Can I retire at age 54 with 395,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $395,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$32,619$32,328$32,045$31,768$31,498$30,938
2 years$16,148$15,847$15,556$15,273$14,999$14,437
3 years$10,658$10,356$10,066$9,786$9,516$8,969
4 years$7,914$7,613$7,325$7,050$6,787$6,259
5 years$6,268$5,969$5,685$5,415$5,159$4,653
6 years$5,171$4,874$4,594$4,330$4,082$3,597
7 years$4,388$4,093$3,818$3,560$3,320$2,857
8 years$3,800$3,509$3,238$2,987$2,754$2,312
9 years$3,344$3,055$2,789$2,544$2,320$1,899
10 years$2,979$2,693$2,431$2,193$1,976$1,577
11 years$2,681$2,397$2,140$1,909$1,700$1,321
12 years$2,432$2,152$1,900$1,674$1,473$1,114
13 years$2,222$1,944$1,697$1,478$1,284$945
14 years$2,042$1,767$1,525$1,312$1,126$805
15 years$1,886$1,615$1,377$1,170$991$689
16 years$1,750$1,481$1,248$1,048$876$591
17 years$1,630$1,364$1,136$941$777$509
18 years$1,523$1,261$1,037$848$691$439
19 years$1,428$1,168$949$766$616$379
20 years$1,342$1,086$871$694$550$328
21 years$1,265$1,011$801$630$492$284
22 years$1,195$944$738$573$441$247
23 years$1,131$883$682$522$396$214
24 years$1,072$827$631$476$356$186
25 years$1,018$776$584$435$320$162
26 years$969$730$542$397$288$141
27 years$923$687$503$364$260$123
28 years$880$647$468$333$235$107
29 years$841$610$435$306$212$94
30 years$804$576$405$280$191$82
31 years$770$545$378$258$173$71
32 years$738$516$353$237$157$62
33 years$707$488$329$218$142$54
34 years$679$463$308$200$128$48
35 years$652$439$288$184$116$42
36 years$627$417$269$170$105$36
37 years$604$396$252$156$95$32
38 years$581$376$236$144$87$28
39 years$560$358$221$133$78$24
40 years$540$340$207$123$71$21
41 years$521$324$194$113$65$19
42 years$503$308$182$104$59$16
43 years$486$294$171$96$53$14
44 years$469$280$160$89$48$12
45 years$454$267$151$82$44$11
46 years$439$255$141$76$40$9
47 years$425$243$133$70$36$8
48 years$411$232$125$65$33$7
49 years$398$222$117$60$30$6
50 years$386$212$110$55$27$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $395,000, adding $3,239 every year, while hoping to spend $24,447 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: 27/46/27 Blend
53$395,000$395,000$395,000$395,000
54$438,631$417,696$411,574$446,715
55$457,360$412,152$399,350$447,937
56$477,180$405,516$385,897$446,927
57$498,176$397,711$371,149$445,342
58$520,443$388,651$355,035$443,151
59$544,081$378,248$337,481$440,319
60$569,202$366,407$318,412$436,814
61$595,930$353,030$297,748$432,601
62$624,396$338,010$275,404$427,647
63$654,748$321,236$251,294$421,916
64$687,146$302,590$225,326$415,374
65$721,765$281,948$197,404$407,987
66$758,799$259,176$167,431$399,720
67$798,457$234,136$135,300$390,539
68$840,971$206,681$100,904$380,413
69$886,596$176,654$64,130$369,310
70$935,609$143,891$24,859$357,200
71$988,317$108,217$0$344,057
72$1,045,056$69,450$0$334,767
73$1,106,194$27,395$0$332,359
74$1,172,135$0$0$329,686
75$1,243,326$0$0$335,963
76$1,320,255$0$0$357,783
77$1,403,459$0$0$381,435
78$1,493,529$0$0$407,096
79$1,591,113$0$0$434,957
80$1,696,927$0$0$465,229
81$1,811,754$0$0$498,145
82$1,936,459$0$0$533,960
83$2,071,991$0$0$572,956
84$2,219,394$0$0$615,443
85$2,379,818$0$0$661,761
86$2,554,528$0$0$712,285
87$2,744,915$0$0$767,427
88$2,952,511$0$0$827,643
89$3,179,002$0$0$893,431
90$3,426,244$0$0$965,343
91$3,696,277$0$0$1,043,985
92$3,991,352$0$0$1,130,023
93$4,313,943$0$0$1,224,194
94$4,666,776$0$0$1,327,305
95$5,052,851$0$0$1,440,249
96$5,475,473$0$0$1,564,006
97$5,938,280$0$0$1,699,657
98$6,445,279$0$0$1,848,392
99$7,000,883$0$0$2,011,522
100$7,609,951$0$0$2,190,491