Can I retire at age 52 with 989,000?

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 $989,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$81,671$80,943$80,233$79,541$78,864$77,114
2 years$40,431$39,678$38,948$38,241$37,554$35,801
3 years$26,686$25,930$25,202$24,501$23,826$22,123
4 years$19,815$19,061$18,341$17,652$16,993$15,354
5 years$15,694$14,944$14,233$13,558$12,918$11,347
6 years$12,947$12,203$11,502$10,843$10,221$8,721
7 years$10,986$10,248$9,559$8,914$8,313$6,883
8 years$9,515$8,785$8,106$7,478$6,896$5,536
9 years$8,373$7,649$6,982$6,370$5,808$4,516
10 years$7,459$6,742$6,087$5,491$4,948$3,725
11 years$6,712$6,002$5,359$4,779$4,256$3,098
12 years$6,089$5,387$4,756$4,191$3,688$2,594
13 years$5,563$4,868$4,249$3,700$3,216$2,184
14 years$5,113$4,425$3,818$3,285$2,819$1,847
15 years$4,723$4,042$3,447$2,929$2,482$1,568
16 years$4,382$3,709$3,125$2,623$2,194$1,336
17 years$4,081$3,416$2,844$2,357$1,945$1,140
18 years$3,814$3,156$2,596$2,124$1,730$976
19 years$3,576$2,925$2,377$1,919$1,542$836
20 years$3,361$2,718$2,181$1,738$1,377$718
21 years$3,168$2,532$2,006$1,577$1,232$617
22 years$2,992$2,363$1,849$1,434$1,104$531
23 years$2,831$2,210$1,707$1,306$991$457
24 years$2,685$2,071$1,579$1,191$891$394
25 years$2,550$1,944$1,462$1,088$802$340
26 years$2,426$1,827$1,356$995$722$294
27 years$2,311$1,719$1,259$911$651$254
28 years$2,204$1,620$1,171$834$588$219
29 years$2,105$1,528$1,090$765$531$189
30 years$2,013$1,443$1,015$702$479$164
31 years$1,927$1,364$946$645$433$142
32 years$1,847$1,291$883$593$392$123
33 years$1,771$1,223$824$545$355$106
34 years$1,700$1,159$770$501$321$92
35 years$1,634$1,099$720$462$291$79
36 years$1,571$1,043$674$425$264$69
37 years$1,511$991$630$392$239$60
38 years$1,455$942$590$361$217$52
39 years$1,402$895$553$333$196$45
40 years$1,352$852$518$307$178$39
41 years$1,304$811$486$283$162$34
42 years$1,259$772$456$261$147$29
43 years$1,216$736$428$241$133$25
44 years$1,175$701$402$223$121$22
45 years$1,136$669$377$206$110$19
46 years$1,099$638$354$190$100$16
47 years$1,063$609$333$176$90$14
48 years$1,029$581$313$162$82$12
49 years$997$555$294$150$75$11
50 years$966$530$276$139$68$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 52 starting with $989,000, adding $5,277 every year, while hoping to spend $59,703 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: 71/13/16 Blend
51$989,000$989,000$989,000$989,000
52$1,095,321$1,042,904$1,027,575$1,168,684
53$1,143,520$1,030,483$998,475$1,205,694
54$1,194,635$1,015,452$966,399$1,238,501
55$1,248,899$997,621$931,185$1,272,878
56$1,306,569$976,787$892,662$1,308,968
57$1,367,926$952,735$850,653$1,346,933
58$1,433,275$925,241$804,971$1,386,950
59$1,502,954$894,062$755,422$1,429,220
60$1,577,329$858,945$701,802$1,473,960
61$1,656,805$819,621$643,901$1,521,415
62$1,741,822$775,806$581,495$1,571,856
63$1,832,866$727,199$514,353$1,625,582
64$1,930,468$673,481$442,234$1,682,926
65$2,035,211$614,317$364,884$1,744,257
66$2,147,735$549,350$282,039$1,809,984
67$2,268,741$478,206$193,425$1,880,558
68$2,399,001$400,486$98,753$1,956,482
69$2,539,361$315,772$0$2,038,312
70$2,690,751$223,620$0$2,127,053
71$2,854,193$123,563$0$2,241,013
72$3,030,809$15,106$0$2,364,126
73$3,221,833$0$0$2,497,287
74$3,428,620$0$0$2,656,111
75$3,652,662$0$0$2,830,571
76$3,895,597$0$0$3,019,787
77$4,159,228$0$0$3,225,169
78$4,445,537$0$0$3,448,266
79$4,756,705$0$0$3,690,785
80$5,095,130$0$0$3,954,600
81$5,463,452$0$0$4,241,777
82$5,864,574$0$0$4,554,585
83$6,301,692$0$0$4,895,524
84$6,778,322$0$0$5,267,345
85$7,298,335$0$0$5,673,075
86$7,865,990$0$0$6,116,046
87$8,485,979$0$0$6,599,925
88$9,163,462$0$0$7,128,752
89$9,904,124$0$0$7,706,972
90$10,714,222$0$0$8,339,479
91$11,600,646$0$0$9,031,663
92$12,570,983$0$0$9,789,459
93$13,633,587$0$0$10,619,403
94$14,797,658$0$0$11,528,690
95$16,073,328$0$0$12,525,247
96$17,471,755$0$0$13,617,802
97$19,005,228$0$0$14,815,970
98$20,687,283$0$0$16,130,340
99$22,532,829$0$0$17,572,574
100$24,558,287$0$0$19,155,520