Can I retire at age 52 with 2,960,000?

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 $2,960,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$244,434$242,257$240,132$238,059$236,035$233,764
2 years$121,007$118,753$116,569$114,451$112,397$110,110
3 years$79,870$77,607$75,428$73,330$71,310$69,077
4 years$59,306$57,049$54,892$52,830$50,859$48,697
5 years$46,970$44,727$42,599$40,579$38,662$36,578
6 years$38,749$36,523$34,426$32,451$30,592$28,588
7 years$32,879$30,672$28,608$26,680$24,879$22,957
8 years$28,479$26,292$24,262$22,381$20,640$18,799
9 years$25,058$22,892$20,897$19,064$17,382$15,621
10 years$22,323$20,178$18,218$16,433$14,810$13,129
11 years$20,087$17,963$16,039$14,302$12,737$11,134
12 years$18,225$16,123$14,234$12,545$11,038$9,511
13 years$16,650$14,570$12,717$11,075$9,625$8,173
14 years$15,302$13,244$11,427$9,831$8,437$7,058
15 years$14,135$12,099$10,317$8,768$7,429$6,121
16 years$13,114$11,100$9,354$7,850$6,566$5,326
17 years$12,214$10,223$8,511$7,054$5,822$4,648
18 years$11,416$9,446$7,770$6,357$5,176$4,067
19 years$10,702$8,755$7,113$5,744$4,614$3,567
20 years$10,060$8,135$6,528$5,202$4,121$3,133
21 years$9,480$7,578$6,004$4,721$3,688$2,757
22 years$8,954$7,074$5,534$4,293$3,306$2,430
23 years$8,474$6,616$5,110$3,909$2,967$2,144
24 years$8,035$6,199$4,726$3,566$2,667$1,894
25 years$7,631$5,817$4,377$3,256$2,400$1,674
26 years$7,260$5,467$4,059$2,977$2,162$1,481
27 years$6,916$5,145$3,769$2,725$1,949$1,312
28 years$6,597$4,848$3,504$2,497$1,759$1,162
29 years$6,301$4,574$3,261$2,290$1,588$1,030
30 years$6,025$4,319$3,037$2,101$1,435$914
31 years$5,768$4,083$2,832$1,930$1,297$811
32 years$5,527$3,864$2,642$1,774$1,173$720
33 years$5,301$3,659$2,467$1,631$1,062$639
34 years$5,089$3,468$2,305$1,501$962$568
35 years$4,889$3,289$2,155$1,382$871$505
36 years$4,701$3,122$2,016$1,272$789$448
37 years$4,524$2,965$1,887$1,172$715$399
38 years$4,356$2,818$1,767$1,081$648$354
39 years$4,197$2,680$1,655$996$588$315
40 years$4,047$2,549$1,552$919$533$280
41 years$3,904$2,427$1,455$848$484$249
42 years$3,769$2,311$1,365$782$439$222
43 years$3,640$2,202$1,281$722$398$197
44 years$3,517$2,099$1,202$667$362$176
45 years$3,400$2,002$1,129$616$328$156
46 years$3,288$1,909$1,060$569$298$139
47 years$3,182$1,822$996$526$271$124
48 years$3,080$1,740$936$486$246$110
49 years$2,983$1,661$880$449$223$98
50 years$2,890$1,587$827$415$203$87

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 52 starting with $2,960,000, adding $3,698 every year, while hoping to spend $25,489 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: 87/7/6 Blend
51$2,960,000$2,960,000$2,960,000$2,960,000
52$3,265,734$3,108,854$3,062,974$3,548,849
53$3,571,719$3,234,068$3,138,464$3,858,998
54$3,908,060$3,364,563$3,215,628$4,195,909
55$4,277,827$3,500,571$3,294,496$4,565,380
56$4,684,401$3,642,335$3,375,097$4,970,672
57$5,131,507$3,790,107$3,457,461$5,415,378
58$5,623,252$3,944,153$3,541,617$5,903,454
59$6,164,157$4,104,750$3,627,594$6,439,259
60$6,759,205$4,272,187$3,715,423$7,027,594
61$7,413,887$4,446,767$3,805,132$7,673,746
62$8,134,251$4,628,806$3,896,752$8,383,539
63$8,926,963$4,818,636$3,990,312$9,163,391
64$9,799,367$5,016,603$4,085,841$10,020,370
65$10,759,555$5,223,069$4,183,368$10,962,262
66$11,816,442$5,438,412$4,282,924$11,997,645
67$12,979,853$5,663,028$4,384,536$13,135,969
68$14,260,613$5,897,331$4,488,233$14,387,644
69$15,670,651$6,141,756$4,594,044$15,764,141
70$17,223,109$6,396,754$4,701,996$17,278,096
71$18,932,471$6,662,799$4,812,118$18,943,430
72$20,814,694$6,940,388$4,924,435$20,775,481
73$22,887,365$7,230,038$5,038,975$22,791,150
74$25,169,859$7,532,293$5,155,764$25,009,055
75$27,683,529$7,847,720$5,274,826$27,449,710
76$30,451,903$8,176,912$5,396,187$30,135,719
77$33,500,908$8,520,492$5,519,871$33,091,985
78$36,859,114$8,879,109$5,645,899$36,345,948
79$40,558,001$9,253,443$5,774,294$39,927,843
80$44,632,261$9,644,206$5,905,077$43,870,983
81$49,120,123$10,052,143$6,038,268$48,212,075
82$54,063,710$10,478,032$6,173,885$52,991,565
83$59,509,443$10,922,691$6,311,945$58,254,017
84$65,508,475$11,386,972$6,452,464$64,048,539
85$72,117,174$11,871,768$6,595,456$70,429,239
86$79,397,656$12,378,014$6,740,933$77,455,739
87$87,418,369$12,906,689$6,888,907$85,193,738
88$96,254,743$13,458,817$7,039,386$93,715,628
89$105,989,898$14,035,470$7,192,376$103,101,179
90$116,715,429$14,637,769$7,347,882$113,438,290
91$128,532,273$15,266,890$7,505,907$124,823,821
92$141,551,659$15,924,062$7,666,449$137,364,500
93$155,896,159$16,610,572$7,829,505$151,177,937
94$171,700,844$17,327,767$7,995,071$166,393,729
95$189,114,561$18,077,058$8,163,136$183,154,685
96$208,301,333$18,859,921$8,333,689$201,618,169
97$229,441,915$19,677,903$8,506,713$221,957,589
98$252,735,492$20,532,622$8,682,190$244,364,031
99$278,401,565$21,425,773$8,860,096$269,048,063
100$306,682,020$22,359,131$9,040,404$296,241,718