Can I retire at age 54 with 369,000?

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 $369,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$30,472$30,200$29,935$29,677$29,425$28,737
2 years$15,085$14,804$14,532$14,268$14,012$13,322
3 years$9,957$9,675$9,403$9,141$8,890$8,221
4 years$7,393$7,112$6,843$6,586$6,340$5,697
5 years$5,855$5,576$5,310$5,059$4,820$4,203
6 years$4,831$4,553$4,292$4,045$3,814$3,225
7 years$4,099$3,824$3,566$3,326$3,102$2,541
8 years$3,550$3,278$3,025$2,790$2,573$2,040
9 years$3,124$2,854$2,605$2,377$2,167$1,662
10 years$2,783$2,515$2,271$2,049$1,846$1,368
11 years$2,504$2,239$1,999$1,783$1,588$1,135
12 years$2,272$2,010$1,774$1,564$1,376$949
13 years$2,076$1,816$1,585$1,381$1,200$797
14 years$1,908$1,651$1,424$1,226$1,052$673
15 years$1,762$1,508$1,286$1,093$926$570
16 years$1,635$1,384$1,166$979$818$485
17 years$1,523$1,274$1,061$879$726$413
18 years$1,423$1,178$969$792$645$352
19 years$1,334$1,091$887$716$575$301
20 years$1,254$1,014$814$649$514$258
21 years$1,182$945$749$589$460$221
22 years$1,116$882$690$535$412$190
23 years$1,056$825$637$487$370$163
24 years$1,002$773$589$445$332$140
25 years$951$725$546$406$299$121
26 years$905$682$506$371$270$104
27 years$862$641$470$340$243$90
28 years$822$604$437$311$219$77
29 years$786$570$407$285$198$67
30 years$751$538$379$262$179$58
31 years$719$509$353$241$162$50
32 years$689$482$329$221$146$43
33 years$661$456$308$203$132$37
34 years$634$432$287$187$120$32
35 years$610$410$269$172$109$28
36 years$586$389$251$159$98$24
37 years$564$370$235$146$89$21
38 years$543$351$220$135$81$18
39 years$523$334$206$124$73$15
40 years$504$318$193$115$66$13
41 years$487$303$181$106$60$11
42 years$470$288$170$98$55$10
43 years$454$275$160$90$50$9
44 years$438$262$150$83$45$7
45 years$424$250$141$77$41$6
46 years$410$238$132$71$37$6
47 years$397$227$124$66$34$5
48 years$384$217$117$61$31$4
49 years$372$207$110$56$28$4
50 years$360$198$103$52$25$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $369,000, adding $6,277 every year, while hoping to spend $28,588 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: 68/27/5 Blend
53$369,000$369,000$369,000$369,000
54$413,113$393,556$387,836$440,533
55$424,833$382,423$370,411$448,370
56$436,790$369,786$351,445$452,852
57$448,979$355,541$330,854$456,971
58$461,391$339,579$308,554$460,685
59$474,018$321,784$284,456$463,950
60$486,849$302,032$258,466$466,719
61$499,869$280,193$230,486$468,938
62$513,063$256,130$200,414$470,553
63$526,412$229,697$168,145$471,503
64$539,895$200,741$133,567$471,722
65$553,487$169,100$96,564$471,140
66$567,158$134,601$57,014$469,680
67$580,876$97,065$14,792$467,260
68$594,603$56,299$0$463,791
69$608,297$12,101$0$460,791
70$621,908$0$0$457,489
71$635,382$0$0$463,608
72$648,656$0$0$473,160
73$661,661$0$0$482,499
74$674,318$0$0$491,564
75$686,539$0$0$500,289
76$698,225$0$0$508,599
77$709,265$0$0$516,411
78$719,535$0$0$523,632
79$728,897$0$0$530,158
80$737,198$0$0$535,873
81$744,265$0$0$540,647
82$749,906$0$0$544,336
83$753,909$0$0$546,781
84$756,038$0$0$547,804
85$756,028$0$0$547,206
86$753,587$0$0$544,769
87$748,392$0$0$540,247
88$740,082$0$0$533,372
89$728,258$0$0$523,843
90$712,478$0$0$511,329
91$692,251$0$0$495,460
92$667,034$0$0$475,831
93$636,227$0$0$451,988
94$599,164$0$0$423,434
95$555,108$0$0$389,616
96$503,247$0$0$349,923
97$442,678$0$0$303,679
98$372,406$0$0$250,136
99$291,331$0$0$188,470
100$198,236$0$0$117,769