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

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 $2,940,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$242,782$240,620$238,510$236,451$234,440$233,354
2 years$120,189$117,951$115,782$113,678$111,638$110,542
3 years$79,330$77,082$74,918$72,835$70,828$69,755
4 years$58,905$56,664$54,521$52,473$50,515$49,474
5 years$46,653$44,425$42,311$40,305$38,401$37,395
6 years$38,487$36,276$34,193$32,232$30,385$29,416
7 years$32,657$30,465$28,415$26,500$24,711$23,779
8 years$28,287$26,114$24,098$22,230$20,500$19,605
9 years$24,889$22,737$20,756$18,935$17,264$16,406
10 years$22,172$20,041$18,095$16,322$14,710$13,888
11 years$19,951$17,842$15,931$14,205$12,651$11,865
12 years$18,102$16,014$14,138$12,460$10,963$10,212
13 years$16,538$14,472$12,632$11,000$9,560$8,843
14 years$15,199$13,154$11,349$9,765$8,380$7,697
15 years$14,039$12,017$10,247$8,708$7,379$6,728
16 years$13,025$11,025$9,290$7,797$6,521$5,903
17 years$12,132$10,154$8,454$7,006$5,782$5,195
18 years$11,338$9,383$7,717$6,314$5,141$4,584
19 years$10,629$8,696$7,065$5,705$4,583$4,054
20 years$9,992$8,080$6,484$5,167$4,093$3,593
21 years$9,416$7,527$5,964$4,689$3,663$3,190
22 years$8,893$7,026$5,497$4,264$3,283$2,836
23 years$8,417$6,571$5,075$3,883$2,947$2,525
24 years$7,981$6,157$4,694$3,542$2,649$2,251
25 years$7,580$5,778$4,347$3,234$2,384$2,009
26 years$7,210$5,430$4,032$2,957$2,147$1,794
27 years$6,869$5,110$3,744$2,707$1,936$1,604
28 years$6,553$4,816$3,480$2,480$1,747$1,435
29 years$6,259$4,543$3,239$2,274$1,577$1,284
30 years$5,985$4,290$3,017$2,087$1,425$1,150
31 years$5,729$4,056$2,813$1,917$1,289$1,031
32 years$5,489$3,838$2,624$1,762$1,166$924
33 years$5,265$3,634$2,450$1,620$1,055$829
34 years$5,054$3,444$2,289$1,491$955$744
35 years$4,856$3,267$2,140$1,372$865$667
36 years$4,669$3,101$2,002$1,264$784$599
37 years$4,493$2,945$1,874$1,164$710$538
38 years$4,327$2,799$1,755$1,073$644$483
39 years$4,169$2,661$1,644$990$584$434
40 years$4,019$2,532$1,541$913$530$390
41 years$3,878$2,410$1,445$842$481$351
42 years$3,743$2,296$1,356$777$436$315
43 years$3,615$2,187$1,272$717$396$283
44 years$3,493$2,085$1,194$662$359$255
45 years$3,377$1,988$1,121$612$326$229
46 years$3,266$1,897$1,053$565$296$206
47 years$3,161$1,810$989$522$269$185
48 years$3,060$1,728$930$482$244$167
49 years$2,963$1,650$874$446$222$150
50 years$2,870$1,576$821$412$201$135

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 $2,323 every year, while hoping to spend $38,319 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: 56/22/22 Blend
51$2,940,000$2,940,000$2,940,000$2,940,000
52$3,242,276$3,086,456$3,040,886$3,404,392
53$3,532,217$3,196,921$3,101,985$3,625,955
54$3,850,448$3,311,515$3,163,846$3,862,949
55$4,199,814$3,430,399$3,226,455$4,120,321
56$4,583,448$3,553,742$3,289,794$4,400,039
57$5,004,803$3,681,719$3,353,846$4,704,270
58$5,467,683$3,814,514$3,418,590$5,035,399
59$5,976,277$3,952,315$3,484,003$5,396,050
60$6,535,201$4,095,322$3,550,060$5,789,112
61$7,149,539$4,243,740$3,616,735$6,217,764
62$7,824,893$4,397,785$3,683,997$6,685,506
63$8,567,436$4,557,680$3,751,815$7,196,193
64$9,383,967$4,723,659$3,820,153$7,754,065
65$10,281,978$4,895,964$3,888,974$8,363,794
66$11,269,723$5,074,849$3,958,238$9,030,522
67$12,356,295$5,260,578$4,027,899$9,759,914
68$13,551,715$5,453,424$4,097,912$10,558,205
69$14,867,023$5,653,675$4,168,225$11,432,262
70$16,314,383$5,861,629$4,238,784$12,389,651
71$17,907,198$6,077,596$4,309,531$13,438,699
72$19,660,235$6,301,902$4,380,404$14,588,582
73$21,589,768$6,534,883$4,451,336$15,849,404
74$23,713,724$6,776,892$4,522,255$17,232,296
75$26,051,861$7,028,297$4,593,088$18,749,516
76$28,625,946$7,289,479$4,663,752$20,414,570
77$31,459,968$7,560,839$4,734,163$22,242,332
78$34,580,356$7,842,791$4,804,228$24,249,189
79$38,016,235$8,135,771$4,873,853$26,453,193
80$41,799,697$8,440,230$4,942,933$28,874,230
81$45,966,105$8,756,640$5,011,361$31,534,207
82$50,554,427$9,085,494$5,079,020$34,457,258
83$55,607,600$9,427,305$5,145,789$37,669,975
84$61,172,940$9,782,608$5,211,538$41,201,649
85$67,302,586$10,151,962$5,276,131$45,084,555
86$74,053,992$10,535,950$5,339,422$49,354,250
87$81,490,466$10,935,179$5,401,260$54,049,911
88$89,681,775$11,350,283$5,461,484$59,214,699
89$98,704,794$11,781,926$5,519,922$64,896,173
90$108,644,239$12,230,796$5,576,395$71,146,729
91$119,593,461$12,697,615$5,630,714$78,024,100
92$131,655,331$13,183,134$5,682,679$85,591,899
93$144,943,206$13,688,140$5,732,081$93,920,214
94$159,582,004$14,213,449$5,778,696$103,086,273
95$175,709,379$14,759,919$5,822,293$113,175,171
96$193,477,022$15,328,441$5,862,626$124,280,668
97$213,052,090$15,919,947$5,899,437$136,506,079
98$234,618,789$16,535,410$5,932,453$149,965,242
99$258,380,106$17,175,845$5,961,391$164,783,595
100$284,559,728$17,842,313$5,985,949$181,099,357