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

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 $2,950,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$243,608$241,438$239,321$237,255$235,237$226,801
2 years$120,598$118,352$116,175$114,065$112,018$103,609
3 years$79,600$77,344$75,173$73,082$71,069$62,953
4 years$59,105$56,856$54,707$52,652$50,687$42,925
5 years$46,811$44,576$42,455$40,442$38,531$31,144
6 years$38,618$36,400$34,310$32,341$30,488$23,482
7 years$32,768$30,568$28,512$26,590$24,795$18,167
8 years$28,383$26,203$24,180$22,305$20,570$14,315
9 years$24,974$22,814$20,826$18,999$17,323$11,433
10 years$22,248$20,110$18,157$16,378$14,760$9,224
11 years$20,019$17,902$15,985$14,253$12,694$7,501
12 years$18,163$16,068$14,186$12,502$11,000$6,138
13 years$16,594$14,521$12,674$11,038$9,593$5,048
14 years$15,250$13,199$11,388$9,798$8,409$4,167
15 years$14,087$12,058$10,282$8,738$7,404$3,452
16 years$13,070$11,063$9,322$7,824$6,544$2,866
17 years$12,173$10,188$8,483$7,030$5,802$2,385
18 years$11,377$9,414$7,744$6,335$5,159$1,989
19 years$10,666$8,725$7,089$5,724$4,598$1,660
20 years$10,026$8,108$6,506$5,185$4,107$1,388
21 years$9,448$7,552$5,984$4,705$3,675$1,161
22 years$8,924$7,050$5,515$4,278$3,295$972
23 years$8,445$6,593$5,092$3,896$2,957$815
24 years$8,008$6,178$4,710$3,554$2,658$683
25 years$7,606$5,797$4,362$3,245$2,392$573
26 years$7,235$5,449$4,046$2,967$2,155$481
27 years$6,892$5,128$3,757$2,716$1,943$404
28 years$6,575$4,832$3,492$2,489$1,753$339
29 years$6,280$4,558$3,250$2,282$1,583$285
30 years$6,005$4,305$3,027$2,094$1,430$239
31 years$5,748$4,070$2,822$1,923$1,293$201
32 years$5,508$3,851$2,633$1,768$1,170$169
33 years$5,283$3,647$2,459$1,626$1,058$142
34 years$5,072$3,456$2,297$1,496$958$119
35 years$4,873$3,278$2,148$1,377$868$100
36 years$4,685$3,111$2,009$1,268$786$84
37 years$4,508$2,955$1,880$1,168$713$71
38 years$4,341$2,808$1,761$1,077$646$60
39 years$4,183$2,671$1,650$993$586$50
40 years$4,033$2,541$1,546$916$531$42
41 years$3,891$2,419$1,450$845$482$35
42 years$3,756$2,303$1,360$780$438$30
43 years$3,627$2,195$1,276$720$397$25
44 years$3,505$2,092$1,198$665$360$21
45 years$3,388$1,995$1,125$614$327$18
46 years$3,277$1,903$1,057$567$297$15
47 years$3,171$1,816$993$524$270$13
48 years$3,070$1,734$933$484$245$11
49 years$2,973$1,656$877$447$223$9
50 years$2,880$1,581$824$414$202$7

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 $2,324 every year, while hoping to spend $31,336 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: 73/9/18 Blend
51$2,950,000$2,950,000$2,950,000$2,950,000
52$3,253,297$3,096,947$3,051,222$3,476,946
53$3,551,792$3,215,356$3,120,097$3,744,099
54$3,879,684$3,338,517$3,190,229$4,032,638
55$4,239,936$3,466,630$3,261,626$4,347,916
56$4,635,818$3,599,902$3,334,299$4,692,583
57$5,070,926$3,738,553$3,408,253$5,069,556
58$5,549,227$3,882,808$3,483,495$5,482,047
59$6,075,087$4,032,905$3,560,032$5,933,594
60$6,653,321$4,189,092$3,637,868$6,428,092
61$7,289,229$4,351,627$3,717,006$6,969,833
62$7,988,654$4,520,781$3,797,449$7,563,541
63$8,758,033$4,696,834$3,879,199$8,214,422
64$9,604,455$4,880,082$3,962,255$8,928,208
65$10,535,735$5,070,832$4,046,617$9,711,214
66$11,560,482$5,269,405$4,132,281$10,570,395
67$12,688,182$5,476,136$4,219,242$11,513,412
68$13,929,286$5,691,376$4,307,496$12,548,707
69$15,295,309$5,915,490$4,397,034$13,685,576
70$16,798,943$6,148,861$4,487,846$14,934,261
71$18,454,167$6,391,887$4,579,921$16,306,047
72$20,276,389$6,644,986$4,673,246$17,813,364
73$22,282,584$6,908,594$4,767,803$19,469,906
74$24,491,458$7,183,166$4,863,575$21,290,761
75$26,923,623$7,469,178$4,960,541$23,292,553
76$29,601,791$7,767,126$5,058,678$25,493,594
77$32,550,989$8,077,530$5,157,958$27,914,062
78$35,798,794$8,400,933$5,258,354$30,576,188
79$39,375,595$8,737,903$5,359,833$33,504,467
80$43,314,878$9,089,032$5,462,359$36,725,884
81$47,653,540$9,454,939$5,565,893$40,270,177
82$52,432,244$9,836,274$5,670,393$44,170,107
83$57,695,793$10,233,712$5,775,811$48,461,774
84$63,493,562$10,647,961$5,882,099$53,184,955
85$69,879,956$11,079,762$5,989,200$58,383,477
86$76,914,929$11,529,888$6,097,055$64,105,633
87$84,664,546$11,999,147$6,205,602$70,404,634
88$93,201,610$12,488,385$6,314,769$77,339,113
89$102,606,344$12,998,486$6,424,484$84,973,679
90$112,967,154$13,530,375$6,534,667$93,379,521
91$124,381,458$14,085,017$6,645,233$102,635,085
92$136,956,608$14,663,424$6,756,089$112,826,810
93$150,810,902$15,266,653$6,867,139$124,049,944
94$166,074,704$15,895,808$6,978,277$136,409,444
95$182,891,667$16,552,046$7,089,393$150,020,963
96$201,420,097$17,236,577$7,200,368$165,011,943
97$221,834,442$17,950,663$7,311,075$181,522,816
98$244,326,939$18,695,630$7,421,380$199,708,332
99$269,109,430$19,472,859$7,531,139$219,739,011
100$296,415,361$20,283,798$7,640,202$241,802,762