Can I retire at age 52 with 2,940,000?

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 $2,940,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$242,782$240,620$238,510$236,451$234,440$226,844
2 years$120,189$117,951$115,782$113,678$111,638$104,057
3 years$79,330$77,082$74,918$72,835$70,828$63,499
4 years$58,905$56,664$54,521$52,473$50,515$43,495
5 years$46,653$44,425$42,311$40,305$38,401$31,708
6 years$38,487$36,276$34,193$32,232$30,385$24,025
7 years$32,657$30,465$28,415$26,500$24,711$18,683
8 years$28,287$26,114$24,098$22,230$20,500$14,800
9 years$24,889$22,737$20,756$18,935$17,264$11,885
10 years$22,172$20,041$18,095$16,322$14,710$9,644
11 years$19,951$17,842$15,931$14,205$12,651$7,889
12 years$18,102$16,014$14,138$12,460$10,963$6,494
13 years$16,538$14,472$12,632$11,000$9,560$5,373
14 years$15,199$13,154$11,349$9,765$8,380$4,464
15 years$14,039$12,017$10,247$8,708$7,379$3,721
16 years$13,025$11,025$9,290$7,797$6,521$3,110
17 years$12,132$10,154$8,454$7,006$5,782$2,605
18 years$11,338$9,383$7,717$6,314$5,141$2,187
19 years$10,629$8,696$7,065$5,705$4,583$1,838
20 years$9,992$8,080$6,484$5,167$4,093$1,547
21 years$9,416$7,527$5,964$4,689$3,663$1,304
22 years$8,893$7,026$5,497$4,264$3,283$1,099
23 years$8,417$6,571$5,075$3,883$2,947$928
24 years$7,981$6,157$4,694$3,542$2,649$784
25 years$7,580$5,778$4,347$3,234$2,384$662
26 years$7,210$5,430$4,032$2,957$2,147$560
27 years$6,869$5,110$3,744$2,707$1,936$473
28 years$6,553$4,816$3,480$2,480$1,747$400
29 years$6,259$4,543$3,239$2,274$1,577$339
30 years$5,985$4,290$3,017$2,087$1,425$287
31 years$5,729$4,056$2,813$1,917$1,289$243
32 years$5,489$3,838$2,624$1,762$1,166$206
33 years$5,265$3,634$2,450$1,620$1,055$174
34 years$5,054$3,444$2,289$1,491$955$147
35 years$4,856$3,267$2,140$1,372$865$125
36 years$4,669$3,101$2,002$1,264$784$106
37 years$4,493$2,945$1,874$1,164$710$90
38 years$4,327$2,799$1,755$1,073$644$76
39 years$4,169$2,661$1,644$990$584$64
40 years$4,019$2,532$1,541$913$530$54
41 years$3,878$2,410$1,445$842$481$46
42 years$3,743$2,296$1,356$777$436$39
43 years$3,615$2,187$1,272$717$396$33
44 years$3,493$2,085$1,194$662$359$28
45 years$3,377$1,988$1,121$612$326$24
46 years$3,266$1,897$1,053$565$296$20
47 years$3,161$1,810$989$522$269$17
48 years$3,060$1,728$930$482$244$14
49 years$2,963$1,650$874$446$222$12
50 years$2,870$1,576$821$412$201$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 52 starting with $2,940,000, adding $6,890 every year, while hoping to spend $28,205 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: 51/34/15 Blend
51$2,940,000$2,940,000$2,940,000$2,940,000
52$3,246,987$3,091,167$3,045,597$3,398,987
53$3,548,170$3,212,624$3,117,615$3,625,477
54$3,879,128$3,339,088$3,191,100$3,868,048
55$4,242,869$3,470,773$3,266,071$4,131,139
56$4,642,705$3,607,904$3,342,548$4,416,694
57$5,082,287$3,750,718$3,420,550$4,726,853
58$5,565,637$3,899,460$3,500,095$5,063,966
59$6,097,184$4,054,385$3,581,200$5,430,617
60$6,681,811$4,215,764$3,663,884$5,829,648
61$7,324,895$4,383,876$3,748,164$6,264,184
62$8,032,362$4,559,013$3,834,055$6,737,664
63$8,810,741$4,741,483$3,921,573$7,253,868
64$9,667,225$4,931,605$4,010,735$7,816,955
65$10,609,741$5,129,712$4,101,554$8,431,503
66$11,647,023$5,336,156$4,194,044$9,102,545
67$12,788,692$5,551,301$4,288,217$9,835,623
68$14,045,353$5,775,528$4,384,086$10,636,834
69$15,428,687$6,009,238$4,481,662$11,512,888
70$16,951,569$6,252,846$4,580,953$12,471,171
71$18,628,183$6,506,790$4,681,969$13,519,811
72$20,474,160$6,771,525$4,784,718$14,667,757
73$22,506,722$7,047,527$4,889,204$15,924,861
74$24,744,848$7,335,297$4,995,432$17,301,966
75$27,209,450$7,635,353$5,103,406$18,811,012
76$29,923,571$7,948,243$5,213,128$20,465,144
77$32,912,603$8,274,534$5,324,595$22,278,838
78$36,204,526$8,614,824$5,437,807$24,268,030
79$39,830,173$8,969,736$5,552,759$26,450,270
80$43,823,519$9,339,921$5,669,444$28,844,886
81$48,222,001$9,726,061$5,787,854$31,473,159
82$53,066,877$10,128,869$5,907,979$34,358,530
83$58,403,606$10,549,091$6,029,804$37,526,812
84$64,282,284$10,987,508$6,153,313$41,006,436
85$70,758,116$11,444,934$6,278,487$44,828,716
86$77,891,931$11,922,223$6,405,304$49,028,141
87$85,750,766$12,420,270$6,533,739$53,642,701
88$94,408,488$12,940,007$6,663,763$58,714,240
89$103,946,498$13,482,412$6,795,344$64,288,852
90$114,454,499$14,048,508$6,928,446$70,417,309
91$126,031,337$14,639,364$7,063,028$77,155,541
92$138,785,941$15,256,101$7,199,048$84,565,162
93$152,838,346$15,899,889$7,336,455$92,714,043
94$168,320,828$16,571,954$7,475,197$101,676,956
95$185,379,152$17,273,579$7,615,215$111,536,271
96$204,173,947$18,006,106$7,756,446$122,382,736
97$224,882,224$18,770,939$7,898,821$134,316,323
98$247,699,045$19,569,549$8,042,266$147,447,176
99$272,839,365$20,403,475$8,186,700$161,896,638
100$300,540,061$21,274,326$8,332,035$177,798,402