Can I retire at age 57 with 663,000?

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 $663,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$54,750$54,262$53,786$53,322$52,869$51,886
2 years$27,104$26,599$26,110$25,636$25,176$24,189
3 years$17,890$17,383$16,895$16,425$15,972$15,013
4 years$13,284$12,778$12,295$11,833$11,392$10,467
5 years$10,521$10,018$9,542$9,089$8,660$7,772
6 years$8,679$8,181$7,711$7,269$6,852$6,003
7 years$7,365$6,870$6,408$5,976$5,573$4,761
8 years$6,379$5,889$5,434$5,013$4,623$3,850
9 years$5,613$5,127$4,681$4,270$3,893$3,158
10 years$5,000$4,520$4,081$3,681$3,317$2,619
11 years$4,499$4,023$3,593$3,203$2,853$2,190
12 years$4,082$3,611$3,188$2,810$2,472$1,845
13 years$3,729$3,264$2,849$2,481$2,156$1,563
14 years$3,427$2,966$2,559$2,202$1,890$1,330
15 years$3,166$2,710$2,311$1,964$1,664$1,136
16 years$2,937$2,486$2,095$1,758$1,471$974
17 years$2,736$2,290$1,906$1,580$1,304$837
18 years$2,557$2,116$1,740$1,424$1,159$721
19 years$2,397$1,961$1,593$1,287$1,033$622
20 years$2,253$1,822$1,462$1,165$923$537
21 years$2,123$1,697$1,345$1,057$826$465
22 years$2,006$1,584$1,240$962$740$403
23 years$1,898$1,482$1,144$876$665$350
24 years$1,800$1,388$1,058$799$597$304
25 years$1,709$1,303$980$729$538$264
26 years$1,626$1,225$909$667$484$229
27 years$1,549$1,152$844$610$437$200
28 years$1,478$1,086$785$559$394$174
29 years$1,411$1,024$730$513$356$151
30 years$1,350$968$680$471$321$132
31 years$1,292$915$634$432$291$115
32 years$1,238$865$592$397$263$100
33 years$1,187$820$553$365$238$87
34 years$1,140$777$516$336$215$76
35 years$1,095$737$483$309$195$66
36 years$1,053$699$452$285$177$58
37 years$1,013$664$423$263$160$51
38 years$976$631$396$242$145$44
39 years$940$600$371$223$132$38
40 years$906$571$348$206$119$34
41 years$874$544$326$190$108$29
42 years$844$518$306$175$98$26
43 years$815$493$287$162$89$22
44 years$788$470$269$149$81$20
45 years$762$448$253$138$74$17
46 years$737$428$237$127$67$15
47 years$713$408$223$118$61$13
48 years$690$390$210$109$55$11
49 years$668$372$197$101$50$10
50 years$647$355$185$93$45$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $663,000, adding $3,777 every year, while hoping to spend $35,141 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: 41/43/16 Blend
56$663,000$663,000$663,000$663,000
57$734,522$699,383$689,106$761,027
58$772,053$696,263$674,802$777,030
59$812,235$691,812$658,840$790,618
60$855,301$685,929$641,129$804,576
61$901,506$678,504$621,571$818,955
62$951,132$669,422$600,066$833,812
63$1,004,486$658,562$576,506$849,215
64$1,061,906$645,795$550,782$865,240
65$1,123,765$630,984$522,778$881,974
66$1,190,470$613,983$492,372$899,517
67$1,262,470$594,640$459,438$917,980
68$1,340,257$572,792$423,844$937,491
69$1,424,371$548,267$385,452$958,194
70$1,515,409$520,884$344,117$980,253
71$1,614,024$490,451$299,688$1,003,852
72$1,720,935$456,764$252,008$1,029,197
73$1,836,933$419,608$200,912$1,056,522
74$1,962,888$378,755$146,230$1,086,089
75$2,099,755$333,967$87,781$1,118,192
76$2,248,587$284,988$25,379$1,153,162
77$2,410,541$231,551$0$1,191,369
78$2,586,892$173,373$0$1,240,261
79$2,779,040$110,154$0$1,298,349
80$2,988,529$41,578$0$1,361,848
81$3,217,056$0$0$1,431,376
82$3,466,488$0$0$1,523,083
83$3,738,883$0$0$1,644,798
84$4,036,506$0$0$1,777,867
85$4,361,848$0$0$1,923,417
86$4,717,653$0$0$2,082,686
87$5,106,945$0$0$2,257,037
88$5,533,048$0$0$2,447,972
89$5,999,628$0$0$2,657,145
90$6,510,719$0$0$2,886,377
91$7,070,763$0$0$3,137,675
92$7,684,655$0$0$3,413,247
93$8,357,783$0$0$3,715,526
94$9,096,082$0$0$4,047,193
95$9,906,091$0$0$4,411,199
96$10,795,010$0$0$4,810,796
97$11,770,772$0$0$5,249,567
98$12,842,113$0$0$5,731,456
99$14,018,659$0$0$6,260,811
100$15,311,013$0$0$6,842,420