Can I retire at age 52 with 970,000?

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 $970,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$80,102$79,388$78,692$78,013$77,349$75,205
2 years$39,654$38,916$38,200$37,506$36,833$34,689
3 years$26,174$25,432$24,718$24,030$23,368$21,291
4 years$19,435$18,695$17,988$17,313$16,666$14,672
5 years$15,392$14,657$13,960$13,298$12,670$10,764
6 years$12,698$11,969$11,282$10,634$10,025$8,210
7 years$10,775$10,051$9,375$8,743$8,153$6,428
8 years$9,333$8,616$7,951$7,334$6,764$5,128
9 years$8,212$7,502$6,848$6,247$5,696$4,148
10 years$7,315$6,612$5,970$5,385$4,853$3,392
11 years$6,583$5,887$5,256$4,687$4,174$2,796
12 years$5,972$5,283$4,665$4,111$3,617$2,320
13 years$5,456$4,775$4,168$3,629$3,154$1,935
14 years$5,015$4,340$3,745$3,222$2,765$1,621
15 years$4,632$3,965$3,381$2,873$2,434$1,363
16 years$4,297$3,638$3,065$2,573$2,152$1,149
17 years$4,003$3,350$2,789$2,311$1,908$971
18 years$3,741$3,096$2,546$2,083$1,696$822
19 years$3,507$2,869$2,331$1,882$1,512$697
20 years$3,297$2,666$2,139$1,705$1,350$592
21 years$3,107$2,483$1,968$1,547$1,209$504
22 years$2,934$2,318$1,814$1,407$1,083$429
23 years$2,777$2,168$1,674$1,281$972$365
24 years$2,633$2,031$1,549$1,168$874$312
25 years$2,501$1,906$1,434$1,067$786$266
26 years$2,379$1,792$1,330$976$708$227
27 years$2,266$1,686$1,235$893$639$194
28 years$2,162$1,589$1,148$818$576$166
29 years$2,065$1,499$1,069$750$520$141
30 years$1,975$1,415$995$689$470$121
31 years$1,890$1,338$928$632$425$103
32 years$1,811$1,266$866$581$385$88
33 years$1,737$1,199$808$535$348$76
34 years$1,668$1,136$755$492$315$65
35 years$1,602$1,078$706$453$285$55
36 years$1,541$1,023$661$417$259$47
37 years$1,482$972$618$384$234$41
38 years$1,427$923$579$354$212$35
39 years$1,375$878$542$326$193$30
40 years$1,326$835$508$301$175$25
41 years$1,279$795$477$278$159$22
42 years$1,235$757$447$256$144$19
43 years$1,193$722$420$237$131$16
44 years$1,152$688$394$219$119$14
45 years$1,114$656$370$202$108$12
46 years$1,078$626$347$186$98$10
47 years$1,043$597$326$172$89$9
48 years$1,009$570$307$159$81$7
49 years$978$544$288$147$73$6
50 years$947$520$271$136$66$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 52 starting with $970,000, adding $3,764 every year, while hoping to spend $42,046 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: 52/24/24 Blend
51$970,000$970,000$970,000$970,000
52$1,072,823$1,021,413$1,006,378$1,121,260
53$1,137,514$1,026,725$995,355$1,160,476
54$1,207,394$1,030,889$982,553$1,198,496
55$1,282,949$1,033,803$967,869$1,238,989
56$1,364,711$1,035,361$951,194$1,282,207
57$1,453,266$1,035,448$932,414$1,328,429
58$1,549,259$1,033,944$911,409$1,377,964
59$1,653,397$1,030,721$888,055$1,431,155
60$1,766,460$1,025,643$862,221$1,488,382
61$1,889,304$1,018,564$833,771$1,550,065
62$2,022,872$1,009,333$802,561$1,616,672
63$2,168,202$997,787$768,443$1,688,717
64$2,326,433$983,753$731,261$1,766,774
65$2,498,822$967,050$690,851$1,851,476
66$2,686,750$947,484$647,042$1,943,523
67$2,891,737$924,849$599,657$2,043,691
68$3,115,458$898,931$548,510$2,152,838
69$3,359,755$869,498$493,404$2,271,915
70$3,626,655$836,308$434,139$2,401,972
71$3,918,391$799,105$370,500$2,544,171
72$4,237,422$757,616$302,266$2,699,798
73$4,586,453$711,554$229,207$2,870,273
74$4,968,465$660,614$151,079$3,057,169
75$5,386,740$604,475$67,632$3,262,223
76$5,844,891$542,798$0$3,487,353
77$6,346,897$475,222$0$3,740,169
78$6,897,141$401,369$0$4,036,368
79$7,500,451$320,837$0$4,361,277
80$8,162,142$233,203$0$4,717,837
81$8,888,069$138,019$0$5,109,289
82$9,684,683$34,813$0$5,539,209
83$10,559,088$0$0$6,011,542
84$11,519,108$0$0$6,550,953
85$12,573,365$0$0$7,153,511
86$13,731,355$0$0$7,815,462
87$15,003,537$0$0$8,542,799
88$16,401,438$0$0$9,342,125
89$17,937,751$0$0$10,220,712
90$19,626,465$0$0$11,186,575
91$21,482,988$0$0$12,248,542
92$23,524,297$0$0$13,416,338
93$25,769,096$0$0$14,700,681
94$28,237,992$0$0$16,113,377
95$30,953,690$0$0$17,667,434
96$33,941,204$0$0$19,377,186
97$37,228,098$0$0$21,258,424
98$40,844,738$0$0$23,328,549
99$44,824,586$0$0$25,606,732
100$49,204,510$0$0$28,114,098