Can I retire at age 52 with 588,000?

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 $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%18.2%
1 years$48,556$48,124$47,702$47,290$46,888$45,333
2 years$24,038$23,590$23,156$22,736$22,328$20,776
3 years$15,866$15,416$14,984$14,567$14,166$12,666
4 years$11,781$11,333$10,904$10,495$10,103$8,667
5 years$9,331$8,885$8,462$8,061$7,680$6,312
6 years$7,697$7,255$6,839$6,446$6,077$4,777
7 years$6,531$6,093$5,683$5,300$4,942$3,711
8 years$5,657$5,223$4,820$4,446$4,100$2,936
9 years$4,978$4,547$4,151$3,787$3,453$2,355
10 years$4,434$4,008$3,619$3,264$2,942$1,908
11 years$3,990$3,568$3,186$2,841$2,530$1,559
12 years$3,620$3,203$2,828$2,492$2,193$1,282
13 years$3,308$2,894$2,526$2,200$1,912$1,059
14 years$3,040$2,631$2,270$1,953$1,676$879
15 years$2,808$2,403$2,049$1,742$1,476$731
16 years$2,605$2,205$1,858$1,559$1,304$610
17 years$2,426$2,031$1,691$1,401$1,156$511
18 years$2,268$1,877$1,543$1,263$1,028$428
19 years$2,126$1,739$1,413$1,141$917$359
20 years$1,998$1,616$1,297$1,033$819$302
21 years$1,883$1,505$1,193$938$733$254
22 years$1,779$1,405$1,099$853$657$214
23 years$1,683$1,314$1,015$777$589$180
24 years$1,596$1,231$939$708$530$152
25 years$1,516$1,156$869$647$477$128
26 years$1,442$1,086$806$591$429$108
27 years$1,374$1,022$749$541$387$91
28 years$1,311$963$696$496$349$77
29 years$1,252$909$648$455$315$65
30 years$1,197$858$603$417$285$55
31 years$1,146$811$563$383$258$47
32 years$1,098$768$525$352$233$39
33 years$1,053$727$490$324$211$33
34 years$1,011$689$458$298$191$28
35 years$971$653$428$274$173$24
36 years$934$620$400$253$157$20
37 years$899$589$375$233$142$17
38 years$865$560$351$215$129$14
39 years$834$532$329$198$117$12
40 years$804$506$308$183$106$10
41 years$776$482$289$168$96$9
42 years$749$459$271$155$87$7
43 years$723$437$254$143$79$6
44 years$699$417$239$132$72$5
45 years$675$398$224$122$65$4
46 years$653$379$211$113$59$4
47 years$632$362$198$104$54$3
48 years$612$346$186$96$49$3
49 years$593$330$175$89$44$2
50 years$574$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 $588,000, adding $5,759 every year, while hoping to spend $43,156 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: 63/31/6 Blend
51$588,000$588,000$588,000$588,000
52$653,916$622,752$613,638$694,069
53$674,698$607,350$588,278$706,140
54$696,153$589,746$560,621$713,713
55$718,305$569,787$530,546$720,858
56$741,177$547,312$497,924$727,531
57$764,795$522,148$462,622$733,685
58$789,184$494,113$424,500$739,271
59$814,372$463,016$383,412$744,235
60$840,387$428,652$339,205$748,522
61$867,258$390,808$291,720$752,073
62$895,016$349,256$240,791$754,825
63$923,694$303,755$186,243$756,711
64$953,324$254,053$127,896$757,662
65$983,942$199,880$65,559$757,603
66$1,015,585$140,955$0$756,455
67$1,048,290$76,978$0$754,197
68$1,082,099$7,633$0$755,162
69$1,117,053$0$0$755,070
70$1,153,197$0$0$776,833
71$1,190,576$0$0$802,035
72$1,229,241$0$0$828,105
73$1,269,242$0$0$855,079
74$1,310,633$0$0$882,993
75$1,353,472$0$0$911,887
76$1,397,820$0$0$941,800
77$1,443,739$0$0$972,777
78$1,491,296$0$0$1,004,864
79$1,540,564$0$0$1,038,109
80$1,591,618$0$0$1,072,563
81$1,644,538$0$0$1,108,281
82$1,699,408$0$0$1,145,322
83$1,756,320$0$0$1,183,746
84$1,815,370$0$0$1,223,621
85$1,876,659$0$0$1,265,015
86$1,940,298$0$0$1,308,004
87$2,006,403$0$0$1,352,667
88$2,075,099$0$0$1,399,090
89$2,146,519$0$0$1,447,365
90$2,220,806$0$0$1,497,589
91$2,298,114$0$0$1,549,868
92$2,378,607$0$0$1,604,314
93$2,462,462$0$0$1,661,049
94$2,549,869$0$0$1,720,203
95$2,641,033$0$0$1,781,917
96$2,736,175$0$0$1,846,344
97$2,835,533$0$0$1,913,646
98$2,939,363$0$0$1,984,000
99$3,047,945$0$0$2,057,598
100$3,161,578$0$0$2,134,647