Can I retire at age 57 with 665,000?

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 $665,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$54,915$54,426$53,949$53,483$53,028$51,516
2 years$27,186$26,679$26,189$25,713$25,251$23,740
3 years$17,944$17,435$16,946$16,475$16,021$14,557
4 years$13,324$12,817$12,332$11,869$11,426$10,022
5 years$10,552$10,049$9,570$9,117$8,686$7,344
6 years$8,705$8,205$7,734$7,291$6,873$5,595
7 years$7,387$6,891$6,427$5,994$5,589$4,376
8 years$6,398$5,907$5,451$5,028$4,637$3,487
9 years$5,630$5,143$4,695$4,283$3,905$2,817
10 years$5,015$4,533$4,093$3,692$3,327$2,301
11 years$4,513$4,036$3,603$3,213$2,862$1,894
12 years$4,094$3,622$3,198$2,818$2,480$1,569
13 years$3,741$3,273$2,857$2,488$2,162$1,307
14 years$3,438$2,975$2,567$2,209$1,896$1,094
15 years$3,175$2,718$2,318$1,970$1,669$918
16 years$2,946$2,494$2,101$1,764$1,475$773
17 years$2,744$2,297$1,912$1,585$1,308$652
18 years$2,565$2,122$1,746$1,428$1,163$552
19 years$2,404$1,967$1,598$1,290$1,037$467
20 years$2,260$1,828$1,467$1,169$926$396
21 years$2,130$1,702$1,349$1,061$829$336
22 years$2,012$1,589$1,243$964$743$286
23 years$1,904$1,486$1,148$878$667$243
24 years$1,805$1,393$1,062$801$599$207
25 years$1,714$1,307$983$732$539$176
26 years$1,631$1,228$912$669$486$150
27 years$1,554$1,156$847$612$438$128
28 years$1,482$1,089$787$561$395$109
29 years$1,416$1,028$733$514$357$93
30 years$1,354$970$682$472$322$80
31 years$1,296$917$636$434$291$68
32 years$1,242$868$594$398$264$58
33 years$1,191$822$554$366$239$50
34 years$1,143$779$518$337$216$42
35 years$1,098$739$484$310$196$36
36 years$1,056$701$453$286$177$31
37 years$1,016$666$424$263$161$26
38 years$979$633$397$243$146$23
39 years$943$602$372$224$132$19
40 years$909$573$349$206$120$16
41 years$877$545$327$190$109$14
42 years$847$519$307$176$99$12
43 years$818$495$288$162$90$10
44 years$790$472$270$150$81$9
45 years$764$450$254$138$74$7
46 years$739$429$238$128$67$6
47 years$715$409$224$118$61$5
48 years$692$391$210$109$55$5
49 years$670$373$198$101$50$4
50 years$649$357$186$93$46$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $665,000, adding $2,941 every year, while hoping to spend $23,539 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: 84/8/8 Blend
56$665,000$665,000$665,000$665,000
57$735,864$700,619$690,311$796,765
58$785,876$709,904$688,391$846,273
59$840,202$718,855$685,618$897,155
60$899,254$727,431$681,938$952,309
61$963,491$735,587$677,296$1,012,150
62$1,033,413$743,278$671,632$1,077,133
63$1,109,575$750,452$664,885$1,147,761
64$1,192,584$757,056$656,991$1,224,587
65$1,283,110$763,034$647,882$1,308,221
66$1,381,889$768,325$637,488$1,399,334
67$1,489,732$772,863$625,735$1,498,665
68$1,607,533$776,581$612,545$1,607,028
69$1,736,273$779,406$597,837$1,725,321
70$1,877,035$781,259$581,527$1,854,531
71$2,031,010$782,058$563,526$1,995,747
72$2,199,510$781,716$543,741$2,150,169
73$2,383,979$780,139$522,075$2,319,117
74$2,586,008$777,229$498,428$2,504,047
75$2,807,348$772,880$472,692$2,706,564
76$3,049,928$766,982$444,758$2,928,434
77$3,315,872$759,416$414,509$3,171,605
78$3,607,521$750,057$381,824$3,438,221
79$3,927,450$738,772$346,578$3,730,648
80$4,278,500$725,421$308,637$4,051,490
81$4,663,795$709,855$267,865$4,403,617
82$5,086,781$691,916$224,117$4,790,192
83$5,551,250$671,438$177,243$5,214,701
84$6,061,382$648,243$127,085$5,680,985
85$6,621,781$622,145$73,480$6,193,275
86$7,237,518$592,945$16,257$6,756,237
87$7,914,179$560,434$0$7,375,009
88$8,657,921$524,391$0$8,059,081
89$9,475,525$484,582$0$8,812,598
90$10,374,460$440,758$0$9,641,067
91$11,362,958$392,659$0$10,552,084
92$12,450,088$340,007$0$11,554,021
93$13,645,840$282,511$0$12,656,102
94$14,961,224$219,861$0$13,868,491
95$16,408,366$151,732$0$15,202,388
96$18,000,632$77,780$0$16,670,134
97$19,752,746$0$0$18,285,330
98$21,680,930$0$0$20,063,168
99$23,803,062$0$0$22,027,380
100$26,138,837$0$0$24,189,351