Can I retire at age 52 with 1,040,000?

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 $1,040,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$85,882$85,117$84,371$83,642$82,931$79,704
2 years$42,516$41,724$40,957$40,213$39,491$36,278
3 years$28,062$27,267$26,502$25,765$25,055$21,958
4 years$20,837$20,044$19,286$18,562$17,869$14,912
5 years$16,503$15,715$14,967$14,257$13,584$10,774
6 years$13,615$12,832$12,096$11,402$10,748$8,087
7 years$11,552$10,777$10,052$9,374$8,741$6,228
8 years$10,006$9,238$8,524$7,864$7,252$4,885
9 years$8,804$8,043$7,342$6,698$6,107$3,882
10 years$7,843$7,089$6,401$5,774$5,204$3,116
11 years$7,058$6,311$5,635$5,025$4,475$2,521
12 years$6,403$5,665$5,001$4,408$3,878$2,052
13 years$5,850$5,119$4,468$3,891$3,382$1,678
14 years$5,376$4,653$4,015$3,454$2,964$1,378
15 years$4,966$4,251$3,625$3,081$2,610$1,135
16 years$4,608$3,900$3,286$2,758$2,307$937
17 years$4,292$3,592$2,991$2,478$2,045$775
18 years$4,011$3,319$2,730$2,233$1,819$642
19 years$3,760$3,076$2,499$2,018$1,621$533
20 years$3,535$2,858$2,294$1,828$1,448$443
21 years$3,331$2,662$2,110$1,659$1,296$368
22 years$3,146$2,485$1,944$1,508$1,161$306
23 years$2,977$2,324$1,795$1,374$1,043$255
24 years$2,823$2,178$1,660$1,253$937$213
25 years$2,681$2,044$1,538$1,144$843$177
26 years$2,551$1,921$1,426$1,046$760$148
27 years$2,430$1,808$1,324$958$685$123
28 years$2,318$1,703$1,231$877$618$103
29 years$2,214$1,607$1,146$805$558$86
30 years$2,117$1,518$1,067$738$504$72
31 years$2,027$1,435$995$678$456$60
32 years$1,942$1,357$928$623$412$50
33 years$1,862$1,286$867$573$373$42
34 years$1,788$1,218$810$527$338$35
35 years$1,718$1,156$757$485$306$29
36 years$1,652$1,097$708$447$277$24
37 years$1,589$1,042$663$412$251$20
38 years$1,530$990$621$380$228$17
39 years$1,475$941$582$350$207$14
40 years$1,422$896$545$323$187$12
41 years$1,372$853$511$298$170$10
42 years$1,324$812$480$275$154$8
43 years$1,279$774$450$254$140$7
44 years$1,236$738$422$234$127$6
45 years$1,195$703$397$216$115$5
46 years$1,155$671$372$200$105$4
47 years$1,118$640$350$185$95$3
48 years$1,082$611$329$171$86$3
49 years$1,048$584$309$158$78$2
50 years$1,015$558$291$146$71$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 52 starting with $1,040,000, adding $6,957 every year, while hoping to spend $20,586 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: 64/18/18 Blend
51$1,040,000$1,040,000$1,040,000$1,040,000
52$1,153,256$1,098,136$1,082,016$1,221,431
53$1,248,985$1,130,041$1,096,360$1,299,970
54$1,353,788$1,162,820$1,110,495$1,382,759
55$1,468,569$1,196,493$1,124,392$1,472,713
56$1,594,324$1,231,082$1,138,020$1,570,530
57$1,732,149$1,266,609$1,151,347$1,676,983
58$1,883,251$1,303,096$1,164,340$1,792,921
59$2,048,960$1,340,564$1,176,962$1,919,280
60$2,230,739$1,379,038$1,189,176$2,057,089
61$2,430,203$1,418,539$1,200,942$2,207,483
62$2,649,128$1,459,092$1,212,218$2,371,712
63$2,889,472$1,500,720$1,222,960$2,551,153
64$3,153,389$1,543,446$1,233,120$2,747,322
65$3,443,256$1,587,296$1,242,651$2,961,889
66$3,761,688$1,632,293$1,251,499$3,196,696
67$4,111,567$1,678,463$1,259,612$3,453,769
68$4,496,069$1,725,830$1,266,931$3,735,341
69$4,918,692$1,774,419$1,273,397$4,043,874
70$5,383,289$1,824,256$1,278,946$4,382,078
71$5,894,106$1,875,366$1,283,512$4,752,940
72$6,455,820$1,927,775$1,287,025$5,159,752
73$7,073,585$1,981,507$1,289,412$5,606,139
74$7,753,080$2,036,590$1,290,596$6,096,097
75$8,500,560$2,093,049$1,290,497$6,634,028
76$9,322,917$2,150,908$1,289,029$7,224,781
77$10,227,747$2,210,195$1,286,104$7,873,703
78$11,223,418$2,270,935$1,281,629$8,586,682
79$12,319,148$2,333,153$1,275,505$9,370,208
80$13,525,098$2,396,874$1,267,631$10,231,431
81$14,852,460$2,462,123$1,257,899$11,178,231
82$16,313,570$2,528,926$1,246,197$12,219,291
83$17,922,016$2,597,305$1,232,407$13,364,178
84$19,692,775$2,667,286$1,216,406$14,623,436
85$21,642,346$2,738,892$1,198,064$16,008,682
86$23,788,912$2,812,144$1,177,246$17,532,721
87$26,152,509$2,887,066$1,153,811$19,209,659
88$28,755,211$2,963,679$1,127,610$21,055,043
89$31,621,346$3,042,003$1,098,488$23,086,006
90$34,777,720$3,122,058$1,066,284$25,321,427
91$38,253,870$3,203,861$1,030,827$27,782,111
92$42,082,345$3,287,431$991,941$30,490,983
93$46,299,012$3,372,783$949,439$33,473,309
94$50,943,394$3,459,932$903,127$36,756,930
95$56,059,042$3,548,890$852,804$40,372,526
96$61,693,948$3,639,669$798,256$44,353,909
97$67,900,995$3,732,278$739,263$48,738,338
98$74,738,462$3,826,725$675,593$53,566,871
99$82,270,564$3,923,013$607,004$58,884,757
100$90,568,067$4,021,146$533,244$64,741,858