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%11%
1 years$54,832$54,344$53,868$53,402$52,948$52,725
2 years$27,145$26,639$26,149$25,674$25,213$24,988
3 years$17,917$17,409$16,920$16,450$15,996$15,776
4 years$13,304$12,797$12,314$11,851$11,409$11,195
5 years$10,537$10,033$9,556$9,103$8,673$8,466
6 years$8,692$8,193$7,723$7,280$6,862$6,663
7 years$7,376$6,880$6,418$5,985$5,581$5,389
8 years$6,389$5,898$5,443$5,021$4,630$4,446
9 years$5,621$5,135$4,688$4,276$3,899$3,722
10 years$5,008$4,526$4,087$3,686$3,322$3,153
11 years$4,506$4,030$3,598$3,208$2,857$2,695
12 years$4,088$3,617$3,193$2,814$2,476$2,321
13 years$3,735$3,268$2,853$2,484$2,159$2,012
14 years$3,433$2,971$2,563$2,205$1,893$1,752
15 years$3,171$2,714$2,314$1,967$1,666$1,532
16 years$2,942$2,490$2,098$1,761$1,473$1,345
17 years$2,740$2,293$1,909$1,582$1,306$1,185
18 years$2,561$2,119$1,743$1,426$1,161$1,046
19 years$2,401$1,964$1,596$1,288$1,035$926
20 years$2,257$1,825$1,464$1,167$924$821
21 years$2,127$1,700$1,347$1,059$827$730
22 years$2,009$1,587$1,241$963$742$649
23 years$1,901$1,484$1,146$877$666$578
24 years$1,802$1,390$1,060$800$598$516
25 years$1,712$1,305$982$730$538$461
26 years$1,628$1,226$911$668$485$412
27 years$1,551$1,154$846$611$437$369
28 years$1,480$1,088$786$560$395$330
29 years$1,413$1,026$732$514$356$296
30 years$1,352$969$681$471$322$265
31 years$1,294$916$635$433$291$238
32 years$1,240$867$593$398$263$213
33 years$1,189$821$553$366$238$191
34 years$1,142$778$517$337$216$172
35 years$1,097$738$483$310$195$154
36 years$1,055$700$452$285$177$139
37 years$1,015$665$423$263$160$125
38 years$977$632$396$242$145$112
39 years$942$601$371$223$132$101
40 years$908$572$348$206$120$91
41 years$876$544$326$190$109$82
42 years$845$518$306$176$98$73
43 years$816$494$287$162$89$66
44 years$789$471$270$150$81$59
45 years$763$449$253$138$74$53
46 years$738$428$238$128$67$48
47 years$714$409$223$118$61$43
48 years$691$390$210$109$55$39
49 years$669$373$197$101$50$35
50 years$648$356$186$93$45$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $664,000, adding $3,223 every year, while hoping to spend $37,379 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: 69/25/6 Blend
56$664,000$664,000$664,000$664,000
57$735,053$699,861$689,569$784,936
58$770,257$694,383$672,898$812,882
59$807,799$687,384$654,416$838,553
60$847,879$678,750$634,023$865,610
61$890,714$668,359$611,614$894,179
62$936,542$656,085$587,079$924,402
63$985,628$641,791$560,304$956,437
64$1,038,257$625,334$531,170$990,456
65$1,094,745$606,561$499,550$1,026,652
66$1,155,438$585,312$465,314$1,065,238
67$1,220,717$561,416$428,326$1,106,450
68$1,290,997$534,693$388,442$1,150,549
69$1,366,738$504,952$345,514$1,197,824
70$1,448,443$471,992$299,386$1,248,596
71$1,536,664$435,599$249,895$1,303,218
72$1,632,008$395,548$196,871$1,362,083
73$1,735,143$351,601$140,137$1,425,626
74$1,846,804$303,505$79,508$1,494,326
75$1,967,796$250,995$14,789$1,568,716
76$2,099,007$193,789$0$1,649,385
77$2,241,412$131,591$0$1,740,457
78$2,396,083$64,087$0$1,840,414
79$2,564,202$0$0$1,949,120
80$2,747,066$0$0$2,069,960
81$2,946,104$0$0$2,220,710
82$3,162,887$0$0$2,384,935
83$3,399,145$0$0$2,563,949
84$3,656,780$0$0$2,759,198
85$3,937,889$0$0$2,972,275
86$4,244,776$0$0$3,204,932
87$4,579,980$0$0$3,459,100
88$4,946,296$0$0$3,736,901
89$5,346,799$0$0$4,040,674
90$5,784,877$0$0$4,372,995
91$6,264,259$0$0$4,736,698
92$6,789,052$0$0$5,134,904
93$7,363,778$0$0$5,571,052
94$7,993,416$0$0$6,048,928
95$8,683,452$0$0$6,572,700
96$9,439,924$0$0$7,146,961
97$10,269,485$0$0$7,776,767
98$11,179,462$0$0$8,467,689
99$12,177,925$0$0$9,225,862
100$13,273,763$0$0$10,058,045