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%11.9%
1 years$55,163$54,671$54,192$53,724$53,267$52,843
2 years$27,308$26,800$26,307$25,829$25,365$24,938
3 years$18,025$17,514$17,022$16,549$16,093$15,675
4 years$13,384$12,875$12,388$11,923$11,478$11,073
5 years$10,600$10,094$9,613$9,158$8,725$8,335
6 years$8,745$8,242$7,769$7,323$6,904$6,528
7 years$7,420$6,922$6,456$6,021$5,615$5,254
8 years$6,427$5,933$5,475$5,051$4,658$4,312
9 years$5,655$5,166$4,716$4,302$3,923$3,592
10 years$5,038$4,554$4,111$3,709$3,342$3,026
11 years$4,533$4,054$3,620$3,228$2,874$2,572
12 years$4,113$3,639$3,212$2,831$2,491$2,203
13 years$3,758$3,288$2,870$2,499$2,172$1,898
14 years$3,453$2,989$2,579$2,219$1,904$1,643
15 years$3,190$2,730$2,328$1,979$1,677$1,429
16 years$2,959$2,505$2,111$1,772$1,482$1,247
17 years$2,756$2,307$1,921$1,592$1,314$1,091
18 years$2,576$2,132$1,753$1,435$1,168$958
19 years$2,415$1,976$1,605$1,296$1,041$842
20 years$2,270$1,836$1,473$1,174$930$742
21 years$2,139$1,710$1,355$1,065$832$655
22 years$2,021$1,596$1,249$969$746$579
23 years$1,912$1,493$1,153$882$670$512
24 years$1,813$1,399$1,066$805$602$454
25 years$1,722$1,313$988$735$542$402
26 years$1,638$1,234$916$672$488$357
27 years$1,561$1,161$851$615$440$317
28 years$1,489$1,094$791$564$397$282
29 years$1,422$1,032$736$517$358$251
30 years$1,360$975$685$474$324$223
31 years$1,302$922$639$436$293$199
32 years$1,247$872$596$400$265$177
33 years$1,196$826$557$368$240$158
34 years$1,148$783$520$339$217$141
35 years$1,103$742$486$312$197$125
36 years$1,061$705$455$287$178$112
37 years$1,021$669$426$265$161$100
38 years$983$636$399$244$146$89
39 years$947$605$374$225$133$79
40 years$913$575$350$207$120$71
41 years$881$548$328$191$109$63
42 years$850$522$308$177$99$56
43 years$821$497$289$163$90$50
44 years$794$474$271$151$82$45
45 years$767$452$255$139$74$40
46 years$742$431$239$128$67$36
47 years$718$411$225$119$61$32
48 years$695$393$211$110$55$29
49 years$673$375$199$101$50$26
50 years$652$358$187$94$46$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $668,000, adding $6,815 every year, while hoping to spend $54,908 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: 72/12/16 Blend
56$668,000$668,000$668,000$668,000
57$743,166$707,762$697,408$793,478
58$760,547$684,020$662,349$804,026
59$777,861$657,275$624,276$808,257
60$795,042$627,322$583,029$811,459
61$812,018$593,942$538,442$813,520
62$828,706$556,907$490,342$814,316
63$845,013$515,974$438,547$813,713
64$860,834$470,887$382,868$811,565
65$876,052$421,373$323,107$807,713
66$890,536$367,147$259,058$801,981
67$904,138$307,905$190,504$794,181
68$916,696$243,328$117,221$784,103
69$928,025$173,077$38,974$771,522
70$937,920$96,795$0$756,190
71$946,155$14,105$0$745,439
72$952,476$0$0$738,966
73$956,601$0$0$739,790
74$958,216$0$0$740,466
75$956,974$0$0$738,856
76$952,486$0$0$734,651
77$944,325$0$0$727,511
78$932,014$0$0$717,058
79$915,025$0$0$702,872
80$892,774$0$0$684,488
81$864,612$0$0$661,391
82$829,822$0$0$633,011
83$787,610$0$0$598,718
84$737,096$0$0$557,813
85$677,308$0$0$509,523
86$607,170$0$0$452,995
87$525,492$0$0$387,283
88$430,960$0$0$311,342
89$322,118$0$0$224,020
90$197,362$0$0$124,039
91$54,917$0$0$9,991
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0