Can I retire at age 57 with 666,000?

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 $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%15.2%
1 years$54,998$54,508$54,030$53,563$53,108$51,972
2 years$27,227$26,719$26,228$25,752$25,289$24,150
3 years$17,971$17,461$16,971$16,499$16,045$14,938
4 years$13,344$12,836$12,351$11,887$11,443$10,378
5 years$10,568$10,064$9,585$9,130$8,699$7,678
6 years$8,719$8,218$7,746$7,302$6,883$5,907
7 years$7,398$6,901$6,437$6,003$5,598$4,667
8 years$6,408$5,916$5,459$5,036$4,644$3,758
9 years$5,638$5,151$4,702$4,289$3,911$3,070
10 years$5,023$4,540$4,099$3,697$3,332$2,535
11 years$4,520$4,042$3,609$3,218$2,866$2,111
12 years$4,101$3,628$3,203$2,823$2,483$1,770
13 years$3,746$3,278$2,861$2,492$2,166$1,492
14 years$3,443$2,980$2,571$2,212$1,898$1,264
15 years$3,180$2,722$2,321$1,973$1,672$1,075
16 years$2,951$2,498$2,105$1,766$1,477$916
17 years$2,748$2,300$1,915$1,587$1,310$783
18 years$2,569$2,125$1,748$1,430$1,165$671
19 years$2,408$1,970$1,600$1,292$1,038$576
20 years$2,264$1,830$1,469$1,170$927$495
21 years$2,133$1,705$1,351$1,062$830$427
22 years$2,015$1,592$1,245$966$744$368
23 years$1,907$1,489$1,150$880$668$317
24 years$1,808$1,395$1,063$802$600$274
25 years$1,717$1,309$985$733$540$237
26 years$1,633$1,230$913$670$486$205
27 years$1,556$1,158$848$613$439$177
28 years$1,484$1,091$788$562$396$153
29 years$1,418$1,029$734$515$357$133
30 years$1,356$972$683$473$323$115
31 years$1,298$919$637$434$292$100
32 years$1,244$869$594$399$264$86
33 years$1,193$823$555$367$239$75
34 years$1,145$780$519$338$216$65
35 years$1,100$740$485$311$196$56
36 years$1,058$702$454$286$178$49
37 years$1,018$667$425$264$161$42
38 years$980$634$398$243$146$37
39 years$944$603$372$224$132$32
40 years$911$574$349$207$120$28
41 years$878$546$327$191$109$24
42 years$848$520$307$176$99$21
43 years$819$495$288$163$90$18
44 years$791$472$270$150$81$16
45 years$765$450$254$139$74$14
46 years$740$430$239$128$67$12
47 years$716$410$224$118$61$10
48 years$693$391$211$109$55$9
49 years$671$374$198$101$50$8
50 years$650$357$186$93$46$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $666,000, adding $4,970 every year, while hoping to spend $35,753 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: 54/27/19 Blend
56$666,000$666,000$666,000$666,000
57$739,059$703,761$693,438$774,909
58$776,402$700,204$678,627$796,439
59$816,355$695,275$662,122$815,667
60$859,148$688,868$643,827$835,818
61$905,031$680,872$623,645$856,989
62$954,279$671,170$601,472$879,292
63$1,007,194$659,635$577,200$902,848
64$1,064,106$646,136$550,715$927,796
65$1,125,381$630,532$521,899$954,289
66$1,191,416$612,675$490,629$982,499
67$1,262,651$592,407$456,776$1,012,616
68$1,339,569$569,561$420,205$1,044,855
69$1,422,697$543,963$380,775$1,079,452
70$1,512,620$515,424$338,338$1,116,673
71$1,609,976$483,749$292,741$1,156,812
72$1,715,469$448,728$243,823$1,200,198
73$1,829,872$410,141$191,417$1,247,195
74$1,954,036$367,755$135,347$1,298,210
75$2,088,897$321,325$75,430$1,353,694
76$2,235,484$270,589$11,476$1,414,148
77$2,394,928$215,272$0$1,480,129
78$2,568,476$155,085$0$1,563,766
79$2,757,497$89,721$0$1,657,464
80$2,963,500$18,856$0$1,759,701
81$3,188,144$0$0$1,871,368
82$3,433,257$0$0$2,010,637
83$3,700,849$0$0$2,168,855
84$3,993,133$0$0$2,341,734
85$4,312,547$0$0$2,530,723
86$4,661,772$0$0$2,737,419
87$5,043,763$0$0$2,963,578
88$5,461,771$0$0$3,211,134
89$5,919,377$0$0$3,482,216
90$6,420,526$0$0$3,779,170
91$6,969,558$0$0$4,104,580
92$7,571,258$0$0$4,461,289
93$8,230,891$0$0$4,852,430
94$8,954,258$0$0$5,281,455
95$9,747,750$0$0$5,752,164
96$10,618,402$0$0$6,268,743
97$11,573,967$0$0$6,835,804
98$12,622,983$0$0$7,458,426
99$13,774,856$0$0$8,142,205
100$15,039,946$0$0$8,893,304