Can I retire at age 52 with 2,420,000?

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 $2,420,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$199,841$198,061$196,325$194,629$192,974$188,080
2 years$98,931$97,089$95,303$93,572$91,892$86,994
3 years$65,299$63,449$61,667$59,952$58,300$53,550
4 years$48,486$46,641$44,878$43,192$41,580$37,015
5 years$38,401$36,567$34,827$33,176$31,609$27,241
6 years$31,680$29,860$28,146$26,531$25,011$20,845
7 years$26,881$25,076$23,389$21,813$20,341$16,377
8 years$23,283$21,495$19,836$18,298$16,874$13,111
9 years$20,487$18,715$17,085$15,586$14,211$10,645
10 years$18,251$16,497$14,895$13,435$12,108$8,735
11 years$16,423$14,686$13,113$11,693$10,413$7,228
12 years$14,900$13,181$11,638$10,256$9,024$6,022
13 years$13,613$11,912$10,397$9,055$7,869$5,043
14 years$12,510$10,828$9,342$8,038$6,898$4,242
15 years$11,556$9,891$8,435$7,168$6,074$3,581
16 years$10,722$9,075$7,647$6,418$5,368$3,032
17 years$9,986$8,358$6,959$5,767$4,760$2,574
18 years$9,333$7,723$6,352$5,197$4,232$2,189
19 years$8,749$7,158$5,815$4,696$3,772$1,865
20 years$8,225$6,651$5,337$4,253$3,369$1,592
21 years$7,751$6,195$4,909$3,860$3,015$1,360
22 years$7,320$5,783$4,524$3,510$2,703$1,163
23 years$6,928$5,409$4,177$3,196$2,426$996
24 years$6,569$5,068$3,863$2,915$2,181$853
25 years$6,239$4,756$3,578$2,662$1,962$731
26 years$5,935$4,470$3,319$2,434$1,767$627
27 years$5,654$4,207$3,082$2,228$1,594$538
28 years$5,394$3,964$2,865$2,041$1,438$462
29 years$5,152$3,739$2,666$1,872$1,298$397
30 years$4,926$3,531$2,483$1,718$1,173$341
31 years$4,716$3,338$2,315$1,578$1,061$293
32 years$4,519$3,159$2,160$1,450$959$252
33 years$4,334$2,991$2,017$1,334$868$216
34 years$4,160$2,835$1,884$1,227$786$186
35 years$3,997$2,689$1,762$1,129$712$160
36 years$3,844$2,552$1,648$1,040$645$138
37 years$3,698$2,424$1,543$958$585$118
38 years$3,561$2,304$1,445$883$530$102
39 years$3,432$2,191$1,353$815$481$88
40 years$3,309$2,084$1,269$751$436$75
41 years$3,192$1,984$1,190$693$396$65
42 years$3,081$1,890$1,116$640$359$56
43 years$2,976$1,800$1,047$591$326$48
44 years$2,875$1,716$983$545$296$41
45 years$2,780$1,636$923$504$268$35
46 years$2,689$1,561$867$465$244$31
47 years$2,602$1,490$814$430$221$26
48 years$2,518$1,422$765$397$201$23
49 years$2,439$1,358$719$367$183$19
50 years$2,363$1,297$676$339$166$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 52 starting with $2,420,000, adding $6,230 every year, while hoping to spend $24,953 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: 60/27/13 Blend
51$2,420,000$2,420,000$2,420,000$2,420,000
52$2,673,266$2,545,006$2,507,496$2,824,774
53$2,919,390$2,643,162$2,564,948$3,025,628
54$3,189,781$2,745,291$2,623,487$3,241,268
55$3,486,890$2,851,561$2,683,125$3,475,896
56$3,813,414$2,962,149$2,743,871$3,731,347
57$4,172,326$3,077,238$2,805,735$4,009,641
58$4,566,900$3,197,019$2,868,723$4,312,996
59$5,000,744$3,321,693$2,932,846$4,643,857
60$5,477,833$3,451,469$2,998,109$5,004,912
61$6,002,545$3,586,565$3,064,519$5,399,120
62$6,579,707$3,727,208$3,132,082$5,829,735
63$7,214,633$3,873,637$3,200,803$6,300,342
64$7,913,181$4,026,102$3,270,686$6,814,884
65$8,681,806$4,184,860$3,341,734$7,377,701
66$9,527,616$4,350,184$3,413,948$7,993,574
67$10,458,447$4,522,358$3,487,330$8,667,762
68$11,482,932$4,701,677$3,561,878$9,406,058
69$12,610,583$4,888,451$3,637,593$10,214,838
70$13,851,880$5,083,003$3,714,471$11,101,124
71$15,218,373$5,285,671$3,792,506$12,072,647
72$16,722,787$5,496,808$3,871,695$13,137,920
73$18,379,143$5,716,784$3,952,029$14,306,318
74$20,202,893$5,945,983$4,033,499$15,588,166
75$22,211,060$6,184,809$4,116,094$16,994,833
76$24,422,407$6,433,683$4,199,801$18,538,840
77$26,857,604$6,693,045$4,284,606$20,233,980
78$29,539,430$6,963,355$4,370,491$22,095,442
79$32,492,987$7,245,095$4,457,437$24,139,955
80$35,745,934$7,538,766$4,545,423$26,385,949
81$39,328,749$7,844,895$4,634,425$28,853,721
82$43,275,018$8,164,032$4,724,415$31,565,631
83$47,621,751$8,496,751$4,815,364$34,546,308
84$52,409,730$8,843,652$4,907,239$37,822,883
85$57,683,895$9,205,364$5,000,004$41,425,245
86$63,493,769$9,582,543$5,093,621$45,386,318
87$69,893,923$9,975,877$5,188,047$49,742,374
88$76,944,492$10,386,084$5,283,235$54,533,371
89$84,711,743$10,813,915$5,379,136$59,803,332
90$93,268,699$11,260,155$5,475,695$65,600,754
91$102,695,830$11,725,626$5,572,855$71,979,070
92$113,081,810$12,211,188$5,670,551$78,997,146
93$124,524,357$12,717,738$5,768,717$86,719,838
94$137,131,153$13,246,218$5,867,280$95,218,603
95$151,020,858$13,797,611$5,966,163$104,572,168
96$166,324,238$14,372,946$6,065,281$114,867,274
97$183,185,388$14,973,298$6,164,545$126,199,491
98$201,763,102$15,599,794$6,263,862$138,674,119
99$222,232,366$16,253,612$6,363,129$152,407,181
100$244,786,012$16,935,984$6,462,239$167,526,510