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%12.7%
1 years$80,927$80,207$79,503$78,817$78,147$77,266
2 years$40,063$39,317$38,594$37,893$37,213$36,326
3 years$26,443$25,694$24,973$24,278$23,609$22,745
4 years$19,635$18,888$18,174$17,491$16,838$16,002
5 years$15,551$14,808$14,104$13,435$12,800$11,995
6 years$12,829$12,092$11,398$10,744$10,128$9,354
7 years$10,886$10,155$9,472$8,833$8,237$7,495
8 years$9,429$8,705$8,033$7,410$6,833$6,123
9 years$8,296$7,579$6,919$6,312$5,755$5,076
10 years$7,391$6,680$6,032$5,441$4,903$4,256
11 years$6,650$5,947$5,310$4,735$4,217$3,601
12 years$6,034$5,338$4,713$4,153$3,654$3,068
13 years$5,513$4,824$4,211$3,667$3,187$2,630
14 years$5,066$4,385$3,783$3,255$2,793$2,265
15 years$4,680$4,006$3,416$2,903$2,460$1,959
16 years$4,342$3,675$3,097$2,599$2,174$1,700
17 years$4,044$3,385$2,818$2,335$1,927$1,479
18 years$3,779$3,128$2,572$2,105$1,714$1,291
19 years$3,543$2,899$2,355$1,902$1,528$1,129
20 years$3,331$2,693$2,161$1,722$1,364$989
21 years$3,139$2,509$1,988$1,563$1,221$867
22 years$2,964$2,342$1,832$1,421$1,094$762
23 years$2,806$2,190$1,692$1,294$982$670
24 years$2,660$2,052$1,565$1,181$883$590
25 years$2,527$1,926$1,449$1,078$795$520
26 years$2,403$1,810$1,344$986$716$459
27 years$2,290$1,703$1,248$902$645$405
28 years$2,184$1,605$1,160$827$582$358
29 years$2,086$1,514$1,080$758$526$316
30 years$1,995$1,430$1,006$696$475$279
31 years$1,910$1,352$938$639$430$247
32 years$1,830$1,279$875$587$389$219
33 years$1,755$1,211$817$540$352$194
34 years$1,685$1,148$763$497$318$171
35 years$1,619$1,089$713$457$288$152
36 years$1,556$1,034$667$421$261$134
37 years$1,498$982$625$388$237$119
38 years$1,442$933$585$358$215$106
39 years$1,390$887$548$330$195$94
40 years$1,340$844$514$304$177$83
41 years$1,293$803$482$281$160$73
42 years$1,248$765$452$259$145$65
43 years$1,205$729$424$239$132$58
44 years$1,164$695$398$221$120$51
45 years$1,126$663$374$204$109$45
46 years$1,089$632$351$188$99$40
47 years$1,054$603$330$174$90$36
48 years$1,020$576$310$161$81$32
49 years$988$550$291$149$74$28
50 years$957$525$274$137$67$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 52 starting with $980,000, adding $2,844 every year, while hoping to spend $56,159 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: 68/14/18 Blend
51$980,000$980,000$980,000$980,000
52$1,082,894$1,030,954$1,015,764$1,151,604
53$1,133,596$1,021,718$990,039$1,188,613
54$1,187,588$1,010,147$961,570$1,222,231
55$1,245,145$996,068$930,206$1,257,620
56$1,306,571$979,296$895,789$1,294,949
57$1,372,196$959,636$858,153$1,334,407
58$1,442,385$936,883$817,126$1,376,205
59$1,517,534$910,817$772,526$1,420,575
60$1,598,082$881,206$724,165$1,467,775
61$1,684,507$847,806$671,845$1,518,093
62$1,777,335$810,356$615,360$1,571,845
63$1,877,144$768,584$554,495$1,629,385
64$1,984,566$722,198$489,024$1,691,102
65$2,100,298$670,892$418,712$1,757,430
66$2,225,103$614,341$343,314$1,828,848
67$2,359,822$552,202$262,574$1,905,886
68$2,505,377$484,113$176,223$1,989,135
69$2,662,781$409,690$83,982$2,079,244
70$2,833,149$328,529$0$2,176,936
71$3,017,705$240,202$0$2,285,786
72$3,217,797$144,257$0$2,421,295
73$3,434,904$40,218$0$2,568,356
74$3,670,658$0$0$2,728,115
75$3,926,847$0$0$2,912,992
76$4,205,445$0$0$3,120,829
77$4,508,618$0$0$3,347,052
78$4,838,752$0$0$3,593,448
79$5,198,474$0$0$3,861,985
80$5,590,671$0$0$4,154,825
81$6,018,524$0$0$4,474,351
82$6,485,532$0$0$4,823,184
83$6,995,549$0$0$5,204,211
84$7,552,815$0$0$5,620,607
85$8,161,999$0$0$6,075,872
86$8,828,242$0$0$6,573,855
87$9,557,204$0$0$7,118,797
88$10,355,117$0$0$7,715,367
89$11,228,844$0$0$8,368,706
90$12,185,943$0$0$9,084,477
91$13,234,736$0$0$9,868,914
92$14,384,390$0$0$10,728,886
93$15,644,999$0$0$11,671,955
94$17,027,683$0$0$12,706,451
95$18,544,687$0$0$13,841,551
96$20,209,502$0$0$15,087,361
97$22,036,985$0$0$16,455,014
98$24,043,504$0$0$17,956,773
99$26,247,089$0$0$19,606,146
100$28,667,600$0$0$21,418,016