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%13.1%
1 years$54,502$54,017$53,543$53,081$52,629$51,950
2 years$26,981$26,479$25,992$25,520$25,062$24,378
3 years$17,809$17,304$16,818$16,351$15,900$15,234
4 years$13,224$12,720$12,239$11,780$11,340$10,696
5 years$10,473$9,973$9,498$9,048$8,621$8,001
6 years$8,640$8,144$7,676$7,236$6,821$6,226
7 years$7,331$6,839$6,379$5,949$5,547$4,978
8 years$6,350$5,862$5,410$4,990$4,602$4,057
9 years$5,587$5,104$4,659$4,251$3,876$3,356
10 years$4,977$4,499$4,062$3,664$3,302$2,807
11 years$4,479$4,005$3,576$3,189$2,840$2,368
12 years$4,064$3,595$3,174$2,797$2,461$2,013
13 years$3,713$3,249$2,836$2,469$2,146$1,721
14 years$3,412$2,953$2,548$2,192$1,881$1,478
15 years$3,152$2,698$2,300$1,955$1,656$1,275
16 years$2,924$2,475$2,086$1,750$1,464$1,103
17 years$2,723$2,279$1,898$1,573$1,298$958
18 years$2,545$2,106$1,732$1,417$1,154$833
19 years$2,386$1,952$1,586$1,281$1,029$726
20 years$2,243$1,814$1,456$1,160$919$634
21 years$2,114$1,690$1,339$1,053$822$555
22 years$1,996$1,577$1,234$957$737$486
23 years$1,889$1,475$1,139$872$662$426
24 years$1,792$1,382$1,054$795$595$374
25 years$1,702$1,297$976$726$535$329
26 years$1,619$1,219$905$664$482$289
27 years$1,542$1,147$840$608$435$254
28 years$1,471$1,081$781$557$392$224
29 years$1,405$1,020$727$511$354$197
30 years$1,343$963$677$469$320$174
31 years$1,286$910$631$430$289$153
32 years$1,232$861$589$395$262$135
33 years$1,182$816$550$364$237$119
34 years$1,135$773$514$335$214$105
35 years$1,090$733$480$308$194$93
36 years$1,048$696$449$284$176$82
37 years$1,009$661$421$261$159$72
38 years$971$628$394$241$145$64
39 years$936$597$369$222$131$56
40 years$902$568$346$205$119$50
41 years$871$541$324$189$108$44
42 years$840$515$304$174$98$39
43 years$812$491$286$161$89$34
44 years$784$468$268$149$81$30
45 years$758$446$252$137$73$27
46 years$733$426$236$127$66$24
47 years$710$406$222$117$60$21
48 years$687$388$209$108$55$19
49 years$665$370$196$100$50$16
50 years$644$354$184$93$45$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $660,000, adding $4,246 every year, while hoping to spend $45,936 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: 51/39/10 Blend
56$660,000$660,000$660,000$660,000
57$731,700$696,720$686,490$766,887
58$757,458$681,983$660,612$776,627
59$784,303$664,986$632,327$781,952
60$812,299$645,567$601,507$786,675
61$841,512$623,558$568,016$790,750
62$872,015$598,781$531,713$794,131
63$903,887$571,048$492,452$796,770
64$937,212$540,157$450,077$798,616
65$972,081$505,899$404,429$799,618
66$1,008,594$468,049$355,338$799,723
67$1,046,858$426,371$302,629$798,877
68$1,086,990$380,616$246,120$797,024
69$1,129,117$330,519$185,618$794,109
70$1,173,374$275,802$120,924$790,072
71$1,219,912$216,170$51,829$784,857
72$1,268,893$151,312$0$778,404
73$1,320,493$80,899$0$772,993
74$1,374,905$4,585$0$772,282
75$1,432,338$0$0$770,702
76$1,493,020$0$0$801,697
77$1,557,202$0$0$836,590
78$1,625,155$0$0$873,565
79$1,697,176$0$0$912,789
80$1,773,591$0$0$954,442
81$1,854,754$0$0$998,723
82$1,941,053$0$0$1,045,849
83$2,032,915$0$0$1,096,058
84$2,130,803$0$0$1,149,609
85$2,235,227$0$0$1,206,787
86$2,346,746$0$0$1,267,905
87$2,465,971$0$0$1,333,305
88$2,593,572$0$0$1,403,362
89$2,730,285$0$0$1,478,487
90$2,876,916$0$0$1,559,133
91$3,034,350$0$0$1,645,795
92$3,203,558$0$0$1,739,017
93$3,385,605$0$0$1,839,395
94$3,581,663$0$0$1,947,587
95$3,793,016$0$0$2,064,313
96$4,021,078$0$0$2,190,363
97$4,267,398$0$0$2,326,609
98$4,533,683$0$0$2,474,006
99$4,821,805$0$0$2,633,605
100$5,133,826$0$0$2,806,562