Can I retire at age 52 with 589,000?

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 $589,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$48,639$48,206$47,783$47,371$46,968$45,851
2 years$24,079$23,630$23,196$22,774$22,366$21,247
3 years$15,893$15,443$15,009$14,592$14,190$13,104
4 years$11,801$11,352$10,923$10,513$10,120$9,076
5 years$9,346$8,900$8,477$8,075$7,693$6,694
6 years$7,711$7,268$6,850$6,457$6,087$5,133
7 years$6,543$6,103$5,693$5,309$4,951$4,042
8 years$5,667$5,232$4,828$4,454$4,107$3,244
9 years$4,986$4,555$4,158$3,793$3,459$2,640
10 years$4,442$4,015$3,625$3,270$2,947$2,172
11 years$3,997$3,574$3,192$2,846$2,535$1,802
12 years$3,627$3,208$2,832$2,496$2,196$1,505
13 years$3,313$2,899$2,531$2,204$1,915$1,264
14 years$3,045$2,635$2,274$1,956$1,679$1,066
15 years$2,813$2,407$2,053$1,745$1,478$902
16 years$2,609$2,209$1,861$1,562$1,306$766
17 years$2,430$2,034$1,694$1,404$1,158$652
18 years$2,272$1,880$1,546$1,265$1,030$556
19 years$2,130$1,742$1,415$1,143$918$476
20 years$2,002$1,619$1,299$1,035$820$407
21 years$1,886$1,508$1,195$939$734$349
22 years$1,782$1,408$1,101$854$658$299
23 years$1,686$1,316$1,017$778$590$257
24 years$1,599$1,233$940$710$531$221
25 years$1,519$1,158$871$648$478$190
26 years$1,445$1,088$808$592$430$163
27 years$1,376$1,024$750$542$388$141
28 years$1,313$965$697$497$350$121
29 years$1,254$910$649$456$316$104
30 years$1,199$860$604$418$286$90
31 years$1,148$813$563$384$258$78
32 years$1,100$769$526$353$234$67
33 years$1,055$728$491$325$211$58
34 years$1,013$690$459$299$191$50
35 years$973$655$429$275$173$43
36 years$935$621$401$253$157$37
37 years$900$590$375$233$142$32
38 years$867$561$352$215$129$28
39 years$835$533$329$198$117$24
40 years$805$507$309$183$106$21
41 years$777$483$290$169$96$18
42 years$750$460$272$156$87$15
43 years$724$438$255$144$79$13
44 years$700$418$239$133$72$11
45 years$677$398$225$123$65$10
46 years$654$380$211$113$59$9
47 years$633$363$198$105$54$7
48 years$613$346$186$97$49$6
49 years$594$331$175$89$44$5
50 years$575$316$165$83$40$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 52 starting with $589,000, adding $5,922 every year, while hoping to spend $35,161 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: 43/38/19 Blend
51$589,000$589,000$589,000$589,000
52$655,187$623,970$614,840$679,506
53$684,605$617,133$598,026$690,415
54$715,845$608,783$579,471$698,328
55$749,056$598,808$559,078$706,168
56$784,401$587,091$536,748$713,948
57$822,057$573,506$512,377$721,680
58$862,221$557,922$485,855$729,383
59$905,105$540,197$457,069$737,081
60$950,943$520,185$425,899$744,802
61$999,994$497,728$392,220$752,580
62$1,052,536$472,660$355,903$760,459
63$1,108,881$444,806$316,811$768,486
64$1,169,366$413,981$274,803$776,721
65$1,234,362$379,987$229,730$785,233
66$1,304,278$342,618$181,438$794,102
67$1,379,562$301,654$129,764$803,422
68$1,460,706$256,863$74,539$813,299
69$1,548,250$208,002$15,588$823,859
70$1,642,788$154,810$0$835,243
71$1,744,973$97,016$0$857,208
72$1,855,520$34,330$0$884,341
73$1,975,219$0$0$913,732
74$2,104,936$0$0$959,692
75$2,245,624$0$0$1,025,169
76$2,398,331$0$0$1,096,304
77$2,564,209$0$0$1,173,642
78$2,744,526$0$0$1,257,781
79$2,940,676$0$0$1,349,383
80$3,154,194$0$0$1,449,172
81$3,386,768$0$0$1,557,947
82$3,640,257$0$0$1,676,587
83$3,916,704$0$0$1,806,061
84$4,218,362$0$0$1,947,432
85$4,547,706$0$0$2,101,873
86$4,907,464$0$0$2,270,675
87$5,300,638$0$0$2,455,259
88$5,730,532$0$0$2,657,189
89$6,200,787$0$0$2,878,189
90$6,715,409$0$0$3,120,154
91$7,278,810$0$0$3,385,173
92$7,895,847$0$0$3,675,548
93$8,571,873$0$0$3,993,811
94$9,312,779$0$0$4,342,753
95$10,125,054$0$0$4,725,446
96$11,015,846$0$0$5,145,276
97$11,993,027$0$0$5,605,970
98$13,065,268$0$0$6,111,635
99$14,242,119$0$0$6,666,795
100$15,534,101$0$0$7,276,431