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%16.7%
1 years$242,782$240,620$238,510$236,451$234,440$228,033
2 years$120,189$117,951$115,782$113,678$111,638$105,230
3 years$79,330$77,082$74,918$72,835$70,828$64,619
4 years$58,905$56,664$54,521$52,473$50,515$44,553
5 years$46,653$44,425$42,311$40,305$38,401$32,702
6 years$38,487$36,276$34,193$32,232$30,385$24,956
7 years$32,657$30,465$28,415$26,500$24,711$19,551
8 years$28,287$26,114$24,098$22,230$20,500$15,607
9 years$24,889$22,737$20,756$18,935$17,264$12,633
10 years$22,172$20,041$18,095$16,322$14,710$10,334
11 years$19,951$17,842$15,931$14,205$12,651$8,524
12 years$18,102$16,014$14,138$12,460$10,963$7,078
13 years$16,538$14,472$12,632$11,000$9,560$5,908
14 years$15,199$13,154$11,349$9,765$8,380$4,952
15 years$14,039$12,017$10,247$8,708$7,379$4,166
16 years$13,025$11,025$9,290$7,797$6,521$3,515
17 years$12,132$10,154$8,454$7,006$5,782$2,973
18 years$11,338$9,383$7,717$6,314$5,141$2,519
19 years$10,629$8,696$7,065$5,705$4,583$2,138
20 years$9,992$8,080$6,484$5,167$4,093$1,818
21 years$9,416$7,527$5,964$4,689$3,663$1,547
22 years$8,893$7,026$5,497$4,264$3,283$1,318
23 years$8,417$6,571$5,075$3,883$2,947$1,124
24 years$7,981$6,157$4,694$3,542$2,649$959
25 years$7,580$5,778$4,347$3,234$2,384$819
26 years$7,210$5,430$4,032$2,957$2,147$699
27 years$6,869$5,110$3,744$2,707$1,936$598
28 years$6,553$4,816$3,480$2,480$1,747$511
29 years$6,259$4,543$3,239$2,274$1,577$437
30 years$5,985$4,290$3,017$2,087$1,425$374
31 years$5,729$4,056$2,813$1,917$1,289$320
32 years$5,489$3,838$2,624$1,762$1,166$274
33 years$5,265$3,634$2,450$1,620$1,055$234
34 years$5,054$3,444$2,289$1,491$955$201
35 years$4,856$3,267$2,140$1,372$865$172
36 years$4,669$3,101$2,002$1,264$784$147
37 years$4,493$2,945$1,874$1,164$710$126
38 years$4,327$2,799$1,755$1,073$644$108
39 years$4,169$2,661$1,644$990$584$92
40 years$4,019$2,532$1,541$913$530$79
41 years$3,878$2,410$1,445$842$481$68
42 years$3,743$2,296$1,356$777$436$58
43 years$3,615$2,187$1,272$717$396$50
44 years$3,493$2,085$1,194$662$359$43
45 years$3,377$1,988$1,121$612$326$37
46 years$3,266$1,897$1,053$565$296$31
47 years$3,161$1,810$989$522$269$27
48 years$3,060$1,728$930$482$244$23
49 years$2,963$1,650$874$446$222$20
50 years$2,870$1,576$821$412$201$17

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 $4,897 every year, while hoping to spend $33,579 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: 44/36/20 Blend
51$2,940,000$2,940,000$2,940,000$2,940,000
52$3,244,931$3,089,111$3,043,541$3,368,725
53$3,540,186$3,204,750$3,109,772$3,572,070
54$3,864,432$3,324,929$3,177,096$3,788,669
55$4,220,590$3,449,837$3,245,515$4,022,755
56$4,611,879$3,579,667$3,315,028$4,275,964
57$5,041,844$3,714,624$3,385,635$4,550,090
58$5,514,391$3,854,920$3,457,333$4,847,109
59$6,033,824$4,000,776$3,530,118$5,169,188
60$6,604,884$4,152,424$3,603,987$5,518,714
61$7,232,793$4,310,104$3,678,932$5,898,309
62$7,923,306$4,474,067$3,754,944$6,310,856
63$8,682,765$4,644,578$3,832,016$6,759,527
64$9,518,153$4,821,908$3,910,135$7,247,811
65$10,437,168$5,006,345$3,989,288$7,779,544
66$11,448,289$5,198,187$4,069,459$8,358,948
67$12,560,861$5,397,744$4,150,633$8,990,668
68$13,785,178$5,605,342$4,232,788$9,679,814
69$15,132,583$5,821,321$4,315,903$10,432,009
70$16,615,575$6,046,034$4,399,954$11,253,444
71$18,247,925$6,279,851$4,484,914$12,150,930
72$20,044,808$6,523,158$4,570,753$13,131,965
73$22,022,944$6,776,359$4,657,439$14,204,801
74$24,200,757$7,039,874$4,744,937$15,378,523
75$26,598,549$7,314,142$4,833,207$16,663,134
76$29,238,690$7,599,623$4,922,207$18,069,645
77$32,145,827$7,896,796$5,011,892$19,610,179
78$35,347,124$8,206,162$5,102,213$21,298,086
79$38,872,509$8,528,242$5,193,116$23,148,064
80$42,754,963$8,863,584$5,284,543$25,176,299
81$47,030,827$9,212,757$5,376,433$27,400,615
82$51,740,147$9,576,358$5,468,720$29,840,642
83$56,927,052$9,955,009$5,561,331$32,517,996
84$62,640,167$10,349,360$5,654,191$35,456,486
85$68,933,076$10,760,091$5,747,219$38,682,333
86$75,864,826$11,187,912$5,840,327$42,224,417
87$83,500,482$11,633,564$5,933,422$46,114,550
88$91,911,745$12,097,822$6,026,406$50,387,769
89$101,177,624$12,581,497$6,119,172$55,082,669
90$111,385,186$13,085,434$6,211,608$60,241,763
91$122,630,374$13,610,519$6,303,596$65,911,882
92$135,018,914$14,157,676$6,395,008$72,144,614
93$148,667,312$14,727,872$6,485,709$78,996,787
94$163,703,956$15,322,115$6,575,559$86,531,006
95$180,270,323$15,941,463$6,664,404$94,816,239
96$198,522,320$16,587,019$6,752,085$103,928,465
97$218,631,750$17,259,936$6,838,433$113,951,390
98$240,787,937$17,961,421$6,923,269$124,977,230
99$265,199,510$18,692,734$7,006,403$137,107,586
100$292,096,377$19,455,195$7,087,634$150,454,390