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%19.6%
1 years$242,782$240,620$238,510$236,451$234,440$225,405
2 years$120,189$117,951$115,782$113,678$111,638$102,643
3 years$79,330$77,082$74,918$72,835$70,828$62,156
4 years$58,905$56,664$54,521$52,473$50,515$42,233
5 years$46,653$44,425$42,311$40,305$38,401$30,529
6 years$38,487$36,276$34,193$32,232$30,385$22,929
7 years$32,657$30,465$28,415$26,500$24,711$17,669
8 years$28,287$26,114$24,098$22,230$20,500$13,865
9 years$24,889$22,737$20,756$18,935$17,264$11,025
10 years$22,172$20,041$18,095$16,322$14,710$8,856
11 years$19,951$17,842$15,931$14,205$12,651$7,169
12 years$18,102$16,014$14,138$12,460$10,963$5,839
13 years$16,538$14,472$12,632$11,000$9,560$4,779
14 years$15,199$13,154$11,349$9,765$8,380$3,926
15 years$14,039$12,017$10,247$8,708$7,379$3,236
16 years$13,025$11,025$9,290$7,797$6,521$2,673
17 years$12,132$10,154$8,454$7,006$5,782$2,213
18 years$11,338$9,383$7,717$6,314$5,141$1,835
19 years$10,629$8,696$7,065$5,705$4,583$1,524
20 years$9,992$8,080$6,484$5,167$4,093$1,267
21 years$9,416$7,527$5,964$4,689$3,663$1,055
22 years$8,893$7,026$5,497$4,264$3,283$878
23 years$8,417$6,571$5,075$3,883$2,947$732
24 years$7,981$6,157$4,694$3,542$2,649$610
25 years$7,580$5,778$4,347$3,234$2,384$509
26 years$7,210$5,430$4,032$2,957$2,147$425
27 years$6,869$5,110$3,744$2,707$1,936$355
28 years$6,553$4,816$3,480$2,480$1,747$296
29 years$6,259$4,543$3,239$2,274$1,577$247
30 years$5,985$4,290$3,017$2,087$1,425$207
31 years$5,729$4,056$2,813$1,917$1,289$173
32 years$5,489$3,838$2,624$1,762$1,166$144
33 years$5,265$3,634$2,450$1,620$1,055$121
34 years$5,054$3,444$2,289$1,491$955$101
35 years$4,856$3,267$2,140$1,372$865$84
36 years$4,669$3,101$2,002$1,264$784$70
37 years$4,493$2,945$1,874$1,164$710$59
38 years$4,327$2,799$1,755$1,073$644$49
39 years$4,169$2,661$1,644$990$584$41
40 years$4,019$2,532$1,541$913$530$34
41 years$3,878$2,410$1,445$842$481$29
42 years$3,743$2,296$1,356$777$436$24
43 years$3,615$2,187$1,272$717$396$20
44 years$3,493$2,085$1,194$662$359$17
45 years$3,377$1,988$1,121$612$326$14
46 years$3,266$1,897$1,053$565$296$12
47 years$3,161$1,810$989$522$269$10
48 years$3,060$1,728$930$482$244$8
49 years$2,963$1,650$874$446$222$7
50 years$2,870$1,576$821$412$201$6

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 $4,514 every year, while hoping to spend $46,742 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: 40/34/26 Blend
51$2,940,000$2,940,000$2,940,000$2,940,000
52$3,244,536$3,088,716$3,043,146$3,349,229
53$3,525,746$3,190,330$3,095,358$3,527,056
54$3,834,072$3,295,357$3,147,753$3,714,608
55$4,172,232$3,403,913$3,200,287$3,916,610
56$4,543,217$3,516,123$3,252,914$4,134,413
57$4,950,323$3,632,111$3,305,585$4,369,500
58$5,397,181$3,752,009$3,358,247$4,623,506
59$5,887,789$3,875,953$3,410,844$4,898,226
60$6,426,551$4,004,083$3,463,315$5,195,636
61$7,018,321$4,136,544$3,515,598$5,517,910
62$7,668,444$4,273,489$3,567,625$5,867,440
63$8,382,808$4,415,073$3,619,323$6,246,858
64$9,167,902$4,561,459$3,670,617$6,659,061
65$10,030,871$4,712,813$3,721,426$7,107,239
66$10,979,590$4,869,312$3,771,664$7,594,901
67$12,022,734$5,031,134$3,821,241$8,125,911
68$13,169,861$5,198,467$3,870,060$8,704,524
69$14,431,500$5,371,505$3,918,020$9,335,422
70$15,819,252$5,550,448$3,965,013$10,023,763
71$17,345,901$5,735,506$4,010,927$10,775,226
72$19,025,531$5,926,893$4,055,641$11,596,063
73$20,873,659$6,124,835$4,099,028$12,493,161
74$22,907,383$6,329,562$4,140,956$13,474,104
75$25,145,542$6,541,317$4,181,284$14,547,245
76$27,608,894$6,760,348$4,219,864$15,721,782
77$30,320,311$6,986,914$4,256,539$17,007,848
78$33,304,994$7,221,285$4,291,145$18,416,604
79$36,590,713$7,463,738$4,323,508$19,960,344
80$40,208,067$7,714,562$4,353,447$21,652,610
81$44,190,772$7,974,058$4,380,770$23,508,319
82$48,575,980$8,242,535$4,405,274$25,543,905
83$53,404,628$8,520,318$4,426,748$27,777,472
84$58,721,825$8,807,739$4,444,970$30,228,964
85$64,577,280$9,105,146$4,459,705$32,920,352
86$71,025,764$9,412,900$4,470,707$35,875,843
87$78,127,634$9,731,374$4,477,718$39,122,107
88$85,949,398$10,060,957$4,480,467$42,688,526
89$94,564,344$10,402,051$4,478,669$46,607,472
90$104,053,229$10,755,074$4,472,027$50,914,614
91$114,505,045$11,120,459$4,460,227$55,649,248
92$126,017,856$11,498,658$4,442,940$60,854,675
93$138,699,722$11,890,137$4,419,824$66,578,603
94$152,669,722$12,295,382$4,390,516$72,873,597
95$168,059,075$12,714,897$4,354,639$79,797,577
96$185,012,378$13,149,205$4,311,798$87,414,363
97$203,688,974$13,598,849$4,261,576$95,794,274
98$224,264,451$14,064,393$4,203,540$105,014,796
99$246,932,301$14,546,425$4,137,235$115,161,308
100$271,905,747$15,045,551$4,062,184$126,327,886