Can I retire at age 52 with 293,000?

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 $293,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$24,196$23,980$23,770$23,565$23,364$23,120
2 years$11,978$11,755$11,539$11,329$11,126$10,880
3 years$7,906$7,682$7,466$7,259$7,059$6,819
4 years$5,870$5,647$5,434$5,229$5,034$4,802
5 years$4,649$4,427$4,217$4,017$3,827$3,603
6 years$3,836$3,615$3,408$3,212$3,028$2,813
7 years$3,255$3,036$2,832$2,641$2,463$2,257
8 years$2,819$2,603$2,402$2,215$2,043$1,846
9 years$2,480$2,266$2,069$1,887$1,721$1,532
10 years$2,210$1,997$1,803$1,627$1,466$1,286
11 years$1,988$1,778$1,588$1,416$1,261$1,089
12 years$1,804$1,596$1,409$1,242$1,093$929
13 years$1,648$1,442$1,259$1,096$953$798
14 years$1,515$1,311$1,131$973$835$688
15 years$1,399$1,198$1,021$868$735$596
16 years$1,298$1,099$926$777$650$518
17 years$1,209$1,012$843$698$576$451
18 years$1,130$935$769$629$512$394
19 years$1,059$867$704$569$457$345
20 years$996$805$646$515$408$303
21 years$938$750$594$467$365$266
22 years$886$700$548$425$327$234
23 years$839$655$506$387$294$206
24 years$795$614$468$353$264$182
25 years$755$576$433$322$238$161
26 years$719$541$402$295$214$142
27 years$685$509$373$270$193$125
28 years$653$480$347$247$174$111
29 years$624$453$323$227$157$98
30 years$596$428$301$208$142$87
31 years$571$404$280$191$128$77
32 years$547$382$262$176$116$68
33 years$525$362$244$161$105$61
34 years$504$343$228$149$95$54
35 years$484$326$213$137$86$48
36 years$465$309$200$126$78$42
37 years$448$294$187$116$71$37
38 years$431$279$175$107$64$33
39 years$415$265$164$99$58$30
40 years$401$252$154$91$53$26
41 years$386$240$144$84$48$23
42 years$373$229$135$77$43$21
43 years$360$218$127$71$39$18
44 years$348$208$119$66$36$16
45 years$337$198$112$61$32$14
46 years$326$189$105$56$30$13
47 years$315$180$99$52$27$11
48 years$305$172$93$48$24$10
49 years$295$164$87$44$22$9
50 years$286$157$82$41$20$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 52 starting with $293,000, adding $2,007 every year, while hoping to spend $23,224 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: 43/43/14 Blend
51$293,000$293,000$293,000$293,000
52$324,956$309,427$304,886$337,527
53$333,392$299,879$290,389$336,984
54$341,909$289,085$274,629$333,925
55$350,492$276,958$257,537$330,105
56$359,123$263,410$239,045$325,466
57$367,780$248,343$219,079$319,942
58$376,438$231,657$197,564$313,467
59$385,071$213,244$174,418$305,966
60$393,647$192,991$149,559$297,363
61$402,130$170,779$122,901$287,574
62$410,481$146,481$94,352$276,510
63$418,655$119,964$63,818$264,075
64$426,601$91,085$31,199$250,169
65$434,263$59,697$0$234,681
66$441,577$25,641$0$218,036
67$448,472$0$0$204,576
68$454,869$0$0$194,842
69$460,679$0$0$196,943
70$465,803$0$0$198,699
71$470,131$0$0$200,056
72$473,540$0$0$200,955
73$475,894$0$0$201,333
74$477,041$0$0$201,114
75$476,811$0$0$200,220
76$475,019$0$0$198,560
77$471,454$0$0$196,036
78$465,888$0$0$192,536
79$458,064$0$0$187,939
80$447,699$0$0$182,110
81$434,478$0$0$174,899
82$418,053$0$0$166,140
83$398,040$0$0$155,650
84$374,012$0$0$143,226
85$345,498$0$0$128,643
86$311,975$0$0$111,653
87$272,866$0$0$91,981
88$227,534$0$0$69,325
89$175,274$0$0$43,348
90$115,306$0$0$13,681
91$46,768$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0