Can I retire at age 57 with 667,000?

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 $667,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$55,080$54,590$54,111$53,644$53,188$51,526
2 years$27,267$26,760$26,267$25,790$25,327$23,668
3 years$17,998$17,488$16,997$16,524$16,069$14,464
4 years$13,364$12,855$12,369$11,905$11,460$9,923
5 years$10,584$10,079$9,599$9,144$8,712$7,245
6 years$8,732$8,230$7,757$7,312$6,893$5,499
7 years$7,409$6,912$6,447$6,012$5,606$4,283
8 years$6,417$5,924$5,467$5,043$4,651$3,399
9 years$5,647$5,158$4,709$4,296$3,917$2,735
10 years$5,030$4,547$4,105$3,703$3,337$2,223
11 years$4,526$4,048$3,614$3,223$2,870$1,822
12 years$4,107$3,633$3,208$2,827$2,487$1,503
13 years$3,752$3,283$2,866$2,496$2,169$1,246
14 years$3,448$2,984$2,575$2,215$1,901$1,037
15 years$3,185$2,726$2,325$1,976$1,674$867
16 years$2,955$2,501$2,108$1,769$1,479$726
17 years$2,752$2,304$1,918$1,589$1,312$609
18 years$2,572$2,129$1,751$1,432$1,166$513
19 years$2,412$1,973$1,603$1,294$1,040$432
20 years$2,267$1,833$1,471$1,172$929$364
21 years$2,136$1,708$1,353$1,064$831$308
22 years$2,018$1,594$1,247$967$745$260
23 years$1,910$1,491$1,151$881$669$220
24 years$1,811$1,397$1,065$803$601$186
25 years$1,720$1,311$986$734$541$158
26 years$1,636$1,232$915$671$487$134
27 years$1,558$1,159$849$614$439$113
28 years$1,487$1,093$790$563$396$96
29 years$1,420$1,031$735$516$358$82
30 years$1,358$973$684$474$323$69
31 years$1,300$920$638$435$292$59
32 years$1,245$871$595$400$264$50
33 years$1,194$824$556$368$239$42
34 years$1,147$781$519$338$217$36
35 years$1,102$741$486$311$196$30
36 years$1,059$703$454$287$178$26
37 years$1,019$668$425$264$161$22
38 years$982$635$398$243$146$19
39 years$946$604$373$225$132$16
40 years$912$574$350$207$120$13
41 years$880$547$328$191$109$11
42 years$849$521$308$176$99$10
43 years$820$496$289$163$90$8
44 years$792$473$271$150$81$7
45 years$766$451$254$139$74$6
46 years$741$430$239$128$67$5
47 years$717$411$224$118$61$4
48 years$694$392$211$109$55$4
49 years$672$374$198$101$50$3
50 years$651$358$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 $667,000, adding $5,310 every year, while hoping to spend $20,664 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: 54/17/29 Blend
56$667,000$667,000$667,000$667,000
57$740,511$705,160$694,822$774,263
58$794,057$717,727$696,112$810,763
59$852,372$730,216$696,753$847,935
60$915,921$742,604$696,701$887,997
61$985,214$754,861$695,910$931,235
62$1,060,816$766,959$694,333$977,964
63$1,143,345$778,866$691,919$1,028,533
64$1,233,483$790,547$688,615$1,083,324
65$1,331,981$801,967$684,366$1,142,762
66$1,439,665$813,085$679,115$1,207,315
67$1,557,446$823,861$672,800$1,277,497
68$1,686,324$834,249$665,357$1,353,879
69$1,827,404$844,202$656,722$1,437,089
70$1,981,900$853,669$646,822$1,527,819
71$2,151,149$862,594$635,586$1,626,833
72$2,336,626$870,920$622,938$1,734,976
73$2,539,951$878,586$608,796$1,853,178
74$2,762,914$885,524$593,078$1,982,465
75$3,007,481$891,664$575,696$2,123,971
76$3,275,820$896,932$556,558$2,278,943
77$3,570,320$901,247$535,569$2,448,761
78$3,893,610$904,526$512,628$2,634,945
79$4,248,588$906,677$487,631$2,839,171
80$4,638,445$907,606$460,468$3,063,289
81$5,066,697$907,210$431,024$3,309,338
82$5,537,218$905,381$399,181$3,579,569
83$6,054,274$902,004$364,814$3,876,463
84$6,622,566$896,959$327,791$4,202,756
85$7,247,273$890,114$287,977$4,561,467
86$7,934,100$881,335$245,229$4,955,923
87$8,689,332$870,475$199,399$5,389,794
88$9,519,896$857,380$150,330$5,867,129
89$10,433,421$841,887$97,862$6,392,390
90$11,438,315$823,824$41,825$6,970,498
91$12,543,839$803,008$0$7,606,880
92$13,760,199$779,244$0$8,313,081
93$15,098,640$752,327$0$9,104,310
94$16,571,552$722,042$0$9,974,945
95$18,192,585$688,157$0$10,933,067
96$19,976,781$650,429$0$11,987,585
97$21,940,716$608,603$0$13,148,314
98$24,102,650$562,405$0$14,426,073
99$26,482,706$511,550$0$15,832,786
100$29,103,059$455,732$0$17,381,591