Can I retire at age 52 with 2,940,000?

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 $2,940,000?

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$242,782$240,620$238,510$236,451$234,440$225,763
2 years$120,189$117,951$115,782$113,678$111,638$102,994
3 years$79,330$77,082$74,918$72,835$70,828$62,489
4 years$58,905$56,664$54,521$52,473$50,515$42,544
5 years$46,653$44,425$42,311$40,305$38,401$30,819
6 years$38,487$36,276$34,193$32,232$30,385$23,198
7 years$32,657$30,465$28,415$26,500$24,711$17,917
8 years$28,287$26,114$24,098$22,230$20,500$14,093
9 years$24,889$22,737$20,756$18,935$17,264$11,235
10 years$22,172$20,041$18,095$16,322$14,710$9,047
11 years$19,951$17,842$15,931$14,205$12,651$7,343
12 years$18,102$16,014$14,138$12,460$10,963$5,997
13 years$16,538$14,472$12,632$11,000$9,560$4,921
14 years$15,199$13,154$11,349$9,765$8,380$4,054
15 years$14,039$12,017$10,247$8,708$7,379$3,351
16 years$13,025$11,025$9,290$7,797$6,521$2,776
17 years$12,132$10,154$8,454$7,006$5,782$2,305
18 years$11,338$9,383$7,717$6,314$5,141$1,918
19 years$10,629$8,696$7,065$5,705$4,583$1,597
20 years$9,992$8,080$6,484$5,167$4,093$1,332
21 years$9,416$7,527$5,964$4,689$3,663$1,112
22 years$8,893$7,026$5,497$4,264$3,283$929
23 years$8,417$6,571$5,075$3,883$2,947$777
24 years$7,981$6,157$4,694$3,542$2,649$650
25 years$7,580$5,778$4,347$3,234$2,384$544
26 years$7,210$5,430$4,032$2,957$2,147$455
27 years$6,869$5,110$3,744$2,707$1,936$381
28 years$6,553$4,816$3,480$2,480$1,747$319
29 years$6,259$4,543$3,239$2,274$1,577$268
30 years$5,985$4,290$3,017$2,087$1,425$224
31 years$5,729$4,056$2,813$1,917$1,289$188
32 years$5,489$3,838$2,624$1,762$1,166$158
33 years$5,265$3,634$2,450$1,620$1,055$132
34 years$5,054$3,444$2,289$1,491$955$111
35 years$4,856$3,267$2,140$1,372$865$93
36 years$4,669$3,101$2,002$1,264$784$78
37 years$4,493$2,945$1,874$1,164$710$65
38 years$4,327$2,799$1,755$1,073$644$55
39 years$4,169$2,661$1,644$990$584$46
40 years$4,019$2,532$1,541$913$530$39
41 years$3,878$2,410$1,445$842$481$32
42 years$3,743$2,296$1,356$777$436$27
43 years$3,615$2,187$1,272$717$396$23
44 years$3,493$2,085$1,194$662$359$19
45 years$3,377$1,988$1,121$612$326$16
46 years$3,266$1,897$1,053$565$296$13
47 years$3,161$1,810$989$522$269$11
48 years$3,060$1,728$930$482$244$9
49 years$2,963$1,650$874$446$222$8
50 years$2,870$1,576$821$412$201$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 52 starting with $2,940,000, adding $2,438 every year, while hoping to spend $35,875 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: 83/6/11 Blend
51$2,940,000$2,940,000$2,940,000$2,940,000
52$3,242,395$3,086,575$3,041,005$3,505,445
53$3,534,948$3,199,646$3,104,708$3,791,105
54$3,856,140$3,317,056$3,169,342$4,099,733
55$4,208,853$3,438,978$3,234,902$4,437,586
56$4,596,263$3,565,595$3,301,379$4,807,578
57$5,021,870$3,697,097$3,368,762$5,212,921
58$5,489,527$3,833,682$3,437,042$5,657,152
59$6,003,481$3,975,554$3,506,206$6,144,166
60$6,568,410$4,122,931$3,576,238$6,678,253
61$7,189,469$4,276,035$3,647,122$7,264,142
62$7,872,334$4,435,100$3,718,840$7,907,037
63$8,623,261$4,600,369$3,791,371$8,612,673
64$9,449,144$4,772,098$3,864,692$9,387,369
65$10,357,576$4,950,549$3,938,778$10,238,083
66$11,356,923$5,136,001$4,013,602$11,172,484
67$12,456,404$5,328,740$4,089,132$12,199,018
68$13,666,176$5,529,067$4,165,337$13,326,989
69$14,997,431$5,737,295$4,242,180$14,566,651
70$16,462,498$5,953,752$4,319,622$15,929,297
71$18,074,965$6,178,778$4,397,622$17,427,373
72$19,849,802$6,412,729$4,476,133$19,074,588
73$21,803,506$6,655,976$4,555,107$20,886,048
74$23,954,251$6,908,907$4,634,491$22,878,397
75$26,322,066$7,171,925$4,714,228$25,069,972
76$28,929,019$7,445,452$4,794,257$27,480,979
77$31,799,428$7,729,928$4,874,514$30,133,681
78$34,960,088$8,025,812$4,954,928$33,052,605
79$38,440,524$8,333,584$5,035,425$36,264,782
80$42,273,271$8,653,744$5,115,926$39,799,991
81$46,494,181$8,986,813$5,196,345$43,691,047
82$51,142,758$9,333,338$5,276,593$47,974,110
83$56,262,534$9,693,886$5,356,575$52,689,020
84$61,901,479$10,069,053$5,436,186$57,879,679
85$68,112,452$10,459,459$5,515,320$63,594,463
86$74,953,700$10,865,750$5,593,861$69,886,676
87$82,489,409$11,288,604$5,671,687$76,815,055
88$90,790,309$11,728,726$5,748,669$84,444,325
89$99,934,341$12,186,853$5,824,670$92,845,805
90$110,007,392$12,663,757$5,899,545$102,098,085
91$121,104,106$13,160,242$5,973,140$112,287,767
92$133,328,778$13,677,146$6,045,293$123,510,278
93$146,796,336$14,215,349$6,115,833$135,870,777
94$161,633,428$14,775,767$6,184,578$149,485,138
95$177,979,614$15,359,356$6,251,339$164,481,054
96$195,988,689$15,967,118$6,315,912$180,999,231
97$215,830,126$16,600,098$6,378,086$199,194,725
98$237,690,683$17,259,388$6,437,637$219,238,397
99$261,776,163$17,946,128$6,494,328$241,318,534
100$288,313,354$18,661,510$6,547,910$265,642,616