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%18.8%
1 years$246,086$243,894$241,755$239,668$237,629$229,198
2 years$121,825$119,556$117,357$115,225$113,157$104,752
3 years$80,410$78,131$75,938$73,826$71,791$63,678
4 years$59,706$57,435$55,263$53,187$51,202$43,441
5 years$47,287$45,029$42,886$40,853$38,923$31,536
6 years$39,011$36,770$34,659$32,670$30,799$23,790
7 years$33,101$30,879$28,801$26,860$25,047$18,416
8 years$28,671$26,469$24,426$22,532$20,779$14,520
9 years$25,228$23,046$21,038$19,193$17,499$11,603
10 years$22,474$20,314$18,341$16,544$14,910$9,368
11 years$20,223$18,084$16,148$14,398$12,823$7,623
12 years$18,348$16,232$14,331$12,629$11,112$6,242
13 years$16,763$14,669$12,803$11,150$9,690$5,136
14 years$15,405$13,333$11,504$9,898$8,494$4,244
15 years$14,230$12,180$10,386$8,827$7,479$3,517
16 years$13,203$11,175$9,417$7,903$6,610$2,923
17 years$12,297$10,292$8,569$7,101$5,861$2,434
18 years$11,493$9,510$7,822$6,400$5,211$2,031
19 years$10,774$8,814$7,161$5,783$4,645$1,697
20 years$10,128$8,190$6,572$5,237$4,149$1,419
21 years$9,544$7,629$6,045$4,753$3,713$1,189
22 years$9,014$7,121$5,571$4,322$3,328$996
23 years$8,531$6,661$5,144$3,936$2,987$835
24 years$8,089$6,240$4,757$3,590$2,685$701
25 years$7,683$5,856$4,406$3,278$2,416$589
26 years$7,309$5,504$4,087$2,998$2,176$494
27 years$6,963$5,180$3,795$2,744$1,962$415
28 years$6,642$4,881$3,528$2,514$1,771$349
29 years$6,344$4,605$3,283$2,305$1,599$294
30 years$6,066$4,349$3,058$2,116$1,445$247
31 years$5,807$4,111$2,851$1,943$1,306$208
32 years$5,564$3,890$2,660$1,786$1,181$175
33 years$5,337$3,684$2,484$1,642$1,069$147
34 years$5,123$3,491$2,320$1,511$968$124
35 years$4,922$3,311$2,169$1,391$877$104
36 years$4,733$3,143$2,029$1,281$794$87
37 years$4,554$2,985$1,900$1,180$720$74
38 years$4,385$2,837$1,779$1,088$653$62
39 years$4,226$2,698$1,667$1,003$592$52
40 years$4,074$2,567$1,562$925$537$44
41 years$3,930$2,443$1,465$854$487$37
42 years$3,794$2,327$1,374$788$442$31
43 years$3,664$2,217$1,289$727$401$26
44 years$3,541$2,113$1,210$671$364$22
45 years$3,423$2,015$1,136$620$331$19
46 years$3,311$1,922$1,067$573$300$16
47 years$3,204$1,835$1,003$529$273$13
48 years$3,101$1,751$942$489$247$11
49 years$3,003$1,672$886$452$225$9
50 years$2,910$1,598$833$418$204$8

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 $2,244 every year, while hoping to spend $34,556 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: 70/5/25 Blend
51$2,980,000$2,980,000$2,980,000$2,980,000
52$3,286,275$3,128,335$3,082,145$3,495,272
53$3,584,707$3,244,856$3,148,629$3,751,986
54$3,912,422$3,365,928$3,216,183$4,028,685
55$4,272,369$3,491,739$3,284,805$4,330,775
56$4,667,798$3,622,481$3,354,493$4,660,774
57$5,102,290$3,758,359$3,425,245$5,021,453
58$5,579,789$3,899,584$3,497,056$5,415,865
59$6,104,640$4,046,377$3,569,921$5,847,372
60$6,681,632$4,198,967$3,643,831$6,319,677
61$7,316,037$4,357,595$3,718,778$6,836,860
62$8,013,667$4,522,512$3,794,752$7,403,414
63$8,780,925$4,693,979$3,871,739$8,024,288
64$9,624,863$4,872,268$3,949,727$8,704,933
65$10,553,254$5,057,664$4,028,698$9,451,356
66$11,574,661$5,250,464$4,108,634$10,270,173
67$12,698,518$5,450,979$4,189,515$11,168,673
68$13,935,220$5,659,530$4,271,317$12,154,887
69$15,296,222$5,876,456$4,354,015$13,237,660
70$16,794,144$6,102,110$4,437,582$14,426,740
71$18,442,891$6,336,858$4,521,986$15,732,866
72$20,257,787$6,581,085$4,607,193$17,167,868
73$22,255,714$6,835,191$4,693,167$18,744,782
74$24,455,276$7,099,595$4,779,868$20,477,971
75$26,876,973$7,374,733$4,867,251$22,383,259
76$29,543,391$7,661,062$4,955,271$24,478,082
77$32,479,419$7,959,057$5,043,875$26,781,652
78$35,712,485$8,269,216$5,133,010$29,315,138
79$39,272,809$8,592,058$5,222,616$32,101,863
80$43,193,692$8,928,125$5,312,630$35,167,530
81$47,511,829$9,277,983$5,402,984$38,540,456
82$52,267,656$9,642,225$5,493,605$42,251,846
83$57,505,731$10,021,468$5,584,414$46,336,085
84$63,275,152$10,416,357$5,675,329$50,831,060
85$69,630,026$10,827,566$5,766,260$55,778,521
86$76,629,972$11,255,800$5,857,113$61,224,471
87$84,340,689$11,701,794$5,947,787$67,219,604
88$92,834,575$12,166,318$6,038,173$73,819,779
89$102,191,408$12,650,174$6,128,159$81,086,550
90$112,499,101$13,154,202$6,217,621$89,087,747
91$123,854,530$13,679,279$6,306,432$97,898,112
92$136,364,450$14,226,320$6,394,455$107,600,008
93$150,146,498$14,796,285$6,481,544$118,284,196
94$165,330,312$15,390,174$6,567,546$130,050,689
95$182,058,743$16,009,032$6,652,299$143,009,698
96$200,489,214$16,653,954$6,735,630$157,282,670
97$220,795,199$17,326,082$6,817,358$173,003,438
98$243,167,860$18,026,611$6,897,291$190,319,476
99$267,817,856$18,756,789$6,975,225$209,393,302
100$294,977,329$19,517,924$7,050,946$230,404,002