Can I retire at age 52 with 983,000?

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 $983,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$81,175$80,452$79,747$79,058$78,386$75,605
2 years$40,186$39,437$38,712$38,009$37,327$34,554
3 years$26,524$25,773$25,049$24,353$23,682$21,005
4 years$19,695$18,946$18,229$17,545$16,890$14,330
5 years$15,599$14,854$14,147$13,476$12,839$10,403
6 years$12,868$12,129$11,433$10,777$10,159$7,847
7 years$10,919$10,186$9,501$8,860$8,262$6,075
8 years$9,458$8,731$8,057$7,433$6,854$4,790
9 years$8,322$7,602$6,940$6,331$5,772$3,828
10 years$7,413$6,701$6,050$5,457$4,918$3,090
11 years$6,671$5,965$5,327$4,750$4,230$2,515
12 years$6,052$5,354$4,727$4,166$3,666$2,059
13 years$5,530$4,839$4,223$3,678$3,196$1,694
14 years$5,082$4,398$3,795$3,265$2,802$1,400
15 years$4,694$4,018$3,426$2,912$2,467$1,160
16 years$4,355$3,686$3,106$2,607$2,180$964
17 years$4,056$3,395$2,827$2,342$1,933$803
18 years$3,791$3,137$2,580$2,111$1,719$670
19 years$3,554$2,907$2,362$1,907$1,532$560
20 years$3,341$2,702$2,168$1,728$1,369$468
21 years$3,148$2,517$1,994$1,568$1,225$392
22 years$2,974$2,349$1,838$1,426$1,098$329
23 years$2,814$2,197$1,697$1,298$985$276
24 years$2,668$2,059$1,569$1,184$886$231
25 years$2,534$1,932$1,454$1,081$797$194
26 years$2,411$1,816$1,348$989$718$163
27 years$2,297$1,709$1,252$905$647$137
28 years$2,191$1,610$1,164$829$584$115
29 years$2,093$1,519$1,083$760$527$97
30 years$2,001$1,434$1,009$698$477$81
31 years$1,915$1,356$940$641$431$68
32 years$1,835$1,283$877$589$390$58
33 years$1,760$1,215$819$542$353$48
34 years$1,690$1,152$765$498$319$41
35 years$1,624$1,092$716$459$289$34
36 years$1,561$1,037$669$423$262$29
37 years$1,502$985$627$389$238$24
38 years$1,447$936$587$359$215$20
39 years$1,394$890$550$331$195$17
40 years$1,344$847$515$305$177$14
41 years$1,297$806$483$282$161$12
42 years$1,252$768$453$260$146$10
43 years$1,209$731$425$240$132$9
44 years$1,168$697$399$221$120$7
45 years$1,129$665$375$205$109$6
46 years$1,092$634$352$189$99$5
47 years$1,057$605$331$175$90$4
48 years$1,023$578$311$161$82$4
49 years$991$552$292$149$74$3
50 years$960$527$275$138$67$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 52 starting with $983,000, adding $5,675 every year, while hoping to spend $47,592 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: 45/32/23 Blend
51$983,000$983,000$983,000$983,000
52$1,089,120$1,037,021$1,021,784$1,130,679
53$1,149,572$1,037,197$1,005,377$1,160,731
54$1,214,596$1,035,787$986,824$1,188,203
55$1,284,607$1,032,663$966,005$1,217,038
56$1,360,062$1,027,688$942,791$1,247,386
57$1,441,463$1,020,719$917,049$1,279,415
58$1,529,360$1,011,603$888,638$1,313,315
59$1,624,361$1,000,178$857,414$1,349,298
60$1,727,130$986,271$823,221$1,387,598
61$1,838,400$969,701$785,902$1,428,481
62$1,958,976$950,275$745,288$1,472,241
63$2,089,741$927,788$701,205$1,519,207
64$2,231,670$902,024$653,470$1,569,745
65$2,385,831$872,755$601,893$1,624,263
66$2,553,403$839,737$546,273$1,683,218
67$2,735,679$802,714$486,403$1,747,115
68$2,934,086$761,414$422,065$1,816,518
69$3,150,190$715,551$353,032$1,892,055
70$3,385,717$664,820$279,066$1,974,423
71$3,642,565$608,901$199,919$2,064,397
72$3,922,824$547,455$115,334$2,162,838
73$4,228,795$480,122$25,040$2,270,702
74$4,563,008$406,524$0$2,389,051
75$4,928,251$326,261$0$2,536,566
76$5,327,594$238,908$0$2,704,746
77$5,764,414$144,020$0$2,888,965
78$6,242,432$41,125$0$3,090,909
79$6,765,744$0$0$3,312,441
80$7,338,862$0$0$3,580,368
81$7,966,753$0$0$3,889,881
82$8,654,887$0$0$4,229,211
83$9,409,291$0$0$4,601,343
84$10,236,598$0$0$5,009,566
85$11,144,120$0$0$5,457,503
86$12,139,905$0$0$5,949,144
87$13,232,822$0$0$6,488,883
88$14,432,637$0$0$7,081,564
89$15,750,111$0$0$7,732,518
90$17,197,095$0$0$8,447,622
91$18,786,647$0$0$9,233,347
92$20,533,149$0$0$10,096,825
93$22,452,448$0$0$11,045,910
94$24,562,001$0$0$12,089,257
95$26,881,039$0$0$13,236,400
96$29,430,751$0$0$14,497,844
97$32,234,481$0$0$15,885,163
98$35,317,947$0$0$17,411,107
99$38,709,487$0$0$19,089,725
100$42,440,321$0$0$20,936,497