Can I retire at age 57 with 662,000?

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 $662,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$54,667$54,180$53,705$53,242$52,789$52,500
2 years$27,063$26,559$26,071$25,597$25,138$24,846
3 years$17,863$17,357$16,869$16,400$15,948$15,663
4 years$13,264$12,759$12,277$11,815$11,374$11,098
5 years$10,505$10,003$9,527$9,075$8,647$8,380
6 years$8,666$8,168$7,699$7,258$6,842$6,585
7 years$7,353$6,860$6,398$5,967$5,564$5,317
8 years$6,369$5,880$5,426$5,005$4,616$4,379
9 years$5,604$5,120$4,674$4,264$3,887$3,660
10 years$4,993$4,513$4,075$3,675$3,312$3,095
11 years$4,492$4,017$3,587$3,199$2,849$2,641
12 years$4,076$3,606$3,183$2,806$2,469$2,270
13 years$3,724$3,259$2,844$2,477$2,153$1,963
14 years$3,422$2,962$2,556$2,199$1,887$1,706
15 years$3,161$2,706$2,307$1,961$1,661$1,490
16 years$2,933$2,483$2,092$1,756$1,468$1,305
17 years$2,732$2,286$1,904$1,578$1,302$1,147
18 years$2,553$2,113$1,738$1,422$1,158$1,011
19 years$2,393$1,958$1,591$1,285$1,032$893
20 years$2,250$1,819$1,460$1,163$922$790
21 years$2,120$1,695$1,343$1,056$825$700
22 years$2,003$1,582$1,238$960$739$622
23 years$1,895$1,480$1,143$874$664$553
24 years$1,797$1,386$1,057$797$597$492
25 years$1,707$1,301$979$728$537$438
26 years$1,624$1,223$908$666$483$391
27 years$1,547$1,151$843$610$436$349
28 years$1,475$1,084$784$558$393$312
29 years$1,409$1,023$729$512$355$278
30 years$1,348$966$679$470$321$249
31 years$1,290$913$633$432$290$223
32 years$1,236$864$591$397$262$199
33 years$1,186$818$552$365$238$179
34 years$1,138$776$515$336$215$160
35 years$1,093$736$482$309$195$143
36 years$1,051$698$451$285$176$128
37 years$1,012$663$422$262$160$115
38 years$974$630$395$242$145$103
39 years$939$599$370$223$131$93
40 years$905$570$347$206$119$83
41 years$873$543$325$190$108$75
42 years$843$517$305$175$98$67
43 years$814$492$286$162$89$60
44 years$787$469$269$149$81$54
45 years$760$448$252$138$73$48
46 years$735$427$237$127$67$43
47 years$712$408$223$118$61$39
48 years$689$389$209$109$55$35
49 years$667$372$197$100$50$31
50 years$646$355$185$93$45$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $662,000, adding $6,238 every year, while hoping to spend $38,607 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: 74/20/6 Blend
56$662,000$662,000$662,000$662,000
57$735,958$700,872$690,611$789,466
58$769,949$694,138$672,669$818,806
59$806,112$685,779$652,832$845,425
60$844,629$675,676$630,996$873,478
61$885,698$663,701$607,051$903,092
62$929,537$649,719$580,885$934,410
63$976,381$633,588$552,376$967,586
64$1,026,494$615,155$521,402$1,002,796
65$1,080,158$594,260$487,832$1,040,229
66$1,137,689$570,733$451,529$1,080,098
67$1,199,430$544,396$412,352$1,122,636
68$1,265,758$515,057$370,151$1,168,102
69$1,337,087$482,517$324,773$1,216,782
70$1,413,871$446,561$276,054$1,268,993
71$1,496,610$406,967$223,826$1,325,083
72$1,585,852$363,496$167,912$1,385,440
73$1,682,199$315,898$108,127$1,450,490
74$1,786,313$263,906$44,279$1,520,706
75$1,898,922$207,242$0$1,596,609
76$2,020,824$145,609$0$1,680,305
77$2,152,899$78,695$0$1,774,028
78$2,296,113$6,169$0$1,875,660
79$2,451,529$0$0$1,985,993
80$2,620,315$0$0$2,121,819
81$2,803,758$0$0$2,270,940
82$3,003,271$0$0$2,433,152
83$3,220,411$0$0$2,609,723
84$3,456,889$0$0$2,802,048
85$3,714,590$0$0$3,011,663
86$3,995,587$0$0$3,240,259
87$4,302,163$0$0$3,489,696
88$4,636,828$0$0$3,762,022
89$5,002,348$0$0$4,059,491
90$5,401,767$0$0$4,384,585
91$5,838,436$0$0$4,740,035
92$6,316,045$0$0$5,128,851
93$6,838,655$0$0$5,554,344
94$7,410,740$0$0$6,020,161
95$8,037,226$0$0$6,530,319
96$8,723,537$0$0$7,089,239
97$9,475,648$0$0$7,701,794
98$10,300,136$0$0$8,373,348
99$11,204,248$0$0$9,109,807
100$12,195,964$0$0$9,917,681