Can I retire at age 52 with 8,400,000?

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 $8,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$693,664$687,485$681,457$675,573$669,828$645,036
2 years$343,398$337,003$330,804$324,795$318,966$294,268
3 years$226,658$220,235$214,052$208,099$202,365$178,539
4 years$168,299$161,896$155,775$149,924$144,328$121,555
5 years$133,293$126,928$120,888$115,156$109,716$88,055
6 years$109,964$103,647$97,695$92,091$86,815$66,281
7 years$93,306$87,042$81,185$75,713$70,604$51,192
8 years$80,819$74,611$68,852$63,514$58,572$40,265
9 years$71,111$64,963$59,302$54,100$49,326$32,099
10 years$63,350$57,261$51,701$46,634$42,029$25,849
11 years$57,004$50,976$45,517$40,586$36,146$20,980
12 years$51,719$45,754$40,395$35,599$31,323$17,133
13 years$47,251$41,348$36,090$31,429$27,315$14,060
14 years$43,425$37,584$32,427$27,899$23,944$11,584
15 years$40,111$34,334$29,277$24,881$21,082$9,574
16 years$37,215$31,501$26,544$22,278$18,632$7,933
17 years$34,662$29,011$24,154$20,017$16,521$6,587
18 years$32,396$26,807$22,050$18,039$14,689$5,479
19 years$30,370$24,845$20,185$16,300$13,093$4,564
20 years$28,549$23,087$18,525$14,763$11,695$3,806
21 years$26,904$21,505$17,040$13,398$10,466$3,178
22 years$25,410$20,074$15,705$12,182$9,381$2,655
23 years$24,048$18,775$14,500$11,094$8,421$2,219
24 years$22,802$17,591$13,410$10,119$7,569$1,857
25 years$21,656$16,508$12,421$9,241$6,811$1,554
26 years$20,601$15,515$11,520$8,449$6,135$1,301
27 years$19,626$14,601$10,697$7,734$5,531$1,090
28 years$18,722$13,759$9,944$7,086$4,991$913
29 years$17,882$12,980$9,254$6,498$4,507$765
30 years$17,099$12,258$8,620$5,964$4,072$641
31 years$16,368$11,588$8,036$5,477$3,682$537
32 years$15,684$10,964$7,498$5,034$3,330$450
33 years$15,043$10,383$7,001$4,629$3,014$378
34 years$14,441$9,841$6,541$4,259$2,729$317
35 years$13,875$9,334$6,115$3,921$2,471$266
36 years$13,341$8,860$5,721$3,611$2,239$223
37 years$12,837$8,415$5,354$3,327$2,030$187
38 years$12,361$7,997$5,014$3,066$1,840$157
39 years$11,911$7,604$4,698$2,827$1,669$131
40 years$11,484$7,235$4,403$2,608$1,513$110
41 years$11,079$6,887$4,129$2,406$1,373$92
42 years$10,694$6,559$3,873$2,221$1,246$78
43 years$10,329$6,249$3,634$2,050$1,131$65
44 years$9,980$5,957$3,411$1,893$1,026$55
45 years$9,649$5,680$3,203$1,748$932$46
46 years$9,332$5,419$3,009$1,615$846$38
47 years$9,030$5,171$2,826$1,492$768$32
48 years$8,741$4,937$2,656$1,378$698$27
49 years$8,465$4,714$2,497$1,274$634$23
50 years$8,201$4,503$2,347$1,177$575$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 52 starting with $8,400,000, adding $2,696 every year, while hoping to spend $23,370 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: 80/5/15 Blend
51$8,400,000$8,400,000$8,400,000$8,400,000
52$9,259,581$8,814,381$8,684,181$9,971,578
53$10,179,193$9,221,420$8,950,235$10,847,365
54$11,191,822$9,647,621$9,224,420$11,805,028
55$12,306,931$10,093,898$9,506,981$12,855,391
56$13,534,948$10,561,209$9,798,175$14,007,738
57$14,887,362$11,050,558$10,098,264$15,272,291
58$16,376,837$11,562,999$10,407,519$16,660,311
59$18,017,323$12,099,635$10,726,220$18,184,198
60$19,824,196$12,661,622$11,054,654$19,857,613
61$21,814,396$13,250,174$11,393,117$21,695,600
62$24,006,593$13,866,561$11,741,915$23,714,732
63$26,421,358$14,512,116$12,101,362$25,933,264
64$29,081,362$15,188,234$12,471,783$28,371,305
65$32,011,584$15,896,381$12,853,511$31,051,006
66$35,239,552$16,638,090$13,246,890$33,996,771
67$38,795,601$17,414,971$13,652,275$37,235,480
68$42,713,158$18,228,710$14,070,032$40,796,749
69$47,029,058$19,081,075$14,500,536$44,713,204
70$51,783,894$19,973,920$14,944,176$49,020,786
71$57,022,395$20,909,186$15,401,350$53,759,096
72$62,793,855$21,888,912$15,872,471$58,971,759
73$69,152,593$22,915,233$16,357,963$64,706,841
74$76,158,464$23,990,387$16,858,262$71,017,298
75$83,877,433$25,116,721$17,373,819$77,961,475
76$92,382,186$26,296,695$17,905,098$85,603,655
77$101,752,826$27,532,891$18,452,575$94,014,665
78$112,077,623$28,828,010$19,016,745$103,272,542
79$123,453,848$30,184,890$19,598,113$113,463,268
80$135,988,693$31,606,503$20,197,203$124,681,582
81$149,800,284$33,095,965$20,814,553$137,031,868
82$165,018,790$34,656,544$21,450,717$150,629,143
83$181,787,658$36,291,667$22,106,268$165,600,137
84$200,264,964$38,004,924$22,781,794$182,084,491
85$220,624,908$39,800,082$23,477,901$200,236,070
86$243,059,452$41,681,090$24,195,214$220,224,413
87$267,780,141$43,652,088$24,934,378$242,236,334
88$295,020,091$45,717,416$25,696,055$266,477,679
89$325,036,197$47,881,626$26,480,930$293,175,273
90$358,111,553$50,149,490$27,289,706$322,579,050
91$394,558,129$52,526,012$28,123,108$354,964,418
92$434,719,709$55,016,438$28,981,883$390,634,849
93$478,975,146$57,626,270$29,866,803$429,924,745
94$527,741,929$60,361,275$30,778,658$473,202,594
95$581,480,130$63,227,502$31,718,268$520,874,437
96$640,696,746$66,231,292$32,686,473$573,387,708
97$705,950,485$69,379,297$33,684,141$631,235,445
98$777,857,039$72,678,487$34,712,164$694,960,948
99$857,094,899$76,136,175$35,771,464$765,162,901
100$944,411,760$79,760,028$36,862,988$842,501,020