Can I retire at age 54 with 360,000?

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 $360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$29,728$29,464$29,205$28,953$28,707$28,313
2 years$14,717$14,443$14,177$13,920$13,670$13,274
3 years$9,714$9,439$9,174$8,919$8,673$8,287
4 years$7,213$6,938$6,676$6,425$6,186$5,812
5 years$5,713$5,440$5,181$4,935$4,702$4,343
6 years$4,713$4,442$4,187$3,947$3,721$3,376
7 years$3,999$3,730$3,479$3,245$3,026$2,696
8 years$3,464$3,198$2,951$2,722$2,510$2,195
9 years$3,048$2,784$2,542$2,319$2,114$1,813
10 years$2,715$2,454$2,216$1,999$1,801$1,515
11 years$2,443$2,185$1,951$1,739$1,549$1,277
12 years$2,217$1,961$1,731$1,526$1,342$1,084
13 years$2,025$1,772$1,547$1,347$1,171$925
14 years$1,861$1,611$1,390$1,196$1,026$794
15 years$1,719$1,471$1,255$1,066$904$684
16 years$1,595$1,350$1,138$955$799$591
17 years$1,486$1,243$1,035$858$708$512
18 years$1,388$1,149$945$773$630$445
19 years$1,302$1,065$865$699$561$387
20 years$1,224$989$794$633$501$338
21 years$1,153$922$730$574$449$295
22 years$1,089$860$673$522$402$258
23 years$1,031$805$621$475$361$226
24 years$977$754$575$434$324$198
25 years$928$707$532$396$292$174
26 years$883$665$494$362$263$152
27 years$841$626$458$331$237$134
28 years$802$590$426$304$214$118
29 years$766$556$397$278$193$104
30 years$733$525$369$256$175$91
31 years$701$497$344$235$158$80
32 years$672$470$321$216$143$71
33 years$645$445$300$198$129$62
34 years$619$422$280$183$117$55
35 years$595$400$262$168$106$48
36 years$572$380$245$155$96$43
37 years$550$361$229$143$87$37
38 years$530$343$215$131$79$33
39 years$510$326$201$121$72$29
40 years$492$310$189$112$65$26
41 years$475$295$177$103$59$23
42 years$458$281$166$95$53$20
43 years$443$268$156$88$48$18
44 years$428$255$146$81$44$16
45 years$414$243$137$75$40$14
46 years$400$232$129$69$36$12
47 years$387$222$121$64$33$11
48 years$375$212$114$59$30$9
49 years$363$202$107$55$27$8
50 years$351$193$101$50$25$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $360,000, adding $5,571 every year, while hoping to spend $25,287 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: 32/46/22 Blend
53$360,000$360,000$360,000$360,000
54$402,466$383,386$377,806$412,468
55$416,613$375,267$363,558$412,341
56$431,355$365,903$347,984$409,533
57$446,726$355,205$331,015$405,988
58$462,763$343,081$312,575$401,657
59$479,507$329,434$292,588$396,489
60$496,998$314,158$270,971$390,431
61$515,284$297,143$247,641$383,426
62$534,414$278,275$222,508$375,417
63$554,442$257,428$195,480$366,341
64$575,428$234,474$166,461$356,135
65$597,433$209,275$135,349$344,732
66$620,527$181,686$102,039$332,061
67$644,785$151,552$66,421$318,051
68$670,287$118,713$28,381$302,625
69$697,122$82,995$0$285,705
70$725,386$44,220$0$270,077
71$755,183$2,194$0$260,083
72$786,628$0$0$248,998
73$819,844$0$0$258,671
74$854,967$0$0$270,098
75$892,145$0$0$282,219
76$931,539$0$0$295,091
77$973,326$0$0$308,774
78$1,017,698$0$0$323,336
79$1,064,867$0$0$338,850
80$1,115,062$0$0$355,396
81$1,168,538$0$0$373,063
82$1,225,570$0$0$391,946
83$1,286,460$0$0$412,151
84$1,351,543$0$0$433,794
85$1,421,180$0$0$457,002
86$1,495,771$0$0$481,915
87$1,575,754$0$0$508,685
88$1,661,609$0$0$537,480
89$1,753,862$0$0$568,486
90$1,853,093$0$0$601,904
91$1,959,935$0$0$637,956
92$2,075,087$0$0$676,888
93$2,199,315$0$0$718,967
94$2,333,460$0$0$764,489
95$2,478,447$0$0$813,778
96$2,635,292$0$0$867,191
97$2,805,112$0$0$925,120
98$2,989,137$0$0$987,996
99$3,188,716$0$0$1,056,293
100$3,405,335$0$0$1,130,534