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%14.2%
1 years$54,502$54,017$53,543$53,081$52,629$51,715
2 years$26,981$26,479$25,992$25,520$25,062$24,143
3 years$17,809$17,304$16,818$16,351$15,900$15,007
4 years$13,224$12,720$12,239$11,780$11,340$10,478
5 years$10,473$9,973$9,498$9,048$8,621$7,793
6 years$8,640$8,144$7,676$7,236$6,821$6,028
7 years$7,331$6,839$6,379$5,949$5,547$4,790
8 years$6,350$5,862$5,410$4,990$4,602$3,880
9 years$5,587$5,104$4,659$4,251$3,876$3,188
10 years$4,977$4,499$4,062$3,664$3,302$2,648
11 years$4,479$4,005$3,576$3,189$2,840$2,220
12 years$4,064$3,595$3,174$2,797$2,461$1,873
13 years$3,713$3,249$2,836$2,469$2,146$1,590
14 years$3,412$2,953$2,548$2,192$1,881$1,356
15 years$3,152$2,698$2,300$1,955$1,656$1,160
16 years$2,924$2,475$2,086$1,750$1,464$997
17 years$2,723$2,279$1,898$1,573$1,298$858
18 years$2,545$2,106$1,732$1,417$1,154$741
19 years$2,386$1,952$1,586$1,281$1,029$641
20 years$2,243$1,814$1,456$1,160$919$555
21 years$2,114$1,690$1,339$1,053$822$481
22 years$1,996$1,577$1,234$957$737$418
23 years$1,889$1,475$1,139$872$662$364
24 years$1,792$1,382$1,054$795$595$316
25 years$1,702$1,297$976$726$535$276
26 years$1,619$1,219$905$664$482$240
27 years$1,542$1,147$840$608$435$209
28 years$1,471$1,081$781$557$392$183
29 years$1,405$1,020$727$511$354$160
30 years$1,343$963$677$469$320$139
31 years$1,286$910$631$430$289$122
32 years$1,232$861$589$395$262$106
33 years$1,182$816$550$364$237$93
34 years$1,135$773$514$335$214$81
35 years$1,090$733$480$308$194$71
36 years$1,048$696$449$284$176$62
37 years$1,009$661$421$261$159$54
38 years$971$628$394$241$145$48
39 years$936$597$369$222$131$42
40 years$902$568$346$205$119$36
41 years$871$541$324$189$108$32
42 years$840$515$304$174$98$28
43 years$812$491$286$161$89$24
44 years$784$468$268$149$81$21
45 years$758$446$252$137$73$19
46 years$733$426$236$127$66$16
47 years$710$406$222$117$60$14
48 years$687$388$209$108$55$13
49 years$665$370$196$100$50$11
50 years$644$354$184$93$45$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $660,000, adding $5,559 every year, while hoping to spend $46,418 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: 70/7/23 Blend
56$660,000$660,000$660,000$660,000
57$733,054$698,074$687,844$779,768
58$758,437$682,891$661,498$796,521
59$784,854$665,409$632,715$808,901
60$812,360$645,465$601,362$821,335
61$841,016$622,889$567,303$833,823
62$870,889$597,499$530,396$846,370
63$902,046$569,103$490,492$858,980
64$934,566$537,500$447,434$871,660
65$968,528$502,474$401,059$884,418
66$1,004,021$463,799$351,198$897,265
67$1,041,141$421,235$297,673$910,215
68$1,079,991$374,528$240,299$923,285
69$1,120,682$323,412$178,880$936,496
70$1,163,335$267,603$113,216$949,873
71$1,208,081$206,802$43,095$963,444
72$1,255,064$140,693$0$977,244
73$1,304,436$68,943$0$999,102
74$1,356,368$0$0$1,033,069
75$1,411,041$0$0$1,069,349
76$1,468,656$0$0$1,113,190
77$1,529,428$0$0$1,159,448
78$1,593,594$0$0$1,208,305
79$1,661,413$0$0$1,259,959
80$1,733,165$0$0$1,314,626
81$1,809,158$0$0$1,372,544
82$1,889,727$0$0$1,433,969
83$1,975,239$0$0$1,499,185
84$2,066,096$0$0$1,568,499
85$2,162,735$0$0$1,642,250
86$2,265,638$0$0$1,720,808
87$2,375,329$0$0$1,804,576
88$2,492,385$0$0$1,893,998
89$2,617,435$0$0$1,989,561
90$2,751,172$0$0$2,091,795
91$2,894,352$0$0$2,201,285
92$3,047,808$0$0$2,318,671
93$3,212,451$0$0$2,444,655
94$3,389,280$0$0$2,580,009
95$3,579,395$0$0$2,725,577
96$3,784,001$0$0$2,882,290
97$4,004,421$0$0$3,051,166
98$4,242,108$0$0$3,233,326
99$4,498,661$0$0$3,430,001
100$4,775,834$0$0$3,642,544