Can I retire at age 52 with 708,000?

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 $708,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$58,466$57,945$57,437$56,941$56,457$54,737
2 years$28,944$28,405$27,882$27,376$26,884$25,167
3 years$19,104$18,563$18,042$17,540$17,056$15,395
4 years$14,185$13,646$13,130$12,636$12,165$10,571
5 years$11,235$10,698$10,189$9,706$9,248$7,727
6 years$9,268$8,736$8,234$7,762$7,317$5,871
7 years$7,864$7,336$6,843$6,382$5,951$4,578
8 years$6,812$6,289$5,803$5,353$4,937$3,638
9 years$5,994$5,475$4,998$4,560$4,158$2,930
10 years$5,339$4,826$4,358$3,931$3,542$2,385
11 years$4,805$4,297$3,836$3,421$3,047$1,957
12 years$4,359$3,856$3,405$3,001$2,640$1,617
13 years$3,983$3,485$3,042$2,649$2,302$1,342
14 years$3,660$3,168$2,733$2,351$2,018$1,119
15 years$3,381$2,894$2,468$2,097$1,777$936
16 years$3,137$2,655$2,237$1,878$1,570$785
17 years$2,922$2,445$2,036$1,687$1,392$660
18 years$2,730$2,259$1,858$1,520$1,238$556
19 years$2,560$2,094$1,701$1,374$1,104$469
20 years$2,406$1,946$1,561$1,244$986$396
21 years$2,268$1,813$1,436$1,129$882$335
22 years$2,142$1,692$1,324$1,027$791$284
23 years$2,027$1,582$1,222$935$710$241
24 years$1,922$1,483$1,130$853$638$204
25 years$1,825$1,391$1,047$779$574$173
26 years$1,736$1,308$971$712$517$147
27 years$1,654$1,231$902$652$466$125
28 years$1,578$1,160$838$597$421$106
29 years$1,507$1,094$780$548$380$90
30 years$1,441$1,033$727$503$343$76
31 years$1,380$977$677$462$310$65
32 years$1,322$924$632$424$281$55
33 years$1,268$875$590$390$254$47
34 years$1,217$829$551$359$230$40
35 years$1,169$787$515$330$208$34
36 years$1,124$747$482$304$189$29
37 years$1,082$709$451$280$171$25
38 years$1,042$674$423$258$155$21
39 years$1,004$641$396$238$141$18
40 years$968$610$371$220$128$15
41 years$934$580$348$203$116$13
42 years$901$553$326$187$105$11
43 years$871$527$306$173$95$9
44 years$841$502$288$160$87$8
45 years$813$479$270$147$79$7
46 years$787$457$254$136$71$6
47 years$761$436$238$126$65$5
48 years$737$416$224$116$59$4
49 years$714$397$210$107$53$4
50 years$691$380$198$99$49$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 52 starting with $708,000, adding $2,837 every year, while hoping to spend $40,982 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: 49/25/26 Blend
51$708,000$708,000$708,000$708,000
52$783,142$745,618$734,644$815,618
53$819,418$738,549$715,650$831,550
54$858,021$729,760$694,647$844,543
55$899,144$719,123$671,522$857,846
56$943,001$706,504$646,162$871,507
57$989,823$691,759$618,445$885,582
58$1,039,866$674,736$588,244$900,136
59$1,093,410$655,276$555,427$915,240
60$1,150,760$633,207$519,857$930,980
61$1,212,254$608,351$481,388$947,451
62$1,278,260$580,516$439,871$964,762
63$1,349,183$549,501$395,147$983,036
64$1,425,466$515,094$347,051$1,002,414
65$1,507,599$477,068$295,413$1,023,053
66$1,596,117$435,187$240,051$1,045,132
67$1,691,607$389,198$180,780$1,068,854
68$1,794,717$338,835$117,402$1,094,444
69$1,906,158$283,817$49,714$1,122,158
70$2,026,709$223,847$0$1,152,282
71$2,157,229$158,612$0$1,191,386
72$2,298,662$87,779$0$1,248,706
73$2,452,045$11,000$0$1,310,905
74$2,618,519$0$0$1,378,501
75$2,799,339$0$0$1,471,902
76$2,995,886$0$0$1,576,783
77$3,209,676$0$0$1,690,936
78$3,442,382$0$0$1,815,263
79$3,695,842$0$0$1,950,754
80$3,972,078$0$0$2,098,500
81$4,273,317$0$0$2,259,704
82$4,602,009$0$0$2,435,685
83$4,960,851$0$0$2,627,899
84$5,352,813$0$0$2,837,949
85$5,781,162$0$0$3,067,596
86$6,249,497$0$0$3,318,783
87$6,761,780$0$0$3,593,647
88$7,322,373$0$0$3,894,542
89$7,936,080$0$0$4,224,061
90$8,608,189$0$0$4,585,057
91$9,344,527$0$0$4,980,674
92$10,151,508$0$0$5,414,374
93$11,036,196$0$0$5,889,970
94$12,006,374$0$0$6,411,662
95$13,070,611$0$0$6,984,076
96$14,238,348$0$0$7,612,305
97$15,519,981$0$0$8,301,964
98$16,926,965$0$0$9,059,234
99$18,471,915$0$0$9,890,925
100$20,168,730$0$0$10,804,540