Can I retire at age 52 with 703,000?

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 $703,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$58,053$57,536$57,031$56,539$56,058$55,381
2 years$28,739$28,204$27,685$27,182$26,694$26,013
3 years$18,969$18,432$17,914$17,416$16,936$16,271
4 years$14,085$13,549$13,037$12,547$12,079$11,436
5 years$11,155$10,623$10,117$9,637$9,182$8,563
6 years$9,203$8,674$8,176$7,707$7,266$6,671
7 years$7,809$7,285$6,794$6,336$5,909$5,339
8 years$6,764$6,244$5,762$5,316$4,902$4,357
9 years$5,951$5,437$4,963$4,528$4,128$3,608
10 years$5,302$4,792$4,327$3,903$3,517$3,021
11 years$4,771$4,266$3,809$3,397$3,025$2,553
12 years$4,328$3,829$3,381$2,979$2,621$2,172
13 years$3,954$3,460$3,020$2,630$2,286$1,859
14 years$3,634$3,145$2,714$2,335$2,004$1,599
15 years$3,357$2,873$2,450$2,082$1,764$1,381
16 years$3,115$2,636$2,221$1,864$1,559$1,197
17 years$2,901$2,428$2,021$1,675$1,383$1,040
18 years$2,711$2,244$1,845$1,510$1,229$906
19 years$2,542$2,079$1,689$1,364$1,096$791
20 years$2,389$1,932$1,550$1,236$979$692
21 years$2,252$1,800$1,426$1,121$876$606
22 years$2,127$1,680$1,314$1,020$785$532
23 years$2,013$1,571$1,214$928$705$467
24 years$1,908$1,472$1,122$847$633$411
25 years$1,812$1,382$1,039$773$570$361
26 years$1,724$1,298$964$707$513$318
27 years$1,643$1,222$895$647$463$281
28 years$1,567$1,151$832$593$418$247
29 years$1,497$1,086$774$544$377$218
30 years$1,431$1,026$721$499$341$193
31 years$1,370$970$673$458$308$170
32 years$1,313$918$627$421$279$150
33 years$1,259$869$586$387$252$133
34 years$1,209$824$547$356$228$117
35 years$1,161$781$512$328$207$104
36 years$1,117$741$479$302$187$92
37 years$1,074$704$448$278$170$81
38 years$1,035$669$420$257$154$72
39 years$997$636$393$237$140$63
40 years$961$605$369$218$127$56
41 years$927$576$346$201$115$50
42 years$895$549$324$186$104$44
43 years$864$523$304$172$95$39
44 years$835$499$286$158$86$34
45 years$807$475$268$146$78$31
46 years$781$454$252$135$71$27
47 years$756$433$237$125$64$24
48 years$732$413$222$115$58$21
49 years$708$395$209$107$53$19
50 years$686$377$196$99$48$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 52 starting with $703,000, adding $2,995 every year, while hoping to spend $37,415 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: 39/32/29 Blend
51$703,000$703,000$703,000$703,000
52$777,795$740,536$729,640$801,347
53$817,321$737,013$714,274$815,342
54$859,625$732,064$697,138$826,808
55$904,950$725,578$678,136$838,499
56$953,564$717,440$657,162$850,462
57$1,005,760$707,528$634,110$862,748
58$1,061,860$695,710$608,866$875,418
59$1,122,219$681,848$581,312$888,543
60$1,187,224$665,797$551,324$902,203
61$1,257,301$647,402$518,774$916,492
62$1,332,918$626,497$483,526$931,514
63$1,414,592$602,911$445,439$947,391
64$1,502,885$576,459$404,367$964,260
65$1,598,421$546,947$360,155$982,277
66$1,701,882$514,170$312,642$1,001,618
67$1,814,020$477,910$261,661$1,022,483
68$1,935,660$437,937$207,036$1,045,098
69$2,067,710$394,009$148,585$1,069,716
70$2,211,170$345,869$86,116$1,096,624
71$2,367,138$293,245$19,430$1,126,143
72$2,536,823$235,851$0$1,158,633
73$2,721,555$173,384$0$1,210,510
74$2,922,799$105,525$0$1,273,675
75$3,142,164$31,936$0$1,342,687
76$3,381,424$0$0$1,418,188
77$3,642,529$0$0$1,517,701
78$3,927,626$0$0$1,638,725
79$4,239,081$0$0$1,771,030
80$4,579,496$0$0$1,915,732
81$4,951,736$0$0$2,074,061
82$5,358,956$0$0$2,247,372
83$5,804,630$0$0$2,437,156
84$6,292,583$0$0$2,645,056
85$6,827,028$0$0$2,872,879
86$7,412,603$0$0$3,122,618
87$8,054,417$0$0$3,396,467
88$8,758,096$0$0$3,696,842
89$9,529,838$0$0$4,026,404
90$10,376,468$0$0$4,388,085
91$11,305,503$0$0$4,785,113
92$12,325,225$0$0$5,221,045
93$13,444,755$0$0$5,699,800
94$14,674,141$0$0$6,225,693
95$16,024,453$0$0$6,803,480
96$17,507,883$0$0$7,438,398
97$19,137,864$0$0$8,136,218
98$20,929,195$0$0$8,903,298
99$22,898,179$0$0$9,746,640
100$25,062,777$0$0$10,673,963