Can I retire at age 52 with 587,000?

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 $587,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$48,474$48,042$47,621$47,210$46,808$45,274
2 years$23,997$23,550$23,117$22,697$22,290$20,758
3 years$15,839$15,390$14,958$14,542$14,141$12,661
4 years$11,761$11,313$10,886$10,477$10,086$8,668
5 years$9,315$8,870$8,448$8,047$7,667$6,316
6 years$7,684$7,243$6,827$6,435$6,067$4,783
7 years$6,520$6,083$5,673$5,291$4,934$3,717
8 years$5,648$5,214$4,811$4,438$4,093$2,943
9 years$4,969$4,540$4,144$3,781$3,447$2,362
10 years$4,427$4,001$3,613$3,259$2,937$1,915
11 years$3,983$3,562$3,181$2,836$2,526$1,566
12 years$3,614$3,197$2,823$2,488$2,189$1,288
13 years$3,302$2,889$2,522$2,196$1,909$1,065
14 years$3,035$2,626$2,266$1,950$1,673$884
15 years$2,803$2,399$2,046$1,739$1,473$736
16 years$2,601$2,201$1,855$1,557$1,302$615
17 years$2,422$2,027$1,688$1,399$1,154$515
18 years$2,264$1,873$1,541$1,261$1,027$432
19 years$2,122$1,736$1,411$1,139$915$363
20 years$1,995$1,613$1,295$1,032$817$305
21 years$1,880$1,503$1,191$936$731$257
22 years$1,776$1,403$1,097$851$656$216
23 years$1,680$1,312$1,013$775$588$183
24 years$1,593$1,229$937$707$529$154
25 years$1,513$1,154$868$646$476$130
26 years$1,440$1,084$805$590$429$110
27 years$1,371$1,020$748$540$387$93
28 years$1,308$961$695$495$349$78
29 years$1,250$907$647$454$315$66
30 years$1,195$857$602$417$285$56
31 years$1,144$810$562$383$257$47
32 years$1,096$766$524$352$233$40
33 years$1,051$726$489$323$211$34
34 years$1,009$688$457$298$191$29
35 years$970$652$427$274$173$24
36 years$932$619$400$252$156$21
37 years$897$588$374$232$142$17
38 years$864$559$350$214$129$15
39 years$832$531$328$198$117$12
40 years$803$506$308$182$106$11
41 years$774$481$289$168$96$9
42 years$747$458$271$155$87$8
43 years$722$437$254$143$79$6
44 years$697$416$238$132$72$5
45 years$674$397$224$122$65$5
46 years$652$379$210$113$59$4
47 years$631$361$198$104$54$3
48 years$611$345$186$96$49$3
49 years$592$329$174$89$44$2
50 years$573$315$164$82$40$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 52 starting with $587,000, adding $3,998 every year, while hoping to spend $39,681 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: 57/14/29 Blend
51$587,000$587,000$587,000$587,000
52$650,998$619,887$610,788$682,709
53$675,179$608,041$589,030$693,100
54$700,498$594,285$565,212$699,944
55$727,026$578,483$539,224$706,600
56$754,846$560,491$510,951$713,064
57$784,043$540,159$480,271$719,332
58$814,714$517,324$447,058$725,402
59$846,959$491,818$411,179$731,273
60$880,892$463,460$372,497$736,949
61$916,633$432,059$330,866$742,434
62$954,315$397,416$286,135$747,737
63$994,083$359,317$238,149$752,871
64$1,036,094$317,538$186,741$757,852
65$1,080,519$271,841$131,740$762,701
66$1,127,546$221,975$72,968$767,446
67$1,177,379$167,676$10,236$772,121
68$1,230,242$108,662$0$776,766
69$1,286,380$44,640$0$798,979
70$1,346,059$0$0$825,791
71$1,409,572$0$0$857,971
72$1,477,239$0$0$899,611
73$1,549,411$0$0$944,054
74$1,626,472$0$0$991,539
75$1,708,841$0$0$1,042,330
76$1,796,982$0$0$1,096,716
77$1,891,398$0$0$1,155,014
78$1,992,645$0$0$1,217,570
79$2,101,332$0$0$1,284,767
80$2,218,127$0$0$1,357,022
81$2,343,761$0$0$1,434,796
82$2,479,041$0$0$1,518,592
83$2,624,851$0$0$1,608,965
84$2,782,160$0$0$1,706,524
85$2,952,037$0$0$1,811,937
86$3,135,654$0$0$1,925,939
87$3,334,298$0$0$2,049,340
88$3,549,387$0$0$2,183,026
89$3,782,477$0$0$2,327,974
90$4,035,280$0$0$2,485,260
91$4,309,679$0$0$2,656,063
92$4,607,745$0$0$2,841,683
93$4,931,756$0$0$3,043,550
94$5,284,218$0$0$3,263,235
95$5,667,888$0$0$3,502,470
96$6,085,799$0$0$3,763,157
97$6,541,291$0$0$4,047,393
98$7,038,037$0$0$4,357,483
99$7,580,082$0$0$4,695,967
100$8,171,876$0$0$5,065,637