Can I retire at age 52 with 2,990,000?

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 $2,990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$246,911$244,712$242,566$240,472$238,427$233,422
2 years$122,233$119,957$117,751$115,611$113,537$108,518
3 years$80,679$78,393$76,192$74,073$72,032$67,156
4 years$59,907$57,627$55,449$53,366$51,374$46,678
5 years$47,446$45,180$43,030$40,990$39,054$34,552
6 years$39,142$36,893$34,775$32,780$30,902$26,598
7 years$33,213$30,983$28,898$26,950$25,131$21,027
8 years$28,768$26,558$24,508$22,608$20,849$16,943
9 years$25,312$23,124$21,109$19,257$17,558$13,847
10 years$22,550$20,382$18,403$16,600$14,960$11,440
11 years$20,291$18,145$16,202$14,447$12,866$9,534
12 years$18,410$16,286$14,379$12,672$11,150$7,999
13 years$16,819$14,718$12,846$11,187$9,723$6,749
14 years$15,457$13,378$11,542$9,931$8,523$5,720
15 years$14,278$12,221$10,421$8,856$7,504$4,866
16 years$13,247$11,213$9,448$7,930$6,632$4,152
17 years$12,338$10,326$8,598$7,125$5,881$3,553
18 years$11,531$9,542$7,849$6,421$5,229$3,046
19 years$10,810$8,844$7,185$5,802$4,660$2,617
20 years$10,162$8,218$6,594$5,255$4,163$2,252
21 years$9,576$7,655$6,065$4,769$3,725$1,940
22 years$9,045$7,145$5,590$4,336$3,339$1,673
23 years$8,560$6,683$5,161$3,949$2,997$1,445
24 years$8,116$6,261$4,773$3,602$2,694$1,249
25 years$7,709$5,876$4,421$3,289$2,424$1,080
26 years$7,333$5,523$4,100$3,008$2,184$934
27 years$6,986$5,197$3,808$2,753$1,969$809
28 years$6,664$4,897$3,540$2,522$1,777$701
29 years$6,365$4,620$3,294$2,313$1,604$607
30 years$6,086$4,363$3,068$2,123$1,449$526
31 years$5,826$4,125$2,860$1,950$1,310$456
32 years$5,583$3,903$2,669$1,792$1,185$396
33 years$5,355$3,696$2,492$1,648$1,073$343
34 years$5,140$3,503$2,328$1,516$971$298
35 years$4,939$3,323$2,177$1,396$880$259
36 years$4,749$3,154$2,036$1,285$797$224
37 years$4,570$2,995$1,906$1,184$722$195
38 years$4,400$2,846$1,785$1,091$655$169
39 years$4,240$2,707$1,672$1,006$594$147
40 years$4,088$2,575$1,567$928$539$128
41 years$3,944$2,451$1,470$856$489$111
42 years$3,807$2,335$1,379$790$443$96
43 years$3,676$2,224$1,294$730$402$84
44 years$3,553$2,120$1,214$674$365$73
45 years$3,434$2,022$1,140$622$332$63
46 years$3,322$1,929$1,071$575$301$55
47 years$3,214$1,841$1,006$531$273$48
48 years$3,112$1,757$945$491$248$41
49 years$3,013$1,678$889$453$226$36
50 years$2,919$1,603$835$419$205$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 52 starting with $2,990,000, adding $2,009 every year, while hoping to spend $40,687 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: 86/9/5 Blend
51$2,990,000$2,990,000$2,990,000$2,990,000
52$3,297,052$3,138,582$3,092,237$3,580,593
53$3,590,061$3,249,082$3,152,537$3,876,087
54$3,911,593$3,363,633$3,213,492$4,194,901
55$4,264,514$3,482,390$3,275,083$4,543,899
56$4,651,983$3,605,515$3,337,287$4,926,085
57$5,077,477$3,733,177$3,400,077$5,344,772
58$5,544,827$3,865,550$3,463,428$5,803,605
59$6,058,255$4,002,818$3,527,308$6,306,601
60$6,622,410$4,145,169$3,591,686$6,858,182
61$7,242,414$4,292,801$3,656,526$7,463,220
62$7,923,911$4,445,919$3,721,790$8,127,080
63$8,673,118$4,604,737$3,787,438$8,855,674
64$9,496,885$4,769,477$3,853,426$9,655,512
65$10,402,758$4,940,372$3,919,706$10,533,765
66$11,399,051$5,117,663$3,986,229$11,498,333
67$12,494,926$5,301,599$4,052,938$12,557,920
68$13,700,474$5,492,444$4,119,778$13,722,111
69$15,026,818$5,690,468$4,186,685$15,001,470
70$16,486,208$5,895,956$4,253,594$16,407,631
71$18,092,146$6,109,203$4,320,434$17,953,413
72$19,859,506$6,330,515$4,387,130$19,652,940
73$21,804,679$6,560,213$4,453,602$21,521,771
74$23,945,723$6,798,631$4,519,765$23,577,047
75$26,302,539$7,046,116$4,585,529$25,837,658
76$28,897,052$7,303,030$4,650,799$28,324,411
77$31,753,423$7,569,750$4,715,472$31,060,234
78$34,898,272$7,846,668$4,779,441$34,070,390
79$38,360,936$8,134,195$4,842,592$37,382,712
80$42,173,737$8,432,756$4,904,804$41,027,868
81$46,372,293$8,742,795$4,965,950$45,039,649
82$50,995,852$9,064,778$5,025,894$49,455,290
83$56,087,662$9,399,185$5,084,495$54,315,814
84$61,695,379$9,746,521$5,141,601$59,666,427
85$67,871,516$10,107,309$5,197,053$65,556,938
86$74,673,941$10,482,097$5,250,685$72,042,232
87$82,166,418$10,871,455$5,302,318$79,182,786
88$90,419,214$11,275,977$5,351,766$87,045,239
89$99,509,757$11,696,283$5,398,834$95,703,020
90$109,523,371$12,133,020$5,443,313$105,237,044
91$120,554,077$12,586,860$5,484,987$115,736,468
92$132,705,484$13,058,507$5,523,625$127,299,540
93$146,091,763$13,548,694$5,558,986$140,034,519
94$160,838,728$14,058,186$5,590,818$154,060,701
95$177,085,020$14,587,778$5,618,852$169,509,541
96$194,983,418$15,138,305$5,642,808$186,525,894
97$214,702,277$15,710,632$5,662,393$205,269,382
98$236,427,122$16,305,666$5,677,296$225,915,900
99$260,362,395$16,924,351$5,687,192$248,659,275
100$286,733,387$17,567,672$5,691,741$273,713,095