Can I retire at age 54 with 392,000?

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 $392,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$32,371$32,083$31,801$31,527$31,259$31,114
2 years$16,025$15,727$15,438$15,157$14,885$14,739
3 years$10,577$10,278$9,989$9,711$9,444$9,301
4 years$7,854$7,555$7,270$6,996$6,735$6,597
5 years$6,220$5,923$5,641$5,374$5,120$4,986
6 years$5,132$4,837$4,559$4,298$4,051$3,922
7 years$4,354$4,062$3,789$3,533$3,295$3,171
8 years$3,772$3,482$3,213$2,964$2,733$2,614
9 years$3,319$3,032$2,767$2,525$2,302$2,187
10 years$2,956$2,672$2,413$2,176$1,961$1,852
11 years$2,660$2,379$2,124$1,894$1,687$1,582
12 years$2,414$2,135$1,885$1,661$1,462$1,362
13 years$2,205$1,930$1,684$1,467$1,275$1,179
14 years$2,026$1,754$1,513$1,302$1,117$1,026
15 years$1,872$1,602$1,366$1,161$984$897
16 years$1,737$1,470$1,239$1,040$870$787
17 years$1,618$1,354$1,127$934$771$693
18 years$1,512$1,251$1,029$842$686$611
19 years$1,417$1,159$942$761$611$541
20 years$1,332$1,077$865$689$546$479
21 years$1,256$1,004$795$625$488$425
22 years$1,186$937$733$568$438$378
23 years$1,122$876$677$518$393$337
24 years$1,064$821$626$472$353$300
25 years$1,011$770$580$431$318$268
26 years$961$724$538$394$286$239
27 years$916$681$499$361$258$214
28 years$874$642$464$331$233$191
29 years$834$606$432$303$210$171
30 years$798$572$402$278$190$153
31 years$764$541$375$256$172$137
32 years$732$512$350$235$155$123
33 years$702$485$327$216$141$111
34 years$674$459$305$199$127$99
35 years$647$436$285$183$115$89
36 years$623$413$267$169$104$80
37 years$599$393$250$155$95$72
38 years$577$373$234$143$86$64
39 years$556$355$219$132$78$58
40 years$536$338$205$122$71$52
41 years$517$321$193$112$64$47
42 years$499$306$181$104$58$42
43 years$482$292$170$96$53$38
44 years$466$278$159$88$48$34
45 years$450$265$149$82$43$31
46 years$436$253$140$75$39$27
47 years$421$241$132$70$36$25
48 years$408$230$124$64$33$22
49 years$395$220$117$59$30$20
50 years$383$210$110$55$27$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $392,000, adding $6,198 every year, while hoping to spend $32,629 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: 52/29/19 Blend
53$392,000$392,000$392,000$392,000
54$438,377$417,601$411,525$458,585
55$448,375$403,347$390,594$458,893
56$458,298$387,300$367,869$455,317
57$468,106$369,339$343,254$450,722
58$477,751$349,335$316,650$445,025
59$487,179$327,150$287,956$438,133
60$496,331$302,639$257,062$429,946
61$505,139$275,651$223,856$420,357
62$513,529$246,024$188,220$409,251
63$521,415$213,585$150,032$396,503
64$528,704$178,156$109,164$381,980
65$535,291$139,545$65,480$365,537
66$541,059$97,551$18,841$347,019
67$545,877$51,961$0$326,257
68$549,600$2,550$0$309,341
69$552,066$0$0$294,287
70$553,095$0$0$293,342
71$552,487$0$0$292,251
72$550,022$0$0$290,071
73$545,452$0$0$286,661
74$538,505$0$0$281,864
75$528,878$0$0$275,506
76$516,236$0$0$267,393
77$500,206$0$0$257,312
78$480,378$0$0$245,026
79$456,296$0$0$230,273
80$427,455$0$0$212,763
81$393,298$0$0$192,176
82$353,207$0$0$168,157
83$306,501$0$0$140,314
84$252,425$0$0$108,213
85$190,145$0$0$71,376
86$118,739$0$0$29,274
87$37,189$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0