Can I retire at age 52 with 2,960,000?

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 $2,960,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$244,434$242,257$240,132$238,059$236,035$234,351
2 years$121,007$118,753$116,569$114,451$112,397$110,699
3 years$79,870$77,607$75,428$73,330$71,310$69,650
4 years$59,306$57,049$54,892$52,830$50,859$49,250
5 years$46,970$44,727$42,599$40,579$38,662$37,110
6 years$38,749$36,523$34,426$32,451$30,592$29,098
7 years$32,879$30,672$28,608$26,680$24,879$23,444
8 years$28,479$26,292$24,262$22,381$20,640$19,263
9 years$25,058$22,892$20,897$19,064$17,382$16,063
10 years$22,323$20,178$18,218$16,433$14,810$13,549
11 years$20,087$17,963$16,039$14,302$12,737$11,533
12 years$18,225$16,123$14,234$12,545$11,038$9,889
13 years$16,650$14,570$12,717$11,075$9,625$8,531
14 years$15,302$13,244$11,427$9,831$8,437$7,397
15 years$14,135$12,099$10,317$8,768$7,429$6,440
16 years$13,114$11,100$9,354$7,850$6,566$5,627
17 years$12,214$10,223$8,511$7,054$5,822$4,931
18 years$11,416$9,446$7,770$6,357$5,176$4,333
19 years$10,702$8,755$7,113$5,744$4,614$3,816
20 years$10,060$8,135$6,528$5,202$4,121$3,367
21 years$9,480$7,578$6,004$4,721$3,688$2,976
22 years$8,954$7,074$5,534$4,293$3,306$2,635
23 years$8,474$6,616$5,110$3,909$2,967$2,335
24 years$8,035$6,199$4,726$3,566$2,667$2,072
25 years$7,631$5,817$4,377$3,256$2,400$1,841
26 years$7,260$5,467$4,059$2,977$2,162$1,636
27 years$6,916$5,145$3,769$2,725$1,949$1,456
28 years$6,597$4,848$3,504$2,497$1,759$1,296
29 years$6,301$4,574$3,261$2,290$1,588$1,155
30 years$6,025$4,319$3,037$2,101$1,435$1,029
31 years$5,768$4,083$2,832$1,930$1,297$918
32 years$5,527$3,864$2,642$1,774$1,173$819
33 years$5,301$3,659$2,467$1,631$1,062$731
34 years$5,089$3,468$2,305$1,501$962$652
35 years$4,889$3,289$2,155$1,382$871$583
36 years$4,701$3,122$2,016$1,272$789$520
37 years$4,524$2,965$1,887$1,172$715$465
38 years$4,356$2,818$1,767$1,081$648$415
39 years$4,197$2,680$1,655$996$588$371
40 years$4,047$2,549$1,552$919$533$332
41 years$3,904$2,427$1,455$848$484$297
42 years$3,769$2,311$1,365$782$439$265
43 years$3,640$2,202$1,281$722$398$237
44 years$3,517$2,099$1,202$667$362$212
45 years$3,400$2,002$1,129$616$328$190
46 years$3,288$1,909$1,060$569$298$170
47 years$3,182$1,822$996$526$271$152
48 years$3,080$1,740$936$486$246$136
49 years$2,983$1,661$880$449$223$122
50 years$2,890$1,587$827$415$203$109

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 52 starting with $2,960,000, adding $2,953 every year, while hoping to spend $36,614 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: 51/28/21 Blend
51$2,960,000$2,960,000$2,960,000$2,960,000
52$3,264,966$3,108,086$3,062,206$3,412,267
53$3,559,036$3,221,425$3,125,833$3,627,696
54$3,881,873$3,339,091$3,190,364$3,857,793
55$4,236,374$3,461,256$3,255,791$4,107,204
56$4,625,729$3,588,102$3,322,105$4,377,774
57$5,053,451$3,719,817$3,389,293$4,671,530
58$5,523,411$3,856,596$3,457,342$4,990,702
59$6,039,874$3,998,645$3,526,239$5,337,744
60$6,607,538$4,146,176$3,595,965$5,715,356
61$7,231,580$4,299,411$3,666,502$6,126,508
62$7,917,701$4,458,582$3,737,830$6,574,469
63$8,672,184$4,623,930$3,809,925$7,062,835
64$9,501,951$4,795,707$3,882,762$7,595,564
65$10,414,628$4,974,174$3,956,312$8,177,015
66$11,418,618$5,159,607$4,030,546$8,811,984
67$12,523,178$5,352,289$4,105,431$9,505,749
68$13,738,509$5,552,517$4,180,930$10,264,125
69$15,075,850$5,760,604$4,257,004$11,093,509
70$16,547,583$5,976,870$4,333,610$12,000,948
71$18,167,355$6,201,655$4,410,704$12,994,199
72$19,950,199$6,435,310$4,488,236$14,081,805
73$21,912,680$6,678,201$4,566,154$15,273,173
74$24,073,053$6,930,713$4,644,399$16,578,661
75$26,451,431$7,193,243$4,722,913$18,009,679
76$29,069,974$7,466,210$4,801,628$19,578,789
77$31,953,106$7,750,048$4,880,477$21,299,831
78$35,127,733$8,045,211$4,959,383$23,188,044
79$38,623,508$8,352,172$5,038,268$25,260,214
80$42,473,103$8,671,426$5,117,048$27,534,833
81$46,712,522$9,003,489$5,195,631$30,032,266
82$51,381,437$9,348,897$5,273,923$32,774,948
83$56,523,565$9,708,215$5,351,821$35,787,592
84$62,187,078$10,082,027$5,429,217$39,097,420
85$68,425,061$10,470,947$5,505,996$42,734,422
86$75,296,007$10,875,613$5,582,036$46,731,634
87$82,864,374$11,296,693$5,657,209$51,125,451
88$91,201,193$11,734,883$5,731,378$55,955,968
89$100,384,733$12,190,912$5,804,398$61,267,359
90$110,501,247$12,665,537$5,876,117$67,108,287
91$121,645,779$13,159,554$5,946,372$73,532,368
92$133,923,066$13,673,789$6,014,992$80,598,674
93$147,448,522$14,209,109$6,081,798$88,372,284
94$162,349,333$14,766,416$6,146,600$96,924,902
95$178,765,649$15,346,655$6,209,195$106,335,532
96$196,851,915$15,950,811$6,269,373$116,691,217
97$216,778,324$16,579,914$6,326,911$128,087,864
98$238,732,423$17,235,040$6,381,572$140,631,143
99$262,920,885$17,917,312$6,433,110$154,437,486
100$289,571,460$18,627,905$6,481,264$169,635,181