Can I retire at age 52 with 698,000?

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 $698,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$57,640$57,127$56,626$56,137$55,660$54,116
2 years$28,535$28,003$27,488$26,989$26,505$24,961
3 years$18,834$18,300$17,787$17,292$16,816$15,321
4 years$13,985$13,453$12,944$12,458$11,993$10,558
5 years$11,076$10,547$10,045$9,569$9,117$7,746
6 years$9,137$8,613$8,118$7,652$7,214$5,908
7 years$7,753$7,233$6,746$6,291$5,867$4,626
8 years$6,716$6,200$5,721$5,278$4,867$3,690
9 years$5,909$5,398$4,928$4,495$4,099$2,985
10 years$5,264$4,758$4,296$3,875$3,492$2,441
11 years$4,737$4,236$3,782$3,373$3,004$2,012
12 years$4,298$3,802$3,357$2,958$2,603$1,669
13 years$3,926$3,436$2,999$2,612$2,270$1,392
14 years$3,608$3,123$2,695$2,318$1,990$1,166
15 years$3,333$2,853$2,433$2,067$1,752$981
16 years$3,092$2,618$2,206$1,851$1,548$827
17 years$2,880$2,411$2,007$1,663$1,373$699
18 years$2,692$2,228$1,832$1,499$1,221$592
19 years$2,524$2,064$1,677$1,354$1,088$502
20 years$2,372$1,918$1,539$1,227$972$426
21 years$2,236$1,787$1,416$1,113$870$363
22 years$2,111$1,668$1,305$1,012$780$309
23 years$1,998$1,560$1,205$922$700$263
24 years$1,895$1,462$1,114$841$629$224
25 years$1,800$1,372$1,032$768$566$191
26 years$1,712$1,289$957$702$510$163
27 years$1,631$1,213$889$643$460$139
28 years$1,556$1,143$826$589$415$119
29 years$1,486$1,079$769$540$374$102
30 years$1,421$1,019$716$496$338$87
31 years$1,360$963$668$455$306$74
32 years$1,303$911$623$418$277$64
33 years$1,250$863$582$385$250$54
34 years$1,200$818$544$354$227$47
35 years$1,153$776$508$326$205$40
36 years$1,109$736$475$300$186$34
37 years$1,067$699$445$276$169$29
38 years$1,027$664$417$255$153$25
39 years$990$632$390$235$139$21
40 years$954$601$366$217$126$18
41 years$921$572$343$200$114$16
42 years$889$545$322$185$104$13
43 years$858$519$302$170$94$11
44 years$829$495$283$157$85$10
45 years$802$472$266$145$77$8
46 years$775$450$250$134$70$7
47 years$750$430$235$124$64$6
48 years$726$410$221$115$58$5
49 years$703$392$207$106$53$5
50 years$681$374$195$98$48$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 52 starting with $698,000, adding $5,120 every year, while hoping to spend $45,259 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: 86/7/7 Blend
51$698,000$698,000$698,000$698,000
52$774,477$737,483$726,664$840,218
53$805,319$725,465$702,852$871,838
54$837,789$711,340$676,726$899,825
55$872,007$694,959$648,159$929,131
56$908,101$676,162$617,022$959,856
57$946,212$654,778$583,177$992,111
58$986,492$630,629$546,480$1,026,018
59$1,029,110$603,526$506,783$1,061,712
60$1,074,248$573,267$463,929$1,099,339
61$1,122,106$539,642$417,755$1,139,061
62$1,172,901$502,424$368,090$1,181,056
63$1,226,871$461,378$314,755$1,225,520
64$1,284,278$416,251$257,566$1,272,668
65$1,345,407$366,780$196,327$1,322,738
66$1,410,571$312,684$130,836$1,375,990
67$1,480,111$253,668$60,881$1,432,712
68$1,554,402$189,417$0$1,493,221
69$1,633,856$119,604$0$1,558,893
70$1,718,922$43,877$0$1,634,004
71$1,810,095$0$0$1,714,444
72$1,907,917$0$0$1,803,633
73$2,012,983$0$0$1,903,063
74$2,125,944$0$0$2,009,971
75$2,247,518$0$0$2,125,037
76$2,378,491$0$0$2,249,006
77$2,519,729$0$0$2,382,698
78$2,672,179$0$0$2,527,011
79$2,836,885$0$0$2,682,934
80$3,014,994$0$0$2,851,554
81$3,207,766$0$0$3,034,064
82$3,416,586$0$0$3,231,778
83$3,642,976$0$0$3,446,138
84$3,888,612$0$0$3,678,731
85$4,155,335$0$0$3,931,303
86$4,445,172$0$0$4,205,773
87$4,760,352$0$0$4,504,254
88$5,103,325$0$0$4,829,069
89$5,476,790$0$0$5,182,775
90$5,883,716$0$0$5,568,184
91$6,327,369$0$0$5,988,393
92$6,811,346$0$0$6,446,810
93$7,339,604$0$0$6,947,185
94$7,916,500$0$0$7,493,646
95$8,546,828$0$0$8,090,739
96$9,235,871$0$0$8,743,466
97$9,989,439$0$0$9,457,337
98$10,813,934$0$0$10,238,416
99$11,716,402$0$0$11,093,384
100$12,704,605$0$0$12,029,593