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%11.5%
1 years$80,102$79,388$78,692$78,013$77,349$76,862
2 years$39,654$38,916$38,200$37,506$36,833$36,341
3 years$26,174$25,432$24,718$24,030$23,368$22,888
4 years$19,435$18,695$17,988$17,313$16,666$16,200
5 years$15,392$14,657$13,960$13,298$12,670$12,220
6 years$12,698$11,969$11,282$10,634$10,025$9,592
7 years$10,775$10,051$9,375$8,743$8,153$7,737
8 years$9,333$8,616$7,951$7,334$6,764$6,364
9 years$8,212$7,502$6,848$6,247$5,696$5,313
10 years$7,315$6,612$5,970$5,385$4,853$4,487
11 years$6,583$5,887$5,256$4,687$4,174$3,824
12 years$5,972$5,283$4,665$4,111$3,617$3,283
13 years$5,456$4,775$4,168$3,629$3,154$2,836
14 years$5,015$4,340$3,745$3,222$2,765$2,462
15 years$4,632$3,965$3,381$2,873$2,434$2,146
16 years$4,297$3,638$3,065$2,573$2,152$1,878
17 years$4,003$3,350$2,789$2,311$1,908$1,648
18 years$3,741$3,096$2,546$2,083$1,696$1,450
19 years$3,507$2,869$2,331$1,882$1,512$1,279
20 years$3,297$2,666$2,139$1,705$1,350$1,130
21 years$3,107$2,483$1,968$1,547$1,209$1,000
22 years$2,934$2,318$1,814$1,407$1,083$887
23 years$2,777$2,168$1,674$1,281$972$787
24 years$2,633$2,031$1,549$1,168$874$700
25 years$2,501$1,906$1,434$1,067$786$622
26 years$2,379$1,792$1,330$976$708$554
27 years$2,266$1,686$1,235$893$639$494
28 years$2,162$1,589$1,148$818$576$440
29 years$2,065$1,499$1,069$750$520$393
30 years$1,975$1,415$995$689$470$351
31 years$1,890$1,338$928$632$425$313
32 years$1,811$1,266$866$581$385$280
33 years$1,737$1,199$808$535$348$250
34 years$1,668$1,136$755$492$315$224
35 years$1,602$1,078$706$453$285$200
36 years$1,541$1,023$661$417$259$179
37 years$1,482$972$618$384$234$160
38 years$1,427$923$579$354$212$144
39 years$1,375$878$542$326$193$129
40 years$1,326$835$508$301$175$115
41 years$1,279$795$477$278$159$103
42 years$1,235$757$447$256$144$92
43 years$1,193$722$420$237$131$83
44 years$1,152$688$394$219$119$74
45 years$1,114$656$370$202$108$66
46 years$1,078$626$347$186$98$60
47 years$1,043$597$326$172$89$53
48 years$1,009$570$307$159$81$48
49 years$978$544$288$147$73$43
50 years$947$520$271$136$66$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 52 starting with $970,000, adding $3,323 every year, while hoping to spend $51,172 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: 86/8/6 Blend
51$970,000$970,000$970,000$970,000
52$1,072,368$1,020,958$1,005,923$1,164,039
53$1,127,303$1,016,538$985,174$1,219,865
54$1,186,126$1,010,187$962,016$1,273,804
55$1,249,180$1,001,755$936,313$1,331,426
56$1,316,841$991,085$907,924$1,393,064
57$1,389,520$978,011$876,701$1,459,088
58$1,467,672$962,354$842,491$1,529,900
59$1,551,792$943,927$805,133$1,605,947
60$1,642,427$922,531$764,456$1,687,719
61$1,740,176$897,956$720,287$1,775,755
62$1,845,696$869,979$672,439$1,870,651
63$1,959,713$838,364$620,722$1,973,059
64$2,083,021$802,861$564,933$2,083,700
65$2,216,494$763,205$504,863$2,203,368
66$2,361,092$719,119$440,292$2,332,936
67$2,517,873$670,305$370,991$2,473,367
68$2,687,998$616,452$296,721$2,625,721
69$2,872,745$557,229$217,233$2,791,166
70$3,073,519$492,287$132,264$2,970,989
71$3,291,866$421,257$41,543$3,166,606
72$3,529,487$343,750$0$3,379,581
73$3,788,254$259,353$0$3,615,173
74$4,070,226$167,631$0$3,874,807
75$4,377,670$68,126$0$4,157,931
76$4,713,080$0$0$4,466,868
77$5,079,201$0$0$4,807,669
78$5,479,057$0$0$5,186,431
79$5,915,974$0$0$5,600,311
80$6,393,615$0$0$6,052,781
81$6,916,013$0$0$6,547,661
82$7,487,609$0$0$7,089,160
83$8,113,291$0$0$7,681,911
84$8,798,445$0$0$8,331,017
85$9,548,998$0$0$9,042,097
86$10,371,481$0$0$9,821,339
87$11,273,084$0$0$10,675,557
88$12,261,728$0$0$11,612,257
89$13,346,135$0$0$12,639,706
90$14,535,914$0$0$13,767,009
91$15,841,647$0$0$15,004,196
92$17,274,992$0$0$16,362,314
93$18,848,789$0$0$17,853,532
94$20,577,183$0$0$19,491,256
95$22,475,757$0$0$21,290,253
96$24,561,676$0$0$23,266,790
97$26,853,850$0$0$25,438,789
98$29,373,113$0$0$27,825,994
99$32,142,416$0$0$30,450,156
100$35,187,046$0$0$33,335,239