Can I retire at age 57 with 665,000?

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 $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%14.3%
1 years$54,915$54,426$53,949$53,483$53,028$52,085
2 years$27,186$26,679$26,189$25,713$25,251$24,305
3 years$17,944$17,435$16,946$16,475$16,021$15,100
4 years$13,324$12,817$12,332$11,869$11,426$10,538
5 years$10,552$10,049$9,570$9,117$8,686$7,833
6 years$8,705$8,205$7,734$7,291$6,873$6,056
7 years$7,387$6,891$6,427$5,994$5,589$4,809
8 years$6,398$5,907$5,451$5,028$4,637$3,893
9 years$5,630$5,143$4,695$4,283$3,905$3,197
10 years$5,015$4,533$4,093$3,692$3,327$2,654
11 years$4,513$4,036$3,603$3,213$2,862$2,223
12 years$4,094$3,622$3,198$2,818$2,480$1,875
13 years$3,741$3,273$2,857$2,488$2,162$1,590
14 years$3,438$2,975$2,567$2,209$1,896$1,355
15 years$3,175$2,718$2,318$1,970$1,669$1,159
16 years$2,946$2,494$2,101$1,764$1,475$995
17 years$2,744$2,297$1,912$1,585$1,308$856
18 years$2,565$2,122$1,746$1,428$1,163$738
19 years$2,404$1,967$1,598$1,290$1,037$638
20 years$2,260$1,828$1,467$1,169$926$552
21 years$2,130$1,702$1,349$1,061$829$479
22 years$2,012$1,589$1,243$964$743$416
23 years$1,904$1,486$1,148$878$667$361
24 years$1,805$1,393$1,062$801$599$314
25 years$1,714$1,307$983$732$539$273
26 years$1,631$1,228$912$669$486$238
27 years$1,554$1,156$847$612$438$207
28 years$1,482$1,089$787$561$395$181
29 years$1,416$1,028$733$514$357$158
30 years$1,354$970$682$472$322$138
31 years$1,296$917$636$434$291$120
32 years$1,242$868$594$398$264$105
33 years$1,191$822$554$366$239$92
34 years$1,143$779$518$337$216$80
35 years$1,098$739$484$310$196$70
36 years$1,056$701$453$286$177$61
37 years$1,016$666$424$263$161$53
38 years$979$633$397$243$146$47
39 years$943$602$372$224$132$41
40 years$909$573$349$206$120$36
41 years$877$545$327$190$109$31
42 years$847$519$307$176$99$27
43 years$818$495$288$162$90$24
44 years$790$472$270$150$81$21
45 years$764$450$254$138$74$18
46 years$739$429$238$128$67$16
47 years$715$409$224$118$61$14
48 years$692$391$210$109$55$12
49 years$670$373$198$101$50$11
50 years$649$357$186$93$46$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $665,000, adding $5,907 every year, while hoping to spend $23,403 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: 73/17/10 Blend
56$665,000$665,000$665,000$665,000
57$738,923$703,678$693,371$791,056
58$789,393$713,258$691,698$835,862
59$844,226$722,522$689,185$881,433
60$903,843$731,432$685,778$930,699
61$968,706$739,943$681,423$984,019
62$1,039,325$748,011$676,062$1,041,787
63$1,116,258$755,586$669,632$1,104,440
64$1,200,123$762,617$662,071$1,172,457
65$1,291,598$769,047$653,313$1,246,368
66$1,391,428$774,817$643,286$1,326,754
67$1,500,435$779,865$631,918$1,414,258
68$1,619,525$784,124$619,132$1,509,588
69$1,749,692$787,521$604,849$1,613,524
70$1,892,033$789,982$588,984$1,726,926
71$2,047,754$791,426$571,449$1,850,741
72$2,218,186$791,766$552,153$1,986,013
73$2,404,790$790,912$530,999$2,133,895
74$2,609,179$788,767$507,888$2,295,655
75$2,833,128$785,229$482,715$2,472,690
76$3,078,590$780,188$455,369$2,666,545
77$3,347,719$773,530$425,736$2,878,916
78$3,642,885$765,132$393,697$3,111,678
79$3,966,699$754,863$359,126$3,366,895
80$4,322,038$742,587$321,892$3,646,843
81$4,712,070$728,158$281,860$3,954,031
82$5,140,284$711,420$238,885$4,291,224
83$5,610,525$692,212$192,819$4,661,470
84$6,127,027$670,359$143,508$5,068,129
85$6,694,456$645,679$90,787$5,514,904
86$7,317,950$617,977$34,488$6,005,878
87$8,003,171$587,048$0$6,545,550
88$8,756,358$552,676$0$7,141,612
89$9,584,380$514,631$0$7,800,903
90$10,494,809$472,670$0$8,525,789
91$11,495,985$426,537$0$9,322,932
92$12,597,099$375,961$0$10,199,677
93$13,808,275$320,655$0$11,164,119
94$15,140,669$260,316$0$12,225,176
95$16,606,571$194,626$0$13,392,680
96$18,219,524$123,245$0$14,677,464
97$19,994,449$45,818$0$16,091,469
98$21,947,788$0$0$17,647,853
99$24,097,655$0$0$19,368,234
100$26,464,011$0$0$21,271,326