Can I retire at age 52 with 693,000?

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 $693,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$57,227$56,718$56,220$55,735$55,261$54,867
2 years$28,330$27,803$27,291$26,796$26,315$25,917
3 years$18,699$18,169$17,659$17,168$16,695$16,307
4 years$13,885$13,356$12,851$12,369$11,907$11,531
5 years$10,997$10,472$9,973$9,500$9,052$8,688
6 years$9,072$8,551$8,060$7,598$7,162$6,812
7 years$7,698$7,181$6,698$6,246$5,825$5,489
8 years$6,668$6,155$5,680$5,240$4,832$4,510
9 years$5,867$5,359$4,892$4,463$4,069$3,761
10 years$5,226$4,724$4,265$3,847$3,467$3,172
11 years$4,703$4,206$3,755$3,348$2,982$2,700
12 years$4,267$3,775$3,333$2,937$2,584$2,315
13 years$3,898$3,411$2,977$2,593$2,253$1,997
14 years$3,583$3,101$2,675$2,302$1,975$1,732
15 years$3,309$2,833$2,415$2,053$1,739$1,508
16 years$3,070$2,599$2,190$1,838$1,537$1,317
17 years$2,860$2,393$1,993$1,651$1,363$1,155
18 years$2,673$2,212$1,819$1,488$1,212$1,015
19 years$2,506$2,050$1,665$1,345$1,080$893
20 years$2,355$1,905$1,528$1,218$965$788
21 years$2,220$1,774$1,406$1,105$863$697
22 years$2,096$1,656$1,296$1,005$774$617
23 years$1,984$1,549$1,196$915$695$547
24 years$1,881$1,451$1,106$835$624$485
25 years$1,787$1,362$1,025$762$562$431
26 years$1,700$1,280$950$697$506$383
27 years$1,619$1,205$882$638$456$341
28 years$1,545$1,135$820$585$412$303
29 years$1,475$1,071$763$536$372$270
30 years$1,411$1,011$711$492$336$241
31 years$1,350$956$663$452$304$215
32 years$1,294$905$619$415$275$192
33 years$1,241$857$578$382$249$171
34 years$1,191$812$540$351$225$153
35 years$1,145$770$505$323$204$136
36 years$1,101$731$472$298$185$122
37 years$1,059$694$442$274$167$109
38 years$1,020$660$414$253$152$97
39 years$983$627$388$233$138$87
40 years$947$597$363$215$125$78
41 years$914$568$341$198$113$70
42 years$882$541$320$183$103$62
43 years$852$516$300$169$93$56
44 years$823$491$281$156$85$50
45 years$796$469$264$144$77$44
46 years$770$447$248$133$70$40
47 years$745$427$233$123$63$36
48 years$721$407$219$114$58$32
49 years$698$389$206$105$52$28
50 years$677$372$194$97$47$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 52 starting with $693,000, adding $3,730 every year, while hoping to spend $55,263 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: 56/23/21 Blend
51$693,000$693,000$693,000$693,000
52$767,533$730,804$720,063$805,970
53$787,023$707,815$685,386$809,649
54$806,647$681,846$647,695$807,454
55$826,363$652,694$606,830$803,863
56$846,119$620,143$562,626$798,756
57$865,858$583,965$514,909$792,005
58$885,513$543,917$463,496$783,472
59$905,010$499,743$408,197$773,008
60$924,265$451,174$348,816$760,453
61$943,182$397,924$285,144$745,634
62$961,656$339,691$216,965$728,366
63$979,565$276,156$144,053$708,449
64$996,775$206,983$66,173$685,668
65$1,013,135$131,814$0$659,791
66$1,028,477$50,275$0$634,362
67$1,042,611$0$0$621,386
68$1,055,328$0$0$615,416
69$1,066,393$0$0$621,115
70$1,075,545$0$0$625,597
71$1,082,491$0$0$628,683
72$1,086,910$0$0$630,170
73$1,088,440$0$0$629,836
74$1,086,682$0$0$627,433
75$1,081,193$0$0$622,685
76$1,071,479$0$0$615,287
77$1,056,994$0$0$604,901
78$1,037,133$0$0$591,152
79$1,011,225$0$0$573,623
80$978,525$0$0$551,855
81$938,211$0$0$525,338
82$889,371$0$0$493,508
83$830,996$0$0$455,741
84$761,971$0$0$411,346
85$681,061$0$0$359,560
86$586,902$0$0$299,539
87$477,983$0$0$230,350
88$352,639$0$0$150,961
89$209,025$0$0$60,235
90$45,105$0$0$0
91$0$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