Can I retire at age 57 with 663,000?

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 $663,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$54,750$54,262$53,786$53,322$52,869$52,469
2 years$27,104$26,599$26,110$25,636$25,176$24,773
3 years$17,890$17,383$16,895$16,425$15,972$15,579
4 years$13,284$12,778$12,295$11,833$11,392$11,011
5 years$10,521$10,018$9,542$9,089$8,660$8,292
6 years$8,679$8,181$7,711$7,269$6,852$6,498
7 years$7,365$6,870$6,408$5,976$5,573$5,233
8 years$6,379$5,889$5,434$5,013$4,623$4,297
9 years$5,613$5,127$4,681$4,270$3,893$3,581
10 years$5,000$4,520$4,081$3,681$3,317$3,019
11 years$4,499$4,023$3,593$3,203$2,853$2,568
12 years$4,082$3,611$3,188$2,810$2,472$2,201
13 years$3,729$3,264$2,849$2,481$2,156$1,897
14 years$3,427$2,966$2,559$2,202$1,890$1,644
15 years$3,166$2,710$2,311$1,964$1,664$1,430
16 years$2,937$2,486$2,095$1,758$1,471$1,249
17 years$2,736$2,290$1,906$1,580$1,304$1,094
18 years$2,557$2,116$1,740$1,424$1,159$960
19 years$2,397$1,961$1,593$1,287$1,033$845
20 years$2,253$1,822$1,462$1,165$923$745
21 years$2,123$1,697$1,345$1,057$826$658
22 years$2,006$1,584$1,240$962$740$582
23 years$1,898$1,482$1,144$876$665$516
24 years$1,800$1,388$1,058$799$597$457
25 years$1,709$1,303$980$729$538$406
26 years$1,626$1,225$909$667$484$360
27 years$1,549$1,152$844$610$437$320
28 years$1,478$1,086$785$559$394$285
29 years$1,411$1,024$730$513$356$254
30 years$1,350$968$680$471$321$226
31 years$1,292$915$634$432$291$201
32 years$1,238$865$592$397$263$179
33 years$1,187$820$553$365$238$160
34 years$1,140$777$516$336$215$143
35 years$1,095$737$483$309$195$127
36 years$1,053$699$452$285$177$114
37 years$1,013$664$423$263$160$102
38 years$976$631$396$242$145$91
39 years$940$600$371$223$132$81
40 years$906$571$348$206$119$72
41 years$874$544$326$190$108$65
42 years$844$518$306$175$98$58
43 years$815$493$287$162$89$52
44 years$788$470$269$149$81$46
45 years$762$448$253$138$74$41
46 years$737$428$237$127$67$37
47 years$713$408$223$118$61$33
48 years$690$390$210$109$55$29
49 years$668$372$197$101$50$26
50 years$647$355$185$93$45$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $663,000, adding $6,334 every year, while hoping to spend $51,116 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: 54/36/10 Blend
56$663,000$663,000$663,000$663,000
57$737,160$702,021$691,744$774,775
58$757,963$682,032$660,530$781,014
59$779,175$659,352$626,558$781,691
60$800,783$633,793$589,680$781,221
61$822,773$605,158$549,744$779,504
62$845,125$573,241$506,590$776,436
63$867,818$537,820$460,051$771,901
64$890,825$498,662$409,952$765,779
65$914,115$455,523$356,112$757,940
66$937,652$408,141$298,339$748,244
67$961,395$356,241$236,435$736,543
68$985,294$299,534$170,193$722,676
69$1,009,295$237,712$99,395$706,472
70$1,033,334$170,451$23,816$687,749
71$1,057,339$97,409$0$666,310
72$1,081,229$18,223$0$648,009
73$1,104,912$0$0$629,662
74$1,128,281$0$0$635,246
75$1,151,221$0$0$647,757
76$1,173,598$0$0$659,898
77$1,195,263$0$0$671,578
78$1,216,050$0$0$682,697
79$1,235,771$0$0$693,143
80$1,254,219$0$0$702,790
81$1,271,158$0$0$711,498
82$1,286,329$0$0$719,110
83$1,299,441$0$0$725,453
84$1,310,170$0$0$730,331
85$1,318,157$0$0$733,530
86$1,323,001$0$0$734,810
87$1,324,255$0$0$733,904
88$1,321,427$0$0$730,515
89$1,313,966$0$0$724,316
90$1,301,263$0$0$714,943
91$1,282,643$0$0$701,991
92$1,257,356$0$0$685,012
93$1,224,572$0$0$663,512
94$1,183,371$0$0$636,940
95$1,132,736$0$0$604,690
96$1,071,538$0$0$566,087
97$998,531$0$0$520,388
98$912,335$0$0$466,769
99$811,424$0$0$404,320
100$694,110$0$0$332,034