Can I retire at age 54 with 330,000?

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 $330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$27,251$27,008$26,772$26,540$26,315$26,127
2 years$13,491$13,239$12,996$12,760$12,531$12,341
3 years$8,904$8,652$8,409$8,175$7,950$7,765
4 years$6,612$6,360$6,120$5,890$5,670$5,491
5 years$5,237$4,986$4,749$4,524$4,310$4,137
6 years$4,320$4,072$3,838$3,618$3,411$3,244
7 years$3,666$3,420$3,189$2,974$2,774$2,614
8 years$3,175$2,931$2,705$2,495$2,301$2,148
9 years$2,794$2,552$2,330$2,125$1,938$1,791
10 years$2,489$2,250$2,031$1,832$1,651$1,511
11 years$2,239$2,003$1,788$1,594$1,420$1,286
12 years$2,032$1,797$1,587$1,399$1,231$1,103
13 years$1,856$1,624$1,418$1,235$1,073$951
14 years$1,706$1,477$1,274$1,096$941$825
15 years$1,576$1,349$1,150$977$828$718
16 years$1,462$1,238$1,043$875$732$627
17 years$1,362$1,140$949$786$649$550
18 years$1,273$1,053$866$709$577$483
19 years$1,193$976$793$640$514$425
20 years$1,122$907$728$580$459$375
21 years$1,057$845$669$526$411$332
22 years$998$789$617$479$369$294
23 years$945$738$570$436$331$260
24 years$896$691$527$398$297$231
25 years$851$649$488$363$268$205
26 years$809$610$453$332$241$182
27 years$771$574$420$304$217$162
28 years$735$541$391$278$196$144
29 years$702$510$364$255$177$129
30 years$672$482$339$234$160$115
31 years$643$455$316$215$145$102
32 years$616$431$295$198$131$91
33 years$591$408$275$182$118$81
34 years$567$387$257$167$107$73
35 years$545$367$240$154$97$65
36 years$524$348$225$142$88$58
37 years$504$331$210$131$80$52
38 years$486$314$197$120$72$46
39 years$468$299$185$111$66$41
40 years$451$284$173$102$59$37
41 years$435$271$162$95$54$33
42 years$420$258$152$87$49$30
43 years$406$246$143$81$44$26
44 years$392$234$134$74$40$24
45 years$379$223$126$69$37$21
46 years$367$213$118$63$33$19
47 years$355$203$111$59$30$17
48 years$343$194$104$54$27$15
49 years$333$185$98$50$25$14
50 years$322$177$92$46$23$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $330,000, adding $3,974 every year, while hoping to spend $22,679 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: 85/8/7 Blend
53$330,000$330,000$330,000$330,000
54$367,759$350,269$345,154$398,464
55$381,140$343,302$332,587$412,128
56$395,126$335,234$318,838$423,628
57$409,755$325,986$303,844$435,542
58$425,067$315,476$287,540$447,899
59$441,106$303,617$269,855$460,726
60$457,921$290,316$250,718$474,055
61$475,563$275,476$230,051$487,923
62$494,090$258,993$207,777$502,367
63$513,561$240,758$183,812$517,430
64$534,045$220,656$158,070$533,158
65$555,613$198,564$130,461$549,603
66$578,345$174,352$100,890$566,821
67$602,326$147,885$69,260$584,874
68$627,650$119,019$35,467$603,831
69$654,420$87,600$0$623,766
70$682,747$53,469$0$644,808
71$712,753$16,455$0$669,834
72$744,571$0$0$696,300
73$778,347$0$0$726,408
74$814,239$0$0$759,944
75$852,423$0$0$795,624
76$893,087$0$0$833,625
77$936,442$0$0$874,143
78$982,715$0$0$917,392
79$1,032,156$0$0$963,606
80$1,085,041$0$0$1,013,041
81$1,141,669$0$0$1,065,980
82$1,202,371$0$0$1,122,732
83$1,267,509$0$0$1,183,635
84$1,337,479$0$0$1,249,062
85$1,412,717$0$0$1,319,419
86$1,493,703$0$0$1,395,157
87$1,580,961$0$0$1,476,766
88$1,675,069$0$0$1,564,787
89$1,776,661$0$0$1,659,814
90$1,886,433$0$0$1,762,499
91$2,005,151$0$0$1,873,560
92$2,133,657$0$0$1,993,785
93$2,272,877$0$0$2,124,040
94$2,423,826$0$0$2,265,278
95$2,587,624$0$0$2,418,547
96$2,765,502$0$0$2,584,998
97$2,958,813$0$0$2,765,901
98$3,169,044$0$0$2,962,648
99$3,397,836$0$0$3,176,774
100$3,646,988$0$0$3,409,967