Can I retire at age 54 with 317,000?

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 $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%12.8%
1 years$26,178$25,944$25,717$25,495$25,278$24,983
2 years$12,959$12,718$12,484$12,257$12,037$11,740
3 years$8,554$8,311$8,078$7,853$7,637$7,347
4 years$6,351$6,110$5,879$5,658$5,447$5,166
5 years$5,030$4,790$4,562$4,346$4,140$3,871
6 years$4,150$3,911$3,687$3,475$3,276$3,017
7 years$3,521$3,285$3,064$2,857$2,664$2,416
8 years$3,050$2,816$2,598$2,397$2,210$1,973
9 years$2,684$2,452$2,238$2,042$1,861$1,634
10 years$2,391$2,161$1,951$1,760$1,586$1,370
11 years$2,151$1,924$1,718$1,532$1,364$1,158
12 years$1,952$1,727$1,524$1,343$1,182$986
13 years$1,783$1,560$1,362$1,186$1,031$845
14 years$1,639$1,418$1,224$1,053$904$727
15 years$1,514$1,296$1,105$939$796$628
16 years$1,404$1,189$1,002$841$703$545
17 years$1,308$1,095$912$755$623$474
18 years$1,223$1,012$832$681$554$413
19 years$1,146$938$762$615$494$361
20 years$1,077$871$699$557$441$316
21 years$1,015$812$643$506$395$277
22 years$959$758$593$460$354$243
23 years$908$709$547$419$318$214
24 years$860$664$506$382$286$188
25 years$817$623$469$349$257$166
26 years$777$585$435$319$232$146
27 years$741$551$404$292$209$129
28 years$707$519$375$267$188$114
29 years$675$490$349$245$170$100
30 years$645$463$325$225$154$89
31 years$618$437$303$207$139$78
32 years$592$414$283$190$126$69
33 years$568$392$264$175$114$61
34 years$545$371$247$161$103$54
35 years$524$352$231$148$93$48
36 years$503$334$216$136$85$42
37 years$484$318$202$126$77$38
38 years$466$302$189$116$69$33
39 years$449$287$177$107$63$29
40 years$433$273$166$98$57$26
41 years$418$260$156$91$52$23
42 years$404$248$146$84$47$20
43 years$390$236$137$77$43$18
44 years$377$225$129$71$39$16
45 years$364$214$121$66$35$14
46 years$352$204$114$61$32$13
47 years$341$195$107$56$29$11
48 years$330$186$100$52$26$10
49 years$319$178$94$48$24$9
50 years$310$170$89$44$22$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $317,000, adding $6,547 every year, while hoping to spend $20,442 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: 81/10/9 Blend
53$317,000$317,000$317,000$317,000
54$356,087$339,286$334,373$383,932
55$370,658$334,161$323,824$398,000
56$386,030$328,100$312,237$410,070
57$402,263$321,035$299,555$422,703
58$419,423$312,894$285,719$435,945
59$437,581$303,603$270,668$449,847
60$456,816$293,081$254,337$464,464
61$477,212$281,244$236,658$479,857
62$498,864$268,001$217,563$496,093
63$521,873$253,258$196,976$513,247
64$546,351$236,915$174,821$531,401
65$572,420$218,865$151,019$550,645
66$600,214$198,996$125,485$571,080
67$629,879$177,190$98,132$592,815
68$661,576$153,321$68,869$615,972
69$695,481$127,258$37,600$640,687
70$731,786$98,860$4,226$667,106
71$770,703$67,979$0$695,394
72$812,465$34,460$0$728,746
73$857,326$0$0$764,976
74$905,565$0$0$804,115
75$957,489$0$0$850,331
76$1,013,436$0$0$900,133
77$1,073,775$0$0$953,852
78$1,138,913$0$0$1,011,850
79$1,209,297$0$0$1,074,526
80$1,285,418$0$0$1,142,318
81$1,367,816$0$0$1,215,709
82$1,457,083$0$0$1,295,226
83$1,553,874$0$0$1,381,453
84$1,658,904$0$0$1,475,030
85$1,772,963$0$0$1,576,660
86$1,896,919$0$0$1,687,119
87$2,031,726$0$0$1,807,258
88$2,178,435$0$0$1,938,016
89$2,338,203$0$0$2,080,422
90$2,512,299$0$0$2,235,613
91$2,702,126$0$0$2,404,838
92$2,909,221$0$0$2,589,471
93$3,135,283$0$0$2,791,026
94$3,382,176$0$0$3,011,169
95$3,651,955$0$0$3,251,733
96$3,946,883$0$0$3,514,738
97$4,269,451$0$0$3,802,405
98$4,622,400$0$0$4,117,184
99$5,008,750$0$0$4,461,768
100$5,431,825$0$0$4,839,126