Can I retire at age 52 with 1,240,000?

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 $1,240,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$102,398$101,486$100,596$99,727$98,879$96,022
2 years$50,692$49,748$48,833$47,946$47,085$44,229
3 years$33,459$32,511$31,598$30,719$29,873$27,108
4 years$24,844$23,899$22,995$22,132$21,306$18,652
5 years$19,677$18,737$17,845$16,999$16,196$13,662
6 years$16,233$15,300$14,422$13,594$12,815$10,403
7 years$13,774$12,849$11,985$11,177$10,422$8,132
8 years$11,930$11,014$10,164$9,376$8,646$6,476
9 years$10,497$9,590$8,754$7,986$7,282$5,229
10 years$9,352$8,453$7,632$6,884$6,204$4,267
11 years$8,415$7,525$6,719$5,991$5,336$3,511
12 years$7,635$6,754$5,963$5,255$4,624$2,907
13 years$6,975$6,104$5,328$4,640$4,032$2,420
14 years$6,410$5,548$4,787$4,118$3,535$2,023
15 years$5,921$5,068$4,322$3,673$3,112$1,697
16 years$5,494$4,650$3,918$3,289$2,750$1,428
17 years$5,117$4,283$3,566$2,955$2,439$1,204
18 years$4,782$3,957$3,255$2,663$2,168$1,017
19 years$4,483$3,668$2,980$2,406$1,933$861
20 years$4,214$3,408$2,735$2,179$1,726$730
21 years$3,971$3,174$2,515$1,978$1,545$619
22 years$3,751$2,963$2,318$1,798$1,385$526
23 years$3,550$2,771$2,141$1,638$1,243$447
24 years$3,366$2,597$1,980$1,494$1,117$380
25 years$3,197$2,437$1,834$1,364$1,005$324
26 years$3,041$2,290$1,701$1,247$906$275
27 years$2,897$2,155$1,579$1,142$817$235
28 years$2,764$2,031$1,468$1,046$737$200
29 years$2,640$1,916$1,366$959$665$170
30 years$2,524$1,810$1,272$880$601$145
31 years$2,416$1,711$1,186$809$543$124
32 years$2,315$1,619$1,107$743$492$106
33 years$2,221$1,533$1,033$683$445$90
34 years$2,132$1,453$966$629$403$77
35 years$2,048$1,378$903$579$365$66
36 years$1,969$1,308$844$533$331$56
37 years$1,895$1,242$790$491$300$48
38 years$1,825$1,180$740$453$272$41
39 years$1,758$1,123$693$417$246$35
40 years$1,695$1,068$650$385$223$30
41 years$1,635$1,017$609$355$203$25
42 years$1,579$968$572$328$184$22
43 years$1,525$922$536$303$167$19
44 years$1,473$879$504$279$152$16
45 years$1,424$839$473$258$138$14
46 years$1,378$800$444$238$125$12
47 years$1,333$763$417$220$113$10
48 years$1,290$729$392$203$103$8
49 years$1,250$696$369$188$94$7
50 years$1,211$665$346$174$85$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 52 starting with $1,240,000, adding $2,060 every year, while hoping to spend $43,973 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: 71/24/5 Blend
51$1,240,000$1,240,000$1,240,000$1,240,000
52$1,368,605$1,302,885$1,283,665$1,464,989
53$1,461,416$1,319,939$1,279,881$1,545,903
54$1,562,219$1,336,356$1,274,496$1,628,756
55$1,671,785$1,352,056$1,267,411$1,718,199
56$1,790,958$1,366,958$1,258,520$1,814,869
57$1,920,669$1,380,972$1,247,714$1,919,466
58$2,061,942$1,394,005$1,234,877$2,032,762
59$2,215,904$1,405,955$1,219,890$2,155,607
60$2,383,795$1,416,716$1,202,625$2,288,938
61$2,566,980$1,426,173$1,182,950$2,433,787
62$2,766,961$1,434,204$1,160,728$2,591,292
63$2,985,392$1,440,680$1,135,813$2,762,706
64$3,224,092$1,445,465$1,108,054$2,949,413
65$3,485,068$1,448,410$1,077,291$3,152,936
66$3,770,524$1,449,362$1,043,360$3,374,952
67$4,082,892$1,448,155$1,006,087$3,617,314
68$4,424,846$1,444,613$965,289$3,882,061
69$4,799,332$1,438,551$920,779$4,171,442
70$5,209,595$1,429,772$872,356$4,487,935
71$5,659,208$1,418,065$819,814$4,834,274
72$6,152,106$1,403,209$762,937$5,213,469
73$6,692,623$1,384,968$701,497$5,628,841
74$7,285,532$1,363,093$635,259$6,084,050
75$7,936,091$1,337,319$563,975$6,583,131
76$8,650,091$1,307,367$487,387$7,130,531
77$9,433,912$1,272,939$405,226$7,731,153
78$10,294,580$1,233,722$317,210$8,390,401
79$11,239,836$1,189,384$223,046$9,114,235
80$12,278,207$1,139,571$122,426$9,909,220
81$13,419,088$1,083,913$15,030$10,782,598
82$14,672,825$1,022,016$0$11,742,348
83$16,050,822$953,463$0$12,802,583
84$17,565,637$877,814$0$13,968,886
85$19,231,108$794,603$0$15,251,167
86$21,062,482$703,339$0$16,661,230
87$23,076,554$603,502$0$18,212,086
88$25,291,831$494,542$0$19,918,076
89$27,728,703$375,880$0$21,795,008
90$30,409,635$246,902$0$23,860,305
91$33,359,379$106,961$0$26,133,170
92$36,605,207$0$0$28,634,771
93$40,177,169$0$0$31,400,223
94$44,108,377$0$0$34,474,970
95$48,435,311$0$0$37,859,306
96$53,198,170$0$0$41,584,683
97$58,441,249$0$0$45,685,755
98$64,213,352$0$0$50,200,710
99$70,568,260$0$0$55,171,622
100$77,565,231$0$0$60,644,856