Can I retire at age 52 with 2,950,000?

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 $2,950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$243,608$241,438$239,321$237,255$235,237$229,737
2 years$120,598$118,352$116,175$114,065$112,018$106,508
3 years$79,600$77,344$75,173$73,082$71,069$65,721
4 years$59,105$56,856$54,707$52,652$50,687$45,542
5 years$46,811$44,576$42,455$40,442$38,531$33,605
6 years$38,618$36,400$34,310$32,341$30,488$25,785
7 years$32,768$30,568$28,512$26,590$24,795$20,315
8 years$28,383$26,203$24,180$22,305$20,570$16,312
9 years$24,974$22,814$20,826$18,999$17,323$13,283
10 years$22,248$20,110$18,157$16,378$14,760$10,934
11 years$20,019$17,902$15,985$14,253$12,694$9,077
12 years$18,163$16,068$14,186$12,502$11,000$7,586
13 years$16,594$14,521$12,674$11,038$9,593$6,375
14 years$15,250$13,199$11,388$9,798$8,409$5,381
15 years$14,087$12,058$10,282$8,738$7,404$4,558
16 years$13,070$11,063$9,322$7,824$6,544$3,873
17 years$12,173$10,188$8,483$7,030$5,802$3,300
18 years$11,377$9,414$7,744$6,335$5,159$2,817
19 years$10,666$8,725$7,089$5,724$4,598$2,409
20 years$10,026$8,108$6,506$5,185$4,107$2,064
21 years$9,448$7,552$5,984$4,705$3,675$1,770
22 years$8,924$7,050$5,515$4,278$3,295$1,520
23 years$8,445$6,593$5,092$3,896$2,957$1,306
24 years$8,008$6,178$4,710$3,554$2,658$1,123
25 years$7,606$5,797$4,362$3,245$2,392$967
26 years$7,235$5,449$4,046$2,967$2,155$832
27 years$6,892$5,128$3,757$2,716$1,943$717
28 years$6,575$4,832$3,492$2,489$1,753$618
29 years$6,280$4,558$3,250$2,282$1,583$533
30 years$6,005$4,305$3,027$2,094$1,430$460
31 years$5,748$4,070$2,822$1,923$1,293$397
32 years$5,508$3,851$2,633$1,768$1,170$342
33 years$5,283$3,647$2,459$1,626$1,058$296
34 years$5,072$3,456$2,297$1,496$958$255
35 years$4,873$3,278$2,148$1,377$868$220
36 years$4,685$3,111$2,009$1,268$786$190
37 years$4,508$2,955$1,880$1,168$713$164
38 years$4,341$2,808$1,761$1,077$646$142
39 years$4,183$2,671$1,650$993$586$123
40 years$4,033$2,541$1,546$916$531$106
41 years$3,891$2,419$1,450$845$482$92
42 years$3,756$2,303$1,360$780$438$79
43 years$3,627$2,195$1,276$720$397$68
44 years$3,505$2,092$1,198$665$360$59
45 years$3,388$1,995$1,125$614$327$51
46 years$3,277$1,903$1,057$567$297$44
47 years$3,171$1,816$993$524$270$38
48 years$3,070$1,734$933$484$245$33
49 years$2,973$1,656$877$447$223$28
50 years$2,880$1,581$824$414$202$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 52 starting with $2,950,000, adding $2,975 every year, while hoping to spend $22,084 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: 61/32/7 Blend
51$2,950,000$2,950,000$2,950,000$2,950,000
52$3,253,969$3,097,619$3,051,894$3,447,734
53$3,562,376$3,225,905$3,130,635$3,705,944
54$3,901,501$3,359,737$3,211,274$3,984,728
55$4,274,454$3,499,363$3,293,851$4,288,339
56$4,684,660$3,645,043$3,378,406$4,619,170
57$5,135,894$3,797,050$3,464,982$4,979,853
58$5,632,317$3,955,667$3,553,620$5,373,283
59$6,178,510$4,121,191$3,644,364$5,802,642
60$6,779,524$4,293,935$3,737,256$6,271,434
61$7,440,921$4,474,224$3,832,339$6,783,510
62$8,168,832$4,662,398$3,929,660$7,343,110
63$8,970,012$4,858,815$4,029,263$7,954,896
64$9,851,902$5,063,846$4,131,192$8,624,001
65$10,822,705$5,277,883$4,235,496$9,356,071
66$11,891,455$5,501,334$4,342,219$10,157,322
67$13,068,111$5,734,626$4,451,411$11,034,593
68$14,363,642$5,978,207$4,563,117$11,995,413
69$15,790,139$6,232,545$4,677,387$13,048,071
70$17,360,923$6,498,129$4,794,270$14,201,688
71$19,090,674$6,775,474$4,913,813$15,466,309
72$20,995,565$7,065,114$5,036,069$16,852,989
73$23,093,420$7,367,613$5,161,085$18,373,904
74$25,403,881$7,683,558$5,288,913$20,042,456
75$27,948,589$8,013,564$5,419,604$21,873,405
76$30,751,393$8,358,277$5,553,208$23,883,002
77$33,838,572$8,718,369$5,689,778$26,089,143
78$37,239,086$9,094,549$5,829,365$28,511,536
79$40,984,845$9,487,554$5,972,021$31,171,883
80$45,111,013$9,898,158$6,117,798$34,094,087
81$49,656,341$10,327,172$6,266,748$37,304,472
82$54,663,528$10,775,444$6,418,925$40,832,030
83$60,179,629$11,243,862$6,574,380$44,708,694
84$66,256,495$11,733,355$6,733,166$48,969,636
85$72,951,266$12,244,898$6,895,335$53,653,598
86$80,326,907$12,779,510$7,060,941$58,803,250
87$88,452,803$13,338,258$7,230,034$64,465,599
88$97,405,417$13,922,259$7,402,667$70,692,422
89$107,269,005$14,532,686$7,578,892$77,540,756
90$118,136,418$15,170,762$7,758,760$85,073,432
91$130,109,976$15,837,773$7,942,322$93,359,667
92$143,302,432$16,535,062$8,129,628$102,475,709
93$157,838,037$17,264,037$8,320,728$112,505,560
94$173,853,715$18,026,173$8,515,670$123,541,761
95$191,500,352$18,823,014$8,714,503$135,686,263
96$210,944,223$19,656,177$8,917,274$149,051,386
97$232,368,561$20,527,356$9,124,029$163,760,875
98$255,975,283$21,438,326$9,334,814$179,951,062
99$281,986,903$22,390,945$9,549,671$197,772,152
100$310,648,626$23,387,159$9,768,643$217,389,633