Can I retire at age 52 with 2,920,000?

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 $2,920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$241,131$238,983$236,887$234,842$232,845$226,207
2 years$119,372$117,149$114,994$112,905$110,879$104,243
3 years$78,791$76,558$74,409$72,339$70,346$63,920
4 years$58,504$56,278$54,150$52,116$50,171$44,005
5 years$46,335$44,123$42,023$40,030$38,139$32,249
6 years$38,225$36,030$33,961$32,013$30,178$24,569
7 years$32,435$30,258$28,222$26,319$24,543$19,216
8 years$28,094$25,936$23,934$22,079$20,361$15,312
9 years$24,720$22,582$20,614$18,806$17,147$12,371
10 years$22,022$19,905$17,972$16,211$14,610$10,102
11 years$19,816$17,720$15,822$14,108$12,565$8,316
12 years$17,979$15,905$14,042$12,375$10,889$6,892
13 years$16,425$14,373$12,546$10,925$9,495$5,741
14 years$15,095$13,065$11,272$9,698$8,323$4,802
15 years$13,944$11,935$10,177$8,649$7,329$4,031
16 years$12,937$10,950$9,227$7,744$6,477$3,394
17 years$12,049$10,085$8,396$6,958$5,743$2,864
18 years$11,261$9,319$7,665$6,271$5,106$2,422
19 years$10,557$8,637$7,017$5,666$4,551$2,051
20 years$9,924$8,025$6,440$5,132$4,065$1,740
21 years$9,352$7,475$5,923$4,657$3,638$1,477
22 years$8,833$6,978$5,459$4,235$3,261$1,256
23 years$8,360$6,526$5,041$3,857$2,927$1,068
24 years$7,926$6,115$4,662$3,517$2,631$909
25 years$7,528$5,738$4,318$3,212$2,368$774
26 years$7,161$5,393$4,004$2,937$2,133$660
27 years$6,822$5,076$3,718$2,688$1,923$563
28 years$6,508$4,783$3,457$2,463$1,735$480
29 years$6,216$4,512$3,217$2,259$1,567$409
30 years$5,944$4,261$2,996$2,073$1,416$349
31 years$5,690$4,028$2,793$1,904$1,280$298
32 years$5,452$3,811$2,606$1,750$1,158$255
33 years$5,229$3,609$2,434$1,609$1,048$217
34 years$5,020$3,421$2,274$1,480$949$186
35 years$4,823$3,245$2,126$1,363$859$159
36 years$4,638$3,080$1,989$1,255$778$135
37 years$4,463$2,925$1,861$1,156$706$116
38 years$4,297$2,780$1,743$1,066$640$99
39 years$4,140$2,643$1,633$983$580$84
40 years$3,992$2,515$1,531$907$526$72
41 years$3,851$2,394$1,435$836$477$62
42 years$3,718$2,280$1,346$772$433$53
43 years$3,590$2,172$1,263$713$393$45
44 years$3,469$2,071$1,186$658$357$38
45 years$3,354$1,975$1,113$608$324$33
46 years$3,244$1,884$1,046$561$294$28
47 years$3,139$1,798$983$519$267$24
48 years$3,039$1,716$923$479$243$21
49 years$2,943$1,639$868$443$220$18
50 years$2,851$1,565$816$409$200$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 52 starting with $2,920,000, adding $6,281 every year, while hoping to spend $51,678 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: 59/28/13 Blend
51$2,920,000$2,920,000$2,920,000$2,920,000
52$3,224,319$3,069,559$3,024,299$3,403,801
53$3,498,214$3,164,982$3,070,628$3,620,945
54$3,798,315$3,263,349$3,116,777$3,851,293
55$4,127,240$3,364,750$3,162,685$4,101,244
56$4,487,872$3,469,276$3,208,289$4,372,692
57$4,883,387$3,577,023$3,253,519$4,667,722
58$5,317,285$3,688,089$3,298,304$4,988,626
59$5,793,417$3,802,575$3,342,566$5,337,929
60$6,316,028$3,920,584$3,386,225$5,718,412
61$6,889,794$4,042,224$3,429,195$6,133,132
62$7,519,865$4,167,604$3,471,384$6,585,460
63$8,211,912$4,296,838$3,512,697$7,079,104
64$8,972,187$4,430,043$3,553,032$7,618,149
65$9,807,574$4,567,338$3,592,282$8,207,091
66$10,725,657$4,708,849$3,630,334$8,850,884
67$11,734,792$4,854,701$3,667,069$9,554,981
68$12,844,186$5,005,026$3,702,360$10,325,391
69$14,063,979$5,159,958$3,736,076$11,168,729
70$15,405,347$5,319,638$3,768,076$12,092,283
71$16,880,600$5,484,208$3,798,214$13,104,079
72$18,503,301$5,653,814$3,826,335$14,212,959
73$20,288,396$5,828,609$3,852,275$15,428,662
74$22,252,350$6,008,749$3,875,864$16,761,917
75$24,413,305$6,194,393$3,896,921$18,224,544
76$26,791,251$6,385,707$3,915,256$19,829,561
77$29,408,213$6,582,861$3,930,671$21,591,313
78$32,288,459$6,786,029$3,942,957$23,525,601
79$35,458,729$6,995,391$3,951,893$25,649,836
80$38,948,487$7,211,134$3,957,249$27,983,198
81$42,790,199$7,433,446$3,958,784$30,546,820
82$47,019,638$7,662,523$3,956,242$33,363,982
83$51,676,222$7,898,568$3,949,357$36,460,340
84$56,803,387$8,141,788$3,937,850$39,864,155
85$62,448,992$8,392,395$3,921,428$43,606,571
86$68,665,775$8,650,609$3,899,782$47,721,900
87$75,511,852$8,916,656$3,872,592$52,247,949
88$83,051,256$9,190,767$3,839,519$57,226,376
89$91,354,550$9,473,181$3,800,210$62,703,083
90$100,499,491$9,764,144$3,754,294$68,728,647
91$110,571,760$10,063,907$3,701,383$75,358,800
92$121,665,771$10,372,731$3,641,071$82,654,949
93$133,885,566$10,690,881$3,572,933$90,684,762
94$147,345,792$11,018,632$3,496,524$99,522,801
95$162,172,783$11,356,265$3,411,378$109,251,228
96$178,505,756$11,704,071$3,317,008$119,960,577
97$196,498,119$12,062,347$3,212,904$131,750,612
98$216,318,924$12,431,398$3,098,533$144,731,264
99$238,154,457$12,811,540$2,973,338$159,023,674
100$262,210,002$13,203,096$2,836,734$174,761,327