Can I retire at age 57 with 664,000?

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 $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%15.8%
1 years$54,832$54,344$53,868$53,402$52,948$51,689
2 years$27,145$26,639$26,149$25,674$25,213$23,952
3 years$17,917$17,409$16,920$16,450$15,996$14,773
4 years$13,304$12,797$12,314$11,851$11,409$10,232
5 years$10,537$10,033$9,556$9,103$8,673$7,546
6 years$8,692$8,193$7,723$7,280$6,862$5,787
7 years$7,376$6,880$6,418$5,985$5,581$4,557
8 years$6,389$5,898$5,443$5,021$4,630$3,657
9 years$5,621$5,135$4,688$4,276$3,899$2,976
10 years$5,008$4,526$4,087$3,686$3,322$2,448
11 years$4,506$4,030$3,598$3,208$2,857$2,031
12 years$4,088$3,617$3,193$2,814$2,476$1,696
13 years$3,735$3,268$2,853$2,484$2,159$1,425
14 years$3,433$2,971$2,563$2,205$1,893$1,202
15 years$3,171$2,714$2,314$1,967$1,666$1,017
16 years$2,942$2,490$2,098$1,761$1,473$864
17 years$2,740$2,293$1,909$1,582$1,306$735
18 years$2,561$2,119$1,743$1,426$1,161$627
19 years$2,401$1,964$1,596$1,288$1,035$536
20 years$2,257$1,825$1,464$1,167$924$459
21 years$2,127$1,700$1,347$1,059$827$393
22 years$2,009$1,587$1,241$963$742$337
23 years$1,901$1,484$1,146$877$666$290
24 years$1,802$1,390$1,060$800$598$249
25 years$1,712$1,305$982$730$538$214
26 years$1,628$1,226$911$668$485$184
27 years$1,551$1,154$846$611$437$159
28 years$1,480$1,088$786$560$395$137
29 years$1,413$1,026$732$514$356$118
30 years$1,352$969$681$471$322$101
31 years$1,294$916$635$433$291$87
32 years$1,240$867$593$398$263$75
33 years$1,189$821$553$366$238$65
34 years$1,142$778$517$337$216$56
35 years$1,097$738$483$310$195$48
36 years$1,055$700$452$285$177$42
37 years$1,015$665$423$263$160$36
38 years$977$632$396$242$145$31
39 years$942$601$371$223$132$27
40 years$908$572$348$206$120$23
41 years$876$544$326$190$109$20
42 years$845$518$306$176$98$17
43 years$816$494$287$162$89$15
44 years$789$471$270$150$81$13
45 years$763$449$253$138$74$11
46 years$738$428$238$128$67$10
47 years$714$409$223$118$61$8
48 years$691$390$210$109$55$7
49 years$669$373$197$101$50$6
50 years$648$356$186$93$45$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $664,000, adding $4,668 every year, while hoping to spend $58,323 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: 54/25/21 Blend
56$664,000$664,000$664,000$664,000
57$736,543$701,351$691,059$771,857
58$749,615$673,662$652,154$768,904
59$762,066$642,662$609,992$759,178
60$773,770$608,126$564,400$747,341
61$784,589$569,818$515,201$733,209
62$794,366$527,487$462,209$716,584
63$802,927$480,870$405,229$697,251
64$810,078$429,685$344,057$674,977
65$815,604$373,639$278,481$649,510
66$819,266$312,417$208,280$620,578
67$820,796$245,690$133,222$587,886
68$819,897$173,109$53,066$551,112
69$816,242$94,306$0$509,911
70$809,464$8,893$0$471,183
71$799,158$0$0$440,404
72$784,877$0$0$428,275
73$766,120$0$0$415,891
74$742,338$0$0$400,479
75$712,920$0$0$381,672
76$677,189$0$0$359,069
77$634,398$0$0$332,221
78$583,717$0$0$300,635
79$524,233$0$0$263,766
80$454,932$0$0$221,008
81$374,696$0$0$171,695
82$282,286$0$0$115,088
83$176,335$0$0$50,373
84$55,333$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0