Can I retire at age 54 with 320,000?

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 $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%16.4%
1 years$26,425$26,190$25,960$25,736$25,517$24,850
2 years$13,082$12,838$12,602$12,373$12,151$11,483
3 years$8,635$8,390$8,154$7,928$7,709$7,062
4 years$6,411$6,167$5,934$5,711$5,498$4,876
5 years$5,078$4,835$4,605$4,387$4,180$3,585
6 years$4,189$3,948$3,722$3,508$3,307$2,740
7 years$3,555$3,316$3,093$2,884$2,690$2,150
8 years$3,079$2,842$2,623$2,420$2,231$1,720
9 years$2,709$2,475$2,259$2,061$1,879$1,394
10 years$2,413$2,181$1,970$1,777$1,601$1,143
11 years$2,172$1,942$1,734$1,546$1,377$945
12 years$1,970$1,743$1,539$1,356$1,193$786
13 years$1,800$1,575$1,375$1,197$1,041$657
14 years$1,654$1,432$1,235$1,063$912$552
15 years$1,528$1,308$1,115$948$803$465
16 years$1,418$1,200$1,011$849$710$394
17 years$1,320$1,105$920$763$629$334
18 years$1,234$1,021$840$687$560$283
19 years$1,157$946$769$621$499$241
20 years$1,088$880$706$562$446$205
21 years$1,025$819$649$510$399$175
22 years$968$765$598$464$357$150
23 years$916$715$552$423$321$128
24 years$869$670$511$385$288$109
25 years$825$629$473$352$259$94
26 years$785$591$439$322$234$80
27 years$748$556$408$295$211$69
28 years$713$524$379$270$190$59
29 years$681$494$353$248$172$50
30 years$651$467$328$227$155$43
31 years$624$441$306$209$140$37
32 years$597$418$286$192$127$32
33 years$573$396$267$176$115$27
34 years$550$375$249$162$104$23
35 years$529$356$233$149$94$20
36 years$508$338$218$138$85$17
37 years$489$321$204$127$77$15
38 years$471$305$191$117$70$13
39 years$454$290$179$108$64$11
40 years$437$276$168$99$58$9
41 years$422$262$157$92$52$8
42 years$407$250$148$85$47$7
43 years$393$238$138$78$43$6
44 years$380$227$130$72$39$5
45 years$368$216$122$67$35$4
46 years$356$206$115$62$32$4
47 years$344$197$108$57$29$3
48 years$333$188$101$53$27$3
49 years$322$180$95$49$24$2
50 years$312$172$89$45$22$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $320,000, adding $5,978 every year, while hoping to spend $21,229 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: 47/29/24 Blend
53$320,000$320,000$320,000$320,000
54$358,806$341,846$336,886$372,962
55$372,817$336,009$325,585$377,658
56$387,545$329,175$313,193$380,183
57$403,042$321,271$299,652$382,498
58$419,362$312,224$284,900$384,593
59$436,567$301,952$268,873$386,458
60$454,720$290,371$251,504$388,086
61$473,894$277,392$232,722$389,468
62$494,167$262,920$212,454$390,599
63$515,624$246,855$190,623$391,472
64$538,358$229,091$167,149$392,084
65$562,470$209,516$141,948$392,433
66$588,071$188,011$114,932$392,518
67$615,282$164,452$86,011$392,342
68$644,237$138,706$55,088$391,909
69$675,080$110,634$22,065$391,227
70$707,971$80,088$0$390,310
71$743,084$46,912$0$392,546
72$780,610$10,942$0$400,832
73$820,758$0$0$409,566
74$863,757$0$0$427,746
75$909,860$0$0$451,006
76$959,343$0$0$475,998
77$1,012,508$0$0$502,876
78$1,069,688$0$0$531,813
79$1,131,248$0$0$562,998
80$1,197,590$0$0$596,637
81$1,269,154$0$0$632,958
82$1,346,424$0$0$672,211
83$1,429,931$0$0$714,670
84$1,520,261$0$0$760,638
85$1,618,055$0$0$810,447
86$1,724,020$0$0$864,461
87$1,838,933$0$0$923,082
88$1,963,647$0$0$986,751
89$2,099,102$0$0$1,055,954
90$2,246,332$0$0$1,131,225
91$2,406,472$0$0$1,213,153
92$2,580,773$0$0$1,302,383
93$2,770,611$0$0$1,399,627
94$2,977,501$0$0$1,505,669
95$3,203,109$0$0$1,621,370
96$3,449,268$0$0$1,747,680
97$3,717,998$0$0$1,885,643
98$4,011,521$0$0$2,036,409
99$4,332,284$0$0$2,201,243
100$4,682,979$0$0$2,381,540