Can I retire at age 54 with 364,000?

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 $364,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$30,059$29,791$29,530$29,275$29,026$27,918
2 years$14,881$14,603$14,335$14,074$13,822$12,719
3 years$9,822$9,544$9,276$9,018$8,769$7,706
4 years$7,293$7,015$6,750$6,497$6,254$5,238
5 years$5,776$5,500$5,238$4,990$4,754$3,789
6 years$4,765$4,491$4,233$3,991$3,762$2,847
7 years$4,043$3,772$3,518$3,281$3,059$2,195
8 years$3,502$3,233$2,984$2,752$2,538$1,724
9 years$3,081$2,815$2,570$2,344$2,137$1,371
10 years$2,745$2,481$2,240$2,021$1,821$1,102
11 years$2,470$2,209$1,972$1,759$1,566$893
12 years$2,241$1,983$1,750$1,543$1,357$728
13 years$2,048$1,792$1,564$1,362$1,184$596
14 years$1,882$1,629$1,405$1,209$1,038$490
15 years$1,738$1,488$1,269$1,078$914$404
16 years$1,613$1,365$1,150$965$807$334
17 years$1,502$1,257$1,047$867$716$277
18 years$1,404$1,162$955$782$637$230
19 years$1,316$1,077$875$706$567$191
20 years$1,237$1,000$803$640$507$159
21 years$1,166$932$738$581$454$132
22 years$1,101$870$681$528$407$110
23 years$1,042$814$628$481$365$92
24 years$988$762$581$438$328$77
25 years$938$715$538$400$295$64
26 years$893$672$499$366$266$54
27 years$850$633$464$335$240$45
28 years$811$596$431$307$216$37
29 years$775$562$401$282$195$31
30 years$741$531$374$258$176$26
31 years$709$502$348$237$160$22
32 years$680$475$325$218$144$18
33 years$652$450$303$201$131$15
34 years$626$426$283$185$118$13
35 years$601$404$265$170$107$11
36 years$578$384$248$156$97$9
37 years$556$365$232$144$88$7
38 years$536$347$217$133$80$6
39 years$516$330$204$123$72$5
40 years$498$314$191$113$66$4
41 years$480$298$179$104$59$4
42 years$463$284$168$96$54$3
43 years$448$271$157$89$49$3
44 years$432$258$148$82$44$2
45 years$418$246$139$76$40$2
46 years$404$235$130$70$37$2
47 years$391$224$122$65$33$1
48 years$379$214$115$60$30$1
49 years$367$204$108$55$27$1
50 years$355$195$102$51$25$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $364,000, adding $4,183 every year, while hoping to spend $21,511 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: 62/15/23 Blend
53$364,000$364,000$364,000$364,000
54$405,443$386,151$380,509$427,887
55$423,910$382,185$370,368$439,600
56$443,541$377,303$359,167$449,638
57$464,430$371,439$346,847$460,117
58$486,682$364,520$333,347$471,083
59$510,413$356,471$318,604$482,588
60$535,749$347,211$302,550$494,689
61$562,827$336,656$285,117$507,451
62$591,798$324,715$266,232$520,945
63$622,829$311,294$245,818$535,252
64$656,100$296,290$223,796$550,462
65$691,813$279,599$200,083$566,673
66$730,185$261,106$174,593$583,999
67$771,457$240,693$147,235$602,562
68$815,892$218,234$117,914$622,500
69$863,781$193,596$86,532$643,968
70$915,442$166,637$52,986$667,135
71$971,224$137,209$17,168$692,193
72$1,031,512$105,155$0$719,352
73$1,096,727$70,309$0$754,015
74$1,167,335$32,496$0$796,106
75$1,243,845$0$0$841,727
76$1,326,818$0$0$892,630
77$1,416,872$0$0$953,720
78$1,514,685$0$0$1,020,098
79$1,621,003$0$0$1,092,273
80$1,736,649$0$0$1,170,806
81$1,862,524$0$0$1,256,313
82$1,999,625$0$0$1,349,474
83$2,149,044$0$0$1,451,036
84$2,311,985$0$0$1,561,820
85$2,489,775$0$0$1,682,731
86$2,683,870$0$0$1,814,766
87$2,895,878$0$0$1,959,021
88$3,127,566$0$0$2,116,703
89$3,380,880$0$0$2,289,142
90$3,657,962$0$0$2,477,800
91$3,961,172$0$0$2,684,289
92$4,293,107$0$0$2,910,383
93$4,656,628$0$0$3,158,036
94$5,054,886$0$0$3,429,399
95$5,491,350$0$0$3,726,843
96$5,969,840$0$0$4,052,977
97$6,494,564$0$0$4,410,675
98$7,070,158$0$0$4,803,104
99$7,701,728$0$0$5,233,751
100$8,394,895$0$0$5,706,456