Can I retire at age 54 with 315,000?

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 $315,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$26,012$25,781$25,555$25,334$25,119$24,713
2 years$12,877$12,638$12,405$12,180$11,961$11,553
3 years$8,500$8,259$8,027$7,804$7,589$7,192
4 years$6,311$6,071$5,842$5,622$5,412$5,029
5 years$4,999$4,760$4,533$4,318$4,114$3,746
6 years$4,124$3,887$3,664$3,453$3,256$2,903
7 years$3,499$3,264$3,044$2,839$2,648$2,310
8 years$3,031$2,798$2,582$2,382$2,196$1,874
9 years$2,667$2,436$2,224$2,029$1,850$1,543
10 years$2,376$2,147$1,939$1,749$1,576$1,284
11 years$2,138$1,912$1,707$1,522$1,355$1,078
12 years$1,939$1,716$1,515$1,335$1,175$912
13 years$1,772$1,551$1,353$1,179$1,024$775
14 years$1,628$1,409$1,216$1,046$898$663
15 years$1,504$1,288$1,098$933$791$568
16 years$1,396$1,181$995$835$699$489
17 years$1,300$1,088$906$751$620$422
18 years$1,215$1,005$827$676$551$365
19 years$1,139$932$757$611$491$316
20 years$1,071$866$695$554$439$275
21 years$1,009$806$639$502$392$239
22 years$953$753$589$457$352$208
23 years$902$704$544$416$316$181
24 years$855$660$503$379$284$158
25 years$812$619$466$347$255$138
26 years$773$582$432$317$230$121
27 years$736$548$401$290$207$105
28 years$702$516$373$266$187$92
29 years$671$487$347$244$169$81
30 years$641$460$323$224$153$71
31 years$614$435$301$205$138$62
32 years$588$411$281$189$125$54
33 years$564$389$263$174$113$47
34 years$542$369$245$160$102$42
35 years$520$350$229$147$93$36
36 years$500$332$215$135$84$32
37 years$481$316$201$125$76$28
38 years$464$300$188$115$69$25
39 years$447$285$176$106$63$22
40 years$431$271$165$98$57$19
41 years$415$258$155$90$51$17
42 years$401$246$145$83$47$15
43 years$387$234$136$77$42$13
44 years$374$223$128$71$38$11
45 years$362$213$120$66$35$10
46 years$350$203$113$61$32$9
47 years$339$194$106$56$29$8
48 years$328$185$100$52$26$7
49 years$317$177$94$48$24$6
50 years$308$169$88$44$22$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $315,000, adding $4,473 every year, while hoping to spend $24,650 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: 53/28/19 Blend
53$315,000$315,000$315,000$315,000
54$351,744$335,049$330,166$368,341
55$361,394$325,239$315,000$370,405
56$371,203$314,122$298,498$369,689
57$381,160$301,608$280,592$368,376
58$391,253$287,602$261,207$366,416
59$401,470$272,003$240,266$363,757
60$411,793$254,705$217,689$360,341
61$422,204$235,594$193,390$356,109
62$432,682$214,551$167,281$350,995
63$443,203$191,451$139,272$344,930
64$453,738$166,160$109,266$337,841
65$464,255$138,538$77,162$329,648
66$474,718$108,435$42,856$320,264
67$485,087$75,696$6,239$309,600
68$495,314$40,154$0$297,556
69$505,348$1,633$0$290,685
70$515,130$0$0$283,999
71$524,595$0$0$288,477
72$533,668$0$0$293,211
73$542,267$0$0$297,651
74$550,299$0$0$301,742
75$557,660$0$0$305,422
76$564,237$0$0$308,624
77$569,900$0$0$311,273
78$574,506$0$0$313,283
79$577,895$0$0$314,562
80$579,892$0$0$315,004
81$580,298$0$0$314,495
82$578,895$0$0$312,906
83$575,440$0$0$310,094
84$569,664$0$0$305,902
85$561,268$0$0$300,154
86$549,921$0$0$292,655
87$535,256$0$0$283,191
88$516,866$0$0$271,523
89$494,301$0$0$257,387
90$467,063$0$0$240,492
91$434,601$0$0$220,515
92$396,304$0$0$197,098
93$351,498$0$0$169,846
94$299,438$0$0$138,323
95$239,297$0$0$102,045
96$170,166$0$0$60,481
97$91,038$0$0$13,039
98$799$0$0$0
99$0$0$0$0
100$0$0$0$0