Can I retire at age 54 with 373,000?

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 $373,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$30,802$30,528$30,260$29,999$29,744$29,445
2 years$15,249$14,965$14,689$14,422$14,164$13,863
3 years$10,065$9,779$9,505$9,241$8,986$8,693
4 years$7,473$7,189$6,917$6,657$6,409$6,125
5 years$5,919$5,636$5,368$5,113$4,872$4,598
6 years$4,883$4,602$4,338$4,089$3,855$3,592
7 years$4,143$3,865$3,605$3,362$3,135$2,883
8 years$3,589$3,313$3,057$2,820$2,601$2,359
9 years$3,158$2,885$2,633$2,402$2,190$1,959
10 years$2,813$2,543$2,296$2,071$1,866$1,646
11 years$2,531$2,264$2,021$1,802$1,605$1,395
12 years$2,297$2,032$1,794$1,581$1,391$1,191
13 years$2,098$1,836$1,603$1,396$1,213$1,023
14 years$1,928$1,669$1,440$1,239$1,063$883
15 years$1,781$1,525$1,300$1,105$936$765
16 years$1,653$1,399$1,179$989$827$665
17 years$1,539$1,288$1,073$889$734$580
18 years$1,439$1,190$979$801$652$507
19 years$1,349$1,103$896$724$581$444
20 years$1,268$1,025$823$656$519$390
21 years$1,195$955$757$595$465$343
22 years$1,128$891$697$541$417$302
23 years$1,068$834$644$493$374$266
24 years$1,012$781$595$449$336$235
25 years$962$733$552$410$302$208
26 years$915$689$512$375$272$184
27 years$871$648$475$343$246$162
28 years$831$611$442$315$222$144
29 years$794$576$411$289$200$127
30 years$759$544$383$265$181$113
31 years$727$515$357$243$163$100
32 years$696$487$333$224$148$89
33 years$668$461$311$206$134$79
34 years$641$437$290$189$121$70
35 years$616$414$272$174$110$62
36 years$592$393$254$160$99$55
37 years$570$374$238$148$90$49
38 years$549$355$223$136$82$43
39 years$529$338$209$126$74$39
40 years$510$321$196$116$67$34
41 years$492$306$183$107$61$31
42 years$475$291$172$99$55$27
43 years$459$277$161$91$50$24
44 years$443$265$151$84$46$21
45 years$428$252$142$78$41$19
46 years$414$241$134$72$38$17
47 years$401$230$126$66$34$15
48 years$388$219$118$61$31$13
49 years$376$209$111$57$28$12
50 years$364$200$104$52$26$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $373,000, adding $5,901 every year, while hoping to spend $30,376 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: 80/12/8 Blend
53$373,000$373,000$373,000$373,000
54$417,133$397,364$391,582$449,592
55$427,361$384,515$372,381$458,866
56$437,613$370,018$351,517$464,447
57$447,862$353,761$328,905$469,661
58$458,073$335,624$304,452$474,455
59$468,207$315,481$278,063$478,774
60$478,223$293,198$249,637$482,552
61$488,072$268,635$219,070$485,723
62$497,699$241,642$186,252$488,209
63$507,043$212,061$151,070$489,929
64$516,036$179,726$113,405$490,790
65$524,600$144,461$73,132$490,692
66$532,649$106,079$30,122$489,526
67$540,087$64,385$0$487,170
68$546,806$19,171$0$484,840
69$552,688$0$0$483,874
70$557,598$0$0$485,485
71$561,387$0$0$488,633
72$563,891$0$0$490,643
73$564,925$0$0$491,350
74$564,285$0$0$490,576
75$561,745$0$0$488,119
76$557,053$0$0$483,758
77$549,929$0$0$477,247
78$540,065$0$0$468,312
79$527,117$0$0$456,651
80$510,705$0$0$441,929
81$490,409$0$0$423,773
82$465,762$0$0$401,775
83$436,249$0$0$375,478
84$401,299$0$0$344,379
85$360,282$0$0$307,922
86$312,500$0$0$265,492
87$257,182$0$0$216,408
88$193,474$0$0$159,918
89$120,435$0$0$95,191
90$37,024$0$0$21,310
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