Can I retire at age 52 with 2,980,000?

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 $2,980,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$246,086$243,894$241,755$239,668$237,629$234,563
2 years$121,825$119,556$117,357$115,225$113,157$110,072
3 years$80,410$78,131$75,938$73,826$71,791$68,783
4 years$59,706$57,435$55,263$53,187$51,202$48,295
5 years$47,287$45,029$42,886$40,853$38,923$36,125
6 years$39,011$36,770$34,659$32,670$30,799$28,112
7 years$33,101$30,879$28,801$26,860$25,047$22,475
8 years$28,671$26,469$24,426$22,532$20,779$18,319
9 years$25,228$23,046$21,038$19,193$17,499$15,151
10 years$22,474$20,314$18,341$16,544$14,910$12,673
11 years$20,223$18,084$16,148$14,398$12,823$10,694
12 years$18,348$16,232$14,331$12,629$11,112$9,089
13 years$16,763$14,669$12,803$11,150$9,690$7,770
14 years$15,405$13,333$11,504$9,898$8,494$6,675
15 years$14,230$12,180$10,386$8,827$7,479$5,757
16 years$13,203$11,175$9,417$7,903$6,610$4,982
17 years$12,297$10,292$8,569$7,101$5,861$4,324
18 years$11,493$9,510$7,822$6,400$5,211$3,761
19 years$10,774$8,814$7,161$5,783$4,645$3,279
20 years$10,128$8,190$6,572$5,237$4,149$2,864
21 years$9,544$7,629$6,045$4,753$3,713$2,505
22 years$9,014$7,121$5,571$4,322$3,328$2,194
23 years$8,531$6,661$5,144$3,936$2,987$1,924
24 years$8,089$6,240$4,757$3,590$2,685$1,689
25 years$7,683$5,856$4,406$3,278$2,416$1,484
26 years$7,309$5,504$4,087$2,998$2,176$1,305
27 years$6,963$5,180$3,795$2,744$1,962$1,148
28 years$6,642$4,881$3,528$2,514$1,771$1,011
29 years$6,344$4,605$3,283$2,305$1,599$890
30 years$6,066$4,349$3,058$2,116$1,445$785
31 years$5,807$4,111$2,851$1,943$1,306$692
32 years$5,564$3,890$2,660$1,786$1,181$610
33 years$5,337$3,684$2,484$1,642$1,069$538
34 years$5,123$3,491$2,320$1,511$968$475
35 years$4,922$3,311$2,169$1,391$877$419
36 years$4,733$3,143$2,029$1,281$794$370
37 years$4,554$2,985$1,900$1,180$720$327
38 years$4,385$2,837$1,779$1,088$653$288
39 years$4,226$2,698$1,667$1,003$592$255
40 years$4,074$2,567$1,562$925$537$225
41 years$3,930$2,443$1,465$854$487$199
42 years$3,794$2,327$1,374$788$442$176
43 years$3,664$2,217$1,289$727$401$155
44 years$3,541$2,113$1,210$671$364$137
45 years$3,423$2,015$1,136$620$331$121
46 years$3,311$1,922$1,067$573$300$107
47 years$3,204$1,835$1,003$529$273$95
48 years$3,101$1,751$942$489$247$84
49 years$3,003$1,672$886$452$225$74
50 years$2,910$1,598$833$418$204$65

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 52 starting with $2,980,000, adding $2,499 every year, while hoping to spend $32,904 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: 66/9/25 Blend
51$2,980,000$2,980,000$2,980,000$2,980,000
52$3,286,538$3,128,598$3,082,408$3,481,946
53$3,586,755$3,246,889$3,150,659$3,732,113
54$3,916,492$3,369,875$3,220,093$4,001,577
55$4,278,724$3,497,748$3,290,717$4,295,447
56$4,676,730$3,630,715$3,362,532$4,616,127
57$5,114,123$3,768,986$3,435,543$4,966,267
58$5,594,882$3,912,784$3,509,752$5,348,782
59$6,123,390$4,062,341$3,585,159$5,766,883
60$6,704,477$4,217,897$3,661,763$6,224,105
61$7,343,465$4,379,706$3,739,564$6,724,341
62$8,046,217$4,548,030$3,818,558$7,271,881
63$8,819,191$4,723,144$3,898,740$7,871,447
64$9,669,505$4,905,334$3,980,104$8,528,241
65$10,605,000$5,094,901$4,062,643$9,247,993
66$11,634,316$5,292,156$4,146,347$10,037,012
67$12,766,971$5,497,427$4,231,204$10,902,252
68$14,013,454$5,711,053$4,317,202$11,851,369
69$15,385,323$5,933,391$4,404,325$12,892,798
70$16,895,311$6,164,812$4,492,555$14,035,833
71$18,557,449$6,405,705$4,581,872$15,290,709
72$20,387,199$6,656,474$4,672,254$16,668,704
73$22,401,594$6,917,542$4,763,676$18,182,242
74$24,619,408$7,189,353$4,856,110$19,845,011
75$27,061,323$7,472,367$4,949,525$21,672,089
76$29,750,131$7,767,066$5,043,888$23,680,092
77$32,710,948$8,073,956$5,139,161$25,887,323
78$35,971,446$8,393,561$5,235,305$28,313,950
79$39,562,121$8,726,433$5,332,275$30,982,192
80$43,516,575$9,073,145$5,430,023$33,916,532
81$47,871,835$9,434,299$5,528,498$37,143,944
82$52,668,703$9,810,521$5,627,644$40,694,149
83$57,952,141$10,202,467$5,727,401$44,599,894
84$63,771,694$10,610,822$5,827,703$48,897,263
85$70,181,956$11,036,302$5,928,481$53,626,015
86$77,243,090$11,479,655$6,029,659$58,829,956
87$85,021,391$11,941,664$6,131,159$64,557,359
88$93,589,914$12,423,146$6,232,893$70,861,413
89$103,029,160$12,924,955$6,334,770$77,800,725
90$113,427,841$13,447,985$6,436,691$85,439,877
91$124,883,713$13,993,168$6,538,553$93,850,029
92$137,504,501$14,561,483$6,640,243$103,109,596
93$151,408,912$15,153,948$6,741,644$113,304,983
94$166,727,761$15,771,630$6,842,628$124,531,400
95$183,605,198$16,415,646$6,943,063$136,893,765
96$202,200,078$17,087,162$7,042,804$150,507,686
97$222,687,450$17,787,398$7,141,703$165,500,559
98$245,260,218$18,517,628$7,239,597$182,012,765
99$270,130,955$19,279,187$7,336,319$200,198,996
100$297,533,915$20,073,469$7,431,688$220,229,713