Can I retire at age 57 with 666,000?

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 $666,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$54,998$54,508$54,030$53,563$53,108$52,597
2 years$27,227$26,719$26,228$25,752$25,289$24,775
3 years$17,971$17,461$16,971$16,499$16,045$15,542
4 years$13,344$12,836$12,351$11,887$11,443$10,957
5 years$10,568$10,064$9,585$9,130$8,699$8,230
6 years$8,719$8,218$7,746$7,302$6,883$6,432
7 years$7,398$6,901$6,437$6,003$5,598$5,165
8 years$6,408$5,916$5,459$5,036$4,644$4,230
9 years$5,638$5,151$4,702$4,289$3,911$3,515
10 years$5,023$4,540$4,099$3,697$3,332$2,954
11 years$4,520$4,042$3,609$3,218$2,866$2,505
12 years$4,101$3,628$3,203$2,823$2,483$2,140
13 years$3,746$3,278$2,861$2,492$2,166$1,839
14 years$3,443$2,980$2,571$2,212$1,898$1,588
15 years$3,180$2,722$2,321$1,973$1,672$1,377
16 years$2,951$2,498$2,105$1,766$1,477$1,198
17 years$2,748$2,300$1,915$1,587$1,310$1,046
18 years$2,569$2,125$1,748$1,430$1,165$915
19 years$2,408$1,970$1,600$1,292$1,038$802
20 years$2,264$1,830$1,469$1,170$927$705
21 years$2,133$1,705$1,351$1,062$830$620
22 years$2,015$1,592$1,245$966$744$547
23 years$1,907$1,489$1,150$880$668$482
24 years$1,808$1,395$1,063$802$600$426
25 years$1,717$1,309$985$733$540$377
26 years$1,633$1,230$913$670$486$333
27 years$1,556$1,158$848$613$439$295
28 years$1,484$1,091$788$562$396$261
29 years$1,418$1,029$734$515$357$232
30 years$1,356$972$683$473$323$206
31 years$1,298$919$637$434$292$182
32 years$1,244$869$594$399$264$162
33 years$1,193$823$555$367$239$144
34 years$1,145$780$519$338$216$128
35 years$1,100$740$485$311$196$114
36 years$1,058$702$454$286$178$101
37 years$1,018$667$425$264$161$90
38 years$980$634$398$243$146$80
39 years$944$603$372$224$132$71
40 years$911$574$349$207$120$63
41 years$878$546$327$191$109$56
42 years$848$520$307$176$99$50
43 years$819$495$288$163$90$44
44 years$791$472$270$150$81$40
45 years$765$450$254$139$74$35
46 years$740$430$239$128$67$31
47 years$716$410$224$118$61$28
48 years$693$391$211$109$55$25
49 years$671$374$198$101$50$22
50 years$650$357$186$93$46$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $666,000, adding $3,661 every year, while hoping to spend $42,319 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: 43/30/27 Blend
56$666,000$666,000$666,000$666,000
57$737,708$702,410$692,087$763,487
58$767,927$691,801$670,245$771,673
59$799,811$679,254$646,253$776,233
60$833,483$664,629$619,994$780,358
61$869,081$647,778$591,346$784,031
62$906,752$628,545$560,182$787,239
63$946,661$606,764$526,368$789,969
64$988,985$582,259$489,765$792,210
65$1,033,916$554,845$450,228$793,957
66$1,081,669$524,326$407,604$795,206
67$1,132,474$490,493$361,734$795,957
68$1,186,587$453,128$312,452$796,215
69$1,244,285$411,997$259,585$795,990
70$1,305,874$366,856$202,953$795,300
71$1,371,686$317,446$142,365$794,169
72$1,442,089$263,491$77,625$792,629
73$1,517,483$204,703$8,526$790,721
74$1,598,309$140,776$0$788,498
75$1,685,049$71,387$0$804,813
76$1,778,234$0$0$824,798
77$1,878,445$0$0$847,414
78$1,986,321$0$0$897,187
79$2,102,563$0$0$950,881
80$2,227,941$0$0$1,008,862
81$2,363,301$0$0$1,071,527
82$2,509,574$0$0$1,139,317
83$2,667,780$0$0$1,212,714
84$2,839,044$0$0$1,292,249
85$3,024,601$0$0$1,378,505
86$3,225,807$0$0$1,472,124
87$3,444,156$0$0$1,573,813
88$3,681,290$0$0$1,684,347
89$3,939,016$0$0$1,804,581
90$4,219,320$0$0$1,935,454
91$4,524,388$0$0$2,078,000
92$4,856,626$0$0$2,233,358
93$5,218,682$0$0$2,402,779
94$5,613,467$0$0$2,587,643
95$6,044,189$0$0$2,789,465
96$6,514,376$0$0$3,009,917
97$7,027,913$0$0$3,250,837
98$7,589,076$0$0$3,514,248
99$8,202,574$0$0$3,802,380
100$8,873,590$0$0$4,117,686