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

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 $2,980,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$246,086$243,894$241,755$239,668$237,629$236,231
2 years$121,825$119,556$117,357$115,225$113,157$111,746
3 years$80,410$78,131$75,938$73,826$71,791$70,412
4 years$59,706$57,435$55,263$53,187$51,202$49,864
5 years$47,287$45,029$42,886$40,853$38,923$37,631
6 years$39,011$36,770$34,659$32,670$30,799$29,554
7 years$33,101$30,879$28,801$26,860$25,047$23,851
8 years$28,671$26,469$24,426$22,532$20,779$19,631
9 years$25,228$23,046$21,038$19,193$17,499$16,399
10 years$22,474$20,314$18,341$16,544$14,910$13,857
11 years$20,223$18,084$16,148$14,398$12,823$11,817
12 years$18,348$16,232$14,331$12,629$11,112$10,152
13 years$16,763$14,669$12,803$11,150$9,690$8,774
14 years$15,405$13,333$11,504$9,898$8,494$7,622
15 years$14,230$12,180$10,386$8,827$7,479$6,650
16 years$13,203$11,175$9,417$7,903$6,610$5,822
17 years$12,297$10,292$8,569$7,101$5,861$5,113
18 years$11,493$9,510$7,822$6,400$5,211$4,502
19 years$10,774$8,814$7,161$5,783$4,645$3,974
20 years$10,128$8,190$6,572$5,237$4,149$3,514
21 years$9,544$7,629$6,045$4,753$3,713$3,113
22 years$9,014$7,121$5,571$4,322$3,328$2,762
23 years$8,531$6,661$5,144$3,936$2,987$2,453
24 years$8,089$6,240$4,757$3,590$2,685$2,182
25 years$7,683$5,856$4,406$3,278$2,416$1,942
26 years$7,309$5,504$4,087$2,998$2,176$1,731
27 years$6,963$5,180$3,795$2,744$1,962$1,544
28 years$6,642$4,881$3,528$2,514$1,771$1,378
29 years$6,344$4,605$3,283$2,305$1,599$1,230
30 years$6,066$4,349$3,058$2,116$1,445$1,099
31 years$5,807$4,111$2,851$1,943$1,306$983
32 years$5,564$3,890$2,660$1,786$1,181$879
33 years$5,337$3,684$2,484$1,642$1,069$786
34 years$5,123$3,491$2,320$1,511$968$704
35 years$4,922$3,311$2,169$1,391$877$630
36 years$4,733$3,143$2,029$1,281$794$564
37 years$4,554$2,985$1,900$1,180$720$505
38 years$4,385$2,837$1,779$1,088$653$453
39 years$4,226$2,698$1,667$1,003$592$406
40 years$4,074$2,567$1,562$925$537$364
41 years$3,930$2,443$1,465$854$487$326
42 years$3,794$2,327$1,374$788$442$292
43 years$3,664$2,217$1,289$727$401$262
44 years$3,541$2,113$1,210$671$364$235
45 years$3,423$2,015$1,136$620$331$211
46 years$3,311$1,922$1,067$573$300$189
47 years$3,204$1,835$1,003$529$273$170
48 years$3,101$1,751$942$489$247$152
49 years$3,003$1,672$886$452$225$136
50 years$2,910$1,598$833$418$204$122

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 $5,961 every year, while hoping to spend $37,148 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: 54/19/27 Blend
51$2,980,000$2,980,000$2,980,000$2,980,000
52$3,290,109$3,132,169$3,085,979$3,442,826
53$3,586,175$3,246,120$3,149,834$3,662,893
54$3,911,194$3,364,410$3,214,583$3,898,041
55$4,268,082$3,487,211$3,280,217$4,153,302
56$4,660,047$3,614,705$3,346,725$4,430,620
57$5,090,626$3,747,080$3,414,095$4,732,132
58$5,563,715$3,884,532$3,482,312$5,060,192
59$6,083,604$4,027,265$3,551,360$5,417,391
60$6,655,023$4,175,492$3,621,222$5,806,579
61$7,283,180$4,329,436$3,691,877$6,230,894
62$7,973,813$4,489,327$3,763,304$6,693,793
63$8,733,245$4,655,407$3,835,478$7,199,077
64$9,568,441$4,827,927$3,908,371$7,750,936
65$10,487,076$5,007,149$3,981,955$8,353,980
66$11,497,605$5,193,346$4,056,198$9,013,286
67$12,609,345$5,386,804$4,131,065$9,734,446
68$13,832,560$5,587,820$4,206,518$10,523,618
69$15,178,560$5,796,703$4,282,516$11,387,581
70$16,659,808$6,013,776$4,359,014$12,333,803
71$18,290,034$6,239,376$4,435,966$13,370,510
72$20,084,366$6,473,854$4,513,321$14,506,761
73$22,059,477$6,717,578$4,591,022$15,752,533
74$24,233,733$6,970,929$4,669,011$17,118,817
75$26,627,375$7,234,307$4,747,224$18,617,720
76$29,262,706$7,508,126$4,825,595$20,262,577
77$32,164,300$7,792,822$4,904,050$22,068,080
78$35,359,235$8,088,847$4,982,512$24,050,410
79$38,877,351$8,396,674$5,060,900$26,227,395
80$42,751,525$8,716,796$5,139,125$28,618,675
81$47,017,989$9,049,727$5,217,094$31,245,887
82$51,716,665$9,396,005$5,294,708$34,132,868
83$56,891,546$9,756,190$5,371,861$37,305,878
84$62,591,108$10,130,867$5,448,443$40,793,852
85$68,868,768$10,520,647$5,524,333$44,628,665
86$75,783,391$10,926,168$5,599,407$48,845,439
87$83,399,841$11,348,094$5,673,531$53,482,868
88$91,789,595$11,787,120$5,746,564$58,583,587
89$101,031,417$12,243,973$5,818,358$64,194,571
90$111,212,103$12,719,409$5,888,754$70,367,575
91$122,427,296$13,214,218$5,957,586$77,159,628
92$134,782,393$13,729,228$6,024,678$84,633,564
93$148,393,537$14,265,300$6,089,844$92,858,619
94$163,388,712$14,823,334$6,152,888$101,911,078
95$179,908,955$15,404,271$6,213,604$111,874,999
96$198,109,682$16,009,095$6,271,774$122,843,004
97$218,162,159$16,638,830$6,327,168$134,917,149
98$240,255,115$17,294,548$6,379,544$148,209,889
99$264,596,526$17,977,370$6,428,648$162,845,141
100$291,415,576$18,688,465$6,474,211$178,959,444