Can I retire at age 57 with 668,000?

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 $668,000?

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$55,163$54,671$54,192$53,724$53,267$51,728
2 years$27,308$26,800$26,307$25,829$25,365$23,827
3 years$18,025$17,514$17,022$16,549$16,093$14,603
4 years$13,384$12,875$12,388$11,923$11,478$10,048
5 years$10,600$10,094$9,613$9,158$8,725$7,360
6 years$8,745$8,242$7,769$7,323$6,904$5,604
7 years$7,420$6,922$6,456$6,021$5,615$4,381
8 years$6,427$5,933$5,475$5,051$4,658$3,489
9 years$5,655$5,166$4,716$4,302$3,923$2,817
10 years$5,038$4,554$4,111$3,709$3,342$2,299
11 years$4,533$4,054$3,620$3,228$2,874$1,891
12 years$4,113$3,639$3,212$2,831$2,491$1,566
13 years$3,758$3,288$2,870$2,499$2,172$1,304
14 years$3,453$2,989$2,579$2,219$1,904$1,090
15 years$3,190$2,730$2,328$1,979$1,677$914
16 years$2,959$2,505$2,111$1,772$1,482$769
17 years$2,756$2,307$1,921$1,592$1,314$649
18 years$2,576$2,132$1,753$1,435$1,168$548
19 years$2,415$1,976$1,605$1,296$1,041$464
20 years$2,270$1,836$1,473$1,174$930$393
21 years$2,139$1,710$1,355$1,065$832$334
22 years$2,021$1,596$1,249$969$746$283
23 years$1,912$1,493$1,153$882$670$241
24 years$1,813$1,399$1,066$805$602$205
25 years$1,722$1,313$988$735$542$174
26 years$1,638$1,234$916$672$488$148
27 years$1,561$1,161$851$615$440$126
28 years$1,489$1,094$791$564$397$108
29 years$1,422$1,032$736$517$358$92
30 years$1,360$975$685$474$324$78
31 years$1,302$922$639$436$293$67
32 years$1,247$872$596$400$265$57
33 years$1,196$826$557$368$240$49
34 years$1,148$783$520$339$217$41
35 years$1,103$742$486$312$197$35
36 years$1,061$705$455$287$178$30
37 years$1,021$669$426$265$161$26
38 years$983$636$399$244$146$22
39 years$947$605$374$225$133$19
40 years$913$575$350$207$120$16
41 years$881$548$328$191$109$14
42 years$850$522$308$177$99$12
43 years$821$497$289$163$90$10
44 years$794$474$271$151$82$9
45 years$767$452$255$139$74$7
46 years$742$431$239$128$67$6
47 years$718$411$225$119$61$5
48 years$695$393$211$110$55$5
49 years$673$375$199$101$50$4
50 years$652$358$187$94$46$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $668,000, adding $4,309 every year, while hoping to spend $20,252 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: 61/13/26 Blend
56$668,000$668,000$668,000$668,000
57$740,581$705,177$694,823$780,360
58$794,572$718,182$696,551$820,902
59$853,392$731,147$697,659$862,559
60$917,511$744,046$698,104$907,594
61$987,448$756,855$697,841$956,339
62$1,063,773$769,547$696,825$1,009,162
63$1,147,116$782,092$695,006$1,066,468
64$1,238,167$794,460$692,334$1,128,704
65$1,337,687$806,616$688,754$1,196,363
66$1,446,515$818,524$684,212$1,269,988
67$1,565,574$830,146$678,647$1,350,178
68$1,695,879$841,440$671,998$1,437,595
69$1,838,550$852,362$664,201$1,532,967
70$1,994,819$862,864$655,189$1,637,098
71$2,166,042$872,896$644,889$1,750,874
72$2,353,714$882,404$633,229$1,875,273
73$2,559,481$891,330$620,130$2,011,372
74$2,785,155$899,612$605,512$2,160,360
75$3,032,733$907,185$589,289$2,323,547
76$3,304,415$913,980$571,373$2,502,377
77$3,602,621$919,921$551,670$2,698,445
78$3,930,021$924,930$530,083$2,913,507
79$4,289,554$928,922$506,512$3,149,500
80$4,684,457$931,808$480,848$3,408,560
81$5,118,297$933,492$452,982$3,693,042
82$5,595,004$933,874$422,798$4,005,542
83$6,118,906$932,845$390,173$4,348,923
84$6,694,772$930,292$354,982$4,726,342
85$7,327,857$926,094$317,091$5,141,277
86$8,023,948$920,122$276,364$5,597,566
87$8,789,422$912,240$232,654$6,099,438
88$9,631,307$902,303$185,811$6,651,557
89$10,557,343$890,159$135,678$7,259,062
90$11,576,059$875,644$82,090$7,927,622
91$12,696,852$858,586$24,876$8,663,483
92$13,930,079$838,804$0$9,473,534
93$15,287,145$816,104$0$10,375,405
94$16,780,623$790,282$0$11,375,444
95$18,424,362$761,122$0$12,476,025
96$20,233,625$728,394$0$13,687,376
97$22,225,227$691,858$0$15,020,765
98$24,417,696$651,255$0$16,488,615
99$26,831,451$606,317$0$18,104,612
100$29,488,988$556,755$0$19,883,839