Can I retire at age 54 with 377,000?

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 $377,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$31,132$30,855$30,584$30,320$30,063$29,384
2 years$15,412$15,125$14,847$14,577$14,315$13,635
3 years$10,173$9,884$9,607$9,340$9,082$8,422
4 years$7,553$7,266$6,991$6,729$6,478$5,842
5 years$5,982$5,697$5,426$5,168$4,924$4,315
6 years$4,935$4,652$4,385$4,133$3,896$3,315
7 years$4,188$3,907$3,644$3,398$3,169$2,614
8 years$3,627$3,349$3,090$2,851$2,629$2,102
9 years$3,192$2,916$2,662$2,428$2,214$1,714
10 years$2,843$2,570$2,320$2,093$1,886$1,412
11 years$2,558$2,288$2,043$1,822$1,622$1,174
12 years$2,321$2,053$1,813$1,598$1,406$982
13 years$2,121$1,856$1,620$1,411$1,226$827
14 years$1,949$1,687$1,455$1,252$1,075$699
15 years$1,800$1,541$1,314$1,117$946$593
16 years$1,670$1,414$1,191$1,000$836$504
17 years$1,556$1,302$1,084$898$741$430
18 years$1,454$1,203$990$810$659$368
19 years$1,363$1,115$906$732$588$315
20 years$1,281$1,036$831$663$525$270
21 years$1,207$965$765$601$470$232
22 years$1,140$901$705$547$421$200
23 years$1,079$843$651$498$378$172
24 years$1,023$789$602$454$340$148
25 years$972$741$557$415$306$128
26 years$925$696$517$379$275$110
27 years$881$655$480$347$248$95
28 years$840$618$446$318$224$82
29 years$803$583$415$292$202$71
30 years$767$550$387$268$183$61
31 years$735$520$361$246$165$53
32 years$704$492$337$226$149$46
33 years$675$466$314$208$135$40
34 years$648$442$294$191$122$34
35 years$623$419$274$176$111$30
36 years$599$398$257$162$101$26
37 years$576$378$240$149$91$22
38 years$555$359$225$138$83$19
39 years$535$341$211$127$75$17
40 years$515$325$198$117$68$14
41 years$497$309$185$108$62$12
42 years$480$294$174$100$56$11
43 years$464$280$163$92$51$9
44 years$448$267$153$85$46$8
45 years$433$255$144$78$42$7
46 years$419$243$135$72$38$6
47 years$405$232$127$67$34$5
48 years$392$222$119$62$31$5
49 years$380$212$112$57$28$4
50 years$368$202$105$53$26$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $377,000, adding $6,280 every year, while hoping to spend $23,305 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: 36/43/21 Blend
53$377,000$377,000$377,000$377,000
54$421,932$401,951$396,107$434,246
55$440,173$396,850$384,581$438,707
56$459,493$390,718$371,887$440,902
57$479,978$383,480$357,962$442,794
58$501,721$375,057$342,739$444,370
59$524,826$365,363$326,150$445,619
60$549,402$354,310$308,120$446,527
61$575,573$341,804$288,574$447,086
62$603,473$327,743$267,433$447,285
63$633,248$312,024$244,613$447,116
64$665,060$294,533$220,027$446,576
65$699,083$275,152$193,585$445,660
66$735,512$253,757$165,193$444,368
67$774,557$230,214$134,750$442,703
68$816,452$204,385$102,154$440,672
69$861,452$176,121$67,298$438,286
70$909,836$145,267$30,068$435,561
71$961,911$111,657$0$432,519
72$1,018,014$75,117$0$431,355
73$1,078,517$35,463$0$437,270
74$1,143,827$0$0$443,593
75$1,214,389$0$0$453,957
76$1,290,697$0$0$483,353
77$1,373,290$0$0$515,216
78$1,462,762$0$0$549,779
79$1,559,766$0$0$587,301
80$1,665,021$0$0$628,066
81$1,779,315$0$0$672,385
82$1,903,519$0$0$720,604
83$2,038,586$0$0$773,099
84$2,185,569$0$0$830,287
85$2,345,623$0$0$892,626
86$2,520,024$0$0$960,619
87$2,710,169$0$0$1,034,821
88$2,917,603$0$0$1,115,843
89$3,144,021$0$0$1,204,356
90$3,391,292$0$0$1,301,101
91$3,661,472$0$0$1,406,891
92$3,956,824$0$0$1,522,625
93$4,279,842$0$0$1,649,288
94$4,633,269$0$0$1,787,968
95$5,020,128$0$0$1,939,863
96$5,443,746$0$0$2,106,291
97$5,907,787$0$0$2,288,705
98$6,416,286$0$0$2,488,704
99$6,973,689$0$0$2,708,048
100$7,584,889$0$0$2,948,679