Can I retire at age 52 with 693,000?

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 $693,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$57,227$56,718$56,220$55,735$55,261$54,844
2 years$28,330$27,803$27,291$26,796$26,315$25,894
3 years$18,699$18,169$17,659$17,168$16,695$16,284
4 years$13,885$13,356$12,851$12,369$11,907$11,509
5 years$10,997$10,472$9,973$9,500$9,052$8,667
6 years$9,072$8,551$8,060$7,598$7,162$6,792
7 years$7,698$7,181$6,698$6,246$5,825$5,470
8 years$6,668$6,155$5,680$5,240$4,832$4,492
9 years$5,867$5,359$4,892$4,463$4,069$3,743
10 years$5,226$4,724$4,265$3,847$3,467$3,156
11 years$4,703$4,206$3,755$3,348$2,982$2,684
12 years$4,267$3,775$3,333$2,937$2,584$2,300
13 years$3,898$3,411$2,977$2,593$2,253$1,983
14 years$3,583$3,101$2,675$2,302$1,975$1,718
15 years$3,309$2,833$2,415$2,053$1,739$1,495
16 years$3,070$2,599$2,190$1,838$1,537$1,305
17 years$2,860$2,393$1,993$1,651$1,363$1,143
18 years$2,673$2,212$1,819$1,488$1,212$1,004
19 years$2,506$2,050$1,665$1,345$1,080$883
20 years$2,355$1,905$1,528$1,218$965$779
21 years$2,220$1,774$1,406$1,105$863$688
22 years$2,096$1,656$1,296$1,005$774$609
23 years$1,984$1,549$1,196$915$695$539
24 years$1,881$1,451$1,106$835$624$478
25 years$1,787$1,362$1,025$762$562$424
26 years$1,700$1,280$950$697$506$377
27 years$1,619$1,205$882$638$456$335
28 years$1,545$1,135$820$585$412$298
29 years$1,475$1,071$763$536$372$265
30 years$1,411$1,011$711$492$336$236
31 years$1,350$956$663$452$304$210
32 years$1,294$905$619$415$275$188
33 years$1,241$857$578$382$249$167
34 years$1,191$812$540$351$225$149
35 years$1,145$770$505$323$204$133
36 years$1,101$731$472$298$185$119
37 years$1,059$694$442$274$167$106
38 years$1,020$660$414$253$152$95
39 years$983$627$388$233$138$85
40 years$947$597$363$215$125$76
41 years$914$568$341$198$113$68
42 years$882$541$320$183$103$60
43 years$852$516$300$169$93$54
44 years$823$491$281$156$85$48
45 years$796$469$264$144$77$43
46 years$770$447$248$133$70$38
47 years$745$427$233$123$63$34
48 years$721$407$219$114$58$31
49 years$698$389$206$105$52$27
50 years$677$372$194$97$47$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 52 starting with $693,000, adding $3,643 every year, while hoping to spend $24,888 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: 68/7/25 Blend
51$693,000$693,000$693,000$693,000
52$767,444$730,715$719,973$814,466
53$819,242$740,039$717,612$855,811
54$875,490$748,986$714,337$897,839
55$936,615$757,511$710,092$943,243
56$1,003,087$765,567$704,817$992,355
57$1,075,424$773,101$698,451$1,045,544
58$1,154,195$780,061$690,926$1,103,215
59$1,240,026$786,387$682,176$1,165,816
60$1,333,607$792,019$672,127$1,233,841
61$1,435,697$796,890$660,706$1,307,834
62$1,547,132$800,931$647,833$1,388,396
63$1,668,830$804,067$633,426$1,476,189
64$1,801,804$806,220$617,399$1,571,944
65$1,947,167$807,304$599,661$1,676,466
66$2,106,148$807,232$580,119$1,790,643
67$2,280,096$805,907$558,675$1,915,456
68$2,470,500$803,230$535,224$2,051,986
69$2,678,996$799,094$509,659$2,201,423
70$2,907,389$793,385$481,868$2,365,083
71$3,157,665$785,983$451,733$2,544,415
72$3,432,011$776,760$419,130$2,741,016
73$3,732,836$765,582$383,931$2,956,650
74$4,062,795$752,305$346,002$3,193,259
75$4,424,810$736,777$305,203$3,452,986
76$4,822,100$718,839$261,387$3,738,195
77$5,258,211$698,319$214,400$4,051,491
78$5,737,050$675,038$164,084$4,395,746
79$6,262,919$648,804$110,271$4,774,128
80$6,840,558$619,417$52,786$5,190,129
81$7,475,190$586,663$0$5,647,599
82$8,172,566$550,317$0$6,153,068
83$8,939,024$510,138$0$6,724,108
84$9,781,545$465,876$0$7,351,835
85$10,707,823$417,264$0$8,041,994
86$11,726,330$364,019$0$8,800,914
87$12,846,403$305,844$0$9,635,569
88$14,078,330$242,424$0$10,553,644
89$15,433,444$173,427$0$11,563,608
90$16,924,231$98,501$0$12,674,791
91$18,564,451$17,276$0$13,897,476
92$20,369,263$0$0$15,242,994
93$22,355,369$0$0$16,729,271
94$24,541,174$0$0$18,366,503
95$26,946,957$0$0$20,168,555
96$29,595,060$0$0$22,152,169
97$32,510,105$0$0$24,335,793
98$35,719,220$0$0$26,739,757
99$39,252,296$0$0$29,386,459
100$43,142,272$0$0$32,300,581