Can I retire at age 54 with 369,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $369,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$30,472$30,200$29,935$29,677$29,425$28,807
2 years$15,085$14,804$14,532$14,268$14,012$13,392
3 years$9,957$9,675$9,403$9,141$8,890$8,288
4 years$7,393$7,112$6,843$6,586$6,340$5,761
5 years$5,855$5,576$5,310$5,059$4,820$4,264
6 years$4,831$4,553$4,292$4,045$3,814$3,283
7 years$4,099$3,824$3,566$3,326$3,102$2,595
8 years$3,550$3,278$3,025$2,790$2,573$2,091
9 years$3,124$2,854$2,605$2,377$2,167$1,709
10 years$2,783$2,515$2,271$2,049$1,846$1,412
11 years$2,504$2,239$1,999$1,783$1,588$1,177
12 years$2,272$2,010$1,774$1,564$1,376$987
13 years$2,076$1,816$1,585$1,381$1,200$833
14 years$1,908$1,651$1,424$1,226$1,052$706
15 years$1,762$1,508$1,286$1,093$926$600
16 years$1,635$1,384$1,166$979$818$512
17 years$1,523$1,274$1,061$879$726$438
18 years$1,423$1,178$969$792$645$376
19 years$1,334$1,091$887$716$575$323
20 years$1,254$1,014$814$649$514$278
21 years$1,182$945$749$589$460$239
22 years$1,116$882$690$535$412$207
23 years$1,056$825$637$487$370$178
24 years$1,002$773$589$445$332$154
25 years$951$725$546$406$299$133
26 years$905$682$506$371$270$115
27 years$862$641$470$340$243$100
28 years$822$604$437$311$219$86
29 years$786$570$407$285$198$75
30 years$751$538$379$262$179$65
31 years$719$509$353$241$162$56
32 years$689$482$329$221$146$49
33 years$661$456$308$203$132$42
34 years$634$432$287$187$120$37
35 years$610$410$269$172$109$32
36 years$586$389$251$159$98$28
37 years$564$370$235$146$89$24
38 years$543$351$220$135$81$21
39 years$523$334$206$124$73$18
40 years$504$318$193$115$66$16
41 years$487$303$181$106$60$14
42 years$470$288$170$98$55$12
43 years$454$275$160$90$50$10
44 years$438$262$150$83$45$9
45 years$424$250$141$77$41$8
46 years$410$238$132$71$37$7
47 years$397$227$124$66$34$6
48 years$384$217$117$61$31$5
49 years$372$207$110$56$28$4
50 years$360$198$103$52$25$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $369,000, adding $3,589 every year, while hoping to spend $22,796 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: 57/23/20 Blend
53$369,000$369,000$369,000$369,000
54$410,340$390,783$385,064$431,346
55$427,940$385,677$373,708$440,950
56$446,571$379,556$361,209$448,651
57$466,314$372,347$347,502$456,540
58$487,259$363,973$332,524$464,641
59$509,501$354,349$316,205$472,981
60$533,147$343,389$298,475$481,591
61$558,312$330,999$279,258$490,505
62$585,124$317,083$258,478$499,763
63$613,722$301,535$236,052$509,412
64$644,257$284,246$211,895$519,503
65$676,897$265,099$185,920$530,094
66$711,825$243,973$158,032$541,251
67$749,240$220,737$128,135$553,049
68$789,364$195,254$96,129$565,572
69$832,436$167,379$61,906$578,916
70$878,722$136,959$25,358$593,186
71$928,513$103,831$0$608,502
72$982,128$67,825$0$627,912
73$1,039,917$28,760$0$654,617
74$1,102,265$0$0$683,397
75$1,169,596$0$0$717,899
76$1,242,374$0$0$763,085
77$1,321,109$0$0$811,997
78$1,406,364$0$0$864,987
79$1,498,756$0$0$922,442
80$1,598,963$0$0$984,788
81$1,707,733$0$0$1,052,494
82$1,825,885$0$0$1,126,074
83$1,954,325$0$0$1,206,096
84$2,094,044$0$0$1,293,182
85$2,246,137$0$0$1,388,019
86$2,411,806$0$0$1,491,362
87$2,592,374$0$0$1,604,041
88$2,789,300$0$0$1,726,972
89$3,004,186$0$0$1,861,159
90$3,238,797$0$0$2,007,712
91$3,495,076$0$0$2,167,851
92$3,775,162$0$0$2,342,916
93$4,081,411$0$0$2,534,388
94$4,416,413$0$0$2,743,893
95$4,783,025$0$0$2,973,224
96$5,184,390$0$0$3,224,355
97$5,623,969$0$0$3,499,459
98$6,105,574$0$0$3,800,930
99$6,633,404$0$0$4,131,402
100$7,212,082$0$0$4,493,781