Can I retire at age 52 with 2,970,000?

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 $2,970,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$245,260$243,075$240,944$238,863$236,832$231,389
2 years$121,416$119,154$116,963$114,838$112,777$107,323
3 years$80,140$77,869$75,683$73,578$71,550$66,256
4 years$59,506$57,242$55,078$53,009$51,030$45,936
5 years$47,129$44,878$42,743$40,716$38,792$33,913
6 years$38,880$36,646$34,542$32,561$30,695$26,036
7 years$32,990$30,776$28,705$26,770$24,963$20,525
8 years$28,575$26,380$24,344$22,457$20,710$16,490
9 years$25,143$22,969$20,967$19,128$17,440$13,436
10 years$22,399$20,246$18,280$16,489$14,860$11,067
11 years$20,155$18,024$16,093$14,350$12,780$9,193
12 years$18,286$16,177$14,282$12,587$11,075$7,688
13 years$16,707$14,619$12,760$11,112$9,658$6,465
14 years$15,354$13,289$11,465$9,864$8,466$5,461
15 years$14,182$12,139$10,352$8,797$7,454$4,629
16 years$13,158$11,138$9,385$7,877$6,588$3,936
17 years$12,256$10,257$8,540$7,077$5,841$3,356
18 years$11,454$9,478$7,796$6,378$5,194$2,867
19 years$10,738$8,784$7,137$5,763$4,629$2,454
20 years$10,094$8,163$6,550$5,220$4,135$2,103
21 years$9,512$7,603$6,025$4,737$3,700$1,805
22 years$8,984$7,098$5,553$4,307$3,317$1,551
23 years$8,503$6,638$5,127$3,923$2,977$1,334
24 years$8,062$6,220$4,742$3,578$2,676$1,148
25 years$7,657$5,837$4,392$3,267$2,408$989
26 years$7,284$5,486$4,073$2,987$2,169$853
27 years$6,939$5,163$3,782$2,735$1,956$735
28 years$6,619$4,865$3,516$2,505$1,765$634
29 years$6,322$4,589$3,272$2,298$1,593$547
30 years$6,046$4,334$3,048$2,109$1,440$472
31 years$5,787$4,097$2,841$1,937$1,302$408
32 years$5,545$3,877$2,651$1,780$1,177$352
33 years$5,319$3,671$2,475$1,637$1,066$304
34 years$5,106$3,480$2,313$1,506$965$263
35 years$4,906$3,300$2,162$1,386$874$227
36 years$4,717$3,132$2,023$1,277$792$196
37 years$4,539$2,975$1,893$1,176$718$170
38 years$4,371$2,827$1,773$1,084$651$147
39 years$4,211$2,689$1,661$1,000$590$127
40 years$4,060$2,558$1,557$922$535$110
41 years$3,917$2,435$1,460$851$485$95
42 years$3,781$2,319$1,369$785$441$82
43 years$3,652$2,210$1,285$725$400$71
44 years$3,529$2,106$1,206$669$363$61
45 years$3,411$2,008$1,133$618$329$53
46 years$3,300$1,916$1,064$571$299$46
47 years$3,193$1,828$999$527$272$40
48 years$3,091$1,745$939$487$247$34
49 years$2,993$1,667$883$450$224$30
50 years$2,900$1,592$830$416$203$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 52 starting with $2,970,000, adding $4,209 every year, while hoping to spend $21,084 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: 37/50/13 Blend
51$2,970,000$2,970,000$2,970,000$2,970,000
52$3,277,282$3,119,872$3,073,837$3,385,348
53$3,589,131$3,250,312$3,154,377$3,593,521
54$3,932,083$3,386,438$3,236,909$3,815,890
55$4,309,286$3,528,504$3,321,476$4,055,615
56$4,724,213$3,676,780$3,408,125$4,314,260
57$5,180,686$3,831,546$3,496,901$4,593,537
58$5,682,920$3,993,096$3,587,851$4,895,323
59$6,235,557$4,161,736$3,681,023$5,221,680
60$6,843,711$4,337,789$3,776,465$5,574,868
61$7,513,019$4,521,590$3,874,226$5,957,369
62$8,249,691$4,713,492$3,974,356$6,371,905
63$9,060,569$4,913,863$4,076,907$6,821,467
64$9,953,193$5,123,088$4,181,929$7,309,339
65$10,935,871$5,341,571$4,289,476$7,839,126
66$12,017,757$5,569,735$4,399,600$8,414,790
67$13,208,937$5,808,022$4,512,356$9,040,683
68$14,520,527$6,056,893$4,627,799$9,721,587
69$15,964,774$6,316,834$4,745,983$10,462,757
70$17,555,174$6,588,352$4,866,966$11,269,969
71$19,306,597$6,871,976$4,990,805$12,149,574
72$21,235,430$7,168,263$5,117,557$13,108,551
73$23,359,731$7,477,795$5,247,282$14,154,577
74$25,699,396$7,801,179$5,380,039$15,296,091
75$28,276,351$8,139,054$5,515,887$16,542,376
76$31,114,758$8,492,087$5,654,888$17,903,643
77$34,241,241$8,860,977$5,797,104$19,391,121
78$37,685,137$9,246,454$5,942,597$21,017,164
79$41,478,776$9,649,285$6,091,429$22,795,366
80$45,657,784$10,070,273$6,243,664$24,740,682
81$50,261,418$10,510,256$6,399,367$26,869,567
82$55,332,938$10,970,115$6,558,602$29,200,130
83$60,920,017$11,450,769$6,721,434$31,752,302
84$67,075,185$11,953,184$6,887,929$34,548,016
85$73,856,333$12,478,369$7,058,153$37,611,414
86$81,327,252$13,027,381$7,232,174$40,969,071
87$89,558,237$13,601,329$7,410,058$44,650,239
88$98,626,755$14,201,372$7,591,872$48,687,122
89$108,618,169$14,828,724$7,777,685$53,115,172
90$119,626,550$15,484,659$7,967,565$57,973,421
91$131,755,559$16,170,508$8,161,579$63,304,846
92$145,119,430$16,887,667$8,359,796$69,156,766
93$159,844,048$17,637,599$8,562,285$75,581,284
94$176,068,134$18,421,834$8,769,115$82,635,775
95$193,944,556$19,241,976$8,980,352$90,383,421
96$213,641,773$20,099,706$9,196,067$98,893,799
97$235,345,425$20,996,782$9,416,326$108,243,534
98$259,260,084$21,935,050$9,641,199$118,517,015
99$285,611,185$22,916,440$9,870,751$129,807,184
100$314,647,155$23,942,975$10,105,050$142,216,403