Can I retire at age 54 with 324,000?

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 $324,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$26,756$26,517$26,285$26,058$25,836$24,939
2 years$13,245$12,999$12,760$12,528$12,303$11,409
3 years$8,743$8,495$8,256$8,027$7,806$6,942
4 years$6,492$6,245$6,008$5,783$5,567$4,741
5 years$5,141$4,896$4,663$4,442$4,232$3,445
6 years$4,241$3,998$3,768$3,552$3,349$2,602
7 years$3,599$3,357$3,131$2,920$2,723$2,016
8 years$3,117$2,878$2,656$2,450$2,259$1,592
9 years$2,743$2,506$2,287$2,087$1,903$1,273
10 years$2,443$2,209$1,994$1,799$1,621$1,029
11 years$2,199$1,966$1,756$1,565$1,394$839
12 years$1,995$1,765$1,558$1,373$1,208$688
13 years$1,823$1,595$1,392$1,212$1,054$567
14 years$1,675$1,450$1,251$1,076$924$469
15 years$1,547$1,324$1,129$960$813$389
16 years$1,435$1,215$1,024$859$719$324
17 years$1,337$1,119$932$772$637$270
18 years$1,250$1,034$850$696$567$226
19 years$1,171$958$779$629$505$189
20 years$1,101$890$715$569$451$158
21 years$1,038$829$657$517$404$133
22 years$980$774$606$470$362$111
23 years$928$724$559$428$325$94
24 years$879$678$517$390$292$79
25 years$835$637$479$356$263$66
26 years$795$598$444$326$237$56
27 years$757$563$413$298$213$47
28 years$722$531$384$273$193$39
29 years$690$501$357$251$174$33
30 years$660$473$332$230$157$28
31 years$631$447$310$211$142$24
32 years$605$423$289$194$128$20
33 years$580$401$270$179$116$17
34 years$557$380$252$164$105$14
35 years$535$360$236$151$95$12
36 years$515$342$221$139$86$10
37 years$495$325$207$128$78$8
38 years$477$308$193$118$71$7
39 years$459$293$181$109$64$6
40 years$443$279$170$101$58$5
41 years$427$266$159$93$53$4
42 years$412$253$149$86$48$4
43 years$398$241$140$79$44$3
44 years$385$230$132$73$40$3
45 years$372$219$124$67$36$2
46 years$360$209$116$62$33$2
47 years$348$199$109$58$30$2
48 years$337$190$102$53$27$1
49 years$327$182$96$49$24$1
50 years$316$174$91$45$22$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $324,000, adding $2,153 every year, while hoping to spend $20,973 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: 41/32/27 Blend
53$324,000$324,000$324,000$324,000
54$359,269$342,097$337,075$371,071
55$373,599$336,544$326,052$374,239
56$388,688$330,017$313,956$375,537
57$404,591$322,445$300,731$376,538
58$421,369$313,754$286,314$377,228
59$439,086$303,865$270,643$377,592
60$457,814$292,696$253,652$377,616
61$477,632$280,159$235,270$377,287
62$498,625$266,161$215,426$376,592
63$520,886$250,604$194,043$375,519
64$544,516$233,384$171,044$374,057
65$569,627$214,390$146,344$372,197
66$596,341$193,508$119,859$369,930
67$624,792$170,613$91,498$367,251
68$655,124$145,577$61,167$364,156
69$687,498$118,261$28,768$360,643
70$722,090$88,523$0$356,715
71$759,090$56,208$0$354,051
72$798,710$21,155$0$359,940
73$841,180$0$0$366,133
74$886,754$0$0$378,602
75$935,709$0$0$400,026
76$988,350$0$0$423,094
77$1,045,013$0$0$447,956
78$1,106,064$0$0$474,778
79$1,171,909$0$0$503,741
80$1,242,989$0$0$535,046
81$1,319,794$0$0$568,911
82$1,402,858$0$0$605,578
83$1,492,771$0$0$645,312
84$1,590,180$0$0$688,405
85$1,695,797$0$0$735,178
86$1,810,404$0$0$785,983
87$1,934,863$0$0$841,208
88$2,070,120$0$0$901,280
89$2,217,217$0$0$966,669
90$2,377,300$0$0$1,037,892
91$2,551,631$0$0$1,115,517
92$2,741,596$0$0$1,200,171
93$2,948,724$0$0$1,292,541
94$3,174,694$0$0$1,393,387
95$3,421,357$0$0$1,503,542
96$3,690,750$0$0$1,623,927
97$3,985,113$0$0$1,755,552
98$4,306,915$0$0$1,899,531
99$4,658,874$0$0$2,057,091
100$5,043,982$0$0$2,229,582