Can I retire at age 54 with 307,000?

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 $307,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$25,352$25,126$24,906$24,691$24,481$23,879
2 years$12,550$12,317$12,090$11,870$11,657$11,055
3 years$8,284$8,049$7,823$7,606$7,396$6,812
4 years$6,151$5,917$5,693$5,479$5,275$4,713
5 years$4,872$4,639$4,418$4,209$4,010$3,472
6 years$4,019$3,788$3,571$3,366$3,173$2,660
7 years$3,410$3,181$2,967$2,767$2,580$2,092
8 years$2,954$2,727$2,516$2,321$2,141$1,677
9 years$2,599$2,374$2,167$1,977$1,803$1,363
10 years$2,315$2,093$1,890$1,704$1,536$1,120
11 years$2,083$1,863$1,664$1,483$1,321$928
12 years$1,890$1,672$1,476$1,301$1,145$774
13 years$1,727$1,511$1,319$1,149$998$649
14 years$1,587$1,374$1,185$1,020$875$547
15 years$1,466$1,255$1,070$909$770$462
16 years$1,360$1,151$970$814$681$392
17 years$1,267$1,060$883$732$604$333
18 years$1,184$980$806$659$537$284
19 years$1,110$908$738$596$479$242
20 years$1,043$844$677$540$427$207
21 years$983$786$623$490$382$177
22 years$929$734$574$445$343$152
23 years$879$686$530$405$308$130
24 years$833$643$490$370$277$112
25 years$791$603$454$338$249$96
26 years$753$567$421$309$224$82
27 years$717$534$391$283$202$71
28 years$684$503$363$259$182$61
29 years$654$474$338$237$165$52
30 years$625$448$315$218$149$45
31 years$598$424$294$200$135$39
32 years$573$401$274$184$122$33
33 years$550$379$256$169$110$29
34 years$528$360$239$156$100$25
35 years$507$341$223$143$90$21
36 years$488$324$209$132$82$18
37 years$469$308$196$122$74$16
38 years$452$292$183$112$67$14
39 years$435$278$172$103$61$12
40 years$420$264$161$95$55$10
41 years$405$252$151$88$50$9
42 years$391$240$142$81$46$8
43 years$377$228$133$75$41$6
44 years$365$218$125$69$38$6
45 years$353$208$117$64$34$5
46 years$341$198$110$59$31$4
47 years$330$189$103$55$28$4
48 years$319$180$97$50$25$3
49 years$309$172$91$47$23$3
50 years$300$165$86$43$21$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $307,000, adding $5,642 every year, while hoping to spend $21,141 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: 47/43/10 Blend
53$307,000$307,000$307,000$307,000
54$344,134$327,863$323,104$359,101
55$356,742$321,434$311,434$363,574
56$369,927$313,982$298,665$365,774
57$383,726$305,434$284,737$367,678
58$398,179$295,713$269,588$369,268
59$413,328$284,738$253,155$370,522
60$429,221$272,423$235,369$371,419
61$445,907$258,677$216,159$371,935
62$463,441$243,405$195,452$372,050
63$481,884$226,503$173,172$371,739
64$501,300$207,866$149,237$370,981
65$521,760$187,378$123,563$369,751
66$543,340$164,921$96,063$368,026
67$566,125$140,366$66,646$365,783
68$590,206$113,580$35,215$362,999
69$615,682$84,421$1,670$359,652
70$642,664$52,740$0$355,719
71$671,269$18,377$0$354,822
72$701,629$0$0$353,726
73$733,884$0$0$361,158
74$768,191$0$0$378,330
75$804,721$0$0$396,634
76$843,658$0$0$416,167
77$885,209$0$0$437,032
78$929,596$0$0$459,346
79$977,064$0$0$483,235
80$1,027,882$0$0$508,836
81$1,082,345$0$0$536,303
82$1,140,777$0$0$565,802
83$1,203,531$0$0$597,516
84$1,270,998$0$0$631,646
85$1,343,605$0$0$668,413
86$1,421,822$0$0$708,058
87$1,506,163$0$0$750,848
88$1,597,195$0$0$797,076
89$1,695,541$0$0$847,063
90$1,801,884$0$0$901,162
91$1,916,976$0$0$959,761
92$2,041,644$0$0$1,023,288
93$2,176,795$0$0$1,092,212
94$2,323,429$0$0$1,167,050
95$2,482,645$0$0$1,248,370
96$2,655,652$0$0$1,336,796
97$2,843,777$0$0$1,433,015
98$3,048,485$0$0$1,537,785
99$3,271,385$0$0$1,651,937
100$3,514,246$0$0$1,776,388