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%18.2%
1 years$54,502$54,017$53,543$53,081$52,629$50,884
2 years$26,981$26,479$25,992$25,520$25,062$23,320
3 years$17,809$17,304$16,818$16,351$15,900$14,217
4 years$13,224$12,720$12,239$11,780$11,340$9,728
5 years$10,473$9,973$9,498$9,048$8,621$7,084
6 years$8,640$8,144$7,676$7,236$6,821$5,362
7 years$7,331$6,839$6,379$5,949$5,547$4,165
8 years$6,350$5,862$5,410$4,990$4,602$3,296
9 years$5,587$5,104$4,659$4,251$3,876$2,643
10 years$4,977$4,499$4,062$3,664$3,302$2,142
11 years$4,479$4,005$3,576$3,189$2,840$1,750
12 years$4,064$3,595$3,174$2,797$2,461$1,439
13 years$3,713$3,249$2,836$2,469$2,146$1,189
14 years$3,412$2,953$2,548$2,192$1,881$986
15 years$3,152$2,698$2,300$1,955$1,656$821
16 years$2,924$2,475$2,086$1,750$1,464$685
17 years$2,723$2,279$1,898$1,573$1,298$573
18 years$2,545$2,106$1,732$1,417$1,154$480
19 years$2,386$1,952$1,586$1,281$1,029$403
20 years$2,243$1,814$1,456$1,160$919$339
21 years$2,114$1,690$1,339$1,053$822$285
22 years$1,996$1,577$1,234$957$737$240
23 years$1,889$1,475$1,139$872$662$202
24 years$1,792$1,382$1,054$795$595$171
25 years$1,702$1,297$976$726$535$144
26 years$1,619$1,219$905$664$482$121
27 years$1,542$1,147$840$608$435$103
28 years$1,471$1,081$781$557$392$87
29 years$1,405$1,020$727$511$354$73
30 years$1,343$963$677$469$320$62
31 years$1,286$910$631$430$289$52
32 years$1,232$861$589$395$262$44
33 years$1,182$816$550$364$237$37
34 years$1,135$773$514$335$214$32
35 years$1,090$733$480$308$194$27
36 years$1,048$696$449$284$176$23
37 years$1,009$661$421$261$159$19
38 years$971$628$394$241$145$16
39 years$936$597$369$222$131$14
40 years$902$568$346$205$119$12
41 years$871$541$324$189$108$10
42 years$840$515$304$174$98$8
43 years$812$491$286$161$89$7
44 years$784$468$268$149$81$6
45 years$758$446$252$137$73$5
46 years$733$426$236$127$66$4
47 years$710$406$222$117$60$4
48 years$687$388$209$108$55$3
49 years$665$370$196$100$50$3
50 years$644$354$184$93$45$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $660,000, adding $3,072 every year, while hoping to spend $23,928 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: 70/17/13 Blend
56$660,000$660,000$660,000$660,000
57$730,489$695,509$685,279$779,333
58$779,539$704,129$682,776$820,779
59$832,791$712,371$679,388$862,940
60$890,648$720,188$675,059$908,452
61$953,552$727,536$669,732$957,643
62$1,021,992$734,363$663,346$1,010,871
63$1,096,506$740,617$655,839$1,068,534
64$1,177,683$746,242$647,143$1,131,068
65$1,266,175$751,175$637,190$1,198,954
66$1,362,696$755,354$625,907$1,272,723
67$1,468,035$758,710$613,219$1,352,962
68$1,583,057$761,170$599,045$1,440,314
69$1,708,719$762,657$583,303$1,535,491
70$1,846,070$763,089$565,905$1,639,279
71$1,996,268$762,379$546,761$1,752,540
72$2,160,585$760,434$525,776$1,876,229
73$2,340,425$757,155$502,850$2,011,396
74$2,537,331$752,439$477,878$2,159,201
75$2,753,005$746,174$450,753$2,320,921
76$2,989,318$738,243$421,360$2,497,964
77$3,248,334$728,523$389,581$2,691,884
78$3,532,324$716,880$355,292$2,904,392
79$3,843,790$703,176$318,363$3,137,377
80$4,185,487$687,262$278,659$3,392,919
81$4,560,450$668,982$236,037$3,673,313
82$4,972,024$648,169$190,352$3,981,088
83$5,423,889$624,649$141,448$4,319,034
84$5,920,103$598,234$89,164$4,690,225
85$6,465,135$568,729$33,332$5,098,051
86$7,063,908$535,925$0$5,546,249
87$7,721,844$499,603$0$6,042,579
88$8,444,918$459,530$0$6,593,113
89$9,239,713$415,460$0$7,198,256
90$10,113,479$367,133$0$7,863,555
91$11,074,205$314,274$0$8,595,125
92$12,130,694$256,593$0$9,399,702
93$13,292,643$193,784$0$10,284,713
94$14,570,736$125,523$0$11,258,341
95$15,976,745$51,468$0$12,329,607
96$17,523,641$0$0$13,508,452
97$19,225,713$0$0$14,811,207
98$21,098,710$0$0$16,255,422
99$23,159,978$0$0$17,844,851
100$25,428,637$0$0$19,594,240