Can I retire at age 54 with 320,000?

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 $320,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$26,425$26,190$25,960$25,736$25,517$24,992
2 years$13,082$12,838$12,602$12,373$12,151$11,624
3 years$8,635$8,390$8,154$7,928$7,709$7,197
4 years$6,411$6,167$5,934$5,711$5,498$5,005
5 years$5,078$4,835$4,605$4,387$4,180$3,707
6 years$4,189$3,948$3,722$3,508$3,307$2,855
7 years$3,555$3,316$3,093$2,884$2,690$2,258
8 years$3,079$2,842$2,623$2,420$2,231$1,821
9 years$2,709$2,475$2,259$2,061$1,879$1,489
10 years$2,413$2,181$1,970$1,777$1,601$1,231
11 years$2,172$1,942$1,734$1,546$1,377$1,026
12 years$1,970$1,743$1,539$1,356$1,193$862
13 years$1,800$1,575$1,375$1,197$1,041$728
14 years$1,654$1,432$1,235$1,063$912$617
15 years$1,528$1,308$1,115$948$803$525
16 years$1,418$1,200$1,011$849$710$449
17 years$1,320$1,105$920$763$629$384
18 years$1,234$1,021$840$687$560$330
19 years$1,157$946$769$621$499$283
20 years$1,088$880$706$562$446$244
21 years$1,025$819$649$510$399$210
22 years$968$765$598$464$357$182
23 years$916$715$552$423$321$157
24 years$869$670$511$385$288$136
25 years$825$629$473$352$259$117
26 years$785$591$439$322$234$102
27 years$748$556$408$295$211$88
28 years$713$524$379$270$190$76
29 years$681$494$353$248$172$66
30 years$651$467$328$227$155$57
31 years$624$441$306$209$140$50
32 years$597$418$286$192$127$43
33 years$573$396$267$176$115$38
34 years$550$375$249$162$104$33
35 years$529$356$233$149$94$28
36 years$508$338$218$138$85$25
37 years$489$321$204$127$77$21
38 years$471$305$191$117$70$19
39 years$454$290$179$108$64$16
40 years$437$276$168$99$58$14
41 years$422$262$157$92$52$12
42 years$407$250$148$85$47$11
43 years$393$238$138$78$43$9
44 years$380$227$130$72$39$8
45 years$368$216$122$67$35$7
46 years$356$206$115$62$32$6
47 years$344$197$108$57$29$5
48 years$333$188$101$53$27$5
49 years$322$180$95$49$24$4
50 years$312$172$89$45$22$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $320,000, adding $6,874 every year, while hoping to spend $20,164 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: 70/9/21 Blend
53$320,000$320,000$320,000$320,000
54$359,731$342,771$337,811$382,586
55$374,969$338,112$327,673$394,066
56$391,085$332,549$316,520$403,608
57$408,149$326,017$304,296$413,559
58$426,234$318,445$290,943$423,957
59$445,422$309,761$276,402$434,844
60$465,801$299,886$260,608$446,268
61$487,471$288,739$243,497$458,283
62$510,537$276,231$224,997$470,948
63$535,115$262,270$205,039$484,327
64$561,335$246,759$183,546$498,496
65$589,336$229,595$160,439$513,534
66$619,271$210,668$135,637$529,533
67$651,309$189,863$109,053$546,592
68$685,634$167,058$80,598$564,823
69$722,449$142,124$50,178$584,350
70$761,977$114,926$17,696$605,310
71$804,459$85,318$0$627,855
72$850,165$53,150$0$655,958
73$899,388$18,260$0$690,480
74$952,450$0$0$727,688
75$1,009,707$0$0$769,768
76$1,071,547$0$0$817,185
77$1,138,399$0$0$868,458
78$1,210,733$0$0$923,950
79$1,289,065$0$0$984,061
80$1,373,965$0$0$1,049,227
81$1,466,056$0$0$1,119,931
82$1,566,028$0$0$1,196,703
83$1,674,636$0$0$1,280,126
84$1,792,711$0$0$1,370,841
85$1,921,168$0$0$1,469,553
86$2,061,014$0$0$1,577,039
87$2,213,358$0$0$1,694,153
88$2,379,416$0$0$1,821,834
89$2,560,533$0$0$1,961,117
90$2,758,183$0$0$2,113,141
91$2,973,993$0$0$2,279,159
92$3,209,751$0$0$2,460,551
93$3,467,427$0$0$2,658,836
94$3,749,191$0$0$2,875,686
95$4,057,428$0$0$3,112,943
96$4,394,770$0$0$3,372,634
97$4,764,110$0$0$3,656,992
98$5,168,636$0$0$3,968,475
99$5,611,860$0$0$4,309,792
100$6,097,647$0$0$4,683,923