Can I retire at age 54 with 291,000?

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 $291,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$24,031$23,816$23,608$23,404$23,205$22,302
2 years$11,896$11,675$11,460$11,252$11,050$10,151
3 years$7,852$7,630$7,415$7,209$7,010$6,144
4 years$5,830$5,609$5,397$5,194$5,000$4,173
5 years$4,618$4,397$4,188$3,989$3,801$3,015
6 years$3,809$3,591$3,384$3,190$3,008$2,263
7 years$3,232$3,015$2,812$2,623$2,446$1,743
8 years$2,800$2,585$2,385$2,200$2,029$1,367
9 years$2,463$2,250$2,054$1,874$1,709$1,086
10 years$2,195$1,984$1,791$1,616$1,456$872
11 years$1,975$1,766$1,577$1,406$1,252$705
12 years$1,792$1,585$1,399$1,233$1,085$574
13 years$1,637$1,432$1,250$1,089$946$470
14 years$1,504$1,302$1,123$967$829$385
15 years$1,390$1,189$1,014$862$730$317
16 years$1,289$1,091$920$772$645$262
17 years$1,201$1,005$837$693$572$217
18 years$1,122$929$764$625$509$180
19 years$1,052$861$699$565$454$149
20 years$989$800$642$511$405$124
21 years$932$745$590$464$363$103
22 years$880$695$544$422$325$86
23 years$833$650$502$384$292$71
24 years$790$609$465$351$262$59
25 years$750$572$430$320$236$50
26 years$714$537$399$293$213$41
27 years$680$506$371$268$192$34
28 years$649$477$344$245$173$29
29 years$619$450$321$225$156$24
30 years$592$425$299$207$141$20
31 years$567$401$278$190$128$17
32 years$543$380$260$174$115$14
33 years$521$360$243$160$104$12
34 years$500$341$227$148$95$10
35 years$481$323$212$136$86$8
36 years$462$307$198$125$78$7
37 years$445$292$185$115$70$6
38 years$428$277$174$106$64$5
39 years$413$263$163$98$58$4
40 years$398$251$153$90$52$3
41 years$384$239$143$83$48$3
42 years$370$227$134$77$43$2
43 years$358$216$126$71$39$2
44 years$346$206$118$66$36$2
45 years$334$197$111$61$32$1
46 years$323$188$104$56$29$1
47 years$313$179$98$52$27$1
48 years$303$171$92$48$24$1
49 years$293$163$86$44$22$1
50 years$284$156$81$41$20$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $291,000, adding $3,886 every year, while hoping to spend $20,325 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: 46/30/24 Blend
53$291,000$291,000$291,000$291,000
54$324,690$309,267$304,757$337,231
55$336,183$302,796$293,341$339,974
56$348,167$295,326$280,861$340,651
57$360,671$286,787$267,260$340,977
58$373,725$277,106$252,479$340,932
59$387,363$266,202$236,455$340,491
60$401,620$253,993$219,123$339,631
61$416,537$240,390$200,415$338,327
62$432,155$225,300$180,260$336,553
63$448,519$208,624$158,583$334,283
64$465,679$190,258$135,307$331,489
65$483,690$170,092$110,351$328,145
66$502,608$148,008$83,630$324,223
67$522,498$123,884$55,055$319,692
68$543,428$97,590$24,535$314,526
69$565,474$68,988$0$308,695
70$588,717$37,933$0$304,227
71$613,245$4,271$0$305,874
72$639,157$0$0$307,346
73$666,558$0$0$319,256
74$695,563$0$0$333,373
75$726,299$0$0$348,348
76$758,903$0$0$364,251
77$793,526$0$0$381,158
78$830,332$0$0$399,151
79$869,503$0$0$418,322
80$911,236$0$0$438,770
81$955,746$0$0$460,604
82$1,003,270$0$0$483,942
83$1,054,068$0$0$508,917
84$1,108,424$0$0$535,671
85$1,166,649$0$0$564,361
86$1,229,087$0$0$595,160
87$1,296,111$0$0$628,257
88$1,368,134$0$0$663,861
89$1,445,608$0$0$702,199
90$1,529,029$0$0$743,523
91$1,618,942$0$0$788,107
92$1,715,945$0$0$836,254
93$1,820,697$0$0$888,296
94$1,933,919$0$0$944,600
95$2,056,407$0$0$1,005,565
96$2,189,033$0$0$1,071,635
97$2,332,758$0$0$1,143,294
98$2,488,637$0$0$1,221,076
99$2,657,830$0$0$1,305,569
100$2,841,614$0$0$1,397,418