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%14.1%
1 years$55,080$54,590$54,111$53,644$53,188$52,285
2 years$27,267$26,760$26,267$25,790$25,327$24,421
3 years$17,998$17,488$16,997$16,524$16,069$15,186
4 years$13,364$12,855$12,369$11,905$11,460$10,609
5 years$10,584$10,079$9,599$9,144$8,712$7,894
6 years$8,732$8,230$7,757$7,312$6,893$6,110
7 years$7,409$6,912$6,447$6,012$5,606$4,858
8 years$6,417$5,924$5,467$5,043$4,651$3,937
9 years$5,647$5,158$4,709$4,296$3,917$3,237
10 years$5,030$4,547$4,105$3,703$3,337$2,691
11 years$4,526$4,048$3,614$3,223$2,870$2,256
12 years$4,107$3,633$3,208$2,827$2,487$1,906
13 years$3,752$3,283$2,866$2,496$2,169$1,618
14 years$3,448$2,984$2,575$2,215$1,901$1,381
15 years$3,185$2,726$2,325$1,976$1,674$1,183
16 years$2,955$2,501$2,108$1,769$1,479$1,017
17 years$2,752$2,304$1,918$1,589$1,312$876
18 years$2,572$2,129$1,751$1,432$1,166$757
19 years$2,412$1,973$1,603$1,294$1,040$655
20 years$2,267$1,833$1,471$1,172$929$568
21 years$2,136$1,708$1,353$1,064$831$493
22 years$2,018$1,594$1,247$967$745$428
23 years$1,910$1,491$1,151$881$669$373
24 years$1,811$1,397$1,065$803$601$325
25 years$1,720$1,311$986$734$541$283
26 years$1,636$1,232$915$671$487$247
27 years$1,558$1,159$849$614$439$215
28 years$1,487$1,093$790$563$396$188
29 years$1,420$1,031$735$516$358$164
30 years$1,358$973$684$474$323$144
31 years$1,300$920$638$435$292$126
32 years$1,245$871$595$400$264$110
33 years$1,194$824$556$368$239$96
34 years$1,147$781$519$338$217$84
35 years$1,102$741$486$311$196$74
36 years$1,059$703$454$287$178$64
37 years$1,019$668$425$264$161$56
38 years$982$635$398$243$146$49
39 years$946$604$373$225$132$43
40 years$912$574$350$207$120$38
41 years$880$547$328$191$109$33
42 years$849$521$308$176$99$29
43 years$820$496$289$163$90$25
44 years$792$473$271$150$81$22
45 years$766$451$254$139$74$20
46 years$741$430$239$128$67$17
47 years$717$411$224$118$61$15
48 years$694$392$211$109$55$13
49 years$672$374$198$101$50$12
50 years$651$358$186$93$46$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $667,000, adding $2,998 every year, while hoping to spend $40,274 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: 41/48/11 Blend
56$667,000$667,000$667,000$667,000
57$738,126$702,775$692,437$765,868
58$770,564$694,360$672,782$777,224
59$804,961$684,183$651,120$785,271
60$841,473$672,114$627,339$793,084
61$880,274$658,018$601,325$800,659
62$921,551$641,750$572,958$807,995
63$965,510$623,157$542,113$815,093
64$1,012,377$602,076$508,659$821,959
65$1,062,398$578,337$472,458$828,603
66$1,115,844$551,757$433,367$835,040
67$1,173,012$522,145$391,236$841,289
68$1,234,227$489,298$345,910$847,377
69$1,299,844$453,000$297,225$853,341
70$1,370,257$413,025$245,010$859,221
71$1,445,893$369,133$189,087$865,072
72$1,527,223$321,070$129,271$870,957
73$1,614,766$268,568$65,368$876,954
74$1,709,089$211,345$0$883,154
75$1,810,815$149,100$0$889,995
76$1,920,631$81,518$0$905,481
77$2,039,288$8,266$0$922,104
78$2,167,616$0$0$940,060
79$2,306,523$0$0$997,079
80$2,457,010$0$0$1,063,652
81$2,620,176$0$0$1,135,910
82$2,797,230$0$0$1,214,397
83$2,989,502$0$0$1,299,711
84$3,198,455$0$0$1,392,514
85$3,425,699$0$0$1,493,530
86$3,673,002$0$0$1,603,557
87$3,942,314$0$0$1,723,474
88$4,235,777$0$0$1,854,248
89$4,555,751$0$0$1,996,942
90$4,904,832$0$0$2,152,729
91$5,285,878$0$0$2,322,896
92$5,702,034$0$0$2,508,865
93$6,156,763$0$0$2,712,197
94$6,653,879$0$0$2,934,613
95$7,197,577$0$0$3,178,006
96$7,792,480$0$0$3,444,465
97$8,443,677$0$0$3,736,284
98$9,156,772$0$0$4,055,994
99$9,937,935$0$0$4,406,381
100$10,793,962$0$0$4,790,512