Can I retire at age 54 with 371,000?

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 $371,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$30,637$30,364$30,098$29,838$29,584$29,361
2 years$15,167$14,884$14,611$14,345$14,088$13,862
3 years$10,011$9,727$9,454$9,191$8,938$8,718
4 years$7,433$7,150$6,880$6,622$6,375$6,161
5 years$5,887$5,606$5,339$5,086$4,846$4,640
6 years$4,857$4,578$4,315$4,067$3,834$3,636
7 years$4,121$3,844$3,586$3,344$3,118$2,928
8 years$3,569$3,295$3,041$2,805$2,587$2,405
9 years$3,141$2,869$2,619$2,389$2,179$2,004
10 years$2,798$2,529$2,283$2,060$1,856$1,689
11 years$2,518$2,251$2,010$1,793$1,596$1,437
12 years$2,284$2,021$1,784$1,572$1,383$1,231
13 years$2,087$1,826$1,594$1,388$1,206$1,062
14 years$1,918$1,660$1,432$1,232$1,058$920
15 years$1,772$1,516$1,293$1,099$931$800
16 years$1,644$1,391$1,172$984$823$699
17 years$1,531$1,281$1,067$884$730$612
18 years$1,431$1,184$974$797$649$537
19 years$1,341$1,097$892$720$578$473
20 years$1,261$1,020$818$652$517$417
21 years$1,188$950$753$592$462$368
22 years$1,122$887$694$538$414$326
23 years$1,062$829$640$490$372$289
24 years$1,007$777$592$447$334$256
25 years$956$729$549$408$301$227
26 years$910$685$509$373$271$202
27 years$867$645$472$342$244$179
28 years$827$608$439$313$220$160
29 years$790$573$409$287$199$142
30 years$755$541$381$263$180$126
31 years$723$512$355$242$163$113
32 years$693$484$331$222$147$100
33 years$664$459$309$204$133$90
34 years$638$435$289$188$121$80
35 years$613$412$270$173$109$71
36 years$589$391$253$159$99$64
37 years$567$372$236$147$90$57
38 years$546$353$221$135$81$51
39 years$526$336$207$125$74$45
40 years$507$320$194$115$67$40
41 years$489$304$182$106$61$36
42 years$472$290$171$98$55$32
43 years$456$276$161$91$50$29
44 years$441$263$151$84$45$26
45 years$426$251$141$77$41$23
46 years$412$239$133$71$37$21
47 years$399$228$125$66$34$18
48 years$386$218$117$61$31$16
49 years$374$208$110$56$28$15
50 years$362$199$104$52$25$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $371,000, adding $5,788 every year, while hoping to spend $29,909 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: 53/31/16 Blend
53$371,000$371,000$371,000$371,000
54$414,812$395,149$389,399$434,719
55$425,300$382,689$370,621$436,508
56$435,855$368,615$350,211$434,796
57$446,453$352,818$328,084$432,267
58$457,066$335,180$304,149$428,851
59$467,660$315,578$278,312$424,474
60$478,201$293,880$250,474$419,056
61$488,646$269,949$220,534$412,510
62$498,949$243,637$188,382$404,745
63$509,057$214,791$153,909$395,661
64$518,912$183,247$116,996$385,151
65$528,446$148,832$77,521$373,099
66$537,587$111,363$35,356$359,383
67$546,249$70,649$0$343,869
68$554,341$26,485$0$328,059
69$561,758$0$0$316,702
70$568,384$0$0$310,893
71$574,090$0$0$313,562
72$578,731$0$0$315,588
73$582,147$0$0$316,877
74$584,160$0$0$317,324
75$584,571$0$0$316,812
76$583,161$0$0$315,213
77$579,683$0$0$312,382
78$573,868$0$0$308,161
79$565,414$0$0$302,372
80$553,987$0$0$294,821
81$539,218$0$0$285,289
82$520,697$0$0$273,538
83$497,972$0$0$259,302
84$470,540$0$0$242,286
85$437,845$0$0$222,166
86$399,274$0$0$198,581
87$354,147$0$0$171,133
88$301,713$0$0$139,384
89$241,140$0$0$102,845
90$171,512$0$0$60,982
91$91,814$0$0$13,199
92$925$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