Can I retire at age 52 with 1,060,000?

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 $1,060,000?

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$87,534$86,754$85,993$85,251$84,526$81,236
2 years$43,334$42,527$41,744$40,986$40,250$36,976
3 years$28,602$27,792$27,011$26,260$25,537$22,380
4 years$21,238$20,430$19,657$18,919$18,213$15,199
5 years$16,820$16,017$15,255$14,532$13,845$10,981
6 years$13,876$13,079$12,328$11,621$10,955$8,243
7 years$11,774$10,984$10,245$9,554$8,909$6,348
8 years$10,199$9,415$8,688$8,015$7,391$4,978
9 years$8,974$8,198$7,483$6,827$6,225$3,957
10 years$7,994$7,226$6,524$5,885$5,304$3,176
11 years$7,193$6,433$5,744$5,122$4,561$2,569
12 years$6,526$5,774$5,097$4,492$3,953$2,091
13 years$5,963$5,218$4,554$3,966$3,447$1,710
14 years$5,480$4,743$4,092$3,521$3,021$1,404
15 years$5,062$4,333$3,695$3,140$2,660$1,156
16 years$4,696$3,975$3,350$2,811$2,351$955
17 years$4,374$3,661$3,048$2,526$2,085$790
18 years$4,088$3,383$2,782$2,276$1,854$655
19 years$3,832$3,135$2,547$2,057$1,652$543
20 years$3,603$2,913$2,338$1,863$1,476$451
21 years$3,395$2,714$2,150$1,691$1,321$375
22 years$3,206$2,533$1,982$1,537$1,184$312
23 years$3,035$2,369$1,830$1,400$1,063$260
24 years$2,877$2,220$1,692$1,277$955$217
25 years$2,733$2,083$1,567$1,166$859$181
26 years$2,600$1,958$1,454$1,066$774$151
27 years$2,477$1,843$1,350$976$698$126
28 years$2,363$1,736$1,255$894$630$105
29 years$2,256$1,638$1,168$820$569$87
30 years$2,158$1,547$1,088$753$514$73
31 years$2,065$1,462$1,014$691$465$61
32 years$1,979$1,384$946$635$420$51
33 years$1,898$1,310$883$584$380$42
34 years$1,822$1,242$825$537$344$35
35 years$1,751$1,178$772$495$312$30
36 years$1,684$1,118$722$456$283$25
37 years$1,620$1,062$676$420$256$21
38 years$1,560$1,009$633$387$232$17
39 years$1,503$960$593$357$211$14
40 years$1,449$913$556$329$191$12
41 years$1,398$869$521$304$173$10
42 years$1,350$828$489$280$157$8
43 years$1,303$789$459$259$143$7
44 years$1,259$752$430$239$130$6
45 years$1,218$717$404$221$118$5
46 years$1,178$684$380$204$107$4
47 years$1,140$653$357$188$97$3
48 years$1,103$623$335$174$88$3
49 years$1,068$595$315$161$80$2
50 years$1,035$568$296$149$73$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 52 starting with $1,060,000, adding $2,510 every year, while hoping to spend $47,637 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: 56/20/24 Blend
51$1,060,000$1,060,000$1,060,000$1,060,000
52$1,170,709$1,114,529$1,098,099$1,228,475
53$1,239,436$1,118,456$1,084,200$1,272,257
54$1,313,576$1,120,978$1,068,239$1,314,700
55$1,393,632$1,121,977$1,050,096$1,359,937
56$1,480,155$1,121,326$1,029,646$1,408,251
57$1,573,751$1,118,891$1,006,760$1,459,955
58$1,675,086$1,114,530$981,299$1,515,396
59$1,784,894$1,108,090$953,120$1,574,959
60$1,903,978$1,099,411$922,075$1,639,071
61$2,033,225$1,088,324$888,006$1,708,204
62$2,173,609$1,074,647$850,749$1,782,881
63$2,326,202$1,058,189$810,134$1,863,680
64$2,492,182$1,038,748$765,981$1,951,242
65$2,672,846$1,016,108$718,103$2,046,277
66$2,869,621$990,043$666,305$2,149,568
67$3,084,079$960,311$610,382$2,261,984
68$3,317,946$926,657$550,121$2,384,485
69$3,573,125$888,812$485,298$2,518,134
70$3,851,710$846,490$415,682$2,664,104
71$4,156,006$799,389$341,029$2,823,695
72$4,488,550$747,191$261,085$2,998,343
73$4,852,135$689,556$175,584$3,189,635
74$5,249,837$626,128$84,250$3,399,326
75$5,685,042$556,531$0$3,629,354
76$6,161,479$480,364$0$3,885,250
77$6,683,255$397,206$0$4,189,237
78$7,254,891$306,614$0$4,522,417
79$7,881,367$208,115$0$4,887,763
80$8,568,168$101,214$0$5,288,555
81$9,321,334$0$0$5,728,410
82$10,147,518$0$0$6,214,532
83$11,054,048$0$0$6,772,467
84$12,048,995$0$0$7,384,920
85$13,141,252$0$0$8,057,374
86$14,340,612$0$0$8,795,874
87$15,657,863$0$0$9,607,075
88$17,104,891$0$0$10,498,310
89$18,694,788$0$0$11,477,657
90$20,441,978$0$0$12,554,016
91$22,362,353$0$0$13,737,192
92$24,473,417$0$0$15,037,985
93$26,794,458$0$0$16,468,297
94$29,346,724$0$0$18,041,238
95$32,153,628$0$0$19,771,254
96$35,240,963$0$0$21,674,261
97$38,637,146$0$0$23,767,795
98$42,373,492$0$0$26,071,175
99$46,484,498$0$0$28,605,691
100$51,008,177$0$0$31,394,798