Can I retire at age 54 with 368,000?

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 $368,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$30,389$30,118$29,854$29,597$29,345$28,417
2 years$15,044$14,764$14,492$14,229$13,974$13,047
3 years$9,930$9,648$9,378$9,117$8,866$7,970
4 years$7,373$7,093$6,824$6,568$6,323$5,464
5 years$5,840$5,561$5,296$5,045$4,807$3,988
6 years$4,817$4,541$4,280$4,034$3,803$3,025
7 years$4,088$3,813$3,557$3,317$3,093$2,355
8 years$3,541$3,269$3,016$2,783$2,566$1,868
9 years$3,115$2,846$2,598$2,370$2,161$1,502
10 years$2,775$2,509$2,265$2,043$1,841$1,220
11 years$2,497$2,233$1,994$1,778$1,584$999
12 years$2,266$2,004$1,770$1,560$1,372$824
13 years$2,070$1,811$1,581$1,377$1,197$682
14 years$1,902$1,647$1,421$1,222$1,049$568
15 years$1,757$1,504$1,283$1,090$924$474
16 years$1,630$1,380$1,163$976$816$397
17 years$1,519$1,271$1,058$877$724$333
18 years$1,419$1,174$966$790$644$280
19 years$1,330$1,088$884$714$574$236
20 years$1,251$1,011$812$647$512$199
21 years$1,179$942$746$587$458$168
22 years$1,113$879$688$534$411$142
23 years$1,054$823$635$486$369$120
24 years$999$771$588$443$332$101
25 years$949$723$544$405$298$86
26 years$903$680$505$370$269$73
27 years$860$640$469$339$242$61
28 years$820$603$436$310$219$52
29 years$783$569$405$285$197$44
30 years$749$537$378$261$178$37
31 years$717$508$352$240$161$32
32 years$687$480$328$221$146$27
33 years$659$455$307$203$132$23
34 years$633$431$287$187$120$19
35 years$608$409$268$172$108$16
36 years$584$388$251$158$98$14
37 years$562$369$235$146$89$12
38 years$542$350$220$134$81$10
39 years$522$333$206$124$73$9
40 years$503$317$193$114$66$7
41 years$485$302$181$105$60$6
42 years$469$287$170$97$55$5
43 years$452$274$159$90$50$4
44 years$437$261$149$83$45$4
45 years$423$249$140$77$41$3
46 years$409$237$132$71$37$3
47 years$396$227$124$65$34$2
48 years$383$216$116$60$31$2
49 years$371$207$109$56$28$2
50 years$359$197$103$52$25$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $368,000, adding $6,705 every year, while hoping to spend $26,239 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: 53/18/29 Blend
53$368,000$368,000$368,000$368,000
54$412,452$392,948$387,244$430,654
55$426,604$384,285$372,299$435,333
56$441,320$374,317$355,973$437,217
57$456,630$362,954$338,194$438,751
58$472,566$350,098$318,883$439,911
59$489,163$335,648$297,960$440,675
60$506,456$319,493$275,341$441,018
61$524,487$301,520$250,936$440,915
62$543,297$281,608$224,656$440,342
63$562,933$259,627$196,402$439,272
64$583,446$235,441$166,074$437,677
65$604,887$208,908$133,568$435,533
66$627,317$179,876$98,774$432,810
67$650,798$148,184$61,577$429,481
68$675,398$113,664$21,858$425,519
69$701,190$76,135$0$420,895
70$728,256$35,410$0$421,935
71$756,683$0$0$429,889
72$786,564$0$0$439,727
73$818,004$0$0$457,469
74$851,113$0$0$476,168
75$886,014$0$0$495,893
76$922,840$0$0$516,721
77$961,736$0$0$538,737
78$1,002,858$0$0$562,032
79$1,046,381$0$0$586,705
80$1,092,492$0$0$612,866
81$1,141,396$0$0$640,635
82$1,193,320$0$0$670,142
83$1,248,507$0$0$701,530
84$1,307,228$0$0$734,955
85$1,369,777$0$0$770,588
86$1,436,476$0$0$808,617
87$1,507,678$0$0$849,246
88$1,583,770$0$0$892,702
89$1,665,176$0$0$939,230
90$1,752,362$0$0$989,102
91$1,845,836$0$0$1,042,613
92$1,946,159$0$0$1,100,091
93$2,053,945$0$0$1,161,892
94$2,169,866$0$0$1,228,408
95$2,294,664$0$0$1,300,072
96$2,429,151$0$0$1,377,355
97$2,574,219$0$0$1,460,779
98$2,730,849$0$0$1,550,915
99$2,900,118$0$0$1,648,390
100$3,083,209$0$0$1,753,895