Can I retire at age 54 with 277,000?

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 $277,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$22,874$22,671$22,472$22,278$22,088$21,949
2 years$11,324$11,113$10,909$10,710$10,518$10,378
3 years$7,474$7,263$7,059$6,862$6,673$6,536
4 years$5,550$5,339$5,137$4,944$4,759$4,626
5 years$4,396$4,186$3,986$3,797$3,618$3,490
6 years$3,626$3,418$3,222$3,037$2,863$2,739
7 years$3,077$2,870$2,677$2,497$2,328$2,209
8 years$2,665$2,460$2,270$2,094$1,931$1,817
9 years$2,345$2,142$1,956$1,784$1,627$1,517
10 years$2,089$1,888$1,705$1,538$1,386$1,281
11 years$1,880$1,681$1,501$1,338$1,192$1,092
12 years$1,706$1,509$1,332$1,174$1,033$938
13 years$1,558$1,363$1,190$1,036$901$810
14 years$1,432$1,239$1,069$920$790$703
15 years$1,323$1,132$965$820$695$613
16 years$1,227$1,039$875$735$614$536
17 years$1,143$957$797$660$545$471
18 years$1,068$884$727$595$484$414
19 years$1,001$819$666$538$432$365
20 years$941$761$611$487$386$323
21 years$887$709$562$442$345$286
22 years$838$662$518$402$309$253
23 years$793$619$478$366$278$225
24 years$752$580$442$334$250$200
25 years$714$544$410$305$225$178
26 years$679$512$380$279$202$158
27 years$647$481$353$255$182$141
28 years$617$454$328$234$165$126
29 years$590$428$305$214$149$112
30 years$564$404$284$197$134$100
31 years$540$382$265$181$121$89
32 years$517$362$247$166$110$80
33 years$496$342$231$153$99$71
34 years$476$325$216$140$90$64
35 years$458$308$202$129$81$57
36 years$440$292$189$119$74$51
37 years$423$277$177$110$67$46
38 years$408$264$165$101$61$41
39 years$393$251$155$93$55$37
40 years$379$239$145$86$50$33
41 years$365$227$136$79$45$29
42 years$353$216$128$73$41$26
43 years$341$206$120$68$37$24
44 years$329$196$112$62$34$21
45 years$318$187$106$58$31$19
46 years$308$179$99$53$28$17
47 years$298$171$93$49$25$15
48 years$288$163$88$45$23$14
49 years$279$155$82$42$21$12
50 years$270$148$77$39$19$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $277,000, adding $2,124 every year, while hoping to spend $21,232 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: 44/43/13 Blend
53$277,000$277,000$277,000$277,000
54$307,445$292,764$288,470$319,734
55$316,214$284,519$275,543$320,272
56$325,165$275,158$261,472$318,550
57$334,296$264,604$246,195$316,216
58$343,600$252,776$229,649$313,222
59$353,073$239,588$211,768$309,519
60$362,707$224,948$192,482$305,052
61$372,492$208,759$171,719$299,763
62$382,418$190,920$149,403$293,591
63$392,472$171,323$125,456$286,472
64$402,640$149,853$99,795$278,334
65$412,904$126,391$72,333$269,104
66$423,245$100,809$42,981$258,703
67$433,639$72,972$11,644$247,047
68$444,062$42,739$0$234,046
69$454,482$9,960$0$222,628
70$464,867$0$0$211,587
71$475,178$0$0$211,291
72$485,372$0$0$215,631
73$495,400$0$0$219,873
74$505,208$0$0$223,988
75$514,733$0$0$227,945
76$523,906$0$0$231,712
77$532,650$0$0$235,248
78$540,878$0$0$238,513
79$548,493$0$0$241,457
80$555,387$0$0$244,028
81$561,439$0$0$246,167
82$566,514$0$0$247,807
83$570,464$0$0$248,875
84$573,120$0$0$249,289
85$574,297$0$0$248,959
86$573,791$0$0$247,784
87$571,372$0$0$245,652
88$566,786$0$0$242,440
89$559,752$0$0$238,009
90$549,958$0$0$232,208
91$537,058$0$0$224,868
92$520,669$0$0$215,801
93$500,366$0$0$204,802
94$475,680$0$0$191,641
95$446,091$0$0$176,065
96$411,024$0$0$157,794
97$369,841$0$0$136,519
98$321,840$0$0$111,895
99$266,243$0$0$83,546
100$202,189$0$0$51,053