Can I retire at age 57 with 666,000?

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 $666,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$54,998$54,508$54,030$53,563$53,108$52,597
2 years$27,227$26,719$26,228$25,752$25,289$24,775
3 years$17,971$17,461$16,971$16,499$16,045$15,542
4 years$13,344$12,836$12,351$11,887$11,443$10,957
5 years$10,568$10,064$9,585$9,130$8,699$8,230
6 years$8,719$8,218$7,746$7,302$6,883$6,432
7 years$7,398$6,901$6,437$6,003$5,598$5,165
8 years$6,408$5,916$5,459$5,036$4,644$4,230
9 years$5,638$5,151$4,702$4,289$3,911$3,515
10 years$5,023$4,540$4,099$3,697$3,332$2,954
11 years$4,520$4,042$3,609$3,218$2,866$2,505
12 years$4,101$3,628$3,203$2,823$2,483$2,140
13 years$3,746$3,278$2,861$2,492$2,166$1,839
14 years$3,443$2,980$2,571$2,212$1,898$1,588
15 years$3,180$2,722$2,321$1,973$1,672$1,377
16 years$2,951$2,498$2,105$1,766$1,477$1,198
17 years$2,748$2,300$1,915$1,587$1,310$1,046
18 years$2,569$2,125$1,748$1,430$1,165$915
19 years$2,408$1,970$1,600$1,292$1,038$802
20 years$2,264$1,830$1,469$1,170$927$705
21 years$2,133$1,705$1,351$1,062$830$620
22 years$2,015$1,592$1,245$966$744$547
23 years$1,907$1,489$1,150$880$668$482
24 years$1,808$1,395$1,063$802$600$426
25 years$1,717$1,309$985$733$540$377
26 years$1,633$1,230$913$670$486$333
27 years$1,556$1,158$848$613$439$295
28 years$1,484$1,091$788$562$396$261
29 years$1,418$1,029$734$515$357$232
30 years$1,356$972$683$473$323$206
31 years$1,298$919$637$434$292$182
32 years$1,244$869$594$399$264$162
33 years$1,193$823$555$367$239$144
34 years$1,145$780$519$338$216$128
35 years$1,100$740$485$311$196$114
36 years$1,058$702$454$286$178$101
37 years$1,018$667$425$264$161$90
38 years$980$634$398$243$146$80
39 years$944$603$372$224$132$71
40 years$911$574$349$207$120$63
41 years$878$546$327$191$109$56
42 years$848$520$307$176$99$50
43 years$819$495$288$163$90$44
44 years$791$472$270$150$81$40
45 years$765$450$254$139$74$35
46 years$740$430$239$128$67$31
47 years$716$410$224$118$61$28
48 years$693$391$211$109$55$25
49 years$671$374$198$101$50$22
50 years$650$357$186$93$46$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $666,000, adding $5,777 every year, while hoping to spend $43,041 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: 77/6/17 Blend
56$666,000$666,000$666,000$666,000
57$739,891$704,593$694,270$793,634
58$769,565$693,323$671,733$818,656
59$800,822$680,058$646,998$840,125
60$833,780$664,655$619,947$862,499
61$868,565$646,962$590,454$885,853
62$905,315$626,819$558,390$910,274
63$944,180$604,056$523,619$935,853
64$985,325$578,494$485,999$962,694
65$1,028,929$549,941$445,381$990,912
66$1,075,188$518,196$401,610$1,020,633
67$1,124,317$483,048$354,524$1,051,997
68$1,176,551$444,270$303,953$1,085,159
69$1,232,144$401,625$249,721$1,120,292
70$1,291,380$354,861$191,643$1,157,585
71$1,354,564$303,713$129,527$1,197,249
72$1,422,034$247,900$63,171$1,239,518
73$1,494,160$187,125$0$1,284,648
74$1,571,345$121,075$0$1,334,311
75$1,654,034$49,419$0$1,399,756
76$1,742,712$0$0$1,469,902
77$1,837,915$0$0$1,547,041
78$1,940,229$0$0$1,633,464
79$2,050,296$0$0$1,726,454
80$2,168,822$0$0$1,826,610
81$2,296,585$0$0$1,934,589
82$2,434,436$0$0$2,051,115
83$2,583,310$0$0$2,176,981
84$2,744,238$0$0$2,313,060
85$2,918,349$0$0$2,460,311
86$3,106,887$0$0$2,619,788
87$3,311,217$0$0$2,792,650
88$3,532,844$0$0$2,980,172
89$3,773,419$0$0$3,183,756
90$4,034,760$0$0$3,404,942
91$4,318,865$0$0$3,645,428
92$4,627,935$0$0$3,907,078
93$4,964,389$0$0$4,191,946
94$5,330,891$0$0$4,502,290
95$5,730,370$0$0$4,840,596
96$6,166,051$0$0$5,209,601
97$6,641,483$0$0$5,612,314
98$7,160,575$0$0$6,052,052
99$7,727,626$0$0$6,532,462
100$8,347,371$0$0$7,057,562