Can I retire at age 54 with 348,000?

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 $348,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$28,738$28,482$28,232$27,988$27,750$27,381
2 years$14,226$13,962$13,705$13,456$13,214$12,843
3 years$9,390$9,124$8,868$8,621$8,384$8,021
4 years$6,972$6,707$6,454$6,211$5,979$5,629
5 years$5,522$5,258$5,008$4,771$4,545$4,208
6 years$4,556$4,294$4,047$3,815$3,597$3,273
7 years$3,866$3,606$3,363$3,137$2,925$2,615
8 years$3,348$3,091$2,852$2,631$2,427$2,131
9 years$2,946$2,691$2,457$2,241$2,044$1,761
10 years$2,624$2,372$2,142$1,932$1,741$1,472
11 years$2,362$2,112$1,886$1,681$1,497$1,241
12 years$2,143$1,896$1,673$1,475$1,298$1,054
13 years$1,958$1,713$1,495$1,302$1,132$901
14 years$1,799$1,557$1,343$1,156$992$773
15 years$1,662$1,422$1,213$1,031$873$667
16 years$1,542$1,305$1,100$923$772$576
17 years$1,436$1,202$1,001$829$684$500
18 years$1,342$1,111$913$747$609$435
19 years$1,258$1,029$836$675$542$379
20 years$1,183$956$767$612$485$330
21 years$1,115$891$706$555$434$289
22 years$1,053$832$651$505$389$253
23 years$996$778$601$460$349$222
24 years$945$729$556$419$314$194
25 years$897$684$515$383$282$171
26 years$853$643$477$350$254$150
27 years$813$605$443$320$229$132
28 years$776$570$412$294$207$116
29 years$741$538$383$269$187$102
30 years$708$508$357$247$169$90
31 years$678$480$333$227$153$79
32 years$650$454$311$209$138$70
33 years$623$430$290$192$125$61
34 years$598$408$271$176$113$54
35 years$575$387$253$162$102$48
36 years$553$367$237$150$93$42
37 years$532$349$222$138$84$37
38 years$512$331$208$127$76$33
39 years$493$315$195$117$69$29
40 years$476$300$182$108$63$26
41 years$459$285$171$100$57$23
42 years$443$272$160$92$52$20
43 years$428$259$151$85$47$18
44 years$413$247$141$78$43$16
45 years$400$235$133$72$39$14
46 years$387$224$125$67$35$12
47 years$374$214$117$62$32$11
48 years$362$205$110$57$29$9
49 years$351$195$103$53$26$8
50 years$340$187$97$49$24$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $348,000, adding $6,663 every year, while hoping to spend $26,881 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: 41/45/14 Blend
53$348,000$348,000$348,000$348,000
54$390,369$371,925$366,531$404,506
55$401,585$361,548$350,208$404,746
56$413,045$349,762$332,438$401,850
57$424,744$336,469$313,144$398,133
58$436,678$321,566$292,244$393,532
59$448,840$304,944$269,655$387,980
60$461,223$286,487$245,290$381,407
61$473,817$266,074$219,056$373,738
62$486,611$243,576$190,859$364,892
63$499,590$218,856$160,597$354,785
64$512,738$191,769$128,167$343,327
65$526,036$162,165$93,460$330,420
66$539,462$129,882$56,361$315,963
67$552,990$94,749$16,752$299,847
68$566,591$56,588$0$281,956
69$580,231$15,208$0$265,978
70$593,872$0$0$250,888
71$607,469$0$0$248,714
72$620,973$0$0$254,005
73$634,329$0$0$259,202
74$647,472$0$0$264,277
75$660,332$0$0$269,197
76$672,828$0$0$273,925
77$684,870$0$0$278,419
78$696,359$0$0$282,633
79$707,181$0$0$286,514
80$717,210$0$0$290,006
81$726,306$0$0$293,043
82$734,312$0$0$295,554
83$741,052$0$0$297,459
84$746,334$0$0$298,668
85$749,939$0$0$299,083
86$751,628$0$0$298,594
87$751,133$0$0$297,079
88$748,157$0$0$294,402
89$742,370$0$0$290,413
90$733,407$0$0$284,945
91$720,861$0$0$277,815
92$704,285$0$0$268,817
93$683,180$0$0$257,725
94$656,994$0$0$244,289
95$625,117$0$0$228,231
96$586,873$0$0$209,244
97$541,516$0$0$186,989
98$488,218$0$0$161,091
99$426,065$0$0$131,135
100$354,045$0$0$96,662