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%13.2%
1 years$54,915$54,426$53,949$53,483$53,028$52,322
2 years$27,186$26,679$26,189$25,713$25,251$24,541
3 years$17,944$17,435$16,946$16,475$16,021$15,328
4 years$13,324$12,817$12,332$11,869$11,426$10,757
5 years$10,552$10,049$9,570$9,117$8,686$8,042
6 years$8,705$8,205$7,734$7,291$6,873$6,255
7 years$7,387$6,891$6,427$5,994$5,589$4,998
8 years$6,398$5,907$5,451$5,028$4,637$4,071
9 years$5,630$5,143$4,695$4,283$3,905$3,365
10 years$5,015$4,533$4,093$3,692$3,327$2,813
11 years$4,513$4,036$3,603$3,213$2,862$2,372
12 years$4,094$3,622$3,198$2,818$2,480$2,015
13 years$3,741$3,273$2,857$2,488$2,162$1,721
14 years$3,438$2,975$2,567$2,209$1,896$1,478
15 years$3,175$2,718$2,318$1,970$1,669$1,274
16 years$2,946$2,494$2,101$1,764$1,475$1,101
17 years$2,744$2,297$1,912$1,585$1,308$955
18 years$2,565$2,122$1,746$1,428$1,163$830
19 years$2,404$1,967$1,598$1,290$1,037$724
20 years$2,260$1,828$1,467$1,169$926$631
21 years$2,130$1,702$1,349$1,061$829$552
22 years$2,012$1,589$1,243$964$743$483
23 years$1,904$1,486$1,148$878$667$423
24 years$1,805$1,393$1,062$801$599$371
25 years$1,714$1,307$983$732$539$326
26 years$1,631$1,228$912$669$486$286
27 years$1,554$1,156$847$612$438$252
28 years$1,482$1,089$787$561$395$221
29 years$1,416$1,028$733$514$357$195
30 years$1,354$970$682$472$322$172
31 years$1,296$917$636$434$291$151
32 years$1,242$868$594$398$264$133
33 years$1,191$822$554$366$239$117
34 years$1,143$779$518$337$216$103
35 years$1,098$739$484$310$196$91
36 years$1,056$701$453$286$177$81
37 years$1,016$666$424$263$161$71
38 years$979$633$397$243$146$63
39 years$943$602$372$224$132$55
40 years$909$573$349$206$120$49
41 years$877$545$327$190$109$43
42 years$847$519$307$176$99$38
43 years$818$495$288$162$90$34
44 years$790$472$270$150$81$30
45 years$764$450$254$138$74$26
46 years$739$429$238$128$67$23
47 years$715$409$224$118$61$20
48 years$692$391$210$109$55$18
49 years$670$373$198$101$50$16
50 years$649$357$186$93$46$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $665,000, adding $6,089 every year, while hoping to spend $45,143 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: 39/44/17 Blend
56$665,000$665,000$665,000$665,000
57$739,111$703,866$693,558$763,965
58$766,468$690,323$668,761$768,756
59$795,103$674,604$641,619$769,140
60$825,098$656,555$612,008$768,603
61$856,543$636,011$579,795$767,083
62$889,535$612,799$544,842$764,519
63$924,179$586,738$507,006$760,846
64$960,589$557,632$466,135$755,999
65$998,892$525,279$422,073$749,908
66$1,039,221$489,459$374,655$742,503
67$1,081,724$449,946$323,709$733,711
68$1,126,563$406,496$269,056$723,459
69$1,173,913$358,855$210,509$711,671
70$1,223,963$306,750$147,873$698,271
71$1,276,924$249,898$80,943$683,179
72$1,333,023$187,995$9,507$666,318
73$1,392,508$120,723$0$647,609
74$1,455,651$47,746$0$639,075
75$1,522,749$0$0$631,161
76$1,594,129$0$0$637,260
77$1,670,144$0$0$668,422
78$1,751,186$0$0$701,697
79$1,837,681$0$0$737,267
80$1,930,097$0$0$775,330
81$2,028,945$0$0$816,106
82$2,134,788$0$0$859,835
83$2,248,243$0$0$906,779
84$2,369,984$0$0$957,228
85$2,500,754$0$0$1,011,498
86$2,641,368$0$0$1,069,938
87$2,792,718$0$0$1,132,929
88$2,955,787$0$0$1,200,892
89$3,131,652$0$0$1,274,288
90$3,321,499$0$0$1,353,624
91$3,526,628$0$0$1,439,457
92$3,748,470$0$0$1,532,399
93$3,988,597$0$0$1,633,124
94$4,248,737$0$0$1,742,373
95$4,530,790$0$0$1,860,958
96$4,836,846$0$0$1,989,777
97$5,169,203$0$0$2,129,814
98$5,530,389$0$0$2,282,153
99$5,923,185$0$0$2,447,986
100$6,350,650$0$0$2,628,624