Can I retire at age 57 with 664,000?

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 $664,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$54,832$54,344$53,868$53,402$52,948$51,773
2 years$27,145$26,639$26,149$25,674$25,213$24,036
3 years$17,917$17,409$16,920$16,450$15,996$14,853
4 years$13,304$12,797$12,314$11,851$11,409$10,308
5 years$10,537$10,033$9,556$9,103$8,673$7,618
6 years$8,692$8,193$7,723$7,280$6,862$5,855
7 years$7,376$6,880$6,418$5,985$5,581$4,621
8 years$6,389$5,898$5,443$5,021$4,630$3,717
9 years$5,621$5,135$4,688$4,276$3,899$3,032
10 years$5,008$4,526$4,087$3,686$3,322$2,501
11 years$4,506$4,030$3,598$3,208$2,857$2,080
12 years$4,088$3,617$3,193$2,814$2,476$1,742
13 years$3,735$3,268$2,853$2,484$2,159$1,466
14 years$3,433$2,971$2,563$2,205$1,893$1,240
15 years$3,171$2,714$2,314$1,967$1,666$1,053
16 years$2,942$2,490$2,098$1,761$1,473$897
17 years$2,740$2,293$1,909$1,582$1,306$765
18 years$2,561$2,119$1,743$1,426$1,161$655
19 years$2,401$1,964$1,596$1,288$1,035$561
20 years$2,257$1,825$1,464$1,167$924$482
21 years$2,127$1,700$1,347$1,059$827$414
22 years$2,009$1,587$1,241$963$742$357
23 years$1,901$1,484$1,146$877$666$307
24 years$1,802$1,390$1,060$800$598$265
25 years$1,712$1,305$982$730$538$228
26 years$1,628$1,226$911$668$485$197
27 years$1,551$1,154$846$611$437$170
28 years$1,480$1,088$786$560$395$147
29 years$1,413$1,026$732$514$356$127
30 years$1,352$969$681$471$322$110
31 years$1,294$916$635$433$291$95
32 years$1,240$867$593$398$263$82
33 years$1,189$821$553$366$238$71
34 years$1,142$778$517$337$216$62
35 years$1,097$738$483$310$195$53
36 years$1,055$700$452$285$177$46
37 years$1,015$665$423$263$160$40
38 years$977$632$396$242$145$35
39 years$942$601$371$223$132$30
40 years$908$572$348$206$120$26
41 years$876$544$326$190$109$23
42 years$845$518$306$176$98$20
43 years$816$494$287$162$89$17
44 years$789$471$270$150$81$15
45 years$763$449$253$138$74$13
46 years$738$428$238$128$67$11
47 years$714$409$223$118$61$10
48 years$691$390$210$109$55$8
49 years$669$373$197$101$50$7
50 years$648$356$186$93$45$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $664,000, adding $2,635 every year, while hoping to spend $23,645 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: 47/41/12 Blend
56$664,000$664,000$664,000$664,000
57$734,446$699,254$688,962$766,390
58$784,201$708,359$686,884$797,828
59$838,239$717,118$683,944$829,276
60$896,972$725,489$680,088$862,876
61$960,852$733,427$675,260$898,838
62$1,030,378$740,884$669,400$937,392
63$1,106,098$747,809$662,447$978,791
64$1,188,616$754,148$654,336$1,023,318
65$1,278,597$759,843$644,998$1,071,282
66$1,376,771$764,833$634,362$1,123,029
67$1,483,944$769,051$622,355$1,178,936
68$1,601,000$772,429$608,898$1,239,423
69$1,728,915$774,891$593,909$1,304,954
70$1,868,763$776,360$577,304$1,376,039
71$2,021,726$776,750$558,993$1,453,244
72$2,189,105$775,974$538,882$1,537,194
73$2,372,333$773,936$516,874$1,628,578
74$2,572,989$770,537$492,867$1,728,157
75$2,792,810$765,669$466,754$1,836,772
76$3,033,710$759,220$438,423$1,955,353
77$3,297,796$751,070$407,759$2,084,926
78$3,587,391$741,092$374,639$2,226,623
79$3,905,051$729,152$338,935$2,381,695
80$4,253,593$715,106$300,516$2,551,522
81$4,636,118$698,805$259,241$2,737,630
82$5,056,043$680,087$214,967$2,941,701
83$5,517,132$658,785$167,541$3,165,594
84$6,023,532$634,717$116,806$3,411,360
85$6,579,809$607,695$62,596$3,681,261
86$7,190,996$577,519$4,739$3,977,797
87$7,862,635$543,975$0$4,303,725
88$8,600,833$506,839$0$4,669,387
89$9,412,319$465,875$0$5,071,965
90$10,304,503$420,830$0$5,514,582
91$11,285,552$371,440$0$6,001,353
92$12,364,462$317,425$0$6,536,818
93$13,551,147$258,489$0$7,125,983
94$14,856,527$194,318$0$7,774,370
95$16,292,635$124,582$0$8,488,070
96$17,872,730$48,933$0$9,273,798
97$19,611,419$0$0$10,138,963
98$21,524,799$0$0$11,106,622
99$23,630,602$0$0$12,195,981
100$25,948,372$0$0$13,395,084