Can I retire at age 54 with 317,000?

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 $317,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$26,178$25,944$25,717$25,495$25,278$25,087
2 years$12,959$12,718$12,484$12,257$12,037$11,845
3 years$8,554$8,311$8,078$7,853$7,637$7,449
4 years$6,351$6,110$5,879$5,658$5,447$5,265
5 years$5,030$4,790$4,562$4,346$4,140$3,965
6 years$4,150$3,911$3,687$3,475$3,276$3,107
7 years$3,521$3,285$3,064$2,857$2,664$2,502
8 years$3,050$2,816$2,598$2,397$2,210$2,055
9 years$2,684$2,452$2,238$2,042$1,861$1,712
10 years$2,391$2,161$1,951$1,760$1,586$1,443
11 years$2,151$1,924$1,718$1,532$1,364$1,228
12 years$1,952$1,727$1,524$1,343$1,182$1,052
13 years$1,783$1,560$1,362$1,186$1,031$907
14 years$1,639$1,418$1,224$1,053$904$786
15 years$1,514$1,296$1,105$939$796$684
16 years$1,404$1,189$1,002$841$703$597
17 years$1,308$1,095$912$755$623$523
18 years$1,223$1,012$832$681$554$459
19 years$1,146$938$762$615$494$404
20 years$1,077$871$699$557$441$356
21 years$1,015$812$643$506$395$315
22 years$959$758$593$460$354$278
23 years$908$709$547$419$318$247
24 years$860$664$506$382$286$219
25 years$817$623$469$349$257$194
26 years$777$585$435$319$232$172
27 years$741$551$404$292$209$153
28 years$707$519$375$267$188$136
29 years$675$490$349$245$170$121
30 years$645$463$325$225$154$108
31 years$618$437$303$207$139$96
32 years$592$414$283$190$126$86
33 years$568$392$264$175$114$77
34 years$545$371$247$161$103$68
35 years$524$352$231$148$93$61
36 years$503$334$216$136$85$54
37 years$484$318$202$126$77$49
38 years$466$302$189$116$69$43
39 years$449$287$177$107$63$39
40 years$433$273$166$98$57$35
41 years$418$260$156$91$52$31
42 years$404$248$146$84$47$28
43 years$390$236$137$77$43$25
44 years$377$225$129$71$39$22
45 years$364$214$121$66$35$20
46 years$352$204$114$61$32$18
47 years$341$195$107$56$29$16
48 years$330$186$100$52$26$14
49 years$319$178$94$48$24$13
50 years$310$170$89$44$22$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $317,000, adding $6,137 every year, while hoping to spend $22,408 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: 47/39/14 Blend
53$317,000$317,000$317,000$317,000
54$355,664$338,863$333,950$370,710
55$368,100$331,626$321,295$374,524
56$381,053$323,282$307,466$375,872
57$394,553$313,756$292,398$376,842
58$408,631$302,963$276,027$377,407
59$423,320$290,817$258,283$377,538
60$438,658$277,226$239,094$377,206
61$454,683$262,092$218,385$376,381
62$471,438$245,312$196,078$375,031
63$488,968$226,776$172,091$373,124
64$507,325$206,369$146,338$370,626
65$526,560$183,970$118,729$367,502
66$546,734$159,449$89,171$363,716
67$567,909$132,671$57,566$359,231
68$590,155$103,490$23,813$354,009
69$613,545$71,756$0$348,012
70$638,162$37,307$0$343,023
71$664,094$0$0$341,094
72$691,437$0$0$338,651
73$720,297$0$0$352,985
74$750,789$0$0$368,145
75$783,036$0$0$384,195
76$817,177$0$0$401,204
77$853,359$0$0$419,250
78$891,746$0$0$438,416
79$932,515$0$0$458,793
80$975,862$0$0$480,482
81$1,022,000$0$0$503,593
82$1,071,162$0$0$528,245
83$1,123,604$0$0$554,570
84$1,179,604$0$0$582,712
85$1,239,471$0$0$612,829
86$1,303,539$0$0$645,095
87$1,372,179$0$0$679,699
88$1,445,793$0$0$716,851
89$1,524,826$0$0$756,778
90$1,609,765$0$0$799,732
91$1,701,144$0$0$845,988
92$1,799,550$0$0$895,851
93$1,905,627$0$0$949,652
94$2,020,084$0$0$1,007,757
95$2,143,697$0$0$1,070,568
96$2,277,323$0$0$1,138,526
97$2,421,900$0$0$1,212,117
98$2,578,461$0$0$1,291,875
99$2,748,141$0$0$1,378,385
100$2,932,189$0$0$1,472,294