Can I retire at age 54 with 392,000?

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 $392,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$32,371$32,083$31,801$31,527$31,259$31,088
2 years$16,025$15,727$15,438$15,157$14,885$14,713
3 years$10,577$10,278$9,989$9,711$9,444$9,275
4 years$7,854$7,555$7,270$6,996$6,735$6,572
5 years$6,220$5,923$5,641$5,374$5,120$4,962
6 years$5,132$4,837$4,559$4,298$4,051$3,899
7 years$4,354$4,062$3,789$3,533$3,295$3,148
8 years$3,772$3,482$3,213$2,964$2,733$2,593
9 years$3,319$3,032$2,767$2,525$2,302$2,167
10 years$2,956$2,672$2,413$2,176$1,961$1,832
11 years$2,660$2,379$2,124$1,894$1,687$1,564
12 years$2,414$2,135$1,885$1,661$1,462$1,344
13 years$2,205$1,930$1,684$1,467$1,275$1,162
14 years$2,026$1,754$1,513$1,302$1,117$1,010
15 years$1,872$1,602$1,366$1,161$984$882
16 years$1,737$1,470$1,239$1,040$870$773
17 years$1,618$1,354$1,127$934$771$679
18 years$1,512$1,251$1,029$842$686$599
19 years$1,417$1,159$942$761$611$529
20 years$1,332$1,077$865$689$546$468
21 years$1,256$1,004$795$625$488$415
22 years$1,186$937$733$568$438$368
23 years$1,122$876$677$518$393$327
24 years$1,064$821$626$472$353$291
25 years$1,011$770$580$431$318$260
26 years$961$724$538$394$286$231
27 years$916$681$499$361$258$207
28 years$874$642$464$331$233$185
29 years$834$606$432$303$210$165
30 years$798$572$402$278$190$147
31 years$764$541$375$256$172$132
32 years$732$512$350$235$155$118
33 years$702$485$327$216$141$106
34 years$674$459$305$199$127$95
35 years$647$436$285$183$115$85
36 years$623$413$267$169$104$76
37 years$599$393$250$155$95$68
38 years$577$373$234$143$86$61
39 years$556$355$219$132$78$55
40 years$536$338$205$122$71$49
41 years$517$321$193$112$64$44
42 years$499$306$181$104$58$40
43 years$482$292$170$96$53$36
44 years$466$278$159$88$48$32
45 years$450$265$149$82$43$29
46 years$436$253$140$75$39$26
47 years$421$241$132$70$36$23
48 years$408$230$124$64$33$21
49 years$395$220$117$59$30$19
50 years$383$210$110$55$27$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $392,000, adding $4,751 every year, while hoping to spend $20,912 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: 68/7/25 Blend
53$392,000$392,000$392,000$392,000
54$436,885$416,109$410,033$463,483
55$459,197$414,248$401,519$480,070
56$483,084$411,595$392,018$495,378
57$508,684$408,089$381,477$511,639
58$536,150$403,666$369,837$528,949
59$565,648$398,256$357,037$547,412
60$597,362$391,788$343,015$567,144
61$631,492$384,185$327,706$588,272
62$668,259$375,365$311,039$610,938
63$707,906$365,242$292,942$635,299
64$750,698$353,724$273,342$661,529
65$796,928$340,716$252,158$689,819
66$846,919$326,115$229,309$720,381
67$901,022$309,812$204,708$753,451
68$959,627$291,694$178,267$789,288
69$1,023,161$271,638$149,891$828,178
70$1,092,093$249,519$119,482$870,440
71$1,166,940$225,199$86,938$916,424
72$1,248,271$198,536$52,153$966,518
73$1,336,710$169,380$15,016$1,021,150
74$1,432,944$137,570$0$1,080,795
75$1,537,732$102,937$0$1,152,542
76$1,651,904$65,305$0$1,235,103
77$1,776,377$24,484$0$1,325,143
78$1,912,160$0$0$1,423,402
79$2,060,363$0$0$1,532,214
80$2,222,207$0$0$1,653,124
81$2,399,037$0$0$1,785,252
82$2,592,334$0$0$1,929,707
83$2,803,728$0$0$2,087,712
84$3,035,014$0$0$2,260,610
85$3,288,169$0$0$2,449,882
86$3,565,368$0$0$2,657,158
87$3,869,008$0$0$2,884,234
88$4,201,728$0$0$3,133,088
89$4,566,436$0$0$3,405,896
90$4,966,332$0$0$3,705,058
91$5,404,942$0$0$4,033,215
92$5,886,149$0$0$4,393,276
93$6,414,232$0$0$4,788,447
94$6,993,902$0$0$5,222,257
95$7,630,348$0$0$5,698,596
96$8,329,289$0$0$6,221,747
97$9,097,023$0$0$6,796,429
98$9,940,486$0$0$7,427,840
99$10,867,323$0$0$8,121,708
100$11,885,954$0$0$8,884,342