Can I retire at age 54 with 354,000?

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 $354,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$29,233$28,973$28,719$28,471$28,228$27,795
2 years$14,472$14,202$13,941$13,688$13,442$13,007
3 years$9,552$9,281$9,021$8,770$8,528$8,104
4 years$7,093$6,823$6,565$6,318$6,082$5,673
5 years$5,617$5,349$5,095$4,853$4,624$4,230
6 years$4,634$4,368$4,117$3,881$3,659$3,281
7 years$3,932$3,668$3,421$3,191$2,975$2,614
8 years$3,406$3,144$2,902$2,677$2,468$2,124
9 years$2,997$2,738$2,499$2,280$2,079$1,750
10 years$2,670$2,413$2,179$1,965$1,771$1,459
11 years$2,402$2,148$1,918$1,710$1,523$1,226
12 years$2,180$1,928$1,702$1,500$1,320$1,038
13 years$1,991$1,743$1,521$1,325$1,151$884
14 years$1,830$1,584$1,367$1,176$1,009$756
15 years$1,690$1,447$1,234$1,049$888$650
16 years$1,568$1,328$1,119$939$785$560
17 years$1,461$1,223$1,018$844$696$484
18 years$1,365$1,130$929$760$619$419
19 years$1,280$1,047$851$687$552$364
20 years$1,203$973$781$622$493$316
21 years$1,134$906$718$565$441$275
22 years$1,071$846$662$513$395$240
23 years$1,013$791$611$468$355$210
24 years$961$741$565$426$319$183
25 years$913$696$523$389$287$160
26 years$868$654$485$356$259$140
27 years$827$615$451$326$233$123
28 years$789$580$419$299$210$108
29 years$754$547$390$274$190$94
30 years$721$517$363$251$172$83
31 years$690$488$339$231$155$72
32 years$661$462$316$212$140$64
33 years$634$438$295$195$127$56
34 years$609$415$276$179$115$49
35 years$585$393$258$165$104$43
36 years$562$373$241$152$94$38
37 years$541$355$226$140$86$33
38 years$521$337$211$129$78$29
39 years$502$320$198$119$70$26
40 years$484$305$186$110$64$23
41 years$467$290$174$101$58$20
42 years$451$276$163$94$53$17
43 years$435$263$153$86$48$15
44 years$421$251$144$80$43$13
45 years$407$239$135$74$39$12
46 years$393$228$127$68$36$10
47 years$381$218$119$63$32$9
48 years$368$208$112$58$29$8
49 years$357$199$105$54$27$7
50 years$346$190$99$50$24$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $354,000, adding $6,590 every year, while hoping to spend $25,773 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: 49/24/27 Blend
53$354,000$354,000$354,000$354,000
54$396,906$378,144$372,657$413,029
55$409,968$369,250$357,718$416,097
56$423,498$359,058$341,416$416,350
57$437,518$347,474$323,676$416,117
58$452,049$334,404$304,423$415,365
59$467,114$319,746$283,577$414,059
60$482,737$303,391$261,055$412,163
61$498,945$285,227$236,769$409,637
62$515,767$265,132$210,630$406,440
63$533,230$242,979$182,542$402,531
64$551,368$218,633$152,405$397,865
65$570,214$191,953$120,117$392,395
66$589,805$162,787$85,570$386,074
67$610,179$130,977$48,650$378,851
68$631,377$96,355$9,240$370,673
69$653,445$58,744$0$361,485
70$676,431$17,957$0$360,686
71$700,385$0$0$362,217
72$725,365$0$0$370,310
73$751,428$0$0$383,710
74$778,641$0$0$397,710
75$807,072$0$0$412,346
76$836,796$0$0$427,658
77$867,896$0$0$443,689
78$900,459$0$0$460,486
79$934,581$0$0$478,100
80$970,365$0$0$496,586
81$1,007,923$0$0$516,004
82$1,047,377$0$0$536,419
83$1,088,860$0$0$557,901
84$1,132,516$0$0$580,527
85$1,178,501$0$0$604,381
86$1,226,987$0$0$629,555
87$1,278,159$0$0$656,147
88$1,332,220$0$0$684,267
89$1,389,391$0$0$714,033
90$1,449,915$0$0$745,574
91$1,514,054$0$0$779,031
92$1,582,097$0$0$814,559
93$1,654,359$0$0$852,328
94$1,731,185$0$0$892,521
95$1,812,952$0$0$935,341
96$1,900,072$0$0$981,011
97$1,992,998$0$0$1,029,772
98$2,092,225$0$0$1,081,890
99$2,198,295$0$0$1,137,658
100$2,311,803$0$0$1,197,395