Can I retire at age 54 with 397,000?

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 $397,000?

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$32,784$32,492$32,207$31,929$31,657$30,942
2 years$16,230$15,927$15,634$15,350$15,075$14,358
3 years$10,712$10,409$10,117$9,835$9,564$8,868
4 years$7,954$7,652$7,362$7,086$6,821$6,152
5 years$6,300$5,999$5,713$5,442$5,185$4,544
6 years$5,197$4,899$4,617$4,352$4,103$3,490
7 years$4,410$4,114$3,837$3,578$3,337$2,753
8 years$3,820$3,526$3,254$3,002$2,768$2,213
9 years$3,361$3,070$2,803$2,557$2,331$1,804
10 years$2,994$2,706$2,443$2,204$1,986$1,487
11 years$2,694$2,409$2,151$1,918$1,708$1,236
12 years$2,444$2,162$1,909$1,682$1,480$1,034
13 years$2,233$1,954$1,706$1,485$1,291$870
14 years$2,052$1,776$1,533$1,319$1,132$736
15 years$1,896$1,623$1,384$1,176$996$624
16 years$1,759$1,489$1,255$1,053$881$531
17 years$1,638$1,371$1,142$946$781$453
18 years$1,531$1,267$1,042$853$694$387
19 years$1,435$1,174$954$770$619$332
20 years$1,349$1,091$876$698$553$285
21 years$1,272$1,016$805$633$495$244
22 years$1,201$949$742$576$443$210
23 years$1,137$887$685$524$398$181
24 years$1,078$831$634$478$358$156
25 years$1,024$780$587$437$322$134
26 years$974$733$544$399$290$116
27 years$928$690$506$366$261$100
28 years$885$650$470$335$236$86
29 years$845$613$437$307$213$75
30 years$808$579$407$282$192$64
31 years$774$548$380$259$174$56
32 years$741$518$354$238$157$48
33 years$711$491$331$219$142$42
34 years$683$465$309$201$129$36
35 years$656$441$289$185$117$31
36 years$631$419$270$171$106$27
37 years$607$398$253$157$96$23
38 years$584$378$237$145$87$20
39 years$563$359$222$134$79$17
40 years$543$342$208$123$72$15
41 years$524$325$195$114$65$13
42 years$505$310$183$105$59$11
43 years$488$295$172$97$53$10
44 years$472$282$161$89$49$8
45 years$456$268$151$83$44$7
46 years$441$256$142$76$40$6
47 years$427$244$134$70$36$5
48 years$413$233$126$65$33$5
49 years$400$223$118$60$30$4
50 years$388$213$111$56$27$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $397,000, adding $2,291 every year, while hoping to spend $30,719 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: 45/46/9 Blend
53$397,000$397,000$397,000$397,000
54$439,857$418,816$412,663$458,436
55$452,038$406,653$393,802$459,357
56$464,431$392,865$373,280$457,014
57$477,027$377,339$351,009$453,773
58$489,812$359,957$326,896$449,561
59$502,771$340,593$300,845$444,301
60$515,886$319,115$272,756$437,911
61$529,137$295,382$242,524$430,304
62$542,499$269,246$210,038$421,386
63$555,945$240,550$175,186$411,056
64$569,443$209,128$137,846$399,209
65$582,957$174,806$97,894$385,730
66$596,445$137,398$55,200$370,497
67$609,861$96,709$9,628$353,380
68$623,151$52,532$0$334,241
69$636,257$4,650$0$316,676
70$649,109$0$0$298,011
71$661,633$0$0$301,041
72$673,744$0$0$306,194
73$685,345$0$0$311,068
74$696,331$0$0$315,609
75$706,581$0$0$319,756
76$715,962$0$0$323,443
77$724,325$0$0$326,595
78$731,504$0$0$329,129
79$737,315$0$0$330,951
80$741,550$0$0$331,959
81$743,983$0$0$332,038
82$744,357$0$0$331,061
83$742,391$0$0$328,887
84$737,771$0$0$325,359
85$730,149$0$0$320,304
86$719,139$0$0$313,528
87$704,313$0$0$304,818
88$685,197$0$0$293,938
89$661,266$0$0$280,627
90$631,939$0$0$264,594
91$596,572$0$0$245,519
92$554,454$0$0$223,047
93$504,795$0$0$196,786
94$446,726$0$0$166,303
95$379,282$0$0$131,118
96$301,400$0$0$90,702
97$211,902$0$0$44,468
98$109,487$0$0$0
99$0$0$0$0
100$0$0$0$0