Can I retire at age 54 with 360,000?

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 $360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$29,728$29,464$29,205$28,953$28,707$27,844
2 years$14,717$14,443$14,177$13,920$13,670$12,808
3 years$9,714$9,439$9,174$8,919$8,673$7,838
4 years$7,213$6,938$6,676$6,425$6,186$5,385
5 years$5,713$5,440$5,181$4,935$4,702$3,938
6 years$4,713$4,442$4,187$3,947$3,721$2,994
7 years$3,999$3,730$3,479$3,245$3,026$2,336
8 years$3,464$3,198$2,951$2,722$2,510$1,857
9 years$3,048$2,784$2,542$2,319$2,114$1,497
10 years$2,715$2,454$2,216$1,999$1,801$1,219
11 years$2,443$2,185$1,951$1,739$1,549$1,001
12 years$2,217$1,961$1,731$1,526$1,342$827
13 years$2,025$1,772$1,547$1,347$1,171$687
14 years$1,861$1,611$1,390$1,196$1,026$573
15 years$1,719$1,471$1,255$1,066$904$480
16 years$1,595$1,350$1,138$955$799$403
17 years$1,486$1,243$1,035$858$708$339
18 years$1,388$1,149$945$773$630$286
19 years$1,302$1,065$865$699$561$241
20 years$1,224$989$794$633$501$204
21 years$1,153$922$730$574$449$173
22 years$1,089$860$673$522$402$146
23 years$1,031$805$621$475$361$124
24 years$977$754$575$434$324$105
25 years$928$707$532$396$292$89
26 years$883$665$494$362$263$76
27 years$841$626$458$331$237$65
28 years$802$590$426$304$214$55
29 years$766$556$397$278$193$47
30 years$733$525$369$256$175$40
31 years$701$497$344$235$158$34
32 years$672$470$321$216$143$29
33 years$645$445$300$198$129$24
34 years$619$422$280$183$117$21
35 years$595$400$262$168$106$18
36 years$572$380$245$155$96$15
37 years$550$361$229$143$87$13
38 years$530$343$215$131$79$11
39 years$510$326$201$121$72$9
40 years$492$310$189$112$65$8
41 years$475$295$177$103$59$7
42 years$458$281$166$95$53$6
43 years$443$268$156$88$48$5
44 years$428$255$146$81$44$4
45 years$414$243$137$75$40$4
46 years$400$232$129$69$36$3
47 years$387$222$121$64$33$3
48 years$375$212$114$59$30$2
49 years$363$202$107$55$27$2
50 years$351$193$101$50$25$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $360,000, adding $6,242 every year, while hoping to spend $29,780 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: 81/11/8 Blend
53$360,000$360,000$360,000$360,000
54$403,159$384,079$378,499$434,897
55$412,595$371,213$359,493$443,721
56$421,996$356,718$338,852$448,824
57$431,326$340,484$316,490$453,524
58$440,546$322,393$292,317$457,764
59$449,611$302,319$266,239$461,482
60$458,471$280,132$238,157$464,611
61$467,069$255,693$207,970$467,076
62$475,341$228,853$175,568$468,793
63$483,218$199,458$140,841$469,673
64$490,618$167,344$103,672$469,616
65$497,454$132,337$63,938$468,513
66$503,626$94,253$21,511$466,243
67$509,024$52,900$0$462,676
68$513,525$8,072$0$459,694
69$516,990$0$0$457,200
70$519,268$0$0$458,092
71$520,190$0$0$458,743
72$519,566$0$0$458,010
73$517,187$0$0$455,705
74$512,821$0$0$451,621
75$506,211$0$0$445,528
76$497,071$0$0$437,170
77$485,084$0$0$426,264
78$469,899$0$0$412,498
79$451,129$0$0$395,525
80$428,344$0$0$374,960
81$401,067$0$0$350,380
82$368,772$0$0$321,313
83$330,877$0$0$287,239
84$286,738$0$0$247,585
85$235,644$0$0$201,714
86$176,808$0$0$148,923
87$109,359$0$0$88,437
88$32,338$0$0$19,398
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0