Can I retire at age 57 with 664,000?

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 $664,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$54,832$54,344$53,868$53,402$52,948$50,868
2 years$27,145$26,639$26,149$25,674$25,213$23,143
3 years$17,917$17,409$16,920$16,450$15,996$14,001
4 years$13,304$12,797$12,314$11,851$11,409$9,503
5 years$10,537$10,033$9,556$9,103$8,673$6,863
6 years$8,692$8,193$7,723$7,280$6,862$5,149
7 years$7,376$6,880$6,418$5,985$5,581$3,963
8 years$6,389$5,898$5,443$5,021$4,630$3,106
9 years$5,621$5,135$4,688$4,276$3,899$2,467
10 years$5,008$4,526$4,087$3,686$3,322$1,979
11 years$4,506$4,030$3,598$3,208$2,857$1,600
12 years$4,088$3,617$3,193$2,814$2,476$1,301
13 years$3,735$3,268$2,853$2,484$2,159$1,064
14 years$3,433$2,971$2,563$2,205$1,893$873
15 years$3,171$2,714$2,314$1,967$1,666$718
16 years$2,942$2,490$2,098$1,761$1,473$592
17 years$2,740$2,293$1,909$1,582$1,306$490
18 years$2,561$2,119$1,743$1,426$1,161$406
19 years$2,401$1,964$1,596$1,288$1,035$336
20 years$2,257$1,825$1,464$1,167$924$279
21 years$2,127$1,700$1,347$1,059$827$232
22 years$2,009$1,587$1,241$963$742$193
23 years$1,901$1,484$1,146$877$666$160
24 years$1,802$1,390$1,060$800$598$134
25 years$1,712$1,305$982$730$538$111
26 years$1,628$1,226$911$668$485$93
27 years$1,551$1,154$846$611$437$77
28 years$1,480$1,088$786$560$395$64
29 years$1,413$1,026$732$514$356$54
30 years$1,352$969$681$471$322$45
31 years$1,294$916$635$433$291$37
32 years$1,240$867$593$398$263$31
33 years$1,189$821$553$366$238$26
34 years$1,142$778$517$337$216$22
35 years$1,097$738$483$310$195$18
36 years$1,055$700$452$285$177$15
37 years$1,015$665$423$263$160$13
38 years$977$632$396$242$145$11
39 years$942$601$371$223$132$9
40 years$908$572$348$206$120$7
41 years$876$544$326$190$109$6
42 years$845$518$306$176$98$5
43 years$816$494$287$162$89$4
44 years$789$471$270$150$81$4
45 years$763$449$253$138$74$3
46 years$738$428$238$128$67$2
47 years$714$409$223$118$61$2
48 years$691$390$210$109$55$2
49 years$669$373$197$101$50$1
50 years$648$356$186$93$45$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $664,000, adding $5,486 every year, while hoping to spend $37,124 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: 21/50/29 Blend
56$664,000$664,000$664,000$664,000
57$737,387$702,195$691,903$746,006
58$773,101$697,103$675,582$749,221
59$811,213$690,517$657,470$749,227
60$851,929$682,325$637,468$748,430
61$895,475$672,408$615,472$746,787
62$942,097$660,639$591,374$744,256
63$992,065$646,885$565,059$740,798
64$1,045,678$631,004$536,410$736,370
65$1,103,260$612,846$505,303$730,932
66$1,165,169$592,253$471,608$724,444
67$1,231,799$569,056$435,189$716,870
68$1,303,580$543,077$395,906$708,174
69$1,380,986$514,129$353,610$698,321
70$1,464,538$482,012$308,146$687,283
71$1,554,806$446,516$259,355$675,032
72$1,652,420$407,419$207,067$661,548
73$1,758,070$364,485$151,106$646,813
74$1,872,514$317,466$91,290$630,819
75$1,996,589$266,100$27,426$613,563
76$2,131,210$210,108$0$595,053
77$2,277,389$149,199$0$587,909
78$2,436,235$83,062$0$589,433
79$2,608,970$11,371$0$591,240
80$2,796,937$0$0$593,461
81$3,001,615$0$0$632,679
82$3,224,631$0$0$682,338
83$3,467,776$0$0$736,593
84$3,733,020$0$0$795,900
85$4,022,532$0$0$860,757
86$4,338,699$0$0$931,715
87$4,684,150$0$0$1,009,380
88$5,061,779$0$0$1,094,420
89$5,474,771$0$0$1,187,570
90$5,926,635$0$0$1,289,639
91$6,421,231$0$0$1,401,519
92$6,962,814$0$0$1,524,191
93$7,556,066$0$0$1,658,736
94$8,206,147$0$0$1,806,346
95$8,918,735$0$0$1,968,333
96$9,700,088$0$0$2,146,141
97$10,557,095$0$0$2,341,362
98$11,497,347$0$0$2,555,749
99$12,529,202$0$0$2,791,235
100$13,661,869$0$0$3,049,946