Can I retire at age 54 with 378,000?

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 $378,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$31,215$30,937$30,666$30,401$30,142$29,201
2 years$15,453$15,165$14,886$14,616$14,353$13,413
3 years$10,200$9,911$9,632$9,364$9,106$8,197
4 years$7,573$7,285$7,010$6,747$6,495$5,623
5 years$5,998$5,712$5,440$5,182$4,937$4,106
6 years$4,948$4,664$4,396$4,144$3,907$3,116
7 years$4,199$3,917$3,653$3,407$3,177$2,427
8 years$3,637$3,358$3,098$2,858$2,636$1,926
9 years$3,200$2,923$2,669$2,434$2,220$1,550
10 years$2,851$2,577$2,327$2,099$1,891$1,260
11 years$2,565$2,294$2,048$1,826$1,627$1,033
12 years$2,327$2,059$1,818$1,602$1,410$852
13 years$2,126$1,861$1,624$1,414$1,229$706
14 years$1,954$1,691$1,459$1,255$1,077$588
15 years$1,805$1,545$1,317$1,120$949$491
16 years$1,675$1,418$1,194$1,003$838$411
17 years$1,560$1,305$1,087$901$743$345
18 years$1,458$1,206$992$812$661$290
19 years$1,367$1,118$908$733$589$245
20 years$1,285$1,039$834$664$526$206
21 years$1,211$968$767$603$471$174
22 years$1,143$903$707$548$422$147
23 years$1,082$845$653$499$379$125
24 years$1,026$792$603$455$341$106
25 years$975$743$559$416$306$89
26 years$927$698$518$380$276$76
27 years$883$657$481$348$249$64
28 years$842$619$447$319$225$54
29 years$805$584$416$292$203$46
30 years$769$552$388$268$183$39
31 years$737$521$362$246$166$33
32 years$706$493$337$227$150$28
33 years$677$467$315$208$136$24
34 years$650$443$294$192$123$20
35 years$624$420$275$176$111$17
36 years$600$399$257$162$101$15
37 years$578$379$241$150$91$12
38 years$556$360$226$138$83$11
39 years$536$342$211$127$75$9
40 years$517$326$198$117$68$8
41 years$499$310$186$108$62$6
42 years$481$295$174$100$56$6
43 years$465$281$164$92$51$5
44 years$449$268$154$85$46$4
45 years$434$256$144$79$42$3
46 years$420$244$135$73$38$3
47 years$406$233$127$67$35$2
48 years$393$222$120$62$31$2
49 years$381$212$112$57$29$2
50 years$369$203$106$53$26$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $378,000, adding $4,685 every year, while hoping to spend $29,058 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: 34/49/17 Blend
53$378,000$378,000$378,000$378,000
54$421,389$401,355$395,496$433,362
55$433,453$390,103$377,827$431,296
56$445,774$377,327$358,593$426,029
57$458,346$362,920$337,710$419,730
58$471,166$346,771$315,091$412,325
59$484,223$328,762$290,646$403,734
60$497,511$308,768$264,279$393,874
61$511,016$286,656$235,891$382,654
62$524,726$262,289$205,379$369,981
63$538,624$235,517$172,636$355,752
64$552,691$206,185$137,547$339,861
65$566,906$174,128$99,995$322,195
66$581,243$139,173$59,857$302,633
67$595,672$101,135$17,005$281,047
68$610,160$59,820$0$257,300
69$624,668$15,023$0$236,460
70$639,153$0$0$216,793
71$653,564$0$0$213,122
72$667,846$0$0$217,473
73$681,934$0$0$221,720
74$695,758$0$0$225,835
75$709,236$0$0$229,787
76$722,277$0$0$233,541
77$734,781$0$0$237,058
78$746,634$0$0$240,294
79$757,707$0$0$243,200
80$767,861$0$0$245,723
81$776,935$0$0$247,800
82$784,754$0$0$249,366
83$791,120$0$0$250,344
84$795,814$0$0$250,651
85$798,593$0$0$250,196
86$799,187$0$0$248,874
87$797,294$0$0$246,572
88$792,580$0$0$243,163
89$784,675$0$0$238,506
90$773,169$0$0$232,447
91$757,605$0$0$224,812
92$737,479$0$0$215,411
93$712,232$0$0$204,033
94$681,245$0$0$190,444
95$643,833$0$0$174,385
96$599,238$0$0$155,571
97$546,620$0$0$133,684
98$485,053$0$0$108,376
99$413,511$0$0$79,259
100$330,859$0$0$45,907