Can I retire at age 57 with 661,000?

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 $661,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$54,585$54,099$53,624$53,161$52,709$51,815
2 years$27,022$26,519$26,031$25,558$25,100$24,201
3 years$17,836$17,330$16,844$16,375$15,924$15,050
4 years$13,244$12,740$12,258$11,798$11,357$10,514
5 years$10,489$9,988$9,513$9,062$8,634$7,823
6 years$8,653$8,156$7,688$7,247$6,831$6,055
7 years$7,342$6,849$6,389$5,958$5,556$4,814
8 years$6,360$5,871$5,418$4,998$4,609$3,901
9 years$5,596$5,112$4,666$4,257$3,882$3,208
10 years$4,985$4,506$4,068$3,670$3,307$2,666
11 years$4,486$4,011$3,582$3,194$2,844$2,236
12 years$4,070$3,600$3,179$2,801$2,465$1,888
13 years$3,718$3,254$2,840$2,473$2,149$1,604
14 years$3,417$2,958$2,552$2,195$1,884$1,368
15 years$3,156$2,702$2,304$1,958$1,659$1,172
16 years$2,928$2,479$2,089$1,753$1,466$1,007
17 years$2,728$2,283$1,901$1,575$1,300$868
18 years$2,549$2,109$1,735$1,420$1,156$750
19 years$2,390$1,955$1,588$1,283$1,030$649
20 years$2,247$1,817$1,458$1,162$920$563
21 years$2,117$1,692$1,341$1,054$824$488
22 years$2,000$1,580$1,236$959$738$425
23 years$1,892$1,477$1,141$873$663$369
24 years$1,794$1,384$1,055$796$596$322
25 years$1,704$1,299$977$727$536$280
26 years$1,621$1,221$906$665$483$245
27 years$1,544$1,149$842$609$435$214
28 years$1,473$1,083$783$558$393$186
29 years$1,407$1,021$728$511$355$163
30 years$1,346$965$678$469$320$142
31 years$1,288$912$632$431$290$124
32 years$1,234$863$590$396$262$109
33 years$1,184$817$551$364$237$95
34 years$1,136$774$515$335$215$83
35 years$1,092$735$481$309$194$73
36 years$1,050$697$450$284$176$64
37 years$1,010$662$421$262$160$56
38 years$973$629$395$241$145$49
39 years$937$598$370$222$131$43
40 years$904$569$346$205$119$38
41 years$872$542$325$189$108$33
42 years$842$516$305$175$98$29
43 years$813$492$286$161$89$25
44 years$785$469$268$149$81$22
45 years$759$447$252$138$73$19
46 years$734$426$237$127$67$17
47 years$711$407$222$117$60$15
48 years$688$388$209$108$55$13
49 years$666$371$196$100$50$11
50 years$645$354$185$93$45$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $661,000, adding $2,911 every year, while hoping to spend $42,648 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: 54/39/7 Blend
56$661,000$661,000$661,000$661,000
57$731,425$696,392$686,146$769,566
58$760,653$685,138$663,755$784,438
59$791,433$671,903$639,184$795,672
60$823,878$656,545$612,316$806,866
61$858,112$638,914$583,027$818,022
62$894,269$618,851$551,188$829,147
63$932,496$596,185$516,664$840,248
64$972,952$570,741$479,314$851,339
65$1,015,814$542,327$438,992$862,436
66$1,061,271$510,746$395,542$873,559
67$1,109,534$475,785$348,805$884,735
68$1,160,829$437,222$298,613$895,997
69$1,215,407$394,819$244,791$907,383
70$1,273,542$348,329$187,155$918,943
71$1,335,533$297,486$125,514$930,731
72$1,401,708$242,013$59,669$942,816
73$1,472,426$181,616$0$955,276
74$1,548,081$115,983$0$968,994
75$1,629,105$44,786$0$988,092
76$1,715,972$0$0$1,008,249
77$1,809,201$0$0$1,043,497
78$1,909,363$0$0$1,102,058
79$2,017,083$0$0$1,165,084
80$2,133,050$0$0$1,232,983
81$2,258,017$0$0$1,306,204
82$2,392,814$0$0$1,385,237
83$2,538,351$0$0$1,470,625
84$2,695,629$0$0$1,562,961
85$2,865,748$0$0$1,662,900
86$3,049,917$0$0$1,771,158
87$3,249,465$0$0$1,888,525
88$3,465,853$0$0$2,015,871
89$3,700,689$0$0$2,154,149
90$3,955,739$0$0$2,304,411
91$4,232,948$0$0$2,467,811
92$4,534,455$0$0$2,645,621
93$4,862,612$0$0$2,839,239
94$5,220,009$0$0$3,050,206
95$5,609,495$0$0$3,280,213
96$6,034,206$0$0$3,531,127
97$6,497,592$0$0$3,804,998
98$7,003,453$0$0$4,104,085
99$7,555,969$0$0$4,430,875
100$8,159,744$0$0$4,788,105