Can I retire at age 54 with 384,000?

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 $384,000?

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$31,710$31,428$31,152$30,883$30,621$30,314
2 years$15,698$15,406$15,122$14,848$14,581$14,272
3 years$10,362$10,068$9,785$9,513$9,251$8,949
4 years$7,694$7,401$7,121$6,854$6,598$6,306
5 years$6,093$5,802$5,526$5,264$5,016$4,734
6 years$5,027$4,738$4,466$4,210$3,969$3,698
7 years$4,265$3,979$3,711$3,461$3,228$2,968
8 years$3,695$3,411$3,148$2,903$2,678$2,429
9 years$3,251$2,970$2,711$2,473$2,255$2,017
10 years$2,896$2,618$2,363$2,132$1,921$1,694
11 years$2,606$2,330$2,081$1,855$1,652$1,436
12 years$2,364$2,092$1,847$1,627$1,432$1,226
13 years$2,160$1,890$1,650$1,437$1,249$1,053
14 years$1,985$1,718$1,482$1,275$1,095$909
15 years$1,834$1,570$1,338$1,137$964$787
16 years$1,701$1,440$1,213$1,018$852$685
17 years$1,585$1,326$1,104$915$755$597
18 years$1,481$1,225$1,008$825$672$522
19 years$1,388$1,136$923$745$599$457
20 years$1,305$1,055$847$675$535$402
21 years$1,230$983$779$612$478$353
22 years$1,162$918$718$557$429$311
23 years$1,099$858$663$507$385$274
24 years$1,042$804$613$463$346$242
25 years$990$755$568$422$311$214
26 years$942$709$527$386$280$189
27 years$897$667$489$354$253$167
28 years$856$629$455$324$228$148
29 years$817$593$423$297$206$131
30 years$782$560$394$273$186$116
31 years$748$530$367$250$168$103
32 years$717$501$343$230$152$91
33 years$688$475$320$212$138$81
34 years$660$450$299$195$125$72
35 years$634$427$280$179$113$64
36 years$610$405$262$165$102$57
37 years$587$385$245$152$93$50
38 years$565$366$229$140$84$45
39 years$545$348$215$129$76$40
40 years$525$331$201$119$69$35
41 years$506$315$189$110$63$31
42 years$489$300$177$102$57$28
43 years$472$286$166$94$52$25
44 years$456$272$156$87$47$22
45 years$441$260$146$80$43$20
46 years$427$248$138$74$39$17
47 years$413$236$129$68$35$16
48 years$400$226$121$63$32$14
49 years$387$216$114$58$29$12
50 years$375$206$107$54$26$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $384,000, adding $4,592 every year, while hoping to spend $27,601 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: 47/29/24 Blend
53$384,000$384,000$384,000$384,000
54$427,905$407,553$401,601$444,891
55$442,184$398,155$385,687$447,875
56$456,994$387,373$368,315$448,021
57$472,361$375,108$349,407$447,626
58$488,311$361,257$328,882$446,652
59$504,873$345,713$306,653$445,059
60$522,076$328,359$282,633$442,806
61$539,955$309,075$256,727$439,849
62$558,542$287,732$228,840$436,145
63$577,876$264,194$198,869$431,645
64$597,997$238,316$166,708$426,300
65$618,947$209,948$132,247$420,059
66$640,772$178,929$95,370$412,869
67$663,523$145,088$55,957$404,672
68$687,252$108,247$13,881$395,413
69$712,016$68,216$0$385,029
70$737,879$24,796$0$381,403
71$764,907$0$0$380,836
72$793,172$0$0$386,830
73$822,753$0$0$401,396
74$853,734$0$0$416,663
75$886,208$0$0$432,679
76$920,274$0$0$449,494
77$956,041$0$0$467,164
78$993,626$0$0$485,748
79$1,033,156$0$0$505,312
80$1,074,771$0$0$525,928
81$1,118,623$0$0$547,672
82$1,164,875$0$0$570,629
83$1,213,708$0$0$594,891
84$1,265,317$0$0$620,559
85$1,319,916$0$0$647,742
86$1,377,739$0$0$676,560
87$1,439,040$0$0$707,144
88$1,504,099$0$0$739,637
89$1,573,219$0$0$774,196
90$1,646,734$0$0$810,993
91$1,725,008$0$0$850,214
92$1,808,441$0$0$892,065
93$1,897,470$0$0$936,772
94$1,992,574$0$0$984,581
95$2,094,278$0$0$1,035,762
96$2,203,157$0$0$1,090,613
97$2,319,842$0$0$1,149,459
98$2,445,026$0$0$1,212,656
99$2,579,469$0$0$1,280,597
100$2,724,004$0$0$1,353,712