Can I retire at age 54 with 383,000?

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 $383,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$31,628$31,346$31,071$30,803$30,541$30,010
2 years$15,657$15,366$15,083$14,809$14,543$14,010
3 years$10,335$10,042$9,760$9,488$9,227$8,708
4 years$7,674$7,382$7,103$6,836$6,581$6,080
5 years$6,078$5,787$5,512$5,251$5,003$4,522
6 years$5,014$4,726$4,454$4,199$3,958$3,498
7 years$4,254$3,969$3,702$3,452$3,219$2,780
8 years$3,685$3,402$3,139$2,896$2,671$2,251
9 years$3,242$2,962$2,704$2,467$2,249$1,850
10 years$2,888$2,611$2,357$2,126$1,916$1,537
11 years$2,599$2,324$2,075$1,851$1,648$1,288
12 years$2,358$2,086$1,842$1,623$1,428$1,087
13 years$2,154$1,885$1,646$1,433$1,245$923
14 years$1,980$1,714$1,479$1,272$1,092$787
15 years$1,829$1,565$1,335$1,134$961$673
16 years$1,697$1,436$1,210$1,016$850$578
17 years$1,580$1,323$1,101$913$753$498
18 years$1,477$1,222$1,005$823$670$430
19 years$1,385$1,133$920$743$597$372
20 years$1,302$1,053$845$673$533$322
21 years$1,227$981$777$611$477$279
22 years$1,159$915$716$555$428$243
23 years$1,096$856$661$506$384$211
24 years$1,040$802$611$461$345$184
25 years$987$753$566$421$311$160
26 years$939$707$525$385$280$139
27 years$895$666$488$353$252$122
28 years$854$627$453$323$228$106
29 years$815$592$422$296$205$93
30 years$780$559$393$272$186$81
31 years$746$528$366$250$168$71
32 years$715$500$342$230$152$62
33 years$686$473$319$211$137$54
34 years$658$449$298$194$124$47
35 years$633$426$279$179$113$41
36 years$608$404$261$165$102$36
37 years$585$384$244$152$93$32
38 years$564$365$229$140$84$28
39 years$543$347$214$129$76$24
40 years$524$330$201$119$69$21
41 years$505$314$188$110$63$18
42 years$488$299$177$101$57$16
43 years$471$285$166$93$52$14
44 years$455$272$156$86$47$12
45 years$440$259$146$80$42$11
46 years$426$247$137$74$39$10
47 years$412$236$129$68$35$8
48 years$399$225$121$63$32$7
49 years$386$215$114$58$29$6
50 years$374$205$107$54$26$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $383,000, adding $5,546 every year, while hoping to spend $21,146 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: 69/11/20 Blend
53$383,000$383,000$383,000$383,000
54$427,787$407,488$401,551$454,829
55$448,922$404,955$392,504$471,065
56$471,504$401,590$382,445$485,827
57$495,658$397,329$371,318$501,462
58$521,522$392,105$359,064$518,055
59$549,247$385,848$345,622$535,700
60$578,997$378,481$330,927$554,500
61$610,954$369,926$314,912$574,570
62$645,317$360,098$297,507$596,038
63$682,304$348,907$278,639$619,043
64$722,155$336,261$258,230$643,743
65$765,135$322,057$236,200$670,308
66$811,532$306,191$212,466$698,931
67$861,665$288,551$186,940$729,821
68$915,883$269,018$159,531$763,213
69$974,570$247,468$130,143$799,364
70$1,038,150$223,767$98,676$838,560
71$1,107,086$197,776$65,027$881,116
72$1,181,890$169,348$29,086$927,382
73$1,263,123$138,326$0$977,743
74$1,351,403$104,546$0$1,034,604
75$1,447,410$67,833$0$1,103,211
76$1,551,891$28,002$0$1,177,897
77$1,665,671$0$0$1,259,266
78$1,789,654$0$0$1,349,815
79$1,924,837$0$0$1,452,259
80$2,072,316$0$0$1,564,042
81$2,233,300$0$0$1,686,082
82$2,409,117$0$0$1,819,389
83$2,601,229$0$0$1,965,075
84$2,811,249$0$0$2,124,365
85$3,040,947$0$0$2,298,606
86$3,292,279$0$0$2,489,282
87$3,567,392$0$0$2,698,029
88$3,868,655$0$0$2,926,645
89$4,198,674$0$0$3,177,113
90$4,560,321$0$0$3,451,614
91$4,956,758$0$0$3,752,554
92$5,391,467$0$0$4,082,579
93$5,868,283$0$0$4,444,605
94$6,391,431$0$0$4,841,845
95$6,965,565$0$0$5,277,835
96$7,595,810$0$0$5,756,474
97$8,287,812$0$0$6,282,053
98$9,047,791$0$0$6,859,301
99$9,882,599$0$0$7,493,428
100$10,799,783$0$0$8,190,172