Can I retire at age 52 with 1,120,000?

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 $1,120,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$92,489$91,665$90,861$90,076$89,310$88,748
2 years$45,786$44,934$44,107$43,306$42,529$41,961
3 years$30,221$29,365$28,540$27,747$26,982$26,427
4 years$22,440$21,586$20,770$19,990$19,244$18,706
5 years$17,772$16,924$16,118$15,354$14,629$14,109
6 years$14,662$13,820$13,026$12,279$11,575$11,075
7 years$12,441$11,606$10,825$10,095$9,414$8,933
8 years$10,776$9,948$9,180$8,469$7,810$7,348
9 years$9,482$8,662$7,907$7,213$6,577$6,135
10 years$8,447$7,635$6,893$6,218$5,604$5,181
11 years$7,601$6,797$6,069$5,411$4,819$4,415
12 years$6,896$6,100$5,386$4,747$4,176$3,791
13 years$6,300$5,513$4,812$4,191$3,642$3,274
14 years$5,790$5,011$4,324$3,720$3,193$2,843
15 years$5,348$4,578$3,904$3,317$2,811$2,478
16 years$4,962$4,200$3,539$2,970$2,484$2,168
17 years$4,622$3,868$3,221$2,669$2,203$1,903
18 years$4,319$3,574$2,940$2,405$1,959$1,675
19 years$4,049$3,313$2,691$2,173$1,746$1,477
20 years$3,807$3,078$2,470$1,968$1,559$1,305
21 years$3,587$2,867$2,272$1,786$1,395$1,155
22 years$3,388$2,677$2,094$1,624$1,251$1,024
23 years$3,206$2,503$1,933$1,479$1,123$909
24 years$3,040$2,345$1,788$1,349$1,009$808
25 years$2,888$2,201$1,656$1,232$908$719
26 years$2,747$2,069$1,536$1,127$818$640
27 years$2,617$1,947$1,426$1,031$737$570
28 years$2,496$1,834$1,326$945$665$508
29 years$2,384$1,731$1,234$866$601$454
30 years$2,280$1,634$1,149$795$543$405
31 years$2,182$1,545$1,071$730$491$362
32 years$2,091$1,462$1,000$671$444$323
33 years$2,006$1,384$933$617$402$289
34 years$1,925$1,312$872$568$364$258
35 years$1,850$1,245$815$523$330$231
36 years$1,779$1,181$763$481$299$207
37 years$1,712$1,122$714$444$271$185
38 years$1,648$1,066$669$409$245$166
39 years$1,588$1,014$626$377$222$148
40 years$1,531$965$587$348$202$133
41 years$1,477$918$551$321$183$119
42 years$1,426$874$516$296$166$107
43 years$1,377$833$485$273$151$96
44 years$1,331$794$455$252$137$86
45 years$1,286$757$427$233$124$77
46 years$1,244$723$401$215$113$69
47 years$1,204$689$377$199$102$62
48 years$1,166$658$354$184$93$55
49 years$1,129$629$333$170$84$49
50 years$1,094$600$313$157$77$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 52 starting with $1,120,000, adding $5,119 every year, while hoping to spend $58,168 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: 37/36/27 Blend
51$1,120,000$1,120,000$1,120,000$1,120,000
52$1,239,520$1,180,160$1,162,800$1,275,211
53$1,304,061$1,176,098$1,139,864$1,297,920
54$1,373,235$1,169,887$1,114,209$1,316,746
55$1,447,455$1,161,360$1,085,685$1,335,959
56$1,527,170$1,150,342$1,054,130$1,355,629
57$1,612,876$1,136,644$1,019,378$1,375,843
58$1,705,118$1,120,068$981,256$1,396,698
59$1,804,492$1,100,403$939,580$1,418,307
60$1,911,653$1,077,426$894,159$1,440,801
61$2,027,323$1,050,901$844,794$1,464,329
62$2,152,293$1,020,578$791,278$1,489,060
63$2,287,432$986,191$733,391$1,515,189
64$2,433,697$947,462$670,906$1,542,936
65$2,592,139$904,092$603,586$1,572,553
66$2,763,913$855,769$531,183$1,604,321
67$2,950,291$802,160$453,436$1,638,563
68$3,152,669$742,915$370,075$1,675,640
69$3,372,586$677,662$280,817$1,715,960
70$3,611,732$606,010$185,367$1,759,983
71$3,871,969$527,544$83,416$1,808,223
72$4,155,342$441,826$0$1,861,262
73$4,464,105$348,394$0$1,927,063
74$4,800,736$246,758$0$2,025,161
75$5,167,965$136,403$0$2,132,418
76$5,568,794$16,783$0$2,249,851
77$6,006,529$0$0$2,378,590
78$6,484,810$0$0$2,564,525
79$7,007,641$0$0$2,775,197
80$7,579,435$0$0$3,005,754
81$8,205,048$0$0$3,258,174
82$8,889,828$0$0$3,534,635
83$9,639,662$0$0$3,837,534
84$10,461,037$0$0$4,169,514
85$11,361,093$0$0$4,533,482
86$12,347,695$0$0$4,932,645
87$13,429,505$0$0$5,370,529
88$14,616,064$0$0$5,851,022
89$15,917,879$0$0$6,378,405
90$17,346,526$0$0$6,957,395
91$18,914,752$0$0$7,593,186
92$20,636,602$0$0$8,291,501
93$22,527,547$0$0$9,058,645
94$24,604,627$0$0$9,901,561
95$26,886,616$0$0$10,827,901
96$29,394,196$0$0$11,846,094
97$32,150,151$0$0$12,965,426
98$35,179,582$0$0$14,196,127
99$38,510,145$0$0$15,549,468
100$42,172,305$0$0$17,037,869