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%19%
1 years$54,915$54,426$53,949$53,483$53,028$51,106
2 years$27,186$26,679$26,189$25,713$25,251$23,336
3 years$17,944$17,435$16,946$16,475$16,021$14,172
4 years$13,324$12,817$12,332$11,869$11,426$9,659
5 years$10,552$10,049$9,570$9,117$8,686$7,004
6 years$8,705$8,205$7,734$7,291$6,873$5,278
7 years$7,387$6,891$6,427$5,994$5,589$4,081
8 years$6,398$5,907$5,451$5,028$4,637$3,214
9 years$5,630$5,143$4,695$4,283$3,905$2,565
10 years$5,015$4,533$4,093$3,692$3,327$2,068
11 years$4,513$4,036$3,603$3,213$2,862$1,681
12 years$4,094$3,622$3,198$2,818$2,480$1,375
13 years$3,741$3,273$2,857$2,488$2,162$1,130
14 years$3,438$2,975$2,567$2,209$1,896$932
15 years$3,175$2,718$2,318$1,970$1,669$771
16 years$2,946$2,494$2,101$1,764$1,475$640
17 years$2,744$2,297$1,912$1,585$1,308$532
18 years$2,565$2,122$1,746$1,428$1,163$443
19 years$2,404$1,967$1,598$1,290$1,037$370
20 years$2,260$1,828$1,467$1,169$926$309
21 years$2,130$1,702$1,349$1,061$829$258
22 years$2,012$1,589$1,243$964$743$216
23 years$1,904$1,486$1,148$878$667$181
24 years$1,805$1,393$1,062$801$599$152
25 years$1,714$1,307$983$732$539$127
26 years$1,631$1,228$912$669$486$107
27 years$1,554$1,156$847$612$438$89
28 years$1,482$1,089$787$561$395$75
29 years$1,416$1,028$733$514$357$63
30 years$1,354$970$682$472$322$53
31 years$1,296$917$636$434$291$44
32 years$1,242$868$594$398$264$37
33 years$1,191$822$554$366$239$31
34 years$1,143$779$518$337$216$26
35 years$1,098$739$484$310$196$22
36 years$1,056$701$453$286$177$19
37 years$1,016$666$424$263$161$16
38 years$979$633$397$243$146$13
39 years$943$602$372$224$132$11
40 years$909$573$349$206$120$9
41 years$877$545$327$190$109$8
42 years$847$519$307$176$99$7
43 years$818$495$288$162$90$5
44 years$790$472$270$150$81$5
45 years$764$450$254$138$74$4
46 years$739$429$238$128$67$3
47 years$715$409$224$118$61$3
48 years$692$391$210$109$55$2
49 years$670$373$198$101$50$2
50 years$649$357$186$93$46$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $665,000, adding $4,904 every year, while hoping to spend $48,295 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: 76/17/7 Blend
56$665,000$665,000$665,000$665,000
57$737,888$702,643$692,336$792,940
58$761,768$685,688$664,144$812,854
59$786,464$666,282$633,388$827,994
60$812,009$644,256$599,933$843,188
61$838,438$619,429$563,635$858,421
62$865,786$591,608$524,344$873,679
63$894,092$560,592$481,905$888,946
64$923,394$526,166$436,154$904,204
65$953,735$488,103$386,920$919,438
66$985,161$446,165$334,026$934,629
67$1,017,717$400,096$277,285$949,759
68$1,051,454$349,631$216,504$964,806
69$1,086,425$294,485$151,480$979,751
70$1,122,686$234,361$82,000$994,573
71$1,160,297$168,942$7,845$1,009,250
72$1,199,323$97,896$0$1,023,758
73$1,239,830$20,869$0$1,043,401
74$1,281,891$0$0$1,063,800
75$1,325,584$0$0$1,096,058
76$1,370,992$0$0$1,133,642
77$1,418,202$0$0$1,172,722
78$1,467,310$0$0$1,213,376
79$1,518,417$0$0$1,255,691
80$1,571,632$0$0$1,299,755
81$1,627,073$0$0$1,345,668
82$1,684,866$0$0$1,393,533
83$1,745,146$0$0$1,443,465
84$1,808,060$0$0$1,495,586
85$1,873,766$0$0$1,550,027
86$1,942,434$0$0$1,606,931
87$2,014,249$0$0$1,666,451
88$2,089,411$0$0$1,728,753
89$2,168,134$0$0$1,794,019
90$2,250,654$0$0$1,862,443
91$2,337,225$0$0$1,934,238
92$2,428,121$0$0$2,009,634
93$2,523,642$0$0$2,088,880
94$2,624,114$0$0$2,172,248
95$2,729,890$0$0$2,260,034
96$2,841,356$0$0$2,352,561
97$2,958,931$0$0$2,450,178
98$3,083,074$0$0$2,553,269
99$3,214,283$0$0$2,662,249
100$3,353,102$0$0$2,777,575