Can I retire at age 52 with 988,000?

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 $988,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$81,588$80,861$80,152$79,460$78,785$77,736
2 years$40,390$39,638$38,909$38,202$37,516$36,461
3 years$26,659$25,904$25,177$24,476$23,802$22,773
4 years$19,795$19,042$18,322$17,634$16,976$15,982
5 years$15,678$14,929$14,219$13,545$12,905$11,948
6 years$12,934$12,191$11,491$10,832$10,211$9,293
7 years$10,975$10,238$9,549$8,905$8,304$7,425
8 years$9,506$8,776$8,098$7,470$6,889$6,049
9 years$8,364$7,641$6,975$6,363$5,802$5,000
10 years$7,451$6,735$6,081$5,485$4,943$4,179
11 years$6,705$5,996$5,354$4,774$4,251$3,525
12 years$6,083$5,382$4,751$4,187$3,684$2,994
13 years$5,558$4,863$4,245$3,697$3,213$2,558
14 years$5,108$4,421$3,814$3,281$2,816$2,196
15 years$4,718$4,038$3,444$2,926$2,480$1,892
16 years$4,377$3,705$3,122$2,620$2,192$1,637
17 years$4,077$3,412$2,841$2,354$1,943$1,419
18 years$3,810$3,153$2,593$2,122$1,728$1,234
19 years$3,572$2,922$2,374$1,917$1,540$1,075
20 years$3,358$2,715$2,179$1,736$1,376$938
21 years$3,164$2,529$2,004$1,576$1,231$820
22 years$2,989$2,361$1,847$1,433$1,103$718
23 years$2,829$2,208$1,706$1,305$990$629
24 years$2,682$2,069$1,577$1,190$890$552
25 years$2,547$1,942$1,461$1,087$801$484
26 years$2,423$1,825$1,355$994$722$425
27 years$2,308$1,717$1,258$910$651$374
28 years$2,202$1,618$1,170$833$587$329
29 years$2,103$1,527$1,088$764$530$290
30 years$2,011$1,442$1,014$701$479$255
31 years$1,925$1,363$945$644$433$225
32 years$1,845$1,290$882$592$392$198
33 years$1,769$1,221$823$544$354$174
34 years$1,699$1,158$769$501$321$154
35 years$1,632$1,098$719$461$291$136
36 years$1,569$1,042$673$425$263$120
37 years$1,510$990$630$391$239$106
38 years$1,454$941$590$361$216$93
39 years$1,401$894$553$333$196$82
40 years$1,351$851$518$307$178$73
41 years$1,303$810$486$283$161$64
42 years$1,258$771$456$261$147$56
43 years$1,215$735$427$241$133$50
44 years$1,174$701$401$223$121$44
45 years$1,135$668$377$206$110$39
46 years$1,098$637$354$190$100$34
47 years$1,062$608$332$175$90$30
48 years$1,028$581$312$162$82$27
49 years$996$554$294$150$75$24
50 years$965$530$276$138$68$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 52 starting with $988,000, adding $4,344 every year, while hoping to spend $39,639 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: 67/22/11 Blend
51$988,000$988,000$988,000$988,000
52$1,093,257$1,040,893$1,025,579$1,163,634
53$1,162,593$1,049,721$1,017,760$1,219,840
54$1,237,674$1,057,653$1,008,351$1,276,146
55$1,319,042$1,064,604$997,256$1,336,680
56$1,407,296$1,070,481$984,376$1,401,851
57$1,503,094$1,075,189$969,607$1,472,110
58$1,607,160$1,078,623$952,838$1,547,957
59$1,720,289$1,080,674$933,957$1,629,939
60$1,843,356$1,081,225$912,843$1,718,665
61$1,977,326$1,080,153$889,371$1,814,801
62$2,123,259$1,077,325$863,410$1,919,085
63$2,282,320$1,072,603$834,822$2,032,332
64$2,455,793$1,065,837$803,466$2,155,439
65$2,645,093$1,056,872$769,191$2,289,395
66$2,851,773$1,045,539$731,839$2,435,293
67$3,077,546$1,031,663$691,248$2,594,339
68$3,324,298$1,015,057$647,247$2,767,860
69$3,594,102$995,521$599,656$2,957,324
70$3,889,245$972,845$548,289$3,164,347
71$4,212,241$946,808$492,949$3,390,715
72$4,565,861$917,173$433,435$3,638,394
73$4,953,156$883,691$369,531$3,909,555
74$5,377,484$846,098$301,017$4,206,593
75$5,842,545$804,115$227,659$4,532,149
76$6,352,415$757,446$149,215$4,889,136
77$6,911,579$705,780$65,433$5,280,766
78$7,524,982$648,785$0$5,710,582
79$8,198,068$586,112$0$6,185,307
80$8,936,832$517,393$0$6,714,816
81$9,747,881$442,238$0$7,296,206
82$10,638,491$360,233$0$7,934,757
83$11,616,678$270,945$0$8,636,284
84$12,691,271$173,914$0$9,407,202
85$13,871,998$68,653$0$10,254,581
86$15,169,575$0$0$11,186,213
87$16,595,807$0$0$12,221,671
88$18,163,702$0$0$13,378,312
89$19,887,588$0$0$14,650,097
90$21,783,254$0$0$16,048,681
91$23,868,091$0$0$17,586,905
92$26,161,265$0$0$19,278,918
93$28,683,890$0$0$21,140,307
94$31,459,229$0$0$23,188,249
95$34,512,914$0$0$25,441,667
96$37,873,188$0$0$27,921,413
97$41,571,168$0$0$30,650,460
98$45,641,142$0$0$33,654,124
99$50,120,890$0$0$36,960,297
100$55,052,038$0$0$40,599,714