Can I retire at age 52 with 980,000?

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 $980,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$80,927$80,207$79,503$78,817$78,147$75,950
2 years$40,063$39,317$38,594$37,893$37,213$35,016
3 years$26,443$25,694$24,973$24,278$23,609$21,482
4 years$19,635$18,888$18,174$17,491$16,838$14,796
5 years$15,551$14,808$14,104$13,435$12,800$10,849
6 years$12,829$12,092$11,398$10,744$10,128$8,270
7 years$10,886$10,155$9,472$8,833$8,237$6,472
8 years$9,429$8,705$8,033$7,410$6,833$5,160
9 years$8,296$7,579$6,919$6,312$5,755$4,172
10 years$7,391$6,680$6,032$5,441$4,903$3,408
11 years$6,650$5,947$5,310$4,735$4,217$2,808
12 years$6,034$5,338$4,713$4,153$3,654$2,328
13 years$5,513$4,824$4,211$3,667$3,187$1,941
14 years$5,066$4,385$3,783$3,255$2,793$1,625
15 years$4,680$4,006$3,416$2,903$2,460$1,365
16 years$4,342$3,675$3,097$2,599$2,174$1,150
17 years$4,044$3,385$2,818$2,335$1,927$971
18 years$3,779$3,128$2,572$2,105$1,714$822
19 years$3,543$2,899$2,355$1,902$1,528$696
20 years$3,331$2,693$2,161$1,722$1,364$591
21 years$3,139$2,509$1,988$1,563$1,221$502
22 years$2,964$2,342$1,832$1,421$1,094$427
23 years$2,806$2,190$1,692$1,294$982$364
24 years$2,660$2,052$1,565$1,181$883$310
25 years$2,527$1,926$1,449$1,078$795$264
26 years$2,403$1,810$1,344$986$716$225
27 years$2,290$1,703$1,248$902$645$192
28 years$2,184$1,605$1,160$827$582$164
29 years$2,086$1,514$1,080$758$526$140
30 years$1,995$1,430$1,006$696$475$120
31 years$1,910$1,352$938$639$430$102
32 years$1,830$1,279$875$587$389$87
33 years$1,755$1,211$817$540$352$75
34 years$1,685$1,148$763$497$318$64
35 years$1,619$1,089$713$457$288$55
36 years$1,556$1,034$667$421$261$47
37 years$1,498$982$625$388$237$40
38 years$1,442$933$585$358$215$34
39 years$1,390$887$548$330$195$29
40 years$1,340$844$514$304$177$25
41 years$1,293$803$482$281$160$21
42 years$1,248$765$452$259$145$18
43 years$1,205$729$424$239$132$16
44 years$1,164$695$398$221$120$13
45 years$1,126$663$374$204$109$11
46 years$1,089$632$351$188$99$10
47 years$1,054$603$330$174$90$8
48 years$1,020$576$310$161$81$7
49 years$988$550$291$149$74$6
50 years$957$525$274$137$67$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 52 starting with $980,000, adding $6,238 every year, while hoping to spend $37,508 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: 40/47/13 Blend
51$980,000$980,000$980,000$980,000
52$1,086,394$1,034,454$1,019,264$1,125,404
53$1,157,299$1,045,235$1,013,502$1,164,359
54$1,234,178$1,055,286$1,006,289$1,202,320
55$1,317,602$1,064,533$997,537$1,242,565
56$1,408,197$1,072,895$987,155$1,285,319
57$1,506,654$1,080,288$975,046$1,330,830
58$1,613,731$1,086,619$961,107$1,379,376
59$1,730,261$1,091,793$945,234$1,431,260
60$1,857,163$1,095,707$927,315$1,486,824
61$1,995,447$1,098,250$907,233$1,546,442
62$2,146,225$1,099,306$884,868$1,610,531
63$2,310,720$1,098,753$860,091$1,679,552
64$2,490,280$1,096,458$832,771$1,754,016
65$2,686,387$1,092,282$802,766$1,834,491
66$2,900,672$1,086,078$769,933$1,921,602
67$3,134,933$1,077,689$734,119$2,016,045
68$3,391,149$1,066,948$695,164$2,118,588
69$3,671,496$1,053,679$652,902$2,230,081
70$3,978,375$1,037,695$607,160$2,351,467
71$4,314,424$1,018,797$557,756$2,483,789
72$4,682,555$996,777$504,499$2,628,198
73$5,085,968$971,412$447,193$2,785,972
74$5,528,192$942,466$385,629$2,958,521
75$6,013,111$909,691$319,591$3,147,407
76$6,545,005$872,823$248,854$3,354,354
77$7,128,587$831,582$173,182$3,581,272
78$7,769,048$785,675$92,329$3,830,271
79$8,472,106$734,789$6,038$4,103,683
80$9,244,061$678,593$0$4,404,086
81$10,091,851$616,740$0$4,746,266
82$11,023,119$548,860$0$5,123,104
83$12,046,287$474,563$0$5,537,282
84$13,170,631$393,439$0$5,992,685
85$14,406,369$305,052$0$6,493,603
86$15,764,762$208,942$0$7,044,773
87$17,258,212$104,625$0$7,651,423
88$18,900,385$0$0$8,319,323
89$20,706,338$0$0$9,059,195
90$22,692,659$0$0$9,932,618
91$24,877,624$0$0$10,893,536
92$27,281,371$0$0$11,950,823
93$29,926,086$0$0$13,114,257
94$32,836,215$0$0$14,394,612
95$36,038,694$0$0$15,803,757
96$39,563,201$0$0$17,354,774
97$43,442,438$0$0$19,062,074
98$47,712,436$0$0$20,941,537
99$52,412,898$0$0$23,010,663
100$57,587,572$0$0$25,288,732