Can I retire at age 54 with 375,000?

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 $375,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$30,967$30,691$30,422$30,160$29,903$29,027
2 years$15,330$15,045$14,768$14,500$14,240$13,364
3 years$10,119$9,832$9,556$9,290$9,034$8,187
4 years$7,513$7,227$6,954$6,693$6,443$5,630
5 years$5,951$5,666$5,397$5,141$4,898$4,122
6 years$4,909$4,627$4,361$4,111$3,876$3,137
7 years$4,165$3,886$3,624$3,380$3,152$2,451
8 years$3,608$3,331$3,074$2,835$2,615$1,950
9 years$3,175$2,900$2,647$2,415$2,202$1,574
10 years$2,828$2,556$2,308$2,082$1,876$1,284
11 years$2,545$2,276$2,032$1,812$1,614$1,055
12 years$2,309$2,043$1,803$1,589$1,398$873
13 years$2,109$1,846$1,611$1,403$1,219$727
14 years$1,939$1,678$1,448$1,245$1,069$607
15 years$1,791$1,533$1,307$1,111$941$509
16 years$1,661$1,406$1,185$995$832$428
17 years$1,547$1,295$1,078$894$738$360
18 years$1,446$1,197$984$805$656$304
19 years$1,356$1,109$901$728$585$257
20 years$1,275$1,031$827$659$522$218
21 years$1,201$960$761$598$467$185
22 years$1,134$896$701$544$419$157
23 years$1,074$838$647$495$376$133
24 years$1,018$785$599$452$338$113
25 years$967$737$554$413$304$96
26 years$920$693$514$377$274$82
27 years$876$652$478$345$247$70
28 years$836$614$444$316$223$59
29 years$798$579$413$290$201$51
30 years$763$547$385$266$182$43
31 years$731$517$359$245$164$37
32 years$700$489$335$225$149$31
33 years$672$464$313$207$135$27
34 years$645$439$292$190$122$23
35 years$619$417$273$175$110$19
36 years$596$396$255$161$100$17
37 years$573$376$239$149$91$14
38 years$552$357$224$137$82$12
39 years$532$339$210$126$74$10
40 years$513$323$197$116$68$9
41 years$495$307$184$107$61$7
42 years$477$293$173$99$56$6
43 years$461$279$162$92$50$5
44 years$446$266$152$84$46$5
45 years$431$254$143$78$42$4
46 years$417$242$134$72$38$3
47 years$403$231$126$67$34$3
48 years$390$220$119$62$31$2
49 years$378$210$111$57$28$2
50 years$366$201$105$53$26$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $375,000, adding $3,372 every year, while hoping to spend $23,563 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: 68/20/12 Blend
53$375,000$375,000$375,000$375,000
54$416,728$396,853$391,041$443,747
55$434,164$391,228$379,070$456,522
56$452,588$384,538$365,908$467,358
57$472,077$376,705$351,491$478,599
58$492,713$367,648$335,750$490,280
59$514,587$357,281$318,616$502,444
60$537,799$345,511$300,013$515,136
61$562,456$332,243$279,865$528,407
62$588,677$317,373$258,091$542,315
63$616,591$300,793$234,606$556,924
64$646,340$282,389$209,322$572,304
65$678,080$262,039$182,147$588,536
66$711,980$239,615$152,986$605,707
67$748,228$214,982$121,736$623,918
68$787,026$187,995$88,293$643,278
69$828,601$158,504$52,549$663,911
70$873,196$126,350$14,388$685,951
71$921,083$91,362$0$709,553
72$972,557$53,362$0$738,256
73$1,027,944$12,163$0$771,062
74$1,087,600$0$0$806,353
75$1,151,917$0$0$851,516
76$1,221,326$0$0$903,161
77$1,296,300$0$0$958,963
78$1,377,359$0$0$1,019,314
79$1,465,075$0$0$1,084,641
80$1,560,074$0$0$1,155,413
81$1,663,050$0$0$1,232,149
82$1,774,759$0$0$1,315,416
83$1,896,039$0$0$1,405,841
84$2,027,807$0$0$1,504,111
85$2,171,074$0$0$1,610,983
86$2,326,952$0$0$1,727,290
87$2,496,664$0$0$1,853,948
88$2,681,557$0$0$1,991,965
89$2,883,110$0$0$2,142,450
90$3,102,955$0$0$2,306,625
91$3,342,886$0$0$2,485,833
92$3,604,878$0$0$2,681,555
93$3,891,105$0$0$2,895,419
94$4,203,961$0$0$3,129,217
95$4,546,081$0$0$3,384,925
96$4,920,367$0$0$3,664,716
97$5,330,014$0$0$3,970,982
98$5,778,539$0$0$4,306,361
99$6,269,817$0$0$4,673,754
100$6,808,114$0$0$5,076,357