Can I retire at age 52 with 988,000?

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 $988,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$81,588$80,861$80,152$79,460$78,785$76,080
2 years$40,390$39,638$38,909$38,202$37,516$34,819
3 years$26,659$25,904$25,177$24,476$23,802$21,197
4 years$19,795$19,042$18,322$17,634$16,976$14,483
5 years$15,678$14,929$14,219$13,545$12,905$10,530
6 years$12,934$12,191$11,491$10,832$10,211$7,957
7 years$10,975$10,238$9,549$8,905$8,304$6,170
8 years$9,506$8,776$8,098$7,470$6,889$4,873
9 years$8,364$7,641$6,975$6,363$5,802$3,902
10 years$7,451$6,735$6,081$5,485$4,943$3,156
11 years$6,705$5,996$5,354$4,774$4,251$2,573
12 years$6,083$5,382$4,751$4,187$3,684$2,111
13 years$5,558$4,863$4,245$3,697$3,213$1,741
14 years$5,108$4,421$3,814$3,281$2,816$1,441
15 years$4,718$4,038$3,444$2,926$2,480$1,197
16 years$4,377$3,705$3,122$2,620$2,192$997
17 years$4,077$3,412$2,841$2,354$1,943$832
18 years$3,810$3,153$2,593$2,122$1,728$696
19 years$3,572$2,922$2,374$1,917$1,540$583
20 years$3,358$2,715$2,179$1,736$1,376$489
21 years$3,164$2,529$2,004$1,576$1,231$410
22 years$2,989$2,361$1,847$1,433$1,103$344
23 years$2,829$2,208$1,706$1,305$990$290
24 years$2,682$2,069$1,577$1,190$890$244
25 years$2,547$1,942$1,461$1,087$801$205
26 years$2,423$1,825$1,355$994$722$173
27 years$2,308$1,717$1,258$910$651$145
28 years$2,202$1,618$1,170$833$587$122
29 years$2,103$1,527$1,088$764$530$103
30 years$2,011$1,442$1,014$701$479$87
31 years$1,925$1,363$945$644$433$73
32 years$1,845$1,290$882$592$392$62
33 years$1,769$1,221$823$544$354$52
34 years$1,699$1,158$769$501$321$44
35 years$1,632$1,098$719$461$291$37
36 years$1,569$1,042$673$425$263$31
37 years$1,510$990$630$391$239$26
38 years$1,454$941$590$361$216$22
39 years$1,401$894$553$333$196$19
40 years$1,351$851$518$307$178$16
41 years$1,303$810$486$283$161$13
42 years$1,258$771$456$261$147$11
43 years$1,215$735$427$241$133$10
44 years$1,174$701$401$223$121$8
45 years$1,135$668$377$206$110$7
46 years$1,098$637$354$190$100$6
47 years$1,062$608$332$175$90$5
48 years$1,028$581$312$162$82$4
49 years$996$554$294$150$75$3
50 years$965$530$276$138$68$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 52 starting with $988,000, adding $3,521 every year, while hoping to spend $44,246 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: 51/42/7 Blend
51$988,000$988,000$988,000$988,000
52$1,092,408$1,040,044$1,024,730$1,146,040
53$1,156,756$1,043,929$1,011,981$1,186,794
54$1,226,185$1,046,521$997,322$1,226,007
55$1,301,166$1,047,710$980,642$1,267,580
56$1,382,217$1,047,380$961,826$1,311,744
57$1,469,908$1,045,407$940,752$1,358,756
58$1,564,864$1,041,657$917,293$1,408,900
59$1,667,774$1,035,993$891,316$1,462,492
60$1,779,395$1,028,264$862,683$1,519,883
61$1,900,559$1,018,315$831,249$1,581,460
62$2,032,181$1,005,977$796,860$1,647,653
63$2,175,268$991,074$759,360$1,718,938
64$2,330,927$973,419$718,580$1,795,845
65$2,500,378$952,813$674,349$1,878,958
66$2,684,962$929,046$626,485$1,968,925
67$2,886,154$901,895$574,798$2,066,463
68$3,105,577$871,124$519,090$2,172,368
69$3,345,021$836,484$459,154$2,287,520
70$3,606,453$797,711$394,775$2,412,892
71$3,892,038$754,525$325,727$2,549,563
72$4,204,161$706,632$251,774$2,698,725
73$4,545,447$653,719$172,670$2,861,700
74$4,918,787$595,456$88,159$3,039,948
75$5,327,363$531,493$0$3,235,084
76$5,774,681$461,463$0$3,449,047
77$6,264,598$384,974$0$3,690,699
78$6,801,365$301,616$0$3,955,655
79$7,389,663$210,954$0$4,246,354
80$8,034,645$112,527$0$4,565,491
81$8,741,990$5,852$0$4,916,043
82$9,517,950$0$0$5,301,298
83$10,369,412$0$0$5,775,536
84$11,303,964$0$0$6,299,126
85$12,329,961$0$0$6,874,058
86$13,456,609$0$0$7,505,505
87$14,694,049$0$0$8,199,163
88$16,053,450$0$0$8,961,310
89$17,547,120$0$0$9,798,859
90$19,188,615$0$0$10,719,428
91$20,992,871$0$0$11,731,410
92$22,976,342$0$0$12,844,049
93$25,157,156$0$0$14,067,533
94$27,555,286$0$0$15,413,085
95$30,192,736$0$0$16,893,068
96$33,093,750$0$0$18,521,107
97$36,285,041$0$0$20,312,212
98$39,796,039$0$0$22,282,920
99$43,659,171$0$0$24,451,456
100$47,910,167$0$0$26,837,895