Can I retire at age 54 with 313,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $313,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$25,847$25,617$25,392$25,173$24,959$24,045
2 years$12,796$12,557$12,326$12,102$11,885$10,974
3 years$8,446$8,206$7,976$7,754$7,541$6,662
4 years$6,271$6,033$5,804$5,586$5,378$4,538
5 years$4,967$4,730$4,505$4,291$4,088$3,289
6 years$4,097$3,862$3,640$3,431$3,235$2,477
7 years$3,477$3,243$3,025$2,821$2,631$1,914
8 years$3,011$2,780$2,566$2,367$2,183$1,506
9 years$2,650$2,421$2,210$2,016$1,838$1,202
10 years$2,361$2,134$1,926$1,738$1,566$968
11 years$2,124$1,899$1,696$1,512$1,347$786
12 years$1,927$1,705$1,505$1,326$1,167$643
13 years$1,761$1,541$1,345$1,171$1,018$528
14 years$1,618$1,400$1,208$1,040$892$435
15 years$1,495$1,279$1,091$927$786$360
16 years$1,387$1,174$989$830$694$298
17 years$1,292$1,081$900$746$616$248
18 years$1,207$999$822$672$547$206
19 years$1,132$926$752$607$488$172
20 years$1,064$860$690$550$436$144
21 years$1,002$801$635$499$390$120
22 years$947$748$585$454$350$100
23 years$896$700$540$413$314$84
24 years$850$655$500$377$282$70
25 years$807$615$463$344$254$59
26 years$768$578$429$315$229$49
27 years$731$544$399$288$206$41
28 years$698$513$371$264$186$35
29 years$666$484$345$242$168$29
30 years$637$457$321$222$152$24
31 years$610$432$299$204$137$20
32 years$584$409$279$188$124$17
33 years$561$387$261$172$112$14
34 years$538$367$244$159$102$12
35 years$517$348$228$146$92$10
36 years$497$330$213$135$83$9
37 years$478$314$200$124$76$7
38 years$461$298$187$114$69$6
39 years$444$283$175$105$62$5
40 years$428$270$164$97$56$4
41 years$413$257$154$90$51$4
42 years$398$244$144$83$46$3
43 years$385$233$135$76$42$3
44 years$372$222$127$71$38$2
45 years$360$212$119$65$35$2
46 years$348$202$112$60$32$1
47 years$336$193$105$56$29$1
48 years$326$184$99$51$26$1
49 years$315$176$93$47$24$1
50 years$306$168$87$44$21$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $313,000, adding $3,882 every year, while hoping to spend $24,646 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: 90/5/5 Blend
53$313,000$313,000$313,000$313,000
54$348,930$332,341$327,490$380,039
55$358,298$322,403$312,238$390,920
56$367,795$311,151$295,648$398,972
57$377,409$298,497$277,651$406,995
58$387,125$284,343$258,172$414,966
59$396,925$268,589$237,135$422,859
60$406,789$251,128$214,457$430,645
61$416,695$231,847$190,055$438,290
62$426,617$210,626$163,840$445,758
63$436,524$187,339$135,721$453,008
64$446,383$161,852$105,601$459,994
65$456,156$134,025$73,381$466,667
66$465,799$103,707$38,954$472,970
67$475,264$70,742$2,213$478,841
68$484,496$34,963$0$484,212
69$493,433$0$0$490,979
70$502,007$0$0$497,548
71$510,140$0$0$505,604
72$517,746$0$0$513,136
73$524,728$0$0$520,049
74$530,978$0$0$526,237
75$536,378$0$0$531,580
76$540,792$0$0$535,945
77$544,071$0$0$539,185
78$546,051$0$0$541,135
79$546,548$0$0$541,613
80$545,356$0$0$540,417
81$542,249$0$0$537,321
82$536,975$0$0$532,075
83$529,254$0$0$524,402
84$518,778$0$0$513,995
85$505,202$0$0$500,514
86$488,148$0$0$483,582
87$467,193$0$0$462,782
88$441,872$0$0$437,650
89$411,670$0$0$407,677
90$376,017$0$0$372,297
91$334,281$0$0$330,883
92$285,764$0$0$282,744
93$229,698$0$0$227,115
94$165,227$0$0$163,152
95$91,413$0$0$89,920
96$7,213$0$0$6,387
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0