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

Use the below retirement simulation to view the chances of a successful retirement.
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%13.7%
1 years$199,841$198,061$196,325$194,629$192,974$190,012
2 years$98,931$97,089$95,303$93,572$91,892$88,915
3 years$65,299$63,449$61,667$59,952$58,300$55,401
4 years$48,486$46,641$44,878$43,192$41,580$38,781
5 years$38,401$36,567$34,827$33,176$31,609$28,917
6 years$31,680$29,860$28,146$26,531$25,011$22,431
7 years$26,881$25,076$23,389$21,813$20,341$17,872
8 years$23,283$21,495$19,836$18,298$16,874$14,518
9 years$20,487$18,715$17,085$15,586$14,211$11,965
10 years$18,251$16,497$14,895$13,435$12,108$9,971
11 years$16,423$14,686$13,113$11,693$10,413$8,382
12 years$14,900$13,181$11,638$10,256$9,024$7,097
13 years$13,613$11,912$10,397$9,055$7,869$6,043
14 years$12,510$10,828$9,342$8,038$6,898$5,171
15 years$11,556$9,891$8,435$7,168$6,074$4,441
16 years$10,722$9,075$7,647$6,418$5,368$3,827
17 years$9,986$8,358$6,959$5,767$4,760$3,308
18 years$9,333$7,723$6,352$5,197$4,232$2,865
19 years$8,749$7,158$5,815$4,696$3,772$2,487
20 years$8,225$6,651$5,337$4,253$3,369$2,162
21 years$7,751$6,195$4,909$3,860$3,015$1,883
22 years$7,320$5,783$4,524$3,510$2,703$1,642
23 years$6,928$5,409$4,177$3,196$2,426$1,433
24 years$6,569$5,068$3,863$2,915$2,181$1,252
25 years$6,239$4,756$3,578$2,662$1,962$1,095
26 years$5,935$4,470$3,319$2,434$1,767$958
27 years$5,654$4,207$3,082$2,228$1,594$839
28 years$5,394$3,964$2,865$2,041$1,438$735
29 years$5,152$3,739$2,666$1,872$1,298$644
30 years$4,926$3,531$2,483$1,718$1,173$565
31 years$4,716$3,338$2,315$1,578$1,061$496
32 years$4,519$3,159$2,160$1,450$959$435
33 years$4,334$2,991$2,017$1,334$868$382
34 years$4,160$2,835$1,884$1,227$786$335
35 years$3,997$2,689$1,762$1,129$712$294
36 years$3,844$2,552$1,648$1,040$645$258
37 years$3,698$2,424$1,543$958$585$227
38 years$3,561$2,304$1,445$883$530$199
39 years$3,432$2,191$1,353$815$481$175
40 years$3,309$2,084$1,269$751$436$154
41 years$3,192$1,984$1,190$693$396$135
42 years$3,081$1,890$1,116$640$359$119
43 years$2,976$1,800$1,047$591$326$105
44 years$2,875$1,716$983$545$296$92
45 years$2,780$1,636$923$504$268$81
46 years$2,689$1,561$867$465$244$71
47 years$2,602$1,490$814$430$221$62
48 years$2,518$1,422$765$397$201$55
49 years$2,439$1,358$719$367$183$48
50 years$2,363$1,297$676$339$166$42

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 $2,358 every year, while hoping to spend $29,923 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: 65/15/20 Blend
51$2,420,000$2,420,000$2,420,000$2,420,000
52$2,669,272$2,541,012$2,503,502$2,829,107
53$2,909,700$2,633,684$2,555,532$3,029,415
54$3,173,649$2,729,894$2,608,301$3,244,608
55$3,463,486$2,829,783$2,661,804$3,479,078
56$3,781,819$2,933,501$2,716,032$3,734,715
57$4,131,522$3,041,199$2,770,977$4,013,599
58$4,515,759$3,153,040$2,826,626$4,318,020
59$4,938,017$3,269,189$2,882,968$4,650,499
60$5,402,137$3,389,822$2,939,990$5,013,814
61$5,912,351$3,515,120$2,997,677$5,411,020
62$6,473,322$3,645,272$3,056,010$5,845,483
63$7,090,187$3,780,475$3,114,972$6,320,911
64$7,768,603$3,920,936$3,174,541$6,841,386
65$8,514,808$4,066,870$3,234,695$7,411,402
66$9,335,671$4,218,498$3,295,410$8,035,911
67$10,238,760$4,376,056$3,356,657$8,720,367
68$11,232,417$4,539,786$3,418,408$9,470,774
69$12,325,829$4,709,941$3,480,631$10,293,749
70$13,529,123$4,886,787$3,543,291$11,196,579
71$14,853,453$5,070,599$3,606,351$12,187,291
72$16,311,112$5,261,666$3,669,771$13,274,726
73$17,915,645$5,460,286$3,733,507$14,468,625
74$19,681,975$5,666,775$3,797,514$15,779,718
75$21,626,547$5,881,457$3,861,741$17,219,826
76$23,767,481$6,104,675$3,926,136$18,801,971
77$26,124,744$6,336,784$3,990,642$20,540,498
78$28,720,337$6,578,156$4,055,197$22,451,214
79$31,578,503$6,829,176$4,119,737$24,551,532
80$34,725,955$7,090,251$4,184,193$26,860,635
81$38,192,130$7,361,801$4,248,491$29,399,662
82$42,009,465$7,644,267$4,312,554$32,191,899
83$46,213,703$7,938,109$4,376,297$35,263,004
84$50,844,231$8,243,806$4,439,633$38,641,248
85$55,944,449$8,561,859$4,502,467$42,357,779
86$61,562,184$8,892,791$4,564,701$46,446,916
87$67,750,137$9,237,149$4,626,229$50,946,473
88$74,566,382$9,595,500$4,686,939$55,898,116
89$82,074,915$9,968,442$4,746,713$61,347,755
90$90,346,256$10,356,594$4,805,427$67,345,974
91$99,458,113$10,760,607$4,862,949$73,948,513
92$109,496,122$11,181,157$4,919,138$81,216,788
93$120,554,645$11,618,953$4,973,848$89,218,474
94$132,737,670$12,074,733$5,026,923$98,028,141
95$146,159,787$12,549,269$5,078,199$107,727,958
96$160,947,270$13,043,369$5,127,504$118,408,466
97$177,239,271$13,557,873$5,174,655$130,169,436
98$195,189,131$14,093,663$5,219,460$143,120,803
99$214,965,827$14,651,657$5,261,716$157,383,711
100$236,755,569$15,232,816$5,301,212$173,091,648