Can I retire at age 54 with 328,000?

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 $328,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$27,086$26,845$26,609$26,380$26,155$26,034
2 years$13,409$13,159$12,917$12,682$12,455$12,333
3 years$8,850$8,600$8,358$8,126$7,902$7,782
4 years$6,572$6,322$6,083$5,854$5,636$5,520
5 years$5,205$4,956$4,720$4,497$4,284$4,172
6 years$4,294$4,047$3,815$3,596$3,390$3,282
7 years$3,643$3,399$3,170$2,956$2,757$2,653
8 years$3,156$2,913$2,688$2,480$2,287$2,187
9 years$2,777$2,537$2,316$2,112$1,926$1,830
10 years$2,474$2,236$2,019$1,821$1,641$1,549
11 years$2,226$1,991$1,777$1,585$1,411$1,324
12 years$2,020$1,787$1,577$1,390$1,223$1,139
13 years$1,845$1,615$1,409$1,227$1,067$987
14 years$1,696$1,468$1,266$1,089$935$859
15 years$1,566$1,341$1,143$972$823$751
16 years$1,453$1,230$1,036$870$728$659
17 years$1,353$1,133$943$782$645$580
18 years$1,265$1,047$861$704$574$511
19 years$1,186$970$788$636$511$452
20 years$1,115$901$723$576$457$401
21 years$1,051$840$665$523$409$356
22 years$992$784$613$476$366$316
23 years$939$733$566$433$329$282
24 years$890$687$524$395$296$251
25 years$846$645$485$361$266$224
26 years$804$606$450$330$240$200
27 years$766$570$418$302$216$179
28 years$731$537$388$277$195$160
29 years$698$507$361$254$176$143
30 years$668$479$337$233$159$128
31 years$639$452$314$214$144$115
32 years$612$428$293$197$130$103
33 years$587$405$273$181$118$92
34 years$564$384$255$166$107$83
35 years$542$364$239$153$97$74
36 years$521$346$223$141$87$67
37 years$501$329$209$130$79$60
38 years$483$312$196$120$72$54
39 years$465$297$183$110$65$48
40 years$448$282$172$102$59$44
41 years$433$269$161$94$54$39
42 years$418$256$151$87$49$35
43 years$403$244$142$80$44$32
44 years$390$233$133$74$40$28
45 years$377$222$125$68$36$26
46 years$364$212$117$63$33$23
47 years$353$202$110$58$30$21
48 years$341$193$104$54$27$19
49 years$331$184$97$50$25$17
50 years$320$176$92$46$22$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $328,000, adding $3,247 every year, while hoping to spend $24,203 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: 62/33/5 Blend
53$328,000$328,000$328,000$328,000
54$364,805$347,421$342,337$386,935
55$376,264$338,693$328,054$393,364
56$388,080$328,726$312,481$397,248
57$400,264$317,434$295,549$400,857
58$412,828$304,725$277,187$404,163
59$425,783$290,504$257,320$407,137
60$439,142$274,667$235,869$409,748
61$452,916$257,107$212,751$411,962
62$467,117$237,710$187,883$413,744
63$481,760$216,354$161,173$415,057
64$496,856$192,912$132,529$415,861
65$512,420$167,249$101,854$416,113
66$528,465$139,222$69,044$415,768
67$545,005$108,682$33,994$414,778
68$562,056$75,467$0$413,093
69$579,632$39,412$0$410,840
70$597,749$337$0$409,729
71$616,422$0$0$407,888
72$635,667$0$0$420,493
73$655,501$0$0$433,609
74$675,940$0$0$447,125
75$697,002$0$0$461,052
76$718,703$0$0$475,401
77$741,062$0$0$490,185
78$764,098$0$0$505,415
79$787,827$0$0$521,104
80$812,269$0$0$537,262
81$837,442$0$0$553,904
82$863,367$0$0$571,041
83$890,062$0$0$588,687
84$917,547$0$0$606,853
85$945,841$0$0$625,553
86$974,964$0$0$644,800
87$1,004,936$0$0$664,606
88$1,035,777$0$0$684,984
89$1,067,506$0$0$705,948
90$1,100,143$0$0$727,510
91$1,133,708$0$0$749,681
92$1,168,218$0$0$772,476
93$1,203,693$0$0$795,904
94$1,240,151$0$0$819,978
95$1,277,608$0$0$844,709
96$1,316,081$0$0$870,107
97$1,355,585$0$0$896,181
98$1,396,135$0$0$922,941
99$1,437,742$0$0$950,394
100$1,480,418$0$0$978,546