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%11.9%
1 years$57,640$57,127$56,626$56,137$55,660$55,216
2 years$28,535$28,003$27,488$26,989$26,505$26,058
3 years$18,834$18,300$17,787$17,292$16,816$16,379
4 years$13,985$13,453$12,944$12,458$11,993$11,570
5 years$11,076$10,547$10,045$9,569$9,117$8,709
6 years$9,137$8,613$8,118$7,652$7,214$6,821
7 years$7,753$7,233$6,746$6,291$5,867$5,490
8 years$6,716$6,200$5,721$5,278$4,867$4,506
9 years$5,909$5,398$4,928$4,495$4,099$3,753
10 years$5,264$4,758$4,296$3,875$3,492$3,162
11 years$4,737$4,236$3,782$3,373$3,004$2,688
12 years$4,298$3,802$3,357$2,958$2,603$2,302
13 years$3,926$3,436$2,999$2,612$2,270$1,983
14 years$3,608$3,123$2,695$2,318$1,990$1,717
15 years$3,333$2,853$2,433$2,067$1,752$1,493
16 years$3,092$2,618$2,206$1,851$1,548$1,303
17 years$2,880$2,411$2,007$1,663$1,373$1,140
18 years$2,692$2,228$1,832$1,499$1,221$1,001
19 years$2,524$2,064$1,677$1,354$1,088$880
20 years$2,372$1,918$1,539$1,227$972$775
21 years$2,236$1,787$1,416$1,113$870$684
22 years$2,111$1,668$1,305$1,012$780$605
23 years$1,998$1,560$1,205$922$700$535
24 years$1,895$1,462$1,114$841$629$474
25 years$1,800$1,372$1,032$768$566$421
26 years$1,712$1,289$957$702$510$373
27 years$1,631$1,213$889$643$460$332
28 years$1,556$1,143$826$589$415$295
29 years$1,486$1,079$769$540$374$262
30 years$1,421$1,019$716$496$338$233
31 years$1,360$963$668$455$306$208
32 years$1,303$911$623$418$277$185
33 years$1,250$863$582$385$250$165
34 years$1,200$818$544$354$227$147
35 years$1,153$776$508$326$205$131
36 years$1,109$736$475$300$186$117
37 years$1,067$699$445$276$169$104
38 years$1,027$664$417$255$153$93
39 years$990$632$390$235$139$83
40 years$954$601$366$217$126$74
41 years$921$572$343$200$114$66
42 years$889$545$322$185$104$59
43 years$858$519$302$170$94$53
44 years$829$495$283$157$85$47
45 years$802$472$266$145$77$42
46 years$775$450$250$134$70$37
47 years$750$430$235$124$64$33
48 years$726$410$221$115$58$30
49 years$703$392$207$106$53$27
50 years$681$374$195$98$48$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 52 starting with $698,000, adding $6,765 every year, while hoping to spend $31,853 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: 56/38/6 Blend
51$698,000$698,000$698,000$698,000
52$776,174$739,180$728,361$818,268
53$821,453$741,509$718,870$849,727
54$870,282$742,884$707,993$879,817
55$922,990$743,225$695,651$911,801
56$979,939$742,447$681,759$945,862
57$1,041,525$740,459$666,230$982,204
58$1,108,185$737,165$648,973$1,021,052
59$1,180,397$732,463$629,890$1,062,654
60$1,258,688$726,245$608,883$1,107,288
61$1,343,639$718,396$585,845$1,155,259
62$1,435,887$708,794$560,667$1,206,904
63$1,536,133$697,310$533,235$1,262,599
64$1,645,148$683,807$503,428$1,322,757
65$1,763,780$668,142$471,120$1,387,836
66$1,892,965$650,160$436,182$1,458,344
67$2,033,728$629,699$398,475$1,534,842
68$2,187,202$606,587$357,857$1,617,950
69$2,354,630$580,643$314,178$1,708,355
70$2,537,382$551,674$267,283$1,806,816
71$2,736,965$519,477$217,008$1,914,172
72$2,955,041$483,837$163,183$2,031,351
73$3,193,436$444,525$105,630$2,159,380
74$3,454,162$401,303$44,165$2,299,392
75$3,739,435$353,915$0$2,452,643
76$4,051,693$302,092$0$2,621,889
77$4,393,622$245,552$0$2,810,397
78$4,768,182$183,994$0$3,017,042
79$5,178,628$117,101$0$3,243,709
80$5,628,549$44,540$0$3,492,477
81$6,121,895$0$0$3,765,645
82$6,663,019$0$0$4,079,984
83$7,256,712$0$0$4,445,360
84$7,908,256$0$0$4,846,404
85$8,623,465$0$0$5,286,705
86$9,408,745$0$0$5,770,214
87$10,271,152$0$0$6,301,285
88$11,218,461$0$0$6,884,715
89$12,259,234$0$0$7,525,787
90$13,402,906$0$0$8,230,321
91$14,659,869$0$0$9,004,730
92$16,041,573$0$0$9,856,079
93$17,560,632$0$0$10,792,151
94$19,230,944$0$0$11,821,521
95$21,067,820$0$0$12,953,636
96$23,088,131$0$0$14,198,906
97$25,310,462$0$0$15,568,800
98$27,755,291$0$0$17,075,953
99$30,445,184$0$0$18,734,289
100$33,404,999$0$0$20,559,148