Can I retire at age 52 with 708,000?

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 $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%12.3%
1 years$58,466$57,945$57,437$56,941$56,457$55,914
2 years$28,944$28,405$27,882$27,376$26,884$26,337
3 years$19,104$18,563$18,042$17,540$17,056$16,522
4 years$14,185$13,646$13,130$12,636$12,165$11,648
5 years$11,235$10,698$10,189$9,706$9,248$8,749
6 years$9,268$8,736$8,234$7,762$7,317$6,838
7 years$7,864$7,336$6,843$6,382$5,951$5,491
8 years$6,812$6,289$5,803$5,353$4,937$4,496
9 years$5,994$5,475$4,998$4,560$4,158$3,736
10 years$5,339$4,826$4,358$3,931$3,542$3,140
11 years$4,805$4,297$3,836$3,421$3,047$2,663
12 years$4,359$3,856$3,405$3,001$2,640$2,275
13 years$3,983$3,485$3,042$2,649$2,302$1,955
14 years$3,660$3,168$2,733$2,351$2,018$1,688
15 years$3,381$2,894$2,468$2,097$1,777$1,464
16 years$3,137$2,655$2,237$1,878$1,570$1,274
17 years$2,922$2,445$2,036$1,687$1,392$1,112
18 years$2,730$2,259$1,858$1,520$1,238$973
19 years$2,560$2,094$1,701$1,374$1,104$853
20 years$2,406$1,946$1,561$1,244$986$749
21 years$2,268$1,813$1,436$1,129$882$660
22 years$2,142$1,692$1,324$1,027$791$581
23 years$2,027$1,582$1,222$935$710$513
24 years$1,922$1,483$1,130$853$638$453
25 years$1,825$1,391$1,047$779$574$400
26 years$1,736$1,308$971$712$517$354
27 years$1,654$1,231$902$652$466$314
28 years$1,578$1,160$838$597$421$278
29 years$1,507$1,094$780$548$380$246
30 years$1,441$1,033$727$503$343$219
31 years$1,380$977$677$462$310$194
32 years$1,322$924$632$424$281$172
33 years$1,268$875$590$390$254$153
34 years$1,217$829$551$359$230$136
35 years$1,169$787$515$330$208$121
36 years$1,124$747$482$304$189$107
37 years$1,082$709$451$280$171$95
38 years$1,042$674$423$258$155$85
39 years$1,004$641$396$238$141$75
40 years$968$610$371$220$128$67
41 years$934$580$348$203$116$60
42 years$901$553$326$187$105$53
43 years$871$527$306$173$95$47
44 years$841$502$288$160$87$42
45 years$813$479$270$147$79$37
46 years$787$457$254$136$71$33
47 years$761$436$238$126$65$30
48 years$737$416$224$116$59$26
49 years$714$397$210$107$53$23
50 years$691$380$198$99$49$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 52 starting with $708,000, adding $3,289 every year, while hoping to spend $40,563 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: 38/43/19 Blend
51$708,000$708,000$708,000$708,000
52$783,609$746,085$735,111$808,806
53$820,378$739,484$716,578$820,668
54$859,538$731,201$696,065$829,393
55$901,291$721,109$673,463$837,979
56$945,855$709,076$648,657$846,438
57$993,473$694,962$621,528$854,784
58$1,044,410$678,617$591,951$863,035
59$1,098,954$659,883$559,795$871,217
60$1,157,424$638,594$524,925$879,360
61$1,220,168$614,573$487,198$887,503
62$1,287,571$587,632$446,464$895,693
63$1,360,051$557,574$402,569$903,986
64$1,438,071$524,190$355,349$912,449
65$1,522,136$487,257$304,635$921,161
66$1,612,803$446,542$250,250$930,215
67$1,710,684$401,798$192,008$939,719
68$1,816,450$352,762$129,717$949,798
69$1,930,839$299,159$63,174$960,597
70$2,054,663$240,696$0$972,284
71$2,188,814$177,065$0$986,638
72$2,334,272$107,940$0$1,016,061
73$2,492,117$32,978$0$1,048,028
74$2,663,533$0$0$1,082,871
75$2,849,827$0$0$1,143,763
76$3,052,432$0$0$1,227,043
77$3,272,929$0$0$1,317,766
78$3,513,055$0$0$1,416,657
79$3,774,722$0$0$1,524,517
80$4,060,034$0$0$1,642,224
81$4,371,306$0$0$1,770,747
82$4,711,089$0$0$1,911,152
83$5,082,188$0$0$2,064,611
84$5,487,692$0$0$2,232,416
85$5,931,001$0$0$2,415,989
86$6,415,861$0$0$2,616,897
87$6,946,392$0$0$2,836,864
88$7,527,136$0$0$3,077,788
89$8,163,090$0$0$3,341,760
90$8,859,759$0$0$3,631,084
91$9,623,206$0$0$3,948,295
92$10,460,106$0$0$4,296,188
93$11,377,813$0$0$4,677,838
94$12,384,426$0$0$5,096,635
95$13,488,865$0$0$5,556,312
96$14,700,955$0$0$6,060,980
97$16,031,519$0$0$6,615,168
98$17,492,479$0$0$7,223,867
99$19,096,969$0$0$7,892,572
100$20,859,454$0$0$8,627,340