Can I retire at age 52 with 983,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%15.2%
1 years$81,175$80,452$79,747$79,058$78,386$76,709
2 years$40,186$39,437$38,712$38,009$37,327$35,645
3 years$26,524$25,773$25,049$24,353$23,682$22,049
4 years$19,695$18,946$18,229$17,545$16,890$15,318
5 years$15,599$14,854$14,147$13,476$12,839$11,332
6 years$12,868$12,129$11,433$10,777$10,159$8,719
7 years$10,919$10,186$9,501$8,860$8,262$6,889
8 years$9,458$8,731$8,057$7,433$6,854$5,547
9 years$8,322$7,602$6,940$6,331$5,772$4,531
10 years$7,413$6,701$6,050$5,457$4,918$3,741
11 years$6,671$5,965$5,327$4,750$4,230$3,116
12 years$6,052$5,354$4,727$4,166$3,666$2,613
13 years$5,530$4,839$4,223$3,678$3,196$2,203
14 years$5,082$4,398$3,795$3,265$2,802$1,866
15 years$4,694$4,018$3,426$2,912$2,467$1,586
16 years$4,355$3,686$3,106$2,607$2,180$1,352
17 years$4,056$3,395$2,827$2,342$1,933$1,156
18 years$3,791$3,137$2,580$2,111$1,719$991
19 years$3,554$2,907$2,362$1,907$1,532$850
20 years$3,341$2,702$2,168$1,728$1,369$731
21 years$3,148$2,517$1,994$1,568$1,225$630
22 years$2,974$2,349$1,838$1,426$1,098$543
23 years$2,814$2,197$1,697$1,298$985$468
24 years$2,668$2,059$1,569$1,184$886$404
25 years$2,534$1,932$1,454$1,081$797$349
26 years$2,411$1,816$1,348$989$718$302
27 years$2,297$1,709$1,252$905$647$261
28 years$2,191$1,610$1,164$829$584$226
29 years$2,093$1,519$1,083$760$527$196
30 years$2,001$1,434$1,009$698$477$170
31 years$1,915$1,356$940$641$431$147
32 years$1,835$1,283$877$589$390$127
33 years$1,760$1,215$819$542$353$110
34 years$1,690$1,152$765$498$319$96
35 years$1,624$1,092$716$459$289$83
36 years$1,561$1,037$669$423$262$72
37 years$1,502$985$627$389$238$62
38 years$1,447$936$587$359$215$54
39 years$1,394$890$550$331$195$47
40 years$1,344$847$515$305$177$41
41 years$1,297$806$483$282$161$35
42 years$1,252$768$453$260$146$31
43 years$1,209$731$425$240$132$27
44 years$1,168$697$399$221$120$23
45 years$1,129$665$375$205$109$20
46 years$1,092$634$352$189$99$17
47 years$1,057$605$331$175$90$15
48 years$1,023$578$311$161$82$13
49 years$991$552$292$149$74$11
50 years$960$527$275$138$67$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 52 starting with $983,000, adding $3,304 every year, while hoping to spend $43,501 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: 42/30/28 Blend
51$983,000$983,000$983,000$983,000
52$1,086,674$1,034,575$1,019,339$1,123,285
53$1,151,230$1,038,985$1,007,202$1,154,365
54$1,220,913$1,042,152$993,200$1,183,660
55$1,296,199$1,043,971$977,226$1,214,556
56$1,377,614$1,044,328$959,165$1,247,227
57$1,465,733$1,043,102$938,899$1,281,869
58$1,561,189$1,040,165$916,304$1,318,697
59$1,664,679$1,035,382$891,249$1,357,955
60$1,776,969$1,028,609$863,598$1,399,912
61$1,898,901$1,019,692$833,210$1,444,868
62$2,031,402$1,008,470$799,936$1,493,159
63$2,175,490$994,770$763,619$1,545,158
64$2,332,287$978,411$724,097$1,601,278
65$2,503,027$959,200$681,201$1,661,981
66$2,689,067$936,932$634,753$1,727,780
67$2,891,901$911,390$584,566$1,799,245
68$3,113,174$882,347$530,447$1,877,009
69$3,354,694$849,559$472,194$1,961,774
70$3,618,455$812,770$409,595$2,054,321
71$3,906,650$771,707$342,429$2,155,515
72$4,221,692$726,085$270,464$2,266,317
73$4,566,241$675,599$193,460$2,387,793
74$4,943,222$619,928$111,166$2,521,122
75$5,355,859$558,733$23,319$2,667,615
76$5,807,700$491,655$0$2,828,721
77$6,302,654$418,315$0$3,027,090
78$6,845,025$338,311$0$3,252,260
79$7,439,551$251,222$0$3,499,320
80$8,091,453$156,600$0$3,770,542
81$8,806,481$53,974$0$4,068,440
82$9,590,968$0$0$4,395,786
83$10,451,888$0$0$4,774,511
84$11,396,925$0$0$5,209,927
85$12,434,543$0$0$5,688,129
86$13,574,064$0$0$6,213,433
87$14,825,760$0$0$6,790,588
88$16,200,943$0$0$7,424,830
89$17,712,078$0$0$8,121,925
90$19,372,896$0$0$8,888,226
91$21,198,524$0$0$9,730,732
92$23,205,628$0$0$10,657,155
93$25,412,570$0$0$11,675,991
94$27,839,580$0$0$12,796,600
95$30,508,944$0$0$14,029,296
96$33,445,220$0$0$15,385,441
97$36,675,463$0$0$16,877,555
98$40,229,484$0$0$18,519,432
99$44,140,129$0$0$20,326,273
100$48,443,588$0$0$22,314,824