Can I retire at age 54 with 371,000?

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 $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%12.7%
1 years$30,637$30,364$30,098$29,838$29,584$29,251
2 years$15,167$14,884$14,611$14,345$14,088$13,752
3 years$10,011$9,727$9,454$9,191$8,938$8,610
4 years$7,433$7,150$6,880$6,622$6,375$6,058
5 years$5,887$5,606$5,339$5,086$4,846$4,541
6 years$4,857$4,578$4,315$4,067$3,834$3,541
7 years$4,121$3,844$3,586$3,344$3,118$2,837
8 years$3,569$3,295$3,041$2,805$2,587$2,318
9 years$3,141$2,869$2,619$2,389$2,179$1,922
10 years$2,798$2,529$2,283$2,060$1,856$1,611
11 years$2,518$2,251$2,010$1,793$1,596$1,363
12 years$2,284$2,021$1,784$1,572$1,383$1,161
13 years$2,087$1,826$1,594$1,388$1,206$996
14 years$1,918$1,660$1,432$1,232$1,058$857
15 years$1,772$1,516$1,293$1,099$931$742
16 years$1,644$1,391$1,172$984$823$643
17 years$1,531$1,281$1,067$884$730$560
18 years$1,431$1,184$974$797$649$489
19 years$1,341$1,097$892$720$578$427
20 years$1,261$1,020$818$652$517$374
21 years$1,188$950$753$592$462$328
22 years$1,122$887$694$538$414$288
23 years$1,062$829$640$490$372$254
24 years$1,007$777$592$447$334$223
25 years$956$729$549$408$301$197
26 years$910$685$509$373$271$174
27 years$867$645$472$342$244$153
28 years$827$608$439$313$220$135
29 years$790$573$409$287$199$120
30 years$755$541$381$263$180$106
31 years$723$512$355$242$163$94
32 years$693$484$331$222$147$83
33 years$664$459$309$204$133$73
34 years$638$435$289$188$121$65
35 years$613$412$270$173$109$57
36 years$589$391$253$159$99$51
37 years$567$372$236$147$90$45
38 years$546$353$221$135$81$40
39 years$526$336$207$125$74$35
40 years$507$320$194$115$67$31
41 years$489$304$182$106$61$28
42 years$472$290$171$98$55$25
43 years$456$276$161$91$50$22
44 years$441$263$151$84$45$19
45 years$426$251$141$77$41$17
46 years$412$239$133$71$37$15
47 years$399$228$125$66$34$14
48 years$386$218$117$61$31$12
49 years$374$208$110$56$28$11
50 years$362$199$104$52$25$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $371,000, adding $4,381 every year, while hoping to spend $34,193 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: 69/19/12 Blend
53$371,000$371,000$371,000$371,000
54$413,361$393,698$387,948$440,514
55$419,143$376,608$364,563$442,028
56$424,368$357,535$339,248$439,156
57$428,945$336,345$311,904$435,120
58$432,768$312,897$282,424$429,801
59$435,724$287,043$250,699$423,066
60$437,685$258,624$216,614$414,774
61$438,507$227,475$180,049$404,768
62$438,032$193,419$140,878$392,877
63$436,085$156,270$98,971$378,914
64$432,471$115,833$54,192$362,676
65$426,973$71,899$6,398$343,938
66$419,352$24,249$0$322,457
67$409,341$0$0$303,677
68$396,647$0$0$288,556
69$380,943$0$0$276,203
70$361,867$0$0$261,275
71$339,021$0$0$243,466
72$311,963$0$0$222,441
73$280,203$0$0$197,826
74$243,201$0$0$169,210
75$200,359$0$0$136,139
76$151,015$0$0$98,108
77$94,441$0$0$54,564
78$29,829$0$0$4,891
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
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