Can I retire at age 54 with 249,000?

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 $249,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$20,562$20,379$20,200$20,026$19,856$19,722
2 years$10,179$9,990$9,806$9,628$9,455$9,321
3 years$6,719$6,528$6,345$6,169$5,999$5,867
4 years$4,989$4,799$4,618$4,444$4,278$4,151
5 years$3,951$3,763$3,583$3,414$3,252$3,129
6 years$3,260$3,072$2,896$2,730$2,573$2,455
7 years$2,766$2,580$2,407$2,244$2,093$1,979
8 years$2,396$2,212$2,041$1,883$1,736$1,627
9 years$2,108$1,926$1,758$1,604$1,462$1,358
10 years$1,878$1,697$1,533$1,382$1,246$1,146
11 years$1,690$1,511$1,349$1,203$1,071$976
12 years$1,533$1,356$1,197$1,055$929$837
13 years$1,401$1,226$1,070$932$810$723
14 years$1,287$1,114$961$827$710$627
15 years$1,189$1,018$868$738$625$546
16 years$1,103$934$787$660$552$478
17 years$1,027$860$716$593$490$419
18 years$960$795$654$535$435$368
19 years$900$736$598$483$388$325
20 years$846$684$549$438$347$287
21 years$797$637$505$397$310$254
22 years$753$595$466$361$278$225
23 years$713$557$430$329$250$199
24 years$676$521$398$300$224$177
25 years$642$489$368$274$202$157
26 years$611$460$341$250$182$140
27 years$582$433$317$229$164$125
28 years$555$408$295$210$148$111
29 years$530$385$274$193$134$99
30 years$507$363$256$177$121$88
31 years$485$343$238$162$109$79
32 years$465$325$222$149$99$70
33 years$446$308$208$137$89$63
34 years$428$292$194$126$81$56
35 years$411$277$181$116$73$50
36 years$395$263$170$107$66$45
37 years$381$249$159$99$60$40
38 years$366$237$149$91$55$36
39 years$353$225$139$84$49$32
40 years$340$214$131$77$45$29
41 years$328$204$122$71$41$26
42 years$317$194$115$66$37$23
43 years$306$185$108$61$34$21
44 years$296$177$101$56$30$18
45 years$286$168$95$52$28$17
46 years$277$161$89$48$25$15
47 years$268$153$84$44$23$13
48 years$259$146$79$41$21$12
49 years$251$140$74$38$19$11
50 years$243$133$70$35$17$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $249,000, adding $6,881 every year, while hoping to spend $21,750 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: 44/49/7 Blend
53$249,000$249,000$249,000$249,000
54$281,496$268,299$264,439$293,025
55$287,066$258,304$250,156$291,709
56$292,476$247,090$234,666$287,500
57$297,686$234,574$217,904$282,434
58$302,652$220,670$199,806$276,441
59$307,324$205,285$180,301$269,444
60$311,648$188,320$159,317$261,361
61$315,561$169,673$136,779$252,103
62$318,995$149,234$112,608$241,577
63$321,874$126,887$86,722$229,678
64$324,112$102,512$59,035$216,298
65$325,615$75,978$29,456$201,317
66$326,277$47,151$0$184,607
67$325,981$15,885$0$166,190
68$324,598$0$0$148,116
69$321,982$0$0$137,720
70$317,974$0$0$135,197
71$312,397$0$0$131,895
72$305,054$0$0$127,718
73$295,726$0$0$122,559
74$284,173$0$0$116,301
75$270,127$0$0$108,813
76$253,294$0$0$99,953
77$233,345$0$0$89,560
78$209,919$0$0$77,458
79$182,617$0$0$63,453
80$150,994$0$0$47,330
81$114,564$0$0$28,850
82$72,785$0$0$7,751
83$25,060$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$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