Can I retire at age 52 with 973,000?

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 $973,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$80,349$79,634$78,935$78,254$77,588$75,195
2 years$39,777$39,036$38,318$37,622$36,947$34,557
3 years$26,255$25,511$24,794$24,105$23,441$21,128
4 years$19,495$18,753$18,044$17,366$16,718$14,501
5 years$15,440$14,703$14,003$13,339$12,709$10,594
6 years$12,737$12,006$11,316$10,667$10,056$8,045
7 years$10,808$10,082$9,404$8,770$8,178$6,270
8 years$9,361$8,642$7,975$7,357$6,785$4,979
9 years$8,237$7,525$6,869$6,267$5,714$4,008
10 years$7,338$6,633$5,989$5,402$4,868$3,260
11 years$6,603$5,905$5,272$4,701$4,187$2,674
12 years$5,991$5,300$4,679$4,124$3,628$2,207
13 years$5,473$4,789$4,180$3,641$3,164$1,831
14 years$5,030$4,353$3,756$3,232$2,773$1,525
15 years$4,646$3,977$3,391$2,882$2,442$1,275
16 years$4,311$3,649$3,075$2,581$2,158$1,069
17 years$4,015$3,360$2,798$2,319$1,914$898
18 years$3,752$3,105$2,554$2,090$1,702$756
19 years$3,518$2,878$2,338$1,888$1,517$637
20 years$3,307$2,674$2,146$1,710$1,355$538
21 years$3,116$2,491$1,974$1,552$1,212$455
22 years$2,943$2,325$1,819$1,411$1,087$385
23 years$2,786$2,175$1,680$1,285$975$326
24 years$2,641$2,038$1,553$1,172$877$276
25 years$2,509$1,912$1,439$1,070$789$234
26 years$2,386$1,797$1,334$979$711$198
27 years$2,273$1,691$1,239$896$641$168
28 years$2,169$1,594$1,152$821$578$143
29 years$2,071$1,503$1,072$753$522$121
30 years$1,981$1,420$998$691$472$103
31 years$1,896$1,342$931$634$426$87
32 years$1,817$1,270$868$583$386$74
33 years$1,743$1,203$811$536$349$63
34 years$1,673$1,140$758$493$316$54
35 years$1,607$1,081$708$454$286$46
36 years$1,545$1,026$663$418$259$39
37 years$1,487$975$620$385$235$33
38 years$1,432$926$581$355$213$28
39 years$1,380$881$544$328$193$24
40 years$1,330$838$510$302$175$20
41 years$1,283$798$478$279$159$17
42 years$1,239$760$449$257$144$15
43 years$1,196$724$421$237$131$12
44 years$1,156$690$395$219$119$11
45 years$1,118$658$371$202$108$9
46 years$1,081$628$348$187$98$8
47 years$1,046$599$327$173$89$6
48 years$1,013$572$308$160$81$6
49 years$981$546$289$148$73$5
50 years$950$522$272$136$67$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 52 starting with $973,000, adding $2,023 every year, while hoping to spend $35,965 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: 66/11/23 Blend
51$973,000$973,000$973,000$973,000
52$1,074,333$1,022,764$1,007,682$1,138,764
53$1,145,648$1,034,613$1,003,173$1,194,173
54$1,223,032$1,045,837$997,308$1,250,454
55$1,307,066$1,056,368$990,002$1,311,152
56$1,398,389$1,066,132$981,169$1,376,704
57$1,497,705$1,075,052$970,718$1,447,589
58$1,605,785$1,083,044$958,552$1,524,338
59$1,723,482$1,090,020$944,570$1,607,536
60$1,851,733$1,095,886$928,668$1,697,829
61$1,991,567$1,100,542$910,736$1,795,928
62$2,144,119$1,103,881$890,659$1,902,620
63$2,310,639$1,105,791$868,315$2,018,770
64$2,492,499$1,106,150$843,579$2,145,335
65$2,691,214$1,104,831$816,319$2,283,368
66$2,908,449$1,101,699$786,397$2,434,034
67$3,146,038$1,096,610$753,668$2,598,616
68$3,406,001$1,089,410$717,983$2,778,527
69$3,690,560$1,079,938$679,182$2,975,331
70$4,002,164$1,068,022$637,102$3,190,749
71$4,343,510$1,053,480$591,569$3,426,679
72$4,717,566$1,036,119$542,405$3,685,217
73$5,127,603$1,015,734$489,421$3,968,673
74$5,577,222$992,109$432,421$4,279,596
75$6,070,391$965,014$371,199$4,620,794
76$6,611,478$934,207$305,541$4,995,367
77$7,205,296$899,431$235,224$5,406,733
78$7,857,146$860,413$160,014$5,858,661
79$8,572,868$816,866$79,667$6,355,306
80$9,358,893$768,485$0$6,901,252
81$10,222,308$714,948$0$7,503,043
82$11,170,919$655,916$0$8,185,724
83$12,213,325$591,029$0$8,935,933
84$13,359,000$519,905$0$9,760,518
85$14,618,382$442,144$0$10,667,022
86$16,002,968$357,320$0$11,663,760
87$17,525,428$264,986$0$12,759,893
88$19,199,718$164,667$0$13,965,518
89$21,041,217$55,863$0$15,291,761
90$23,066,868$0$0$16,750,884
91$25,295,337$0$0$18,363,897
92$27,747,194$0$0$20,146,113
93$30,445,099$0$0$22,107,251
94$33,414,023$0$0$24,265,473
95$36,681,478$0$0$26,640,786
96$40,277,779$0$0$29,255,238
97$44,236,328$0$0$32,133,123
98$48,593,932$0$0$35,301,209
99$53,391,144$0$0$38,788,990
100$58,672,652$0$0$42,628,968