Can I retire at age 54 with 366,000?

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 $366,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$30,224$29,955$29,692$29,436$29,185$28,027
2 years$14,962$14,684$14,414$14,152$13,898$12,746
3 years$9,876$9,596$9,327$9,067$8,817$7,707
4 years$7,333$7,054$6,787$6,532$6,289$5,229
5 years$5,808$5,530$5,267$5,018$4,780$3,774
6 years$4,791$4,516$4,257$4,013$3,783$2,830
7 years$4,065$3,793$3,537$3,299$3,076$2,177
8 years$3,521$3,251$3,000$2,767$2,552$1,705
9 years$3,098$2,831$2,584$2,357$2,149$1,353
10 years$2,760$2,495$2,253$2,032$1,831$1,085
11 years$2,484$2,221$1,983$1,768$1,575$877
12 years$2,253$1,994$1,760$1,551$1,365$713
13 years$2,059$1,802$1,572$1,369$1,190$582
14 years$1,892$1,638$1,413$1,216$1,043$477
15 years$1,748$1,496$1,276$1,084$919$392
16 years$1,622$1,373$1,157$971$812$323
17 years$1,510$1,264$1,052$872$720$267
18 years$1,412$1,168$961$786$640$221
19 years$1,323$1,083$880$710$570$183
20 years$1,244$1,006$807$643$510$152
21 years$1,172$937$742$584$456$126
22 years$1,107$875$684$531$409$105
23 years$1,048$818$632$483$367$87
24 years$993$766$584$441$330$73
25 years$944$719$541$403$297$60
26 years$898$676$502$368$267$50
27 years$855$636$466$337$241$42
28 years$816$599$433$309$217$35
29 years$779$566$403$283$196$29
30 years$745$534$376$260$177$24
31 years$713$505$350$239$160$20
32 years$683$478$327$219$145$17
33 years$655$452$305$202$131$14
34 years$629$429$285$186$119$12
35 years$605$407$266$171$108$10
36 years$581$386$249$157$98$8
37 years$559$367$233$145$88$7
38 years$539$348$218$134$80$6
39 years$519$331$205$123$73$5
40 years$500$315$192$114$66$4
41 years$483$300$180$105$60$3
42 years$466$286$169$97$54$3
43 years$450$272$158$89$49$2
44 years$435$260$149$82$45$2
45 years$420$247$140$76$41$2
46 years$407$236$131$70$37$1
47 years$393$225$123$65$33$1
48 years$381$215$116$60$30$1
49 years$369$205$109$56$28$1
50 years$357$196$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 $366,000, adding $2,982 every year, while hoping to spend $21,794 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: 46/41/13 Blend
53$366,000$366,000$366,000$366,000
54$406,408$387,010$381,337$423,480
55$424,673$382,785$370,923$431,397
56$444,070$377,622$359,430$437,518
57$464,693$371,453$346,798$443,675
58$486,642$364,205$332,966$449,881
59$510,028$355,799$317,869$456,150
60$534,973$346,155$301,440$462,499
61$561,609$335,185$283,607$468,948
62$590,082$322,798$264,296$475,522
63$620,551$308,897$243,431$482,250
64$653,193$293,378$220,932$489,166
65$688,198$276,133$196,712$496,309
66$725,778$257,047$170,686$503,725
67$766,163$235,998$142,760$511,465
68$809,608$212,859$112,839$519,592
69$856,391$187,492$80,822$528,174
70$906,819$159,755$46,605$537,290
71$961,227$129,495$10,079$547,032
72$1,019,984$96,553$0$557,502
73$1,083,498$60,759$0$572,826
74$1,152,213$21,935$0$590,881
75$1,226,621$0$0$610,434
76$1,307,260$0$0$640,746
77$1,394,723$0$0$684,392
78$1,489,662$0$0$731,806
79$1,592,795$0$0$783,351
80$1,704,909$0$0$839,426
81$1,826,873$0$0$900,469
82$1,959,641$0$0$966,966
83$2,104,264$0$0$1,039,446
84$2,261,898$0$0$1,118,495
85$2,433,815$0$0$1,204,758
86$2,621,415$0$0$1,298,943
87$2,826,241$0$0$1,401,831
88$3,049,987$0$0$1,514,281
89$3,294,524$0$0$1,637,239
90$3,561,906$0$0$1,771,747
91$3,854,399$0$0$1,918,951
92$4,174,494$0$0$2,080,114
93$4,524,939$0$0$2,256,626
94$4,908,755$0$0$2,450,020
95$5,329,272$0$0$2,661,981
96$5,790,156$0$0$2,894,367
97$6,295,445$0$0$3,149,224
98$6,849,587$0$0$3,428,804
99$7,457,479$0$0$3,735,590
100$8,124,517$0$0$4,072,316