Can I retire at age 57 with 660,000?

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 $660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$54,502$54,017$53,543$53,081$52,629$50,681
2 years$26,981$26,479$25,992$25,520$25,062$23,121
3 years$17,809$17,304$16,818$16,351$15,900$14,028
4 years$13,224$12,720$12,239$11,780$11,340$9,551
5 years$10,473$9,973$9,498$9,048$8,621$6,919
6 years$8,640$8,144$7,676$7,236$6,821$5,208
7 years$7,331$6,839$6,379$5,949$5,547$4,022
8 years$6,350$5,862$5,410$4,990$4,602$3,164
9 years$5,587$5,104$4,659$4,251$3,876$2,522
10 years$4,977$4,499$4,062$3,664$3,302$2,031
11 years$4,479$4,005$3,576$3,189$2,840$1,648
12 years$4,064$3,595$3,174$2,797$2,461$1,346
13 years$3,713$3,249$2,836$2,469$2,146$1,105
14 years$3,412$2,953$2,548$2,192$1,881$910
15 years$3,152$2,698$2,300$1,955$1,656$752
16 years$2,924$2,475$2,086$1,750$1,464$623
17 years$2,723$2,279$1,898$1,573$1,298$518
18 years$2,545$2,106$1,732$1,417$1,154$431
19 years$2,386$1,952$1,586$1,281$1,029$359
20 years$2,243$1,814$1,456$1,160$919$299
21 years$2,114$1,690$1,339$1,053$822$250
22 years$1,996$1,577$1,234$957$737$209
23 years$1,889$1,475$1,139$872$662$174
24 years$1,792$1,382$1,054$795$595$146
25 years$1,702$1,297$976$726$535$122
26 years$1,619$1,219$905$664$482$102
27 years$1,542$1,147$840$608$435$86
28 years$1,471$1,081$781$557$392$72
29 years$1,405$1,020$727$511$354$60
30 years$1,343$963$677$469$320$50
31 years$1,286$910$631$430$289$42
32 years$1,232$861$589$395$262$35
33 years$1,182$816$550$364$237$30
34 years$1,135$773$514$335$214$25
35 years$1,090$733$480$308$194$21
36 years$1,048$696$449$284$176$17
37 years$1,009$661$421$261$159$15
38 years$971$628$394$241$145$12
39 years$936$597$369$222$131$10
40 years$902$568$346$205$119$9
41 years$871$541$324$189$108$7
42 years$840$515$304$174$98$6
43 years$812$491$286$161$89$5
44 years$784$468$268$149$81$4
45 years$758$446$252$137$73$4
46 years$733$426$236$127$66$3
47 years$710$406$222$117$60$3
48 years$687$388$209$108$55$2
49 years$665$370$196$100$50$2
50 years$644$354$184$93$45$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $660,000, adding $6,020 every year, while hoping to spend $49,704 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: 55/35/10 Blend
56$660,000$660,000$660,000$660,000
57$733,530$698,550$688,320$771,727
58$755,465$679,894$658,494$779,617
59$777,972$658,658$626,003$782,231
60$801,056$634,664$590,705$783,896
61$824,722$607,721$552,452$784,531
62$848,975$577,629$511,090$784,047
63$873,814$544,178$466,456$782,352
64$899,243$507,141$418,381$779,347
65$925,258$466,284$366,689$774,926
66$951,857$421,355$311,196$768,975
67$979,034$372,089$251,709$761,375
68$1,006,781$318,207$188,027$751,996
69$1,035,087$259,413$119,940$740,703
70$1,063,937$195,395$47,229$727,350
71$1,093,312$125,823$0$711,780
72$1,123,191$50,349$0$697,068
73$1,153,545$0$0$685,385
74$1,184,343$0$0$683,615
75$1,215,547$0$0$701,449
76$1,247,110$0$0$719,468
77$1,278,982$0$0$737,639
78$1,311,102$0$0$755,924
79$1,343,400$0$0$774,280
80$1,375,798$0$0$792,658
81$1,408,204$0$0$811,001
82$1,440,516$0$0$829,246
83$1,472,617$0$0$847,321
84$1,504,376$0$0$865,145
85$1,535,642$0$0$882,626
86$1,566,250$0$0$899,661
87$1,596,009$0$0$916,135
88$1,624,709$0$0$931,917
89$1,652,112$0$0$946,862
90$1,677,953$0$0$960,808
91$1,701,936$0$0$973,574
92$1,723,729$0$0$984,957
93$1,742,963$0$0$994,731
94$1,759,227$0$0$1,002,646
95$1,772,062$0$0$1,008,421
96$1,780,958$0$0$1,011,745
97$1,785,348$0$0$1,012,274
98$1,784,602$0$0$1,009,622
99$1,778,020$0$0$1,003,364
100$1,764,825$0$0$993,026