Can I retire at age 54 with 391,000?

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 $391,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$32,288$32,001$31,720$31,446$31,179$30,133
2 years$15,984$15,687$15,398$15,118$14,847$13,803
3 years$10,550$10,251$9,964$9,687$9,420$8,411
4 years$7,834$7,536$7,251$6,979$6,718$5,753
5 years$6,204$5,908$5,627$5,360$5,107$4,187
6 years$5,119$4,825$4,547$4,287$4,041$3,167
7 years$4,343$4,052$3,779$3,524$3,286$2,459
8 years$3,762$3,473$3,205$2,956$2,726$1,944
9 years$3,310$3,024$2,760$2,518$2,296$1,559
10 years$2,949$2,665$2,407$2,171$1,956$1,262
11 years$2,653$2,373$2,119$1,889$1,683$1,031
12 years$2,407$2,130$1,880$1,657$1,458$847
13 years$2,199$1,925$1,680$1,463$1,271$699
14 years$2,021$1,749$1,509$1,299$1,115$580
15 years$1,867$1,598$1,363$1,158$981$482
16 years$1,732$1,466$1,236$1,037$867$402
17 years$1,613$1,350$1,124$932$769$336
18 years$1,508$1,248$1,026$840$684$281
19 years$1,414$1,156$940$759$609$236
20 years$1,329$1,075$862$687$544$198
21 years$1,252$1,001$793$624$487$167
22 years$1,183$934$731$567$437$140
23 years$1,119$874$675$516$392$118
24 years$1,061$819$624$471$352$99
25 years$1,008$768$578$430$317$84
26 years$959$722$536$393$286$71
27 years$914$680$498$360$257$60
28 years$871$640$463$330$232$50
29 years$832$604$431$302$210$42
30 years$796$571$401$278$190$36
31 years$762$539$374$255$171$30
32 years$730$510$349$234$155$26
33 years$700$483$326$215$140$22
34 years$672$458$304$198$127$18
35 years$646$434$285$182$115$15
36 years$621$412$266$168$104$13
37 years$598$392$249$155$94$11
38 years$575$372$233$143$86$9
39 years$554$354$219$132$78$8
40 years$535$337$205$121$70$7
41 years$516$321$192$112$64$6
42 years$498$305$180$103$58$5
43 years$481$291$169$95$53$4
44 years$465$277$159$88$48$3
45 years$449$264$149$81$43$3
46 years$434$252$140$75$39$2
47 years$420$241$132$69$36$2
48 years$407$230$124$64$32$2
49 years$394$219$116$59$29$1
50 years$382$210$109$55$27$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $391,000, adding $6,698 every year, while hoping to spend $25,991 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: 76/6/18 Blend
53$391,000$391,000$391,000$391,000
54$437,791$417,068$411,007$468,771
55$454,791$409,850$397,122$482,961
56$472,655$401,407$381,900$494,635
57$491,442$391,653$365,270$506,739
58$511,218$380,493$347,156$519,310
59$532,056$367,830$327,479$532,387
60$554,032$353,561$306,156$546,014
61$577,233$337,575$283,102$560,238
62$601,752$319,757$258,227$575,114
63$627,689$299,983$231,436$590,702
64$655,155$278,124$202,631$607,068
65$684,271$254,043$171,709$624,284
66$715,169$227,593$138,564$642,434
67$747,993$198,622$103,083$661,607
68$782,902$166,968$65,149$681,904
69$820,067$132,459$24,641$703,436
70$859,679$94,914$0$726,326
71$901,944$54,143$0$754,282
72$947,089$9,943$0$789,168
73$995,363$0$0$826,440
74$1,047,039$0$0$868,816
75$1,102,415$0$0$914,940
76$1,161,820$0$0$964,429
77$1,225,613$0$0$1,017,586
78$1,294,190$0$0$1,074,740
79$1,367,984$0$0$1,136,255
80$1,447,471$0$0$1,202,530
81$1,533,175$0$0$1,274,001
82$1,625,669$0$0$1,351,149
83$1,725,585$0$0$1,434,504
84$1,833,616$0$0$1,524,645
85$1,950,526$0$0$1,622,211
86$2,077,151$0$0$1,727,904
87$2,214,414$0$0$1,842,494
88$2,363,328$0$0$1,966,830
89$2,525,006$0$0$2,101,846
90$2,700,676$0$0$2,248,566
91$2,891,684$0$0$2,408,120
92$3,099,515$0$0$2,581,750
93$3,325,800$0$0$2,770,823
94$3,572,336$0$0$2,976,841
95$3,841,098$0$0$3,201,461
96$4,134,262$0$0$3,446,502
97$4,454,222$0$0$3,713,970
98$4,803,613$0$0$4,006,071
99$5,185,337$0$0$4,325,235
100$5,602,586$0$0$4,674,136