Can I retire at age 54 with 375,000?

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 $375,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$30,967$30,691$30,422$30,160$29,903$29,740
2 years$15,330$15,045$14,768$14,500$14,240$14,075
3 years$10,119$9,832$9,556$9,290$9,034$8,873
4 years$7,513$7,227$6,954$6,693$6,443$6,287
5 years$5,951$5,666$5,397$5,141$4,898$4,747
6 years$4,909$4,627$4,361$4,111$3,876$3,730
7 years$4,165$3,886$3,624$3,380$3,152$3,012
8 years$3,608$3,331$3,074$2,835$2,615$2,480
9 years$3,175$2,900$2,647$2,415$2,202$2,073
10 years$2,828$2,556$2,308$2,082$1,876$1,753
11 years$2,545$2,276$2,032$1,812$1,614$1,496
12 years$2,309$2,043$1,803$1,589$1,398$1,286
13 years$2,109$1,846$1,611$1,403$1,219$1,112
14 years$1,939$1,678$1,448$1,245$1,069$967
15 years$1,791$1,533$1,307$1,111$941$844
16 years$1,661$1,406$1,185$995$832$739
17 years$1,547$1,295$1,078$894$738$650
18 years$1,446$1,197$984$805$656$573
19 years$1,356$1,109$901$728$585$506
20 years$1,275$1,031$827$659$522$448
21 years$1,201$960$761$598$467$397
22 years$1,134$896$701$544$419$352
23 years$1,074$838$647$495$376$313
24 years$1,018$785$599$452$338$279
25 years$967$737$554$413$304$248
26 years$920$693$514$377$274$221
27 years$876$652$478$345$247$198
28 years$836$614$444$316$223$177
29 years$798$579$413$290$201$158
30 years$763$547$385$266$182$141
31 years$731$517$359$245$164$126
32 years$700$489$335$225$149$113
33 years$672$464$313$207$135$101
34 years$645$439$292$190$122$91
35 years$619$417$273$175$110$81
36 years$596$396$255$161$100$73
37 years$573$376$239$149$91$65
38 years$552$357$224$137$82$58
39 years$532$339$210$126$74$52
40 years$513$323$197$116$68$47
41 years$495$307$184$107$61$42
42 years$477$293$173$99$56$38
43 years$461$279$162$92$50$34
44 years$446$266$152$84$46$31
45 years$431$254$143$78$42$27
46 years$417$242$134$72$38$25
47 years$403$231$126$67$34$22
48 years$390$220$119$62$31$20
49 years$378$210$111$57$28$18
50 years$366$201$105$53$26$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $375,000, adding $6,185 every year, while hoping to spend $22,139 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: 65/30/5 Blend
53$375,000$375,000$375,000$375,000
54$419,630$399,755$393,942$446,213
55$438,876$395,787$383,584$460,690
56$459,344$390,883$372,136$473,278
57$481,134$384,973$359,539$486,439
58$504,357$377,984$345,731$500,226
59$529,135$369,838$330,646$514,698
60$555,599$360,454$314,216$529,922
61$583,897$349,742$296,369$545,970
62$614,187$337,613$277,030$562,924
63$646,645$323,966$256,122$580,875
64$681,463$308,701$233,562$599,924
65$718,851$291,706$209,265$620,182
66$759,041$272,867$183,142$641,776
67$802,287$252,061$155,101$664,842
68$848,867$229,159$125,044$689,536
69$899,088$204,024$92,870$716,029
70$953,286$176,512$58,472$744,510
71$1,011,831$146,471$21,740$775,191
72$1,075,129$113,739$0$808,306
73$1,143,625$78,146$0$845,047
74$1,217,812$39,512$0$886,069
75$1,298,228$0$0$930,538
76$1,385,467$0$0$979,592
77$1,480,181$0$0$1,047,032
78$1,583,088$0$0$1,120,328
79$1,694,977$0$0$1,200,044
80$1,816,717$0$0$1,286,803
81$1,949,263$0$0$1,381,289
82$2,093,667$0$0$1,484,254
83$2,251,085$0$0$1,596,527
84$2,422,793$0$0$1,719,019
85$2,610,190$0$0$1,852,735
86$2,814,821$0$0$1,998,778
87$3,038,383$0$0$2,158,365
88$3,282,747$0$0$2,332,835
89$3,549,971$0$0$2,523,661
90$3,842,322$0$0$2,732,468
91$4,162,296$0$0$2,961,042
92$4,512,640$0$0$3,211,351
93$4,896,383$0$0$3,485,563
94$5,316,856$0$0$3,786,063
95$5,777,730$0$0$4,115,482
96$6,283,048$0$0$4,476,713
97$6,837,261$0$0$4,872,946
98$7,445,275$0$0$5,307,692
99$8,112,491$0$0$5,784,819
100$8,844,858$0$0$6,308,590