Can I retire at age 57 with 668,000?

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 $668,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$55,163$54,671$54,192$53,724$53,267$52,887
2 years$27,308$26,800$26,307$25,829$25,365$24,982
3 years$18,025$17,514$17,022$16,549$16,093$15,718
4 years$13,384$12,875$12,388$11,923$11,478$11,115
5 years$10,600$10,094$9,613$9,158$8,725$8,375
6 years$8,745$8,242$7,769$7,323$6,904$6,567
7 years$7,420$6,922$6,456$6,021$5,615$5,291
8 years$6,427$5,933$5,475$5,051$4,658$4,347
9 years$5,655$5,166$4,716$4,302$3,923$3,625
10 years$5,038$4,554$4,111$3,709$3,342$3,058
11 years$4,533$4,054$3,620$3,228$2,874$2,603
12 years$4,113$3,639$3,212$2,831$2,491$2,232
13 years$3,758$3,288$2,870$2,499$2,172$1,925
14 years$3,453$2,989$2,579$2,219$1,904$1,669
15 years$3,190$2,730$2,328$1,979$1,677$1,453
16 years$2,959$2,505$2,111$1,772$1,482$1,270
17 years$2,756$2,307$1,921$1,592$1,314$1,113
18 years$2,576$2,132$1,753$1,435$1,168$978
19 years$2,415$1,976$1,605$1,296$1,041$861
20 years$2,270$1,836$1,473$1,174$930$760
21 years$2,139$1,710$1,355$1,065$832$672
22 years$2,021$1,596$1,249$969$746$595
23 years$1,912$1,493$1,153$882$670$527
24 years$1,813$1,399$1,066$805$602$468
25 years$1,722$1,313$988$735$542$415
26 years$1,638$1,234$916$672$488$369
27 years$1,561$1,161$851$615$440$329
28 years$1,489$1,094$791$564$397$292
29 years$1,422$1,032$736$517$358$261
30 years$1,360$975$685$474$324$232
31 years$1,302$922$639$436$293$207
32 years$1,247$872$596$400$265$185
33 years$1,196$826$557$368$240$165
34 years$1,148$783$520$339$217$147
35 years$1,103$742$486$312$197$131
36 years$1,061$705$455$287$178$117
37 years$1,021$669$426$265$161$105
38 years$983$636$399$244$146$94
39 years$947$605$374$225$133$84
40 years$913$575$350$207$120$75
41 years$881$548$328$191$109$67
42 years$850$522$308$177$99$60
43 years$821$497$289$163$90$54
44 years$794$474$271$151$82$48
45 years$767$452$255$139$74$43
46 years$742$431$239$128$67$38
47 years$718$411$225$119$61$34
48 years$695$393$211$110$55$31
49 years$673$375$199$101$50$27
50 years$652$358$187$94$46$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $668,000, adding $2,337 every year, while hoping to spend $38,187 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: 47/34/19 Blend
56$668,000$668,000$668,000$668,000
57$738,547$703,143$692,789$769,174
58$773,248$696,966$675,366$784,577
59$810,208$689,207$656,081$797,257
60$849,619$679,747$634,829$810,216
61$891,688$668,462$611,503$823,497
62$936,643$655,220$585,991$837,148
63$984,734$639,879$558,176$851,226
64$1,036,236$622,293$527,934$865,796
65$1,091,450$602,303$495,137$880,933
66$1,150,706$579,743$459,652$896,723
67$1,214,365$554,438$421,338$913,262
68$1,282,826$526,201$380,048$930,661
69$1,356,524$494,835$335,630$949,047
70$1,435,939$460,132$287,923$968,562
71$1,521,598$421,871$236,761$989,368
72$1,614,078$379,820$181,970$1,011,646
73$1,714,016$333,733$123,368$1,035,603
74$1,822,109$283,350$60,765$1,061,471
75$1,939,126$228,396$0$1,089,510
76$2,065,910$168,580$0$1,121,239
77$2,203,390$103,597$0$1,168,988
78$2,352,585$33,123$0$1,220,837
79$2,514,618$0$0$1,277,246
80$2,690,723$0$0$1,354,883
81$2,882,259$0$0$1,452,866
82$3,090,720$0$0$1,559,577
83$3,317,750$0$0$1,675,867
84$3,565,158$0$0$1,802,669
85$3,834,935$0$0$1,941,016
86$4,129,272$0$0$2,092,039
87$4,450,582$0$0$2,256,988
88$4,801,519$0$0$2,437,236
89$5,185,007$0$0$2,634,295
90$5,604,263$0$0$2,849,831
91$6,062,830$0$0$3,085,677
92$6,564,609$0$0$3,343,851
93$7,113,896$0$0$3,626,578
94$7,715,420$0$0$3,936,305
95$8,374,392$0$0$4,275,728
96$9,096,546$0$0$4,647,817
97$9,888,201$0$0$5,055,842
98$10,756,314$0$0$5,503,404
99$11,708,550$0$0$5,994,472
100$12,753,350$0$0$6,533,415