Can I retire at age 54 with 374,000?

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 $374,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$30,885$30,609$30,341$30,079$29,823$28,915
2 years$15,289$15,005$14,729$14,461$14,202$13,294
3 years$10,092$9,806$9,530$9,265$9,010$8,132
4 years$7,493$7,208$6,936$6,675$6,426$5,584
5 years$5,935$5,651$5,382$5,127$4,885$4,082
6 years$4,896$4,615$4,350$4,100$3,865$3,101
7 years$4,154$3,875$3,615$3,371$3,144$2,419
8 years$3,598$3,322$3,066$2,828$2,608$1,922
9 years$3,166$2,892$2,640$2,409$2,196$1,548
10 years$2,821$2,549$2,302$2,076$1,871$1,260
11 years$2,538$2,270$2,027$1,807$1,609$1,034
12 years$2,303$2,037$1,799$1,585$1,395$854
13 years$2,104$1,841$1,607$1,399$1,216$709
14 years$1,933$1,673$1,444$1,242$1,066$591
15 years$1,786$1,529$1,304$1,108$939$494
16 years$1,657$1,403$1,182$992$830$415
17 years$1,543$1,292$1,075$891$736$349
18 years$1,442$1,194$982$803$654$294
19 years$1,352$1,106$899$726$583$248
20 years$1,271$1,028$825$657$521$209
21 years$1,198$957$759$597$466$177
22 years$1,131$894$699$542$418$150
23 years$1,071$836$646$494$375$127
24 years$1,015$783$597$451$337$108
25 years$964$735$553$411$303$91
26 years$917$691$513$376$273$78
27 years$874$650$476$344$246$66
28 years$834$613$443$315$222$56
29 years$796$578$412$289$201$48
30 years$761$546$384$266$181$40
31 years$729$516$358$244$164$34
32 years$698$488$334$224$148$29
33 years$670$462$312$206$134$25
34 years$643$438$291$190$121$21
35 years$618$416$272$175$110$18
36 years$594$394$255$161$100$15
37 years$572$375$238$148$90$13
38 years$550$356$223$137$82$11
39 years$530$339$209$126$74$9
40 years$511$322$196$116$67$8
41 years$493$307$184$107$61$7
42 years$476$292$172$99$55$6
43 years$460$278$162$91$50$5
44 years$444$265$152$84$46$4
45 years$430$253$143$78$41$4
46 years$416$241$134$72$38$3
47 years$402$230$126$66$34$3
48 years$389$220$118$61$31$2
49 years$377$210$111$57$28$2
50 years$365$200$105$52$26$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $374,000, adding $4,268 every year, while hoping to spend $26,448 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: 80/10/10 Blend
53$374,000$374,000$374,000$374,000
54$416,550$396,728$390,931$448,855
55$430,898$388,028$375,887$461,960
56$445,823$378,014$359,453$472,449
57$461,356$366,596$341,553$483,177
58$477,529$353,674$322,111$494,155
59$494,380$339,147$301,044$505,397
60$511,946$322,905$278,268$516,916
61$530,269$304,831$253,694$528,727
62$549,393$284,804$227,230$540,846
63$569,366$262,695$198,777$553,294
64$590,240$238,366$168,235$566,090
65$612,072$211,673$135,498$579,258
66$634,922$182,463$100,456$592,826
67$658,855$150,576$62,992$606,821
68$683,944$115,839$22,988$621,276
69$710,265$78,074$0$636,229
70$737,903$37,091$0$653,821
71$766,948$0$0$674,750
72$797,500$0$0$697,431
73$829,666$0$0$725,611
74$863,564$0$0$755,312
75$899,322$0$0$786,647
76$937,078$0$0$819,738
77$976,986$0$0$854,719
78$1,019,211$0$0$891,737
79$1,063,933$0$0$930,950
80$1,111,351$0$0$972,533
81$1,161,681$0$0$1,016,676
82$1,215,160$0$0$1,063,587
83$1,272,045$0$0$1,113,495
84$1,332,621$0$0$1,166,648
85$1,397,195$0$0$1,223,319
86$1,466,109$0$0$1,283,808
87$1,539,734$0$0$1,348,441
88$1,618,477$0$0$1,417,578
89$1,702,786$0$0$1,491,612
90$1,793,149$0$0$1,570,975
91$1,890,104$0$0$1,656,140
92$1,994,242$0$0$1,747,627
93$2,106,209$0$0$1,846,007
94$2,226,717$0$0$1,951,905
95$2,356,544$0$0$2,066,010
96$2,496,550$0$0$2,189,075
97$2,647,674$0$0$2,321,933
98$2,810,953$0$0$2,465,493
99$2,987,522$0$0$2,620,757
100$3,178,631$0$0$2,788,829