Can I retire at age 57 with 665,000?

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 $665,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$54,915$54,426$53,949$53,483$53,028$51,496
2 years$27,186$26,679$26,189$25,713$25,251$23,720
3 years$17,944$17,435$16,946$16,475$16,021$14,538
4 years$13,324$12,817$12,332$11,869$11,426$10,003
5 years$10,552$10,049$9,570$9,117$8,686$7,327
6 years$8,705$8,205$7,734$7,291$6,873$5,579
7 years$7,387$6,891$6,427$5,994$5,589$4,361
8 years$6,398$5,907$5,451$5,028$4,637$3,473
9 years$5,630$5,143$4,695$4,283$3,905$2,804
10 years$5,015$4,533$4,093$3,692$3,327$2,288
11 years$4,513$4,036$3,603$3,213$2,862$1,883
12 years$4,094$3,622$3,198$2,818$2,480$1,559
13 years$3,741$3,273$2,857$2,488$2,162$1,298
14 years$3,438$2,975$2,567$2,209$1,896$1,085
15 years$3,175$2,718$2,318$1,970$1,669$910
16 years$2,946$2,494$2,101$1,764$1,475$766
17 years$2,744$2,297$1,912$1,585$1,308$646
18 years$2,565$2,122$1,746$1,428$1,163$546
19 years$2,404$1,967$1,598$1,290$1,037$462
20 years$2,260$1,828$1,467$1,169$926$391
21 years$2,130$1,702$1,349$1,061$829$332
22 years$2,012$1,589$1,243$964$743$282
23 years$1,904$1,486$1,148$878$667$240
24 years$1,805$1,393$1,062$801$599$204
25 years$1,714$1,307$983$732$539$174
26 years$1,631$1,228$912$669$486$148
27 years$1,554$1,156$847$612$438$126
28 years$1,482$1,089$787$561$395$107
29 years$1,416$1,028$733$514$357$91
30 years$1,354$970$682$472$322$78
31 years$1,296$917$636$434$291$66
32 years$1,242$868$594$398$264$57
33 years$1,191$822$554$366$239$48
34 years$1,143$779$518$337$216$41
35 years$1,098$739$484$310$196$35
36 years$1,056$701$453$286$177$30
37 years$1,016$666$424$263$161$26
38 years$979$633$397$243$146$22
39 years$943$602$372$224$132$19
40 years$909$573$349$206$120$16
41 years$877$545$327$190$109$14
42 years$847$519$307$176$99$12
43 years$818$495$288$162$90$10
44 years$790$472$270$150$81$8
45 years$764$450$254$138$74$7
46 years$739$429$238$128$67$6
47 years$715$409$224$118$61$5
48 years$692$391$210$109$55$5
49 years$670$373$198$101$50$4
50 years$649$357$186$93$46$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $665,000, adding $3,741 every year, while hoping to spend $23,354 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: 76/16/8 Blend
56$665,000$665,000$665,000$665,000
57$736,689$701,444$691,136$791,525
58$786,983$710,966$689,441$837,633
59$841,624$720,172$686,906$884,800
60$901,031$729,022$683,479$935,828
61$965,664$737,473$679,104$991,090
62$1,036,032$745,479$673,723$1,050,998
63$1,112,690$752,990$667,277$1,116,007
64$1,196,254$759,956$659,700$1,186,617
65$1,287,399$766,321$650,926$1,263,378
66$1,386,868$772,025$640,886$1,346,898
67$1,495,479$777,005$629,507$1,437,846
68$1,614,134$781,194$616,712$1,536,958
69$1,743,825$784,522$602,421$1,645,047
70$1,885,643$786,911$586,550$1,763,008
71$2,040,790$788,282$569,011$1,891,828
72$2,210,592$788,549$549,714$2,032,592
73$2,396,505$787,620$528,562$2,186,500
74$2,600,134$785,400$505,455$2,354,870
75$2,823,249$781,785$480,288$2,539,159
76$3,067,794$776,667$452,952$2,740,968
77$3,335,916$769,930$423,333$2,962,066
78$3,629,975$761,452$391,310$3,204,400
79$3,952,572$751,103$356,759$3,470,116
80$4,306,574$738,746$319,549$3,761,581
81$4,695,134$724,234$279,544$4,081,401
82$5,121,731$707,415$236,601$4,432,452
83$5,590,192$688,123$190,573$4,817,899
84$6,104,738$666,187$141,302$5,241,235
85$6,670,013$641,422$88,628$5,706,308
86$7,291,139$613,636$32,382$6,217,358
87$7,973,754$582,623$0$6,779,060
88$8,724,071$548,166$0$7,398,926
89$9,548,937$510,037$0$8,083,378
90$10,455,891$467,991$0$8,835,925
91$11,453,243$421,774$0$9,663,481
92$12,550,147$371,114$0$10,573,669
93$13,756,688$315,725$0$11,574,887
94$15,083,979$255,304$0$12,676,391
95$16,544,263$189,532$0$13,888,382
96$18,151,030$118,072$0$15,222,101
97$19,919,144$40,566$0$16,689,937
98$21,864,982$0$0$18,305,542
99$24,006,589$0$0$20,091,599
100$26,363,848$0$0$22,065,397