Can I retire at age 54 with 329,000?

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 $329,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$27,169$26,927$26,690$26,460$26,235$25,590
2 years$13,450$13,199$12,957$12,721$12,493$11,847
3 years$8,877$8,626$8,384$8,151$7,926$7,300
4 years$6,592$6,341$6,101$5,872$5,653$5,051
5 years$5,221$4,971$4,735$4,510$4,297$3,721
6 years$4,307$4,059$3,826$3,607$3,400$2,851
7 years$3,654$3,409$3,180$2,965$2,765$2,242
8 years$3,165$2,922$2,697$2,488$2,294$1,797
9 years$2,785$2,544$2,323$2,119$1,932$1,461
10 years$2,481$2,243$2,025$1,827$1,646$1,200
11 years$2,233$1,997$1,783$1,590$1,416$994
12 years$2,026$1,792$1,582$1,394$1,227$830
13 years$1,851$1,619$1,414$1,231$1,070$696
14 years$1,701$1,472$1,270$1,093$938$586
15 years$1,571$1,345$1,147$975$826$495
16 years$1,458$1,234$1,040$873$730$420
17 years$1,358$1,136$946$784$647$357
18 years$1,269$1,050$864$707$575$304
19 years$1,189$973$791$638$513$260
20 years$1,118$904$726$578$458$222
21 years$1,054$842$667$525$410$190
22 years$995$786$615$477$367$163
23 years$942$735$568$435$330$139
24 years$893$689$525$396$296$120
25 years$848$647$486$362$267$103
26 years$807$608$451$331$240$88
27 years$769$572$419$303$217$76
28 years$733$539$389$278$195$65
29 years$700$508$362$255$177$56
30 years$670$480$338$234$159$48
31 years$641$454$315$215$144$42
32 years$614$429$294$197$130$36
33 years$589$407$274$181$118$31
34 years$566$385$256$167$107$27
35 years$543$366$240$154$97$23
36 years$523$347$224$141$88$20
37 years$503$330$210$130$79$17
38 years$484$313$196$120$72$15
39 years$467$298$184$111$65$13
40 years$450$283$172$102$59$11
41 years$434$270$162$94$54$9
42 years$419$257$152$87$49$8
43 years$405$245$142$80$44$7
44 years$391$233$134$74$40$6
45 years$378$222$125$68$36$5
46 years$366$212$118$63$33$4
47 years$354$203$111$58$30$4
48 years$342$193$104$54$27$3
49 years$332$185$98$50$25$3
50 years$321$176$92$46$23$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $329,000, adding $4,971 every year, while hoping to spend $23,477 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: 60/23/17 Blend
53$329,000$329,000$329,000$329,000
54$367,686$350,249$345,149$387,858
55$380,210$342,431$331,732$394,250
56$393,225$333,444$317,079$398,174
57$406,757$323,205$301,123$401,911
58$420,831$311,627$283,796$405,444
59$435,477$298,618$265,025$408,759
60$450,726$284,081$244,733$411,839
61$466,612$267,913$222,844$414,668
62$483,170$250,005$199,273$417,228
63$500,440$230,242$173,935$419,503
64$518,463$208,501$146,740$421,475
65$537,284$184,656$117,593$423,127
66$556,952$158,569$86,398$424,440
67$577,519$130,096$53,050$425,397
68$599,042$99,088$17,444$425,980
69$621,583$65,382$0$426,172
70$645,209$28,809$0$429,684
71$669,991$0$0$436,389
72$696,009$0$0$445,863
73$723,348$0$0$463,487
74$752,100$0$0$482,032
75$782,366$0$0$501,564
76$814,257$0$0$522,154
77$847,891$0$0$543,882
78$883,399$0$0$566,832
79$920,922$0$0$591,099
80$960,618$0$0$616,784
81$1,002,653$0$0$643,999
82$1,047,214$0$0$672,866
83$1,094,502$0$0$703,517
84$1,144,738$0$0$736,097
85$1,198,164$0$0$770,768
86$1,255,045$0$0$807,701
87$1,315,669$0$0$847,089
88$1,380,354$0$0$889,139
89$1,449,448$0$0$934,082
90$1,523,330$0$0$982,168
91$1,602,419$0$0$1,033,672
92$1,687,172$0$0$1,088,896
93$1,778,090$0$0$1,148,172
94$1,875,725$0$0$1,211,862
95$1,980,682$0$0$1,280,366
96$2,093,623$0$0$1,354,121
97$2,215,279$0$0$1,433,608
98$2,346,448$0$0$1,519,357
99$2,488,011$0$0$1,611,947
100$2,640,933$0$0$1,712,015