Can I retire at age 54 with 372,000?

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 $372,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$30,719$30,446$30,179$29,918$29,664$29,233
2 years$15,208$14,924$14,650$14,384$14,126$13,692
3 years$10,038$9,753$9,479$9,216$8,962$8,539
4 years$7,453$7,170$6,899$6,639$6,392$5,984
5 years$5,903$5,621$5,354$5,100$4,859$4,466
6 years$4,870$4,590$4,327$4,078$3,845$3,468
7 years$4,132$3,855$3,595$3,353$3,127$2,767
8 years$3,579$3,304$3,049$2,813$2,594$2,250
9 years$3,149$2,877$2,626$2,396$2,184$1,856
10 years$2,805$2,536$2,290$2,065$1,861$1,549
11 years$2,524$2,258$2,016$1,797$1,601$1,304
12 years$2,290$2,026$1,789$1,577$1,387$1,105
13 years$2,093$1,831$1,598$1,392$1,210$942
14 years$1,923$1,664$1,436$1,236$1,060$807
15 years$1,776$1,520$1,297$1,102$934$694
16 years$1,648$1,395$1,176$987$825$599
17 years$1,535$1,285$1,070$886$732$519
18 years$1,435$1,187$976$799$651$450
19 years$1,345$1,100$894$722$580$391
20 years$1,264$1,022$820$654$518$341
21 years$1,191$952$755$593$463$297
22 years$1,125$889$695$539$415$259
23 years$1,065$831$642$491$373$227
24 years$1,010$779$594$448$335$198
25 years$959$731$550$409$302$174
26 years$912$687$510$374$272$152
27 years$869$647$474$343$245$134
28 years$829$609$440$314$221$117
29 years$792$575$410$288$200$103
30 years$757$543$382$264$180$90
31 years$725$513$356$243$163$79
32 years$695$486$332$223$147$70
33 years$666$460$310$205$133$61
34 years$640$436$290$189$121$54
35 years$614$413$271$174$109$47
36 years$591$392$253$160$99$42
37 years$569$373$237$147$90$37
38 years$547$354$222$136$81$32
39 years$527$337$208$125$74$28
40 years$509$320$195$115$67$25
41 years$491$305$183$107$61$22
42 years$474$290$172$98$55$19
43 years$457$277$161$91$50$17
44 years$442$264$151$84$45$15
45 years$427$252$142$77$41$13
46 years$413$240$133$72$37$12
47 years$400$229$125$66$34$10
48 years$387$219$118$61$31$9
49 years$375$209$111$56$28$8
50 years$363$199$104$52$25$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $372,000, adding $6,848 every year, while hoping to spend $32,483 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: 62/33/5 Blend
53$372,000$372,000$372,000$372,000
54$417,008$397,292$391,526$442,106
55$424,981$382,197$370,080$444,595
56$432,679$365,275$346,827$442,883
57$440,038$346,400$321,673$440,169
58$446,991$325,442$294,517$436,355
59$453,457$302,262$265,257$431,334
60$459,351$276,714$233,784$424,990
61$464,574$248,642$199,985$417,198
62$469,019$217,884$163,743$407,821
63$472,565$184,266$124,934$396,710
64$475,077$147,605$83,430$383,704
65$476,405$107,709$39,096$368,627
66$476,385$64,373$0$351,287
67$474,832$17,383$0$331,916
68$471,541$0$0$312,104
69$466,284$0$0$301,684
70$458,811$0$0$296,045
71$448,842$0$0$288,685
72$436,067$0$0$279,391
73$420,146$0$0$267,928
74$400,698$0$0$254,037
75$377,303$0$0$237,432
76$349,498$0$0$217,793
77$316,768$0$0$194,769
78$278,547$0$0$167,972
79$234,205$0$0$136,972
80$183,048$0$0$101,294
81$124,309$0$0$60,413
82$57,141$0$0$13,748
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