Can I retire at age 52 with 588,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $588,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$48,556$48,124$47,702$47,290$46,888$45,570
2 years$24,038$23,590$23,156$22,736$22,328$21,010
3 years$15,866$15,416$14,984$14,567$14,166$12,889
4 years$11,781$11,333$10,904$10,495$10,103$8,878
5 years$9,331$8,885$8,462$8,061$7,680$6,509
6 years$7,697$7,255$6,839$6,446$6,077$4,962
7 years$6,531$6,093$5,683$5,300$4,942$3,883
8 years$5,657$5,223$4,820$4,446$4,100$3,096
9 years$4,978$4,547$4,151$3,787$3,453$2,503
10 years$4,434$4,008$3,619$3,264$2,942$2,045
11 years$3,990$3,568$3,186$2,841$2,530$1,685
12 years$3,620$3,203$2,828$2,492$2,193$1,397
13 years$3,308$2,894$2,526$2,200$1,912$1,164
14 years$3,040$2,631$2,270$1,953$1,676$975
15 years$2,808$2,403$2,049$1,742$1,476$819
16 years$2,605$2,205$1,858$1,559$1,304$690
17 years$2,426$2,031$1,691$1,401$1,156$583
18 years$2,268$1,877$1,543$1,263$1,028$493
19 years$2,126$1,739$1,413$1,141$917$418
20 years$1,998$1,616$1,297$1,033$819$355
21 years$1,883$1,505$1,193$938$733$301
22 years$1,779$1,405$1,099$853$657$256
23 years$1,683$1,314$1,015$777$589$218
24 years$1,596$1,231$939$708$530$186
25 years$1,516$1,156$869$647$477$159
26 years$1,442$1,086$806$591$429$135
27 years$1,374$1,022$749$541$387$115
28 years$1,311$963$696$496$349$98
29 years$1,252$909$648$455$315$84
30 years$1,197$858$603$417$285$72
31 years$1,146$811$563$383$258$61
32 years$1,098$768$525$352$233$52
33 years$1,053$727$490$324$211$45
34 years$1,011$689$458$298$191$38
35 years$971$653$428$274$173$33
36 years$934$620$400$253$157$28
37 years$899$589$375$233$142$24
38 years$865$560$351$215$129$20
39 years$834$532$329$198$117$17
40 years$804$506$308$183$106$15
41 years$776$482$289$168$96$13
42 years$749$459$271$155$87$11
43 years$723$437$254$143$79$9
44 years$699$417$239$132$72$8
45 years$675$398$224$122$65$7
46 years$653$379$211$113$59$6
47 years$632$362$198$104$54$5
48 years$612$346$186$96$49$4
49 years$593$330$175$89$44$4
50 years$574$315$164$82$40$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 52 starting with $588,000, adding $5,021 every year, while hoping to spend $38,197 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: 63/27/10 Blend
51$588,000$588,000$588,000$588,000
52$653,155$621,991$612,877$692,548
53$679,136$611,827$592,767$709,333
54$706,486$599,885$570,703$722,762
55$735,306$586,038$546,580$736,461
56$765,703$570,149$520,286$750,457
57$797,795$552,078$491,707$764,779
58$831,712$531,671$460,720$779,461
59$867,593$508,769$427,201$794,542
60$905,592$483,204$391,017$810,068
61$945,876$454,795$352,030$826,088
62$988,629$423,353$310,096$842,663
63$1,034,050$388,678$265,065$859,859
64$1,082,358$350,558$216,780$877,752
65$1,133,793$308,770$165,076$896,427
66$1,188,617$263,077$109,783$915,983
67$1,247,116$213,228$50,722$936,530
68$1,309,607$158,961$0$958,192
69$1,376,433$99,997$0$982,422
70$1,447,973$36,040$0$1,013,928
71$1,524,641$0$0$1,047,490
72$1,606,892$0$0$1,093,201
73$1,695,224$0$0$1,153,821
74$1,790,186$0$0$1,219,022
75$1,892,378$0$0$1,289,219
76$2,002,462$0$0$1,364,871
77$2,121,161$0$0$1,446,481
78$2,249,273$0$0$1,534,600
79$2,387,672$0$0$1,629,835
80$2,537,321$0$0$1,732,853
81$2,699,276$0$0$1,844,388
82$2,874,700$0$0$1,965,245
83$3,064,870$0$0$2,096,311
84$3,271,192$0$0$2,238,559
85$3,495,210$0$0$2,393,062
86$3,738,624$0$0$2,560,999
87$4,003,304$0$0$2,743,666
88$4,291,306$0$0$2,942,491
89$4,604,894$0$0$3,159,044
90$4,946,558$0$0$3,395,052
91$5,319,038$0$0$3,652,417
92$5,725,352$0$0$3,933,232
93$6,168,818$0$0$4,239,801
94$6,653,092$0$0$4,574,660
95$7,182,195$0$0$4,940,599
96$7,760,558$0$0$5,340,693
97$8,393,055$0$0$5,778,325
98$9,085,056$0$0$6,257,222
99$9,842,473$0$0$6,781,486
100$10,671,814$0$0$7,355,634