Can I retire at age 52 with 983,000?

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 $983,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$81,175$80,452$79,747$79,058$78,386$76,367
2 years$40,186$39,437$38,712$38,009$37,327$35,306
3 years$26,524$25,773$25,049$24,353$23,682$21,722
4 years$19,695$18,946$18,229$17,545$16,890$15,007
5 years$15,599$14,854$14,147$13,476$12,839$11,039
6 years$12,868$12,129$11,433$10,777$10,159$8,442
7 years$10,919$10,186$9,501$8,860$8,262$6,629
8 years$9,458$8,731$8,057$7,433$6,854$5,304
9 years$8,322$7,602$6,940$6,331$5,772$4,304
10 years$7,413$6,701$6,050$5,457$4,918$3,529
11 years$6,671$5,965$5,327$4,750$4,230$2,919
12 years$6,052$5,354$4,727$4,166$3,666$2,430
13 years$5,530$4,839$4,223$3,678$3,196$2,034
14 years$5,082$4,398$3,795$3,265$2,802$1,709
15 years$4,694$4,018$3,426$2,912$2,467$1,442
16 years$4,355$3,686$3,106$2,607$2,180$1,220
17 years$4,056$3,395$2,827$2,342$1,933$1,035
18 years$3,791$3,137$2,580$2,111$1,719$880
19 years$3,554$2,907$2,362$1,907$1,532$749
20 years$3,341$2,702$2,168$1,728$1,369$639
21 years$3,148$2,517$1,994$1,568$1,225$545
22 years$2,974$2,349$1,838$1,426$1,098$466
23 years$2,814$2,197$1,697$1,298$985$399
24 years$2,668$2,059$1,569$1,184$886$341
25 years$2,534$1,932$1,454$1,081$797$292
26 years$2,411$1,816$1,348$989$718$250
27 years$2,297$1,709$1,252$905$647$215
28 years$2,191$1,610$1,164$829$584$184
29 years$2,093$1,519$1,083$760$527$158
30 years$2,001$1,434$1,009$698$477$136
31 years$1,915$1,356$940$641$431$116
32 years$1,835$1,283$877$589$390$100
33 years$1,760$1,215$819$542$353$86
34 years$1,690$1,152$765$498$319$74
35 years$1,624$1,092$716$459$289$63
36 years$1,561$1,037$669$423$262$54
37 years$1,502$985$627$389$238$47
38 years$1,447$936$587$359$215$40
39 years$1,394$890$550$331$195$35
40 years$1,344$847$515$305$177$30
41 years$1,297$806$483$282$161$26
42 years$1,252$768$453$260$146$22
43 years$1,209$731$425$240$132$19
44 years$1,168$697$399$221$120$16
45 years$1,129$665$375$205$109$14
46 years$1,092$634$352$189$99$12
47 years$1,057$605$331$175$90$10
48 years$1,023$578$311$161$82$9
49 years$991$552$292$149$74$8
50 years$960$527$275$138$67$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 52 starting with $983,000, adding $3,113 every year, while hoping to spend $59,374 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: 22/50/28 Blend
51$983,000$983,000$983,000$983,000
52$1,086,477$1,034,378$1,019,142$1,100,675
53$1,134,124$1,021,889$990,109$1,101,014
54$1,184,641$1,006,798$958,115$1,096,199
55$1,238,259$988,915$922,995$1,089,772
56$1,295,228$968,039$884,582$1,081,637
57$1,355,824$943,955$842,698$1,071,698
58$1,420,347$916,439$797,159$1,059,858
59$1,489,129$885,250$747,769$1,046,013
60$1,562,529$850,137$694,329$1,030,062
61$1,640,944$810,830$636,625$1,011,897
62$1,724,806$767,047$574,439$991,413
63$1,814,592$718,488$507,538$968,500
64$1,910,823$664,836$435,682$943,049
65$2,014,070$605,756$358,621$914,950
66$2,124,960$540,894$276,090$884,094
67$2,244,184$469,875$187,817$850,372
68$2,372,497$392,305$93,515$813,679
69$2,510,728$307,765$0$773,908
70$2,659,791$215,814$0$733,089
71$2,820,687$115,985$0$718,951
72$2,994,516$7,788$0$703,534
73$3,182,489$0$0$686,859
74$3,385,934$0$0$729,094
75$3,606,315$0$0$779,631
76$3,845,237$0$0$834,573
77$4,104,468$0$0$894,345
78$4,385,952$0$0$959,414
79$4,691,826$0$0$1,030,297
80$5,024,442$0$0$1,107,560
81$5,386,388$0$0$1,191,827
82$5,780,509$0$0$1,283,785
83$6,209,940$0$0$1,384,191
84$6,678,127$0$0$1,493,876
85$7,188,864$0$0$1,613,756
86$7,746,328$0$0$1,744,841
87$8,355,116$0$0$1,888,240
88$9,020,287$0$0$2,045,177
89$9,747,415$0$0$2,216,998
90$10,542,631$0$0$2,405,186
91$11,412,691$0$0$2,611,374
92$12,365,029$0$0$2,837,360
93$13,407,837$0$0$3,085,125
94$14,550,130$0$0$3,356,850
95$15,801,839$0$0$3,654,938
96$17,173,903$0$0$3,982,036
97$18,678,365$0$0$4,341,057
98$20,328,494$0$0$4,735,213
99$22,138,901$0$0$5,168,042
100$24,125,683$0$0$5,643,439