Can I retire at age 52 with 1,020,000?

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 $1,020,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$84,231$83,480$82,748$82,034$81,336$79,113
2 years$41,698$40,922$40,169$39,439$38,732$36,508
3 years$27,523$26,743$25,992$25,269$24,573$22,419
4 years$20,436$19,659$18,916$18,205$17,526$15,457
5 years$16,186$15,413$14,679$13,983$13,323$11,346
6 years$13,353$12,586$11,863$11,182$10,542$8,658
7 years$11,330$10,569$9,858$9,194$8,573$6,783
8 years$9,814$9,060$8,361$7,712$7,112$5,415
9 years$8,635$7,888$7,201$6,569$5,990$4,383
10 years$7,692$6,953$6,278$5,663$5,103$3,585
11 years$6,922$6,190$5,527$4,928$4,389$2,957
12 years$6,280$5,556$4,905$4,323$3,804$2,456
13 years$5,738$5,021$4,382$3,816$3,317$2,050
14 years$5,273$4,564$3,938$3,388$2,907$1,718
15 years$4,871$4,169$3,555$3,021$2,560$1,445
16 years$4,519$3,825$3,223$2,705$2,262$1,219
17 years$4,209$3,523$2,933$2,431$2,006$1,031
18 years$3,934$3,255$2,677$2,190$1,784$874
19 years$3,688$3,017$2,451$1,979$1,590$742
20 years$3,467$2,803$2,249$1,793$1,420$631
21 years$3,267$2,611$2,069$1,627$1,271$537
22 years$3,085$2,438$1,907$1,479$1,139$457
23 years$2,920$2,280$1,761$1,347$1,023$390
24 years$2,769$2,136$1,628$1,229$919$333
25 years$2,630$2,005$1,508$1,122$827$284
26 years$2,502$1,884$1,399$1,026$745$243
27 years$2,383$1,773$1,299$939$672$207
28 years$2,273$1,671$1,208$860$606$177
29 years$2,171$1,576$1,124$789$547$152
30 years$2,076$1,488$1,047$724$494$130
31 years$1,988$1,407$976$665$447$111
32 years$1,905$1,331$910$611$404$95
33 years$1,827$1,261$850$562$366$81
34 years$1,754$1,195$794$517$331$70
35 years$1,685$1,133$743$476$300$60
36 years$1,620$1,076$695$438$272$51
37 years$1,559$1,022$650$404$246$44
38 years$1,501$971$609$372$223$37
39 years$1,446$923$570$343$203$32
40 years$1,395$879$535$317$184$27
41 years$1,345$836$501$292$167$24
42 years$1,299$796$470$270$151$20
43 years$1,254$759$441$249$137$17
44 years$1,212$723$414$230$125$15
45 years$1,172$690$389$212$113$13
46 years$1,133$658$365$196$103$11
47 years$1,097$628$343$181$93$9
48 years$1,061$599$323$167$85$8
49 years$1,028$572$303$155$77$7
50 years$996$547$285$143$70$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 52 starting with $1,020,000, adding $3,468 every year, while hoping to spend $58,942 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: 70/5/25 Blend
51$1,020,000$1,020,000$1,020,000$1,020,000
52$1,127,617$1,073,557$1,057,747$1,199,153
53$1,179,920$1,063,448$1,030,468$1,237,372
54$1,235,583$1,050,867$1,000,299$1,272,018
55$1,294,885$1,035,633$967,082$1,308,550
56$1,358,135$1,017,550$930,651$1,347,152
57$1,425,667$996,413$890,830$1,388,028
58$1,497,852$972,004$847,440$1,431,404
59$1,575,093$944,091$800,289$1,477,530
60$1,657,832$912,432$749,179$1,526,685
61$1,746,557$876,767$693,902$1,579,176
62$1,841,800$836,822$634,241$1,635,345
63$1,944,146$792,309$569,971$1,695,568
64$2,054,237$742,921$500,853$1,760,266
65$2,172,779$688,334$426,642$1,829,900
66$2,300,546$628,206$347,078$1,904,984
67$2,438,389$562,175$261,892$1,986,086
68$2,587,242$489,860$170,803$2,073,835
69$2,748,133$410,855$73,517$2,168,924
70$2,922,190$324,734$0$2,272,125
71$3,110,654$231,046$0$2,392,371
72$3,314,888$129,315$0$2,543,973
73$3,536,394$19,038$0$2,708,431
74$3,776,819$0$0$2,886,988
75$4,037,979$0$0$3,086,533
76$4,321,869$0$0$3,304,632
77$4,630,684$0$0$3,541,931
78$4,966,840$0$0$3,800,291
79$5,332,994$0$0$4,081,762
80$5,732,071$0$0$4,388,598
81$6,167,291$0$0$4,723,283
82$6,642,194$0$0$5,088,548
83$7,160,682$0$0$5,487,399
84$7,727,047$0$0$5,923,148
85$8,346,014$0$0$6,399,438
86$9,022,787$0$0$6,920,282
87$9,763,092$0$0$7,490,097
88$10,573,239$0$0$8,113,748
89$11,460,171$0$0$8,796,590
90$12,431,536$0$0$9,544,522
91$13,495,758$0$0$10,364,040
92$14,662,110$0$0$11,262,297
93$15,940,809$0$0$12,247,171
94$17,343,105$0$0$13,327,341
95$18,881,389$0$0$14,512,362
96$20,569,310$0$0$15,812,764
97$22,421,904$0$0$17,240,141
98$24,455,729$0$0$18,807,266
99$26,689,029$0$0$20,528,210
100$29,141,897$0$0$22,418,472