Can I retire at age 52 with 2,970,000?

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 $2,970,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$245,260$243,075$240,944$238,863$236,832$227,795
2 years$121,416$119,154$116,963$114,838$112,777$103,779
3 years$80,140$77,869$75,683$73,578$71,550$62,874
4 years$59,506$57,242$55,078$53,009$51,030$42,742
5 years$47,129$44,878$42,743$40,716$38,792$30,914
6 years$38,880$36,646$34,542$32,561$30,695$23,231
7 years$32,990$30,776$28,705$26,770$24,963$17,912
8 years$28,575$26,380$24,344$22,457$20,710$14,063
9 years$25,143$22,969$20,967$19,128$17,440$11,190
10 years$22,399$20,246$18,280$16,489$14,860$8,995
11 years$20,155$18,024$16,093$14,350$12,780$7,286
12 years$18,286$16,177$14,282$12,587$11,075$5,938
13 years$16,707$14,619$12,760$11,112$9,658$4,863
14 years$15,354$13,289$11,465$9,864$8,466$3,998
15 years$14,182$12,139$10,352$8,797$7,454$3,297
16 years$13,158$11,138$9,385$7,877$6,588$2,726
17 years$12,256$10,257$8,540$7,077$5,841$2,259
18 years$11,454$9,478$7,796$6,378$5,194$1,875
19 years$10,738$8,784$7,137$5,763$4,629$1,558
20 years$10,094$8,163$6,550$5,220$4,135$1,296
21 years$9,512$7,603$6,025$4,737$3,700$1,080
22 years$8,984$7,098$5,553$4,307$3,317$900
23 years$8,503$6,638$5,127$3,923$2,977$751
24 years$8,062$6,220$4,742$3,578$2,676$626
25 years$7,657$5,837$4,392$3,267$2,408$523
26 years$7,284$5,486$4,073$2,987$2,169$437
27 years$6,939$5,163$3,782$2,735$1,956$365
28 years$6,619$4,865$3,516$2,505$1,765$305
29 years$6,322$4,589$3,272$2,298$1,593$255
30 years$6,046$4,334$3,048$2,109$1,440$213
31 years$5,787$4,097$2,841$1,937$1,302$178
32 years$5,545$3,877$2,651$1,780$1,177$149
33 years$5,319$3,671$2,475$1,637$1,066$125
34 years$5,106$3,480$2,313$1,506$965$104
35 years$4,906$3,300$2,162$1,386$874$87
36 years$4,717$3,132$2,023$1,277$792$73
37 years$4,539$2,975$1,893$1,176$718$61
38 years$4,371$2,827$1,773$1,084$651$51
39 years$4,211$2,689$1,661$1,000$590$43
40 years$4,060$2,558$1,557$922$535$36
41 years$3,917$2,435$1,460$851$485$30
42 years$3,781$2,319$1,369$785$441$25
43 years$3,652$2,210$1,285$725$400$21
44 years$3,529$2,106$1,206$669$363$18
45 years$3,411$2,008$1,133$618$329$15
46 years$3,300$1,916$1,064$571$299$12
47 years$3,193$1,828$999$527$272$10
48 years$3,091$1,745$939$487$247$9
49 years$2,993$1,667$883$450$224$7
50 years$2,900$1,592$830$416$203$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 52 starting with $2,970,000, adding $2,322 every year, while hoping to spend $26,152 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: 29/47/24 Blend
51$2,970,000$2,970,000$2,970,000$2,970,000
52$3,275,335$3,117,925$3,071,890$3,345,769
53$3,581,594$3,242,878$3,146,973$3,525,705
54$3,918,214$3,373,077$3,223,695$3,716,557
55$4,288,266$3,508,752$3,302,082$3,921,208
56$4,695,130$3,650,142$3,382,163$4,140,863
57$5,142,533$3,797,498$3,463,965$4,376,843
58$5,634,578$3,951,082$3,547,515$4,630,597
59$6,175,789$4,111,169$3,632,840$4,903,711
60$6,771,147$4,278,044$3,719,968$5,197,925
61$7,426,143$4,452,007$3,808,925$5,515,148
62$8,146,825$4,633,370$3,899,740$5,857,475
63$8,939,858$4,822,462$3,992,438$6,227,204
64$9,812,584$5,019,624$4,087,046$6,626,856
65$10,773,097$5,225,214$4,183,590$7,059,200
66$11,830,309$5,439,607$4,282,098$7,527,277
67$12,994,046$5,663,193$4,382,593$8,034,425
68$14,275,131$5,896,381$4,485,102$8,584,311
69$15,685,490$6,139,600$4,589,649$9,180,965
70$17,238,267$6,393,297$4,696,259$9,828,812
71$18,947,942$6,657,940$4,804,955$10,532,718
72$20,830,472$6,934,019$4,915,761$11,298,029
73$22,903,440$7,222,046$5,028,699$12,130,623
74$25,186,221$7,522,556$5,143,790$13,036,961
75$27,700,164$7,836,110$5,261,056$14,024,147
76$30,468,796$8,163,295$5,380,516$15,099,994
77$33,518,039$8,504,722$5,502,190$16,273,094
78$36,876,460$8,861,034$5,626,094$17,552,895
79$40,575,536$9,232,903$5,752,246$18,949,795
80$44,649,955$9,621,029$5,880,661$20,475,227
81$49,137,940$10,026,149$6,011,352$22,141,773
82$54,081,611$10,449,032$6,144,333$23,963,276
83$59,527,382$10,890,480$6,279,615$25,954,969
84$65,526,398$11,351,338$6,417,206$28,133,614
85$72,135,022$11,832,484$6,557,113$30,517,660
86$79,415,361$12,334,843$6,699,343$33,127,410
87$87,435,856$12,859,378$6,843,899$35,985,215
88$96,271,924$13,407,099$6,990,781$39,115,674
89$106,006,677$13,979,063$7,139,988$42,545,868
90$116,731,697$14,576,376$7,291,517$46,305,611
91$128,547,908$15,200,197$7,445,361$50,427,725
92$141,566,525$15,851,736$7,601,510$54,948,347
93$155,910,102$16,532,263$7,759,953$59,907,265
94$171,713,693$17,243,105$7,920,672$65,348,292
95$189,126,125$17,985,652$8,083,650$71,319,670
96$208,311,401$18,761,359$8,248,863$77,874,522
97$229,450,248$19,571,750$8,416,284$85,071,351
98$252,741,827$20,418,420$8,585,883$92,974,583
99$278,405,608$21,303,037$8,757,625$101,655,170
100$306,683,445$22,227,350$8,931,470$111,191,257