Can I retire at age 52 with 998,000?

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 $998,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$82,414$81,680$80,964$80,265$79,582$78,784
2 years$40,799$40,039$39,303$38,589$37,896$37,092
3 years$26,929$26,166$25,431$24,724$24,043$23,258
4 years$19,996$19,235$18,508$17,812$17,148$16,388
5 years$15,837$15,080$14,363$13,682$13,035$12,303
6 years$13,065$12,314$11,607$10,941$10,314$9,611
7 years$11,086$10,341$9,646$8,995$8,388$7,713
8 years$9,602$8,865$8,180$7,546$6,959$6,312
9 years$8,449$7,718$7,046$6,428$5,860$5,242
10 years$7,527$6,803$6,143$5,541$4,993$4,403
11 years$6,773$6,056$5,408$4,822$4,294$3,732
12 years$6,145$5,436$4,799$4,230$3,722$3,186
13 years$5,614$4,913$4,288$3,734$3,245$2,736
14 years$5,159$4,465$3,853$3,315$2,845$2,361
15 years$4,766$4,079$3,478$2,956$2,505$2,046
16 years$4,422$3,743$3,154$2,647$2,214$1,779
17 years$4,118$3,447$2,870$2,378$1,963$1,552
18 years$3,849$3,185$2,620$2,143$1,745$1,357
19 years$3,608$2,952$2,398$1,937$1,556$1,189
20 years$3,392$2,743$2,201$1,754$1,389$1,044
21 years$3,196$2,555$2,024$1,592$1,243$918
22 years$3,019$2,385$1,866$1,447$1,115$808
23 years$2,857$2,231$1,723$1,318$1,000$713
24 years$2,709$2,090$1,593$1,202$899$629
25 years$2,573$1,961$1,476$1,098$809$556
26 years$2,448$1,843$1,369$1,004$729$491
27 years$2,332$1,735$1,271$919$657$435
28 years$2,224$1,635$1,181$842$593$385
29 years$2,124$1,542$1,099$772$535$341
30 years$2,031$1,456$1,024$709$484$302
31 years$1,945$1,377$955$651$437$268
32 years$1,863$1,303$891$598$396$238
33 years$1,787$1,234$832$550$358$211
34 years$1,716$1,169$777$506$324$187
35 years$1,648$1,109$727$466$294$166
36 years$1,585$1,053$680$429$266$147
37 years$1,525$1,000$636$395$241$131
38 years$1,469$950$596$364$219$116
39 years$1,415$903$558$336$198$103
40 years$1,364$860$523$310$180$92
41 years$1,316$818$491$286$163$82
42 years$1,271$779$460$264$148$73
43 years$1,227$742$432$244$134$65
44 years$1,186$708$405$225$122$57
45 years$1,146$675$381$208$111$51
46 years$1,109$644$357$192$101$45
47 years$1,073$614$336$177$91$40
48 years$1,039$587$316$164$83$36
49 years$1,006$560$297$151$75$32
50 years$974$535$279$140$68$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 52 starting with $998,000, adding $2,944 every year, while hoping to spend $31,087 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: 73/14/13 Blend
51$998,000$998,000$998,000$998,000
52$1,102,833$1,049,939$1,034,470$1,180,105
53$1,182,245$1,068,309$1,036,048$1,249,993
54$1,268,716$1,086,538$1,036,638$1,322,401
55$1,362,932$1,104,586$1,036,172$1,400,874
56$1,465,650$1,122,409$1,034,582$1,486,005
57$1,577,701$1,139,962$1,031,796$1,578,447
58$1,700,002$1,157,196$1,027,736$1,678,920
59$1,833,561$1,174,057$1,022,324$1,788,216
60$1,979,488$1,190,489$1,015,476$1,907,209
61$2,139,005$1,206,433$1,007,103$2,036,862
62$2,313,457$1,221,822$997,115$2,178,234
63$2,504,327$1,236,588$985,415$2,332,496
64$2,713,244$1,250,656$971,903$2,500,933
65$2,942,005$1,263,949$956,472$2,684,967
66$3,192,588$1,276,381$939,012$2,886,161
67$3,467,171$1,287,863$919,408$3,106,238
68$3,768,154$1,298,299$897,539$3,347,098
69$4,098,177$1,307,587$873,279$3,610,836
70$4,460,152$1,315,620$846,494$3,899,758
71$4,857,283$1,322,280$817,047$4,216,406
72$5,293,100$1,327,447$784,792$4,563,585
73$5,771,492$1,330,988$749,579$4,944,383
74$6,296,743$1,332,765$711,249$5,362,203
75$6,873,572$1,332,631$669,636$5,820,799
76$7,507,175$1,330,429$624,568$6,324,306
77$8,203,280$1,325,993$575,864$6,877,281
78$8,968,194$1,319,146$523,335$7,484,749
79$9,808,867$1,309,701$466,784$8,152,245
80$10,732,955$1,297,460$406,005$8,885,873
81$11,748,893$1,282,212$340,782$9,692,359
82$12,865,973$1,263,734$270,892$10,579,114
83$14,094,435$1,241,789$196,099$11,554,310
84$15,445,558$1,216,128$116,159$12,626,952
85$16,931,770$1,186,483$30,816$13,806,964
86$18,566,765$1,152,576$0$15,105,285
87$20,365,631$1,114,107$0$16,542,331
88$22,344,989$1,070,763$0$18,128,135
89$24,523,158$1,022,210$0$19,873,103
90$26,920,317$968,095$0$21,793,420
91$29,558,704$908,047$0$23,906,919
92$32,462,821$841,670$0$26,233,252
93$35,659,666$768,549$0$28,794,077
94$39,178,986$688,242$0$31,613,260
95$43,053,561$600,284$0$34,717,102
96$47,319,510$504,184$0$38,134,587
97$52,016,631$399,420$0$41,897,656
98$57,188,781$285,445$0$46,041,506
99$62,884,283$161,679$0$50,604,929
100$69,156,388$27,509$0$55,630,671