Can I retire at age 54 with 371,000?

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 $371,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$30,637$30,364$30,098$29,838$29,584$29,239
2 years$15,167$14,884$14,611$14,345$14,088$13,740
3 years$10,011$9,727$9,454$9,191$8,938$8,599
4 years$7,433$7,150$6,880$6,622$6,375$6,046
5 years$5,887$5,606$5,339$5,086$4,846$4,530
6 years$4,857$4,578$4,315$4,067$3,834$3,531
7 years$4,121$3,844$3,586$3,344$3,118$2,828
8 years$3,569$3,295$3,041$2,805$2,587$2,309
9 years$3,141$2,869$2,619$2,389$2,179$1,913
10 years$2,798$2,529$2,283$2,060$1,856$1,603
11 years$2,518$2,251$2,010$1,793$1,596$1,355
12 years$2,284$2,021$1,784$1,572$1,383$1,154
13 years$2,087$1,826$1,594$1,388$1,206$988
14 years$1,918$1,660$1,432$1,232$1,058$851
15 years$1,772$1,516$1,293$1,099$931$735
16 years$1,644$1,391$1,172$984$823$638
17 years$1,531$1,281$1,067$884$730$555
18 years$1,431$1,184$974$797$649$483
19 years$1,341$1,097$892$720$578$422
20 years$1,261$1,020$818$652$517$370
21 years$1,188$950$753$592$462$324
22 years$1,122$887$694$538$414$285
23 years$1,062$829$640$490$372$250
24 years$1,007$777$592$447$334$220
25 years$956$729$549$408$301$194
26 years$910$685$509$373$271$171
27 years$867$645$472$342$244$151
28 years$827$608$439$313$220$133
29 years$790$573$409$287$199$117
30 years$755$541$381$263$180$104
31 years$723$512$355$242$163$92
32 years$693$484$331$222$147$81
33 years$664$459$309$204$133$72
34 years$638$435$289$188$121$63
35 years$613$412$270$173$109$56
36 years$589$391$253$159$99$50
37 years$567$372$236$147$90$44
38 years$546$353$221$135$81$39
39 years$526$336$207$125$74$34
40 years$507$320$194$115$67$31
41 years$489$304$182$106$61$27
42 years$472$290$171$98$55$24
43 years$456$276$161$91$50$21
44 years$441$263$151$84$45$19
45 years$426$251$141$77$41$17
46 years$412$239$133$71$37$15
47 years$399$228$125$66$34$13
48 years$386$218$117$61$31$12
49 years$374$208$110$56$28$10
50 years$362$199$104$52$25$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $371,000, adding $3,778 every year, while hoping to spend $21,140 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: 70/24/6 Blend
53$371,000$371,000$371,000$371,000
54$412,739$393,076$387,326$441,034
55$432,346$389,844$377,808$457,002
56$453,244$385,745$367,263$471,497
57$475,542$380,714$355,635$486,773
58$499,361$374,683$342,862$502,901
59$524,833$367,579$328,885$519,961
60$552,100$359,325$313,636$538,039
61$581,321$349,839$297,050$557,234
62$612,669$339,034$279,055$577,653
63$646,335$326,820$259,576$599,414
64$682,526$313,099$238,537$622,650
65$721,472$297,770$215,857$647,507
66$763,424$280,723$191,450$674,147
67$808,659$261,844$165,229$702,747
68$857,480$241,012$137,102$733,506
69$910,221$218,099$106,973$766,643
70$967,247$192,969$74,740$802,401
71$1,028,961$165,480$40,299$841,047
72$1,095,807$135,480$3,541$882,879
73$1,168,271$102,810$0$928,225
74$1,246,887$67,300$0$979,731
75$1,332,245$28,774$0$1,035,907
76$1,424,993$0$0$1,096,976
77$1,525,841$0$0$1,166,861
78$1,635,575$0$0$1,251,189
79$1,755,055$0$0$1,343,025
80$1,885,231$0$0$1,443,102
81$2,027,146$0$0$1,552,224
82$2,181,949$0$0$1,671,277
83$2,350,906$0$0$1,801,236
84$2,535,408$0$0$1,943,174
85$2,736,987$0$0$2,098,275
86$2,957,331$0$0$2,267,837
87$3,198,297$0$0$2,453,295
88$3,461,930$0$0$2,656,224
89$3,750,482$0$0$2,878,362
90$4,066,433$0$0$3,121,622
91$4,412,512$0$0$3,388,108
92$4,791,728$0$0$3,680,140
93$5,207,391$0$0$4,000,272
94$5,663,150$0$0$4,351,318
95$6,163,021$0$0$4,736,376
96$6,711,429$0$0$5,158,858
97$7,313,248$0$0$5,622,524
98$7,973,846$0$0$6,131,513
99$8,699,136$0$0$6,690,387
100$9,495,633$0$0$7,304,171