,107,746$473,622$346,602$632,429
68$1,158,440$434,533$295,917$611,368
69$1,212,342$391,567$241,571$588,153
70$1,269,718$344,471$183,381$562,676
71$1,330,859$292,979$121,154$534,825
72$1,396,082$236,810$54,688$504,487
73$1,465,736$175,668$0$471,546
74$1,540,204$109,239$0$441,082
75$1,619,904$37,190$0$426,797
76$1,705,295$0$0$411,118
77$1,796,881$0$0$414,666
78$1,895,214$0$0$438,765
79$2,000,902$0$0$464,749
80$2,114,609$0$0$492,792
81$2,237,068$0$0$523,086
82$2,369,081$0$0$555,841
83$2,511,529$0$0$591,288
84$2,665,383$0$0$629,680
85$2,831,707$0$0$671,299
86$3,011,671$0$0$716,451
87$3,206,562$0$0$765,473
88$3,417,794$0$0$818,738
89$3,646,923$0$0$876,654
90$3,895,660$0$0$939,672
91$4,165,885$0$0$1,008,285
92$4,459,669$0$0$1,083,040
93$4,779,287$0$0$1,164,534
94$5,127,246$0$0$1,253,428
95$5,506,302$0$0$1,350,448
96$5,919,488$0$0$1,456,393
97$6,370,142$0$0$1,572,142
98$6,861,939$0$0$1,698,665
99$7,398,924$0$0$1,837,027
100$7,985,549$0$0$1,988,403