Can I retire at age 52 with 696,000?

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 $696,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$57,475$56,963$56,464$55,976$55,500$54,513
2 years$28,453$27,923$27,410$26,912$26,429$25,438
3 years$18,780$18,248$17,736$17,243$16,767$15,803
4 years$13,945$13,414$12,907$12,422$11,959$11,029
5 years$11,044$10,517$10,016$9,541$9,091$8,198
6 years$9,111$8,588$8,095$7,630$7,193$6,338
7 years$7,731$7,212$6,727$6,273$5,850$5,033
8 years$6,696$6,182$5,705$5,263$4,853$4,075
9 years$5,892$5,383$4,914$4,483$4,087$3,346
10 years$5,249$4,745$4,284$3,864$3,482$2,778
11 years$4,723$4,224$3,771$3,363$2,995$2,327
12 years$4,285$3,791$3,347$2,950$2,595$1,962
13 years$3,915$3,426$2,990$2,604$2,263$1,665
14 years$3,598$3,114$2,687$2,312$1,984$1,418
15 years$3,324$2,845$2,426$2,062$1,747$1,213
16 years$3,084$2,610$2,199$1,846$1,544$1,041
17 years$2,872$2,404$2,001$1,659$1,369$896
18 years$2,684$2,221$1,827$1,495$1,217$773
19 years$2,516$2,059$1,673$1,351$1,085$668
20 years$2,365$1,913$1,535$1,223$969$578
21 years$2,229$1,782$1,412$1,110$867$501
22 years$2,105$1,663$1,301$1,009$777$435
23 years$1,993$1,556$1,201$919$698$378
24 years$1,889$1,458$1,111$838$627$329
25 years$1,794$1,368$1,029$766$564$286
26 years$1,707$1,286$954$700$508$249
27 years$1,626$1,210$886$641$458$217
28 years$1,551$1,140$824$587$414$189
29 years$1,482$1,075$767$538$373$165
30 years$1,417$1,016$714$494$337$144
31 years$1,356$960$666$454$305$126
32 years$1,300$908$621$417$276$110
33 years$1,246$860$580$384$250$96
34 years$1,197$815$542$353$226$84
35 years$1,150$773$507$325$205$73
36 years$1,105$734$474$299$186$64
37 years$1,064$697$444$276$168$56
38 years$1,024$663$415$254$152$49
39 years$987$630$389$234$138$43
40 years$952$599$365$216$125$37
41 years$918$571$342$199$114$33
42 years$886$543$321$184$103$29
43 years$856$518$301$170$94$25
44 years$827$494$283$157$85$22
45 years$799$471$265$145$77$19
46 years$773$449$249$134$70$17
47 years$748$428$234$124$64$15
48 years$724$409$220$114$58$13
49 years$701$391$207$106$52$11
50 years$680$373$194$98$48$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 52 starting with $696,000, adding $6,032 every year, while hoping to spend $44,483 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: 56/36/8 Blend
51$696,000$696,000$696,000$696,000
52$773,214$736,326$725,538$814,738
53$804,752$725,076$702,514$832,196
54$838,017$711,785$677,228$845,729
55$873,136$696,304$649,557$859,387
56$910,251$678,478$619,372$873,187
57$949,516$658,143$586,540$887,151
58$991,098$635,123$550,921$901,304
59$1,035,180$609,235$512,367$915,679
60$1,081,963$580,282$470,726$930,312
61$1,131,666$548,058$425,837$945,248
62$1,184,527$512,344$377,535$960,537
63$1,240,810$472,910$325,643$976,240
64$1,300,800$429,510$269,979$992,427
65$1,364,812$381,886$210,354$1,009,178
66$1,433,191$329,766$146,568$1,026,587
67$1,506,312$272,861$78,415$1,044,760
68$1,584,591$210,866$5,676$1,063,820
69$1,668,480$143,459$0$1,083,906
70$1,758,477$70,301$0$1,111,319
71$1,855,128$0$0$1,141,016
72$1,959,031$0$0$1,176,290
73$2,070,845$0$0$1,244,264
74$2,191,292$0$0$1,317,533
75$2,321,165$0$0$1,396,585
76$2,461,336$0$0$1,481,958
77$2,612,761$0$0$1,574,241
78$2,776,494$0$0$1,674,081
79$2,953,690$0$0$1,782,193
80$3,145,620$0$0$1,899,359
81$3,353,683$0$0$2,026,440
82$3,579,416$0$0$2,164,384
83$3,824,509$0$0$2,314,232
84$4,090,820$0$0$2,477,131
85$4,380,397$0$0$2,654,341
86$4,695,488$0$0$2,847,250
87$5,038,569$0$0$3,057,384
88$5,412,365$0$0$3,286,423
89$5,819,874$0$0$3,536,215
90$6,264,396$0$0$3,808,794
91$6,749,561$0$0$4,106,401
92$7,279,369$0$0$4,431,502
93$7,858,220$0$0$4,786,809
94$8,490,959$0$0$5,175,311
95$9,182,921$0$0$5,600,298
96$9,939,977$0$0$6,065,393
97$10,768,596$0$0$6,574,584
98$11,675,899$0$0$7,132,264
99$12,669,726$0$0$7,743,271
100$13,758,715$0$0$8,412,930